There are more than 15 proven ways to monetize your YouTube videos. Making money on YouTube is still a pipe dream. YouTubers look to enjoy a wonderful life and are surrounded by their fans’ devotion.
We will give a list of methods for monetizing YouTube. It is no secret that in order to make money on YouTube; you need to make incredible videos that attract many subscribers.
Through those subscribers that are watching your videos, you earn views which assist you to develop your YouTube channel over time, pushing your monetization rates up.
How do you Enable Monetization on YouTube?
- Log in to the YouTube account you want to make money from.
- Then, in the top right corner, click your account’s symbol, then YouTube Studio.
- Select Other Features Monetize from the left-hand menu.
- Go over the Partner Program conditions and agree to them.
- Create a new AdSense account or connect an existing one for your channel.
- Define your preferences for monetization.
- Go back to the dashboard and click the Analytics tab on the left and after you complete these instructions, Select Revenue from the top of the next screen, then scroll down until you see the chart Monthly Estimated Revenue. The graph will show you how much money you may expect to make each month.
What Are The 15 Proven Ways To Monetize Your YouTube Videos?
There are more than 15 proven ways to monetize your YouTube videos currently. You might be thinking of some proven ways to monetise your YouTube videos if you’ve been seeking new ways to make money. Know that you will be able to start earning on the site in a variety of methods, most of them focusing around making captivating video content.
Here are some of the most well-known YouTube revenue streams:
1. Join the YouTube Partner Program
Joining the YouTube Partner Program is one of the15 proven ways to monetize your YouTube videos. If you’ve been wondering how to make money on YouTube, you ought to be familiar with the YouTube partner program and how it functions. YouTube content creators will be unable to monetize their videos until they are accepted into the YouTube partner program.
Your YouTube channel will be considered as joining the Partner program if it has approximately 1,000 subscribers and at least 4,000 public views. What this implies is that you won’t be able to make any money until you’ve reached these figures, so keep creating content and expanding your channel’s reach.
Once you are able to meet the program’s requirements, then you can apply for monetization.
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2. Get Featured on YouTube Premium
Getting featured on YouTube Premium is one of the 15 proven ways to monetize your YouTube videos. You are able to generate good money off YouTube from YouTube Premium asides from channel commercials.
YouTube Premium refers to a premium subscription service which allows users to watch videos without advertisements. Creators need not do anything since when YouTube Premium subscribers watch their videos, they will earn another source of money.
The majority of the revenue generated by Premium membership fees will go to producers, similar to YouTube’s monetization policies for advertising-based revenue (total revenue distribution is based on how many Premium members watch your content).
Premium customers are also certainly able to download as well as watch their videos offline, and play them in the background, to increase their time of viewing.
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3. Offer Channel Memberships
Offering channel memberships is one of the 15 proven ways to monetize your YouTube videos. When your YouTube channel reaches 30,000 subscribers, you can make use of channel memberships to generate additional revenue.
Fans pay around 2,500 naira per month for a membership package which offers benefits such as early access to videos, members-only live chat, special emojis, and more. Members will be identified by special members-only badges in comments, live chat, and the Community tab.
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4. Sell Branded Merchandise
Selling Branded merchandise is one of the 15 proven ways to monetize your YouTube videos. Another option to monetise your YouTube channel is to sell branded items.
The fact is, any form of the product may be used for merchandising, so if you’re an entrepreneur who already has a product, you’re already ahead of the game.
Most YouTubers make and sell bespoke products, such as t-shirts with their brand’s logo on them, which is a good choice, but there are plenty of other product ideas to consider.
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5. Use Sponsorships
One surest way to make money through YouTube is making use of sponsorships. But for you to get a sponsorship from a brand, you have to, first of all, build an audience.
If you have a decent following and you are after the huge fish, you probably would have to approach popular brands within your niche who are willing to pay you and create sponsored content for them.
Such content is probably a sponsored product placement in your videos, where you now sell short mentions or recommendations on brands which desire more exposure.
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6. Use Google AdSense
You have to make use of Google AdSense in order to get money for advertising on your videos as a YouTube partner.
