You’ve probably heard your friends talking about YouTube and how they make money from it. Or maybe you’ve seen those popular gaming channels that have hundreds of thousands of subscriberz. Or even those cute Vloggers who upload videos regularly on their main channel and also do side channels to earn a little extra money. You might have even come across some videos that showcase creators making six-figure incomes from ads and merch sales alone. If you haven’t, then you’re missing out! YouTube is one of the most dynamic media platforms today, and there are countless ways to earn money from it if you know what you’re doing. In this article, we will cover everything you need to know about YouTube, whether you want to make money as a creator or just watch videos for fun without worrying about monetization. Keep reading to learn more about this popular video platform and discover the different ways to make money from it as a creator or viewer.
What is YouTube?
YouTube is an online video-sharing platform owned by Google. Intending to provide content for the general public, YouTube allows users to upload, share, and watch videos from other users and upload their videos. Anyone can create a channel on the site, upload their videos, and earn money from advertising and affiliate links in their videos. Users can choose between either making a video for just themselves or a channel or uploading a video for a larger audience and earning money from it as well.
Why Should I Make Money from YouTube?
As an online video platform, YouTube is a great place to build a personal brand and start a side hustle. When you create YouTube channels, you can put your personality into your videos and connect with your audience. You can also use it as a tool for marketing your products and services. With the exponential growth in the popularity of Internet-based video consumption, the number of creators and viewers on YouTube has also grown. There are billions of views on YouTube every year, and there is always a demand for fresh and interesting content. Moreover, the number of creators is increasing constantly, too. Now, it’s easier than ever to get your content out to the public. With the right strategy, you can generate a steady income by monetizing your YouTube channel.
6 Ways to Make Money from YouTube
Now that you know why you should make money from YouTube, let’s take a look at the different monetization techniques other creators are using to make a full-time income from it.
– Channels with Thumbs up and Down. This is the most basic way to monetize videos on YouTube. If a viewer likes a video, they can click the ‘thumbs icon on the bottom right corner of the video screen. This increases the video’s ‘revenue per view’ (RPM) and makes the creator gets paid for that video.
– Ad Revenue. The amount of ad revenue you get from a single video depends on several factors, including the video’s popularity, viewer count, video length, and video quality. While most YouTube channels get a couple of hundred dollars per year from YouTube ads, some channels are making millions.
– Affiliate Links. YouTube partnered with several companies to allow creators to place affiliate links in their videos. When a viewer clicks on an affiliate link, the viewer’s internet device gets redirected to an external website that pays the creator a percentage of the earnings.
– Merch Sales. To make money from your videos, you don’t have to rely solely on ad revenue. You can also put your product in the video, then put links to the product pages at the end of your videos. In this way, you create extra income when your viewers buy the products.
– Subscriptions. Many channels offer subscriptions to their members. Some might charge you $2 per month while others charge a lot more, like $50 per year.
Which Platform Is Best for Making Money on YouTube?
Now that you know the various ways to make money from YouTube, it’s time to decide which one is best for you. The easiest way to decide is to look at each monetization technique and decide which one works best for you. Ad revenue is the easiest and most common way to make money from YouTube. Many channels don’t use any other monetization technique and earn money solely from ads. Affiliate links are one of the most effective ways to make money from YouTube. Brands and businesses can use affiliate links in their videos to earn money. Subscriptions are also a popular way to make money from YouTube. Some channels charge $2 per month while others charge much more, like $50 per year. Some channels even charge a one-time payment when you subscribe to their channel.
Where to Find Videos for monetization on YouTube?
One of the most important factors to consider when finding videos for monetization is to search for videos with the right topics. Popular topics on YouTube include cooking and food, fitness and exercise, parenting, and vlogging. To make it easier for you to find videos with the right topics, you can use the built-in search function or download a video discovery tool app like TubeMogul. You can also use keywords and tags to narrow down your search or use YouTube’s built-in video search function. Once you’ve found a video with the right topics, click the ‘reward’ icon next to the video title. From the menu that appears, select ‘monetization.’ This will open up a pop-up window listing all the different ways you can monetize the video. Once you’ve chosen a way to monetize the video, click the ‘monetize’ button next to it.
At the end of the day, whether you choose to make money from YouTube as a creator, subscriber, or advertiser depends on your creativity and business skills. However, there are also several ways to make money from YouTube that do not require much effort on your part. You can also use YouTube to engage with your audience and grow your brand. As long as you are creative enough, you can make money from YouTube.