YouTube is the best platform in the world for creating and promoting videos. With around 122 million daily active users consuming billions of hours of content each day, there’s no better place to make videos and build an audience.
Some people create YouTube channels to promote their company or freelance services whereas others do it as a hobby. Either way, you should learn how to make money on YouTube channel.
As long as you have an audience of loyal viewers, there are many great strategies to make money on YouTube channel.
Some people think the only way to monetize your channel is with ads, but there are various other sources of income that popular YouTubers use to make hundreds or even thousands of extra dollars every month.
Here are 5 effective ways to make money from your YouTube channel.
Make Money From Ads
The most obvious way to make money from your YouTube channel is with ads. Advertisements are regularly played before YouTube videos, and YouTube will pay the owners of channels a cut if they’re part of the YouTube Partner Program. This is an excellent way for channels with high view counts to make extra money.
Unfortunately, the YouTube Partner Program has high eligibility requirements and it also takes a ton of views to make a sizable amount of income this way. Fortunately, you can rely on other advertisement programs. Many people monetize their channels with Google AdSense or other ad providers.
You can even sell advertising space directly. Many companies pay popular YouTube channels to advertise their products or services within their videos.
If you have a popular YouTube channel catering to a certain audience, you might even want to reach out to brands and pitch why they should pay you to promote them.
Some brands will pay you money for promoting them whereas some will give you freebies.
Affiliate marketing is another fun way to start making money from your YouTube channel. This entails linking your users to certain products or services via a referral link, usually placed in the video description.
For every sale made via your YouTube channel, you’ll get a small percentage of the earnings, which can quickly add up if you refer enough people.
Amazon Associates is the most popular affiliate marketing program YouTubers use. This allows you to link to products all over Amazon and encourage people to buy them via links from your YouTube description.
Some YouTubers make videos on their top 10 products for certain categories to make money this way.
Various other affiliate marketing programs are also available, such as ShareASale and ClickBank. Many companies also give popular YouTube channels discount codes to promote to their viewers in exchange for a cut of the sales from the customers they refer.
If you have a channel that naturally involves promoting products, such as makeup, travel, or fitness channels, this is a smart way to start making extra money.
Sell Products Or Services Via Your Channel
If you have a successful YouTube channel with many loyal viewers, you can also make money by selling products or services directly to them via your videos. Many companies use YouTube specifically to promote what they’re selling.
However, even if you’re running a personal YouTube channel, you can still create products to sell to your viewers.
YouTube channels based on certain skills, talents, or hobbies often make extra money by selling services to viewers. For instance, channels about marketing can offer tailored marketing services to businesses via their videos whereas fitness channels can offer online personal training.
Companies can even link viewers to their online store, encouraging them to purchase their products or services.
Even if you have a YouTube channel simply for vlogging or sharing your passions and interests, you could make money via merchandise.
Make Money With Crowdfunding
Many YouTubers are purely focused on delivering entertaining content to their viewers and aren’t interested in selling them anything.
However, even if you’re offering nothing but pure entertainment to your viewers, you could make a little extra money by asking them to donate to your channel.
YouTube viewers are often willing to donate to their favorite content creators. You can use a platform like DonorBox to allow users to donate whatever they see fit to your channel to support you.
You could also add a PayPal donation link to accept donations directly via PayPal. You might want to offer donors something in return, such as a shoutout in your video or extra content.
Many YouTube channels also use subscription platforms such as Patreon to allow their users to pay monthly in exchange for certain incentives.
For instance, you might want to give your Patreon subscribers special, behind-the-scenes content or access to an exclusive Discord channel. This is an excellent way to make extra income from your YouTube channel and still make it worth it for your subscribers.
Sell Online Courses Via Your Channel
Another smart way to make money from your YouTube channel is to use it to sell online courses.
Although you’ll need to spend some time creating your online course, it can soon become a consistent stream of passive income as viewers will find out about your course via your channel and pay to see the content.
The kind of courses you should create depends on what your channel is about. For instance, cooking channels can create courses about how to cook a certain kind of cuisine or how to cook healthy meals.
Fitness channels can create courses on how to get fit and improve their diet. Channels based on professional skills such as web design or graphics design can teach people these skills via their online courses.
You can build a paid online course using a platform such as Skillshare, Teachable, or Udemy. After that, it’s simply a case of promoting your course in each of your videos and linking it in the description.
To boost your income, you could even create multiple courses for your readers to follow. Similarly, you can also use your channel to sell ebooks or online coaching.
