How to Make Money on YouTube – 9 Highly Efficient Ways

Making Money on YouTube

YouTube is most lucrative and is currently the most influential platform. You can try MiniTool MovieMaker to download YouTube videos, convert YouTube to wav, mp4, mp3 and other formats. More important, you are able to make money on YouTube.

Related article: MiniTool uTube Downloader will download YouTube videos, YouTube playlist, YouTube subtitles for free, more details can check MiniTool YouTube Downloader manual.

According to YouTube, channels earning six figures per year increased by 40 percent and the number of channels that earned five figures or more grew by more than 50 percent from July 2017 to July 2018. Compared with last year, 75 percent more channels have surpassed a million subscribers.

Where eyeballs go, money follows. People giving up TV and getting video content through mobile devices is a huge trend, giving millions of people the ability to make money on YouTube. However, how do you make money from YouTube?

Making money on YouTube doesn’t mean you only need to upload some videos. If you want to make money from YouTube, you must constantly upload high-quality content to your channel and build a huge audience and fan base.

Here, before we get into how to make money on YouTube, you are suggested to have a clear understanding of your niche first.

Understanding Your Audience Demographics

You should know your niche just as, “Pittsburgh Dad,” creators tap into the specific culture and references of Pittsburgh. Zoe Marans, vice president at Mediakix (an influencer marketing company), says: “if you’re all over the place, doing all kinds of content, brands won’t understand what your audience is.”

Experts say, knowing who your audience is will make you attractive to advertisers, sponsors, and partners outside the YouTube sphere. If you understand the makeup of your audience, you will be able to take full advantage of the opportunities you have to build your own audience to monetize in a variety of ways.

You can click here to take a look at your audience’s demographic information.

With this demographic information (gender, age, Geographic location, and watch time), you’ll have a better understanding of your audience, and then you will be able to work better with brands.

Knowing your niche makes you create more outstanding videos.Click to tweet

How to Make Money on YouTube

There are different ways you can make money from YouTube. Generally speaking, YouTubers make money from things like advertisers, sponsors, affiliate companies, and others. Let’s take a deeper look at each one.

Solution 1. Make Money on YouTube from Ads

Using YouTube to run ads on your videos is one of the simplest ways to earn money on YouTube.

In the past, everyone could make money on YouTube. However, this has changed since January 2018. Google raised the standards required to have ads shown on your channel.

Now, you need to be part of the YouTube Partner Program (YPP) before you can start benefitting from ads. However, if you want to join the YPP, make sure you have 4,000 watch hours in the past 12 months, and 1,000 subscribers.

If you want to increase the watch time and get more subscribers on YouTube, you need to create excellent content. How can you create outstanding videos? MiniTool MovieMaker, a free and easy-to-use video editing software, is recommended here. This free tool can help you create cool videos easily and quickly.

When you reach the 1k subscribers and 4k hours viewed, you can try the following steps to join the YPP to start hosting ads.

Set up Your Channel to Earn Money on YouTube

Here, your video must follow the specific advertiser-friendly guidelines to be eligible for ads. Now, try the following steps to get your channel ready to earn.

Step 1. Enable your channel for monetization from Creator Studio.

Step 2. Connect your YouTube channel to an AdSense account. (According to USA Today, you can connect your account to a Google AdSense account once you get a certain amount of views. Then you can start earning money on your videos.)

Step 3. Know the kinds of videos you can monetize and the different ad formats and select “monetize with ads” for your videos.

Step 4. Choose which ad formats and videos you want from the YouTube Studio app and in video manager.

Step 5. Upload video which adheres to YouTube’s advertiser-friendly guidelines and tick the checkbox to agree to the policies.

After you have enabled monetization, ads can run on your videos. It is recommended to focus on building up a library of awesome videos to increase subscriber numbers. As a famous saying goes, if they build it, they will come. Then, YouTube connects your channel to paying advertisers.

Related: To create a cool video you can try MiniTool MovieMaker. For instance, I created Facebook Slideshow with this free tool.

How Much You Get from Ads

In most cases, you get paid when viewers watch ads. Now, I guess you might want to know how much YouTubers get paid per video or how many views it takes to make money on YouTube?

YouTube creators get paid based on two metrics: the number of ad views and the number of ad clicks.

