YouTube is the second-largest search engine in the world, and the number of daily viewers means the opportunity of making money is enormous. Granted! Making money on YouTube isn’t the easiest thing to do. Owning a channel, posting videos week in week out is already a hard task. Hence, monetizing your channel seems like a hurdle most YouTubers aren’t ready to pass through.
However, making significant income out of YouTube isn’t as hard as most people think. With the trick contained here, you’re on course to making your first dollars or buying a fancy swiss wristwatch from your revenue. Read on as we explore five easy ways of making money on YouTube.
To be able to earn a significant amount of money on YouTube, you will need to monetize most of your videos. The opportunity means your YouTube video will be allowed to convey ads. Monetization requires your video to be unique and free from any copyrighted material.
To monetize your videos, go to “my channel” on the YouTube website and select “video manager.” Select “channel” and enable the monetization option. The minimum requirements needed to start earning money is 1000 subscribers and 4,000 watch hours.
You can also monetize a video as it’s uploaded on YouTube. Click the monetization box and enable the option that says “monetize with ads.” Videos can be monetized at any time, even after they’re uploaded.
However, the requirements for monetization remains a stumbling block for those just getting started. You’re required to have recorded a minimum of 1000 subscribers and 4,000 view hours within 12 months before your request for monetization can be reviewed.
With this, it means you will have to work immensely to build your followers and get more people to view your content. Video optimization can get you a lot of views, as traffic will generate from search results. However, if your content is trash, viewers will walk off a few minutes into watching.
Hence, you have to take your time to create high-quality videos and research on topics that will appeal to your audience. Reaching the required threshold may take some time, but if you’re consistent, it’s possible within the stated duration.
Partnering with YouTube seems like a complicated task, but you don’t necessarily have to partner directly with the brand to make money on their platform. You can make a sizeable income on YouTube by setting up an ad Account and getting some earnings from the views you get.
However, partnering with the platform gives you access to multiple income sources. Not only will you earn some money from Adsense, but you get a compensation fee when viewers subscribe to your channel.
Just like video monetization, you also have to reach at least 4,000 view hours and 1,000 subscribers within 12 months. This requirement Doesn’t apply if you want to apply for AdSense, but you still need to attain a certain level of performance before your AdSense request is approved.
As a YouTube partner, you must be at least 18 years of age to benefit from ad revenue. Secondly, your video must meet all ad requirements for YouTube to continue streaming ads on them. YouTube premium revenue comes if a premium YouTube member watches your video, but you can also get a percentage from the total fee generated from a subscription.
Another income source for YouTube partners is from merchandise and channel sales. To be able to do both, you should be 18 years and above. You should also have a minimum of 10,000 – 30,000 subscribers to qualify.
Even after reaching the minimum requirements, your channel is reaudited to ensure it meets the community standard. Hence to maintain your membership status, you must be on its right track at all times.
YouTube rewards content creators for the number of views recorded on their videos. The rewards are only possible if you monetize your channel using AdSense. You can use YouTube ads to promote your videos, but organic traffic can come from social networks, blogs as well as online forums. You can also embed a link to your YouTube video on your website so viewers will be directed to your channel once they click on the link.
However, avoid spamming as this will result in fewer views if you get reported. You should know that your AdSense income hinges on the number of views every video receives. Calculate it by reviewing how many times viewers click on the ads and the level of engagement generated.
Depending on the level of engagement recorded, you can earn between 10 cents to $10 for 1,000 views, but you make more if your viewers can watch your video till the end. Hence, AdSense Doesn’t depend on clicks alone but has a strong consideration for watch hours.
You can also leverage YouTube to sell your products, but you will have to build a reputation as a content creator before transitioning to an entrepreneur. If you have a product, you can use YouTube marketing to sell it.
After creating your product, you will need to create a store or sales page where the purchase is handling promptly. But if you’re already a YouTube partner, you can direct buyers to your merchandise shelf where all sales happen.
To increase conversion, you can post a promotional video of the product on your channel and add video testimonials from previous users as a way of winning buyers’ trust.
Creating sponsored content is mostly done by Influencers, but you don’t have to be one if you have the required skill. The Advantage of this is that you’re paid directly by the brand provided you meet their expectations.
Most brands require skilled individuals to generate more engagement by promoting content that is relevant to their targeted audience. Once you find a brand to partner with, strike a deal, and make them understand the possible results that will realize before getting started. When creating sponsored content, ensure they’re in line with the community standards.
YouTube provides several opportunities for content creators to earn money. While Most people depend on their AdSense earnings, leverage on the tips mentioned here to earn passive income from your YouTube channel.
Date: December 14, 2019 / Categories: View Tactics, / Author: E O
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