Once someone enters the internet world, they start seeing many ways to earn money online.
There are at least a dozen ways to make money online. These include how to make money blogging, affiliate marketing, eBook revenues, freelancing with sites like Upwork or oDesk, earning from AdSense, and so on.
But if we were to choose the best 2 options to make money online, blogging is usually number one, followed closely by monetizing YouTube videos.
Here are some interesting YouTube stats to chew on :
- YouTube has over 122 million active users daily.
- 1 billion hours of content is watched across the world every day.
- 62% of YouTube users in the USA access the platform daily.
- Every minute, more than 500 hours of new content is uploaded to YouTube.
These stats are just the tip of the iceberg when it comes to ‘Video Content’ being the largest medium. But most of you should keep an eye on the second stat, which says 87% of online marketers use video.
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- Keyword research
- Keyword Tracking
- Free Plan
- Add YouTube Tags conveniently
- Get paid plans for free (Eligible channels)
- Keyword rank checker available in higher plans
If you are in the balance 13%, then you are lagging behind. But you can still catch up and we’ll show you how. Before, we move ahead, do read following two guides for vLogger:
- YouTube SEO: Increase Your YouTube Traffic by 468%
- 10 killer ways to promote YouTube videos for higher traffic
- 20 Smart ways to get more YouTube Subscribers
8 Best ways to Earn Money from YouTube
- YouTube Partnership Program
- Channel Membership
- YouTube Super Chat
- Sponsored Videos
- Amazon Affiliates
- YouTube Premium
- Influencer marketing
There are people out there who make a lot of money with YouTube.
There are even some artists who earn over $20,000 every day from their YouTube videos.
There are a variety of ways to make money on YouTube.
Let’s start with this YouTube video:
How To Make Money on YouTube? (The practical guide)
The most popular ways to make money on YouTube:
YouTube partnership program (YouTube AdSense)
You can monetize your YouTube channel with AdSense. AdSense shows contextual ads on your videos and you earn money whenever a viewer clicks on the ad. This is by far the easiest way that YouTubers are making money.
The best way to increase your revenue is to increase the views on your videos. It is as simple as that.
This isn’t easy by any means. YouTube expects you to have put a certain bit of effort before you are eligible for the YouTube Partnership Program.
Eligibility Criteria for the YouTube Partnership Program
- YouTube Partnership Program should be available in your country
- You have more than 4,000 watch hours in the previous year
- You have more than 1,000 subscribers
- You create content that meets YouTube Partner Program policies
- You have linked an approved AdSense account
How do I register for the YouTube Partnership Program?
Assuming, you are eligible for the YouTube Partnership Program, here are the things you need to do.
Joining the partnership program
- In the top right, select your account icon > Creator Studio.
- In the left menu, select Channel > Status and features.
- Under “Monetization,” click Enable.
- Follow the on-screen steps to accept the YouTube Partner Program Terms.
- Set-up an Adsense account or sign-up for Adsense via YouTube
- Setting up an Adsense Account: To learn how to set-up an Adsense account, click on this link that will give you a step by step process
- Sign-up for Adsense via YouTube: Alternatively, you can choose to sign-up for an Adsense account via YouTube. Click on this link for the step by step process.
Set your monetization preferences
- In this section, you can choose either to monetize all your videos (existing and future) or just future videos
- You can choose the type of ads you want to show your subscribers
Wait for YouTube to approve you
Once your account is approved, you can monetize all your uploaded videos and also your future videos. In the below screenshot, you could see earning from YouTube AdSense partnership program.
Note: As of 2023, the AdSense income via YouTube is declining, and you should use other strategies like “Influencer marketing” and “Affiliate marketing” to make money from YouTube.
One of the oldest ways of making money for celebrities (Especially artists) has been through merchandising. Merchandising is an option for popular YouTube content creators to make money through their subscribers.
- Smartphone covers
YouTube understands this is a money making opportunity for creators and have partnered with a few merchandising companies. You can check the eligible companies here.
