YouTube.com gets more than one billion unique users a month: that’s a vast audience. Many people are already earning money there, and the platform boasts one million creators in its YouTube Partner Program alone. Meaning, with 1,000 views, you can earn an approximated return of $2-4. Is it small? Well, consider making 100 videos with an average 3,000 views each, it would generate $500-$2,000. Is that not a decent monthly income? Yes, it is.
Meanwhile, it may not be as easy as it sounds above since YouTube has applied to modify the rule to monetize channels. Now, creators won’t be able to turn on the monetization of their channels until they hit 10,000+ lifetime views. It is a control measure to reduce irrelevant contents in the community. The new rules have raised the standards for content creators and channel owners who want to earn monthly passive income from YouTube.
Although having a million views on a video is far from easy, it is a known fact the money does not come from YouTube ads or revenue alone; there are a few other UNIQUE ways to earn money from YouTube.
Most of our subscribers enjoyed reading 13 Ways You Can Earn More Money Online.
How to make money using YouTube
Shift your mind to see YouTube as a facilitator to make money, not a monetizing platform. It’s easy to get started, find, and use Google’s Creator Playbook. However, it’s more challenging what you do with it afterward.
When you decide to start a journey to passive income on YouTube, please do not see it as a monetizing platform. Instead, view it as a medium to boost your passive income sources. Let’s highlight some ways of earning money on YouTube platform:
#1. Using YouTube to get quality traffic to your blog or website
If you have a blog or website that brings in income, you need unique traffic. Many blogs and websites were taken aback by Google’s Hummingbird, Panda, and Penguin updates. My apologies if you are affected. So, you can use quality traffic from YouTube to regain your following and increase your blog earnings once again.
Remember to get started with the Creator Playbook. Once you’re set-up, consider repurposing some older content into videos, as well as creating new videos. Make sure that you add a link to your website in the first line of your video’s description, so you can direct your YouTube traffic to where you want it to go.
#2. Create digital products and promote them on YouTube.
If you’re creating your products or would like to package your services, YouTube offers unlimited options for you to promote your gigs and make sales. The digital products you can create include arts, apps, music, and ebooks.
Create digital products and upload them to a shopping cart. Then use your YouTube channel to promote them. Make sure to add a link to your product in all your video’s description, so viewers can visit your cart and buy.
#3. Sell affiliate products via your channel.
“Affiliate marketing” is lucrative. It involves selling other people’s products or kits for a commission. There are thousands of companies that offer attractive deals to affiliate marketers to promote and sell their products, including popular companies, eBay and Amazon, as well as smaller companies and individuals.
Additionally, there are lots of affiliate networks you can join: ShareASale.com, Commission Junction, and ClickBank.
To make money on YouTube as an affiliate marketer, make video reviews of your affiliate products, or create “how to use… product” tutorials. Remember to add a link to your affiliate products in your YouTube descriptions to make sales.
#4. Start a Web TV series.
Do you enjoy telling stories? YouTube lets you create your Web TV shows on your budget. You have a list of options to start – drama series, comedy series, or a talk show. Have in mind that YouTube limits each video’s length to 15 minutes. So, work to share longer videos by increasing your limit.
As a screen or TV writer, get a few friends together and shoot your TV shows. Start on a low budget and have quality content made. If you get lots of views and YouTube subscribers, you may develop it into a new career.
#5. Work to Become a YouTube personality.
Many YouTube personalities earn much money. For example, PewDiePie remains among the highest YouTube earners with $15 million in 2016, and it’s rising. It is on record that PewDiePie could receive over $10,000 weekly from his weekly publications.
So, if you’ve got out of the ordinary ideas, or you are passionate about your interests, start and grow your channel on YouTube. You never know, you just might become another big social media influencer on YouTube.
#6. Monetize your YouTube channel.
After you’ve created a handful of videos, join the YouTube Partner Program. Grow your channel above the monetization view limit, and you’ll begin to receive your share of the monthly income from advertising on your YouTube channel.
Just as the YouTube influencers do, you will get paid for every thousand views on your channel. Get started now and – your first step is to verify your channel. Get it done and start earning more money online.
