YouTube is half the Internet: 1.9 billion users sign in each month. But at the same time, there are 500 hours of video uploaded to the site every minute.
So, you already know that making money on YouTube is not as easy as buying a Swiss watch with advertising revenue for YouTube views.
Read on as we’ve listed six ways for you to earn revenue from your YouTube channel.
Become a YouTube partner
The YouTube Partner Program is a way for frequent YouTubers to access special features on the platform. The good news is, you don’t need to be a partner to make money on YouTube, but being a partner makes it easy to make money.
Step 1. Start the channel
Don’t worry, the process isn’t too hard. You can create your first YouTube channel in a few minutes.
Step 2. Make your channel successful enough to meet the YouTube Partner Program requirements
To join the program, you need at least 1,000 subscribers and 4,000 watch times in the past 12 months.
Step 3. Set up an Ad Sense account
This is very simple. Just follow the official YouTube AdSense account guide.
Step 4. Explore new monetization features
Each monetization channel has different eligibility requirements.
Step 5. Submit an ongoing comment
According to a social media Los Angeles agency, as a YouTube partner, your channel needs to maintain a high standard. Not only do you follow the YouTube Partner Program policies, but you should also abide by the community guidelines. Not to mention remaining on the right side of the copyright law.
Sell your goods
Maybe you are first identified as a content creator and you rank as entrepreneur second.
Or, you are first an entrepreneur, and secondly a video creator, which means you may already have a product, and you are designing your YouTube marketing strategy to sell it.
In short, merchandise is a viable way to make money from YouTube.
Step 1. Imagine and design your product
The products on your channel are intended to represent and satisfy your association with the audience. It means that your goods should be unique.
Step 2. Get and build your product
In most cases, you need a manufacturer, supplier, or wholesaler to manufacture and deliver your product. Most of the suppliers will provide it to you, and some suppliers will handle it by themselves to avoid the hassle of inventory, shipping, and return.
Step 3. Create a store and login page
You need a separate website to handle the purchase. If you would like to link it directly with your video, please refer to YouTube’s list of approved product websites.
Step 4. Enable your YouTube partner merchandise shelf
The YouTube partners can also use the shelf feature to sell items on their channel. If you are eligible, please follow the YouTube instructions to enable it.
Step 5. Promote your product in your video
This is your charm. Wear or use your item in your video. Feature a viewer who has purchased and has used it.
Create sponsored content
You don’t have to be an influential person on Instagram. The benefit of the #sponcon strategy is that you don’t have to reduce revenue for YouTube. You negotiate directly with the brand, and it pays directly to you.
Step 1. Find the partner’s brand
Quality is important. You may already have a wish list for your dream brand. Whether you’re aiming for a star or building your own grassroots style, make sure to improve your branding before sending it.
Step 2. Make a deal
According to a recent study, videos are on average the most expensive type of sponsored content that brands can buy from influencers. So, it’s a real deal to spend time building your channel.
Step 3. Be transparent with the #sponcon #ad
Sponsored content is advertising. It means you need to make sure you’re in sync with Google’s advertising policies.
Let your fans pay you directly
This strategy of making money on YouTube includes several different sources of income, but they all have one thing in common. You must make it easy for fans to express their appreciation with credit cards.
Step 1. Hosting people through a live chat with super chat
In early 2017, YouTube replaced the previous Fan Funding feature with Super Chat. And, this feature is only available to YouTube partners.
Step 2. Encourage fans to become channel members
YouTube allows your viewers to pay to become a member of your channel. In exchange, they can get custom emojis, badges, and access to exclusive information for members only, such as Live Chats.
Step 3. Encourage fans to become YouTube Premium subscribers
This step is the last in our list of strategies because it only indirectly benefits your channel. It means that when YouTube Premium members watch your channel, you can reduce your subscription costs.
Continuous or one-time use of crowdfunding
Online collection of donations is now a commonplace. Whether you want to earn a continuous income from a small monthly contribution, or if you’re going to fund individual channel-related projects, crowdfunding is how many YouTubers make money.
Step 1. Set up a crowdfunding account
YouTube has a range of approved crowdfunding sites to choose from.
For recurring funding, Patreon is the first choice. At the same time, sites like GoFundMe or Kick starter are best suited for one-time activities to get a new microphone, or a new laptop, or a new…spleen.
Step 2. Promote your campaigns in your videos
Describe your specific goals so that people know exactly what you can expect after success.
Step 3. Beyond YouTube
A successful event is a multi-platform event. We’ve provided some suggestions on how to promote your YouTube channel (and extensions, crowdfunding campaigns) elsewhere.
License your content to the media
When the video is broadcast, each news media wants to get a copy for the viewers to replay. Fortunately, social media Los Angeles companies know that they need to pay for what they use.
Step 1. Update your contact details on the About page
You never know when highlighting will happen. Even if you don’t have a business manager, you can set up a generic email account for business queries.
Step 2. Register the video rights market
Drive Traffic Media is a good starting point. Even if you don’t have viral videos, the media often needs timely videos to refine their stories.