One of the best services when it comes to merchandising in Teespring. They take care of the production and distribution of your merchandise and you can make a solid profit per piece of merchandise.
This is how selling merch on YouTube looks like:
However, if you have an active community on YouTube, merchandising could be a real profitable avenue for your channel. You can use a platforms like Shopify or Squarespace to manage everything of your own. This one is recommended for professional vLoggers and those who have a team to help and manage.
Here are a few examples:
This one is from YouTube Zoella and see her merchandising in the video below:
YouTuber Casper launched his own line of T-shirts:
YouTube Super chat
Another way to monetize your YouTube Channel is through the YouTube Super Chat feature. YouTube introduced this feature in late 2017 to a few of their content partners.
This feature is rather simple. During a live feed, if a person wants their comment to stand out and be pinned for a while, they have to pay. This money goes directly to the YouTuber.
Eligibility for Super Chat
- Your channel is monetized
- Your channel has over 1,000 subscribers
- You are over 18
- You are located in one of the available locations
You can head over to YouTube features page and look for Superchat option and enable it.
Just a while back, YouTube launched the ‘Sponsorship’ feature which has been renamed as ‘Channel Membership’.
Channel Membership let’s eligible YouTube Creators to collect a monthly subscription fee from their biggest fans.
In exchange, fans get access to exclusive content, perks, and badges from their favorite content creators.
Step 1: Check if you are Eligible: Eligibility Criteria for Channel Membership
To become eligible for a Channel Membership, you must be a serious YouTube Creator with a solid following. Here are the details
- Your channel must have more than 30,000 subscribers
- Your channel is in the YouTube Partner Program
- You are over 18 years old
- You are located in one of the available locations
- You (and your MCN, if applicable) have agreed to and are complying with our terms and policies (including the applicable Commerce Product Addendum)
- You have zero active strikes (Copyright strike, community guidelines strike. You are allowed 3 strikes before termination)
Step 2: Joining Channel Membership
If you are eligible for Channel Membership, you will get notified by YouTube. You can also check your eligibility status on this page.
Step 3: Switching on and off your Channel Membership
You can choose to either, switch on and off your channel memberships from the above link.
One of the ways fans can show true support to the creator is through crowdfunding. As a concept, crowdfunding is taken off. People get together, pay small amounts of money to get a physical product or a digital product made.
Content creators often use crowdfunding platforms to make their monthly quota of money. This is done in the early stages when they haven’t reached a certain subscriber base or don’t have other monetization strategies on the horizon.
Here is a list of all the platforms one can use to crowd raise money. One of the most popular platforms in this space is Patreon.
Sponsored videos (Influencer marketing)
A sponsored video is where a YouTube creator takes money from a company and in return promote their brand or product. Most of the content creators do it in a smart and funny way that suits their style and something their subscribers will love.
These days, a lot of brands reach out to YouTube influencers to promote their products/services. In fact, they usually high a large budget for influencer marketing. It is your job to ensure that these potential advertisers can reach out to you with less friction.
How to get sponsored videos on YouTube
Before you actively start selling your content for sponsored videos, here are a few things you need to work on if you haven’t already.
- Fix your branding and niche
Branding is what would make your target audience remember your channel. Use thumbnails that are personal evoke emotions, and are attractive. You can hire someone from Fiverr or 99designs to create brand material for your YouTube channel.
There’s another huge mistake early YouTubers make.
They want to do everything all the time and they don’t stick to a particular niche. For example, if you start with a food recipe video and then in the next video you talk about fixing issues on the computer, your subscribers will not know what you’re selling.
Your subscriber base will be scattered and companies will find it hard to identify with your audience as they are thinned out.
Step by step to getting sponsored videos on YouTube
- Identify the right kind of companies for your niche
Everybody is not your target market. Companies from a specific industry will only be suitable for your business. Identify the industry and identify a few companies and prepare a list.
