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YouTube is the second-largest search engine and one of the most popular social media platforms in the world. And the good news is that there are plenty of ways to monetize your content and make money on YouTube in 2023. In this blog post, we’ll share with you the 7 best ways to make money on YouTube, from running ads on your videos to selling merchandise and even creating your digital products. Whether you’re a seasoned creator or just starting, we’ve got you covered with actionable tips and strategies to help you boost your income and achieve your financial goals through YouTube. So, without further ado, let’s dive in and discover the most effective ways to make money on YouTube in 2023.
For example, in Ryan’s Toy Review, young Ryan makes a whopping $22 million playing and taking apart toys. It’s good to play with gadgets.
It is no longer just a few platinum musicians or influencers who can make money on YouTube. There are many opportunities for ordinary people to make money on YouTube.
However, you need to take a more strategic approach.
In this article, I will talk about the different ways you can start making money on YouTube this year.
Let’s start.
Disclaimer: I receive an affiliate fee for some of the links below at no cost to you. However, these are the best tools that I have used and tried and I believe that they are the most effective for making money on YouTube. You can read our full disclosure of information about our partners in our privacy policy.
How to make money on YouTube
While it is possible to earn significant income as a content creator on YouTube, it is also not the easiest way. Every minute, 500 hours of video are uploaded to YouTube around the world.
The numbers don’t lie. So the competition is quite high and it is getting more and more difficult to make a lot of money online. Here are some effective strategies you can use to increase your YouTube earning potential.
1. Monetize YouTube – use affiliate links on YouTube.
Affiliate link promotion can be a great opportunity to monetize channels that offer detailed guides and interesting product reviews.
For example, if you recommend a product and a user clicks on your link to buy, you will start earning commissions. You can put these links in the first lines of your description and talk about your link in your video content.
Posting affiliate links on YouTube has a typical resemblance to promoting affiliate links on your blog. As such, you should not place affiliate links on all of your YouTube content just for monetary gain.
Remember that viewers will only click on these links if they believe you are a trusted source.
To gain the trust of your audience and get more subscribers, you can help them solve specific problems and provide tutorials. As a bonus, you can create videos suggesting solutions you previously implemented yourself.
There are many affiliate programs you can join
The best step to maximize your income is to create a blog along with your YouTube channel and add affiliate links there. This way you earn YouTube and also have your website.
The first step in starting a blog is to get started with Bluehost web hosting.
Bluehost is the “official” web hosting platform recommended by WordPress.org and you can read my full Bluehost review here.
Start with the following:
- Go to Bluehost.com and click Get Started.
- Choose a hosting plan ($2.95 per month
- Enter a new website domain name or select an existing one
- Enter your account information, billing plan, and billing information.
- You can download SiteLock security plugins and disable CodeGuard Basic
- Click Submit and you’re done.
2. Become a YouTube partner and earn from ads.
For many YouTubers, advertising is the most important source of income.
As a YouTube partner, you earn money in several ways. You can monetize ads before your Google AdSense videos, channel memberships, or banner ads.
However, there are some basic rules that you must follow before becoming a YouTube Certified Partner, as well as some requirements to get started.
In addition to complying with YouTube’s advertising guidelines, you must have at least 4,000 video hours on your channel and 1,000 subscribers in the last 12 months.
There is no set schedule or format for obtaining these 4000 core hours. You can get 100 hours for 40 videos or any combination of them, for a total of 4000.
For example, the popular international hit Gangnam Style reached 1 billion views in five months. Despacito, however, was less patient and hurried to a billion visits in just 97 days.
After successfully reaching the 4,000 hours threshold and earning a spot as a YouTube partner, you can start monetizing your ads.
In Video Manager, a green “$” icon next to your videos means you can now monetize YouTube.
With YouTube Premium removing ads for viewers for a monthly fee, YouTube continues to help creators pay as a percentage of total watch time.
However, you can’t always base your YouTube income on ads alone. There are other ways to boost your YouTube earning potential.
3. Earn on YouTube with the money of your fans
Once you have a loyal following, encourage them to raise money for your channel to fund your new videos and make a profit.
A platform like Patreon allows your content to load more smoothly. For just $1, your fans can subscribe to their favorite channels and even take home exclusive rewards from their favorite content creators.
Tipee is another service that allows you to enjoy both recurring and one-time donations.
Both commercial and non-commercial channels use this fan funding with their audiences to keep their video operations running smoothly. If your content is interesting, entertaining, or valuable, you will be amazed at how your viewers open the floodgates of generosity.
4. Master your YouTube SEO.
Creators who don’t yet have a large following need to up their game this year and maximize YouTube’s SEO.
To do this, conduct your keyword research as usual; however, think a little differently based on what people are looking for on YouTube. Then be sure to use valuable keywords in your video’s title, description, and tags.
Once launched, you can check YouTube’s “Traffic Source: YouTube Search” report to understand what people are looking for when they find your hosted videos.
Generally, Google provides video results for keywords, reviews, tutorials, and funny video terms.
YouTube also needs to consider five key SEO ranking factors:
- Number of reactions
- You subscribe after watching the video
- Thumbs up vs. thumbs down ratio
- video length
- CTR in YouTube search results
5. Get the most out of your YouTube marketing funnel.
Optimize your YouTube channel for sales.
