How Do You Make Money On Youtube? Top 10 Methods
In this article, we'll talk about methods you can use to make money using Youtube. A lot of you ask how do you make money on Youtube, that's why I decided to create this post and show you all methods you can use in order to create another stream of income.
As you maybe already know, Youtube is a big source of income if you know how to do it right and most important if you are consistent with your work you can make even 7 figures, a little below I will show you the best-paid channels in 2020. According to Gq, these 10 channels are the top earners on Youtube in 2020:
- Ryan Naji - Earnings: $38.9 million
Total subscribers: 41.7 million
Views: 12.2 billion
- Mr. Beast - Earnings: $31.6 million
Total subscribers: 47.8 million
Views: 3 billion
- Dude Perfect - Earnings: $30.3 million
Total subscribers: 57.5 million
Views: 2.77 billion
- Rhett and Link - Earnings: $26.3 million
Total subscribers: 41.8 million
Views: 1.9 billion
- Markiplier - Earnings: $25.7 million
Total subscribers: 27.8 million
Views: 3.1 billion
- Preston Arsement - Earnings: $22.4 million
Total subscribers: 33.4 million
Views: 3.3 billion
- Nastya - Earnings: $24.3 million
Total subscribers: 190.6 million
Views: 39 billion
- Blippi - Earnings: $22.4 million
Total subscribers: 27.4 million
Views: 8.2 billion
- David Dobrik - Earnings: $20.4 million
Total Subscribers: 18.6 million
- Jeffree Star - Earnings: $19.7 million
Subscribers: 16.9 million
As you can see these people are making a lot of money using Youtube, even if you don't make the same amount of money when you start with Youtube, I can ensure you that you can make your living only from Youtube if you offer quality content to your subscribers.
How Do You Make Money On Youtube?
There are multiple ways to make money on Youtube and we will talk about every one of them, but before that, you need to understand that making money online it's not a simple thing like everybody tells you, this will not happen overnight. In order to make money online using Youtube, blog, social media, or any other application or website you will have to do hard work especially in the beginning.
Here are 10 methods you can use to make money on Youtube:
- Become a Youtube partner
- Sell products and services to your audience
- Crowdfund your next project
- Offer video editing services
- Get Brands To Sponsor You
- Sell Online Courses (And Other Informational Products)
- Start A Paid Membership Program
- Meet up with fans in the real world
- Drive traffic to your blog/service
- Become An Affiliate And Review Products
Ok, so there are a lot of ways you can make money online but, still, how do you make money on Youtube? Let me give you more details about every method from above.
Become a Youtube partner
Becoming a Youtube partner is probably one of the easiest ways, yet very profitable, you can choose because the only thing you need to do is to create new content weekly. (at least 2 - 3 videos in the beginning).
Through this method, you will earn money from Youtube Ads (Adsense), but to be able to earn money from ads you will have to join the Youtube Partners Program. In order to be accepted in this program, your channel needs to have 1000 subscribers and 4000 watch hours in the past year.
Here is how to enable monetization on your Youtube channel:
- Sign in to the YouTube account you want to monetize.
- Click the icon for your account in the top right corner.
- Click YouTube Studio.
- In the left menu, select Other Features > Monetization.
- Read and agree to the YouTuber Partner Program terms.
- Create a new AdSense account or connect an existing one to your channel. (You need an AdSense account to get paid.)
- Set your monetization preferences.
Once the monetization is enabled for your account you will start earning money from every view. According to a variety of sources, you can make anywhere between $0.01 to $0.03 per view with AdSense, with an average of $0.18 per view. However, the amount of money YouTube.com will pay depends on a variety of factors, such as:
- The number of views your video receives
- The number of clicks an ad receives
- Ad quality
- Video length
Sell products and services to your audience
Selling merchandise to your audience has a double benefit because of course, you make a profit selling different types of products like coffee mugs, tote bags, t-shirts, snapbacks. But the second benefit you have using this method is that your brand will be known offline too. Imagine how many people can see your brand if you sell t-shorts to your audience.
Crowdfund your next project
You probably know what crowdfund means but for those who don't know, let me explain to you. If you have an idea of a product or a service that can solve a real problem for the people but you don't have the money to start working on it or to hire skilled people to work for you, this is where crowdfunding platforms come in. There were few projects made by Youtubers like this one, Kung Fury. In order to be funded by other people, you will have to present a trailer or something like that in order to get the people's attention. The most popular platforms for Youtubers are Kickstarter and Indiegogo.
Offer video editing services
As Youtube becomes more and more popular a lot of people are looking for other people to make certain services for them. In order to create a successful Youtube channel you need to have video editing skills and also creativity in order to keep the viewers engaged. If you know how to do all these things you can offer your services for a price, also you can go to the businesses in your area and offer your services to them.
Get Brands To Sponsor You
Probably this is the best moment you can use this strategy to maximize your profit because more and more brands are looking for influencers in order to promote their products. As a creator, you have a great opportunity to make a lot of money if you know how to negotiate a good deal. Brendan Gahan, a YouTube marketing expert, recommends establishing your baseline flat fee by looking at the number of views your videos typically get and multiplying it by 5 to fifteen cents per view.
Here is a list of websites where you can add your channel:
- Grapevine Logic: One of the more popular influencer marketplaces, you only need 1,000 followers to join.
- Famebit: With a wide range of brands to work with, you might find a sponsorship opportunity you’ll be proud to be a part of. You need 5,000 followers to join.
- Channel Pages: Partner with other YouTubers as well as brands.
- Crowdtap: Complete small content creation “tasks” in exchange for money and other rewards. There’s no restriction on how many followers you need to join.
Sell Online Courses
Selling courses was one of the most profitable business models in 2020 and for sure it will be in 2021 too. If you are an expert in a particular niche you can use your Youtube audience and sell them your courses. Once you get some reviews from real clients you can scale up and start making paid advertisements.
Start A Paid Membership Program
Youtube Ads (Adsense) is not the only option you can choose when it comes to Youtube revenue. You can also create some videos only for Youtube premium members and get some money from their membership too. It's a good strategy and you can maximize your monthly revenue.
Meet up with fans in the real world
You might ask yourself how do you make money on Youtube by meeting up with your fans? By meeting up with your fans you become more popular because all your audience can finally know you in person. Also, you can check other Youtubers when they meet with their fans, they sold a lot of physical products because the people are enthusiastic and want to have at least a memory from that day, and if you make a good strategy you can make a lot of money from this meeting.
Drive traffic to your blog/service
Let's say that your channel is pretty new and you haven't reached the requirements of 1000 subscribers and 400 watch hours in the last year but still you can add your website links in the channel description and in every video description. By doing this you have double benefits, first, your website SEO will improve because it gets high DA backlinks and second you can reach potential customers that can buy from your website when they reach there.
The last in our top of how do you make money on Youtube is one of my favorite.
Become An Affiliate And Review Products
Affiliate marketing is one of my favorite business models because the only limit here is the one you set yourself. By becoming an affiliate is one of the best choices you can make. (only if you like this business model). The best thing about this method is that all people that come to your channel for a review are already prepared to buy something. If you pack the review well you will make a lot of sales because people who are looking for a review, they already know the product, they only need a few arguments to make a purchase.
I hope you enjoy this top on how do you make money on Youtube, let me know what you think in the comments section. Also if you want to get started with affiliate marketing and make money after 15 days of training check this review.