8 Ways to Make Money on YouTube

8 Best Ways to Make Money on YouTube | CIO Women Magazine

Here are 8 Ways to Make Money on YouTube;

1. MARKET YOUR ONLINE COURSES TO YOUR YOUTUBE AUDIENCE

Today there are many Ways to Make Money on YouTube to earn money online, but with the education sector set to be transformed in the coming years, selling online courses has become one of the most important ways.

In fact, the global e-learning market will be close to $325 billion by 2025.

Do you know, according to Statista, education apps today are the most popular app category in Google Play Store?

Choose a Specific Niche for Your Online Course

The key requirement for a successful online course is that it is built for a specific target audience and aligns well with their goals.

So first divide your audience into segments or groups with specific characteristics and behavior.

You can do it based on demographic characteristics based on gender, age, average salary, employment characteristics, etc. or you can use nuanced psychographics like personality, attitudes, opinions, mindset, religious outlook, and political affiliation.

The target audience is the segment that you choose to target (specifically add value to). For an online course, here are the top goals that the students aim to achieve through online education.

You can use these goals in your content to add real value to your target audience and in your content to nudge them to purchase your course.

2. BECOME A YOUTUBE PARTNER AND EARN FROM ADS

Ways to Make Money on YouTube ad revenues are one of the ways to monetize your content on YouTube.

With the online viewing time increasing year on YouTube, marketers are spending more than ever on Ways to Make Money on YouTube ads.

8 Best Ways to Make Money on YouTube | CIO Women Magazine

In fact, in the US alone YouTube is expected to make around $5.5 billion in ad revenues. A part of this income goes to the content creator videos that become Ways to Make Money on YouTube program partners for showing ads and are able to drive significant traction on these ads.

So, if you want a part of this pie, you can make money through ads on YouTube by joining the Ways to Make Money on YouTube partners program.

The way it works is that Ways to Make Money on YouTube charges the customers who want to show ads and if your content is relevant to the person viewing the ad then it is shown before your video.

You only get paid when viewers either click on these ads or watch them completely for 10, 15, or 30 seconds depending on the ad and the method (without skipping them).

To earn some meaningful revenue from ads on Ways to Make Money on YouTube you need to have a substantial number of subscribers or viewers.

So, if you already have such a following or are confident about building it, then this method of monetization may work for you.

For being eligible for showing ads, you need to have at least:

1,000 subscribers for your channel

4,000 hours of content watched by the audience in the last year

In order to make your content eligible for ads follow these 7 steps:

Step 1: Sign in to your Ways to Make Money on YouTube account (the one you want to monetize)

Step 2: In the top right corner, click the icon for your profile

Step 3: Select YouTube studio

Step 4: From the menu on the left, click on Other Features -> Monetization

Step 5: Go through the YouTubers partner program terms and click on agree

Step 6: You will need an AdSense account to get paid to create a new account or link your previous one

Step 7: Set your monetization preferences

You can track your predicted income in the Ways to Make Money on YouTube analytics section on the dashboard.

Although it can vary depending on how much YouTube is charging the advertiser, you can expect to make somewhere between $1-$5 for 1,000 views on your videos.

However, even after enabling ads and getting views it is not certain that you will make money. This is because the viewer actually needs to watch the ads for a specified time (usually 30 seconds or click on them).

Another reason you may not be able to earn money is when you show copyrighted content. So, be aware of not using anything like that.

Ways to Make Money on YouTube also has a strict policy when it comes to showing ads.

Youtube may choose to exclude your content from ad revenue if it has:

Content that is sexually suggestive or has partial nudity or sexual humor

Violent content, displaying serious injury, or events related to violent extremism

Harassment, profanity, vulgar language, or anything that might be deemed inappropriate language or Ways to Make Money on YouTube.

Promotion of drugs in any way (selling, using, or abusing)

Controversial subjects like tragedies, political events, etc (even if graphic imagery is not shown)

3. YOUTUBE MONETIZATION: RECOMMEND AFFILIATE LINKS IN YOUR YOUTUBE VIDEOS

Affiliate marketing is when you promote or sell someone else’s products through your content and have Ways to Make Money on YouTube.

In fact, the US affiliate marketing industry is expected to reach $6.8 billion by the end of 2020.

While there are many channels that affiliates target in order to get their products promoted,

Ways to Make Money on YouTube ranks in the top channels considered by marketers for affiliate/influencer programs.

According to Aqer, it is the top-priority influencer marketing app for marketers.

