Self-made celebrities today are YouTubers – people who have earned an audience by creating educational, entertaining, and entertaining content.
Almost all of these small-screen celebrities make movies and shows just so they can fulfill their itch to be creative and in front of the camera.
If you start a YouTube channel for no other reason than to earn money, then you will be surprised at how many opportunities there are to earn money.
Instead of being open to anybody with 10,000 lifetime views, YouTube now reserves monetization for those with at least 1,000 subscribers and 4,000 watching hours within the past year. Do not worry, even those with a small following can make money on YouTube without the monetization.
We should look at monetization before we dive into that. YouTube allows channels to make money from advertisers through its 1.5 billion active monthly users. Users can earn money from viewership by connecting their AdSense accounts. Most people make $1 for every 1,000 views for YouTube, while some full-time YouTubers make millions.
Ways to Start Monetizing from YouTube
Your YouTube channel’s earning potential may be uncovered by your audience, just like Instagram or blogging. It’s also easier to monetize a side business when you create multiple revenue streams.
Fortunately, there are several methods to Start Monetizing from YouTube:
1. Become a YouTube Partner and earn money from ads
Ads are likely to be your first revenue stream. Whether you’re a content creator or not, you should join the YouTube Partners Program and set up monetization if you want to earn money on YouTube. Once you have 4,000 watch hours and 1,000 subscribers, you can Start Monetizing from YouTube.
On YouTube, how to enable monetization
- To monetize your YouTube channel, you need to sign in.
- In the top right corner, click the icon for your account.
- Go to YouTube Studio.
- Select Monetization from the left menu.
- The YouTuber Partner Program terms and conditions must be read and agreed to.
- Connect your AdSense account to your channel or sign up for one. Earn money from AdSense only if you are logged in.
- Decide how you want to be monetized.
When you’re done, click on the Analytics tab on the left-hand side of your dashboard. Then, you’ll want to choose Revenue from the top menu and scroll down the page to the Monthly Estimated Revenue chart to see how much you are expected to earn.
2. Join an affiliate program
By linking to a company’s products, you are partnering with them. You get a small percentage of every sale made through your link when a customer purchases the company’s product.
Amazon Associates is one of the most popular affiliate programs. It’s easy to set up and can be done quickly and easily. But for people to purchase the product from the link, the hardest thing is to get them to click on the link. You might have difficulty doing that if you don’t have a large following, but it’s not impossible, especially if you have a small one that’s very engaged.
3. Make your own merchandise
Content creators often identify as entrepreneurs secondarily. Remember, even Drake makes money from selling t-shirts.
Alternatively, you may be a video creator first and an entrepreneur second, meaning you already have a product and plan to market it through YouTube.
You can earn money from YouTube by selling merchandise either way.
4. Collaborate with brand partners
Even if you don’t have a large following, brands will pay you to film using or reviewing their products. Marketers trying to reach that niche audience may be willing to pay you if you have a niche audience that trusts you.
5. Develop sponsored content
To be an influencer, you don’t need to have an Instagram account. #Sponcon has the advantage that you can earn money without giving YouTube a cut. By negotiating with brands directly, you achieve a direct payout. YouTubers make a lot of money this way.
You are probably interested in hearing from brands if you can offer them a large and/or engaged audience as well as content that is relevant to their target market.
6. Have your fans pay you directly
Several streams of income are included in this YouTube income strategy, but they all have one thing in common: you have to make it easy for your fans to pay you with their credit cards.
7. Become a crowdfunding pro!
Fundraising is an effective way to make a dream come true when money is the only barrier to execution.
Your own audience and the crowdfunding community can provide support if your idea is compelling enough, whether you need funding to buy better equipment, hire actors, or cover other production costs.
People tend to be interested in crowdfunded creative projects that offer a taste or teaser, so shoot a video that explains your project.
8. Licensing your content with the media
You can license your content in exchange for money if you create a viral video that has mass appeal, such as a funny video of your dog.
The media might contact you about the rights to use your viral videos if they happen to go viral.
A marketplace is another way to share your videos, which can make it easier for the right people to find and buy your content.
Considering monetizing your YouTube channel?
Most creators are not motivated by money to create. They are motivated by the idea of making something that people will enjoy.
In a world obsessed with content, that puts them in a great position to actually make money.
The hard part for most businesses is getting and keeping their audience’s attention, but YouTubers have already mastered it.
Getting creative with how you decide to monetize your passion is all that remains – to channel your entrepreneurial spirit.
Also Read: How to Start Dropshipping Business in India