How to Make Money on YouTube – 5 Best Strategies

You might have heard how people are making tons of money producing YouTube videos every day. It’s true. 

You can do the same. With the right guide and dedication, you can also start a Youtube Channel and make money from it.

Before you can make money on youtube, you must understand how this massive video platform works.

Maybe you have a youtube channel, and perhaps you’ve not. Or you’re just curious to know how much YouTubers make, even though you get to stream all those videos for free.

Currently, Youtube has over 1.9 billion users logging in every month. Making it the most used video platform in the world. And tons of videos are uploaded every minute.

It should give you a hint that this article (how to make money on youtube) won’t be feeding you with unrealistic facts on how leisurely it is to buy a Lamborghini by owning a youtube channel.

Still, with enough views (I mean lots of views), you could at least make a reasonable income from it. Now you’re thinking how much do YouTubers make?

How much do YouTubers make?

I’m glad to tell you there’s no limit to how much you can make on youtube. Some people earn less than $1000 and those who earn way more. According to Forbes, YouTubers can make about $5 for every 1,000 video views.

A good example is Lilly Singh. She is a Canadian YouTuber, comedian, television host, and actress popularly known as a superwoman.

Lilly Singh has amassed as much as $10 Million in just a year. Even Forbes listed her as one of the world’s highest-paid YouTube stars.

With AdSense, YouTubers can make anywhere between $0.01 to $0.03 per view. Yet, the amount you’ll earn from your youtube channel depends on some factors:

  • The number of views
  • The quality of Ads
  • The number of clicks the Ads receives
  • Ad Blockers
  • The length of the video

Now that you know how much you can make from your YouTube channel. Let’s see ‘how’.

How to Make Money on YouTube

Before you can monetize your channel, you have to enable monetization. This means that you’re permitting YouTube to place ads in your videos. It also means you adhere that you do not have any plagiarized material in your video.

To enable monetization, go to YouTube. Click on your channel (my channel). You’ll see a link on the top bar named “video Manager”. Click on it. Then click the channel and enable monetization.

Note that before you can monetize your youtube channel (make money on youtube). Your channel must have at least 1,000 video subscribers and 4,000 watch hours.

As long as your youtube channel meets all these requirements, you can make money on youtube.

Set up Adsense for Your Youtube channel

Setting up AdSense for your channel is very easy if you’ve met the requirements I mentioned earlier.

Adsense is a free monetization network. And right now, they are the big dog!

To Sign up for a publisher’s account, go to the AdSense website, then click on the “sign up” button. You should be at least 18 years or older, or you can ask an adult for help.

There are other details you’ll have to give aside from your bank account or Paypal account. Adsense will ask for your mail, address, and even phone number.

All these are to verify your identity and set up your payment account. With AdSense, you will make money from every ad click (CPC) and a little amount from views (CPM). As time goes on, your payment will add up.

This is why you need lots of viewers and subscribers. The more views and ad clicks you get, the more money you make. Isn’t that fascinating?

Note that YouTube will only pay you after you’ve earned $100 or more from placing ads on your videos and channel.

Monitor Performance

Now that you’ve set up your AdSense account, you want to monitor how well your videos are performing; which videos are generating more revenue.

YouTube got you covered here. There’s an analytics option in your Channel menu, click on it. You can easily see your statistics; your ads performance estimated earnings, demographics, etc.

With this, you’ll be able to see how well your videos appeal to your viewers, and you can upload new and better videos, or delete the ones that are not performing well.

Merchandise

Adsense isn’t the only way to make money on youtube. As many YouTubers with high followers (subscribers) tend to create a brand out of their channel, it’s an excellent way to earn more.

Merchandise for your channel is an excellent way to build a better connection with your audience. Therefore, to do this, your product has to be as unique as possible.

A better way to do this is to include your audience in decision-making—welcome opinions and ideas from them. Give them the feeling of being part of your brand.

You can also give one-time offers on products. It’s an excellent way to increase your income and engage your audience. Make sure your products have your brand name inscribed on them.

Also, you should create a separate store for purchases. Another way to advertise your product is to use it in a video. If it’s a shirt, wear it!

Feature some viewers who have gotten it and are already using it. This will give your audience the feeling of “I shouldn’t miss out”.

Never forget to add the link to your store in your video description. And always appreciate your audience and flatter them with sweet words. Especially those who purchase your products. They’ll love it.

Affiliate Marketing

Affiliate marketing is another right way to make money on youtube. It’s a way of earning a particular commission on every product you sell.

Companies are offering attractive deals to affiliate marketers who will advertise and sell their products.

All you have to do is promote the product on your youtube channel and leave your affiliate link in the video description for your viewers to use in making purchases.

And whenever someone purchases with your affiliate link, you get a little commission for the sale.

You can sign up as an affiliate marketer on Jumia, Amazon, Konga, and eBay. Also, smaller companies sometimes give higher commissions to affiliate marketers. So don’t promote only the ‘big’ companies products.

When promoting an affiliate product, don’t just sweet talk about the product. Open it and let viewers see what’s inside. Tell them the features and give them a compelling reason to have them.

You can also give a quick tutorial on how to use the product. Your viewers will appreciate this, and this will help them get over the thought that the product could be challenging to use.

Use Blogs and Social Media

As you’ve known, more views mean more money. Another right way to generate more views to your blog is by putting it up on a blog or blog.

Don’t just upload your videos on youtube. You can start a blog or website to post your videos. Or you can post them on social media such as Twitter, Facebook, and Instagram.

Luckily, you don’t have to download the video first and upload it. You can simply put your videos on blogs, websites, or social media by using the youtube video embed code.

This code creates a window to your videos on youtube. So, viewers can easily watch your videos as they would on youtube. Don’t worry. Your views increase as they would if they were to watch on your youtube channel.

Bottom line

Monetizing a youtube channel isn’t difficult. The challenging part is getting more views for your channel.

The more views you get, the more money you make. As long as you keep providing satisfying and interesting videos to viewers, you can make money on youtube.

Emma Hustle

About the author

My GOAL is to equip you with efficient strategies and the right tools to help you create your online source of passive income.

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