If you want to get paid, you have to make sure your audience has clicked through to the advertiser or has viewed at least 30 seconds of the ad. Broken down further, about 15 percent of viewers will convert into ad revenue. Therefore, you can start to calculate just how much your video could be worth.

As an average, most advertisers are paying in the region of $7.60 per 1,000 impressions. However, don’t expect to see all of that $7.60 popped into your AdSense account because YouTube needs to make money too.

The ad revenue generated on YouTube is split between Google and you. Google/YouTube keeps 45 percent of all YouTube advertising revenue. Thus, you will take the remaining 55 percent. Simply put, if you were earning $7.60 on average, your actual earnings would be $4.18 per 1,000 views.

If you are just getting started on YouTube, you are supposed to find your niche. As time goes by, you will have a highly targeted audience base. As a result, advertisers are willing to pay good money.Then, you can earn money from YouTube.

If you’re already making money with ads on your videos and have an established audience, you can try other ways of making money on YouTube.

Solution 2. Working with Brands

Now, influencer marketing is big business. Brands and ad agencies all over the world promote their products and services by investing in individuals who have secured the loyalty and trust of their target demographic. Lesson: Getting started with brand partnerships.

Solution 3. Selling Products or Merchandise

YouTube is the second largest search engine in the world behind Google. Thus, we shouldn’t ignore this massive resource.

Selling merchandise like t-shirts, coffee mugs, tote bags, snapbacks, etc. can put your online brand and personality out there into the offline world, increasing your exposure and deepening the relationship between you and your fans.

For example, you can set up an e-commerce storefront using a resource like Shopify if you already have a product to sell. Next, try using video editing software like MiniTool MovieMaker to create videos that fit into your product’s niche. Then, at the end of this video, use interactive cards to funnel viewers to your product landing pages.

On the other hand, you can partner with an existing merchandising network for creators.

Solution 4. Crowdfunding

If you’ve got an amazingly creative idea, but lack of funds, you can try crowdfunding to make it happen. Crowdfunding is when a community of fans contribute money to your project.

If you need help buying better equipment or hiring actors or covering other production costs, you can shoot a video explaining your project or offering a taste of what it’ll be like. Make sure this video gets people so excited that they can’t help, but donate to your cause! You can also use interactive cards to funnel viewers to your crowdfunding sites.

Solution 5. Events

You can go and see your audiences in person and then build an even stronger community. Next, schedule live performances where your audiences are most active and engaged. Meanwhile, you can sell merchandise or tickets to your event.

Solution 6. Direct Traffic to Affiliate Links

Affiliate marketing is a hugely popular online money-making opportunity. Alliance links can be used in a variety of ways. The most common one is Amazon’s affiliate link. For instance, you need to register Amazon, then hook your viewers up with a product that you would recommend via your special links and then you’ll get a proportion of the final sale value.

Solution 7. Attracting Sponsorships

You will find that the most successful YouTubers have the notice of the sponsorships and advertisements in their video recordings. With sponsorships, you don’t have to give YouTube a cut and you can negotiate whatever contracts you want based on impressions and the size of your audience.

Solution 8. Renting out Your Video

Like a pay per view service, you can rent out individual videos for cold hard cash. In the Creator Studio, you not only set the amount you want to rent it out, but you can also create an enticing trailer to encourage people to buy it.

Solution 9. License the Content to Your Media

If you happen to create a viral video with mass appeal, you can make serious bucks by licensing it to the wider media. TV news outlets, morning shows, online news sites, and other creators are willing to pay good money to use your amazing clips if they happen to go viral.

Meanwhile, you can list your videos in a marketplace such as Juken Media where others can easily find your content and purchase it directly.

If you want to make money on YouTube, now you can try out the different 9 solutions. I have shared with you. Click to tweet

Bottom Line

In short, making money on YouTube is certainly not easy way but it is not impossible. Making money on YouTube takes a lot of time and effort, but it is a good way to expand your business opportunities and grow your business.

Now, you can try the above ways to make money on YouTube. First of all, think about where you are in your YouTube journey. Then, create a blueprint for earning money that works best for you and your audience with a little trial and error.

Hope this article is helpful. If you have any other good solutions that work best for you and your community, please share it with us by leaving it in the comments section. This page will be updated soon.

Make Money on YouTube FAQ