How to make money on YouTube? 8 Effective Strategies.

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Usually, YouTube channels upload their content on YouTube while people search for videos and watch them as their taste or demand.

The world is watching 1 billion hours of YouTube videos daily. Many of us want to know how to make money on youtube but don’t have information to do so.

It is said to be the more video gets viral, the more YouTube channels make money through it.

In this article I will give you complete step-by-step guidelines on how to make money on YouTube in 2020.

How to make money on YouTube in 2020?

Become a YouTube Partner

Becoming a YouTube Partner means that YouTube will give us access to special monetization features including the ability to show ads, display merchandises and much more.

YouTube Partner Program allows us access to a range of money making channels, including premium membership rates and a merchandise shelf.

Here is how to become a Partner for YouTube:

Start a channel.

Simply create a YouTube channel by the login with Gmail details. Start making videos according to a specific niche of your interest.

Try to upload your video content daily. It must be innovative with a high definition camera results and clear sound.

Meet the YouTube Partner Program criteria.

In 2020, the criteria for Joining the YouTube Partner Program is that your channel should reach 4k watch hours and 1k subscribers with the past 12 months.

Once you have completed or surpassed these number you can apply for the program.

Apply for YouTube Partner Program.

When you meet the necessary criteria, taking these procedures, you may submit an application to join the program:

i. Go to the YouTube site on top right. Tap the account button, and pick Creator Studio.

ii. On the left-hand side, click Channel. Then, select Status and Features.

iii. Click Enable under the box which says Monetization.

ix. Agree to the terms of the YouTube Partner Program.

Setup an Adsense account.

You need to set up an AdSense account linked with your profile as part of the registration process to ensure you receive and get paid money from your videos.

Keep in mind that you can only have one such account and link multiple channels to the same account.

Get Reviewed.

Once you have applied to become a YouTube partner and set up your Adsense account, at this point now they will review your account both automatically and humanly as the channel fulfills the YouTube Partner program criteria or not.

Explore new monetization options.

There many other ways to monetize your Youtube channel but keep in your mind that you must have to fulfill its eligibility criteria.

Advertisement revenue

Running an advertisement is the best way to make money of YouTube. Make money by displaying, overlaying or video advertisements next to your content.

You must me at least 18 years old or have a legal guardian who wants to manage the payments to do so. Your content also has to meet the guidelines for advertiser-friendly content.

Channel memberships

Offer special offers to channel members who make recurring monthly payments. To utilize this feature of YPP you must be at least 18 years old and have 30k subscribers.

Super Chat

Earn money from fans who pay to get their messages highlighted in chat streams. You must be at least 18 years old and live in a country that offers Super Chat.

YouTube premium revenue

Get a part of the membership fee for a YouTube Premium subscriber when they view your videos.

Merchandise Shelf

Sell your own branded merchandise for your fans or supporters by putting them on the merchandise shelf. You must be at least 18 years old and have 10k subscribers to unlock this feature.

Create Sponsored Content

If your channel gains traction you can become an influencer with sponsored content and make money on YouTube. You may be able to profit by endorsing branded products once you have a large and committed following.

Search a brand to sponsor

When your number of subscribers increases, brands may start reaching out for collaborations.

When this happens, studying the brands and their goods is a smart idea before they are advertised on your site.

Endorse items that fans can honestly recommend to avoid sacrificing the quality of their content.

When you’re thinking about a particular company you’d like to sponsor, you should reach out to them yourself to explain how they’d benefit from partnering with you

For example, you might tell them why your target audience is important, how many people your channel is subscribed to, and how much interaction your videos get

Create branded content

When you’re working with a company, you can promote them on your platform in many ways.

For example, you can create whole brand-focused videos or integrate the brands into other video material.

For starters, many beauty influencers sponsor beauty products as part of a broader tutorial on the makeup.

Become an Affiliate Marketer

Another choice is to sponsor Affiliate Marketing goods and brands. As an affiliate marketer, you will get a special connection to a website of a client that will track back to your account.

If people use the link to purchase from the product, you will get commissions from the sales.

