In this article we will analyze the 15 best ways on how to make money on YouTube!
Growing a YouTube channel and doing YouTube SEO is a very important marketing tool for your business. But you can certainly make money on YouTube with several other ways as well, along with your Content Strategy.
So, let’s start!
Ad revenue
When you enable ads on your videos, you can earn a portion of the ad revenue generated from your videos.
Advertisers can choose to have their ads shown before, during, or after the video, and the creator of the video will receive a share of the ad revenue generated. The amount of money that can be made through YouTube ad revenue will depend on a variety of factors, including the number of views the video receives, the number of clicks on the ads, and the cost-per-click (CPC) of the ads.
To earn ad revenue on YouTube, you will need to sign up for the YouTube Partner Program, which is available to creators who meet certain eligibility requirements. Once you are a part of the YouTube Partner Program, you will be able to monetize your videos and earn ad revenue.
Sponsorships
YouTube Sponsorships refer to a business or company providing financial or other support to a YouTube creator in exchange for promotional consideration. This can include the business providing products or services to the creator to review or feature in a video, or the business paying the creator to mention or promote their products or services in a video. Sponsorships can be a valuable source of income for YouTube creators, especially for those who have a large and engaged audience.
To secure sponsorships on YouTube, creators will typically need to have a large and engaged audience, high-quality content, and a clear and consistent posting schedule. It may also be helpful to have a well-designed and professional-looking channel, as well as a strong online presence on other social media platforms.
Creators can reach out to businesses directly to pitch sponsorship opportunities, or they can work with a talent agency or marketing firm to secure sponsorship deals. It is also possible to find sponsorships through YouTube’s Creator Sponsorship Program, which connects creators with brands and agencies looking to sponsor YouTube content.
You can earn money by partnering with brands and promoting their products or services in your videos.
Affiliate marketing
Affiliate marketing on YouTube is a way to make money by promoting other people’s or company’s products in your videos. When a viewer clicks on a unique link in the video description and makes a purchase, you earn a commission. Here’s how to get started with affiliate marketing on YouTube:
Find a company or product that you want to promote: You can use affiliate networks like Commission Junction, ClickBank, or Amazon Associates to find products to promote. Alternatively, you can reach out to individual companies directly to ask about their affiliate program.
Join the affiliate program: Most affiliate programs have a sign-up process that you’ll need to complete in order to start promoting their products. This typically involves providing some basic information about your channel and agreeing to their terms and conditions.
Create a video review or tutorial: You can make a video review of the product you’re promoting, or create a tutorial that shows your audience how to use it. Make sure to disclose that you’re using affiliate links in the video description and include a call to action encouraging your viewers to make a purchase.
Include your affiliate link in the video description: When you include your affiliate link in the video description, make sure to use a trackable link so you can track your sales. You can use a link shortener like Bitly to create a shorter, trackable link.
Promote your video: Share your video on social media, your blog, and other relevant places to get as many views as possible. The more people who see your video, the more likely you are to make a sale.
Don’t forget to disclose that you’re using affiliate links in your videos to be transparent with your audience and to comply with YouTube’s guidelines.
Membership program
A YouTube membership program is a way for fans to support their favorite creators by paying a monthly fee to access exclusive content and perks. Here’s how to get started with a membership program on YouTube:
Determine what perks you’ll offer: Think about what your audience values and what you can offer that’s unique and valuable. Some ideas for perks might include exclusive videos, early access to new content, behind-the-scenes access, and live Q&A sessions.
Set up a membership program: To set up a membership program on YouTube, go to YouTube Studio and click on the “Monetization” tab. Then, click on the “Membership” tab and follow the prompts to set up your program. You’ll need to choose a price for your membership and create a landing page where viewers can sign up.
Promote your membership program: Make sure to promote your membership program in your videos and on social media to let your audience know about it. You can also create a trailer or promo video to showcase the benefits of your membership program.
Engage with your members: It’s important to engage with your members and make them feel like they’re part of a community. This could include responding to comments, hosting live Q&A sessions, and creating exclusive content just for your members.
Set clear expectations for your membership program and deliver on your promises to keep your members happy and engaged. You should also make sure to regularly update your exclusive content to keep your members coming back for more.
Merchandise sales
Selling merchandise on YouTube is a way to monetize your channel and make money from your videos. Here’s how to get started with merchandise sales on YouTube:
Set up a merch shelf on your channel: A merch shelf is a place on your channel where you can showcase and sell your merchandise. To set one up, go to YouTube Studio, click on the “Monetization” tab, and then click on “Merchandise.” From there, you can add your products and customize your shelf.
Create your merchandise: You can create your own merchandise, such as t-shirts, mugs, and stickers, or you can use a print-on-demand service like Printful or Redbubble to create and fulfill orders for you.
