How To Make Money On YouTube in 2021
Some people think YouTube is just for entertaining platforms where uploading videos, doing product reviews, etc. But most of them use the YouTube platform for earning money from real life.
Are you looking for how to make money on YouTube in the digital world? In this article, we will clearly explain the process of earning money from YouTube. Being a professional YouTuber, it’s easy for you.
1. Promote Products on YouTube
If you’re ready to promote your own product or other products, YouTube allows you to enhance your business and create sales.
Are you wondering how it is possible?
If you promote your product via YouTube, it will reach more audiences. The audience engaged with your content, and if they liked your product, they definitely would buy them.
Products you can make include apps, ebooks, art, and music.
Make your products, and add them to a shopping cart. Add a product link to your video’s description so that viewers can buy it easily.
2. Provide Video Editing Services
As a YouTuber, the first thing going on their mind is how to edit the video effectively. Many of them have less experience in video editing. Whether you’re a professional video editor, you will advertise your process and how much you need to pay them.
Video editing needs to consume time, save energy, specialized expertise, and creativity, fulfill customer satisfaction, and keep the audience engaged. If you have created video sketches frequently for your channel, they will improve your skills while also expanding your portfolio.
There are various tools available in the market, such as Final Cut Pro X, Shotcut, etc. Both free & paid tools can be used for your editing.
3. Join YouTube’s Partner Program
To gain money directly from YouTube, you must join the partner program with any site. But if you want to join this program, you have to meet some criteria. Here I have listed out:
- You must be living in an eligible area
- You have 1000 subscribers in your channel
- Your video must follow the guidelines
- You have reached 4000 watch hours in the last 12 months
- You should link with Google AdSense account
Uploading more videos will help to reach the viewing hours on YouTube. Producing high-quality & entertaining videos are most probably to get views & subscribers. Without delay, you need instant engagement for your YouTube videos. Using a YouTube promotion service will help to get high engagement and meet the YPP criteria.
Once you get all the requirements, you can apply to YPP by clicking your profile and navigating to the “monetization” section.
4. Connect to Google AdSense
After completing your requirements as a partner, you should add your YouTube channel to Google AdSense, the company’s advertising system. Many advertisers use Google AdSense to bid space on YouTube videos based on factors such as video topic, your audience, and relevant keywords.
Based on the algorithm, you will be paid depending on the number of impressions for your videos when someone clicks or watches your YouTube ad. Ads don’t display all the time when someone watches a video, though. Hence, views don’t translate directly to money in your account. Also, YouTube holds the ad revenue, and then it wouldn’t reveal that rate.
You will get payments when you reach $100, so you might get paid every few months even if you have a small-scale channel.
5. Turn to Crowdfunding
There are two types of crowdfunding on YouTube such as recurring and project-based.
Recurring crowdfunding: It lets contributors pay the amount when they state on a common schedule. Suppose you want to maximize this recurring crowdfunding to turn a channel into a considerable income stream. Incentives such as private classes, one-on-one video chats, or merchandise can tempt the audience to sign up.
If you have any idea for a project that needs financial support, you can create a project-based crowdfunding campaign is a better way to go. Get started with websites such as Kickstarter, Indiegogo, GoFundMe, or Patreon.
6. Sell Products or Merchandise
There are a lot of products to sell that can help you earn money through your YouTube channel. Creating and selling products via merchandise such as coffee mugs, t-shirts, snapbacks, tote bags – these all give a benefit beyond revenue.
Merchandise improves your exposure by making your online brand and personality to the offline world and creating the deepest relationship between you and your followers as they precisely buy into what you are doing.
For example, Roman Atwood sells different types of products in his store using the merchandise. All the products were categorized by the Smile More brand.
7. Become a Brand Ambassador
Top brands are ready to invest a lot of money in influencer marketing because in the next decade, influencer marketing will be rocking! Spending a huge budget on influencers who have already won the audience’s hearts and gained a response from the viewer’s side.
For example, Brendan Gahan is a YouTube influencer and marketing expert who recommends publishing your baseline flat fee by looking at your videos’ total views and multiplying it by 5 to fifteen cents per view.
According to Aqer, becoming a YouTube influencer is the highest-paid platform for brand partnerships. You can potentially charge a mid-level influencer by brand around $20 per 1000 subscribers or $2000 per $100000 followers.
Frequently Asked Questions About Make Money on YouTube:
How do I earn money on YouTube?
In this article, I have listed out a few techniques for making money on YouTube. If you have not used these strategies, you will use them right now.
How many subscribers do I need ?
You have 1000 subscribers and 4000 watch hours in the last 12 months after joining the YouTube Partner Program and making money from YouTube ads.
Wrapping it up
Earning money is the essential thing to survive in the world. Some of them went to the office, some of them ran business. But, few people only think about earning money from social media. One of the popular social media is YouTube, and more than 1 billion followers are there. If you want to become an influencer, you have to work hard & learn YouTube strategies.
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