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In this post, we will check out how to make money on Youtube in 2023 and 10 ways to make money on youtube.
YouTube has become a hub of content creation, and millions of people worldwide tune in every day to watch videos ranging from entertainment to education, product reviews, music videos, and more.
The platform’s popularity has also made it a hub for creators looking to make money by monetizing their channels.
As we move into 2023, there are various ways that content creators on YouTube can make money. One of the most popular methods is through the YouTube Partner Program, which allows creators to earn revenue from ads shown on their videos.
Additionally, there are other strategies such as sponsorships, affiliate marketing, merchandise sales, and crowdfunding that creators can use to supplement their income and increase their revenue streams.
However, making money on YouTube is not as simple as creating a channel and uploading videos. It requires dedication, creativity, and consistency in content creation to attract and retain a large audience.
This article will explore some tips and strategies that creators can use to make money on YouTube in 2023.
10 Ways to Make Money on YouTube
1 Join the YouTube Partner Program
YouTube is the second largest search engine in the world and more than one billion users visit YouTube every month.
It’s a great way to grow your business, especially if you are an entrepreneur looking to expand your brand and reach new customers.
The YouTube Partner Program allows you to monetize your videos by placing ads on your videos and sharing in the revenue generated by these ads.
In addition to monetization, you will also get access to other tools that help you grow and manage your channel.
YouTube has long been a destination for aspiring content creators, but it’s also been a place where those creators could make money.
The Google-owned video site has now opened its Partner Program to the ones who pass their eligibility criteria which is 1000 subscribers and 4000 watch hours.
The program allows YouTube members to receive revenue from ads shown around their videos as well as from pre-rolls before non-partnered videos that they’ve uploaded.
It requires that content creators just meet the minimum criteria and once approved they’ll be eligible for ad revenue on all of their uploaded videos.
The program is one of several ways YouTube offers its most popular content creators to generate income from their videos.
Steps to enable monetization on YouTube:
- Sign in to the YouTube account you want to monetize.
- Click the icon for your account in the top right corner.
- Click YouTube Studio.
- In the left menu, select Other Features > Monetization.
- Read and agree to the YouTuber Partner Program terms and eligibility requirements.
- Create a new Google AdSense account or connect an existing one to your channel. (You need an AdSense account to get paid.)
- Set your monetization preferences.
What is YouTube Premium?
YouTube Premium is the premium version of YouTube. It includes features such as an ad-free experience, background play, and downloads.
YouTube Premium is a paid membership that gives you access to the most current and popular YouTube Originals, as well as the new “YouTube Music” subscription service.
YouTube Premium is $11.99/month. You can sign up for YouTube Premium from your phone or computer at youtube.com/premium.
2 Become An Affiliate Marketer
You’ve probably seen the ads on YouTube before. Someone is selling a product or merchandise, and then they have a link at the end of their video.
This is called an affiliate link, and it’s something that’s becoming more and more popular among YouTubers.
Affiliate marketing is essentially you making money by promoting someone else’s product or service. The company gives you a code (usually an affiliate link) and you put their code in your video description, blog post, social media post, etc., and when someone buys through your link, you earn a commission.
There are many different types of affiliate programs out there. Some will pay $1 per sale while others will pay up to $100 per sale depending on how much traffic you get to your site/video/blog post and what type of conversions it generates (e.g., if someone clicks on the ad and then returns another day).
The amount you get paid will vary depending on the company offering the affiliate program, but most of them offer recurring commissions for as long as someone keeps buying through your links.
3 Work With Brands as an Influencer
Influencer marketing is a strategy that has been used by brands for many years. It involves working with key people who have a large following on social media to promote your brand.
If you’re a YouTuber, then you’re likely already familiar with the idea of influencer marketing — or at least the concept of being an “influencer” yourself.
Influencers are people who have built trust and credibility in their audience through consistent content creation, engagement, and authenticity. They can be anyone from beauty mentors to fitness instructors or even comedians. The key is that you create quality content regularly and your followers are loyal fans who look forward to your posts.
Influencers bring added value to a brand because they have an existing relationship with their followers — they know what makes them tick and how to deliver value to them in their inboxes, feeds, or newsfeeds each day.
You can also check out IZEA which is a well-known marketplace for influencers where you can add your channel and get discovered by brands.
Some influencer marketplaces deliver you free products, while others are comprehended for having big brands who are ready to pay more. Capitalize on the possibilities that nicely suit your needs.
4 Fan Funding
Youtube has become a great platform for people who want to share their content with the world. You can upload your video of any kind, and if it gets enough views and likes, then you can earn some money too.
The more popular you are, the more money you will be able to make. However, there is a catch here: if you are not getting enough views or likes on your videos, then you will not be able to make enough money from it.
Thankfully, there is a way in which you can get fans to support you financially by pledging regular amounts monthly or weekly via Patreon or Tipeee.
These platforms are designed specifically for creators who want their supporters to pledge them some amount of money every month so that they can continue making new content for their fans in return for their support.
There are many ways in which these platforms help creators market themselves and gain more exposure as well as increase their fan base and make more money from their videos:
There are many ways for fan funding, but the most popular option is Patreon. Let’s check out some of the top platforms:-
Patreon: This site lets fans pay artists a monthly subscription fee to access exclusive content, such as videos and music streams.
