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 too late to make money on social media, and YouTube is still growing. 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 on YouTube to Get Paid: Understanding YouTube’s System
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 2024
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 making 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.
YouTube Partner Program (Ad Revenue)
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.
We’ve already given you a rundown of how much you can count on getting from ad views. With the $7-18 range per 1,000 ad views, even a small channel can be a decent way to make some cash on the side.
But that’s still only “beer money.” If you’re thinking about turning YouTube into a full-time career, you’ll need to rack up a whole lot more ad views to make all the work worthwhile.
Maximizing Your Ad Earnings
We’ll go over some other methods of monetizing your channel to add to ad revenue in order to make as much money from YouTube as possible below. However, that doesn’t mean you can’t do anything about making the most out of the YouTube Partner Program. Here are some things you can do to try and increase your ad revenue.
- Create longer videos: More viewing hours = more ad revenue. If you’re capable of creating long-form, engaging videos, then this is the route you should take. On top of that, the longer your content, the more ad breaks you can insert.
- Collab with other YouTubers: This is a great way to boost your views, as collaboration videos often draw other creators’ audiences to your channel.
- Use other social media platforms to promote content: Apps like Twitter, Instagram, or TikTok are all great places to showcase clips of your full-length YouTube videos and encourage users to head over to your channel.
- Keep up with trends in your niche: Frequent “breaking news” videos reporting on recent developments in an industry/niche have proven to be an effective way to get your videos trending and more visible to users who are not subscribed to your channel yet.
Other Ways to Monetize Your YouTube Channel
You may have been drawn to become a YouTube content creator by reading about the YouTube stars who have reached millionaire status solely thanks to their career on the platform. What most people don’t talk about is the fact that YouTube ads alone are but a small fraction of these influencers’ income.
Monetizing your channel in other ways than the YouTube Partner Program can significantly boost your revenue, but also grant you more creative freedom, as your income won’t be solely at the mercy of the platform. Below, you’ll find some proven ways to diversify your YouTube earnings.
Affiliate Marketing
Affiliate links can bring in a substantial income. It’s one of 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.
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.
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.
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.
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.
Conclusion
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.
Frequently Asked Questions
How much money per subscriber on YouTube do you get?
There’s no reliable way to estimate how much revenue each subscriber nets you on YouTube. Sure, you can safely assume that a channel with 25,000 subscribers will generate more money than one with 10,000, but that’s not always the case.
As many YouTubers will tell you, videos often get loads of views from users who aren’t subscribers. In fact, it isn’t uncommon to see content with hundreds of thousands, or even a million views posted on a channel with only a few thousand subscribers. The ad revenue from this video will far exceed any estimate based on the channel’s subscriber count.
Can YouTube ban me for posting sponsored content?
Sponsored content is completely legal on YouTube. In fact, it is one of the main ways in which experienced YouTubers earn their living. But there’s a caveat. In order not to get into trouble with YouTube and run the risk of losing ad revenue, it’s important to always mark your videos as containing sponsored content to safely advertise your sponsors on your channel.
How does my niche affect my YouTube revenue?
There’s plenty of speculation online about YouTube rewarding and punishing certain niches, but so far, there’s no clear evidence that the platform favorizes certain topics over others. Of course, spreading misinformation, making health claims or giving financial advice without the right certification will get you demonetized on the platform.
The simple truth is that certain niches fare better than others because more people are interested in them and consume more related content than others. A good example is the fitness niche, where workout or routine videos often get watched multiple times by individual users, ramping up the views and, consequently, the ad revenue.
bout SEO, start working with affiliate programs, YouTube ads, sell merchandise, and try fan funding.
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