Join the YouTube Partner Program
To start making money on YouTube, the first step is to join the YouTube Partner Program (YPP). This program is the basic requirement for earning money from your YouTube videos. You need to have at least 1000 subscribers and 4000 watch hours in the past 12 months, or 1000 subscribers with 10 million valid public shorts views within the past 90 days. You also need to follow YouTube’s monetization policies and live in a country or region where the YPP is available. Once you meet these criteria, you can apply for the YPP and link your YouTube channel to your Google AdSense account.
Monetization Policies
By linking your channel to Google AdSense, you can display ads on your videos and earn a share of the revenue. However, ads are not the only way to make money on YouTube. There are various other revenue streams that you can explore based on your channel size, niche, and audience.
Affiliate Marketing
Affiliate marketing is a popular and effective way to make money on YouTube in 2024. This involves promoting a product or service from a third-party company and earning a commission for every sale or action generated through your link. You can find affiliate programs for almost any niche, from beauty to gaming to education. To do affiliate marketing on YouTube, you need to create engaging and honest content that showcases the benefits and features of the product or service you’re promoting.
Sponsorships and Brand Deals
Another way to make money on YouTube is through sponsorships and brand deals. Brands are always looking to collaborate with content creators to reach their target audience. By partnering with relevant brands that align with your content, you can secure sponsorships and brand deals that pay you for promoting their products or services in your videos.
Merchandise and Products
If you have a dedicated fan base, you can create and sell merchandise or products related to your channel. This can include items like t-shirts, mugs, stickers, or digital products such as e-books or online courses. By leveraging your brand and connecting with your audience, you can generate additional revenue through merchandising and product sales.
Membership and Subscription Services
YouTube offers a feature called channel memberships that allows viewers to become paying members of your channel in exchange for exclusive perks and content. You can also explore subscription services like Patreon or OnlyFans to offer additional content and benefits to your most dedicated fans. By providing unique and valuable content to your subscribers, you can generate recurring income through membership and subscription services.
Promoting Products
If you want to make money on YouTube, one popular method is through promoting products. You can do this by joining affiliate programs and including affiliate links in your video descriptions. It is important to disclose that you are using an affiliate link, and make sure to follow YouTube’s guidelines for paid promotions.
Channel Memberships
Another way to generate income on YouTube is by offering channel memberships. This involves providing exclusive perks and benefits to your loyal fans who pay a monthly fee to join your channel. You can set up different tiers of membership and offer rewards such as badges, emojis, shoutouts, live chats, behind-the-scenes videos, polls, and more to incentivize viewers to join.
Content Licensing
Content licensing is another avenue for making money on YouTube. This involves selling the rights to use your videos to other media outlets such as TV networks, online platforms, or production companies. You can earn a one-time fee or a recurring royalty for your content, depending on the terms of the deal. To license your content, you need to have high-quality and original videos with broad appeal, protect your content from unauthorized use, and negotiate the best price and conditions for your license.
YouTube Shorts Fund
The YouTube Shorts Fund is a new initiative that rewards creators who make engaging and viral short-form videos using the YouTube Shorts feature. YouTube shorts are vertical videos that are up to 60 seconds long and can be viewed on the shorts shelf or the shorts tab on YouTube. Creators can earn money based on the performance and engagement of their short videos, providing an additional opportunity for monetization.
YouTube Shorts Fund
YouTube will distribute 100 million to thousands of eligible creators each month from 2023 to 2024, based on the performance and popularity of their shorts to qualify for the YouTube shorts fund. To be eligible, you need to create original and compliant shorts that have at least 100 views in the last 28 days.
YouTube Premium Revenue
To earn from YouTube premium, you need to be in the YouTube Partner Program (YPP) or meet the eligibility criteria to join. YouTube premium is a paid subscription service that offers ad-free and offline viewing, background play, and access to YouTube Music and YouTube Originals. YouTube pays you a portion of the subscription fee based on how much watch time your videos get from YouTube premium members.
Sell Online Courses
Another way to make money on YouTube is by selling online courses. You can create and sell your own courses that teach valuable skills or knowledge to your audience. Use your YouTube channel to showcase your expertise, build trust, and attract potential customers for your courses. You can also use your YouTube videos as part of your course content or as a bonus for your students.
Sell Merchandise
You can monetize your YouTube channel by selling merchandise. Create branded items, such as t-shirts, mugs, or accessories, that appeal to your audience. Promote your merchandise in your videos and on your channel, and make it easy for your viewers to purchase by providing links in the video descriptions or on your channel page.
Selling Products
This is when you create and sell your own physical or digital products that are related to your channel brand or Niche. You can sell anything from t-shirts, mugs, stickers and posters to ebooks, music software and games. You can use your YouTube channel to Showcase your products, generate interest and drive sales. You can also use YouTube’s merch shelf feature to display your products below your videos and link them to your online store to sell merchandise. You need to have a loyal and engaged fan base, a unique and attractive design and a quality and affordable supplier.
Other Monetization Methods
There are many other ways to monetize your YouTube channel, such as Super Chat and super stickers, crowdfunding sponsorships and more. The key is to find the revenue streams that work best for your channel Niche and audience and diversify your income sources as much as possible.
Time and Effort
Remember, making money on YouTube takes time, effort and creativity, but it can be very rewarding and fulfilling if you do it right. It’s important to stay consistent with your content and engage with your audience to keep them coming back for more.
I hope you enjoyed this video and learned something new. If you did, please give it a thumbs up and subscribe to my channel for more videos like this. Also, let me know in the comments below what are your favorite ways to make money on YouTube and what are your goals for 2024? Thank you.