- Grow with the small guys – Local and Small Businesses
Before you get to the big wigs, you need to find the small fry. There a lot of small and medium businesses that are looking for advertising services. Collaborate with these companies and start small. Slowly, you will build your reputation and you can aim for larger companies.
Here are top sponsorship marketplaces that help you get sponsored videos:
Local businesses are ideal as you can meet them face to face and pitch your content.
- Reach out and pitch
When you run a YouTube channel and you are serious about it, you need to start thinking like a business person. The first thing any entrepreneur should be good at is, selling. Selling is everything. Here are a few ways to reach out to companies.
- Add your email address in your YouTube channel bio
- Add your email address or contact page link in YouTube video descriptions
- Cold email prospective companies with an interesting pitch
- Tweet to a company
- Get introductions from your social circle
- Book appointments face to face by cold calling
- Attend networking events
One of the other ways to make money is through promoting Amazon products. Generally when content creators who make money through Amazon affiliates, generally review their products on the channel.
After the review, people buy the product through the link and the creator makes money.
To become an affiliate with Amazon, click this link
This method will let you earn a large amount of money in a very short time. All you need to do is pick the right product, create a video around it, and put the link in the description. You earn per sale and usually (depending on the affiliate partner) the payout is pretty nice.
If you have a WordPress site, then use a plugin called “Thirsty affiliates” to manage your affiliate links. If you don’t have a website and you don’t want one, you can use the Genius link app to manage your affiliate links.
Capture email and make money of YouTube
If you wish to make money from YouTube, implementing this tried and tested method would help you grow faster. Email-marketing is one of the top digital marketing strategy to connect with your audience, and also monetize it.
You can use any of these tools to create a landing page, and capture email of your users:
Now, whenever you publish a new video, you can reach out to them via email and let them know your new creation. At the same time, you can always promote a product (Affiliate or sponsored) to your audience to monetize it.
For my YouTube channel, I use Convertkit, which offers many great automation techniques.
Answer Questions and Make Money
One of the best parts about being a YouTube creator is having fans. After you hit a critical mass, fans appreciate one on one interactions and communication with you. If you want to take this relationship to the next level and make money off of it, you can join a platform like Worthyt that lets you get paid to answer fan questions.
YouTube Premium is YouTube’s answer to Netflix. Under this, subscribers can enjoy ad-free videos, original and unique content, play the YouTube app in the background, download videos to watch when you are offline.
In a nutshell, YouTube can help you earn money if you don’t have a blog or if you are still in the process of building one.
And once your blog is all set to go, you can put the video version of your blog posts on YouTube to earn some extra bucks.
YouTube can also benefit you by getting website visitors who are not using Google as their primary search engine, but who found out about your site from one of your videos.
YouTube supports almost all video formats and you can post videos in a wide range of categories.
You can post about your trip to Milan or do a video review of the AirB&B or hotel you stayed in. You can also make tutorials about WordPress, hosting platforms, and other blogging or tech-related things.
There is a lot of software out there that will let you record your computer screen, making on-screen tutorials easy to produce. I use Camtasia for recording my screen, and it’s been helping me to make decent money from my YouTube channel.
The possibilities are endless; so are the earnings.
Have you been using YouTube?
Have you been making money? Let me know in the comments below.
If you have any questions or would like more information about how to monetize YouTube videos, ask me in the comments.
75 thoughts on “How To Make Money On YouTube in 2023 – 10+ Strategies”
I’m a youtuber , i use to posted my videos but i don’t know how to create and add Google AdSense to my Youtube videos. please i need some help.
Can I upload animated short films which I created for children on youtube. Are there any legal issues on uploading self created animated short films
If your content is original there is no legal issue.
This article was extremely Informative. Thanks for that. I am a music composer. I just want to check how this platform works out for me. Due to various reasons, i was not able to get into the movie industry despite several attempts and i gave up. Now My Idea is to make an animated video on my own with one of my tunes as instrumental Background for the Video. I will Mix and Master the song. Instrumental in the sense the melody line with some solo instrument like say flute, Piano, violin or so with beat and base line with strings and so on. A Quality tune and I am now learning Animation to serve this purpose. Please advise. Shall i start off with one video?
