YouTube is one of the most popular online platforms having more than 2 billion logged-in users. To make money on YouTube, the content creators catch the attention of these users with their creative and engaging videos.
You can be one of the many YouTubers who make money on YouTube if you have a passion for creating videos that help, inform, or entertain people.
You can earn good revenue every month by monetizing your YouTube channel in multiple ways. Do not know what the best monetization ways are?
In this article, we will review different monetization strategies that you can use on your YouTube channel.
You will need to drive traffic to your videos to gain subscribers and make money. You want to find the keyword terms that offer good traffic but are not too competitive. This will allow you to get your video ranked quicker.
Keyword research is a big deal so check out our video to make sure you do it correctly. We do use VidIQ for most of our keyword research for YouTube.
YouTube is one of the most popular platforms where reaching the top requires a lot of struggle and hard work. Still, the following channels made it to the top with their unique and creative content. It only takes one viral video to get your name out there. According to Forbes, the highest-earning YouTube channels of 2020 are:
The first thing you need to decide before you start to make money on YouTube is what profitable niche will you pick. To help you, we have created this list of the top 20 niches.
There are a ton of how to niches so no comprehensive list
You can find niches on YouTube that you do not have to show your face at all. Many people do not want to start a YouTube channel because they do not want to show their faces.
We will review the niches that you can go into and not have to show yourself on camera.
The best course on this is YouTube Mastery by Matt Par. This is the course I took to get started on YouTube.
There are several ways you can make money on YouTube. Some of the most popular revenue streams are described below.
One of the most popular ways people earn money on your YouTube videos is by joining YouTube Partner Program (YPP). It allows you to run ads at the start or during a video. Adding ad revenue to your channel can significantly increase the amount of money you can make.
Advertising companies pay you based on the number of clicks and impressions. To become a part of this program, you will first have to fulfill their requirements (we will discuss these requirements in the next section).
You may be asking how much money can I make with ads?
The rate you can get paid on YouTube varies. The rate an advertiser will pay varies on the niche. Here is how much money you can make on average:
If you are unable to run video ads on your channel, then do not worry there are other options available.
Another way to make money on YouTube is by promoting affiliate products by putting their links in the video description.
For this, you will have to sign up with each company’s affiliate program. You will get an affiliate link for each product, course, or service that you promote for them.
The more YouTube views you get the more potential customers that will click and buy using your affiliate links, the more money you can make. Make sure these affiliate products are related to your niche.
This method of earning money on YouTube is one of the most profitable ways to make money. If you are an expert in a field (if not an expert, then start learning or pay an expert), create a course to teach people what you know.
Let us just say you know how to set up a website to rank number 1 on Google. Next, you need to set up a course to show people the exact steps to rank a website on Google. Then you sell this course online to make money.
There are thousands of things people are looking to learn online.
Start with teaching basics on your YouTube channel. If you share authentic knowledge and have a good teaching manner, then people will automatically start liking your videos. Once you notice that more and more people are getting engaged on your channel, then create a course and sell it.
People will gladly pay for a course if your teachings work.
Course creation is not too hard. You can use platforms like Udemy or teachable to get your program going. There are also course builders that you can add to your website to create the best course. We have listed a few below with details.
You can sell merchandise by making product tutorials or reviewing videos. These products can be a product you developed or products of any brand.
Brands will pay you if you provide them with more exposure and increase their sales.
In a tutorial video, you can tell how to use, pros, cons, benefits, and features. And in a product review, you can physically show the product in front of your audience to give them a better hands-on experience.
Ryan Kaji does this exact thing and makes $29 million.
If your channel is popular and you have a good number of subscribers’ then different niche-related companies can reach out to you and ask you to promote their products in your videos.
They will pay you a fixed amount in return.
Sponsorship is more popular in the beauty and fashion niche. There are many companies that pay exceptionally well if you have a good number of subscribers.
Another option to earn money on YouTube is by live streams and live chats with your fans and audience.
In this monetization method, your subscribers will pay a monthly fee to get a custom badge or an emoji during a live stream. It will highlight their comment and make them prominent during a live chat. They can also pay you in chat, as well.
You can set up channel memberships that allow viewers to join your site for exclusive perks for a monthly payment. The membership with YouTube is free to use, but it comes with a cost. YouTube takes 30% of whatever membership tiers you have set up on your site.
YouTube has set some rules and requirements for content creators. You cannot monetize your channels unless you follow these rules and fulfill their requirements. According to the latest policies, you can start earning from your YouTube channel if:
You need to use smart and effective ways to sell your products through YouTube videos. Do not make it too obvious or pushy because your audience will start to get annoyed.
The following are the best ways that we know to help you to promote products the right way.
The amount of money you make per 1,000 views varies from niche to niche. It also depends on the location of your viewers and the audience type.
On average a YouTube channel can earn $3 to $5 per 1,000 views on videos that are monetized by ads. It may seem a small amount. But once you start creating engaging content and promoting your videos, you will be surprised to have 1,000 plus views per day easily.
YouTube will pay 68% of AdSense ad revenue to their publishers.
There are niches that have a much higher payout. Some niches can make much more than $3 to $5 per 1,000.
Check out the highest-paying YouTube stars to see how much they make.
Growing your YouTube channel seems very frustrating if you do not know how to grab the audience’s attention and encourage them to press the “subscribe” button.
If you are a beginner, you may have only a few new subscribers per week. The key is to get better every week and post videos that help your customers or at least entertain them.
We have listed below the best ways to help you increase your YouTube subscribers and earn more.
You can send users back to your website. There you have more freedom to hopefully get them as a long-time customer.
Setting up a website and using YouTube to help drive traffic is the best way for you to maximize your potential for making money. If someone watches your YouTube channel, then goes to the next channel you lost that customer.
But if they watch your video then go to your website you have a good chance of gathering their email and gaining trust to sell them something later.
Video creators are making thousands and millions of dollars every year by creating videos that are creative and engaging. You can be one of them if you act on the information shared above.
Taking the first step is the most challenging task. Set up a YouTube account today and get started. Pick a niche and set goals at the start, you will face fewer challenges and be able to grow your channel in a shorter time.
If you need the training to help you get started on YouTube, we recommend YouTube Master by Matt Par. This is how we got started on YouTube.
