Fast ways of Making Money on YouTube
YouTube requires that channel owners have a total of
4,000 watch hours of video over 12 months, and at least 1,000 subscribers to be
eligible for the YouTube Partner program.
Striving to meet
these requirements is a good goal, however, ad revenue isn’t your only option for
making money through YouTube. Similar to blogging, YouTube offers a variety of
ways to make money through your channel.
Here are five
additional ways you can make money from YouTube besides its partner program.
You can choose one or combine them to maximize your income potential.
1. Drive Traffic to Blog or Website to Make
Sales
Video marketing is
an excellent way to promote your home business. Ways you can market your
business on YouTube include:
- Introducing
yourself and your business
- Behind
the scenes views to your business
- Tours
and demonstrations of your business
- Q&A
to answer your market’s questions about your niche and industry
- Tutorials
When you create
your YouTube video, you can include links to your website or blog in the
description, and then let YouTube send traffic to you. Further, you can embed
the video onto your website and share it on social media for even more
exposure. YouTube watchers can also share it.
For example, if you
have an online course, you can post one lesson from it on YouTube, and then
include a link to your course where people can sign up to get all the lessons.
Another example is to use YouTube to bring awareness to your blog. The more traffic to your blog, the more money you can make through all of your monetization methods, such as Google AdSense, affiliate marketing, or selling your own products.
2. Affiliate Marketing
Don’t have your own
product or service? No problem. Through YouTube, you can promote other
businesses’ products and service through affiliate marketing. To be effective,
you should start a YouTube channel around a specific niche and then find
affiliate products and services that will solve your target market’s problems
in that niche. For example, you can start a healthy baking YouTube channel, and
find quality baking equipment and healthy good options through Amazon’s
Associate’s program or other companies that offer baking supplies. Simply
include the links to the products you’re using in your YouTube video’s
description. Don’t forget to add any required disclosures about affiliate
links.
Along with sharing
the tools and resources you use, you can also use YouTube to promote affiliate
products by doing reviews and demonstrations.
3. Sell Own Products or Services
YouTube has so much traffic and is so effective that many home business owners use it almost exclusively to promote their business. Instead of a blog, they use YouTube to share their expertise, tips, and insights to built trust and rapport with their market.
Similar to driving traffic to your website through video, you can sell your products and services using demonstrations, sharing your expertise and tips, answering questions, doing tutorials and more.
4. Ads/Sponsorship
Generally, you need good traffic to sell ads or secure sponsorships for a YouTube video, but it may be possible to get this type of income before you qualify for the YouTube Partnership Program if your traffic is steady and growing. Further, selling ad space or getting sponsors has the potential to earn more than YouTube’s Partner Program, so it’s worth pursuing.
To sell ads or get
a sponsorship, you’ll need to reach out to brands with a proposal. In your
proposal you’ll need to:
Introduce yourself
and your YouTube Channel. Make sure you indicate how your channel relates to
their business.
Share your YouTube
Channel, and provide information on the level of engagement you have, including
views, comments, likes etc. If you have a good social media following, you can
include those numbers to give you more authority and show off your influence.
Focus on how you
can help the company, as opposed to talking all about you. If you’ve used their
product, let them know and share how much you liked it.
Pitch your idea.
For example, you can do a review in exchange for a free sample of the product.
Or you can do a shout-out about the company for a monetary payment.
Have a media and
sponsorship kit to share with potential advertisers and sponsors.
You can also join
sponsor platforms, such as Famebit, to find and pitch brands for sponsorships.
5. Crowdfunding
It’s possible to
generate regular income or project-based income using crowdfunding through
YouTube. Much depends on your channel topic and what your crowdfunded donors
get in exchange. For example, you might use crowdfunded money to enhance your
production value or do special topics. Usually, YouTube channel owners offer
different rewards depending on the level of contribution. Some rewards channel
owners can give include a shout-out in a video or something more substantial
for more money contributed.
Crowdfunded money
can be earned on a recurring, similar to a subscription or membership model, or
project-based, in which people help fund a specific video or series that needs
greater investments to be created.
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Thanks for reading: Fast ways of Making Money on YouTube , Sorry, my English is bad:)