This post will explain Make Money On YouTube. 12 tested strategies for monetizing YouTube in 2023. Do you want to know how to monetize YouTube? There are many additional monetization strategies you can employ, but YouTube adverts and revenue from YouTube Premium subscribers are among the most well-liked ways to make money on the network. Some even give you the option to make money without relying on YouTube, ensuring that you won’t lose your monetization due to a Community Guidelines dispute.
How To Make Money On YouTube In 2024 12 Proven Tactics
In this article, you can know about How To Make Money On YouTube In 2024 12 Proven Tactics here are the details below;
In this article, we’ll go through a number of monetization techniques you can utilize to start making money on YouTube or increase your earnings.
Let’s get started.
1. Join the Youtube partner Program
Even though this strategy is probably the most obvious, it ought to be mentioned.
The best approach to monetize your channel through passive income is through the YouTube Partner Program. When video adverts appear during your videos, it enables you to make money.
You must have at least 1,000 members and 4,000 watch hours during the last 12 months to be eligible to join the Partner Program.
Additionally, you must have a linked AdSense account, be a resident of one of the program’s supported nations or regions, be clear of Community Guidelines strikes, and abide by all monetization rules.
search engine adverts
Adhering to YouTube’s Community Guidelines and AdSense standards constitutes following “monetization policies” in the majority of cases.
This means that your content needs to be free of spam, hate speech, and cyberbullying, suitable for children, and devoid of illicit or immoral activity.
The following content is prohibited by Google’s AdSense guidelines:
Videos of repetitive content are so similar to one another that viewers would find it difficult to tell one from the other.
reused material. This is characterized as using, without modification, the content of other people in your videos.
How to apply for the Youtube Partner Program
Make sure your YouTube account has two-factor authentication enabled before submitting an application for the Partner Program since AdSense demands it.
You can submit an application through YouTube.com using the web browser on your computer or the YouTube Studio mobile app.
YouTube Studio revenue
Open the Monetization page on a computer by clicking your profile image, YouTube Studio, and then your YouTube channel.
Select Monetize from the bottom menu of the app.
Applying from here is simple:
Accept the terms and conditions of the YouTube Partner Program.
Your YouTube channel should be connected to an AdSense account.
Be patient while YouTube evaluates your application.
As soon as you’re accepted into the program, you can activate monetization and control your ad options.
2. Use affiliate links in your videos
One of the best ways for YouTube influencers to monetize their channels is through affiliate marketing, especially for smaller channels that aren’t yet approved for the YouTube Partner Program.
You can generate income through affiliate marketing by advertising the goods and services of other companies.
You receive a unique affiliate link for the good or service you recommend. You will get paid a commission when a viewer clicks on this link and buys something. There is no extra cost to them.
The term for this is a commission. The amount varies depending on the affiliate program, but it usually ranges between 10% and 30%. Some businesses provide more than this, while others do not.
The potential to make money without relying on YouTube commercials is affiliate marketing’s biggest advantage for YouTube content producers.
YouTubers frequently lament the “demonetization” of the site.
G2 demonetization of YouTube
When this occurs, it indicates that one of your videos has been demonetized as a result of a violation of the Community Guidelines being found by YouTube’s automated review system.
Due to the automated nature of this review method, it frequently identifies false positives that are not always eliminated after additional examination.
For YouTube content creators, monetization techniques like affiliate marketing are essential because demonetized videos don’t generate any advertising money.
They make sure you always get paid for your videos, even if YouTube stops paying you.
How to get started with affiliate marketing
You must sign up for affiliate programs and create affiliate links for the goods and services you wish to advertise on your channel in order to begin using affiliate marketing.
Start by taking into account the merchandise that commonly appears in your videos. They are already well-known to your YouTube audience, so it makes sense that you would make them into affiliate items.
To find out which additional products offer the best commissions, do some research on your niche.
After that, you may start adding affiliate links to the descriptions of your videos.
To identify programs you can promote, look at our post on affiliate networks.