Because the company only pays you when you make purchases-instead of merely promoting their products-you don’t need a huge following to get started.

Join an affiliate program

Several affiliate programs are available to join. A common choice is Amazon Associates, which provides a discount of up to 10 per cent to those new to affiliate marketing.

Many major retailers including Target and BestBuy also have franchise systems. Consider affiliate marketing platforms such as: for even more options

Clickbanks

ShareAsale

CJ affiliate

Impact

Rakuten Advertising

You’ll be able to connect with a variety of brands using these platforms and get affiliate links that you can use to make sales.

Reach to brands

While joining one of these platforms is the easiest way to connect with brands, you can also reach out to companies that you are interested in promoting and believe would be valuable to your audience.

Be sure to clarify how they would benefit from the collaboration when you contact them and why your fans will be a good audience for their brand.

Feature the product in your videos

When connecting to a brand and obtaining an affiliate link, include the products in your videos.

Be sure to integrate them seamlessly into your content so you don’t come across as overly promotional, as some of your fans may be offset by this.

Rather recommend products in a way that gives your audience genuine value.

Such as if you are an online fitness trainer you can easily influence people to buy fitness related products.

Add an affiliate link

Finally copy your affiliate link and paste it to your video’s description.

Must conclude your video with telling your audience about the link that is below in your description.

Sell merchandise/clothing

Another way to make money on YouTube is by selling merchandise on YouTube, helping you fulfill your business idea online.

You can offer products which you already sell on other platforms, or you can create a new collection based on the content of your channel.

Keep in mind that if your videos already have a fan base you are much more likely to make sales so concentrate on creating your reputation before you start making those items.

Design your products

Your merchandise should represent your brand, appeal to your target audience, and build your channel community.

Think about something relevant to your niche as you dream up your products that would interest your viewers.

Note that you can check your analytics on YouTube to gain a better understanding of the types of people interested in your content.

For example, if your channel is about makeup or beauty, you may want to sell branded cosmetics or makeup bags.

If you’re a fitness instructor for YouTube, on the other hand, you might consider selling branded fitness equipment and energy bars.

You may also survey the audience to determine what types of items they are most interested in.

Sources/build your product

Now, it’s time to bring your ideas for the product to life. You’ll probably need a supplier, wholesaler or retailer to produce your goods and distribute them to you.

You may also seek dropshipping, a process by which the manufacturer, wholesaler or retailer ships the goods directly to the customers.

No matter which method you choose, be careful not to overstock at the start. Start with only 1-2 items instead, and manufacture them in small quantities.

That way, you’re going to have time to assess their popularity and estimate how many people are going to buy.

An Online store for your brand

Start an online store to handle the transactions. This will allow you to manage compliance end-to-end, accept secure online payments and more.

Having your own professional E-commerce website would also raise the reputation of your brand while providing your customers with a dedicated place to shop for your merchandise.

Enable your merchandise shelf

This option will let you display up to 12 branded official merchandise on your video page of your channel in YouTube Partner Program.

Promote merchandise in your YouTube videos

Once you had launched your E-commerce store, start promoting your merchandise.

You may encourage them in the conclusion of your videos, which will have more effect on the viewer’s minds. You can also offer special discounts to your viewers to boost up sales.

Crowdfund

Crowdfunding is the process of raising funds from a significant number of people who are interested in your project, whether it be friends, family, or third parties.

It is a feasible option to make money on YouTube if you are looking for a monthly income or a one-time donation to get your efforts started.

Join a crowdfunding website

First you need to enter a site for crowdfunding. Check out the list of licensed crowdfunding sites on YouTube for various options. Among the most well-known are:

Gofundme

Crowdfunder

Indiegogo

Kickstarter

Promote your crowdfunding campaign

You’ll need to raise awareness about your campaign after you build an account. So that’s where the connection to YouTube comes in.

You can use the videos to tell the story behind your brand or project. Build interest, excitement, and suspense by keeping your fans updated on your progress in fundraising.

Additionally, by providing incentives, such as shout-outs, unique content, or free merchandise, draw in donors based on the amount they donate.

You can also share your campaign on other social media platforms such as Facebook, Instagram, and Twitter accounts.

