How do you make money on YouTube? Your channel needs some
traffic before you start making money. BUT if you use these strategies
correctly, you don't need millions of views to make a living from YouTube.This
article will cover the business aspect of YouTube. You can apply one or several
of these methods to your channel. Here are 6 ways to make money with YouTube!
1.
Google Adsense
The most obvious choice is to make money by servings ads on
your videos, which can become a form of passive income. Ads can play before
people watch your video, throughout the video or at the end. Sometimes you can
have multiple ads play on one video.
What
affects your CPM?
Tips to raise your YouTube CPM
Requirements:To
put ads on your channel you must have at least 1000 subscribers and 4000 hours
of overall watch time on your channel within the past 12 months.
2.
Affiliate Marketing
Affiliate marketing is the process of earning commission for
promoting a companies products or services.
Many of the top YouTuber's always say "click the link
in the description to buy ____". Sometimes that is an affiliate link. And
if you purchase the product through their special link they will earn a
commission.
You can do affiliate marketing for any genre or channel and
it's very effective if the product or service resonates with your audience.
To give you an example, Amazon has an affiliate program.
When you get accepted you can promote anything on Amazon's website and receive
up to 10% commission.
There are many companies that have affiliate programs.
Usually it says on the footer of their website "affiliate" or you can
type: "Company nameaffiliate program" into google.
3. Selling Products
This is another more obvious way of making money through
YouTube. You can sell merchandise and clothing to your loyal fans who want to
support you.
Many high level YouTuber's make most of their money through
merchandise. In fact, Logan Paul said that he made over $1 million in ONE day
on Black Friday.
To sell merchandise you can find a supplier locally. You can
also find a print on demand service such as TeeSpring, Spreadshirt or many
more.
4. Sell Informational Products
Online education is on the rise and people are spending lots
of money in this category.If you run a successful channel or have some
knowledge that your viewers would like to know, you can sell a course, ebook or
consulting to your audience The best part is you don't need lots of views to
make money from this. If you're doing consulting for example, you only need to
convince a handful of clients and can charge them a lot of money. For your
product to be successful you should over-deliver on the price they paid for it.Some
genres of YT channels have better opportunities to do this (i.e. cooking, DIY,
business channels), but you can actually sell a course about anything you know.You
can create a course with Teachable which is what Graham Stephan uses, a
YouTuber who makes over $100,000 month from YouTube.
5. Sponsorships / Brand Deals
Many brands pay a good amount of money for YouTuber's to
place their products somewhere in their videos or mention a few good words
about it.
One example is tech review channels where YouTubers talk
about new products and review them.
If brands are not reaching out to you yet you can still get
sponsorships but you have to reach out to them. To form these relationships you
need some type of audience established. Then you can email brands and ask if
they have an influencer program. Then you can negotiate and see if they're
interested in working with you.
6. Donations
Sometimes YouTuber's have their channels completely funded
by donations from their fans. Patreon is a service that lets your fans pay a
membership for you (example $5/month). You can also give fans incentive to sign
up by offering them exclusive videos or benefits.Some genres that do this are
documentary channels, channels that have their adsense disabled, creators that
want to focus on quality content (not clickbait stuff) and many more.
Final Words
Whether you're already monetized or plan to on the future
it's good to plan out your options. You can also combine some of these and have
multiple flows of income.Some channels will be better suited for these
strategies than others but it's good to be aware of all them.If you want to
keep learning about YouTube and make engaging videos, I recommend this 20
minute course on Skillshare. If you make an account with that link you will get
the course for free. Check it out!