3. Create sponsored content
This is another another traditional method of monetization that YouTube influencers frequently employ to make up for a lack of ad revenue.
Brands pay to appear in your films when you produce sponsored content.
This often entails setting aside a “sponsor spot” in each video. This is a 30- to 1-minute presentation of your sponsor’s goods, together with information on how and where viewers may buy it.
Some YouTubers make entire videos just to promote their sponsors’ goods.
rectangular sponsorships
There isn’t a set number of subscribers required to be sponsored on YouTube. Everything depends on how you present yourself to prospective sponsors.
However, you can charge more as you gain more members because sponsors will be more likely to generate a profit.
How to get sponsored on youTube
Influencers on YouTube are frequently approached by sponsors directly, but you may also go looking for them.
The latter choice is especially advantageous if you have video ideas but lack the necessary funding because some channels receive complimentary products in lieu of payments.
Add a business email to the bio sections of every social media site where your brand has a profile, especially YouTube, Instagram, and TikTok, to make your channel more accessible to sponsorship requests.
Additionally, you ought to include it in each video’s description that you post.
Many sources state that you can earn between $10 and $50 for every 1,000 views of sponsored material.
What this means is…
For a video with 10,000 views, you can pay $100 to $500.
A video with 50,000 views can earn you $500 to $2,500.
For a video with 100,000 views, you can pay $1,000 to $5,000.
A video with 500,000 views can earn between $5,000 and $25,000.
A video with a million views will cost between $10,000 and $50,000.
How much you earn depends on your niche, number of subscribers, and average views across all of your videos.
During negotiations, put together a media package that you can give to prospective sponsors. This should be a multiple-page PDF document that lists the brands you’ve previously collaborated with, your audience demographics, and channel analytics.
4. Use Patreon and other third-party subscription services
By providing exclusive material on third-party platforms in exchange for premium subscriptions, a lot of YouTube influencers earn money.
Patreon is one of the most well-known sites. However, there are several substitutes available, including OnlyFans and Substack.
subscription tiers for patreon
There are various tiers of subscriptions. You get more content and special bonuses as you subscribe to a higher tier.
On Patreon, many YouTubers provide a base tier that gives supporters early access to forthcoming content.
Access to extra content, extended content, uncensored content, members-only Q&A sessions, additional content, and more is available at higher tiers.
5. Accept channel memberships
YouTube’s response to outside subscription systems like Patreon is channel memberships.
Members-only YouTubers feature a Join button next to the Subscribe button.
the join YouTube button
Typically, monthly subscriptions cost $4.99, but you can upgrade to higher tiers with additional benefits.
Like Patreon, YouTube does deduct a portion of your subscription fees. They take 30% of what your subscribers pay, thus for a $4.99/month subscription, you’ll only get paid $3.49/month.
The following are typical benefits for channel members:
sleeve badges
channel-specific emoticons
private livestreams for members
Exclusive live chat for members during livestreams
only-available community posts
Bonus material
As paying subscribers don’t have to leave YouTube to enjoy the premium material they purchased, it’s a fantastic alternative to Patreon.
6. Create branded merch for your YouTube channel
Have you ever been managing a YouTube video when you spotted a few items with the channel’s branding on them beneath the description?
It’s easy to give your visitors a means to support you without the commitment of a subscription with branded items, also known as “merch.”
Additionally, they receive something material in exchange, typically a hoodie or a t-shirt.
channel items on YouTube
If you lack artistic talent, you can simply make images for your own merchandise using a tool like Canva, or you may hire a graphic designer through Fiverr or Upwork.
However, the majority of YouTubers, especially smaller producers, use print-on-demand platforms like Printful, Redbubble, and Teespring. You can also work directly with suppliers or send merchandise from your own warehouse.
With tools from Sellfy, Shopify, and WooCommerce, you can even build an online store and link it to a print-on-demand provider.
Services for printing on demand are widely used since they are inexpensive and require little upkeep.
Orders, including refunds, are printed and processed for you by your supplier.
