5 Proven Ways to Monetize Your YouTube Channel.
According to Statista YouTube is one of the most popular platforms for online content creation, with over 2 billion monthly active users and 500 hours of video uploaded every minute.
If you are a YouTube creator or aspire to be one, you might be wondering how you can turn your passion into profit.
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In this article, we will explore some of the ways you can make money on YouTube, and share some tips and tricks to help you succeed.
5 Proven Ways to Monetize Your YouTube Channel
1. Join the YouTube Partner Program
The YouTube Partner Program (YPP) is the main way to monetize your YouTube channel.
It allows you to earn money from ads that run on your videos, as well as other features like channel memberships, merchandise shelf, super chat, super stickers, and YouTube Premium revenue.
To join the YPP, you need to meet the following requirements:
- Have more than 1,000 subscribers
- Have more than 4,000 valid public watch hours in the last 12 months
- Have a linked Google AdSense account
- Follow all the YouTube monetization policies
- Live in a country or region where the YPP is available
Once you meet the criteria, you can apply for the YPP in your YouTube Studio dashboard.
YouTube will review your channel and notify you of the decision within a month.
If you are accepted, you can start earning money from your videos. However, keep in mind that the amount of money you make depends on various factors, such as the number of views, the type and placement of ads, the audience demographics, the video length, the topic, and the seasonality.
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2. Sell products or merchandise
Another way to make money on YouTube is to sell your products or merchandise to your fans.
This can be anything from t-shirts, mugs, stickers, books, courses, digital downloads, or anything else that relates to your niche and brand.
Selling products or merchandise can help you diversify your income stream, build your brand loyalty, and increase your fan engagement.
To sell products or merchandise on YouTube, you need to have at least 10,000 subscribers and be a member of the YPP.
You can then enable the merchandise shelf feature in your YouTube Studio dashboard, and link your channel to an approved merchandising platform, such as Teespring, Spreadshop, or Merchbar.
Once you do that, you can display your products below your videos and on your channel page, and direct your viewers to your online store.
3. Create sponsored videos
Sponsored videos are another common way to make money on YouTube. Sponsored videos are when a brand pays you to promote their product or service in your video.
This can be in the form of a product review, a tutorial, a mention, a shoutout, or a giveaway.
Sponsored videos can help you earn a fixed amount of money per video, regardless of the views or ad revenue.
To create sponsored videos on YouTube, you need to have a loyal and engaged audience that matches the brand’s target market.
You can then reach out to potential sponsors, or use platforms like FameBit, Grapevine, or AspireIQ to connect with brands that are looking for YouTube creators.
When you create sponsored videos, make sure to follow the YouTube guidelines for paid product placements and endorsements, and disclose the sponsorship to your viewers.
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4. Share affiliate links
Affiliate marketing is another popular way to make money on YouTube.
Affiliate marketing is when you promote a product or service that you use or recommend, and earn a commission when someone makes a purchase through your link.
It can help you earn passive income, as well as provide value and trust to your audience.
To share affiliate links on YouTube, you need to join an affiliate program that suits your niche and audience.
Some of the popular affiliate programs are Amazon Associates, ClickBank, ShareASale, and CJ Affiliate.
You can then create videos that showcase or review the products or services that you are affiliated with, and include your affiliate links in the video description or in the video itself.
When you share affiliate links, make sure to follow the YouTube guidelines for links in your content, and disclose the affiliation to your viewers.
5. Opt in to channel memberships
Channel memberships are another feature that YouTube offers to help you make money on your channel.
The channel memberships allow your viewers to pay a monthly fee to access exclusive perks that you offer, such as badges, emojis, live chats, videos, polls, or community posts.
Channel memberships can help you generate recurring revenue, as well as build a loyal and engaged fan base.
To opt in to channel memberships on YouTube, you need to have at least 30,000 subscribers (or 1,000 subscribers if you are a gaming channel) and be a member of the YPP.
You can then enable the channel memberships feature in your YouTube Studio dashboard, and set up your membership levels, perks, and prices.
Once you do that, you can invite your viewers to join your channel and enjoy your exclusive content.
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Frequently Asked Questions about Ways to Monetize Your YouTube Channel
How much does a YouTuber earn in Kenya?
The exact amount of money that YouTube pays in Kenya is unclear. YouTubers can earn from various streams on the platform. However, some Kenyan YouTubers have revealed that they get between KES 100 and KES 200 per 1,000 views. Moreover, they get KES 100,000 for 1 million views.
What are the requirements to monetize your YouTube channel?
YouTube monetization means making money from your videos. To join YouTube’s monetization program, you have to meet some requirements, like having 1,000 subscribers and 4,000 watch hours in the last year.
How much does YouTube pay for 1,000 views?
Your potential income from YouTube could be up to $6 for every 1,000 views. This implies that you could earn between $1,200 and $6,000 for each million views on your videos.
Bottom line
YouTube is a great platform to showcase your creativity, share your passion, and reach a global audience. It can also be a lucrative source of income if you know how to monetize your channel and videos effectively.
In this article, we have discussed some of the ways you can make money on YouTube.
However, these are not the only ways to make money on YouTube. You can also explore other options, such as crowdfunding, licensing, or working with brands as an influencer.
The key is to find the best methods that suit your niche, audience, and goals, and experiment with different strategies until you find what works for you.
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