Earning money to save our life is not easy now! Making money on YouTube is incredibly tough. There are certain formulas needed to make money on YouTube. If you are going to start your YouTube channel, you must know how to monetize on YouTube channel and start generating revenue.
The ultimate target of every YouTube channel is to get more attention from the viewers and score them. All the influencers need to earn YouTube likes and subscribers for their channel. If you want to improve your channel and make money, you should have more subscribers and watch time for your videos.
- First, you have to increase more than 1000 subscribers on your channel
- Your YouTube videos have generated 4000 watch hours
- You should follow the YouTube guidelines and policies
First, you should make an engaged audience, which basically means to upload videos every week and you get more audience comments, like, share, and subscribe to your content.
Let’s come we will discuss in-depth requirements about monetize:
Step 1: YouTube Partner Program:
YouTube partner program is the short form of YPP. You should read first and agree to the YouTube program terms and conditions.
Once you have created your YouTube brand account, find the YouTube Studio tab and select the monetization. Read the YPP terms and design your account like that.
- Adsense:
Next, you will need to sign up on AdSense.
AdSense is Google’s way of paying you to help their business, improve to grow, and sell ad space. (Google owns YouTube)
Technically, you’re not directly paid on YouTube; instead, you’re being paid via Google Adsense. This Adsense helps calculate your funds based on your video views and deposits on the 21st of every month. It is a huge part of this concept because you need to ensure that your videos are corporate-friendly or more popular than undebatable as a source of showing for brands.
In case if you already have an AdSense account, you can just connect it into your channel, but if you don’t wish to create a new account, you can link one AdSense account to your channel.
Step 2: New Monetization Features:
Each YouTube channel has a unique type of monetization requirements. That is,
- YouTube Premium Revenue:
If any premium subscriber watches your video, you will get a part of the subscription fee amount.
- Merchandise Shelf:
YouTube sells the merchandise shelf, but have some criteria:
- You have completed your 18
- You have at least 10000 more subscribers
- Ad Revenue:
To get the ad income, you should have completed the age of 18. And your advertisement content must be related to ad-friendly. More YouTube advertisers will be comfortable running ads on them and make money.
- Channel Memberships:
If you want to sell the channel membership to your subscribers, you should have 30000 subscribers for your channel, and you’re 18+.
- Super Chat Payments:
While live streams, you want to highlight your fan’s messages to pay for live chats, you should be at least 18+.
Step 3: Create Sponsored Content
- Create a Deal:
According to the study, YouTube videos are average, and the most costly type of sponsored content can buy from influencers. Basically, making a video for certain products is positively chargeable. Also, YouTube influencers can charge for posting videos on Instagram Stories or Facebook posts.
You should know your channel’s worth, like the audience’s size, engagement, and relevance, before fixing your budget.
- Be Transparent on your #Sponcon
#Sponcon is sponsored content for advertising. Transparency is good for your legal content. You can make a relationship with your audience. YouTube has a visible expose the feature to help you assure that your audience is aware when you’re advertising.
Step 4: Get your fans to pay directly:
- Super Chat:
In 2017, YouTube restored their previous Fan Funding with super chat. It is a trademark that is only available to YouTube Partners when they live stream. Your audience can create their comments more visibly; they are highlighted and pinned for a set amount of time depending on how much they pay in the live stream.
- Encourage Your Fans to become Channel Members:
YouTube provides your audience with the ability to pay you to become your channel members. If once they join with membership, give emoji, and Live chats with you. They regularly thank their channel members in their videos.
- Encourage Your Fans to become YouTube Premium Subscribers:
This method is one of the strategies because it only indirectly interests your channel. When YouTube Premium members watch your channel, you can get a part of their subscription fee.
Step 5: Submit Ongoing Reviews:
As a YouTuber, you should follow the below steps:
- Design Your Video:
Merchandise is a feasible way to get money on YouTube. The YouTube channel is meant to both feed your audience and represents a connection with you. (it means your merch should be unique)
- Build Your Product:
If you are a manufacturer, wholesaler, or supplier, create and transfer your product. Some suppliers will deliver the few products to you, and few will spare you, and they maintain the shipping and returns by handling.
- Create a Shop:
You should separate a website to handle purchases. If you need to link it directly from your videos, you can see YouTube’s approved merchandise sites.
- Promote Your Products:
Include your merch in your videos. This feature helps the audience who buy and use it. And don’t forget to add your video link or website link, include your video descriptions, use end screens and cards with compelling calls to action.
STEP 6: License your content to the media
When your video goes trending, every news wants to earn their hands on a version to redo it for the audience. Luckily, media industries are well aware that they should pay it. Also, you get another way to make money on YouTube.
- Updated on your About page:
You never know when lightning will strike. Even if you don’t have a business manager, set up a generic email account that you can point to for business inquiries.
- Place your Video Rights Marketplace:
Where your video is needed, you should sign up for your video. Then your videos are highly searchable, and you get more views.
