Youtube! Like a star in a Google-owned network. It attracts one-third of the world population on the internet. In other words, we can say billions and billions of users are on the internet. In a single day, people watch hundreds of millions of hours on YouTube and generate trillions of views.
A record-breaking youtube reaches more 18-34 and 18-49 age groups in the US than any cable network.Surprisingly 9% of small businesses in the US are active on youtube. Research and a hunch are going on for that the figure tends to be pretty accurate universally too.It is ironic to say! then why small businesses are not investing in youtube as a part of their social media strategy?Make sure, it is very much harder to produce or create a video than an image or a blog post.A lot of people have a dream or we can say a perception of having a youtube channel.In this blog, i will prove how much video is easier and cheaper to create. So it clearly indicates that you have tons of opportunities for your business on youtube.
Monetize on youtube
The most common way to monetize videos is through the YouTube Partner Program (YPP). Reaching partner status is an upgrade for your channel, as it allows you to place advertisements on your videos and make money (potentially) every time you upload content.
YouTube pays creators through the Google AdSense program, but it takes a while to understand how all of that works. For now, just know that when a viewer watches/clicks an ad within your video, revenue is generated. That revenue is then split between you and YouTube, where you get 55% of the money, and YouTube takes the other 45%.
Here is a guide where you will learn how to monetize
YouTube Monetization NecessitiesYouTube is quite selective about who it lets into the monetization program. Before you can apply to the YPP, you must have:
- 1,000 subscribers
- 4,000 watch hours on your channel (within 12 months)
- A willingness to follow YouTube’s rules: the community guidelines, advertiser-friendly content guidelines, and terms of service
How you will YouTuber Partner ProgramOnce you’ve met all of YouTube’s requirements, you’re ready to apply to the YPP. Here are the steps:
- Go to the YouTube Studio.
- Click Monetization in the left navigation bar.
- If you’re eligible to apply, you’ll see a blue button encouraging that action. Click it!
- Review the YPP terms.
- Set up a Google AdSense account, and connect it to your channel.
- Wait patiently. YouTube will review your channel and email you with a decision.
How to Enable Monetization on YouTubeOnce you enter the YPP, turn on monetization for as many videos as possible. You can do this while uploading new content, but it’s safer to wait until after you upload videos (a few hours).By then, YouTube will have processed your content. You’ll know if the system found something that could demonetize the video, such as extreme profanity, adult themes, copyright claims, etc.
Here’s how to enable ads on a YouTube video and make money:
- Go to the YouTube Studio.
- Click Content in the left navigation bar.
- Select the video you want to monetize.
- Click Monetization in the left menu.
- Choose which ads you want to display on the video.
- Click Save.
1. YouTube Sponsorship Deals like Brand DealsWith YouTube brand deals, you'll make money by featuring a product or service in your videos. You can work with multiple brands if you want, which leads to more money for your channel and less stress about earning AdSense revenue.
Unlike the YPP, you don’t need 1,000 subscribers and lots of watch time to profit from these deals. Having more subscribers is helpful, of course. But consistent views and an impressive collection of videos are more important. You’re ready to seek out YouTube sponsorships once you have both.
In a small YouTube survey, My Work From Home Money discovered that creators make between $100 and $4,000 per sponsored video. So don’t worry about channel size when looking for sponsors. There are brand deals for small channels, mid-sized channels, and the mega influencers who dominate YouTube. Everyone has a chance.
2 Affiliate Marketing on YouTubeDid you know you can make money advertising product links on YouTube? It’s called affiliate marketing, and it's an easy revenue stream to set up.Here’s how it works:
- Sign up for various affiliate programs with different brands/companies.
- Get custom product links to share with your YouTube audience.
- Earn a commission when viewers buy stuff using your link.
Hint: Always add relevant affiliate links to your videos. If you do a tutorial for a GoPro camera (for example), ask viewers to use your affiliate link when purchasing the product.According to Amazon, affiliate commissions are up to 10% of each product sale. So if you spend some time promoting the links, you’ll make a nice chunk of money.
3. YouTube Channel MembershipsChannel memberships offer exclusive content and perks to your biggest fans. When viewers hit the join button on your channel, they get a range of extra incentives: loyalty badges, private live streams, exclusive videos, and more. Creators choose what works best for their audience.Memberships are a smart way to earn money on YouTube because you can customize everything – even the price. Creators can charge members between $0.99 and $100 per month.
4. YouTube Live StreamsIf you don't stream often, you’re probably wondering, How do YouTube live streams make money?Great question! You can monetize a live stream with ads, just like the regular videos you see on YouTube.Additionally, Super Chats are another way to monetize YouTube live streams. These are “donations” or “tips” ranging from $1 to $500 that viewers send creators during a live stream.
You’re in an excellent position to receive Super Chats if:
- You’re a funny or entertaining person.
- You host live streams on YouTube regularly.
- You have hardcore dying fans who are vocal in the live chat section (where Super Chats are donated).
In fact, that's how Travis McPherson, customer success manager at vidIQ, made$200 on a live stream that only had 150 viewers.
Are YouTube Shorts Monetized?
YouTube Shorts are 60-second videos shot on smartphones. They have the potential to go viral like TikTok videos, but getting paid for such content isn't easy.
Here’s what you need to know about YouTube Shorts monetization:
- Watch time from YouTube Shorts does not count toward the 4,000-hour requirement for monetizing a channel.
- There is a YouTube Shorts fund, and it pays a bonus of up to $10,000 per month to eligible short-form creators.
There’s a lot of competition for this money. Last year, we asked creators about their first YouTube Shorts bonus, and here’s what we learned:
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