Every day, five billion YouTube videos are seen worldwide. YouTube is still as popular as it has always been, with users spending an average of 40 minutes every YouTube session.
In keeping with this digital transformation, the next thing you should understand is how to generate money on YouTube. You need video editing software and a computer to get started on YouTube.
Making money as a vlogger is no longer limited to a small group of platinum bands or enormous influencers. There are numerous ways for regular people to generate money as a vlogger on YouTube.
You must, however, be more deliberate in your approach.
We will go over the five monetization strategies you can implement to start making money on YouTube as a vlogger in this article.
Let’s get this party started.
How To Money On Youtube As A Vlogger
While it is feasible to generate a big income as a content creator on YouTube, it is not the easiest. Every minute, 500 hours of video are uploaded to YouTube throughout the world.
Numbers do not deceive. As a result, competition is fierce, and making a lot of money online gets more difficult. Here are five strategies to increase your earning potential from YouTube.
Read Also: 8 unique ways to promote your business using videos
1. YouTube Monetization: Use affiliate links on YouTube to make money.
Promoting affiliate links may be a huge moneymaker for channels that provide in-depth training and informative product reviews. For example, if you promote a product and a user clicks on your link to purchase it, you will begin receiving commissions. You can include these links in the first few lines of your description and discuss them in your video content.
Posting affiliate links on YouTube is similar to promoting affiliate links on your site. As a result, you should avoid sprinkling affiliate links throughout your YouTube clip just for monetary gain. Remember that viewers will only click on these links if they believe you are a reliable source.
To gain the trust of your audience and gain more subscribers, assist them in solving specific problems and providing tutorials. As an added advantage, you can create videos that offer solutions that you have already achieved on your own.
There are numerous affiliate programs available for you to join. On a famous affiliate network such as Shareasale or Awin, you may join a variety of programs all in one spot.
The ideal way of increasing earnings is to build a blog alongside your YouTube channel and include affiliate links there as well. That way, you may monetize YouTube while also having a website on a platform that you own.
The first step in launching a blog is to sign up for web hosting plan, Godaddy.com.
To begin, follow these steps:
- Go to Godaddy.com and click the Get Started button.
- Select a hosting plan ($2.95/month is the lowest with my link).
- Enter a new website domain name or select an existing one.
- Enter your account information, account plan information, and billing information.
- You can uncheck the Sitelock Security and Codeguard Basic add-ons.
- Once you have clicked Submit, you are ready to go!
2. Make Money on YouTube by Raising Funds from Your Fans.
If you have created a dedicated fan base, inviting them to crowdfund your channel can help you fund new videos and profit.
A platform like Patreon makes the process of getting paid for your content more easy. Your fans can subscribe to their favorite channels for as little as a dollar, and they may even receive unique gifts from their favorite content providers.
Tipee is another service that combines regular and one-time donations.
To keep their video operations running smoothly, for-profit and nonprofit channels alike are leveraging fan-funding with their audiences. You did be surprised at how generous your visitors become if your content is fascinating, amusing, or provides value.
3. Earn Money from Advertising by Becoming a YouTube Partner.
Ads are the most important source of income for many YouTubers.
You can earn money as a YouTube Partner in a variety of ways. You can earn money by displaying advertisements before your videos, selling channel memberships, or using Google AdSense banner ads.
There are, however, some ground rules to follow before becoming a certified YouTube Partner, as well as some criteria to get started. Aside from following YouTube’s commercial policies, you must have at least 4,000 video view hours on your channel in the last 12 months and 1,000 subscribers.
There is no set timeframe or format for completing these 4,000 hours. You can acquire 100 hours on each of 40 videos, or any combination of the two, to get your total to 4,000.
For example, it took five months for the popular international smash Gangnam Style to reach one billion views. Despacito, on the other hand, was impatient, reaching 1 billion views in just 97 days.
After successfully completing the 4,000-hour requirement and being accepted as a YouTube Partner, you can begin earning money from commercials.
A green “$” next to your videos in your Video Manager signifies that you can now monetize them on YouTube.
Despite the fact that YouTube Premium removes adverts for viewers for a monthly charge, YouTube still supports creators by paying depending on a percentage of total viewing time.
However, you may not always be able to generate cash only from advertising on YouTube. There are additional ways to increase your earning potential on YouTube.
4. Utilize Your YouTube Marketing Funnel To Its Full Potential.
Improve the sales potential of your YouTube channel. Choose a specialty, become a YouTube partner, and begin creating your marketing funnel.
YouTube is one way to get your message out there, but you can make more money by combining it with a blog. You will be able to acquire more email addresses and potentially selling things to your fan base this way.