YouTube is a way to get your message across, but you can make more money using YouTube along with your blog. This way you collect more email addresses and end up selling products to your fans.
For example, if you’re writing a blog post about an affiliate product you recommend, reuse that content and create a YouTube video embedded in the post.
Then send YouTube users to your blog and affiliate links to earn commissions and build blog readers.
Another great option is to connect your YouTube channel to an e-commerce platform like Shopify and sell products. Here are some great YouTube merchandise stores to get some inspiration from.
6. Become an Amazon influencer.
Amazon’s influencer program is growing in popularity. This influencer program allows you to maximize your presence on YouTube (social media in general) to earn money through Amazon recommendations.
After participating in the program, you can rate and recommend products, and direct your viewers to Amazon to shop through affiliate links. When your viewers click and purchase on Amazon, you get your share of the commission, typically 8-10%.
However, this program is not available to everyone. The number of followers on social networks and other indicators determines the likelihood of approval.
7. Learn about extra income from YouTube Red subscribers.
YouTube Red allows users to pay $9.99 to watch YouTube without ads. Even without ads, content creators can earn money and earn 55% of revenue based on watch time. There are mixed reviews about whether YouTube Red raises or lowers CPM rates.
With YouTube Red, your watch time matters, so check YouTube Analytics to see your stats like watch time and video engagement.
How much money can you make from YouTube?
Short answer: it depends on him.
By monetizing ads, affiliate links, and selling sponsored placements for your videos, you can maximize your earning potential.
On YouTube, you can monetize ads based on CPM, CPV, and CPC. At cost-per-impression (CPM), the typical YouTuber earns $7.60 for every 1,000 views.
However, under Google’s policy, creators receive 55% of total ad revenue while Google retains 45%.
Now, as a channel owner, if you use affiliate marketing, advertisers will pay in different ways, usually cost per sale or cost per lead. Here, your income directly depends on the number of sales conversions and commissions that you receive from advertisers.
You can also sell sponsored products in your videos. This is where YouTubers make money by selling short mentions or more general product recommendations for brands aiming for fame.
However, if you have been able to collect a measurable number of subscribers on your channel, brands will pay you. This price can range from $20 to $50 for every few thousand visits to your channel.
So, for example, if your video on your channel gets millions of views, you can dance to the beat of a can between $20,000 and $50,000. This strategy is the best way to make money if you are not generating millions of views.
How much money do YouTubers make?
For thousands of YouTubers, this answer may be nothing or almost nothing. For popular YouTubers, this can be a million dollars or more per year.
Making money is getting harder and harder as ad revenue can range from $0.35 to $5 per view, with a safe assumption of $1 per 1,000 visits.
The profitability of your channel depends on both your views and your niche.
YouTubers in popular niches such as listings, news, celebrity gossip, makeup and beauty, and popular glitches quickly monetize millions of views.
There are also YouTube earnings calculators to help you figure out how much you can earn based on video views and engagement.
Once you reach a balance of $100, YouTube will pay you.
And is it possible to make money on YouTube by paying for each subscriber? YouTubers just launched a subscription service for YouTubers with a large number of subscribers.
Conclusion.
It is possible to make money on YouTube, but only on YouTube is difficult. It is very important to have your own platform as a blog and use YouTube as a secondary traffic stream. One benefit is that YouTube SEO is still not as competitive as regular SEO. If you can get in now and generate traffic, it will be better in 2022 when the competition is at its fiercest.
Frequently asked questions about making money on YouTube.
How can I make money on YouTube without ads?
If you don’t make a lot of money from ads, there are plenty of other ways to monetize your channel.
1. Sell related products, t-shirts, and physical products on an e-commerce platform like Shopify.
2. Sell digital products, online courses, and e-books.
3. Grow your audience and get YouTube brand sponsorship.
4. Use crowdfunding and ask for donations.
5. If you are an expert in your niche, sell coaching and consulting services at an hourly rate.
Is it hard to make money on YouTube?
Making money on YouTube is quite difficult. First, to participate in the YouTube Partner Program, you must have 1,000 subscribers and 4,000 watch hours in the last 12 months. Then you need to create many impressions and check your cost per impression (CPV) to see how much money you are making from ads.
If you don’t have millions of views, affiliate marketing is a great way to monetize your channel. You can rate products or follow product guides and place affiliate links in the video description. So you can earn a commission on every sale and earn more than your ad CPV.
How much are 1000 YouTube views worth?
There is no single answer to the question of how much 1000 visits cost. Factors to consider include the industry you’re in, the number of people who click on your ads, and the country you’re in. All of these factors affect your average CPM.
In addition, advertisers create a Google AdWords account to advertise on YouTube and then choose their advertising strategy based on pay-per-view (CPV) or cost-per-click (CPC).
How many followers do you need to earn?
As part of the YouTube Partner Program requirements, you need 1,000 or more subscribers to monetize your channel. In addition, you will need at least 4,000 hours of browsing in the last 12 months and an active Google AdSense account. Once you have applied and been accepted into the YPP, you can set your advertising preferences and monetize the videos you upload.
