How to make money on YouTube?

Every day you hear about YouTube stars making millions of dollars by sharing their videos. But how do they do it? How to make money on YouTube?

There's Ryan Kaji, an eight-year-old boy  who made $ 26 million in 2019  just by reviewing toys on his YouTube channel. And actors like Darren Criss and Rachel Bloom have gone from YouTube stardom to Hollywood stardom.

If you enjoy explaining topics, interviewing people, or just enjoying the camera, you might want to consider starting your own YouTube channel.

YouTube can be a great way to make money. It's not fast, and it's definitely not as easy as some people think. If you want to make money in a week, there are better options.

But if you're a creative person with a message to share and a passion for audiovisual, you can learn how to make money on YouTube.

ALSO, CHECK THIS ONE "EARN MONEY BY TAKING SURVEYS"

Topics that make money on YouTube

One of the first things you will need to decide when starting your own YouTube channel is what type of videos you are going to produce. You can choose what works for you, but there are a few popular types of videos that make it easy to get started.

Product Reviews

If you have expertise in a certain topic and can objectively rate products, this can be another popular way to create videos. You can do this with all kinds of products like cameras, computers, cell phones, or dog toys.

The key is to choose a certain niche and stay there .

Tutorials

Tutorials are another popular way to help others with your expertise. You can guide people through common issues like how to sew a button, curl your hair, pay your taxes, or even cook a chicken. People constantly turn to YouTube tutorials for projects ranging from crafts to health issues.

Make a list of your interests and skills to identify the types of tutorials you can create.

Vlogging

If you are constantly telling interesting stories, have exciting experiences, or just have a knack for discussing mundane sightings, you might consider starting a vlog. Rather than writing down your thoughts, you'll record them and share them with your audience. This can be a great way to make money.

It's easy to start a YouTube channel, but making videos and finding a loyal following is more difficult.

Step 1: Create your YouTube channel

Creating a YouTube channel is as easy as logging into YouTube and selecting the “ Create Channel ” link under your profile picture. From there, you'll be taken to the channel dashboard where you'll find tools and tutorials for creating, uploading, and sharing your videos.

You must provide an email address. So as not to mix up your professional life and your private life, I advise you to use different email addresses.

Don't forget to fill out all of your profile details, including the About section. Download an eye-catching channel header image and make sure it looks good on mobile and in a web browser.

Step 2: decide on a strategy

You can post videos on a random schedule with topics that are unrelated to each other, but if you want to make money on YouTube, you need a more focused strategy.

“Honestly, I would say the quality / quantity of the content and the ability to target people looking for your content is the winning strategy ,” said Joseph Hogue, of the YouTube channel Let's Talk Money. "There was one video benchmark a week, but today it seems to me that anyone who is really trying to expand their channel will have to produce two a week. Hogue recommends that you create a schedule with a defined time and day for each video you stream. Once you've set a schedule that you're comfortable with, consider these factors as well:

How many videos will you produce each month?

What day and time will you post them?

What kind of information will you include in your video descriptions?

Are you going to include details from your personal life or will it be more formal?

What will your video thumbnails look like?

How will you choose the subjects to produce?

To get an idea on which strategy will work for you, check out other popular channels in your niche. Don't copy them, but use them as inspiration for what works. If you see multiple channels repeating the same times / content, this is a clue that you should also consider doing the same (but with a different style and your own personal touch).

Step 3: Develop a method to create and download videos

To make the process easier and smoother, you need to develop a system or procedure for your videos.

Many successful YouTubers advise shooting multiple videos in one session and processing them in batches. That way, you can do all the work at once and then plan their release ahead of time.

You can also build things like step-by-step playlists to further streamline the process. The popular TubeBuddy tool offers this functionality and other useful resources such as keyword research. 

Learning to use keyboard shortcuts in your video editing software can also speed up the editing process. As you grow your channel and your income, you can hire an editor or virtual assistant to help you with these tasks.

