How to Make Money From A YouTube Channel?

Youtube is one of the most used social media platforms where people worldwide have numerous hours each day. On this platform, millions of users log in every month, and more than 500 hours of videos are uploaded every year. While many people just watch funny cat videos or watch others play video games, you can use the platform efficiently for doing a successful business. For a person who has a youtube channel idea, patience to wait for the business to grow, and ready to put in an extra effort, youtube can be the perfect platform for your business.

Provided below are some most prominent tips for starting a youtube channel and making money from a youtube channel:

1. YouTube Partner Program

For earning money directly from your youtube channel, you need to form a partnership with a site. There are numerous requirement for becoming a partner, which is as follows-

• The videos you upload on your channel must comply with the advertisement guidelines of the site.
• It should have a minimum of 4000 valid watch hours spread over the last year.
• Your channel must have more than 1000 subscribers.
• You have to like your channel to your Google AdSense account.

When you become a partner, you will be able to get financial benefits through ads, membership advantages, and other factors, including Super Chat, in which viewers of your channel pay to highlight their comments in a live stream.

You must make engaging and high-quality videos. The high frequency of videos will assist in increasing the watch hours threshold. After all requirements for making the best youtube channels are fulfilled, you can apply for monetisation by going on your profile and activating the section.

2. Create Google AdSense Account

For doing a partnership with any site, you need to create a new account with Google AdSense for getting ads on your videos. The advertisers use it for bidding space on videos. But it depends on numerous factors like the type of audience, topic of videos, and keywords.

You will get the payout through the AdSense account depending mainly on the number of impressions on your channel's videos. It is based on the number of watches or clicks on ads. But every time, the video doesn't need to display an ad, hence the number of views is not the same as ad impressions. Youtube also takes an amount of the finances obtained from the ads.

Also, you will only get paid when your payment value reaches 100 dollars, and it can also take months. There is also some tax deduction from that amount by Google.

3. Place video on YouTube Premium

Another way of earning from youtube videos is by uploading videos on the premium site of youtube. This is a paid version of Youtube, which is completely ad-free. When you upload content on premium, you can earn a part of the revenue from the audience's membership fees, depending on your video’s number of views.

4. Engage in product placement in video and sponsorships

It is a widespread, easy and popular way of earning money on Youtube. The new and established companies that want to engage your audience will sponsor your video or propose deals or contracts for product placements. You will have to talk about the product once in your video. These companies pay you per sale or commission basis as per your agreement.

You must inform Youtube about placement by selecting the "video contains paid promotion" option in the advanced settings option of the profile in the video manager box.

5. Merchandise products or services to your audience

When your youtube channel idea gets popular and reaches a sufficient number of subscribers, then you can provide links for your merchandise on your channel. It can be in the form of T-shirts, mugs, etc., and you can provide downloadable items like e-books. You can add the payment system for the sale of your merchandise to your audience.

You may have a lot of ideas for merchandise, but not all can convert into sales. Hence, you can start with one or two types of merchandise to test your audience's shopping pattern. You need to make a separate website for offering purchases. You can also link it to your video by referring to a given list of Youtube's approved merchandise sites.

For the increasing sale of your merchandise and other related products, you should wear or use the products on your videos. Also, add your store link in your video descriptions for ease of the audience.

6. Try crowdfund

Getting funding online has become very common these days. Crowdfunding is of two types that are recurring crowdfunding and project-based funding. The recurring crowdfund allows the contributors to pay a certain price they require regularly. This form of funding is handy for making your channel a regular source of income. You can attract the audience by offering direct private video chats, offering merchandise, or providing private classes to the viewer to make them sign up.

You can also prefer crowdfunding if you require financial support for a channel-related project, which can offer reasonable earning from your channel. Youtube provides a list of approved crowdfunding sites for the YouTubers to make a wise choice. After setting up your crowdfunding account, you need to promote your project on your channel to make the contributor feel a part of the project. You can also offer numerous advantages for fans depending on the amount they wish to donate. You may also promote your project and Youtube channel on other social media sites for a broad target audience.

7. License your content

You must have seen when a video goes viral on social media; every news channel wants that video for replaying it on their channel. The established media company makes the payment for using a video for that purpose. Hence, if you license your successful videos, you will get two benefits: getting paid for using your content and becoming easy to find on the internet.

For this purpose, you should set up an email id for business inquiries. You also need a contact video rights marketplace for getting the license for your video.

Ways to grow your business on Youtube

Among all the social media platforms available for doing business, youtube stands out as the best among them. This is due to its vast user base and space where people spend numerous hours every day. It can work wonders for your content and make it popular and engaging.

Here are few tips for growing youtube channel swiftly:

1. Create content around one keyword, as it will help get good traffic and growth of audience on the channel. You may use keyword tools for finding high-ranking keywords. Also, optimise your title and description.
2. You don't always need to create new content; you can also offer a better knowledge of existing content. You may research blogs and other high-performing videos related to your small business ideas, then find ways to make them into trending videos.
3. Encourage social media interaction with your audience in the form of comments, likes, and shares. You may try to reply to as many comments as possible. For a small business, you can also hold live chat sessions to directly interact with the audience and keep them engaged.
4. Do branding of your youtube channel for improving its visual appeal and making it popular. It will also offer a professional appeal to your Youtube channel and make it unique.
5. Use attractive thumbnails for improving the CTR for your videos. Make your videos catchy, appealing, and engaging with engaging titles and pictures. Use extensive and highlighted text, unseen images, arrows, etc., which will lead to a high click-through-rate (CTR).
6. Upload more content on your new business ideas and a regular basis. Try to post content on say time and day, every week for keeping the audience updated about upcoming content. The consistency of the content is essential for keeping your audience engaged.

Create audience engagement by offering engaging content, and this will assist in increasing the number of followers. Thus, it will also advocate for your small business. You should be true to your brand and communicate it with your audience as well.

Also read:

1) How to Earn Money Online? Best Online Money Making Tips
2) What online business can I do to make money? Here are the top-6 ideas for you.
3) 3 Amazing Ways to Make Money Online in India
4) Best Ideas To Make Pocket Money For Students.
5) OkCredit: Simple, Paperless & Secure solution for businesses

FAQs

Q. Does YouTube pay every month?

Ans. Youtube majorly pays through ads. The time for payout varies over time, and there is no fixed amount you earn from your channel. You can get the payout monthly or yearly as per your choice.

Q. Do YouTubers pay tax in India?

Ans. Yes, the amount that the YouTubers get for their videos or their income from youtube is completely taxable, according to Indian income tax laws.

Q. How many views do you need on YouTube to make money?

Ans. For the YouTubers to get paid by YouTube, they need to obtain a minimum balance of $100 or more from views. For this, they need to attain 20,000 views as they get $5 per 1,000 views.

Q. Is making money on YouTube worth it?

Ans. Yes, YouTube is worth it. You need to find the most suitable monetisation strategy for your channel and type of content. It is the most popular and easy-to-use platform in the world.

Q. How long does it take for YouTube to approve monetisation 2020?

Ans. The approval for monetisation may take up to 30 days to review your channel and make payment. But you need to wait for an additional 30 days to apply again if it is denied.