How do you make money from YouTube?
How do you make money from YouTube?
There are a few takeaways from the Forbes list, with millions of dollars and subscribers earning aside.
First, YouTube channels can make money even if they don't have millions of subscribers. Your earning capacity is determined not only by the number of subscribers and views you have, but also by the level of engagement you create, the niche you can meet and the revenue streams you explore. The number of subscribers does not matter YouTube See our tips to get more members on YouTube.
Second, the list of top 10 earners gives you the impression that the millions of dollars you have made will come directly from YouTube. In fact, each of these channels has its own range of products. These channels were first built to find their audience and launch their own merchandise. If making money on YouTube is in your marketing plan, the first step is the same for everyone: Have a clear understanding of your target audience.
Who is going to watch your YouTube channel?
Building your own audience puts content in a great position to make money in a variety of ways. Only if you understand the makeup of your audience will you be able to take full advantage of the opportunities available to you.
For many YouTubers looking to make money, the more appropriate your channel is, the better position you will have to work with brands that target specific audiences (and more later).
You want to pay close attention to:
Gender of your audience, to see if it is looking towards a specific group.
Most of your audience falls into the age range.
The geographical location where your videos are viewed - countries or cities -.
The total engagement or "viewing time" of your audience.
With this demographic information, you will have a better understanding of your own audience and be able to work better with brands. All population insights can be drawn from your YouTube analytics, but try a tool like Social Blade to compare your own channel with others.
Without it, your YouTube channel can start talking about different ways you can make money.
How To Make Money On YouTube
Just like learning how to make money on Instagram or through blogging, your audience can unlock your YouTube channel earning potential. But when you create multiple revenue streams, through side-by-side hustles or businesses, making money is easy.
Fortunately, there are several ways to achieve this:
Become a YouTube Partner and Make Money from Advertising.
Sell products or goods.
Crowdfund your next creative project.
Let your audience support your work through "fan funding".
License your content to the media.
Work as an influencer or affiliate with brands.
Let’s take a closer look at each of these flows.
1. Join the YouTube Partner Program and make money from advertising
The first revenue stream advertising you are looking for. Whether you want to make money on YouTube without creating videos or as a content creator, joining the YouTube Partners program and setting up a monetization is a very important step. You can apply for monetization after touching 1,000 subscribers and 4,000 clock hours in the last year.
How To Start Making Money On YouTube
Sign in to the YouTube account where you want to make money.
Click the icon for your account in the upper right corner.
Click YouTube Studio.
In the left menu, select Other Features> Monetization.
Read and accept the terms of the YouTuber Partner Program.
Create a new AdSense account or connect an existing one to your channel. (You need an AdSense account to pay.)
Set your money making priorities.
When done, go back to the dashboard and click on the Analytics tab on the left. From there, you should select the revenue from the tabs above, and then scroll down to the Chart Monthly Estimated Revenue to get an idea of your estimated revenue.
How many views do you need to make money?
The number of views you get has nothing to do with earned revenue. Your video gets thousands of views but no oneAre you ready to monetize your YouTube channel?
What compels most creators to create is rarely money. It’s the thought of making something for the world to enjoy.
But ironically, that puts them in a great position to actually make money in a content-obsessed world.
While the hard part for many businesses is getting and keeping their audience’s attention, YouTubers have already figured that bit out.
All that’s left is to get creative—to channel the entrepreneurial drive to explore ideas—with how you choose to monetize your passion.Are you ready to monetize your YouTube channel?
What compels most creators to create is rarely money. It’s the thought of making something for the world to enjoy.
But ironically, that puts them in a great position to actually make money in a content-obsessed world.
While the hard part for many businesses is getting and keeping their audience’s attention, YouTubers have already figured that bit out.
All that’s left is to get creative—to channel the entrepreneurial drive to explore ideas—with how you choose to monetize your passion.
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