If you have spent any amount of time on YouTube, you’ve possibly wondered at some point, how much money do these YouTubers make? Is it related to how many views or how many subscribers or all these different factors?
In this article, I will share with you how to make money on YouTube. And I will explain how everything works to get into it if you want to or just curious. I will begin by discussing how people make money on YouTube and how it works. Then I will go through the most important factors determining how much money someone makes on YouTube.
To start making money on YouTube, you must first join the YouTube partners program, which requires at least 1000 subscribers and 4000 hours of youtube total watch time, so as a result, you can’t start monetizing your channel immediately you open Youtube channel.
Once you’ve hit those landmarks of 1000 subscribers and 4000 watch hour time, you can apply for the program, and if you’re approved, you can turn on ads on your videos.
However, if you enable ads, viewers will see a five-second ad before the video, potentially some mid-roll ads if the video is more than 8 minutes long, and possibly a five-second ad after the video.
And the idea is that YouTube will sell these ad spots to advertisers through their Google Ads program. As a result, advertisers can get compensated for their ads appearing on various types of content. They might want to do it for several reasons.
How To Make Money On YouTube?
Fortunately, there are various ways to make money on YouYube apart from being approved by the Youtube partner program, and below are some other ways you can make money on youtube. Youtube is one of the greatest ways to make money online but apart from youtube, there are a lot of other ways which we discussed in our article: 10 Ways To Make Money Online.
1. Affiliate Marketing
Affiliate marketing is earning a commission by suggesting a retailer’s or advertiser’s goods or service.
It’s a monetization model in which you, as an affiliate partner, are compensated for delivering a specified result to a store or advertiser.
Usually, the outcome is a sale. On the other hand, some programs will compensate you for leads, free trial users, website clicks, or app downloads.
Most affiliate networks are free to join, so you won’t have to worry about paying any upfront fees. This performance-based opportunity can grow from a side hustle to a profitable online business concept by providing you with a steady paycheck.
How Does Affiliate Marketing Works?
Affiliate marketing is all about referring a product or service through a blog, social media platform, podcast, or website. When someone purchases something using the unique link linked with their referral, the affiliate receives a commission.
The company and the offer determine the commission rate. You will get roughly 5% of the sale on the low end, but depending on the arrangement, you could get up to 50% to 75%, which is common when marketing a class or event. There are also affiliate marketing programs that pay a fixed sum per sale rather than a percentage of the sale.
How To Start Affiliate Marketing?
Starting affiliate marketing is not that difficult. Running a successful small business demands the same dedication and discipline as being a successful affiliate. Follow the steps below to get started with affiliate marketing.
#1. Choose Your Platform
The first step is to decide which platform you will use to build your audience. Every affiliate marketer uses a different medium and takes a different approach. You have a range of affiliate marketing concepts to select from, each based on another method:
Building an audience and increasing affiliate sales is significantly easier through two channels: a blog or a YouTube channel.
Regardless of which road you take, authenticity and audience building are the two most critical parts of affiliate marketing.
#2. Choose Your Niche Topic
Choose a topic that focuses on a particular category. Maintaining a narrow focus on your issues will help you attract a more focused audience and, in turn, help you rank higher in search engines.
For many affiliate sites, a lack of consistency is the death toll. If you are passionate about anything, you will find it a lot easier to stick with it when things got tough.
#3. Choose Your Affiliate Program
80 to 85 percent of brands use affiliate marketing to promote their products. Thousands of affiliate programs are accessible across a wide range of industries and sectors.
When choosing an affiliate program to join, it’s vital to be selective and spend your time and energy on the programs that offer the most value to your audience and affiliate company.
The most crucial thing to remember when brainstorming items or visiting affiliate sites is that the product should be linked with your audience or the audience you want to build.
Is there anything there that your target audience could be interested in? Is it relevant to your field of expertise?
For instance, A fashion blogger probably would not be promoting a digital product.
You might be asking or wondering where can I get products to promote, There are many affiliate programs to choose from and they are listed below.
- CJ Affiliate
- PageCloud Affiliate Program
- Amazon Associate
- eBay Partners
- Shopify Affiliate Program
You can also get in touch directly with the owner of the product to request an affiliate link.
Remember that you must follow the affiliate marketing scheme’s terms of service, so read the fine print. Your link, for example, will nearly always include a cookie with an expiration date, and some programs may block you from purchasing pay-per-click advertising that provides for the product or company’s name.
#4. Choose Your Affiliate Product
Affiliate marketing has a long track record of success and remains one of the most popular methods of earning money online. With few customer service requirements and extremely minimal entry barriers, you might be up and running in a couple of hours.
However, the simplicity with which one might enter the market can frequently lead to hasty decisions in the early phases. Why waste time researching when so little effort is required to get started? It all begins with a well-chosen affiliate product and a well-planned business strategy.
Choosing a product to promote is frequently overlooked, with minor considerations such as commission rate, popularity, or your competitors’ behavior impacting a critical decision. However, choosing the correct product can make or ruin a campaign, so thorough research is essential.
#5. Promote Your Affiliate Product
You’ve chosen your fantastic product. The next thing to do is get people interested in your product to click on your affiliate links.
Affiliate marketing money can eventually become a source of passive income, but it does involve some initial effort. The quality of your review will determine the success of your program.
