Try to make money on Youtube, and you will probably learn that it takes a while to get started, and there is no guarantee that it will pay off. So if you are looking to make some quick cash, you might want to consider other ways to earn money.
However, if you are already a passionate video maker and are willing to go the extra mile, you might be able to make some money on YouTube.
Here’s what you need to know.
How to get paid on YouTube
1. Sign up for the YouTube Partner Program
In order to earn money directly through YouTube, you need to partner with the site. Once you have done that there are several ways to cash out, but in order to become a partner you need to meet the following requirements:
Your videos must meet the site’s advertising guidelines and have more than 4,000 valid public viewing hours in the past 12 months.
You must live in an eligible area.
You need more than 1000 subscribers.
The more videos you have, the easier it is to hit the watch hours threshold. High-quality entertaining videos are more likely to get views, so it pays to put some effort into planning and production.
Once you meet the conditions, you can apply by clicking on your profile and going to the “monetization” section.
As a partner, you can make money through ads, subscription benefits, and features like Super Chat, which allows viewers to pay to have their posts highlighted during a live broadcast. direct.
Money saved is money earned
Track spending across all of your accounts to see where you can cut or save.
2. Log in to Google AdSense
To be approved as a partner, you must connect your channel to Google AdSense, the company’s advertising system. Advertisers use AdSense to bid for space on videos based on factors such as your audience, the subject of the video, and relevant keywords.
In general, you will be paid based on the number of “impressions” your videos get; it’s when someone clicks or views an ad. However, the ads don’t show every time someone watches a video, so the views don’t translate directly to money in the bank. In addition, YouTube takes a share of advertising revenue; he would not disclose that rate.
You will receive payments once your balance reaches $ 100. Therefore, if you have a small chain, you might only get paid every few months. You may want to set aside some of this money for taxes because Google, which makes the AdSense payments, might not deduct all of your tax liability.
3. Discover YouTube Premium
AdSense isn’t the only way Partners can make money on YouTube. You can also make videos available on YouTube Premium, which is the site’s ad-free subscription service. You will earn a portion of the membership fee income, based on the number of members viewing your videos.
4. Use product placement and video sponsorship
Here’s another way to get paid on Youtube: Businesses interested in your channel’s audience can sponsor your videos or provide you with product placement offers in exchange for a snap. You will likely receive payouts per sale or commission tier.
Search affiliate marketing sites like ShareASale, ClickBank, and CJ Affiliate for potential business partners – and make sure you’re prepared to vouch for the business and products you’re selling before signing up. .
If you have an endorsement or product placement in a video, you must warn youtube by checking the box “the video contains a paid promotion” in the advanced settings tab of your video manager.
5. Sell products or services to viewers
If you have merchandise or offer a service that is relevant to your audience, let them know and provide links in your videos. For example, Ryan Kaji, star of the children’s YouTube channel Ryan’s World, sells toys, T-shirts and other items.
Selling a physical product may require you to purchase hardware or find a manufacturer, but you can also sell downloadable products such as eBooks or fine art prints. Set up a secure payment system before you advertise your products.
6. Meet fans in the real world
Meetups and similar events allow YouTubers to connect with viewers and sell merchandise. They are generally best suited for those with active and engaged followers.
Those with a smaller audience may want to avoid paid events and bet on merchandise sales instead. Or if, for example, your videos teach viewers how to draw, you can hold a free class at a local park and sell your drawing techniques book afterward.
7. Turn to crowdfunding
There are two main types of crowdfunding: recurrent and project-based. Recurring crowdfunding allows contributors to pay an amount they specify on a regular schedule. You would like to maximize this type of funding in order to turn a channel into a substantial source of income. Incentives such as one-on-one video chats, private lessons, or merchandise can entice viewers to sign up.
If you have an idea for a project that requires financial support, a crowdfunding by project is the way to go. Get started with sites like Indiegogo, Kickstarter, GoFundMe, or Patreon.
Other ways to earn money
If making money on Youtube isn’t for you, consider these alternatives: