Did you wake up with the spirit to start monetizing your YouTube channel once and for all?
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.
How much money does YouTube generate?
Google, the owner of this platform since 2006, has given us the figures: YouTube generated $15 billion on advertising in 2019.
After reading this data, do you still think that it is not worth it to bet on this channel?
It’s time to start making money on YouTube.
How to make money on YouTube
First, you must apply to join the YouTube Partner Program to start monetizing your channel.
So, how can you request to be part of the program?
How to apply to the YouTube Partner Program
So, what do you need to apply? These are the requirements to join the program:
- Comply with YouTube monetization policies
The platform will review your channel to make sure you comply with their monetization policies. If you do, they will keep analyzing so that you are always in good standing with YouTube.
Reviewers will assess different aspects like the theme of your channel, videos or metadata, such as title or thumbnail. If you want to learn more about YouTube monetization policies, check out this link.
- Have at least 1,000 subscribers and 4,000 public watch hours
You must have hit this number of watch hours in the last 12 months to fulfil the terms.
For the platform this data shows that you are a good content creator, a minimum condition to be part of this program.
- Sign up for an AdSense account
In order to get paid you must have an AdSense account or create one to link all the channels you want.
- 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 submit an application again after 30 days of being notified.
If you haven’t been approved, I recommend that you review YouTube policies and guidelines.
If, on the other hand, your request has been admitted, keep reading to learn more about YouTube monetization.
Make money on YouTube internally
There are different ways to make money on YouTube, the first thing that you should know is that you can do it internally through YouTube platform or outside with other services.
You can earn money on YouTube using different channels:
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 admin your AdSense account. Also, you must create content suitable for advertisers regarding: violence, drugs or adult content.
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.
On your YouTube channel, users can buy branded merchandising or any other product that you sell. These products will showcase on your watch pages.
To use this alternative to earn money with your YouTube channel, you must have at least 10,000 subscribers.
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.
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.
What’s YouTube Premium?
Users pay for this service in exchange for some benefits: Ad-free videos, downloads to see videos offline and the opportunity to support creators.
Other ways to make money on YouTube
Here, the only requirement is being consistent and to offer high quality. Which options do you have to monetize your channel outside YouTube?
- Sponsored products on your content
If you work hard and you get a good number of subscribers and visits, brands will “fight for you”. In fact, they will fight for appearing on your videos by paying you an agreed amount or offering the products that you are promoting.
You can create a video review or an unboxing video. It is very important that the product that you are promoting is related to your content to avoid being too commercial and a disappointment to your subscribers.
- Get 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 offers 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.
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 question, we will read your comments. 🙂