7 ways to earn money from YouTube?

Are you fascinated with the world of the Digital Era? Or do you want to get into the video part of it? There are so many ways to make money from Youtube, from vlogging to explainer, travel, and courses.

Yes you can!

Gone are those days when you used to go to your office and earn a monthly salary after a hefty qualification.

But your work setup can now change with YouTube, a platform where you get loads and loads of content. You can upload your own and earn from it. Don’t be fooled by how easy it might sound to create and make money from YouTube… It is actually a long process but filled with great adventure.

Is making money from YouTube easy?

You may often hear them a lot from the videos you watch, but compelling your audience to like, share, and subscribe to your channel is not as easy as it sounds. In earlier times, making money from YouTube was very simple as uploading great content. You could specialize in a certain topic or niche more easily to gather millions of views and receive a share of advertising revenue. However, the increase of people getting access to mobile devices led more and more people to upload content on YouTube. An increase in access to proper tools to monetize or earn money from their content plays a big part.

Along with advertisement, a new avenue of earning money from YouTube has opened up. It now includes corporate sponsorships from a major brand, merchandise sales, or fan funding.

To most of our surprise, there are now 5 million videos viewed from YouTube daily. And these videos are not just watched but are consumed.

An average YouTube video consumption by a viewer is roughly 40 minutes, which is up to 50% greater than last year.

So, lets fold-up the ways in which you can earn money from YouTube.

In this article let’s dissect:

How to make money from your YouTube channel

Imagine a situation ten years ago, when you might not have thought that the larger the page or the video traffic, the larger the money you can make. But, as a matter of fact, it is the kind of reality we now live in! There are many ways for it, and that’s how many people have cashed in on their video strategy.

1. Google Ads

Starting with the first step — Join the YouTube Partner program

After joining the program, you can now have access to special tools to monetize your videos through Google Ads. One main component here is that you should have a minimum of 1000 subscribers and 4000 hours of earlier watch time.

Google Ads monetize your videos videos through pre-roll, display and other advertising formats.

The advertiser pays the content creator based on the number of clicks on your video and the impressions (views) afterward.

The revenue distribution from a particular video is distributed among content creators and YouTube in the proportion of 55% and 45% respectively.

There are specific guidelines that the content creator must adhere to, or YouTube will not place ads in videos. For instance, content with foul or bad language, adult content, and related subjects is banned in the platform. You can click here to know more about Google Ads policies.

2. Brand sponsorship

Unlike any other advertising mode, a new way of gathering people towards your brand or product is to get a social media influencer who has a great number of subscribers and can help your brand have a great reach.

This has become the mantra of every other company nowadays.

The concept of Influencer Marketing is playing a pivotal role in increasing the revenue of a company and, side by side, increasing the revenue of content creators who have a great number of followers. This bidirectional relationship promotes the brand or product in their videos and allows the content creator to make money from YouTube.

3. Fan Funding

The more the number of your YouTube subscribers are, the more you can earn from your YouTube channel.

Yes, you heard it right, often you have seen or heard people sharing or subscribing to the channel they like on YouTube as a supporting gesture to their favorite content creators. However, there’s a new way of supporting your favorite content creator: fan funding.

When you have crossed more than 30,000 subscribers in YouTube, you can avail this option at your YouTube channel. Your can now receive donations from your supporters who make recurring monthly payments in exchange for your bonus contents such as badges, special videos, live chats, or any other contents. This is a new way of earning money from YouTube.

4. Merchandising sales

Last year, YouTube added one more feature to sell products from within the platform, adding one more way of earning money from YouTube.

You can now sell products to your followers or subscribers and thus can earn good money from YouTube channel.

So all of these are the ways in which you can generate money from YouTube.

Now, let’s dive into some practices which can be beneficial for you as a content creator

As a part of how you can earn money from YouTube, the following points will let you unfold the ways of increasing subscribers.

5. Create rich and engaging contents

Whenever you open YouTube, you probably ask a question, which is, in general, a solution for your problem. Therefore, creating content that answers the probable problems of your target audience can really make your channel engaging, and at the same time, gain a great follower base.

The more followers you have, the greater will be the impression (views). And the more chance for you to make money from YouTube.

6. Follow established channels

By following channels with large subscribers and great engagement, you can learn how they increased their followers.

You should also optimize your videos for YouTube search. To do this, you have to use google keyword planner to find words that many people search for and include them in your content or the description box of your videos.

7. Paid promotion

Besides having good and quality content, you also have to look for promotional strategies that include aid promotion through other YouTube channels or social media promotion, generating traffic to your channel.

All the above points will guide you in increasing your followers and subscribers, which will further help you generate good content. After that, you will know who your audience is and which videos have the most likes. In this way, you can manage your content accordingly, as most of the earning options had some minimum criteria of subscribers and watch-hours, which is a must to use those tools to earn from YouTube.

There are some revenue generation challenges that YouTube content creators might face.

Since 2018 the YouTubers were paid only on monetized views and not on the total views. The effective cost per thousand (CPM) was far below.

Are you now ready to open your YouTube channel?

Yes, it is not easy to get subscribers, likes, and views on YouTube. At least, not as it was in its earlier days. But keeping all the points we discussed in mind helps you develop and increase your follower base and grow a good and loyal audience. You can definitely earn recurring income in the form of money from YouTube.

Today people are more attracted to YouTube channels that have a large and invested fanbase. You are probably one of those people searching for any content YouTube who considers first how many subscribers or views the channel has before checking for the content. And you can only build your reputation when you start now. Like they always say, the best time to start something is today.

Always remember:

If you are considering to be a travel vlogger, we wrote this article just for you.

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