You also don’t have to worry about the upfront expenditures of purchasing and maintaining inventory yourself because you just pay for the goods you sell when an order comes in.
printful items
When you’re ready to start selling, profit margins will be how you make money.
When a viewer purchases a t-shirt from your print-on-demand service, you will receive $11, and your print-on-demand provider will keep the remaining $13 to cover the cost of the goods and service.
7. Stream on Twitch
Consider streaming live events on Twitch if you host them. To take advantage of the advantages of both platforms, you can even stream content concurrently from YouTube and Twitch.
While some influencers are merely “Twitch streamers,” producing material exclusively for Twitch, many YouTube influencers also produce content for other platforms like Twitch and YouTube.
You receive a 55% part of the advertising revenue you bring in through Twitch.
Twitch also provides $4.99/month channel subscriptions, just as YouTube. Emojis, badges, access to subscriber-only live chat, and VODs (snippets and complete replays of previous broadcasts) are all provided to viewers.
Twitch retains 50% of each membership fee.
Donations from live viewers are another source of income for streamers.
Most streamers have an application connected to their donations that reads donation messages aloud in a robotic voice.
This modest benefit encourages viewers to make a donation.
8. Host Livestream on YouTube
The live contribution option on Twitch is comparable to two offerings on YouTube.
Super Chats and Super Stickers are their names. During livestreams, they make it possible for viewers to engage with YouTubers.
Super Chat messages display on the live chat panel, but they are color-coded and pinned to the top so influencers can quickly identify them.
Super Stickers are graphics that pop up in live chat that are digital or animated.
Super Chats and Super Stickers cost between $0.99 to $50, depending on the viewer. Every single one is 30% owned by YouTube.
Although they are essentially donations, they encourage viewers to take action because they improve the ways in which they can engage with YouTubers during livestreams.
9. Create other types of Products
For most YouTubers, branded merchandise is the most obvious initial step in the creation of products.
The practice is well known to viewers and is not dissimilar to merchandise stands at concerts.
However, if your channel is successful and you have the resources, you might think about diversifying into other product categories.
Although many YouTubers write books, you can also develop specialized goods for your market.
For instance, Holo Taco, a brand of nail polish, was established by Simply Nailogical.
Braille Skateboarding now produces its own brand of skateboards, Linus Tech Tips has a chain of burger locations, and Linus Tech Tips has a tech-optimized screwdriver.
Your target audience visits you for a reason.
Decide what it is, and then thoroughly investigate your niche to find the areas where current goods fall short or fail.
These are issues that your own product could address, and if you can identify what your target market appreciates about you, you can add your own distinctive touch to any products you develop.
10. Launch a crowdsourcing campaign
Your channel’s continued operation is intended to be supported by subscriptions from Twitch, Patreon, OnlyFans, and YouTube channel memberships.
But what if you have a larger project in mind but only a small budget to complete it? This is where crowdsourcing via websites like Indiegogo, GoFundMe, and Kickstarter comes into play.
These sites include levels similar to Patreon, however campaign backers pay “Pledges” once rather than on a regular basis.
Pledges are similar to Patreon levels in that each one needs to offer a different set of perks to your backer.
The following incentives are from Critical Role’s campaign to raise money for an animated adaptation of a finished Dungeons & Dragons campaign. $20 to $25,000 in pledges were made:
Song.
Ringtone.
prints of works of art.
set stickers.
set of playing cards.
Plushie.
Set of dice.
set a pin.
The messenger bag.
script for the pilot that has been signed.
private displaying.
Credit as an associate producer.
Animated portrait created specifically for you.
Studio visit.
the cast of Critical Role over lunch.
Credit for executive production.
Los Angeles travel with no additional costs.
kickstarter
11. Accept donations & tips
Outside of the livestreaming context, some YouTubers take tips and donations.
A well-known platform for this is Ko-fi. YouTubers ask for donations or tips in the form of $5 increments by including a “buy me a coffee” prompt in the video description.
Although Ko-fi has subscriptions, it became well-known as a forum for tips.
