Videos made at your convenience can be a hobby, but it can also be a money-making medium and in some cases making a living. In order to attract more viewers and engage them, you need to be consistent with the quality of your videos and contents.
There are various ways YouTubers can earn money by posting content on their YouTube pages. Let’s take a deeper dig into how they earn through this medium.
-
Content
While making a YouTube video, it is necessary to post content that are engaging, relatable and interesting to the viewers. It is recommended that you consider covering the content in following niches that are highly in demand:
- Gaming and sports
- News and celebrity gossips
- Life hacks and DIYs
- Food and Kitchen hacks
- Animal activities
- General knowledge and educational content
-
YouTube Partner Program
If you are intending to monetise your videos and YouTube content, the first step is to join the YouTube Partner Program. It provides the owner an opportunity to receive payments via advertisements and views through their videos.
There are certain conditions and eligibility criteria that needs to be met before joining this program. Such as, number subscribers and number of watch hours. Once approved, you are then eligible to receive money. There are two types of views that can help YouTubers make money:
- Cost per thousand views
- Cost per click
As you start to make money via the views and clicks, you will have to create an account through AdSense so you can get paid by the advertisers. However, you can only do a direct debit once your account reaches $100. The first dollar you make may be hard and may take time, but as you attract more views and post interesting content, you should be able to continue making the dollars.
The Youtube Partner Program has over 2 million users as of August 2021. Click here to read more!
-
Affiliate Marketing
Affiliate Marketing is an arrangement between the YouTuber and an online retailer, where the YouTuber is paid the commission for product promotion and referrals. This can fall into the following forms:
- Unboxing video of the product
- Product recommendations
- Product Review
YouTubers are actually paid based on the number of clicks on the product link and the number of sales received after viewing the link including the commission on the product itself.
-
YouTube sponsorships
Sponsorships are when you have made it to the ultimate destination. It is an ideal option for companies when they want to invest where their sales received guaranteed increase in demand. YouTubers are paid by the brands in response to creating a specific video regarding their product, event, or anything the company has to offer.
YouTubers are paid between $0- $50 per 1,000 views depending on the estimated number of views as a result of the promotion. The YouTuber makes around $10,000 to $50,000, if the video hits a million views. No wonder sponsorship is what every YouTuber hopes for.
Your subscribers may not only assist in increasing your page’s views and click, they may also subscribe to extras. Such as paying $5 for early access to videos, $15 for a one month excess to extras. Therefore, even if your page is too small for sponsorships and brands, your fans can become the patron of your YouTube.
If you want to read further about who are the highest paid YouTubers are, click here!
Add a Comment