Searching for how to make money on YouTube on Google gives back search results (SERP) of almost 3 billion hits. That’s how serious the topic is today.
The 21st century is all about earning money online. Amazing platforms like Facebook and YouTube have made it easy for people to start earning money from the very comfort of our homes.
If you are passionate about creating and sharing videos, then YouTube is an ideal platform for generating a reasonable amount of income.
Some top YouTubers for instance, like PewDiePie, earn millions of dollars a year by sharing creative and high-quality content on their channels.
The best part about YouTube is that you don’t have to pay anything to create your channel. You may have to spend money on marketing your channel, but overall, channel creation does not cost anything.
If you feel that you have any type of creative video ideas and are not shy to share them with the world, then you should start working on creating your YouTube channel.
How ‘Big’ is youTube exactly?
You have to be living under a rock for the last 15 years to not know about YouTube. The platform has become an integral part of people’s lives all over the world.
Almost 30 million people use YouTube on a daily basis. Overall the platform has over 2 Billion users, with new visitors joining every day. So it should not come as a surprise for you that over 1 Billion hours of content is watched every day on YouTube.
How does it work to make money on YouTube?
There are many different ways you can make money on YouTube. The best way for beginners to earn money on YouTube is usually through Ads. Once your channel is established, you can start earning through the views you receive on your videos.
For each video you post on your Youtube channel, you get paid based on the quality of ads, number of views, and several other factors such as the topic of the video and location of your viewers.
The location of your viewers also affects your total income. So by combining different elements, you may be able to earn a different amount on various videos.
Generally, you can get paid $2 to $5 per 1000 views. You may think it’s not much, but once your channel has thousands of subscribers, it becomes easy to earn a decent income.
The golden role here is to post high-quality content regularly. More videos naturally translate into more revenue. This is why YouTube is an excellent source of passive income.
To start earning money from youtube you only have to work on creating your video content and optimize your video post with the right keyword, text, and description.
Once the content has been posted, you have to wait for the views to roll in. With such a fantastic business model, it doesn’t come as a surprise that many people only rely on YouTube for their income.
One great thing about YouTube is that you don’t have to be famous to earn money on YouTube.
These days, many celebrities have used their fame to start their very own YouTube channel. Their already acquired fame can help them attract a large number of subscribers.
However, that is not the case for all YouTube influencers. People like Justin Bieber and PewDiePie weren’t famous before they started uploading content on YouTube.
Justin Bieber’s path to fame showcases a unique story of wealth & stardom, and all of that happened because of YouTube.
So, long story short, if you have the right skills and a creative mind to create quality content, you will naturally start generating passive income on YouTube.
It’s not a piece of cake
One common misconception about earning money online is that some people think it is an easy task. People look at YouTubers and believe that making money by just uploading videos is as easy as it can get.
What they don’t realize is the effort and hard work that goes into creating high-quality video content. You may be able to earn an attractive income through online platforms like YouTube, but you have to work hard for that.
Anyone can earn money through YouTube; however, it is not possible without some strategic planning. So, if you are serious and passionate about generating income on YouTube, you need to have a strategic approach. It will help you in meeting your goals more quickly and efficiently.
How much money can you make on YouTube
As we have clarified already, making a decent income through YouTube is not a piece of cake. Generally, without involving any other external marketing strategy (which we will be covering later in this article), there are 2 organic ways to make passive income from YouTube.
- CPM (cost per thousand views)
- CPC (cost per click)
First and foremost, you will need to join the YouTube Partner Program, which requires you to have at least 4000 watched hours in the past 12 months, as well as a minimum of 1000 subscribers.
In Youtube, the advertisers’ rate ranges between $1 to $10 per milestone of 1000 views.
Depending on the size of your channel, the type of visitors you attract, their location, language, the time spent watching your videos, as well as the topic you are treating, usually, the average rate for most YouTube channels rangers as we have mentioned earlier between $2 – $5 dollars per 1000 views.
Unfortunately, you can’t have the whole cake and eat it. Google wants a share of your earnings as well. For that, Google takes 45% of that amount.
Top richest YouTubers in the world
With some dedication and perseverance, everybody can make money on youtube. Just try to choose a topic you master and make it interesting and entertaining enough to make viewers love you.
For some inspiration, the following is a list of the top richest YouTubers and how much money they make (The figures are almost unbelievable but true).
