I’m sure you already have a channel or are planning to start one, and you’re looking for ways to monetize it. If that’s the case, this post will show you how to make money on YouTube using seven legitimate methods.
Most methods require some subscribers and views, but a few can be used right away.
So, if this sounds interesting, here are the methods I’m referring to.
1. Make Money Promoting Affiliate Links
Promoting affiliate links can be a lucrative source of revenue for YouTube channels that produce product reviews and tutorial videos.
All you have to do is make a detailed, helpful tutorial or product review video and then include the product’s affiliate link in the video description.
Make sure to include the link in the first few lines of your description and mention the link in the video so the audience knows where to visit the product page.
Please keep in mind that you can only make money from affiliate marketing if your visitors trust you. So make sure to include other helpful videos as well, without any promotion.
In this way, your audience will not perceive you as a desperate YouTuber trying to sell products.
Related – Affiliate Marketing Tutorial For Beginners
2. Join YouTube Partner Program & Earn From Ads
The majority of the YouTube channel’s primary source of income comes from the ads that play in between or before the videos.
It indicates that these channels are monetized by YouTube’s partner program.
Now, what is it?
It provides creators with more YouTube resources and features, such as direct access to our Creator Support team.
It also allows for revenue sharing from ads served on your content.
In the same way, you can also monetize your channel by fulfilling a few requirements.
To apply, you need to complete the following requirements:
- You need to follow YouTube’s Community Guidelines and best practices for content creators.
- Make sure you’re following YouTube’s monetization guidelines. You’ll learn how to monetize your content by following these guidelines.
- Make sure you live in a country that is eligible for the YouTube Partner Program.
- Your channel must have over 4,000 watch hours in the last 12 months.
- It must have at least 1,000 subscribers.
- You must have an Adsense account to link.
3. Earn Money By Crowdsourcing Funding From Your Fans.
Crowdfunding is now very common. There are two types of crowdfunding:
- Recurring
- Project-based
The recurring crowdfund allows contributors to pay a regular price. This type of funding is useful for sustaining your channel’s income.
For this, you can entice viewers to sign up by offering direct private video chats, merchandise, or private classes.
Alternatively, you could use crowdfunding to raise funds for a channel-related project that could result in you earning money from your channel.
YouTubers can choose from a list of crowdfunding websites that have been approved.
For a contributor to feel like they are a part of the project, you must actively promote it on your crowdfunding website or channel.
You can also give fans rewards based on the amount of money they donate. You can also use other social media sites to spread the word about your project and your YouTube channel.
4. Encourage Your Viewers To Subscribe To YouTube Premium
This method only benefits your channel indirectly; all you have to do is encourage your subscribers to upgrade to YouTube Premium.
Even though they won’t be able to see ads on your videos or any other videos, you can still make money from them.
The thing is, if a YouTube premium subscriber watches your videos, you get a portion of the revenue from the audience’s membership fees.
This is an excellent way to earn money from YouTube even when there are no ads.
5. Earn From Sponsorship
Earning money through sponsorship on YouTube is a common, simple, and widely accepted method.
Companies and brands will approach you with sponsorship deals and contracts if you have a channel with a large number of subscribers and views.
It means they are very much interested in promoting their product or service to your channel audience.
So, according to the terms and conditions, you must mention their product at least once in your video, If you make sales, you will be paid a percentage per sale.
Please keep in mind that in the video manager box, you must select the “video contains paid promotion” option in the profile’s advanced settings.
This will allow you to notify your audience that a paid promotion has been placed on the video.
6. Sell Your Merchandise
When your YouTube channel becomes popular and has a sufficient number of subscribers, you can begin promoting your merchandise on it.
You can sell physical items such as T-shirts and mugs, or digital items such as e-books and online courses.
Please include a payment system so that your audience can buy your products. You should also create a website so that you can direct your audience there for purchases.
Even if you have a plethora of product ideas, not all of them will be successful.
As a result, you can start by testing your audience’s purchasing habits by focusing on a single or few types of merchandise.
7. License Your Content
You’ve probably noticed that when a video goes viral on social media, it’s sought after by all of the major news networks, and you’re not alone in thinking this.
The fee for using a video in this manner is paid by a well-established media company.
As a result, you will reap two benefits as a result of granting permission to use your successful videos, including monetary compensation and increased internet visibility.
For this reason, you should set up a professional email address and include it on your channel’s about page.
Additionally, you’ll require the assistance of a video rights marketplace in order to obtain the necessary licenses for your video.
Final Thoughts:
These are the most common methods of monetizing your YouTube channel.
The only advice I can give you is to start by making a lot of videos and then implementing these strategies one by one.
You’re going to make a lot of money from this.
All the best!
