Money!! Who doesn’t want to earn money? But you must wonder how hard it is to make money on YouTube.

Generally, how do we earn money, a job, or a business?

But nowadays, everyone is entering the internet world for entertainment, surfing, shopping, research, blogging, marketing, and earning from the internet.

Yes, you heard me right, EARNING.

You guys must be aware of YouTube. Do you know How To Make Money on YouTube? Wondering How?

By monetizing your YouTube Channel. YouTube is a passive income these days for creators.

Don’t worry; here, you will learn effective ways to earn money on YouTube. Below are the best ways to make money on YouTube.

1. YouTube Partnership Program (YouTube AdSense).
2. Channel Membership.
3. Merchandising.
4. YouTube Super Chat.
5. Crowdfunding.
6. Sponsored Videos.
7. Affiliate Marketing.
8. YouTube Premium.

1. YouTube Partnership Program (YouTube AdSense).

What is YouTube AdSense?

This helps you to monetize your channel. It shows the contextual ads on your video, and you earn money whenever any viewer clicks on your video ads.  

This sounds like the easiest way, but it is not that easy. But don’t worry, I am with you on this journey; stay connected.

YouTube wants you to put in pretty good efforts before you are eligible for the YouTube  Partnership Program.

You won’t be able to monetize your videos until you are eligible for the YouTube partner program.

Eligibility Criteria for the YouTube Partnership Program

• YouTube Partnership Program should be available in your country
• Your Channel should have had 4,000 watch hours in the previous year.
• Your Channel should have more than 1,000 subscribers.
• Your Channel’s content should meet YouTube Partner Program policies.
• You should have linked an approved AdSense account.

How do I register for the YouTube Partnership Program?

So, here we are, assuming you are eligible for the YouTube Partnership Program; below is what you need to do.

1. In the right top corner, select your account icon > Creator Studio.

2. In the left menu, select Setting>Channel > Status and features.

3. Under “Monetization,” click Enable.

4. Follow the on-screen steps to accept the YouTube Partner Program Terms.

Click on the link to learn how to create AdSense Account, as you get eligible for the YouTube Partnership program you need to have an approved AdSense account.

Now you need to wait for YouTube to approve. Once your account is approved, you can monetize all your uploaded videos and your future videos.

2. Channel Membership

When your YouTube channel gets more than 30,000 subscribers, you can leverage channel memberships.

Here fans pay $4.99 a month for a membership package that includes perks like early access to videos, live chat, exclusive emojis, etc. Members will be highlighted in comments live chat.

Channel Membership lets eligible YouTube creators earn a monthly subscription fee from their fans. In exchange, fans get exclusive content, perks, and badges from their favorite content creators.

So, how this works: It’s tough for Audiences to get a YouTube creator’s attention, so it makes sense to offer channel memberships; you’ve got another answer for how to make money from YouTube.

Always use your video to remind your audience to “Join” Channel membership to get benefits of the same.

You can also even unjoin the membership later if required.

Eligibility Criteria for Channel Membership:

• Your channel needs to have more than 30,000 subscribers
• Your channel is in the YouTube Partner Program
• You have agreed to and are complying with their terms and policies
• Your age is 18+ years old
• You must have zero active strikes (Copyright strike, community guidelines strike. You are only allowed 3 strikes before termination of the YouTube Channel)
• You must be in the available location where this program is available

3. Merchandising

Now, on YouTube, Ads are not the only way to earn money; YouTube has introduced another way out for content creators to earn money, called Merchandising.

What is Merchandising? This is a virtual shop where content creators can directly sell their products within a channel.

Merchandising is basically another way to promote your brand via selling product, you can put brand log on the products and your audience can purchase your product.

YouTube is having a partnership with TeeSpring, this is a website that provides more than 20 products in a customized way as per requirement.

As we saw above, YouTube has eligibility criteria for its programs. Similarly, not all content creators can do merchandising; they need to be eligible for doing so.

Eligibility parameters for merchandising:

• You should have a minimum of 10,000 subscribers
• You should be part of the YouTube Partner Program.

How does YouTube Merchandise work?

TeeSpring has different prices for different products. Content creators need to purchase from TeeSpring at their fixed price, but content creators can decide the selling price per the profit they want to keep.

As per YouTube agreement with TeeSpring, social media platforms also receive some commission for these sales, which they pass on to content creators most of the time. This keeps content creators excited for Merch and keeps this process live.

What products can you sell here?