- Ryan’s World – earnings: $26 million – subscribers: 23.3 million
- Dude Perfect – earnings: $20 million – subscribers: 51 million
- Nastya – earnings: $18 million – subscribers: 44.3 million
- Jeffree Star – earnings: $17 million – subscribers: 17.1 million
- DanTDM (Daniel Middleton) – earnings: $16.5 million – subscribers: 21 million
- PewDiePie (Felix Arvid Ulf Kjellberg) – earnings: $15.5 million – subscribers: 102 million
- VanossGaming (Evan Fong) – earnings: $15.5 million – subscribers: 24 million
- Logan Paul – earnings: $14.5 million – subscribers: 20.1 million
- Markiplier (Mark Edward Fischbach) – earnings: $13 million – subscribers: 25.7 million
- Jake Paul – earnings: $11.5 million – subscribers: 19.7 million
As you can see, even kids like Ryan and Nastya are making a fortune through Youtube. With a bit of dedication, consistency, and hard work, you too can succeed in making money online via Youtube.
So now that we have the right motivation, let’s go through my list of ways through which you can make money on YouTube and becoming the next superstar vlogger!
How to make money on YouTube
1. Become a YouTube personality/ influencer
YouTube influencers make a lot of money on YouTube. You all must have heard of PewDiePie. He is one of the most well-known personalities on YouTube, with a huge amount of followers.
The only channel that has more subscribers than PewDiePie is the T-Series YouTube channel.
Even though PewDiePie lost many advertisements recently, he is the highest-paid YouTuber because he regularly posts high-quality content.
If you have some unique and creative ideas, you can also become a YouTube personality and make money passively. All you need to do is create your own YouTube channel and start posting high-quality videos. If you continue working hard, you might become the next YouTube star.
2. Become an affiliate marketer
When you promote and sell other sellers’ products online in exchange for some commission, it is known as affiliate marketing. Thousands of companies offer attractive deals to YouTubers who promote the company’s products on their YouTube channel.
I have compiled a list of 120 best affiliate programs you can integrate into your affiliate strategy to make money online on Youtube.
Many huge companies, such as Amazon and eBay, are also included in it. Thus, you can make money on YouTube by becoming an affiliate marketer.
Becoming an affiliate marketer on YouTube is extremely easy. All you need to do is give a review of the affiliate product on your YouTube channel. If you need help to start your affiliate marketing strategy, check this guide on how to start affiliate marketing.
You can also create a tutorial video that tells how to use the product. Just make sure that you are using the affiliate link by linking your products in the description of your video post.
Note: If you do not use the affiliate link to direct your visitors, you will not get any credit or commission for your sale.
3. Become an Amazon influencer
Amazon influencers are gaining more popularity on YouTube with each passing day. So, if you want to make money on YouTube, becoming an Amazon influencer is a good way to go.
With this program, you can maximize your YouTube and social media presence by promoting Amazon products. Just make sure to always believe in the product you recommend to your community. Honesty is still valued as a virtue by people on youtube.
To become an amazon influencer, all you need to do is join the program. Once you have entered the program, you can recommend and review products to the viewers. You can even direct them to Amazon to purchase the product using the affiliate link.
You will get your part of the commission when the users make any purchase using the link you provided.
4. Promote your merchandise on YouTube
Creating and promoting your merchandise on YouTube is another way to make money on YouTube. When YouTube personalities get famous, they create their merchandise for their fans.
As you can see above, Cristina Ronaldo, a famous soccer player is promoting his fragrance “Own the night” on Youtube.
Other celebrities such as Sarah Jessica Parker, Kim Kardashian, Paris Hilton, or Rihana promote their products on their Youtube channel as well. This marketing strategy has shown to earn a good revenue as well as improving the branding side of the business.
But truly, it does not matter if you are famous on YouTube or not. There are an unlimited number of ways on YouTube through which you can promote your products even if you are not a celebrity.
All you need to do is create a product and for your viewers to add it to a shopping cart.
Remember that when using YouTube to promote your products or services, make sure to add the link in the video description. If you have created a compelling video, the viewers will check and eventually click on the link to buy your product.
5. Create a web series
Do you love to tell stories? If yes, then you can monetize your storytelling skills by creating a web series of your own. All you need is a creative mind, and you are good to go.
There are many genres available from which you can choose. If your web series is good, you will automatically attract organic subscribers. As your web series will be a regular business, you will be able to earn money regularly.
6. Join a YouTube partner program
Did you know that you can monetize your videos on YouTube by joining a YouTube partner program? Yes, that’s correct. You can now make money on YouTube by joining a YouTube Partner Program and through ads.
As we have mentioned earlier, you will not be able to join YouTube’s Partner Program if you have not hit 4,000 watch hours over the past 12 months on your channel.
Youtube partner program is one of the easiest ways that lets you make money on YouTube. All you need to do is turn on your channel for monetization.
Once you have turned on your channel for monetization, ads will be added to your video. You will then be paid for the views on your channel.
But first, you and Google need to verify your channel. So, make sure to do your part and verify your channel to start earning money from each minute watched on your Youtube channel from the YouTube Partner Program.
7. Earn by maximizing YouTube SEO
Good SEO is the key to maximizing profits. If you want to earn a decent income on YouTube, you have to invest in SEO. The better your channel’s SEO, the more viewers you’ll attract.
