Making money on Youtube sounds almost too good to be true. But how to make money on Youtube? I did some searches and here is what I found.
How to make money on YouTube: The 5 main ways
There are five main ways to make money on YouTube that I will teach you in this article:
- Use platforms where fans make donations to support your channel
- Sell products or goods
- Use crowdfunding platforms (so-called “grassroots funding”) to fund your channel
- Become a YouTube Partner and monetize ads
- Work with brands as a partner or be sponsored
How to Make Money on YouTube WITHOUT Making Videos
Let’s go through each of the points so you can learn how making money on YouTube works:
1. Become a YouTube Partner and monetize ads
The easiest way to make money on Youtube is by showing ads before and during your videos. You have probably seen these ads yourself when you have checked Youtube and then know which ones I mean.
For those who have never watched Youtube, ads are shown before and sometimes during the movies played. To have ads on your videos, you need to become a Youtube partner.
You do this by activating revenue generation in the Creator studio menu on your account.
You also need to sign up for Google Adsense. Once you have done these steps so that you can have ads in connection with your videos, it is important that you adhere to the rules.
These rules are very much based on common sense, for example, it is not okay to use other people’s content without permission in your videos.
Should your videos not be eligible to make money, Youtube will notify you.
However, this advertising revenue is not that great, especially if you are not a big Youtuber.
2. Use platforms where fans make donations to support your Youtube channel
Patreon is a platform where you can support your favorite creators. It’s a great way for creators to get extra income. Those who support you pay monthly.
As a creator, you can also set special goals and when these occur, you do something special for those who support you. this gives an extra carrot to those who support you.
So make sure you have reasonable goals as well as something fun that you do when these are met. In order for those who support you to continue to support you, it is important that you provide extra value.
Maybe you release an extra video for them per month?
These platforms are good because they allow you to build a monthly salary where you know exactly how much to do.
All you have to do is create a page on Patreon, send your viewers there and offer attractive bonuses for those who support you to learn how to make money on YouTube.
3. Become a sponsor or work with other brands on Youtube
This is probably what you can make the most money on. Companies that want to be seen on your youtube often pay well. The more subscribers you have on youtube, the more you can charge for a collaboration.
Other things that also matter are how many views your clips get, the more viewers the more you can charge. If you have a lot of subscribers, you can earn tens of thousands of kronor just from a collaboration.
Related to this is affiliate marketing. Here you do not need a sponsor, but instead you only show a product or service that pays a commission if a viewer clicks or buys something. You can learn more about affiliate marketing here.
4. Use crowdfunding platforms to fund your Youtube channel
Crowdfunding platforms are websites like Kickstarter or Indiegogo where anyone can view a project they are trying to create, and people from all over the world will “buy in” to the project to support them.
The best thing about these sites is that you do not have to create your project until you get funding, so people pay you to do what you want! These are great sites to help you make money on YouTube.
By linking to your projects that you have published on these platforms on your YouTube channel, you can get people to go directly from your video to support your project.
You can upload videos of yourself working on your projects and more to get people interested in your channel.
What types of projects are suitable for crowdfunding?
Everything from wireless headphones, books and even video games.
5. Sell products or goods on Youtube
Selling your own products if you have a youtube channel is a very good source of income. You have free marketing on your channel and you get all the profit yourself.
When you make collaborations on your channel otherwise, you are not allowed to take part of the entire profit that the company makes, but only the part that they choose to pay you.
Now that you sell your own stuff, you can get all the profits yourself. What kind of thing can you sell then? You can sell most things as long as someone is willing to buy it.
The most common, however, is:
- Online courses
- Dietary supplements
- Board games
- Coaching package
As you grow the channel, you begin to see what your target audience actually wants combined with what you want to create yourself.
You can then create your own website where you will host your products and send your viewers there to buy them.
How to start a Youtube-channel
Visit my other article on how to start a Youtube channel here. But if you dont wanna do that then watch this Youtube video I found to help you on your way instead:
What is Youtube?
Youtube was started in the early 2000s by two guys who wanted a platform to share videos on, which was plentiful for pictures and music at this time.
After already a few years, Youtube was by far the largest platform for videos, and Google then got its eyes on the platform.
After Google acquired Youtube for large sums of money, Youtube grew at a furious pace when it had a lot of capital to invest in the platform.
Today, Youtube is considered the world’s second largest search engine, and is only beaten by the parent company Google itself.
So have others made money on Youtube?
Most people who have made money on Youtube have done so by using Google’s own ads, where it’s mainly about getting as many clicks as possible on your video. Usually a commercial appears before each video, for which it gets paid. when you run this method, you do not have to chase sales.
This means that those who create videos do not have to sit and talk a lot about other companies’ products, which also makes them look more genuine.
Those who do sponsored advertising must sit and talk a lot about other people’s products, which means that you risk losing the trust of your followers.
They may think that you are just mostly looking to sell them shit, so it’s really important to have a fingertip feeling here.
Is it almost guaranteed to make money on Youtube?
It is almost guaranteed that you will make money on Youtube, if you just get past the first barrier Youtube has.
This barrier is that you must have at least 100 real subscribers, and a total of over 5000 hours of views on your Youtube channel before you can have advertising on your videos.
Once you have passed this barrier, you will be able to have advertising on all your videos, and you will make money on Youtube.
the fact is that the first 100 subscribers is the hardest for you to get, and it usually takes longer to scrape them together, than from 1000 subscribers to 100,000 subscribers.
How to earn money on Youtube
You can actually make money on Youtube in a slightly different way, which not many people do. I saw that Youtube videos ranked well on Google’s search engine, so you can create videos that ranked on Google instead.
This can allow you to start advertising products that were quite difficult otherwise to rank for on Google, and thus get a lot of people into your regular websites.
Is it possible to get rich on Youtube?
Oh yes, there are many who have become rich on Youtube. Unlike many other money making methods, it is not necessarily more difficult today.
In many other money making methods, so many have already ventured into it, so it’s hard to catch up on them yourself.
But in the case of YouTube, more and more people are using the service, which is good for you. So it is absolutely no problem to make a fortune on Youtube if you just have a lot of patience.
Youtube is by far the world’s largest video platform, which also makes it a perfect place to make money. But (and I know I say this a lot) it wont be easy. As with anything that involves money, it dont come easy.
It takes a certain character to be able to do this and I think you have to kinda treat it as a job, especially in the beginning.
Can you make money watching Youtube videos?
In the video he does a full honest review if it is possible to make money by just watching Youtube videos. I dont know if this is true myself, I have never tried it out but check the vid to see for yourself, enjoy!