Now, advertising revenue is the most obvious way to make money on YouTube. But that’s not the only way. To be honest, it’s the best way.
(Spoilers: The best way to make money on YouTube is anyway.)
YouTube is half the internet. There are 1.9 billion users who log on each month. At the same time, 500 hours of video footage is uploaded to the site every minute.
Therefore, this article does not explain how easy it is to buy a Swiss watch with YouTube views advertising revenue. (The video has been viewed millions of times, but you can rent it at least once. Please wait. Don’t do that.)
Follow along to walk through the 7 ways to monetize your YouTube channel.
1. Participate in the YouTube Partner Program
The YouTube Partner Program gives YouTube users access to special features of the platform regularly. You don’t have to be an affiliate to make money on YouTube (it’s enough to set up an AdSense account to increase your views), but becoming an affiliate makes it much easier.
In addition to video ads, YouTube partners have access to multiple sources of revenue, including YouTube Premium subscription fees and the ability to directly access the wallets of enthusiastic fans such as Super Chat, channel memberships, and shelving ( Details will be explained later). ).
2. Sell your product
Perhaps identify first as a content creator and then as an entrepreneur. (Remember that even Drake sells T-shirts.)
Alternatively, you are an entrepreneur first and then a video maker. This means that you probably already have a product and are designing a YouTube marketing strategy to sell it. In any case, products are a viable way to make money on YouTube.
3. Create Sponsored Content
If your brand can serve a large and/or enthusiastic audience and your content is relevant to your target market, they will probably want to hear from you. How big? Even his video explaining his brand partnership is big enough to have a brand partner.
4. Become an affiliate partner
If your YouTube viewers are loyal and enthusiastic, but still not enough, look for a company that is investing in affiliate marketing. Then they get the percentage of their sales made through affiliate links-you guessed it.
5. Get the fans to pay directly
This YouTube revenue strategy includes several different sources of revenue, but one thing they all have in common. It means that fans need to be able to easily show their gratitude with their credit cards.
6. Use crowdfunding
Soliciting donations online is now commonplace. Whether you want to generate continuous revenue with a small monthly donation or fund a personal channel-related project, many creators make money from crowdfunding.
7. License the content to the media
When a video becomes viral, all media outlets want to get a copy to play for their viewers. Fortunately, mainstream media companies recognize that they only have to pay for what they use. And when it’s done, you have another way to make money on YouTube.
As a content creator, licensing your most successful work to the media is as easy as making sure you find it easily.