For this purpose, you will need to perform some keyword researches. Make sure that you use high volume and unique keywords and use these keywords in the title of your video, video tags, and video description.
You can also use YouTube Traffic analytics to find out what people are searching for when they come through your video. This will help you in finding out better keywords for your YouTube videos.
They are some great SEO tools that can really help you take your SEO practice to the next level and optimize your videos the best way possible.
An SEO doesn’t need to be expensive, The following is my list of the best free SEO tools I recommend to improve your overall SEO all for free.
So, if you have an excellent idea for a media project that you want to start on YouTube, you can do it with the assistance of crowdfunding.
Not only will it get you the initial funds, but it will also help you establish your audience.
Additionally, you can create revenue for your future projects as well. A great example of crowdfunding is a famous YouTube channel, Corridor Digital. The channel uses Patreon to fund their movie or video projects. In return, they give special perks to their supporters.
9. Get sponsors for your channels
Almost all YouTubers with some sort of success have a sponsor supporting their channel as more and more famous companies nowadays provide sponsorship to the YouTube channels in exchange for direct promotion and advertisement.
The good news is that you don’t have to split this amount with YouTube. You can receive it directly from the sponsoring company.
But, getting a sponsor for your channel is also not a piece of cake. You will have to work on a detailed proposal which you can present to the company. The proposal should include a list of benefits you will provide to the company.
This is why you need to have full knowledge of the brand that you are going to approach. Knowing their interests and struggles will help you in drafting a proposal according to their demands.
After securing your first contract the rest is much easier. Besides getting more and more companies approaching you with their products, you will also be getting all the latest products on the market related to your topic to review and of course keep (or give away as per the example above from UrAvgConsumer).
10. Make some extra money through YouTube premium subscribers
Did you know that YouTube Premium lets you view an ad-free video for subscription fees of $9.99?
So, if you are a content creator, how will you make money on YouTube without any ads? Well, you don’t need to worry about that anymore. Even without ads, you can now earn money through YouTube premium subscribers.
You can make approximately 55% of the revenue based on the view time of the videos that you post on your channel.
When it comes to making money through YouTube premium subscribers, the watch time of your videos matters a lot. This is why you need to check your watch time and video engagement through YouTube analytics and make sure to publish videos that your subscribers enjoy and watch thoroughly.
Additional tips for you to make money on YouTube
Have you picked one of the above-mentioned ways to make money on YouTube yet? I have listed a few bonus tips for you below as well. If you follow these tips, nothing can stop you from succeeding on YouTube. So, let’s take a look at them.
Being creative is extremely important if you want to make money on YouTube. You need to create a YouTube channel that is different and unique from other channels available on YouTube.
So, be as creative as you can be with the resources available to you. Once you start creating creative content, you will gain followers in a short period.
Create Quality Content
The evolvement of technology has evolved the minds of the audience as well. The audience now looks for quality content. They prefer quality over quantity.
So, if you want to make money on YouTube, you need to create quality content that will attract an audience to your YouTube channel. It doesn’t matter if you create only a video once every month, instead, make sure that the one video you create is worth watching.
Use Unique Keywords
If you want your videos to rank among top searches on YouTube, you need to use well-thought and high-density keywords. When you use unique and creative keywords, you will get a lot of traffic on your YouTube channel.
Once the viewers start noticing your work, they will keep returning to your channel for more videos. Thus, you will get more and more permanent subscribers helping you your channel making money on YouTube.
Set Goals for Yourself
You need to set goals for yourself and work to meet your goals with self-confidence and passion. This will help you in succeeding on YouTube.
It is essential to keep track of all your progress if you want to make money on YouTube. This practice will guide you if you are on the right track in terms of finance.
It might be possible that the current strategies or goals are not working for you or don’t provide the profits or goals you have set.
When you keep track of your progress, you will know whether your ideas are working or failing. This way, you can set new goals and ideas if your current ideas are falling short of achieving your desired targets.
Do Not Give Up
This is probably the most important tip I can give you, be persuasive! Do not give up. Patience is the name of the game here as succeeding in YouTube does not happen overnight.
A lot of potential YouTubers give up if they are not getting the results they expected. You need to understand that you will not gain popularity or success overnight. It requires time and effort on your behalf.
Instead of giving up, you should work with the same spirit from which you’ve started. If you want to make money on YouTube, you should not give up in a middle way, even if you are not getting the desired results you planned for.
Although getting started on YouTube is extremely easy, it gets a bit challenging as you head forward. You need to be patient.
Don’t expect to achieve success overnight, or to get a million views on your first video. Try to come up with content that can go viral. This will attract more people to your channel and thus help you generate more income.
If you still haven’t started your own YouTube channel, then you are missing out on millions of dollars that you could be taking a share of if you start putting your video creating skills to use.