In the past, Make money on YouTube was as easy as uploading quality content, getting millions of views, and earning a slice of ad revenue. Content creators now have access to multiple ways to monetize their content. Continue studying this article to know.
How To Make Money On YouTube In 2023
1. Earning Rewards as a YouTube Partner
Becoming a YouTube Partner doesn’t make you money on its own, but it does give you the tools to make it easier.
Technically, you become a YouTube partner as soon as you monetize your content and start sharing ad revenue with YouTube. This gives you access to in-depth analytics on your audience and ad clicks. You also get a number of other partner perks, such as custom thumbnails and the ability to play a Google Hangout.
YouTube provides additional advertising to its YouTube partners and includes them in various advertising programs around the world, both online and offline. You get specially framed play buttons on your site when you reach certain subscriber levels:
a silver framed play button for 100,000 subscribers and a yellow framed play button for 1,000,000 subscribers. The more subscribers you have, the more tools and support you will earn from the community.
One important, though rarely highlighted, benefit of being a YouTube partner is that you keep the copyrights to your uploaded videos (assuming you own them legally in the first place). It’s not well known, but if you’re not a YouTube partner, you give YouTube permission to do whatever YouTube sees fit for your videos.
The YouTube Partner Program offers you a non-exclusive agreement. This means that YouTube has no limit on where you can upload and download content. So it doesn’t matter if you also choose to download content and monetize it on other video platforms.
2. Sell Online Courses to Your YouTube Audience
If you’re an online course creator or online training specialist, YouTube is a great platform to generate leads for your business, add students to your channel, and generate more revenue.
Unlike the YouTube Partner Program (PPY), selling courses on YouTube has no eligibility criteria. You just need to consistently post high-quality content, establish credibility on your topic, and convince your viewers to buy from you.
Many online course providers already do this.
For example, here’s a weight loss expert recommending his new course via YouTube.
So how exactly do you start an online course on YouTube?
Here is how it works.
YouTube will be your primary source of traffic, where you will post free content to grow your viewership, grow your subscriber base, and establish yourself as an authority in your niche.
When you are a trusted expert on your topic, it becomes much easier to convince your followers to buy from you.
When it’s time to start your course, you’ll set it up using an online course platform and simply share the course landing page link with your audience on YouTube. Ken McElroy, an investment expert, is one of countless course sellers who have successfully used this strategy.
He has built a reputation in his field by posting hundreds of free videos that answer all the questions of his target audience.
He kicks off his course once or twice a year by announcing it on YouTube and other social media platforms.
In short, YouTube is a place where you can showcase your expertise and build authority in your niche as it is the second most popular search engine in the world.
Once you have a large audience, you can redirect them to your course landing page when you launch your product.
3. Become an affiliate partner
If your YouTube audience is loyal and engaged, but not staffed enough, look for companies that are investing in affiliate marketing.
YouTubers associated with the business encourage their viewers to visit the brand’s online store or specific product pages. They then get a percentage of the sales made through – you guessed it – affiliate links.
In terms of setup and logistics, affiliate partnerships are similar to sponsored content services.
4. Subscription Fees
If you can build a solid audience of people who see themselves in your videos, then you might consider creating gated content in a subscriber-only paid channel. This is clearly not an option for beginners. Most YouTube viewers can afford to watch the material for free, and paying to watch videos on the site will change your mind.
The range of paid channels varies by country, but there are currently 303 paid channels available to viewers in the United States, with topics ranging from music to Sesame Street episodes to learning woodworking.
One problem with placing your videos behind a paywall is that there’s no way they’ll go viral. You can’t even easily promote individual videos – just your entire channel; Normal viewers can’t see your video.
You can use your free YouTube channel as a form of freemium leads for your paid services. Offer quality videos on your free YouTube site, but keep your best videos behind the wall on your own site.
5. How to Monetize Your YouTube Music Channel: Content ID
If you want to know how to make money singing on YouTube or creating your own music, Content ID can help you multiply your income. Plus, you don’t need to join the YouTube Partner Program to start earning.
What is a Content ID?
Content ID is an audio file tracking device that can identify your music as it is used in other videos on YouTube. This allows you to generate advertising revenue from any video content that contains your copyrighted sound recordings. Your content must be original, so if you’re looking to share other authored mixes, compilations, remixes, or audiovisual works, you won’t be able to monetize it.
How does it work?
Content ID is an audio file tracking device that can identify your music as it is used in other videos on YouTube. This allows you to generate advertising revenue from any video content that contains your copyrighted sound recordings. Your content must be original, so if you’re looking to share other authored mixes, compilations, remixes, or audiovisual works, you won’t be able to monetize it.
To get started with Content ID, we recommend signing up with a digital distributor that manages the distribution of your content across digital channels (including Spotify or Amazon Music). Here are some you can reach:
- DistroKid – one of the most popular music distributors
- CD Baby – offers a one-time fee instead of an annual or monthly subscription
- AWAL – your content will need to be approved before joining their network
6. Work with Brands as an Influencer
Once you have enough followers (or a small number of followers in a marketable niche), you can make money by promoting your brand and products to your fans through remarketing. influencers market.
It could look like product reviews, a thank you in your video, or a sponsor’s product placement. Either way, partnering with sponsors can be a great way to earn extra money on YouTube.
7. Use Crowdfunding For Your Next Project
In the past, crowdfunding platforms like Kickstarter have raised funds for successful YouTube projects. For example, the ’80s-style Swedish martial arts comic Kung Fury, and the latest in a series of existential horror stories from the SCP, SCP universe: Suzerain. Kung Fury has funded a budget of $630,000, garnered over 38 million views and is waiting for a sequel. Overlord has funded $23,000 and currently has 15 million views.
These projects would not be possible without crowdfunding. If you have an idea for a movie that people will pay to see, don’t overlook the power of crowdfunding!
Read also: 7 Ways To Make Money On Instagram In 2023
