10 ways to Monetize your YouTube Channel

As technology advances, so does the ways in which a person can generate income.

Nowadays, the internet has become a great ally for those looking for a way to generate an extra income, and monetizing on YouTube is one of the most used methods.

Be it for those who have had a channel for a long time and want to start making money through its content. Or, for those who want to start from scratch to upload videos on this platform, there are several ways to make money with YouTube.

You only need a channel on YouTube, and the desire to generate content to start the journey to earning money off of YouTube. However, it is also key to define how this will be done.

For this reason, in this article, you will learn 10 ways to monetize on YouTube.

• Advertising on YouTube (Google AdSense)

Among the ways to monetize on YouTube, advertising is one of the recognized among the users of the platform. Mainly, because of the recurring ads that usually appear while watching any video.

Ad revenue is also one of the simplest ways for YouTube content creators to make a profit. Automatically, it is possible to earn money for each click that users make on the ad that appears in a video.

If you like this option to monetize on YouTube, you just have to activate monetization and select the ads that will appear on your videos. The rest is up to the platform.

Something that should be taken into account is that YouTube has two fundamental requirements to monetize with advertising:

• Have a minimum of 4,000 viewed hours
• A channel with at least 1,000 subscribers

Make sure to comply with both aspects before requesting this type of monetization.

• YouTube Premium

For users who don’t want to see advertisements when playing a video, there is YouTube Premium. Another way to monetize for content creators on this platform.

To make money with this alternative, you don’t have to do much. Users subscribed to YouTube Premium are only required to view your content on the platform. With no ads, YouTube provides part of the money from subscriptions to the video creator.

• Affiliation Marketing

Another of the best-known forms of monetization within YouTube. Affiliate marketing is all about making a profit from sales made through videos.

In this case, content creators have the ability to place links or promotional codes, which their viewers can use. And so, make a profit from those sales.

For this way of monetizing, you must be subscribed to the affiliate program of a certain online store. Like for example Amazon or AliExpress. Leave the links in the description of your videos and inform the followers about them.

• Influencer Marketing 

Collaborating with brands is also a very common way to monetize on YouTube. Especially when it comes to content creators with a large audience and influence. This is also known as Influencer Marketing.

Because YouTube allows a very close connection with the audience, this alternative can give excellent results if it is used correctly.

In this case, what you should do in your videos is to recommend, show or simply promote a product of any kind. In addition to notifying YouTube that there is promotional content in your audiovisuals.

It also requires an established niche and a considerable number of subscribers. In this way, the promotion will have better results.

• Sponsorship and Product Placement

Both could be considered as an extension of influencer marketing. However, both have very distinctive differences.

When talking about sponsorships, it happens when the content creator mentions the brand directly. It can be at the beginning, in the middle, or at the end of its production. Generally, this format is more used in podcasts.

Now, Product Placement is a type of advertising that is not mentioned directly, but in which the creator uses the brand’s products. It can be a tutorial or an analysis of a certain article. This is more popular in video formats.

• YouTube Memberships

This form of monetization focuses on giving YouTube channels greater exclusivity. Memberships give users who join your channel the possibility of obtaining extra benefits that are not found in the traditional version.

To join, followers must pay a monthly subscription in exchange for mentions, greetings, or any other reward that you can offer them as a content creator.

However, to be eligible for memberships on YouTube, you must meet some requirements:

• Have more than 30,000 subscribers on your channel
• Be of legal age (+18)
• It should not be a channel aimed at children
• Be enrolled in the YouTube Partner Program  

• Merchandise 

Just like sponsorships or Product Placement, this is a very well-known type of advertising within the ways of monetizing on YouTube.

The difference in this is that the brand or product is not mentioned at any time. Rather, the content creator uses some of them “casually”. Either as decoration, clothing, figurines, or a drink.

The intention is to unconsciously attract the user who is watching the video.

• Super Chat and Super Stickers

This is one of the newest ways to monetize on YouTube. This tool is specifically aimed at fans and is very useful to earn money.

It consists of giving a special space to those followers who want to be noticed when you do a live transmition.

During the live, this person will be able to buy a Super Chat or a Super Stickers, and it will be highlighted to provide further enhancement to their comment.

• Applause on YouTube

Applause YouTube is another alternative to monetizing videos. It is a relatively new methodology. Right beside the “Like” and “Dislike” buttons, you will find the “Applaud” option.

Users can use this button to send applause to the content creator, as a sign that they liked the video.

It fulfills the same function as a donation, but with a much more pleasant name.

• Sell your products

This is one of the most common and effective ways. It consists in creating your own products and selling them to your viewers. This way of monetizing on YouTube is popular with online course creators, for example.

 

As you can see, there are several ways you can monetize on YouTube, some of them without much effort. While others are somewhat more complex. But, undoubtedly, all bounded to provide great results.

We invite you to read our blog about YouTube shorts, where you can learn about a new opportunity to monetize on YouTube.

Subscribe to our channel and learn more about marketing from one of our collaborators at Axiomacero.[:]