Is making money on YouTube still an option, or is it too late? New creators can earn from this platform, even if they have zero subscribers. It’s never late to make money on social media, and YouTube is still growing. Whether you’ll opt for affiliate marketing, ads, or merchandise, it’s up to you which road you’ll take.
How much do YouTubers make, and which are the smartest ways to earn from this platform? We answer these two questions and much more in the article below.
Is It Possible To Make Money On YouTube
Yes, YouTube Partner Program requirements state you need at least 1,000 subscribers to be eligible to monetize your Youtube account through their program.
YouTube is how many people earn money. Although this platform has been around for a while, new users pop up every day and try to rise to fame with their content. So to answer the question, yes, it’s absolutely possible to earn money on YouTube. It’s actually a great source of income if you love filming videos, interacting with people, and sharing things from your life, travels, etc.
How Many Subscribers Do You Need To Make Money?
How much do YouTubers make? Unfortunately, determining how much a user makes isn’t that simple. Although certain rates circulate as possible numbers, in most cases, there is no way to say for sure how much a video will earn. It all depends on the engagement, number of followers, likes, comments, and more.
If you’re interested in the estimated earning, it generally varies between $0.01 and $0.03 per ad view. Of course, top YouTubers earn more than this, depending on how much engagement their videos will get and how many clicks their affiliates receive.
The minimum number of subscribers you need to have to join the YouTube Partner Program is 1,000 subscribers. For beginners, this number sounds so far away, but it’s not impossible. One million subscribers is a number everyone dreams of, but it definitely takes time and a lot of hard work to get there.
When it comes to 1,000 views, you’ll be surprised to hear how little they can earn you. The estimated amount is between $7 and $18 per 1,000 views. So one million views can bring a YouTube channel between $2,000 and $17,000.
The average pay of a YouTuber per hour is around $25. Once again, the pay will vary depending on various factors. The biggest YouTubers come from some of the most unexpected branches. If you look at the top ten lists, you’ll see that the majority share content about video games, kids’ content, makeup, and lifestyle.
How To Make Money On Youtube In 2022
Various revenue streams can bring YouTube money into your pocket. But, let’s be clear, no one will earn millions overnight; that’s not how things go. If you want to make a living from this platform, you have to dedicate a lot of time to make every single YouTube video special, unique, and high-quality. Ever since this service launched YouTube Studio, it’s much easier for creators to manage their channels, so now all that’s left is for you to go over these ways that will help you monetize the channel.
1. YouTube Ads
If you want to monetize your channel, you should definitely become a YouTube partner. This is a program that gives users a chance to explore their monetization options, such as ads via Google AdSense. To be a partner, there are specific requests your channel has to check. First, you need to have over 1,000 subscribers in the past year and over 4,000 video watch hours in the past year.
2. Affiliate Marketing
Affiliate links can bring in a substantial income. It’s one of the YouTubers’ favorite sources of money because it’s an excellent way for them to collaborate with favorite brands and show off their creativity. You can work with any kind of brand, but it’s best if you stick to your niche so that your content and collaborations are credible.
Affiliate marketing is all about products and services that you love. Don’t ever accept partnerships just for the money. Instead, focus on providing an honest review for your followers. With these links, you get a percentage from the sales, so both you and the company win. There are also many affiliate programs you can join and recommend brands and items you love through these programs.
3. Sell Merchandise
Selling your merchandise with your logo is not an idea for everyone. However, it can be an excellent side income. If you’re entirely focused on your channel, but you also have a little free time to think of designs, you should do it. Once your designs are ready, you can start promoting them on the platform. Some of the most popular YouTubers in the world have their own merch line that sells within minutes. Don’t forget to document the entire production process, with the final result on your merch shelf. It’s a great idea for a new vlog.
4. Create A Posting Schedule
Being consistent with your posting schedule should be your priority. You also have to post frequently, and not only once or twice a month. The more you post, the more your audience will know you’re working hard and will be tempted to subscribe, like, and engage. As you can already guess, higher engagement means more money.
There’s nothing more important than an engaged audience. If you continuously post and encourage your followers to watch your new videos, they very likely will. Also, the higher your follower count and engagement rate are, the more brands and companies will want to collaborate with you.
5. Work On Your YouTube SEO
Knowing the basics of SEO is important if you’re serious about making YouTube money. In the beginning, it can sound crazy and too difficult, but it becomes easier once you understand how things work. SEO will help you score the best keywords so that your videos will become more popular and rank higher.
6. Fan Funding
If you have a faithful fan base that is impressed with your content, you can try fan funding. This means that fans will send donations so that you can invest in your channel, and get your efforts recognized with a payment. It isn’t exactly a typical way to make money on the platform, but that doesn’t mean it’s not successful. There are also fan funding platforms where you can present your work and see if you’ll get support.
Another similar route to take is crowdfunding. Many young creators fund their work using the money they get from crowdfunding campaigns. This can also help you reach wide audiences and get more YouTube subscribers.
How to monetize YouTube? The fact that there are more than 37 million channels on the platform shouldn’t sway you away from posting videos, trying to grow your channel, and earning money. Most people do their research before starting a channel, so they can figure out how much they’ll make. Unfortunately, there is no formula to calculate how much Baby Shark (the most-watched video on the platform) or the profile with the most subscribers made.
If you’re ready for success and want to do your best to make money from your YouTube channel, you have to take things seriously and work hard on your content. Post regularly, learn about SEO, start working with affiliate programs, YouTube ads, sell merchandise, and try fan funding.