This presents a great opportunity for you to try out this method for monetizing your Ways to Make Money on YouTube videos.

Some brands may pay you on a commission basis, that is, you will get a percentage of revenue from the sales that you influence. You may also be paid for just including the brand in your reviews or unboxing and describing the features. Your earning potential will usually differ depending on the audience and followers you have but if you are a mid-level influencer, you can expect to make $20 for 1,000 subscribers.  In terms of percentage commission, rates could vary anywhere between 5%-30% of sales influenced by you. The percentage commissions are usually higher for digital products (like apps, or SaaS products) than physical products.

4. MAKE MONEY ON YOUTUBE WITH CROWDFUNDING FROM YOUR FANS

If you are looking to create something meaningful, or something that will really impress or be useful to your audience and money stands in the way, crowdfunding could be a great way to ensure you achieve what you want.

While there are many great platforms that can help you crowdfund, Ways to Make Money on YouTube is a great way to showcase an initial video for the project you are trying to create.

You can then use this video to nudge your audience into supporting your project.

A great video that explains what you are trying to do not only helps you narrate the goal and objective to your audience but also gives a glimpse of the end product that will be created Ways to Make Money on YouTube.

For instance, check out this Kickstarter campaign that managed to raise more than $2 million.

The main reason that it sold so much is also that the video was well-designed and clearly highlighted what and why they were trying to do Ways to Make Money on YouTube.

5. ATTRACT HIGH-END CLIENTS TO YOUR CONSULTING OR FREELANCING OFFER

Have you heard of Mckinsey & Co, Boston Consulting Group, or Bain & Company?

Do you know, these firms combined make more than $20 billion dollars in revenue through consulting?

8 Best Ways to Make Money on YouTube | CIO Women Magazine

And even after being the top firm in the business, this revenue is only a small part of the massive $300 billion-plus consulting industry Ways to Make Money on YouTube.

You may think that how can you independently earn money in a market where so many firms exist?

The good news is, you definitely can!

6. SELL PHYSICAL PRODUCTS TO YOUR ENGAGED YOUTUBE SUBSCRIBERS IN YOUR ONLINE STORE

If you already have a Ways to Make Money on YouTube channel serving a particular niche and have built good traction for it in terms of the number of subscribers or viewers, it would be a great idea to monetize the same by selling physical products.

Do you know, the e-commerce market is pegged to be close to $4.9 trillion and will increase to $6.5 trillion by 2023?

6. Sell Physical Products to Your Engaged Youtube Subscribers in Your Online Store

If you already have a Ways to Make Money on YouTube channel serving a particular niche and have built good traction for it in terms of the number of subscribers or viewers, it would be a great idea to monetize the same by selling physical products.

Do you know, the e-commerce market is pegged to be close to $4.9 trillion and will increase to $6.5 trillion by 2023?

7. BECOME A YOUTUBE INFLUENCER AND START EARNING MONEY FROM BIG BRANDS

Have you ever heard of the Ways to Make Money on YouTube channel, Pewdipie? Do you know, it has more than 105 million subscribers?

In fact, the estimated net worth of the person who runs the channel is $30-50 million dollars and he earns more than $13 million a year, mostly from the influencer business.

There are several such examples of successful Youtubers who have now carved an empire for themselves.

In fact, the main source of income for many successful Ways to Make Money on YouTube channels is influencer marketing.

But, what is influencer marketing?

The Oxford Reference defines influencer marketing as:

“The strategy of promoting brands, products, or services with selected individuals who are judged most likely to exercise a significant influence on purchase decisions within a particular target market.”

This basically means if you are an influencer, that is, if in your niche, you have some influence over your audience, then promoting such brands or products that cater to your niche will be called influencer marketing.

8. MASTER YOUTUBE SEO TO ATTRACT MILLIONS OF VIDEO VIEWS AND GROW YOUR AUDIENCE

Do you know, almost 500 hours of content gets uploaded to Ways to Make Money on YouTube every minute?

youtube uploads every minute

In fact, almost 1 billion hours of Youtube videos are watched every day (more than Netflix and Facebook videos combined).

8 Best Ways to Make Money on YouTube | CIO Women Magazine

But along with this kind of viewership, there are also more than 31 million channels on Ways to Make Money on YouTube.

To stand out among the such competition and make sure that your content is viewed by your desired audience, you need to do Youtube SEO (Search Engine Optimization) and understand Youtube SEO ranking factors.

Ways to Make Money on YouTube SEO involves optimizing your content and metadata descriptions in order to rank higher in the SERP (Search Engine Results Page).

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