Promote your merchandise in your videos: Mention and show off your merchandise in your videos and include a link to your merch shelf in the video description. You can also promote your merchandise on social media and other relevant platforms.
Monitor your sales: Use YouTube Studio to track your merchandise sales and see how well your products are doing. You can use this information to adjust your merchandise strategy and improve your sales.
Remember, it’s important to have a clear and consistent brand image for your merchandise to appeal to your audience. You should also make sure that the quality of your merchandise is high to ensure customer satisfaction.
Crowdfunding
Crowdfunding on YouTube is a way to raise money from your audience for a specific project or goal. There are several crowdfunding platforms that you can use to set up a campaign on YouTube, including Patreon, Kickstarter, and Indiegogo. Here’s how to get started with crowdfunding on YouTube:
Choose a crowdfunding platform: There are several crowdfunding platforms to choose from, each with its own unique features and fees. Research the different platforms to find one that aligns with your goals and budget.
Set up a campaign: Once you’ve chosen a crowdfunding platform, you’ll need to set up a campaign page that includes information about your project or goal, a video explaining your campaign, and a list of rewards or perks that backers will receive for supporting your campaign.
Promote your campaign: Share your campaign on your YouTube channel, social media, and other relevant platforms to get as many views as possible. You can also create additional videos to update your audience on the progress of your campaign and thank your backers for their support.
Engage with your backers: It’s important to keep your backers updated on the progress of your campaign and to thank them for their support. You can do this through social media, email newsletters, or by creating exclusive content for your backers.
Set a realistic funding goal for your campaign and to be transparent about how the funds will be used. You should also make sure to deliver on your promised rewards or perks to keep your backers happy and engaged.
Courses and eBooks
Selling eBooks and courses on YouTube is a way to monetize your channel and offer your audience valuable content that they can purchase. Here’s how to get started with selling courses and eBooks on YouTube:
Determine what content you want to sell: Think about what you’re knowledgeable or passionate about and how you can turn that into a course or ebook. You can also consider what your audience is interested in and how you can meet their needs with your content.
Create your course or ebook: Use a platform like Teachable or Udemy to create and host your course, or use a service like Kindle Direct Publishing to create and sell your ebook. You’ll need to create the content, choose a price, and design any necessary graphics or branding.
Promote your course or ebook in your videos: Mention and showcase your course or ebook in your videos and include a link to it in the video description. You can also promote your course or ebook on social media and other relevant platforms.
Monitor your sales: Use the analytics provided by the platform you’re using to track your course or ebook sales and see how well they’re doing. You can use this information to adjust your marketing strategy and improve your sales.
Create high-quality content that provides value to your audience and to clearly communicate the benefits of your course or ebook in your marketing efforts. You should also make sure to set a competitive price for your content to encourage sales.
Consulting and coaching
Providing consulting and coaching services on YouTube is a way to monetize your channel and use your expertise to help others. Here’s how to get started with consulting and coaching on YouTube:
Determine what services you’ll offer: Think about what you’re knowledgeable or passionate about and how you can use that expertise to help others. You can offer one-on-one coaching, group coaching, or consulting services depending on your strengths and interests.
Set up a website: You’ll need a website to advertise your services and provide a place for potential clients to contact you. You can use a website builder like Wix or Squarespace to create a professional-looking website.
Promote your services in your videos: Mention and showcase your consulting or coaching services in your videos and include a link to your website in the video description. You can also promote your services on social media and other relevant platforms.
Engage with potential clients: It’s important to respond to inquiries from potential clients in a timely and professional manner. You can use email, phone, or video conferencing to communicate with them and discuss their needs.
Remember, it’s important to set clear expectations for your services and to provide value to your clients. You should also make sure to set competitive rates for your services and to regularly update your skills and knowledge to stay relevant in your field.
Events
Hosting live events on YouTube is a way to monetize your channel and engage with your audience in a live setting. Here are some ways you can make money from hosting events on YouTube:
Host a live stream: You can host a live stream on YouTube and charge a fee for viewers to access it. You can also offer perks or bonuses to viewers who pay a higher fee.
Host a virtual conference: You can host a virtual conference on YouTube and charge a fee for attendees to access it. You can also offer sponsorships or exhibitor booths to businesses interested in reaching your audience.
Host a workshop or seminar: You can host a workshop or seminar on YouTube and charge a fee for attendees to access it. You can also offer additional resources or materials to attendees who pay a higher fee.
Host a charity event: You can host a charity event on YouTube and ask for donations from viewers. You can also offer perks or bonuses to viewers who donate a certain amount.
Set clear expectations for your event and to provide value to your attendees. You should also make sure to promote your event widely to get as many views as possible and to set a competitive price for access.
