How to profit from YouTube
Here we are going to review six ways you can follow to profit from YouTube in different and specific ways. Ad revenue is known as the most obvious way to make money from YouTube.
However, there are other ways that are a bit better, and I will show you how to profit from YouTube through these detailed methods.
YouTube is a large part of the internet, with about 1.9 billion users using it every month. At the same time, 500 hours of video are uploaded to the platform every minute.
Therefore, it is clear that this article will not discuss the ease of buying a Swiss watch through ad revenue on YouTube. (But if you have millions of views, you may be able to buy one. Wait, don’t do that already.)
Let’s continue reading, as we will explain six ways you can follow to profit from YouTube. These methods are:
1. Become a YouTube partner.
2. Sell your own products.
3. Create sponsored/advertised content.
4. Get your fans to pay you directly.
5. Use crowdfunding periodically or for a single project.
6. License your content to media outlets.
Now, let’s learn some step-by-step instructions on how to make money on YouTube.
How to make money on YouTube step by step:
1. Become a YouTube Partner:
The YouTube Partner Program is how you can access special features on the YouTube platform for regular users. Of course, you don’t have to be a partner to make money on YouTube (just setting up an AdSense account and getting enough views is enough), but becoming a partner makes it much easier.
It gives YouTube partners access to a variety of income streams: not just ads, but also YouTube Premium subscription fees and fan-supported features like premium chat, channel subscriptions, and a merchandise store (we’ll talk about these features later).
Step 1: Create your own YouTube channel.
Don’t worry, we have a detailed guide on that. It’s called “How to Create a YouTube Channel.”
Step 2: Make your channel successful enough to meet the requirements of the YouTube Partner Program.
To join the program, you need to have at least 1,000 subscribers and 4,000 watch hours in the previous 12 months.
Step 3: Set up an AdSense account.
This is a simple step. You can follow YouTube’s official guide to setting up an AdSense account.
Step 4: Explore new monetization features.
Each channel has different eligibility requirements to monetize. For example:
- Ad revenue: To earn income from ads, you must be at least 18 years old and create content that is suitable for
advertisers. In general, the less controversial your videos are, the more advertisers are willing to show ads on your videos, and the more money you make.
- YouTube Premium revenue: If a YouTube Premium member watches your videos, you get a percentage of their subscription fee. (This is automatic and rewarding.)
- Channel subscriptions: You can sell subscriptions to your channel to subscribers who pay extra, such as offering exclusive content. You must be at least 18 years old and have over 30,000 subscribers to do this.
- Merchandise Store: You can sell products from your YouTube merchandise store, which requires you to be at least 18 years old and have at least 10,000 subscribers.
- Super Chat Donations: If you want your fans to be able to pay to have their messages highlighted on your live stream, you must be at least 18 years old (and this must be available in your country).
Step 5: Apply to join the YouTube Partner Program and grow your channel.
As a YouTube Partner, you will get to level up your channel according to YouTube’s guidelines. Not only do you have to follow the YouTube Partner Program policies, but you also have to adhere to the Community Guidelines and comply with copyright laws.
2. How to Make Money on YouTube by Selling Your Own Products:
You may be a creator first and an entrepreneur second. (Remember, Drake himself sells T-shirts.)
As an entrepreneur and video creator, you likely already have a product, and you can design a YouTube marketing strategy to sell it.
In general, products are an effective way to make money on YouTube.
Step 1: Imagine and design your product.
The products you sell on your channel are meant to enhance your connection with your audience and represent you to them. Therefore, your products should be unique.
For example, Hawaiian YouTube star Ryan Higa launched a milk-based energy drink called “Ninja Milk” to capitalize on the popularity of his viral comedy series
“Ninja Milk.” In addition, he also sells T-shirts and other products from his online store. “Ninja Milk” has a wide enough appeal to have its own website.