Hi! I would like to earn money by uploading my originally composed songs. I recorded about 20 songs already and I am quite not sure if it’s going to be viral. But i think I do have a voice. Can I connect youtube to facebook? I think there’s so many audience in facebook and my songs would be catchy if it’s shared. Is it a good idea? …because I have a friend that got viral on youtube by just singing.
Me, as a plus factor, I originally sing it with my guitar. :)) Im hoping for a response. I’m from Philippines.
As you mentioned in your article that the good thing about YouTube is that we don’t need to buy any domain or hosting.So, this is in fact the easiest method to make money online from home. By using this method every one get benefits from it who don’t afford Domain and Hosting.
Thanks for sharing such an excellent post 🙂
Will i be paid for youtube videos upload only or for adding ads to my videoas?and if its for video uploads only then how and when will i get paid.
I have YouTube account but I am confused what I upload…So. well I am interested about gadgets…but I have no latest gadget..So how to get sponsorship from company of Electronic’s?
You cannot get sponsorships or review units if you’re channel is fairly new. That’s why a tech channel isn’t recommend for people with less budget
Hello great Article,
I have a YouTube channel which is based on Android Gameplay so I’m getting low cpc like 0.01-0.03 and I’m linked with adsense. Can u suggest me which is the best ad showing network which will give good cpc?
I agree that YouTube is a great platform for online earning. I lot of people have migrated to YouTube just because of that. All you need to have is an idea or a category that you are interested in and can make good videos for the same
Is it right that using YouTube partner programs, the total views are not the views that will be counted for payment. And about 50% of earnings goes to Partners?
This post is really interesting because it puts people in the know. Thank you for such a nice job. Sorry for asking this; is it posible to create a different section for youtube video and other videos upload in blogger? If so, how do I go about it. Thanks.
Hey..one question suppose I upload remix of some song and monetise ..can I earn from that…is that legal or any actions are taken?
It is completely legal and you can monetize a remix if it’s your own production.
i have youtube channel and i made video by self using camtasia studio and i have also save this project file so can i monetize this video and if youtube ask me provide proof then which proof can i need to send?
i used youtube free music from audio library.
Can i monetize any video which I upload even if it is not mine?
It depends on the source of the video. If it is already up on some other channel, then your video would not be eligible for monetization.
will u please tell me how to create a channel in youtube for earning and what is monetization
Hi there, I am very beginner to make money on YouTube, I don’t even know what kind of video should I make to attract visitor. Could you please send me the video guide?
For instance, I thought that I should I buy a smartphone iPhone 6s to be used for my YouTube project as its camera is good quality.
I have in my mind that I should capture about rural life in Cambodia, do you think that I could attract high number of visitor and watcher?
Can you clarify my doubt regarding length of the video we upload on youtube.
Suppose I have two videos one of 3 minutes and other of 20 minutes.
How earning by both of these videos will be different given that both show up the advertisement only in the beggining?
What if i have 2 or more youtube channel using one email id ?
Can i earn from all of my 2 or more channel or only one channel can be monetise?
Yes, you can earn from both the channels.
hi friends ,
i want to make some money from youtube .can you please guide me in doing this.
means what should i do
how to upload videos
please reply me with step by step procedures
i will be thankful to you
No problem. You can give any title you want. There are no copyrights for titles on youtube.
Please help me!!!!!
I’m really confused. I’ve put some vedios on YouTube and activated them for monetization with Adsense account. I received a confirmation from them that the account is enable for monetization along with some reference ID. However, the status is still showing pending and when I login to adsense account it is saying that my account is being reviewed and can take a week for this. I’m unsure whether I’m earning for the clicks that have be done on my vedios. Please suggest and explain.