There are several ways of earning online which include blogging, freelancing and YouTube cannot be left out while listing the top ways of making money online.
Over the years, so many Billionaires have emerged in the break light using YouTube as their source of income. These guys uses YouTube to upload Comedy skits, sponsored promotional videos, advertising products, and lots more. In the midst of all these, many are still left out with the idea of making money through YouTube. If you find yourself among this category of people.
YouTube is a free video-sharing platform that was launched on 14th February 2005 in San Bruno where users can watch, like, share, comment, and upload videos.
Content creators, vloggers, skit makers, etc. earn more money using YouTube to reach their audience by uploading their content. The most interesting part of YouTube is, you don’t have to pay any dime to register. All you just need is your Gmail account and you are good to go.
Take a cup of coffee and sit as I reveal Ways you can make money using your YouTube Channel.
Table of Contents
How To Make Money on YouTube?
There are many ways you can make money using YouTube which I will be listing out 4.
1. YouTube Partner Program / Google Adsense
YouTube partner program is one of the biggest ways you content creators earn from YouTube but before that, certain requirements qualify you to participate in this program.
- You must get at least 1,000 subscribers.
- You must get 4,000 valid watch hours in the last 12 months.
- You must reside in any eligible area.
- You will also need to create a Google AdSense account. If you have already, you link it to your YouTube account.
- See full requirement by YouTube HERE
Once you meet the above-listed requirements, you can apply for a YouTube partnership and start making money through Super Chat and Super Stickers, Ads, Membership Perks, etc.
2. As an Affiliate Marketer
This is another way of monetizing your YouTube channel. It usually works for those who have the intention of making reviews about products. Below is how the Affiliate program works.
- Search for any company or platform that has an affiliate program like ShareASale, ClickBank, or Amazon, apply and wait for the approval.
- When approved, create custom links to your preferred products.
- Advertise the products on your YouTube, and provide you custom link(s) where people can purchase the products in your Description.
As an affiliate Marketer, you earn commissions when anyone clicks on your custom link(s) and purchases the product you advertised.
3. YouTube Shopping
YouTube Shopping is another interesting way of making money on YouTube. YouTube Shopping allows members to promote their products or other people’s products or brands in their videos. Before you can start doing this, you must meet the requirements which I will list below.
- Your YouTube must be approved for Monetization.
- You must have above 20,000 subscribers.
- You must reside in India, Brazil, the United States, or the United Kingdom.
- Your Channel must not be a Musical Channel.
- Your Channel must not have videos that violate Channel Monetizing policies.
Once you meet the above-listed requirements, you are set to start YouTube Shopping by placing the product on a product shelf or overlay below your videos, shorts, and live streams.
Also Read: How To Download Non-copyrighted Images on Google
4. YouTube Shorts Funds
YouTube Shorts is a new program created for content creators that shoots and share shorts, you can leverage this to make more money on your videos.
YouTube Shorts Funds was created to give content creators access to $100M across 2021 and 2022 to reward them for their contribution to YouTube’s community.
According to YouTube “Every month, we’ll reach out to thousands of creators based on their channel’s Shorts performance in the previous month.
Creators can qualify for a bonus of between $100 and $10,000 from the fund, with the amount adjusted based on performance metrics like monthly channel Shorts views and where their audience is located.”
How Much Can I Earn on YouTube?
Apparently, as a YouTuber, you can earn around $18 for every 1,000 views, which amounts to $3 to $5 per 1,000 views.
According to Forbes, in 2020, Creator Stevin John earned $17 Million from 8.2 billion views and 27.4 million subscribers. This shows there is money on YouTube.