YouTube’s Super Chat. Super Chat is a feature utilized when creators do live streams on YouTube. It lets you form a tipping jar for your viewers to contribute.
Tipeee. This platform allows you to get a mixture of both one-time tips and recurring donations.
Buy Me A Coffee. Buy Me A Coffee lets creators and artists receive donations and membership fees from their fans. It’s one of the best Patreon Alternatives available in the market.
5 Sell Products or Merchandise
If you have a YouTube channel, you can monetize it by selling your own products.
You can sell anything that people want to buy. It doesn’t matter if it’s physical goods or digital products. You can sell both physical and digital items on YouTube.
Here are the types of products that can be sold on YouTube:
Books and ebooks (pdf)
T-shirts and other clothing items (physical)
Fitness equipment, workout supplements, etc. (physical)
Tickets for events or concerts (physical) and Lot more
YouTube is a great platform to sell products. In addition, it is also a great way to build up your brand and get more exposure for your business. Here are some tips to help you create a product video that will sell:
Create a video that shows off the product clearly. The best way to do this is by creating a video with simple instructions on how to use the product and showing it in action. This will make it easier for viewers to understand what they’re buying and how they can use it.
Give people an idea of how the product will look when they receive it. You can do this by taking pictures of the product from different angles and posting them in your video description area or website so customers know exactly what they’re getting when they order from you.
You can also use Sellfy for selling digital products. Sellfy is one of the best platforms for selling digital products.
6 Live Streams and Super Chat
Superchat is one great way to make money with YouTube. You can use this feature while you stream.
Live streaming is a great way to broadcast your videos and interact with your fans. It’s also a great way to promote your channel, build an audience and increase engagement.
Super chat is a feature that allows viewers to join in on the conversation during live streams. The more people engage with you on Super Chat, the more money you make.
Here’s how it works:
You create a live stream with your YouTube account and start talking with viewers while they watch.
Add an overlay of text or images that will appear over your video while you talk or react to comments from viewers. You can use this as a platform to advertise products or services or just talk about whatever you want.
Subscribers to your YouTube channel can donate in Super chat on live streams or pay a monthly fee and become associates of your channel.
They’ll also get custom badges that make them stand apart from others during live sessions.
This monetization method is enabled through YouTube’s Partner Program. Getting your fans to pay you directly is a wonderful way to make money on YouTube.
7 Product Reviews
There are many ways to make money on Youtube, but one of the easiest is by reviewing products.
If you have a product that you know and love, then you have a huge advantage over other reviewers. This can even be an advantage when it comes to making money and new friends on the platform.
You can just put affiliate links in your video description so that viewers can buy these products directly from Amazon or other sites and you get paid for it.
The better product you review, the more chances of making money with Youtube. The best part about this is that it’s easy to get started with!
You don’t need to spend any money or hire anyone else to do this for you or pay them any royalties. In fact, the only thing that may cost you is your time if your product isn’t very popular yet. Product Reviews is number 7 in our list of 10 ways to make money on youtube.
8 Youtube Premium
YouTube Premium is a subscription service that delivers users the key to exclusive content and ad-free viewing.
While creators earn revenue through ads on the free version, YouTube Premium offers a percentage of their revenue from subscriptions, which can provide your income a beneficial boost.
So for example, if your channel gets a higher watch time than another, it gets a bigger piece of the money.
On the other side, Premium members can also download your videos to watch offline which ultimately leads to an increase in the watch time. You receive a 55% share of YouTube’s subscription revenue.
9 Selling Courses
Another great way of making money with Youtube is selling your courses. If you have the knowledge and wanted to share it with your followers which are useful and game-changing for them then they will tend to buy your courses.
You can instruct on different topics in the niche you are making videos on youtube. Just adds courses in video descriptions with a call to action to help guide viewers into action, to buy your courses.
This is a significant way to make money on the YouTube platform and successfully sell courses. You must focus on creating high-quality, useful, and amazing content that delivers massive value to your viewers.
For selling courses you can also go with Thinkific. Thinkific is the platform that will make your life easy when it comes to selling online courses.
10 Sell Services
If you’re a creative person, chances are you’ve got some great ideas but not enough time to see them through. That’s where YouTube comes in. It’s a great place to share your work with the world and make money from doing so.
The first step is to create an account on YouTube, which can be free or you can use your own username and password if you already have one.
After that, you’ll need to upload videos of yourself talking about your niche topics and helping viewers give valuable information.
You might want to think about what type of videos would be most appropriate for your business and then find people who will be interested in them.
Now it’s time to promote services that are related to your videos and use a clear call to action in the description to get viewers to try out your services.
In addition to making money from Youtube selling your services, you will also create a powerful community around the services you deliver. Sell Services is number 10 on our list of 10 ways to make money on youtube.
Conclusion
Hopefully, we’ve shown you that it’s possible to make money on YouTube. The key is making the most of your time and talent.
We recommend starting small—create a channel with some videos about a topic you like and see what kind of response they get before investing too much in equipment or production costs.
It can take time for these things to pay off, but if you stick with it, we promise it’ll be worth it!
How to make money on YouTube 2023 FAQs
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