It’s an easy method for a smaller video creator to make a little extra cash here and there without having to develop more complex monetization plans.
12. License your content to third parties
You might be able to sell your videos on specific platforms or license them to the media, depending on the kind of videos you make.
For instance, a lot of storm chasers watermark their movies and include an email address in the description of their recordings marked “for media inquiries”.
You can easily license YouTube videos to media firms with Newsflare, in particular.
They have a 50/50 license cost, but they’ll automatically license your YouTube videos by copying them and publishing them on their own channel.
The following is how the platform explains how this works:
We will upload a copy of your film to our YouTube channel and claim “ownership” of it using our account. You can ignore the slightly ominous-sounding copyright warning that YouTube will send you. The video is still yours; all we need to do to start earning money for you is to “claim” it by telling YouTube that we are utilizing it. The video will still be on your channel, but advertisements will start to appear around it.
The Weather Channel, The New York Times, BuzzFeed, The Daily Mail, and The Dodo have all made use of content that was licensed through Newsflare.
How to make money on YouTube more effectively
These figures demonstrate how fiercely competitive the YouTube platform is.
Making money from it therefore requires more effort than simply uploading videos and hoping for subscribers and ad income to roll in.
To enhance your monetization techniques, you can make a few changes to your YouTube strategy.
Make sure your videos are longer than 10 minutes to start.
Here is a video made by TikTok inventor @erikakullberg in which she details the compensation she has received from various social media sites.
She says this about YouTube:
“This brief 29-second film had 1.8 million views and brought in $3. YouTube gave me $35,000 for the 2.3 million views on this lengthy 12-minute video.
This is an excellent illustration of how much viewing time matters on YouTube. There are other criteria, such as your topic and the location of your visitors, that affect how much ad money a video earns.
Collaborating with other YouTubers
One of the simplest methods to launch a new YouTube channel is through collaborations.
Reach out to other YouTubers in your specialty who have slightly more subscribers than you have, even if it’s unlikely that you’ll be able to attract the attention of bigger YouTubers with millions of subscribers.
Write better YouTube video descriptions
Let’s face it: most viewers don’t read the descriptions of videos. Additionally, viewers using smart TVs, tablets, and gaming consoles won’t even notice them. Also check How To Promote Your Blog With Automation
Nevertheless, a lot of viewers do click on the description panel on each of your movies, particularly when you instruct them to.
This is a fantastic chance to earn money on the side.
Here is a basic template for a video description you can use:
A summary of the video’s subject matter.
Links to channels and social media for any visitors.
Links to sponsors and affiliates for any products mentioned in the video.
You also have other affiliate connections, particularly for goods that recur regularly in your videos.
a unique coupon that viewers can use to save on merchandise. To get their attention, give the discount code a humorous name like “ireadthevideodescription”.
Links to any subscription services you utilize, like Patreon, along with a brief description.
references to your personal social media pages.
Final Thoughts
It’s challenging to make money on YouTube.
It takes a lot of work to consistently produce high-quality films with interesting content, and it could take a while before you start seeing a return.
If advertisements alone aren’t making enough money for you, there are several other monetization techniques you can employ. Additionally, there are more potential viewers for your channel because of the platform’s popularity.
Affiliate marketing, designing branded merchandise, earning money from Patreon subscribers or other subscription services, and livestreaming on YouTube and Twitch are the greatest methods for smaller creators.
Even if you are not yet eligible for the Partner Program, you can still employ these strategies.
Even if you’ve just started your channel, they offer a speedier route to monetization even if they need a lot more forethought than simply uploading videos and placing advertising on them.
Here are some more tactics you may use to more successfully monetize your YouTube channel in addition to the pointers we gave in the previous section:
- Make videos on a regular basis.
- Make interesting material.
- Produce educational content.
If you have a limited budget for equipment upgrades, give audio quality the edge over video quality.
As a means to promote your channel, create condensed versions of your YouTube videos and post them to TikTok, Facebook, and Instagram.