You can sell anything you feel is beneficial and will make your audience happy.

You can choose product which is linked with your channel vlog also.

As your audience liked your channel because of you content , so they would like the product range if its related to your niche. They can relate to it.

Below are some options of products which you can sell.

• T-shirts
• Hoodies
• Jumpers
• Stickers
• Notebooks
• Smartphone covers
• Stickers
• Jewelry
• Mugs
• Caps

You need to be creative here, already, as you create excellent content on your YouTube channel every week, so there is no doubt that you are creative enough. It would help if you used the same creativity while merchandising to surprise your audience and make them happy.

Points to remember while selling on YouTube

1. Analyze your followers interest

Do you need to check what your audience likes? We often see fans ask for T-shirts or cups or anything of their content creators. Did they ask you something in particular?

While deciding also you can involve them in your decision. Have a contest or polling to decide the product, design, etc., to make them feel connected with the merch process.

2. Analyze your competitors

See what others are selling? Just think about what different products you can add to the market for your audience, which makes you different from your competitors. It would help if you thought differently so that your audience feels happy by your effort.

3. Creativity

As already said, you need to be creative enough to surprise your audience. E.g., If you are a beauty blogger, you can sell customized beauty products.

If you are a fashion blogger, you can sell customized T-shirts, clothes with your brand logo on it, that helps to give your brand good marketing also.

4. Qualitative Merchandise

Suppose you have purchased a product from a shop but after sale you got to know the quality of product is not good!

What will happen next?

You might not go to that shop again as quality is not satisfactory.

You will not recommend the place to anyone known or might give bad review, which will lead to de-marketing.

Quality creates a significant impact on your impression of the audience. Nobody would like to pay for something not good-looking as per design or a product that breaks easily.

So Quality of a product you are selling on YouTube is a prime factor which should not be avoided.

4. YouTube Super Chat

YouTube has launched one of the features in 2017 which helps content creators for monetization is YouTube Super Chat.

Content creation can use YouTube super chat to monetize when they go live on the channel. This is the simplest way.

When the audience goes to a live stream, they see a dollar sign; by clicking on that symbol, the screen will go to payment mode, where the audience can decide the amount they want to pay.

The higher the amount the person gets, the benefit to comment with an increase no. of characters, and their comment will get pinned on the screen for a more extended period.

That comment will be visible to all the audience watching that live stream.

So, if a person wants his comments to get pinned and watched by all the people watching that live stream, they can use the benefit of YouTube Super Chat.

Such comments get pinned, but they will also be shown in different colors and the amount will be visible to the audience and the content creator.

Super Chat payments can be of any amount from $1 to $500 by “Super Fans.”

What is the eligibility criteria for YouTube Super Chat

• Your channel must be monetized
• Your channel must have over 1,000 subscribers
• Your age must be 18+
• You are located in one of the available locations

5. Crowdfunding

Apart from earning from Ads and selling products, there is another way by which you can earn money on YouTube, and that is Crowdfunding.

This is also one of the most popular ways to earn money. This gives what exactly your audience needs, i.e., good content and engagement.

What is the term crowdfunding means as its name is already self-explanatory? This is the amount you will receive from a group of people to get the product.

Wondering, How it works?  This is the simplest way a fan can show how they support their creator. They make a payment for their creator, and in return, they get some perks and benefits.

Some Benefits like:

• Early access to videos: A person can see the content before the general audience
• Behind the scenes access: Content Creator can either upload the full behind-the-scenes video or share the picture of behind-the-scenes for their super fan.
• Shout-outs: In this, the Content creator recognizes their fans or backers. This is the super-easy way and requires very little additional work.
• Exclusive content: This content can be anything, a specific content, video series, or a podcast, which will be only accessible by super fans/backers
• Merch: Some content creators offer merch to their fans.

Some Perks Like Custom Badges, Custom Emoji, Exclusive live streams, Exclusive community tab content.

6. Sponsored Videos

A sponsored video is where a content creator makes a video to promote a company’s product and in return, that company pays money to the creator. Most of the creators promote in their style and channel niche, which their audience will like. 

The question is how the company reaches you to get their product promoted by you; they first see your niche and your audience interest.

So, it would help if you got to stick to your niche, e.g., suppose you are making a video on food recipe and the following video you are putting of traveling and the next video you are putting on gadget review, so this will make the company gets confused to decide what is your exact niche. Also, this will make your subscribers confused, and they may scatter later.