The main idea is to develop a system that works for you so that you can operate on autopilot. It frees up your time for other things like scripting, creating engaging videos, and marketing.

Step 4: adapt and revise

Take a step back from time to time and assess whether you are achieving your goals. You can look at your analytics to see if you're reaching your target audience, how many views you're getting, which topics are successful and which aren't, and other metrics to help you understand how your channel is performing. If what you're doing isn't working, you may need to take a step back and make some changes.

You should also join a community of other YouTube creators, especially those in your own niche. They can provide commentary on your channel and you can ask questions about what is working for others, what systems or programs they use, or what promotional strategies are there. This allows you to network with other creators, learn and develop your channels together.

How to make money with your YouTube channel?

There are plenty of ways to make money from your YouTube channel once you are followed.

Adsense

It is the most popular way to make money on YouTube. However, there are two steps you will need to take before YouTube will allow you to place ads on your videos:

Have at least 4000 hours of viewing your videos in the last 12 months

Have at least 1,000 subscribers

Given these stringent requirements, many people find ads to be more of an additional, rather than primary, way to make money on YouTube.

“CPMs are also down sharply,” said Sarah Wilson of Budget Girl. CPM refers to “cost per thousand,” or the rate paid to broadcast an ad to 1,000 viewers . 

“Overall, we are paid less. YouTubers aren't allowed to disclose CPM, but I am watching mine and can say it has been lower this year compared to previous years. "

This is another reason why relying on YouTube for your income alone can be dangerous. You are always at the discretion of the platform. It helps to diversify your sources of income by  starting a blog  or creating your own products.

Brand partnerships and sponsorships

Ads are a great way to make some extra cash, but the real way for many YouTubers to earn is by partnering with brands.

You have to be careful with this method. It can be lucrative, but you can't advertise or sell products that don't make sense to your audience. If you do, you will lose their trust .

“Be very picky with who you partner with,” Wilson said. “No matter the size of the business, it dilutes your brand. So charge accordingly and be prepared to do your own research on how the business works. "

Make a list of your favorite businesses that are relevant to your channel and contact their marketing department. If you have ever made videos about these products, you can show them as proof that you are a real user.

Affiliate Marketing

With affiliate marketing, you always feature another company's product in your videos, but instead of earning a flat rate, you'll use a unique referral link in your video description and earn a commission for each person. who purchases the product through this link.

“I try to mention [the affiliates] when it naturally fits the topic,” Hogue said.

You can even fine tune your affiliate strategy. Here's one that Hogue is trying.

“I'll be doing a series of two or three videos on a topic that is naturally suitable for an affiliate,” he said.

Pick a product or service that you have actually used and that you think your audience would love. Then think about how to create new content around that product.

Sell ​​your own products and services

If you've created courses, eBooks, or other products before, mentioning them in your videos can be a great way to generate sales. Make sure to provide a link in the video description so that users can find them easily.

Ask for fan support

Another way to make money on YouTube is to request financial support from fans through a service like Patreon . This may make more sense for some niches than for others. For example, fan support is a common way for video game players to earn income, while that is nonsense for a channel that deals with finance.

“This is not a place where I personally put my money, so I would feel bad to ask my viewers for it,” Wilson said. “It would be incredible support to know that viewers supported me, that they were willing to pay a monthly fee just to support me, but I would never ask them. "

Making money with Patreon is a reality for many YouTubers, but it's something you can only ask for once you've posted a lot of great value content.

Will you be the next YouTuber millionaire?

Making a million dollars on YouTube is possible, but takes work, even for the most serious person. But YouTube can be a great platform for building an audience that can benefit your blog, coaching business, or online course.

It can also be a great way to learn new skills, challenge yourself, and make money with your hobby. If you are persistent, want to learn, and love the camera, this can be the perfect activity. If you work hard enough, it can even become your full-time profession.

If you liked this article on "How To Make Money On YouTube", feel free to ask your questions or leave a comment below. Thanks and good luck!