Are you a social butterfly and wondering how you can use this personality trait to make money? Naturally, you know one can earn a living entirely on social media. The plus side is that you’ll make ends meet doing what you love. And while there are multiple online interactive platforms at your disposal, let’s focus on how you can use YouTube to make money.
The gig economy has made it possible for anyone to earn a living without having to venture into a 9 to 5 job. YouTube offers a platform for creators to produce content and, in return, receive handsome compensation. All you need is authenticity, engaging material, consistency, and a substantial following.
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How Can Anyone Make on YouTube?
Creators with millions of followers tend to make up to seven figures on the platform. Those with a smaller audience can also earn from YouTube, but certainly not as much. For an active channel with 100,000 subscribers, the average monthly earnings fall between $2,400 and $4,000 monthly.
Nevertheless, beginners and intermediate content creators can use the platform as a side hustle and keep growing their channels if they want to make YouTube a full-time job in the long run.
The more videos you upload, the more views you get and the more money you can make. In truth, the amount you stand to earn from YouTube is completely up to you. Here are some of the ways in which you can succeed in this venture.
Also Read: What Are The Best Hours To Post On YouTube
Secure a Brand Deal and Create Sponsored Content
Business owners know what impact a YouTube channel with many views and followers can have on their businesses. For a content creator, product promotion provides a foolproof money-making avenue.
Ideally, brands get in touch with you to market their products. As your channel grows, you can also approach businesses you would like to work with and negotiate on remuneration. You can either do a product review or briefly mention the item to bring it to your audience’s attention. Of course, ensure what you are promoting is of value to a large percentage of your viewers and that it’s also something you genuinely believe in.
Once you have gathered a significant following, you can create products for your viewers to buy. You are now a “celebrity,” and most people will want to associate with you.
To make this happen, partner with reputable players in your niche, develop appealing products, and brand them as you’d like. Use methods and features you know will attract your audience. You can also sell other products like e-books, recipes, or anything your followers can relate to.
To get your sales going, actively encourage your viewers to check your products out, then add links to the e-commerce page to every video you upload. The best part about selling merch is, unlike when promoting other people’s products, you get to keep all the profits from your sales.
Offering Memberships for Your Channel
If you want to maximize earnings on YouTube, introducing memberships to your channel is an excellent way to go about it. And while you get to decide on the monthly amount your members pay, keep it reasonable to attract as many of them as possible.
Once you introduce memberships, you get to post exclusive content for your most passionate subscribers. Membership unlocks access to content that does not reach your public channels, such as behind-the-scenes footage and Q&A sessions. You can also offer custom loyalty badges, one-on-one video calls, and discounted merchandise to entice your subscribers into becoming members.
Participate in the YouTube Affiliate Program
If you want to earn from YouTube ads, you have to register for the YouTube Partner Program. To become a member, you must have gained 1,000 subscribers and 4,000 hours of watch time for your videos in the last 12 months. Once this has happened, you are approved and can make money from advertisements.
Try making your videos over 10 minutes to get more watch hours and boost your earnings through YouTube ads. You must also follow YouTube monetization policies and live in an area or country that allows earning through YouTube advertisements, such as the United States. You also have to link your YouTube account to a Google AdSense account.
In 2023, YouTube also enabled affiliates to receive ad money on Shorts. Shorts are YouTube’s equivalent of TikTok-style short-form videos.
Making money on YouTube is not necessarily a hard nut to crack. The catch to it is consistency and high-quality videos. In 2023, a significant number of people around the world, especially the youth, are making big money from YouTube. Don’t you agree that the video-sharing platform could be a legitimate source of extra income in the United States ? If you are tired of the monotony of your everyday job, sign up and work towards monetizing your YouTube channel.