I believe everyone is familiar with YouTube, which is the world’s largest video software. YouTube is our window to the world, and it is also a software that can help us earn income at home.
In the past, it was easy for people to make money at home through YouTube. They just had to upload great content, get millions of views, and then earn some advertising revenue. Now, content creators can turn their content into revenue in many ways. In addition to advertising, it also includes corporate sponsorship from big brands, fan funding or merchandise sales.
Key Takeaways
- The first step to making money on YouTube is to meet the eligibility criteria for the YouTube Partner Program.
- To join the YouTube Partner Program, your YouTube channel needs to have 1,000 subscribers and 4,000 hours of watch time in the past year, or 10 million public Shorts views in the past 90 days.
- This allows video creators to increase their revenue using advertising, fan funding, and merchandise sales.
- Those with numerous YouTube videos can earn $85 million per year; however, most earn little or nothing.
Google Ads
The first step to making money on YouTube is to join the YouTube Partner Program. The Partner Program gives content creators access to special tools, such as monetizing their videos through Google Adsense. To qualify, content creators must have at least 1,000 subscribers and 4,000 hours of watch time in the past 12 months, or 10 million public views of YouTube Shorts in the past 90 days.
I believe that many people watch YouTube videos and there will be ads when they open them. Through pre-roll ads, display ads and other forms of advertising before your videos, your videos can increase your income. Advertisers pay based on clicks and impressions. YouTube distributes 55% of the revenue to content creators, and 45% of the revenue belongs to youtube.
Youtube content creators must adhere to advertising guidelines. Ads will not be served on content that contains foul language, adult content, violence, and other themes. This can include discussions of sensitive news events.
Brand Sponsorship
Another lucrative form of advertising is brand sponsorship, also known as influencer marketing in the digital marketing world. Companies that need marketing will pay content creators to promote the company’s brand or products through videos. For example, early in her YouTube career, Michelle Phan caught the attention of cosmetics brand Lancome with her popular makeup tutorials.
Fan Funding
Another popular way to monetize your channel is through channel memberships, but this requires you to have a strong ability to attract your fans and followers, and the content you show is enough for them to follow you. Fans and followers make regular monthly payments in exchange for bonus content such as badges, emojis, special videos, live chats, and other content.
Partners can enable this monetization feature on their YouTube channel once they reach 1,000 subscribers. Third-party services like Patreon also help video creators monetize their fan base through monthly memberships. Top video creators can earn up to tens of thousands of dollars per month from fan support.
Merchandise Sales
YouTube partners can also sell up to 12 items to their audience by enabling this feature in their channel account. For example, Ryan Kaji has made millions of dollars by reviewing and playing with toys. Thanks to his huge success, Kaji launched a toy line, Ryan’s World, which covers everything from action figures to video games.
YouTube Best Practices
To increase their chances of attracting a large following, creators should follow established YouTube best practices. One of the most basic best practices is to create rich, engaging content. Viewers visit YouTube to be entertained as well as to find solutions to their problems. By creating great content, your videos are more likely to be viewed and shared.
The more interactions your channel videos get, the more valuable it is to YouTube and the better chance it has of ranking higher in search results.
Another way to increase viewership is for content creators to optimize their videos for YouTube searches. This involves using Google Keyword Planner to find terms that a lot of users search for and including those keywords in the description and tags of your YouTube video page. Promoting YouTube videos through the use of social media and paid media ads is another popular way to drive additional traffic to your videos. This step is critical, as your ability to make money depends on whether your content is engaging.
Revenue Generation Challenges
But even if we follow all of these best practices, YouTube video creators still face some tough challenges. In 2023, advertisers will charge a cost-per-thousand-impressions (CPM) ad rate that will range from $13.03 to $15.34. Since creators are only paid based on monetized views, not total views, their effective CPMs are likely to be much lower.
How Many Views Do You Need on YouTube to Make Money?
To make money on YouTube, you need to have 1,000 subscribers and 4,000 hours of watch time in the previous year, or 1,000 subscribers and 10 million views in the first 90 days. If you achieve either of these, you will be eligible to apply for YouTube’s Partner Program and monetize your content.
How Much Will YouTube Pay Me for 1,000 Views?
The amount YouTube pays you for 1,000 views will vary depending on the advertiser, but it ranges from $0.10 to $0.30 per view, with an average of $0.18.
How Can You Make $10,000 a Month on YouTube Without Making Videos?
There are many ways to make money on YouTube without making videos, the main ones being making audio such as meditation sounds, ASMR (Autonomous Sensory Meridian Response) trigger sounds without visuals, creating sound effects, streaming video games, making tutorials, and podcasts.
The Bottom Line
Despite these challenges, those who are able to attract a large and loyal following can earn a sizable income on YouTube. According to Forbes, the highest-paid YouTube video creator earns $85 million per year, so it’s easy to see why many people chase this seemingly bottomless well of income.
Summary: In today’s Internet era, traffic is always our first goal. Only if you have enough followers and followers, you can easily earn income at home.
If we want to earn income at home, you must be different from others. Any content can become your channel product. As long as you know how to use it and attract others to pay attention to you, you can succeed. Nothing can make you rich overnight. Persistence is indispensable to success. If you have any good suggestions, you can leave a message to share.
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