How YouTube Creators Make Money: A Complete Guide
Earning money digitally is on-trend. Almost everyone wants to make money through YouTube. However, only a handful of people know how YouTube creators work to generate revenue. Don’t bother, if you are one of them. In this article, we will discuss all the scenarios of how YouTubers make money through YouTube.
What type of niche should be perfect?
Before creating a YouTube channel, one needed to choose a particular niche. This is one of the crucial and difficult tasks to think about. Though it should be one in which you have abundant knowledge and also you can teach your audience about it. And you should be damn sure that you can produce engaging and entertaining content on the following niche to lure the targeted audiences. This is the first and major step to be fulfilled. Now, you are ready to know how to create money using YouTube. Keep reading to know!
5 Top paid YouTubers across the world
- Ryan’s World- $22 million
- Jake Paul- $21.5 million
- Dude Perfect- $20 million
- DanTDM- $18.5 million
- Jeffree Star- $18 million
This list is impressive enough to inject curiosity inside you and now your inner soul also wants to know how YouTubers are earning such a great amount.
How YouTubers make money?
Do you want to know how content creators make money? But before, you should know under what conditions YouTube monetizes creators’ channels? When they garner 4000 hours of watch time and more than 1000 subscribers. In today’s die-hard competition, many YouTubers are often employing a digital marketing company in Amritsar to procure monetizing conditions of YouTube.
Steps to monetizing your channel:
- Sign in to your YouTube channel
- Click on “YouTube Studio” available at the right top
- Go to the left menu
- Click on “Other Features” and then, “Monetization”
- Read all the terms and conditions portrayed
- Create an AdSense account and merge it to your channel to get paid.
YouTube furnishes various ways for YouTubers to earn money:
- Google Ads
- Fan Funding
- Affiliate marketing
1. Google Ads:
Firstly, YouTubers joined the YouTube Partner Program. Then, the platform will assess their channel’s content and niche. Besides, it also checks whether an applicant has garnered 1000 subscribers and 4000 watch time in the past 12 months. Then, only the channel will be monetized and eligible for Google advertisements.
YouTube disburses 55% of shares to content creators and keeps the rest of the shares itself generated by the advertisements.
However, YouTubers must follow the guidelines to get regular advertisements. The more they get the advertisements the more they will earn. Content creators must avoid pornography, vulgar language, violence, and other malign things. If YouTube finds that anyone is violating the terms and conditions then, it may demonetize the particular channel.
YouTube partners can merchandise up to 12 products. The owner of the channel can merchandise any product to his audiences. For the best response, the owner of the channel should always form and attract tremendous audiences before merchandising.
Many YouTubers are generating millions by selling multiple products on their channels.
When the content creators have everything in their hands except the money then crowdfunding is the best choice. It will not only help them to publish the desired content but also get them an altruistic community. If you are unable to find such communities then you may contact various websites like Ketto, Milaap, Kickstarter, etc. for the same.
Though one’s content should be compelling and engaging enough to get abundant crowdfunding.
4. Fan Funding:
YouTubers can ask for financial help from their audiences. It is 100% authentic. Your audiences are your fans and asking for funds from your fans called fan funding. Or we can also say that if your fans are funding your YouTube channel then it is said to be fan funding.
For example, if your niche is education hence, you are nourishing your audiences’ minds. But to keep this thing continuing, you need money. In this case, you can ask your audience to buy your exclusive courses which have been practiced by many YouTubers.
To garner large amounts from fan funding, you should unveil the information that how your audiences could pay and how their precious money will be used. Additionally, you should also tell them what more they will get if they invest in it.
How to get money from fans?
Although there are various platforms available in the market that allows fans to donate money to YouTube creators. Some of the famous platforms are:
- YouTube’s Super Chat
5. Affiliate marketing
Affiliate marketing is one of the trending ones used by brands. Youtubers are making huge money through it.
Content creators just need to promote brands’ products on their channel. For example, a Youtuber can make a video on any product to give his feedback about the product. His followers will watch the video and end up buying the product. When any of his followers buy the product, the brand will pay a commission to the creator.
Some YouTubers portray their content according to the brands’ products or services so that they can mention it (product or services) in the middle of their video. That promptly proved profitable for both- client and YouTuber.