YouTube could be the lucrative source of income. Nowadays it is a profession to many people, sometimes it could take a long time to generate revenue. Let us know how to earn money on YouTube.
YouTube is a great platform now, more than 2.1 billion people are watching videos every month and engaging a huge audience. People are creating blogs, doing affiliate marketing and increasing traffic to earn.
The very positive side of the YouTube platform is anytime anything could be viral and in shooter time your channel could be famous that is not possible on other platforms. People are now investing full time to create YouTube videos. But nothing is easy to establish, you must follow a consistent strategy with excellent creation.
Seven key points you need to focus on to earn money on YouTube.
- Create value added unique content
- Be consistent to upload videos on a regular basis.
- Grow and engage your target audience.
- Open account on YouTube partner program.
- Follow the revenue generated strategies.
- Watch other trending videos.
- Wait till enough audience growth.
Create Quality Content
The best way to earn money on YouTube is only possible by increasing views of your channel. Create quality content to attract people and engage the audience by adding values with the content.
Know about your expertise in which area you are comfortable to work and select a niche that could help people. Focus on your creation to make it unique and detailed to offer the complete information to the people.
Consistent to Upload Videos on Your Channel
Consistency is the best key to success. To grow your channel, you need to upload the videos on a regular basis. Initially, forget whether people are watching your videos or not, just put on your videos in a certain period gap. There is no specific duration, but you should maintain how often you could create and upload.
Keep in mind that your videos must be clean, visible and audible. Information must be valid based on your niche
Grow and Engage Your Target Audience
Money can only be earned by growing your YouTube channel. If you maintain your consistency, the channel must grow gradually. Try to establish your brand, once people will remember your channel and be engaged.
Grow your channel by using social media platforms like facebook, tweeter, linkedin, instagram. Create accounts on various platforms, increase followers and redirect people from there to your channel to view the videos
Open Account on YouTube Partner Program
The best part is to monetize your channel you need to join a YouTube partner program. You need a minimum 1000 subscribers and 4000 watch hours to qualify the monetization. There is no specification how much revenue will be shared per ad show, it depends on automation.
Once approved, you will make money by showing ads in your videos. You can also earn money by selling other affiliate products. For this you need to join affiliate programs.
Learn About Revenue Generated Strategies
There are lots of ways to earn money on YouTube. If your channel grows with enough audience, you could apply your desire strategies to monetize.
Direct Earning
You could earn 55% of advertisers paid amount. If the average CPM of the advertiser is $7.60 then you could receive an average 55%x$7.60 equal to $4.18 per 1000 views.
Affiliate Marketing
You can earn money by affiliate program. There are lots of affiliate products of e-commerce companies like Amazon, ClickBank etc. Join the affiliate program and get the link. If your audience purchases any product through your link, you will get a share of the revenue.
Sponsorship
When your channel grows in audience, other brands may be interested to advertise their brands through featuring their products as an influencer by paying money. You could use the YouTube sponsor program to reach out to the brands.
Raise money by Crowdfunding
Most of the YouTubers earn money with ads and products, others go for crowdfunding. Crowdfunding is a way of raising money from a large number of viewers on your platforms. Crowdfunding is most often used for a specific purpose and a way of accessing alternative funds.
You can also raise money by using crowdfunding sites, like Kickstarter, Indiegogo, Patreon etc. by promoting them on your YouTube channel.
Creating Courses and Teaching
YouTubers can make revenue by creating various courses. Create the valuable course content, aware your viewers and sell the product.