make money from youtube

Best Ways to Make Money from Youtube

Almost all the big YouTubers have started with the query of how to make money from Youtube. This curiosity is the root cause of creating many self-made Youtube millionaires, stars, and celebrities.

This is the time when we can monetize our skills, willingness to work, passion, knowledge, and experience. Creating a Youtube channel is not hard but working with a strategy to create multiple streams of income to make money from Youtube.

In this article, I’ll share 9 ways to make money from Youtube in this growing creative economy. Making money just by creating videos is not that simple, rather you have created high-quality and helpful content to tap into multiple sources of income and grow your business around it.

How to Make Money on YouTube

1. Earn from Youtube Partner Program

This method of earning from YouTube is extremely famous and attracted tons of creators over the years. It is the first revenue stream you want to enable if you are thinking of earning from youtube. Joining YPP gives you special features and enables you to earn from multiple sources:

1.1. AdSense:

To start your earning from YouTube from Google Ads you need to join YPP and enable monetization. Before enabling monetization, your channel should complete these two criteria of completing at least 1,000 subscribers and 4,000 hours of watch time in the past 12 months. Learn to optimize your video to get a high volume of quality traffic to take full advantage of this earning method. You can also unlock additional ad options on your videos. AdSense can be a good passive income source, once after creating a video you get to earn as long as it is getting views.

1.2. YouTube Premium:

YT Premium is the service of paid membership that lets the users watch ad-free videos and gives some other advantages. The creators also get monetary benefits from premium members. If premium member watches their content then YouTubers will automatically get some amount from the subscription fee. To benefit from any income stream, you must create user-friendly, high-quality content and optimize it to get more viewership.

1.3. YouTube Shorts Fund:

The YT Shorts Fund is the latest stream of income from youtube. It is made to motivate Shorts creators to produce high-quality Shorts in less than 60 seconds. If you are eligible to get money from the Shorts fund, you will get notified from youtube.

1.4. Channel Membership:

Encourage your subscribers to join channel membership, to join your membership your fan should be willing to pay an extra amount. In exchange, channel members get different badges, custom stickers, and members-only access to exclusive videos and Live Chats with creators. Find different promotional strategies to join your channel membership.

1.5. Merchant Shelf:

Every stream of earning has some criteria to fulfill. For merchant shelf, you need to be at least 18 years old or above and your YT channel must have completed at least 10,000 subscribers. The merch shelf lets you show your products directly below your videos. This will help you to showcase and sell merchandise to make money from YouTube.

1.6. Super Chats:

To make money from YouTube you need to utilize every feature, many creators don’t use this super chat feature. This feature is only available to Youtube Partners. Go live and make it easier for your audience to appreciate you by using their cards. Fans pay in the comment section to be highlighted and pinned in the live chat. By this method, you can gather money from a mass audience.

2. Affiliate Income

If ads are not working for your channel or want another income stream from YouTube then affiliate marketing is the most effective and lucrative way of making money from YouTube. A single click on your affiliate link can pay more than click-on ads by a viewer.

As you may have seen in many tech reviews videos they provide you with deep insightful details of the product to help you give clarity your any doubt regarding the product. At the end of the video, they give CTA (call to action) to buy from their link. This way many YouTubers do affiliate marketing on some products and services you can get a 50% commission. That is amazing so, you don’t need to own any products to make money, just promote them by guiding the audience.

To assist users in making the best purchasing decisions, you must offer useful information about, insights, reviews, tutorials, and guides of a product or service. Then encourage them to make a purchase through your link. The merchant will reward you with a commission. The platform, category, and price of the products all influence the commission.

There are several trusted affiliate marketing platforms, which you can join to promote products and services:

  • Amazon Associates Program
  • Flipkart Affiliate
  • Walmart Affiliate
  • ShareAsale
  • Awin
  • CJ Affiliate
  • ClickBank
  • JVZoo

3. Sponsorship

The best way of earning a fortune from YouTube is by getting sponsorships, making sponsored content, and promoting their product/brand. This way of monetization is best for established YouTubers with good engagement and analytics on their channel. Then brands can easily endorse you to promote their product in your videos in return creators get a handsome amount.

Brands are looking to invest in influencer marketing as it is the latest, most effective, fast-growing way of contextual advertising. As most of the audience is consuming content from YouTube, this gives the opportunity to brands to promote their brand with a lower budget than T.V. ads.

The money you can make with sponsorship depends on several factors such as your audience demographics, statics of your channel, the quality of your channel, type of content, niche, reach, engagement and etc. These things will determine which brand endorsement and money you get.

You should disclose brand sponsorship in your video, and be transparent with them. Don’t push irrelevant products which you don’t trust, be genuine to your audience. Give your business contact detail properly, create Your sponsorship kit, registers yourself at the marketplace or agency for influencers, can even approach brands to get sponsorships.

4. Sell Physical Products & Merchandise

Selling physical goods and merchandise is just one of the many perks of being a YouTuber. This can take your total revenue to another level and make you less dependent on other affiliates, YPP, and other platforms. For a famous Youtuber, launching his merchandise can be the most lucrative and independent way to make money from your YouTube.