Google AdSense is a program that allows businesses to purchase ad space, and YouTube then displays those adverts on videos like yours as they see fit — most likely using algorithms.
The revenue generated by AdSense advertising is calculated on a cost-per-click or cost-per-view basis, depending on the advertiser’s preference.
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7. Endorse Affiliate Products in Your Videos
Businesses are well aware of the potential that YouTube channels with a large following have, and they’re always looking to exploit this to grow their own business.
Once you must have garnered a substantial following on the platform, you are most likely going to experience businesses trying to reach out to you and asking you to promote their products in exchange for cash.
You ought to consider becoming an affiliate of these brands and including product placements in your videos. You are also able to sign up for popular affiliate programs in order to enhance your affiliate network.
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8. Collaborate With Other YouTubers
One tactic which you are able to use to make money from YouTube videos is to collaborate with other YouTubers.
This is certainly a fantastic method which will let you grow your YouTube presence, add some uniqueness to your content to grow your channel, as well as do well to push up your content to a whole audience.
Try doing some research on YouTubers who are active in your niche and contact them with a lovely video idea — and be sure they will show interest in collaborating.
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9. Monetize Live Streams via Super Chat
Super Chat is a new technique to generate money on YouTube that is gaining popularity. The act lets your audience purchase standout chat messages and, in a few cases, pin them to the top of a live stream’s comments section.
Therefore, when you go live on YouTube, you are able to monetize your stream with Super Chat.
Super Chat’s YouTube monetization rates range from #550 naira – #250,000naira, with the company taking a 30% part of the money. Anyone interested in making money with YouTube Super Chat should organize and promote live streams.
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10. Offer Video Editing Services
Offering video editing services is one of the 15 proven ways to monetize your YouTube videos. The very first lucrative talent with market demand for a YouTube producer has to be video editing -when you consider how you’ve always done it for your own videos.
Many brands are launching new YouTube channels, thus offering them a concierge YouTube video editing service could earn you some cash.
It has to be expressly stated that video editing necessitates specialized knowledge, patience, and imagination to guarantee that the content flows smoothly and the spectator remains engaged.
Regularly creating video sketches for your channel will develop your talents while also adding to your portfolio.
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11. Becoming a Marketing Consultant
Becoming a marketing consultant is one of the 15 proven ways to monetize your YouTube videos. Do you have unique expertise which brands may make use of to increase their revenue? If that’s the case, you might work as a marketing consultant and charge for your services.
You consider these:
- If your channel has already grown in popularity and you get a few thousand views on each video you post, YouTube marketing could be a good investment. Firms will pay you well to handle their channels: video marketing statistics reveal that businesses set aside a large amount of money for YouTube.
- If not, you can consult firms in your field of knowledge, which you also educate on your channel.
12. You Can Crowdfund Your Projects
Let’s start by stating that you can add cards to approved crowdfunding platforms and raise “one-time” funds. What this generally implies is that creators make use of fan money to fund special projects like books, movies, web series, applications, or the development of other items, as well as to raise awareness for a topic they care about.
This requires a one-time commitment, as this monetization technique looks easier to implement than the ongoing membership revenue model. However, depending on your financing objectives, it may be difficult.
13. Earn from Affiliate Commissions
Affiliate marketing is your best buddy when it comes to monetizing YouTube. Affiliate marketing has endless earning potential, and YouTube is the best platform for it.
Affiliate marketing is straightforward.
You become an affiliate for a company which desires to market its product or services as a content provider.
You begin mentioning their goods in your videos and use discount codes or trackable links to bring viewers to the product page. You get a percentage of the sale if the people you referred buy the product.
14. Build A Portfolio For Yourself
Building a portfolio for yourself is one of the 5 proven ways to monetize your YouTube videos. Are you an actor, singer, or entertainer who launched a YouTube channel to promote themselves online? Given that YouTube is now the most extensively used digital video website in the world, this is an excellent choice.
Indeed, the big TV screen is the platform’s fastest-growing market, thus working on boosting your YouTube audience can help you become a household celebrity.
Your YouTube sketches also function as a portfolio for actors. You don’t have to audition or persuade gatekeepers, such as record companies and movie studios, to cast you in their films.