Top sponsorship marketplaces that help you get sponsored videos

1. FameBit

• Brands: Canon, Sony, Adidas, etc
• Minimum subscriber count: 5000
• Famebit helps you to find the right brands for your YouTube channel niche. For example, if your YouTube channel is about gadget reviews, the Famebit filter option lets you find brands in the “tech” niche. You can also collaborate with other YouTubers here.
• There are no sign-up charges.
• There is a 10% commission deduction while making payment to the creator.

2. Grapevine

• This has been called an alternative to Famebit because it works the same way.
• No charges for account creation
• You will get a personalized list of products suitable for you based on your channel niche.
• 10,000 subscribers required to use Grapevine

3. ChannelPages

• This works as a bridge between brands and content creators. This is one of the top 3 websites that help in sponsored videos.
• This works the same way as Famebit and Grapevine, but in place of creators contacting Brands directly, it’s the other way around.
• No charges for account creations
• No limitations on subscribers

7. Affiliate Marketing

What is Affiliate Marketing?

Let us explain this in simple word. Suppose you are having a YouTube channel, You are using mic, ring light and DSLR camera or any camera to record you video.

All the above products you have purchased from Amazon.

Now, while uploading your video, you have mentioned amazon affiliate links of these products in your video description.

Your clicked on the link and purchased that product from Amazon. Now, as because of you the product got sold, Amazon will give you some commission on that sale.

The benefit of Affiliate links is that details gets saved in browser cookies of viewer.

How that’s a benefit?

No matter your viewer is purchasing same product which you have showcased on description or any other product from same website.

You will get commission of products viewer has purchased.

There are many brands in market who reach out to successful influencers and YouTubers to promote their products and give them affiliate link for promotion and earning.

You can do a review video of amazon’s products or you can promote their product by showcasing their products in your videos by doing so you are doing an affiliate of the brand.

To expand your affiliate network, you can join popular affiliate programs available in the market, for e.g.

• Reseller Club
• Flipkart Affiliate
• Amazon Associates
• vCommission
• BigRock Affiliate

Check more Affiliate networks.

This is a great way to earn money, but you need to be very careful as your viewers are trusting you and based on your review, they might purchase the product.

They are very well aware of it that it’s an advertisement and on their purchase, you will get the commission.

8. YouTube Premium

Now, YouTube premium is another way to earn money apart from channel advertisement. Here, Subscriber gets the benefit of watching YouTube videos Ad-Free, they can enjoy original content, and also, they can play the YouTube app in the background offline.

If you are a blogger and have a website, once your blog is ready, you can also add a video version of your blog to earn money on YouTube. In this way, viewers who are not using Google as their prime search engine will also get to know about your website. That will help you to get more traffic on your website as well.

For subscription plans please refer to the below screenshots:

Quick Tips and Tricks

• Keep your Thumbnail attractive enough to hold audience attention.
• Keep posting as many videos as possible you can to get watch time threshold soon.
• Keep your content dedicated to niche like digital marketing, SEO, photography, fashion etc. This will help your audience to understand your channel and they will subscribe to view more content from your channel.
• You need to be consistent to grow your channel.
• Don’t consider video title as a weak link, it plays an important role, by title and thumbnail only audience decides if they want to click on the video and watch it or not. So, choose your video title wisely.
• Give importance to visibility and audibility of your content, it should be the top priority as based on that audience can gain or lose interest in your channel.

How to beat Competition to Make Money from YouTube

• When you are searching for how to make money on YouTube, don’t forget that you are not the only one competing for traffic and revenue. There are full-time YouTubers also who are working hard to maintain their traffic and using different strategies to increase the traffic.
• The quality of your video should be outstanding, as they play a significant role in getting your audience’s attention. If the audio and video quality is not good enough, the viewer will quickly switch to another channel or video.
• Take the benefit of YouTube SEO to beat the competition. This helps to generate organic traffic.
• Remember, YouTube is a visual-oriented platform, so your video’s title and Thumbnail must be eye-catching; it is capable enough to hold viewers and insist them watch the video, which will help increase the views.

Conclusion

YouTube is a platform where you can upload videos on any category from traveling, food recipes, vlogging, gadget review, etc.

Go for it create wonderful content and use all the effective ways mentioned in this blog to earn money on YouTube.

So, what are you waiting for? Let us know if it worked for you, and let us know is it easy to make money on youtube?

Please feel free to ask if you have any queries; we will be happy to answer all your queries.

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Frequently Asked Questions (FAQ)  on How To Make Money On YouTube