How To Make Money on YouTube 2024
Did you wake up with the spirit to start monetizing your YouTube channel once and for all? Discover here how to make money on YouTube. 🚀
If you have a YouTube channel and you want to start earning extra money, now is the right moment, this video platform is still in full swing and it seems that there is no ceiling.
Many wonder, how much money does YouTube generate? Well, by 2023, YouTube was worth over 183 billion dollars!
After reading this data, do you still think that it is not worth it to bet on this channel? It’s time to take a stab at making money on YouTube!
How to Make Money on YouTube
Aside from making valuable content on the app, you must begin by signing up for the YouTube Partner Program. The YouTube Partner Program lets qualifying Creators tap into different ways to earn revenue, as well as gives access to extra resources including one-on-one support for any technical difficulties.
How to apply to the YouTube Partner Program
So, how do you apply?
- Open the YouTube Studio app.
- From the bottom menu, tap Earn.
- Select Apply to get started.
- Click Start to review and Accept Base terms.
- Click Start to set up an AdSense account, or link an existing active one.
YouTube Partner Program Requirements
- Follow the YouTube monetization policies which are policies and guidelines that allow you to monetize on YouTube.
- Live in a country/region where the YouTube Partner Program is available.
- Make sure you do not have any Community Guidelines strikes on your channel.
- Make sure your 2-Step Verification is turned on for your Google Account.
- Be sure you have advanced features access on YouTube.
- Have one active AdSense for YouTube account linked to your channel, or be ready to set one up in YouTube Studio if you don’t have one already.
- Wait for their response. Once you have fulfilled all the requirements and linked your AdSense account, your channel will be under review by YouTube.Then, they will email you a decision:
If YouTube approves your application, you can start setting up your ad preferences and start monetizing. If your request is rejected it is likely because you don’t meet YouTube Partner Program Policies and community guidelines. You can apply again after 30 days of being notified. If you haven’t been approved, I recommend that you review YouTube policies and guidelines.
Click here to check the status of your application
On the other hand, if your request has been admitted, keep reading to learn more about YouTube monetization.
7 Ways to Make Money on YouTube
There are different ways to make money on YouTube, the first thing that you should know is that you can do it internally through the YouTube platform or outside with other services.
You can earn money on YouTube using different channels:
Ad revenue
You can earn income through different types of ads.
To monetize with ads, you must be at least 18 years old or have a legal tutor over 18 to administer your AdSense account. Also, you must create content suitable for advertisers regarding violence, drugs, or adult content.
▶️ Check out the content guidelines here ◀️
Channel Memberships
You can offer special memberships to your subscribers in exchange for monthly payments. These memberships include exclusive perks:
For instance, badges that identify them as members of the channel or private chats.
You can offer memberships if you are older than 18 years old and your channel has at least 30,000 subscribers.
Feature Sponsors
On your YouTube channel, users can post videos that feature sponsors. Showcasing a product or service inside of your video makes for a great way to gain money on YouTube. These videos are best done if you showcase the product in a creative way that matches your brand.
Super Chat & Super Stickers
Another way to earn extra income is to highlight your fans’ messages in the chat streams in exchange for payment. If they pay for this service, they can get their messages pinned to the top of a chat feed. Viewers can buy Super Chats to highlight their message within the live chat or Super Stickers to get an animated image that pops up in their live chat.
To use this feature you only need to be in a country where this feature is available.
YouTube Premium revenue
You will get a share of the subscription of Premium subscribers if they watch your content.
You will get part of the income from YouTube Premium subscription. In this case, as a creator, you don’t have to become a member or pay anything to start earning money through this feature.
YouTube Premium is a service users pay for in exchange for some benefits: Ad-free videos, downloads to see videos offline, and the opportunity to support creators.
YouTube Shopping
This way is simple. Selling a product makes money so showcasing products and selling them to your audience on YouTube is effective.
YouTube Shopping allows creators to promote products or services from their own business, or on behalf of another brand. These products can be promoted via storefronts, product tags, or video descriptions.
Through affiliate links
Another popular way of generating income on many online platforms. That is, it’s not exclusive to YouTube.
Affiliate marketing is quite straightforward. A website, company, or business allows you to collaborate with their affiliate program through a link for your channel. Each time someone takes an action from that link, you will earn a commission.
The most important thing is that the affiliate link is related to the content you share. For instance, a YouTuber who talks about fitness and has a link to a sportswear store.
How to Make Money Off YouTube Shorts
YouTube Shorts have become extremely popular. Many wonder if you can monetize off YouTube Shorts as you could with long-form videos. The answer is yes, you can make money off YouTube Shorts.
This process is slightly different though. Instead of individually making money on each video you make, the money is all grouped from all the content creators and you make money based on the views you receive and which music tracks you decide on using. This means YouTube Shorts monetization is based purely on ad revenue sharing. The earnings are split up between the creators of the video and the creators of the music tracks.
Did you note down all the different methods that you can use to make money on YouTube? If you are interested in improving your marketing strategy with good planning:
If you have any questions, we will read your comments. 🙂