15. Make the Most of Your Descriptions
Another way to get money from YouTube videos is through descriptions. They assist users in the area of discovering your material and deciding whether or not to watch it.
Follow the age-old journalistic writing strategy when producing descriptions for your videos: start with the obvious and work your way down to the less important.
Also, mention at least a handful of the viewers’ pain points (pain points entice folks to click!). Finally, speak in terms that your target audience will understand and relate to.
Other Ways to Make Money on YouTube
Aside from the 15 proven ways to monetize your YouTube videos, there are other ways which include:
Consistent posting will help you grow your audience.
It’s a great concept to post content on your YouTube channel on a regular basis. Your viewers will stay interested in your channel if you provide a consistent stream of material.
This implies they’ll be far more aware of your web presence and associated properties, such as your ecommerce firm.
Try to Make Your Videos More Than 10 Minutes Long
You will have a better chance of making more money through Ad income if you make YouTube films that are longer than 10 minutes.
Videos which are longer on YouTube will probably have a higher view duration, which in turn increases the amount of ad income generated by those videos.
Having stated that, videos with a longer average view duration will display higher in YouTube’s search results, increasing the likelihood that visitors will see your material.
How Many Views Do You Need to Make Money on YouTube?
The fact is, your YouTube profits are unrelated to the number of views your videos receive. You won’t be able to get money if you receive thousands of views, but nobody clicks on your advertising or gets to eat your material.
YouTube even has criteria for compensating publishers who run ads on their channel: for you to receive money, a viewer must click the ad or watch it in its entirety.
However, there is some good news for anyone learning how to make money on YouTube: you are no longer completely reliant on advertising revenue. There are now programs like YouTube Premium which are able to assist you to make money without relying on ad clicks or consumption.
How to Make Money on YouTube Without Making Videos
The 15 proven ways to monetize your YouTube videos are for those who can make videos. So, while there are so many ways you can make money on YouTube by making videos, you also can make money without videos. Question is, How?
Many people are oblivious to the fact that YouTube includes a collection of videos with a “Creative Commons license.” It’s a fact that repurposing other people’s work or video is the only strategy to generate money on YouTube with no videos to make.
It must be noted, however, that some types of licenses allow you to monetize other people’s videos by hosting them on your channel. If you discover a film which is licensed under the CC-BY license, for instance, you are able to make use of it and even modify it to represent your own ideas.
Frequently Asked Questions (FAQs)
Is it Possible to Make Money on YouTube?
Yes, it’s very possible. As a matter of fact, thousands of people do this. Although, not all of them, by the way, have millions of subscribers.
YouTube isn’t only a numbers game, contrary to common opinion; your earning potential is also determined by the niche you target, the quality of engagement you generate, and the revenue streams you use.
How much money do YouTubers make?
As a YouTuber, you are able to earn anything between #5naira to #7naira per view of a video. Per 1K views, you are able to make #1700naira to #3000naira, and for a million views, your revenue can get up to #2.7million.
How many views do you need on YouTube to make money?
Given that every 1,000 views are worth #2500 naira, you’ll need 20,000 views to make money on YouTube. This is because you must have a #55,000naira balance before you can begin earning payments from the platform.
How many subscribers do you need on YouTube to make money?
It’s possible to become a YouTube partner and start monetizing your video if your channel has 1,000 subscribers and 4,000 view hours in the last 12 months.
How do you promote your YouTube channel?
You can make use of SEO-friendly terms to promote your YouTube channel. Use them in the titles and descriptions of your videos, as well as throughout your profile.
Create personalized thumbnails for your videos and post the URL to your channel on other social media sites.
Who is the most popular YouTuber?
T-Series is the most popular YouTube channel. It owns and operates the most-viewed and the most-subscribed YouTube channel, with 213 million subscribers and over 187 billion views on YouTube. Owner: Gulshan Kumar (1983–1997); Bhushan Kumar (1997–present)
The founder of T-Series is Gulshan Kumar.
Conclusion
While it is feasible to make money as a content creator on YouTube, it will not be easy due to fierce competition.
This monetization options might make provisions for the tools you need to begin generating money without the requirement for a million YouTube subscribers.