Sell Your Merchandise
If you have a loyal following on your YouTube channel, you can use this to sell merchandise to your viewers. This could be anything from t-shirts and mugs to tote bags and phone cases.
You can use a printing service like Printify or CafePress to design and print your merchandise. You could also dropship products using Oberlo.
To sell your merchandise, you can either link to your store in the description of your videos or promote it through an advert at the beginning of your videos. You could even set up a dedicated merch page on your website to make it easier for viewers to find and purchase your products.
Many YouTubers use printing services such as Printify or CafePress to sell t-shirts, mugs, tote bags, and other clothes and accessories with their logo and slogans. You could also start a dropshipping business using YouTube for promotion, selling all kinds of products with platforms like Oberlo.
Another way to make money from your YouTube channel is to enter into sponsorship deals with companies. This involves promoting a company’s products or services in your videos in exchange for a fee.
Usually, these deals are negotiated directly with the companies themselves. However, there are also middleman companies that can help you find sponsorship deals.
To get sponsored, your YouTube channel will need to have a good number of subscribers and views.
You should also have a niche audience that is interested in the types of products or services that the company you’re trying to get sponsored by offers.
Once you’ve built up your channel and it meets these criteria, you can start reaching out to companies and pitching them sponsorship deals.
Sell Licenses of Your Videos
If you have a YouTube channel with a lot of great video content, you can make money on Youtube by selling licenses of your videos to other businesses. This is usually done via a marketplace like Jukin Media.
Businesses will often pay for the use of videos that are funny, informative, or relatable to their target audience. For instance, a company selling health products may pay to use a fitness video from your channel in one of their ads.
To sell licenses for your videos, you first need to join a marketplace like Jukin Media. Once you’ve done that, you can upload your videos and set a price for each one. When a business buys the license to use one of your videos, you’ll receive a percentage of the sale.
Also Read: How to embed youtube subscribe button on website (2 Awesome Methods)
There are plenty of great ways to make money on YouTube. Popular channels could stand to make thousands of extra dollars a month using the right income streams.
But even if you only have a channel with a small loyal following, you could still earn an impressive chunk of passive income by selling courses, merchandise, and posting paid ads.
Of course, how much you can make largely depends on how much of a following you have. Remember to regularly post engaging content, optimize your videos for search engine optimization, and encourage your viewers to subscribe.
Over time, you’ll build a larger audience and continue to make money on YouTube channel. Many people even become full-time YouTubers with multiple streams of revenue.
How many views do you need to make money on YouTube?
You need 4,000 watch hours in the last 12 months and 1,000 subscribers to make money on YouTube channel. Once you reach this threshold, Google will review your account to verify that it complies with their policies. After that, you’ll be able to apply for a monetization method, such as AdSense.
How much you can make money on Youtube?
The amount of money you can make from your YouTube channel depends on a number of factors, including your monetization method, the niche you’re in, and the size of your audience. For instance, if you have a channel with over a million subscribers and you’re using AdSense to monetize it, you could stand to make tens of thousands of dollars a month.
How many subscribers do you need to make money on Youtube?
You need 1,000 subscribers to start earning money from your YouTube channel. Once you reach this threshold, Google will review your account to verify that it complies with its policies. After that, you’ll be able to apply for a monetization method, such as AdSense.
How much money do Youtubers make per 1000 views?
The amount of money you can make from your YouTube channel depends on a number of factors, including your monetization method, the niche you’re in, and the size of your audience.
For instance, if you have a channel with over a million subscribers and you’re using AdSense to monetize it, you could stand to make tens of thousands of dollars a month. However, if you’re just starting out, you probably won’t make much more than a few dollars per thousand views.
Who is the richest YouTuber?
The richest YouTuber in the world is currently Ryan Kaji, who is estimated to be worth $32 million. Kaji’s channel, “Ryan’s World,” features videos of him opening and playing with toys. He also has a line of merchandise, which has contributed to his massive fortune.
How much money does PewDiePie make?
PewDiePie is estimated to be worth $30 million. His channel, which features videos of him playing video games and reacting to them, has been extremely popular and has helped him amass a large fortune. He also has a line of merchandise and has done sponsorships with major brands.
Who is the highest-paid YouTuber?
The highest-paid YouTuber in the world is currently Ryan Kaji, who is estimated to be worth $32 million and PewdiePie is Worth over $30 Million.
Can You make Youtube Fulltime?
Yes, YouTube can be a full-time job. There are many people who make a living by creating videos and posting them on the platform. However, it’s important to remember that success on YouTube takes time and consistent effort. You won’t start making serious money overnight; it will take months or even years to build up a large enough following to start earning a significant income.