With videos taking over the internet, YouTube is known to be one of the biggest, if not the biggest video sharing platform on earth. With an earth-shattering 2 billion logged-in monthly users, YouTube not only serves the purpose of video sharing but also allows it, users, to make money. Video is said to be the future of content sharing, people love watching videos online, that why Instagram keeps growing rapidly, making video its core content.
With the high demand for more video content, YouTube allows users to monetize this account in several ways possible. Entertaining or being entertained doesn't have to be all you do on the platform. In this post, we will be showing some ways you can make money on YouTube while making quality entertaining or educational videos.
Let's take it one at a time.
1. Apply For YouTube AdSense
Your videos can be monetized by applying for AdSense, known as Google Adsense. All you need to do is to meet the requirements, before gaining approval. Users get paid by Adsense and not YouTube. You need to get a verified Google Adsense account to be able to monetize your videos through this means. YouTube In 2018 set out two major requirements before your channel can be approved
1. Having 4,000 hours of watch time within the last year.
2. Having at least 1,000 subscribers.
YouTube is now more particular, about the hours of watch time compared to the number of subscribers you have.
Enabling Youtube AdSense
If your channel has achieved the requirements, that is having 4,000 hours of watch time within a year and 1,000 subscribers. You need to follow the below steps to enable your account for Adsense.
• Enter My Channel and click on your icon located at the top right corner of your account screen.
• Locate YouTube Studio and click on it.
• Click on Creator Studio Classic, located at the bottom left of your screen.
• Next click on Channel > Status and Features.
• Lastly, locate Monetization and click Enable.
If you follow every step well and your account has met the requirements for monetization, then your account should be approved and you can start earning from Adsense.
2. Sell Your Product/Services
If you have a product or service, you know there's an audience for, you can make videos about such products and services and sell them to your audience. Selling your product or service, can be done in several ways. You can directly sell them on youtube or paste a link in your video description, that will lead your customers to your store or website.
Making videos that educate your audience about whatever products or services, you want to sell to them is very important. When your audience sees that you're an expert in what you do, it builds makes them trust you more and buy whatever it is you recommend to them. A lot of YouTubers are making millions on the platform by selling their products, you too can.
You can also link your e-commerce store or website to your YouTube videos. That way, you will be directing your audience who want to purchase your store or website. That way, your customer can see other goods or services they might need, and make more purchases.
3. Sell Other Peoples Product/Services
Similar to affiliate marketing with blogs, you can also sell other companies' products or services for a percentage commission. Big and Small companies are looking for people who will sell their products for them, you can simply sign up for their affiliate program and get a link from them, which you can start promoting. And every successful purchase customers make from your link, you will earn a commission.
These companies could be both national or international. Some high paying affiliate marketing programs are listed below.
Nigeria Affiliate Program
• Jumia affiliate program
• Domainking affiliate program
• WhoGoHost Affiliate program
• Konga affiliate program
• Travelstart affiliate program
International Affiliate Programs
• Amazon affiliate program
• GoDaddy affiliate program
• HostGator affiliate program
• Bluehost affiliate program
• ShareAsale affiliate program
There are two ways you can make videos that will make you money from affiliate marketing. The first involves setting up a youtube channel basically for a product review, and you include the affiliate link in the video description.
The second involves you creating a channel about anything but strategically educating your audience on whatever product you want to sell. You need to also include the affiliate link in your video description too.
4. Direct Advertising
Just as companies are looking for affiliate marketers, they are also looking for youtube channels with high subscribers and engagement to advertise their products or services on. If your youtube channel has reached a considerable high amount of subscribers with a lot of engagement and buzz online, you can approach companies and offer to advertise their products of services on your YouTube videos.
This is how big youtube video channels make a huge amount of money. Brands pay them to have their products on their channel. If you also want to make such a huge amount of money from your channel, you need to also put in the work needed to grow your channel to that level.
The process is very simple and includes you finding companies in your niche, whose products will be beneficial to your audience. If the company is willing to work with you, simply reach an agreement with them and get paid after offering the service you both agreed on. Start building your channel to get to that level.
Crowdfunding is becoming a more and more popular way of making money on the platform. Crowdfunding Is a great way channels that offer educative content make money on youtube. This channels mainly includes religious channels.
They make money from donations using the Patreon platform. This people need money to get better studio equipment to make better high quality videos for their audience. Crowdfunding and donations from the audience is how they make money mainly to offer better services.
Making money on youtube is certainly not a get rich quick scheme. You need to put in the work and time in building your channel before making anything tangible on the platform. With YouTube, bringing up stricter policies every year only channels with high-quality videos that post consistently will be able to maximally monetize their channel.
Therefore, it advisable you invest in a good camera for better video quality. And make sure you release new content regularly to keep your audience always coming back for more. Tho, not easy, but it can be done, many YouTubers are making it huge on the platform and you too can. Choose the right niche and release high-quality videos regularly, in no time you'd start making money from YouTube.