#7. Teach: Use Tutorials to share your knowledge.
Tutorials are massive on YouTube. If you know easy ways to do something, you can easily teach others, and earn money from your videos. Beauty and tech videos are popular among YouTube channels. For example, Michelle Phan has over 1.3 million impressions.
#8. Test-market your products.
YouTube is a fantastic platform for market research. It is a resource to test the market of your idea, whether it’s innovative and brilliant enough to the point of profitability.
For instance, if you’ve got a unique idea for a product or service, but need funding, create explanatory videos before you create any campaign on Kickstarter.com. Subsequently, the comments and upvotes on the videos will tell you how viable is your raw idea. With more than average positive reviews and comments, you stand a good chance of getting support and funding when you eventually get the campaign started.
#9. Use metadata/keywords to reach your audience.
Due to the high number of videos uploaded daily unto YouTube, there is vast competition for different keywords and videos that want to be viewed on YouTube. It would be best if you worked on your keywords and SEO to get your videos to rank higher on YouTube searches. That is where you need to focus on your metadata.
“Metadata” is selected keywords that give a first-hand insight about your video content and YouTube channel. Check the Creator Playbook on how to maximize metadata on YouTube to get unique visits to your channel videos.
To give your videos a higher chance to get viewed on YouTube search, ensure you optimize your metadata [your video tags, description, and title]. Doing these will spell failure or success as to the kind of results your videos and channel will get.
Optimizing your videos for search reasons will go a long way on this project to increase your chances of earning more money on YouTube soon.
#10. Build a brand using YouTube.
Way back in 1997, Tom Peters pointed out you are a brand even though he was yet a marketing guru like today. Always remember that you have power and influence as you work your part. The YouTube platform will magnify your impact with time.
Whatever you are great at, whether your side hustle or job, YouTube social media platform can help you spread your influence quickly while you edge closer to earning more money online. You must not know all the ways to earn money on YouTube before you start; start creating and uploading your videos to start, and you will figure the rest out along the way.
Keep at it; you may stumble upon a gold mine like many others have done. Start and keep going.
#11. Turn your child or your child’s pet into a star.
Two cats, Grumpy Cat, and Lil Bub started on YouTube, and have grown to become worldwide stars with robust followers and book deals.
You see, you must not be a singer to become an influencer on YouTube; be creative. Try out stuff, and you might get lucky ~ to shoot a video of your child, or have a short clip of your pet, a double rainbow, your pet, and your child, or anything that may go viral. Your innovation with this would make you earn more money online in no distant time.
Keep your video camera handy or a smartphone with a very sharp external camera. Be alert to cute stuff around and get a video done. Remember to use metadata before you upload the video. You just never know what could go viral.
#12. Scheduled videos.
I believe it would be much more comfortable for your audience and subscribers to catch your content timely and regularly. It would give them a trending mentality that will make to subscribe ahem might also make them more tending to follow your channel, which is to subscribe to you.
It is crucial to have a base audience, that would always want to check your content routinely. A base audience would give you an insight into the number of visitors and views you should expect on each of your videos. The info will also guide you to having a steady income on YouTube.
Crowdfunding is becoming more and more familiar since the inception of Indiegogo and Kickstarter. Crowdfunding could be a great source of money if you have a unique and excellent concept for a YouTube channel. It would generate your initial fund, but it also contributes to establishing influence and revenue for the rest of the project.
For example, Corridor Digital uses Patreon as a possible way to fund their videos or movie projects, with the return of exclusive perks for these supporters.
#14. Work to get sponsorship.
There are quite a handful of sponsorship companies out there on the YouTube platform, that provides YouTube channels sponsorship in exchange for direct advertisement. One important thing about these companies is that you can directly receive the sponsorship money hoping for YouTube to split part of it with you. Once you get started on this note, make sure you know well about your audience composition and a bit of the brand you are approaching.
Measure your earning goals
It is essential to check your progress regularly to tell if you are still on the right track in terms of finance.
- Sets goals for yourself that you can measure.
You should sustain a standard and quality to be able to maintain your channel viewership as well as your income on YouTube.
- Be creative.
Quality content is the primary key to attracting new viewers and getting subscribers.