It’s best to go personal while creating your video, a decent review. Share your story as a blog post, a social media post, or a video. Give a genuine opinion based on your experience and knowledge of the product if you submit a personal review. The more genuine you are, the more open you are. If others believe they can trust you, they will be more likely to follow your counsel.
While the size of your audience has a significant impact on your affiliate marketing results, offering a tutorial on the offer is another way to get more clicks and conversions.
2. Make Merchandise
Selling a range of items on your YouTube channel might help you make money. T-shirts, coffee mugs, tote bags, snapbacks, you name it—creating and selling items has a value that isn’t measured in dollars.
If you’re a video creator first and an entrepreneur second, you’ve probably already created a product and are working on a YouTube marketing strategy to promote it.
In any case, selling items on YouTube is a practical method to make money.
3. Paid Promotion
Profiting through sponsored promotions such as product placements, sponsorships, and endorsements is also a viable option to make money on YouTube.
As I’ve mentioned earlier, paid promotions, such as affiliate marketing, are well-suited to specific niches, such as review-type channels or how-to tutorials channels.
Paid promotions are available in various ways: you can approach firms with a proposal, or corporations will come to you if you become well-known in your field.
By checking the paid advertisement option in the video’s metadata, YouTube must be notified if your video contains sponsored adverts. Both YouTube’s Ad Policies and Community Guidelines apply to paid advertisements.
When you specify that your video contains sponsored advertisements, YouTube will display a disclosure message at the start of the video.
YouTubers and the businesses with which they collaborate are responsible for adhering to all other local and legal requirements. The Federal Trade Commission (FTC) is an excellent place to start if you want to make sure you are following the rules regarding paid promotions in your content.
4. Crowdfunding From Your Fans
You can also make money on YouTube through crowdfunding, and there are two types of crowdfunding: project-based and recurring
If you have a project in mind that requires money, launching a project-based crowdfunding campaign is a preferable option. Use platforms like GoFundMe or Patreon to start this method.
Recurring crowdfunding allows contributors to pay the amount they specify regularly. Assume you want to make the most of this recurring crowdfunding to turn it into a significant revenue stream. Monetary rewards, private classes on zoom calls, or one-on-one video chats on skype and products can all be used to entice the audience to sign up.
5. Launch An Online Course
Is there anything you’re very good at and can teach others about on your YouTube channel? You could probably convert it into an intriguing online course and promote it on your YouTube channel.
Online classes might be an excellent method to add another source of income. If you are an expert in a field, you can share your knowledge with others without prior teaching experience.
All you need to know is how to create educational content of excellent quality. The good news is that as a YouTuber, you’re already doing this.
Read Also: What Is Fiverr? How To Make Money On Fiverr
6. Sponsored Post
Sponsored posts are another popular way to make money on YouTube. Brands and businesses may be ready to pay you hundreds, if not thousands, of dollars to advertise their business in one of your films, depending on the size and specificity of your audience.
At the beginning of your video, you will mention that the video is sponsored, and then in the middle, you will talk about the company for a minute or two, explaining why you recommend them to your viewers. Never advocate a company that you are unsure about promoting.
One disadvantage is that you normally need a large audience (5000+ subscribers) to make substantial money with a sponsored post. This is not always the case, especially if you are in a very narrow niche with a specific target audience for a certain business, but you will almost need at least a few thousand followers to earn money from Sponsored posts.
7. Google Adsense
Google AdSense is a platform that allows businesses to buy ad space on YouTube, and YouTube then places those ads on films like yours as they see fit, most likely using algorithms.
AdSense’s advertising revenue is computed on a cost-per-click or cost-per-view basis, depending on the advertiser’s preference.
Google Adsense is one of the most popular ways to generate money on YouTube. However, in recent years, YouTube has made changes that demand a minimum number of subscribers (1000) and view time (4000 hours per year) to activate advertisements on your channel.
While these figures are far from impossible, working toward something with no apparent payoff can be discouraging. Many YouTube creators have given up on their channels as a result of this.
However, this is a mistake, as YouTube Ads is one of the least effective revenue options accessible. Many channels pay between $1 and $2 per 1000 views. However, the majority of the other choices I’ve mentioned can pay much more.
With continued dedication and perseverance, you may grow your YouTube channel by researching and utilizing income development choices that best fit your channel’s specialization, purpose, and financial goals.
If you are wondering how to still make money on YouTube, I believed this post has answered your question to the best of my ability.
Please let me know in the comments section below if you love this post and also if you will start your Youtube channel today or if you have already, which of the points in these posts you would love to implement.
Q. How much money do YouTubers make?
A. You can earn anywhere from $0.01 to $0.03 for each video view as a YouTuber. You can make $3 to $5 for every 1,000 views, and a million views can earn you $3000 to 5,000 depending on your niche.
Q. How many subscribers do you need on YouTube to make money?
A. You can 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.
Q. How many views do you need on YouTube to make money?
A. To make money on YouTube, you will need 20,000 views at a rate of $5 per 1,000 views. This is because you must have a $100 balance before you can start getting money from your channel.
Q. How can you get 4,000 hours of watch time on your channel?
Creating high-quality video content on popular and relevant topics to your viewers is the most excellent way to get 4,000 watch hours on your channel. You will need some successful marketing methods to promote your video content once you have created it and optimized it for search engine optimization (SEO).
Q. Is it worth starting a YouTube channel in 2021?
A. Making money on YouTube is difficult, but if you enjoy making videos, you can start a YouTube channel to educate viewers online or share your knowledge with the world.