Five billion YouTube videos are viewed every day around the world. YouTube remains as popular as ever, with users spending an average of 40 minutes per session on the site.
In line with this digital shift, the next thing you should learn is how to make money on YouTube. All you need is video editing software and a computer to get started on YouTube.
By messing around with and disassembling toys, Ryan’s Toy Review, for example, makes a whopping $22 million. For tinkering with electronics, it’s not bad.
Making money on YouTube is no longer exclusive to platinum-selling musicians and well-known influencers. Regular people can make money on YouTube in a variety of ways.
However, you must adopt a more strategic approach.
In this article, I’ll go over the various ways you can start making money on YouTube this year.
Let’s get this bash going.
Disclaimer: At no cost to you, some of the links below earn me affiliate commissions. These, on the other hand, are the most effective tools I’ve tried for making money on YouTube. A complete affiliate disclosure is included in our privacy policy.
What Is the Most Profitable Method of Making Money on YouTube?
While making a significant amount of money as a content creator on YouTube is possible, it is not easy. 500 hours of video are uploaded to YouTube every minute around the world.
The numbers don’t lie. As a result, competition is fierce, and making a lot of money online is becoming increasingly difficult. Here are a few strategies for maximizing your YouTube earnings potential.
1. YouTube Monetization:
To monetize your YouTube channel, use affiliate links. Promoting affiliate links can be a huge moneymaker for channels that provide in-depth tutorials and insightful product reviews. If you recommend a product and a user clicks on your link to purchase it, you’ll start earning commissions. You can mention these links in your video content and include them in the first few lines of your description.
Affiliate link promotion on your blog and affiliate link posting on YouTube have a lot in common. As a result, you shouldn’t use affiliate links solely for financial gain in your YouTube videos. Keep in mind that viewers will only click on these links if you appear to be a trustworthy source.
To gain trust and more subscribers, assist your audience in solving concrete problems and providing tutorials. You can also make videos that demonstrate how to solve problems you’ve already solved.
There are a plethora of affiliate programs from which to choose. You can join multiple affiliate programs in one place by using a popular affiliate network like Shareasale or Awin.
The best way to maximize revenue is to start a blog in tandem with your YouTube channel and include affiliate links there. You’ll be able to monetize YouTube while maintaining control over your own website.
The first step in starting a blog is to sign up for Bluehost web hosting.
Bluehost is the “official” web hosting platform recommended by WordPress.org.
Follow these steps to get started:
- Select Get Started from the drop-down menu at Bluehost.com.
- Choose a hosting package. If you use my link, it will cost you $2.95 per month.
- For your website, either create a new domain name or use one that you already own.
- Complete the account information, billing information, and account plan fields.
- It is possible to disable the Sitelock Security and Codeguard Basic add-ons.
You’re ready to go once you’ve clicked Submit.
Take a look at Bluehost.
2. Become a YouTube Partner and earn money through ads.
For many YouTubers, ads are their primary source of income.
As a YouTube Partner, you can make money in a variety of ways. Ads before your videos, subscriptions to your channel, and Google AdSense banner ads are all ways to earn money.
Before becoming a certified YouTube Partner, however, there are some ground rules to follow and some prerequisites to meet. In addition to adhering to YouTube’s ad rules, you must have 1,000 subscribers and 4,000 video watch hours on your channel in the last 12 months.
For completing these 4,000 hours, there is no set schedule or format. You can get 100 hours from each of the 40 videos, or you can combine the two for a total of 4,000 hours.
For example, it took five months for Gangnam Style, a popular international hit, to reach one billion views. Despacito, on the other hand, didn’t waste any time, reaching one billion views in just 97 days.
You can start earning money from ads after completing the 4,000-hour requirement and earning your spot as a YouTube Partner.
You can now monetize your videos on YouTube if you see a green “$” next to them in your Video Manager.
YouTube Premium, which provides viewers with ad-free viewing in exchange for a monthly fee, continues to support creators by paying a percentage of total watch time.
However, you may not always be able to generate revenue solely through YouTube advertising. You can increase your earning potential on YouTube in a number of ways.
3. Fund your YouTube channel with money from your fans.
If you’ve built a loyal following, encourage them to crowdfund your channel. This will assist you in both funding and profiting from new videos.
Patreon, for example, streamlines the process of getting paid for your work. For as little as a dollar, your fans can subscribe to their favourite channels and receive exclusive rewards from their favourite content creators.
Another service that lets you make one-time and recurring donations is Tipee.
For-profit and nonprofit channels alike use fan-funding from their audiences to keep their video operations running smoothly. If your content is interesting, entertaining, or valuable, you’ll be surprised at how generous your audience becomes.
4. Become a YouTube SEO expert.
This year is the time for video creators who haven’t yet built a significant following to step up their game and maximize their YouTube SEO.
To do so, conduct keyword research as usual, but consider it from the perspective of what people are looking for on YouTube. After that, double-check that your video’s title, description, and tags all include high-value keywords.
Once your channel is up and running, you can look at the “Traffic Source: YouTube search” report on YouTube to see what people are looking for when they come across your hosted videos.
For terms like “how to,” “reviews,” “tutorials,” and “funny video,” Google typically returns video results.
There are five other important YouTube SEO ranking factors to consider:
- The total number of responses received
- They subscribe after watching a video.
- Thumbs up to thumbs down ratio
- the length of the film
- The percentage of people who go to YouTube’s search results and click on them.
5. Maximize the effectiveness of your YouTube marketing funnel.
Improve the sales potential of your YouTube channel. Select a niche, become a YouTube partner, and begin planning your marketing strategy.
While using the youtube to spread your message is one option, combining it with a blog can help you earn more money. This will allow you to collect more email addresses and, eventually, sell products to your fan base.
Repurpose a blog post about an affiliate product you’re promoting, for example, by including a YouTube video in the post.
Send users from YouTube back to your blog and the affiliate links to earn commissions and grow your blog readership.
Connecting your YouTube channel to an eCommerce platform like Shopify is another great option for selling merchandise. Here are some excellent YouTube merchandise stores from which to draw inspiration.
6. Make a name for yourself on Amazon as an Amazon Influencer.
Amazon’s influencer program is gaining traction. You can monetize your YouTube (and other social media) presence by recommending Amazon products through this influencer program.
You’ll be able to write product reviews and recommendations after joining the program, as well as send your viewers to Amazon to make purchases using affiliate links. When your viewers click through to Amazon and make a purchase, you get a cut of the commission – typically 8-10 percent.
However, not everyone is eligible for this program. The likelihood of approval is determined by the number of social media followers and other metrics.
7. Look into the advantages of YouTube Red Subscribers.
YouTube Red is a $9.99 subscription service that allows users to watch YouTube without ads. Even without ads, content creators can still make money and earn 55% of revenue based on view time. The jury is still out on whether YouTube Red increases or decreases CPM rates.
With YouTube Red, your watch time matters, so go to YouTube Analytics to check out your statistics like watch time and video engagement.
