The most obvious way to make money on YouTube is through advertising. However, it’s not the best or the only option. There are many methods to generate money on YouTube.
With over a billion monthly users, YouTube accounts for 50% of all internet traffic. Close to 500 hours of videos are being posted on the website every minute. How do you make money off this platform?
1. Join the YouTube Partner Program
Regular YouTube users can access exclusive features on the website through the YouTube Partner Program. Being a partner makes things much easier, but again, it’s not the only way to make money on YouTube. Simply setting up an AdSense account and gaining views is enough to manage that.
YouTube Partners have access to several revenue streams in addition to video ads. YouTube Premium subscription costs and services like Super Chat, channel memberships, and the product shelf directly tap into the wallets of devoted followers. Here’s a step-by-step guide on how you can go about it.
Step 1: Start a YouTube channel. Explore all the features available to create your unique channel.
Step 2: Increase your channel’s popularity to the point where it satisfies the criteria for the YouTube Partner Program. You need at least 1,000 subscribers and 4,000 watch hours over the last 12 months to be eligible to join the programme.
Step 3: Set up an AdSense account by following YouTube’s official guide to AdSense accounts.
Step 4: Explore new monetisation features. Each monetisation channel has different eligibility requirements. Firstly, the user has to be at least 18 years of age. The rest of the criteria are listed below:
Ad revenue: Produce advertiser-friendly material to monetise from ads. Essentially, the less contentious your videos are, the more comfortable YouTube advertisers will feel placing adverts on them, and the more money you will make.
YouTube Premium revenue: If a YouTube Premium subscriber views your video, you will receive a percentage of their monthly price.
Channel memberships: You need to have more than 30,000 subscribers in order to sell channel memberships to viewers, i.e. have them choose to give you more money.
Merchandise shelf: You need 10,000 subscribers for your channel in order to sell goods from YouTube’s store.
Super Chat payments: You can have viewers pay to have their words featured in your live chats during your live streams. But you need to also live in a country where this feature is offered.
Submit ongoing reviews: According to YouTube, a channel will be held to a higher standard if a person becomes a partner. You must adhere to both the Community Guidelines and …….