Sponsored content
Sponsored content on YouTube is a way to make money by promoting a company’s products or services in your videos. Here’s how to get started with sponsored content on YouTube:
Find companies to work with: You can use a platform to find companies looking for YouTube creators to work with. Alternatively, you can reach out to companies directly to ask about sponsored content opportunities.
Negotiate a deal: Once you’ve found a company that’s interested in working with you, you’ll need to negotiate the terms of your deal. This might include the type of content you’ll create, the duration of the campaign, and the payment you’ll receive.
Create the sponsored content: Follow the guidelines provided by the company to create the sponsored content. Make sure to disclose that it’s sponsored content in the video description and include any required hashtags or links.
Promote the sponsored content: Share the sponsored content on your YouTube channel and on social media to get as many views as possible. You can also promote the content in other relevant places, such as forums or online communities.
Be transparent with your audience about sponsored content and to only work with companies that align with your values and those of your audience. You should also make sure to deliver high-quality content that provides value to your audience.
Product sales
Selling products on YouTube is a way to monetize your channel and make money from your videos. Here’s how to get started with product sales on YouTube:
Determine what products you’ll sell: You can sell your own products, such as physical or digital goods, or you can sell products from other companies as an affiliate. Consider what your audience is interested in and how you can meet their needs with your products.
Set up a website: You’ll need a website to advertise and sell your products. You can use a platform like Shopify to create an online store, or you can sell your products through a third-party website like Amazon or Etsy.
Promote your products in your videos: Mention and showcase your products in your videos and include a link to your website or online store in the video description. You can also promote your products on social media and other relevant platforms.
Monitor your sales: Use the analytics provided by your website or online store platform to track your product sales and see how well they’re doing. You can use this information to adjust your marketing strategy and improve your sales.
Create high-quality products that provide value to your audience and to clearly communicate the benefits of your products in your marketing efforts. You should also make sure to set a competitive price for your products to encourage sales.
Donations
To accept donations on YouTube is a way for viewers to support their favorite creators by giving money directly to them. Here’s how to get started with accepting donations on YouTube:
Set up a donation button: You can use a platform like Patreon or PayPal to set up a donation button on your YouTube channel. This will allow viewers to donate money to you directly through your channel.
Promote your donation button: Make sure to promote your donation button in your videos and on social media to let your audience know that they can support you through donations. You can also create a video explaining why you’re accepting donations and how the money will be used.
Engage with donors: It’s important to thank your donors and make them feel appreciated. You can do this through social media, email newsletters, or by creating exclusive content for your donors.
Be transparent with your audience about how the money you receive through donations will be used. You should also make sure to set clear expectations for your donors and deliver on any promises you make to them.
Licensing your content
Licensing your content on YouTube is a way to make money by allowing other people or companies to use your videos or other materials in their own projects. Here’s how to get started with licensing your content on YouTube:
Determine what content you’ll license: Think about what types of videos or materials you have that others might be interested in using. You might consider licensing your full videos, short clips, music, or graphics.
Set up a licensing page: You can set up a page on your website or create a separate landing page to advertise your licensing services. This page should include information about the types of content you have available and how to contact you to license it.
Promote your licensing services: Make sure to promote your licensing services in your videos and on social media to let your audience know that you’re available for licensing. You can also reach out to potential clients directly to pitch your content.
Negotiate licensing deals: When you receive a request for a licensing deal, you’ll need to negotiate the terms, including the length of the license, the fees, and any restrictions on use. Make sure to get any agreements in writing to protect your interests.
Set clear expectations for your licensing services and to be transparent about the terms of your licenses. You should also make sure to set competitive fees for your content to encourage sales.
YouTube Premium
YouTube Premium is a subscription service that allows users to watch videos on YouTube ad-free and access exclusive content. As a creator, you can make money from YouTube Premium in two ways: through ad revenue and through YouTube Premium revenue.
Ad revenue: When a viewer who has a YouTube Premium subscription watches one of your videos, you’ll still earn ad revenue as you normally would. The viewer will just not see any ads while watching your video.
YouTube Premium revenue: In addition to ad revenue, you can also earn revenue from YouTube Premium subscribers who watch your videos. YouTube determines how much you earn based on a variety of factors, including the number of views your videos receive from Premium subscribers.
To make money from YouTube Premium, you’ll need to enable monetization on your channel and meet all of YouTube’s eligibility requirements. You’ll also need to create high-quality content that is attractive to YouTube Premium subscribers.
Regularly upload new content and engage with your audience to keep them coming back for more and to increase your chances of earning revenue from YouTube Premium.
We hope that we helped you with our Tips on how to make money on YouTube.