Top 5 Ways To Make Money Online with YouTube
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When it comes to making money online with YouTube, people think about ad revenue. However, it is not the only option because there are multiple other ways to make money through YouTube.
Just like blogging, YouTube provides a wide range of ways to earn money. Every minute, over 500 hours of videos get uploaded to the site. So, we can assume the prevalence of this platform throughout the world.
Without further ado, let’s get into the effective ways to make money online with YouTube:
Top 5 Ways To Make Money Online with YouTube
1. Join the YouTube Partner Program and Earn Money from Ads
The foremost revenue stream with YouTube people usually like to explore is through ads. Whether you want to make money on this platform as a content creator or without creating videos, it is vital to join the YouTube Partners Program and set up monetization.
You can apply for the monetization after you have amassed 1,000 subscribers and 4,000 watch hours across the last year.
(You can go through this link to get an overview of the YouTube Partners Program.)
Steps to enable monetization on YouTube:
1. First of all, sign in to the YouTube account on which you want to monetize.
2. Now click on the icon for your account at the top right corner.
3. Click on YouTube Studio.
4. From the left menu, choose Other Features > Monetization.
5. Now read and agree to the YouTuber Partner Program terms.
6. Make a new AdSense account or you can connect an existing account to your channel. (To get paid, you require an AdSense account.)
7. Choose your monetization preferences.
8. Go to the dashboard and click on the ‘Analytics tab’ present on the left side.
9. Now you have to select Revenue from the tabs present at the top.
10. Browse through the chart ‘Monthly Estimated Revenue’ to know about your predicted revenue.
2. Become an Affiliate and Review Different Products
This approach is suitable for all types of video creators. Obtaining a sponsorship can need a huge subscriber base. However, you can still link with brands and earn commissions through reviewing their products that are applicable to your audience.
You need to signup for their affiliate programs. Subsequently, promote them by sharing your affiliate link within the video description. Be transparent with your audience.
Here are the tips to find pertinent affiliate programs:
i. Investigate the products you use:
Make a list of all digital products, software, and other purchases you did in the last few years.
ii. Analyze competitors:
Find out the products which are the creators in your niche marketing. You can explore the channels of competitors and go through their video descriptions.
iii. Explore the following affiliate networks:
You can explore ClickBank, ShareASale, Impact, and other affiliate networks. The majority of the companies depend on an intermediary i.e. affiliate networks to reach content creators like you. It is recommended to signup as a publisher on these platforms and access their programs.
3. Sell Your Own Products
If you already have some products to sell then you are an entrepreneur first and then a video creator. Merchandise is a workable approach to make money with this platform.
Follow the steps described below:
Step-1: Design your product uniquely
Products to promote on your channel need to represent as well as maintain the audience’s connection with you. It means that your merch must be unique.
Step-2: Build your product
In the majority of cases, you need a supplier, manufacturer, or wholesaler to make and supply your product.
Step-3: Make your shop and landing page
You will require a separate website to deal with the purchases. If you wish to directly link it from your videos then check this link. It shows a list of YouTube approved merchandise sites.
Step-4: Enable the shelf feature of your YouTube Partner merchandise
To sell their channel’s merchandise, YouTube Partners can use the shelf feature. If you are eligible follow the instructions to enable this feature.
Step-5: Endorse your product in your videos
This is the eventual and most vital step. In your videos, you can use or wear your merch. Also, you can showcase the viewers who have already bought and using the product.
Remember to add your store’s link in the video descriptions. You can include cards and end screens with convincing calls to action.
You can use spreadshop to make YouTube merchandise.
4. Sell Online Courses
For those who can educate tech skills to their viewers, this approach is a suitable choice. If you know how to educate an audience through your videos then you certainly have a good opportunity to earn.
Through an online course, you can pack up your expertise and impart a skill appropriate to your subscriber base. The choice of the subject depends on what your viewers are interested in.
Apart from online courses, you can try selling digital products like eBooks, printables, workshop events, templates, and downloadables.
To start creating an online course, it is advisable, to begin with, an email list. For collecting the email addresses of your viewers, you can provide a valuable download along with a glimpse of your course.
5. Bring Traffic to Your Website or Blog
Video marketing is an outstanding strategy to endorse your business. You can promote your business on YouTube in the following ways:
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- Introduce yourself and your business
- Tours and demonstrations of your business
- Make Q&A answer questions related to your industry and niche
- Tutorials
Whenever you create a YouTube video, it is recommended to include a link sot your blog or website in the description. Subsequently, allow YouTube to send traffic to your video.
Moreover, you can embed the video on your website as well as share it on social media to obtain more exposure. Even YouTube watchers can share it.
The higher the traffic to your blog, there are higher the chances to earn more money. Make sure to use the appropriate monetization methods like affiliate marketing, Google Adsense, etc.
Final Words
With the appropriate strategy on this renowned platform, you can begin making a decent amount of money. With some of the discussed ways, you may need a little patience but the results will be amazing.
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