YouTube’s popularity as a source of content has skyrocketed. YouTube has about 2 billion monthly active users who watch one billion hours of video daily. Is it any surprise that YouTube celebrities have more power than traditional celebrities?
YouTube, the most popular video platform on the internet, is all about videos of people sharing their thoughts and ideas. It seems as if it would be hard for one person to make a living from just YouTube, but many people are doing just that. There are plenty of ways to make money using YouTube.
How to earn money from YouTube: 8 Effective ways?
Who knew the basic concept of YouTube involved making money? It does, and it’s not as complicated as you might think. There are 8 ways to earn money from YouTube, according to various sources and well-known YouTubers.
Table of Contents
i. Join YouTube Partner Program
YouTube is the most popular video platform on the internet, which means that a lot of people make money from it. You can earn money by setting up an AdSense account, but if you want to make more money, you need to become a YouTube Partner.
If you are under 18 years of age, it’s illegal for you to work in the United States, so unless your parents have allowed you to work in the United States, YouTube Partner Program is unavailable for your use.
The YouTube Partner Program is free, and lets partners earn money from advertisements that appear on their videos. The program gives partners access to additional revenue sources like live streaming and merchandise, which they wouldn’t be able to access without being partners.
ii. Sell Your Merchandise
As a member of the YouTube Partner Program, you can sell merchandise and related items on your channel by taking advantage of the associated revenue streams. The merchandise and selling options available range from T-shirts, hats, stickers, and more.
When you upload a video, there will be an option for “T-shirt & Merchandise” at the bottom of the page. When you select the option, it will ask for your shirt size and your shipping address.
YouTube partners can customize their T-shirts by uploading images or designs of their choice and then changing the price and color they want the shirt to be to make it sell better among customers.
iii. Create Sponsorship Content
YouTube Partners can also sponsor videos and sell advertising on those videos. Sponsored videos are a great way to get a message out to an entire audience and generate gains, and they are also a great way to reach your viewers more efficiently.
A sponsored video is anything you can do on your channel that involves promoting another product, service, or brand. You can create a video tutorial, interview someone who has something to say about their product or service and communicate it through your channel.
YouTube allows you to monetize in the form of advertising on videos in exchange for your endorsement and spreading awareness about what another brand wants their product known for.
iv. Become An Affiliate Partner
Besides selling merchandise and creating sponsored content, you can also become an affiliate partner. As an affiliate partner, you can earn money by promoting products on your channel and encouraging viewers to buy them.
Becoming an affiliate partner involves using links in your videos to take people to the product page on places like Amazon or a similar site where they can make a purchase. The commission for these sales comes from the company whose product is sold.
v. Offer Channel Membership
YouTube Partners can also offer Channel Membership to their fans, which is a way to make money by selling YouTube subscriptions.
Channel Membership can be offered as a reward or incentive for watching longer videos on a channel like an interview with a YouTuber, a recipe tutorial, or even a review of products offered by you or another company.
The price and duration of the subscription will depend on what you are doing and how much it costs to create the product. The YouTube Partner Program allows you additional revenue sources like live streaming, which they wouldn’t be able to access without being a partner.
vi. Monetize Live Streams Via Super Chat
YouTube Live is another monetization option, and it’s more valuable to live streamers than to regular YouTube channels. Live streams can be monetized by offering Super Chat, which is messages that a viewer can send during a live stream.
When you have an audience watching your stream, and they choose to send you a message, that message will be considered a Super Chat, and the revenue it generates will go directly to the channel hosting the live stream.
vii. License Your Content to media
One of the most important ways to make money with YouTube is by licensing your content. Licensing your content involves partnering with a traditional media company or entity in exchange for cash, granting them the right to use and distribute it.
This is beneficial if you already have an audience on YouTube or want an easy way to gain some cash. It works best when you already have a large following on YouTube because companies will want to pay more for your videos if they know how much impact they can make on their audience.
viii. Become A YouTube Influencer
An influencer is a broad term that encompasses many of the partners and creators who have been able to make a living on YouTube. It describes anyone who has been able to gain a following on the platform. Still, it can also tell someone whose content has become part of an online community with which others are familiar.
Anyone can become an influencer, but it takes time and dedication. You must produce original content and build up your following through social media sites like Twitter and Instagram.
Once you have enough of a following, you can start producing original content for YouTube or even see if brands will pay you to promote their products or services.
Conclusion
You can start making money from YouTube in many ways. The way to go depends on what you want, what you have, your audience, and your level of commitment. It also depends on how viable the option is for you at the moment. YouTube is the leading