Fans funding

Another way to make money on YouTube is funding by the fans. Although crowdfunding platforms target a general crowd for donations, fan funding from your audience directly sources of funds.

Sign up a fan funding website

By joining a dedicated website, you can start with fan funding. One of the most common is Patreon, which provides content creators with resources to get recurring, long-term fan support.

Another alternative is to directly fan fund the inbuilt features of YouTube via YouTube. You need to become a YouTube Partner first for this.

As a Partner, you can raise money by selling channel memberships directly under your YouTube posts, which take the form of a Join button.

By clicking this button, fans will be given the option of providing daily support for rewards such as custom badges, custom emojis, and exclusive content.

Promote your fan funding campaign.

To run an effective fan fundraiser campaign, you’ll need to spread the word to your followers so they can participate. Conclude your videos with respectfully asking viewers to help your work.

Create new YouTube channels and Sell

For startups it’s hard to get it monetize the channel as it will take much time. Creating new YouTube channels and sell them is an innovative idea.

It’s maybe an underhanded tactic to make money on YouTube. But from this type of work, experienced YouTuber’s are selling those monetized channels in a very large amount of money.

Simply create YouTube channels

YouTube channel is easy to create but if you are not already a public figure, there are 90 percent chances of people failing to get it monetized.

To meet the criteria of the YouTube Partner Program, you have to add powerful content daily for maybe a year.

Thus, experienced YouTuber’s who are well known to the public create them and get monetization by fulfilling its criteria.

Sell YouTube channels

Once monetization is completed YouTuber’s may make auctions on social media or find the customers locally. There hundreds of ways to sell channels on your own prices.

License to the media

Most of the videos isn’t going viral. However, when it does, many news outlets want duplicates so they can replay it to their public.

You will make money in this situation by selling it to the media and charging them a license fee for permission to use it.

Add your contact info.

There is no real formula for viral content formation. Often it is just about healthy marketing strategies and chance.

If you do create a viral video, the first thing you can do is make it easy to find your contact information.

It would improve the odds of the news organizations reaching out and providing payment in return for a licensed copy.

Create an email address that includes your YouTube channel name, and put it on your website and in your YouTube channel’s description section.

Explain what this email address is for with a concise and straightforward answer, such as: Please contact [email address] for business inquiries.

Join a video rights marketplace

You can also pay to have your videos listed on a website for video rights.

This makes discovering and buying the content more accessible for media professionals.

For example, Jukin Media is a video rights marketplace that stores your files in its content library and sends them to news outlets, advertising agencies, and other organizations.

If these organizations want to use your content, you will then make money.

How much money can you make on YouTube?

Now that you know how to make money on YouTube, you might wonder if you can earn enough to be a full time job. These statistics give some insight into how much YouTubers are making:

Google charges the video maker 68 percent of its AdSense sales. That means Google will pay you $68 for every $100 which an advertiser pays.

i. YouTube advertisers pay $0.18 per view, on average.

ii. On average, a YouTube channel can receive $3-5 for every 1000 video views.

iii. Whether it’s selling merchandise or creating affiliate content, the amount you make from other YouTube monetization strategies depends on your marketing efforts and the number of fans.

The answer is not black-and-white like with many things. You might start making some extra cash on the side and make a comfortable living out of it later, with enough hard work and persistence.

Experiment with various possibilities of monetization to find the alternative that is right for you.

How much money do YouTubers make?

So you can get a bit of inspiration here are 10 of the world’s highest paying YouTubers in order and from every niche.

1. Ryan’s world: $26 million
2. Dude Perfect: $20 million
3. Nastya: $18 million
4. Jefree Star: $17 million
5. DanTDM: $16.5 million
6. PewDiePie: $15.5 million
7. VanossGaming: $15.5 million
8. Logan Paul: $14.5 million
9. Markiplier: $13 million
10. Jake Paul: $11.5 million

Conclusion:

The above information explains how to make money on YouTube. If you have will you’ll find a way, I am giving you out the ways now see in yourself are you willing to do the unthinkable.

Here are more ways how to make money online.

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