For example, if you produce a blog article about an affiliate product you promote, repurpose it by creating a YouTube video that is integrated in the post.
Then, redirect viewers from YouTube to your site and the affiliate links to make commissions while also increasing blog readership.
Another excellent alternative is to integrate your YouTube channel with an ecommerce platform such as Shopify and sell merchandise. Here are some amazing YouTube merch stores to get some ideas from.
5. Become an expert in YouTube SEO.
For video creators who have not yet established a significant audience, this year is the time to pick up your game and utilize YouTube SEO.
To accomplish this, conduct keyword research as usual, but think differently based on what people are searching for on YouTube. Next, ensure that high-value keywords are used in your video title, description, and video tags.
Once you have launched, you can look at your YouTube “Traffic Source: YouTube search” report to see what people are looking for when they find your hosted videos.
In general, Google returns video results for keywords such as “how to,” “reviews,” “tutorials,” and “funny video terms.”
In addition, there are five crucial YouTube SEO ranking elements to consider:
- Number of comments
- Subscribes after watching a video
- Thumbs up/thumbs down ratio
- Video length
- Click-through-rate on the YouTube search results
Read Also: Videos as Part of your Digital Marketing Strategy
How Much Can You Earn on YouTube?
The quick answer is that it depends.
You can increase your revenue potential by using ad monetization, affiliate links, and selling sponsored placements in your videos.
Ads on YouTube can be purchased on a CPM, CPV, or CPC basis. A typical YouTuber earns $7.60 per 1,000 views using cost per impression (CPM).
Nonetheless, according to Google policy, creators receive 55 percent of ad revenue, while Google retains 45 percent.
Now, if you use affiliate marketing as a channel owner, advertisers pay using various models – often cost per sale or cost per lead. In this case, your revenues are directly proportional to the number of conversions and sale commissions you receive from advertisers.
You can also charge a fee for sponsored product placements in your films. YouTubers make money here by selling quick mentions or longer product recommendations to marketers searching for visibility.
Brands will, however, compensate you if you have built a demonstrable following on your channel. This fee could range between $20 and $50 for every few thousand views they receive on your channel.
So, if their video on your channel, for example, receives millions of views, you might be dancing to the bank for anywhere between $20,000 and $50,000. When you don’t have millions of views, this technique is a better way to monetize.
Is It Difficult To Generate Money On YouTube?
Making money on YouTube is quite challenging. To join the YouTube Partner Program, you must first have 1,000 subscribers and 4,000 view hours within the last 12 months. Then you must generate a large number of views and track your cost per view (CPV) to determine how much money you gain from adverts.
If you don’t have millions of views, affiliate marketing is an excellent way to monetize your channel. You can review products or give product instructions, and you can include affiliate links in your video description. As a result, you can receive commissions on each sale and earn more money than your advertising CPV.
I recommend that you develop a blog in addition to your YouTube account. As a result, you may promote affiliate links on both your YouTube channel and your blog, as well as embed your videos in your blog entries to increase views (and help your search engine rankings).
How Much Are 1,000 YouTube Views Worth?
There is no conclusive answer to the question of how much 1,000 views are worth. Consider your industry, the number of people who click on your adverts, and the country in which you are based. This everything contributes to your average CPM.
Additionally, advertisers register a Google AdWords account to place YouTube ads and then select an ad strategy based on whether they want to pay per view (CPV) or pay per click (CPC).
For example, you could get $0 for one view and $5 for another view if that viewer clicks on a high-value advertisement. A good rule of thumb is to assume that you will earn $0.75 – $1.00 for 1,000 views if you use banner ads, or $6-7 per 1,000 views if you use ads that play before your video starts.
How Many Subscribers Do You Need To Make Money?
To be able to monetize your channel, you must have 1,000 or more subscribers, according to the YouTube Partner Program eligibility requirements. You must also have 4,000 watch hours in the last 12 months and an active Google AdSense account. Once you have applied and been accepted into YPP, you will be able to customize your ad options and activate revenue for the videos you upload.
Making money on YouTube is conceivable, however, it is difficult to make money just through YouTube. It is critical to establish your own platform, such as a blog, and to use YouTube as a secondary traffic source. One advantage is that YouTube SEO is not as competitive as organic SEO yet. If you can get in now and start producing traffic, you will be in a stronger position when the competition heats up in 2022.
Start a blog with a high-end marketing funnel, then join YouTube as a secondary approach to increase your email list and earn affiliate money.
The ideal method to accomplish this is to launch a blog in tandem with your YouTube channel.
Feel free to implement some of these YouTube monetization tips this year to create your channel and grow your audience of loyal viewers.