Are you a new YouTuber?
Done with SEO work?
Now looking for ways to mint money out of your hard work but doesn’t know how to achieve it?
Well, here are the ways through which you can monetize your YouTube videos.
YouTube’s monetization policies have always been a hot topic among YouTubers. And why would it not be? We all know that YouTube keeps changing its policies from time to time. This article will help you seek out the best possible aspects of monetization on YouTube. First and foremost, you need to start putting in unique quality content and remain honest while doing so. However, the whole process takes time but hard work pays off.
YouTube Analytics is your first resort to know about your audience and their preferences. You need to choose which segment of customers you can work for the most. YouTube Demographics allow you to recognize your true fans and help build your viewer base. Every YouTube channel needs loyal subscribers who will not drift away with the wave of competitors out there. Suppose your channel features Tales and poems for school-going kids, your target audience is surely going to be kids of age up to 7 years. Apart from this, there are other YouTube stats such as traffic sources and watch time. The detailed reports about your channel carry the potential of growing fast.
YouTube Partner Program
Go to your YouTube account, enable the monetization and wait for the verification process. It may take up to 30 days for YouTube to check for eligibility and duplication. Meanwhile, you need to post regularly instead of waiting for the application review process. The YouTube partnership program makes sure to bring out the best of your content. But wait, it is not that easy as it seems. You need to fulfill certain requirements to make YouTube consider your channel apt for earning. Those requirements are –
- 1000 subscribers
- Creating an AdSense account (you can also use the existing AdSense account)
- 4000 watch time hours
- You follow YouTube’s policies and guidelines (Click here to read YouTube channel monetization policies)
Wish for the early verification process as the whole work is done manually by the YouTube platform. In case your application is rejected, you have to wait for the next thirty days considering you applied again after making the necessary changes. Unfortunately, YouTube doesn’t let you know the specific reason for the rejection – doesn’t mean you can’t use your common sense to make necessary modifications. Everyone wants to win the race, the difference lies in the track you chose for running. Let me explain some of the terms mentioned above for better understandability.
The AdSense account lets you add display ads into your videos from its network of ads. You will be paid monthly for each video based on the traffic on your channel videos. Make sure your viewers are genuine instead of paid ones and nothing will stop you from hitting more than 10000 views as a beginner. However, the initial days of your YouTube journey demand reputation building than income. You can also choose which type of ads you want at the beginning of your videos. The crux of success lies in the way you offer value to your target audience. Some of the things to focus on are:
Posting frequently keeping in mind the quality.
Interacting with the audience to let them feel heard.
Growing your channel on other social media platforms to let people know of your existence. (Without spamming every possible comment sections though)
Doing proper SEO work.
Avoid misleading thumbnails.
Avoid controversial contents which can get reported by mass. YouTube will flag your video for any kind of inappropriate activity, affecting your chances of getting approved for monetization.
The key to success is to focus and keep on improving your content. End of the day, the more you reach – the more you will grow and earn.
Wandering ahead, the most concerning factor to keep growing is compliance with YouTube’s policies. If your videos are spotted for not following rules such as age restriction, copyright guidelines – YouTube will surely turn down your videos for ads. They may also act by permanently disabling all your accounts. Thanks to the Creator Support Team, they let you know the actions which can lead to the demonetization of your videos.
YouTube makes sure all the hard work and effort gets paid without exploiting other creator’s rights. However, it is crucial to highlight the fact that these policies are often debated as an excuse to demonetize every second video. At the end of the day, monetization policies might not favor you all the time.
Lastly, YouTube harnesses the power to earn from selling your video rights too. This often happens with viral videos. You can easily earn that extra over others by letting other YouTubers or brands using your viral video on their page to attract the audience and pay you for it.
Other Monetization options
YouTubers get themselves registered for affiliate programs and sell third-party products through their videos. Though the income with this is not very high, still many YouTubers prefer it along with YouTube’s partnership program. You need to sign up with a specific brand. That respective brand will offer you with unique discount code which you can promote in your video to let your viewers earn a discount while purchasing the product of that specific brand.
When someone clicks on the affiliate link provided by you, they will be taken to the merchant’s site. If the customer ends up purchasing the product, cookies are used by a company to see who the affiliate was.
Your possibilities of earning are not merely limited to affiliate programs. If income through YouTube partnership programs and affiliate programs is not up to scratch, you can get your income doubled by sponsoring any brand of your choice. The new brands are nowadays looking for exposure to a larger audience. YouTube’s BrandConnect allows you to meet your potential sponsors. If the number of views and quality of content is up to par, the company will pay you a decent amount.
Super Chat and Super Stickers
Here comes the role of your honest viewers and real fans. If you don’t do much of live streaming or don’t do it at all, chances are you are unaware of the power of it. The Super Chat featured by YouTube allows your viewers to directly contribute and at the same time get their message highlighted during a live chat. Super Stickers works the same way. Hence serving the two causes at the same time. Apart from sponsorships and Affiliate Marketing, Super Chat is the thing that gets talked about most of the time.
After you have built a vast fan base and your content speaks people will love to buy your merchandise. You can include ticket coupons, t-shirts, watches, bags, and many other things. You can seek your viewer’s choice too in this regard. Most of the YouTubers prefer to go for t-shirts and bags. To make sure you keep growing further – you can also choose a merchandising partner. You can keep your fans engaged with the giveaways and shoutouts. Make sure you include your detailed merchandise link in the description of your videos. Once your channel reaches 10,000 subscribers, you can hover to the merchandise tab on the left-hand menu of your account to avail this facility.
Crowdfunding has now become the most common source of revenue. Out of 5, 4 YouTubers are using it. It not only pays for your efforts but also encourages you to take a step ahead to sustain your viewer’s loyalty. With its crowdfund feature, YouTube offers a sponsor button on your videos. Your audience can click on it to fund your channel showing their love and support. The most famous crowdfunding website is Patreon which is designed to serve not only creators but let you reward your supporters too. What makes Patreon stand out from the other crowdfunding sites is providing an opportunity to get funded on monthly basis instead of one-off funding.