In short, you can choose either of these two methods or mix them together to make money on YouTube. It depends on the type of content you produce and your target audience. Remember, consistency, commitment, and providing value to viewers are the key elements of success on YouTube.
How to activate the monetization feature on YouTube
How to monetize from YouTube
In order to activate the monetization feature on your YouTube channel, you must meet some basic conditions and requirements to qualify for the profit partnership. Here are the steps to follow:
1. Open a YouTube account: Create an account on YouTube if you do not already have one.
2. Create a channel: After creating your account, create a channel on YouTube. You can do this by going to "Channels" in the user side menu and selecting "Create a new channel".
3. Check the terms of participation in the profit partnership: You must go to the YouTube profit partnership terms page and make sure that you meet all the requirements. Remember that the terms may change from time to time, so be sure to review them regularly.
4. Check the usage and rights policies: Make sure that your channel content adheres to the policiesUse and applicable rights on YouTube. Your content must be free of infringements and illegal use of copyrighted materials.
5. Check your channel performance: Your channel must meet a certain standard for views and subscriber count before you are eligible for the partnership program. Although YouTube does not set a fixed number of views or subscribers that you must receive, having a large audience increases your chances of qualifying.
6. Enable Monetization: If all the conditions and requirements are met, you can now enable monetization on your channel. You can do this by going to the “Content Settings” section of your channel, then selecting “Monetization Partnership” and following the displayed instructions.
7. Update Payment Information: You will need to update your payment information so that YouTube can transfer the revenue due to you.
After enabling monetization, ads will be able to appear on your videos, and you will be eligible to receive revenue from ads on your channel. You must be patient and work hard to develop your content and grow your audience base to earn more on YouTube.
How much is 1000 views on YouTube?
How to make money from YouTube
The value of 1000 views on YouTube is not fixed at a fixed price, as video revenue depends on several different factors. Revenue from advertising is calculated based on a model known as "CPM" or "cost per thousand views", which refers to the amount paid by the advertiser for every thousand views of the ads.
Due to changes in advertising, content, and consumer policies on YouTube, the average CPM varies from one channel to another. Factors such as video content, target audience, target country, time spent watching the video, and more can all affect the amount of revenue you get from 1000 views.
In general, channels that produce high-quality content and target a wide audience may achieve a higher CPM. In countries with a large fan base, you may have a greater opportunity to get more revenue.
I cannot determine the exact value of 1000 views on YouTube based on the data available to me as of the date of knowledge in September 2021, which may be outdated now. Therefore, it is preferable to review the current terms of the YouTube Monetization Partnership and to review the updated policies in effect when you enable the monetization feature on your channel.
How to receive money from YouTube?
How to earn money from YouTube
When you generate revenue from ads on your YouTube channel, the total amount earned is added to your AdSense account, which is an advertising service affiliated with Google. You can then receive money from your AdSense account according to the applicable payment policies. Here are the general steps on how to receive money from YouTube:
1. Create an AdSense account: Create an AdSense account if you do not already have one. You can visit the AdSense website (https://www.google.com/adsense/) and go to the registration page to create an account.
2. Link your YouTube account to your AdSense account: Go to your YouTube Channel, then click on Monetization Partnership from the channel menu. You will be redirected to AdSense to link your YouTube account to the new AdSense account you created.
3. Minimum Earnings: You must meet the minimum earnings requirement before you can receive money. The minimum amount varies by country and currency, and you can learn more about minimum earnings on the AdSense support page.
4. Financial Settings: Complete the financial settings in your AdSense account, where you will select a payment method and enter the required information, such as your bank account information or email address for receiving checks.
5. Receive Money: After you have exceeded the minimum earnings and completed the financial settings, the money will be sent to you according to the payment schedule specified by AdSense. Payment methods can vary depending on the country and requirements.
The most important points are to stay on top of YouTube and AdSense policies and work on improving your channel content and growing your audience to increase your chances of getting more revenue from YouTube.
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