Did you know that it is possible to get a new and full-time revenue stream only if you are interested in details on how to make money on YouTube?
There are many reasons why you may decide to create a YouTube Channel among them for entertainment or education purposes. However, the thought of earning from YouTube doesn’t cross.
Come to think of it, the idea of making some cash from this doesn’t sound so bad. Does it?
Most of the content on YouTube is for entertainment, educational, and review purposes.
Besides the amazing content that you are hooked to on YouTube, there are chances for you to earn big from this giant video platform.
One thing though, opening a YouTube Channel is not enough. You must monetize it which gives you access to the YouTube Partners Program or YouTube Premium, or hire a professional to help you.
There are several ways to generate income from YouTube among them ads and views from your content.
This article explores in depth the six different strategies you can employ to rake income from YouTube
1. Join YouTube partner program
There is nothing important for anyone looking at earning money from YouTube than doing everything right from the start. With the partner program, the platform allows you to have a personalized Adsense account.
A complete package of the programme comes with customized attributes which you can monetize.
2. Market your wares
Making money from YouTube starts with two things; content creation and entrepreneurship.
Many successful YouTubers who are selling their merchandise on the platform start through their creative works and then embark on a journey to market and sell their wares. This is a cool way to bring in revenue from YouTube.
3. Sponsored content
If you are a brand influencer, it is time you thought of sponsored content in a different way your goals aligned to making money from YouTube.
It is as easy as eating candy since all you have to do is negotiate with the company you are advertising. The firm then pays you directly for offering a huge audience that is interested in the particular brand or product you are advertising.
You simply create a video highlighting a particular brand or product and let it off to your audience.
Across the world, YouTubers are cashing in on sponsored content as a revenue stream.
4. Direct payment from fans
Your fans can be another source of income on matters YouTube.
With the new feature Super Chat exclusively available to YouTube partners, you can have fans or viewers pay to have their comments visible during a YouTube live session or a chat stream.
Also, you can earn money by charging fans to become loyal members of your channels and in turn, they get customers emojis, badges among other things.
With an already approved crowdfunding site, pooling resources from your fans could be a source of generating revenue.
You can create a video project which details the purpose and intent of the project. This allows your fans to decide how much they will donate.
A superb crowdfunding strategy also has a communication element to alert the fans that you have succeeded in implementing the project.
6. License your content
Having your YouTube content licensed is akin to patenting it, therefore, anyone or any media outlet which uses your content must pay for it.
It doesn’t matter if your video is viral or not because it could be picked up by the media for different purposes.
You can secure your rights for it through several platforms such as Jukin Media known for is the exclusive catalogue of new worthy content.
With at least 20,000 views on your video, you earn $5 for every 1,000 views and you only get to access your money once the balance is $100.
However, the channel must have a minimum of 1,000 subscribers who have in the last year accumulated a maximum of 4,000 hours.
An AdSense account for YouTube must be set up and the video giants must also approve the creation of your account.
When all these are set up, you can start creating content and capitalizing on the different revenue streams on YouTube.
Since the goal is to generate revenue from YouTube, consider several factors such as the niche and how you optimize the available revenue streams.
Cashing in on ads, using affiliate links increases your YouTube revenue besides the pay-per-view model or the impression model that YouTube widely uses in its payments.
Employing other methods of earning such as creating sponsored content gives you better leverage in making more money.
Once your channel clocks 4,000 hours of watch time in 12 months and has 1,000 subscribers, YouTube monetization features give you a boost to incorporate other revenue streams.
HOW MUCH MONEY DOES 1 MILLION YOUTUBE VIEWS MAKE?
YouTubers who have been blessed with content clocking one million views say that have earned between $2,000 - $5,000. The amount you earn from these views varies based on the number of advertisers and the weight of their budget.
The more advertisers you have with a heavy budget, the more likely you are to get more revenue from 1,000,000 views.
Another factor that determines how much you make from a video that has garnered one million views is the topic and the cost per thousand views (CPM).
If your video is pushed by YouTube’s algorithm to non-subscribers and countries with a lower CPM, you will earn less.
With all factors constant, you may earn more from the same video.
A testament that YouTube is a great revenue stream, a nine-year-old boy by the name Ryan rakes in $26 million annually and has a total of 23.3 million subscribers.
Ryan won the hearts of millions of subscribers when he started a toy playing session. One of his videos garnered 1.9 billion views. Advertisers, mostly firms manufacturing toys tapped on his huge audience to market their products.
He has since evolved and does animation for young children.
Learning that you can make money on YouTube is great. You discover that there is much more to the videos you watch than you think.
The good part of it all is that many people have nailed this and have a consistent flow of income from YouTube, therefore, you can make it.
All you need is pushing yourself more, persistence, and making smart decisions.