For many, making money on YouTube is the dream. After all, YouTubers appear to have a great life and the adoration of their fans to bask in. And since creating a YouTube channel is easier than ever, there’s no harm in thinking big and aiming high.
But, while creating a YouTube channel is simple, turning it into a cash machine isn’t as straightforward. You may earn your first hundred dollars by selling something or landing a sponsorship deal, but maximizing earnings requires understanding all your options before you dive in.
We’ve created this article to walk you through all of the information that you’ll need to know if you want to know how to make money on YouTube. At the end of this article, you’ll know the different ways to make money on YouTube, and you’ll be able to grow your own business with one of the biggest Internet platforms in the world.
Can You Make Money on YouTube?
The short answer is yes. Thousands of people are doing it. And not all of them have millions of subscribers to boot. Contrary to popular belief, YouTube isn’t just a numbers game – your earning potential also depends on the niche you cater to, the level of engagement you generate, and the revenue streams you tap into. That’s not to say subscribers and views aren’t important – check out our easy tips to get more views on YouTube.
Do You Get Paid for Uploading Videos on YouTube?
YouTube doesn’t pay creators for uploading videos on YouTube. Also, the videos aren’t monetized by default. In order to start earning money on YouTube, you have to enable monetization from your account settings. YouTube gives you the option to join its Partner Program or have your videos featured on YouTube Premium (more on this later).
How to Make Money From YouTube
If you’ve been looking for new ways to generate income, you may be wondering how to make money from YouTube. Well, there are a variety of different ways that you can start earning on the platform, most of which revolve around creating compelling video content. Here’s a look at some of the popular YouTube income streams available:
1. Join the YouTube Partner Program
If you’ve been wondering how to make money from YouTube, then it’s essential that you’re aware of the YouTube partner program and how it works. YouTube content creators won’t be able to monetize any of their videos until they’ve been accepted into the YouTube partner program.
When your YouTube channel has 1,000 subscribers and 4,000 public views, it’ll be reviewed to join the Partner program. This means that you won’t be able to generate any revenue until you’ve hit these numbers, so it’s essential to continue creating content and increasing your channel’s reach. You can apply for the monetization once you meet the program’s criteria.
2. Get Featured on YouTube Premium
How do you make money on YouTube besides running channel advertisements? YouTube Premium is the answer.
YouTube Premium is a paid membership service that enables people to watch ad-free videos. Creators don’t have to do anything, as they’ll automatically get a second revenue stream when YouTube Premium members play their videos.
As with YouTube monetization rules for advertising-based revenue, most of the revenue generated via Premium membership fees will go to creators (total revenue distribution is based on how much Premium members watch your content).
Premium members will also get the opportunity to download and watch your videos offline and play them in the background, which contributes to your watch time.
3. Offer Channel Memberships
When your YouTube channel gets more than 30,000 subscribers, you can add another income stream by leveraging channel memberships. This is where fans pay $4.99 a month for a membership package that includes perks like early access to videos, members-only live chat, exclusive emojis, and more. Members will be highlighted in comments, live chat, and the Community tab through special members-only badges.
Because audiences are well aware that it can be a real challenge to get a YouTube creator’s attention, it makes sense to offer channel memberships. And voila, you’ve got another answer for how to make money from YouTube.
4. Endorse Affiliate Products in Your Videos
Businesses are well aware of the potential which YouTube channels with a large following have, and they’re always looking to exploit this to grow their own business.
Once you’ve garnered a substantial following on the platform, you’ll likely experience businesses reaching out to you and requesting you to promote their products in exchange for cash. Consider becoming an affiliate of these brands and including product placements in your videos. You can also sign up for popular affiliate programs to expand your affiliate network.
It can be a great way to generate some extra revenue, but be careful when doing this, as viewers are well aware when something is being advertised.
Pro tip: Only promote products that you think will be valuable for your audience, and disclose the partnership to your viewers — that’ll help you comply with YouTube’s policies.
5. Monetize Live Streams via Super Chat
Super Chat is a popular new way to make money from YouTube. The feature lets your audience buy chat messages that stand out and, in certain instances, pin them to the top of the comments section of a live stream. So, when you go live on YouTube, you can use Super Chat to monetize your stream.
YouTube monetization rates for Super Chat range from $1 to $500, and the company takes a 30% cut from the revenue. For anyone wondering how to make money from YouTube Super Chat, the key is to organize and promote live streams.
Promote them in videos, on other social media platforms, and anywhere else where your audience loves hanging out
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