How to sell:

  • Identify and design relevant products
  • Find a supplier to build or source products
  • Create and launch your online shop
  • Enable merchant shelf to add products
  • Add CTA and promote products in your videos

What to sell:

  • T-shirts
  • Mugs
  • Hoodies
  • Phone case cover
  • Signed calendars

And plenty of other items which is relevant to your audience and niche. You can promote merchandise in the Merchant Shelf feature of YouTube and can ad CTA to buy in your Videos.

5. Sell Digital Products

Just like the physical products you can give CTA and promote products in your videos. These days market of digital products is expanding and contributing significantly to the creator’s revenue. As digital products don’t have production costs like physical ones, it just needs to be created once, after which they can be sold several times.

What to sell? There are various virtual products depending on the market segment, and audience, some examples of hot-selling digital products are as under:

  • eBooks
  • Lightroom presets
  • Visual effects, LUTs, & Transitions
  • Pdf
  • Wallpapers
  • Blueprint
  • Guide
  • Diet plans
  • Cheatsheet
  • Templates
  • Graphics
  • Software

How to create digital products? If you are an expert in your field and have resources for making digital products then you can make it yourself. And you can also hire a skilled freelancer, although hiring a freelancer can be costly. But you can reach break even and generate profit by selling it to a mass audience.

6. Launch Online Courses

After getting established on YouTube, many creators create, launch and sell their online courses. Many even teach how to grow on YouTube. Making and marketing courses is very popular these days. An online course is also a digital product that requires a one-time investment which means no production cost while selling to multiple customers. Every sale that you get organically is your pure margin of profit.

I am aware that developing an entire course might be challenging. The affordable but insecure method is to create a course on youtube and unlist it. Give this unlisted link to the customer after payment. And you can also use the following platform:

  • Teachable
  • Kajabi
  • Skillshare
  • Podia
  • Thinkific

Pack your course with your expertise, resources, experience, and knowledge to give true value to your loyal customer. You can even add your affiliate links to your course and can do upselling.

7. Provide consultation & Coaching

If you are an expert and established in your field which can help others, you can make a lot of money by giving your time. You can use all your knowledge and experience here as well to provide clients with insights to solve their problems and make a decent amount of money from YouTube.

YouTubers can offer one-to-one online consultations and coaching, in return they get plenty of money to give special attention to one client at a time. You promote your services in YouTube videos and can upsell in online courses.

8. Crowdfunding

Crowdfunding is an ideal way to make something big happen when just a lack of money prevents you to execute an idea. If your idea is interesting enough, you can ask your own audience and the crowdfunding community for assistance with anything from better equipment purchases, actor hiring, or other production and execution costs.

Use websites like Indiegogo, Kickstarter, or GoFundMe to get started with crowdfunding. Get authorization from these crowdfunding websites. Then you need to promote your camping and convince the audience to fund you by giving incentives like one-on-one conversions, creating customized content, and private lessons. You can even promote your campaign beyond YouTube.

Online donation requests are increasing day by day. Crowdfunding is how many YouTubers make money, whether they want to finance a personal, channel-related project or want to develop a continuing income from monthly donations. This will help their next project and improve YouTube videos which ultimately help them to earn more money from YouTube.

9. License your Videos to Media

Many video creators on YouTube in niches like health, fitness, fashion, lifestyle, food, and travel can license their content to media houses like news networks, It is a lucrative way of making money from YouTube as well as media houses.

Every news organization wants to use popular videos so they show them to their viewers. Many reputable media outlets are willing to obtain viral videos by paying creators. Make sure that you are easy to find and ready to work with will media.

FAQs

1. Why should you look beyond ad revenue?

Even though earnings from ads are simple and reliable but your earnings depend on many criteria related to YouTube. Making money through advertising is not the most lucrative or trusted revenue stream for every type of channel because it mostly depends on many criteria related to YouTube. Ads can also impact user experience.

YouTube takes almost half of your ad revenue, but in another source of income like affiliate income, you don’t need to pay anything to YouTube. Many smart marketers who work with the strategy demonetize their videos knowingly to prevent advertisers to take your audience. Many other affiliate marketers and review channels don’t want to distract you with ads while demonstrating products and services without distraction and promoting their affiliate links.

2. How many views do we need to monetize the YouTube channel?

For monetization, your channel should complete these two criteria of completing at least 1,000 subscribers and 4,000 hours of watch time in the past 12 months. But your earnings from YouTube are not directly related to the number of views. You won’t make any money even if you get thousands of views but no one clicks on ads.

2. How to make money from YouTube as a beginner?

Soon after completing the YT monetization criteria, you can join YouTube Partner Program. While you are growing you can also, learn YouTube SEO to optimize video and it will increase traffic to boost ad revenue. You must join an affiliate platform and promote your affiliate links, you can generate a significant amount by less audience.

Final Thoughts

After reading this you should have known that there are plenty of opportunities for beginners and pro YouTubers to earn from youtube and create multiple income streams. Earning from youtube may require some extra skills like audio and video editing, shooting, public speaking, and confidence. After learning these skills I can guarantee you can even manage other’s YouTube channels in the worst-case scenario if your channel doesn’t work. After establishing on YouTube you can build your team so that you can focus on managing business-related aspects of your channel.

Comment what is your best earning method from YouTube.

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218 thoughts on “Best Ways to Make Money from Youtube

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