How to Monetize Your YouTube Channel: Best Practices for Content Creators

How to Monetize Your YouTube Channel: Best Practices for Content Creators

You cannot ignore the fact that videos are the most engaging content type and Youtube is the biggest asset for that. The urge of people to invest their time in online video content has no limits. 

Youtube monetization is something that small to big brands should avail of without delay. But how to monetize your Youtube channel? The answer is quite simple. There is not just one way to monetize on Youtube. There are 10 different ways available to do so! Yes, you heard it right.

We will elaborate on these methods for you in the further sections so stay tuned! 

You might be unknown of the fact that the daily average viewership of Youtube is 2 billion. So Youtube stands second after Google on the list of most used search engines worldwide.

Youtube is not just fun but it is also rewarding. You will learn extensively about Youtube channel monetization if you are curious to take Youtube as an ultimate source of income.

Table of Contents

Ways to monetize Youtube channel

No.

Ways of monetization

Requirements

Earning potential

1.

Youtube Ads: Its one of the former ways of monetization on Youtube. You can use one or more videos for this type of monetization. Youtube also allows you to decide where to place the ads on your videos. In such a way, you will be generating a decent amount of revenue through ads in no time. 

  • Get associated with the Youtube Partner Program
  • Check and meets Youtube’s Ads friendly content guidelines
  • For a single view, you generate $3-$5
  • For 1000 views, $18

2.

Paid Sponsorships: Being a brand you collaborate with some other creator or sponsor them. In return, you get paid which means you can monetize your Youtube channel through it. Just find a suitable partner and sketch out all the details for the project. 

  • An established YouTube channel to pitch other YouTubers and influencers
  • Create a good portfolio including your Youtube analytics and engagement rate
  • For 1 million views, its $25,00
  • For 500,000 to 1 million, $1105
  • Average revenue generated is $16,234

3.

Affiliate Programs: You have to leave a product link with your videos when you are going for this type of youtube monetization. Affiliate programs are an easy way to get this done. Also, you have to persuade your followers to click on the link and purchase the product to claim the declared commission from the program you are a part of. 

  • Join a credible affiliate program like Amazon
  • Be clear in the instructions given to your followers
  • Generally, commissions range from 5% to 50% for every purchase made

4.

Channel Membership: Youtubers can procure this way by setting a fee amount for the membership by proposing deals like live chats and product waive-offs

  • Must have at least 1000 subscribers to use the method
  • Youtubers receive 60%-70% of the total amount of the revenue generated from channel membership

5.

Patronage: One of the widely used platforms for this is Patreon where the followers have to pay to be a member of a YouTuber’s Patreon. 

  • A good amount of loyal subscribers is necessary to produce the income
  • Youtubers get 20%-30% of the amount generated from Patreon

6.

Merchandise: If your Youtube channel has reached 10,000-11,000 followers then the merchandise is a good option to go for monetization on Youtube. Also if your brand has not a website yet then Youtube merchandise can be a suitable solution.

  • Must have 10,000 subscribers to get a merch shelf on your channel
  • Loyal followers on the channel are mandatory
  • For 6 pieces of merch, $70
  • Annual generated amount is $840

7.

Super Features: These Super chat, super stickers, and super thanks are paid features. It means your subscribers have to pay you to use these features on a live youtube stream. 

  • An established youtube channel with a decent subscriber base is important
  • Subscriber count is more than 10,000
  • You are above 18 years old
  • Different features require a variable amount to be paid that ranges from $1 to $500

8.

Youtube Shorts Fund: Youtube has its own shorts reserve of 100 million for the creators. You can easily use Youtube shorts to grow your Youtube channel and start making money from these. 

  • Completely learn about the eligibility criteria given by youtube to join this fun
  • The revenue depends on the amount of engagement and ranges from $100 to $10,000

9.

Youtube Premium: It is another subscription method that allows you to produce a decent income through your premium subscribers. Youtube premium works similarly to ads. 

  • Become a member of Youtube premium to avail of this youtube monetization method
  • Creator is an adult
  • $2 monthly is given to the Youtubers present on  Youtube Premium

10.

Youtube Brandconnect: It is a mutual way of connecting brands with Youtubers for successful product campaigns through influencer marketing. 

  • The Youtubers have to be located in the USA, UK, and Canada
  • Creator is above 18 years old
  • No community guidelines received
  • $11-$70 on average for the creators who are a part of Youtube brand connect

How to monetize your Youtube channel?

  • Become a part of the Youtube Partner Program in the first place, to begin with, monetization on Youtube. It will allow you to leverage different ways by which monetization becomes fun and easy.
  • Once you have joined the Youtube Partner Program then it’s time to choose from all the possible ways for Youtube channel monetization
  • For making the most of Youtube content creation, you can learn about being a Youtuber through a step-by-step guide that will also help in effortless Youtube monetization. 
  • After joining the Youtube Partner Program, sign into your Youtube account.
  • Check the left menu and tap an option that says ‘ Earn’.
  • Now it’s time to tap “Get started” which will allow you to review all the earning modules present on the page and you can also choose among them as per your preference. 

By far, you already know how to monetize your Youtube channel. After this, we are going to look deeper into further aspects of how to monetize Youtube in the next sections. 

When can you start to monetize your Youtube channel?

It is a common question that pops up in the mind of every other Youtuber. How can I monetize my Youtube channel? For that, you need to gain 1,000 subscribers. One major condition that implies Youtube channel monetization is joining the Youtube Partner Program. Also, your Youtube channel must be having 3000-4000 watch hours persisting for the last 10-12 months. 

What are the requirements to monetize Youtube?

  • Check and keep in mind the Youtube channel monetization guidelines and policies. 
  • You must be residing in the region where Youtube Partner Program is working.
  • There should be not a single community guideline strike on your channel.
  • You also need to turn on the 2-step verification on your Google account for hustle-free monetization.
  • Your Youtube channel must be linked with a Google Adsense account and if not then you can create one by going to Youtube Studio. 
  • The creator must be an adult.

How can I monetize my Youtube channel fast?

  • Make sure you are uploading quality content on Youtube. 
  • Never forget to optimize your Youtube videos to improve their ranking on the platform.
  • Include suitable keywords in your video descriptions that will also boost your rankings and invite more people to your platform thus increasing your chances of growing a huge audience that helps in quick monetization.
  • Put forward exceptional video thumbnails. You can make your Youtube thumbnail pop so that it draws the attention of more people. 
  • Developing playlists is also a healthy way for fast Youtube channel monetization because these provide your subscribers with ease. They don’t get confused between streams of different video niches on your channel. 

Some solid ways for Youtubers to make more money

  • Consistency is the key that leads you to monetization in no time.
  • Focus on your audience and know what they want so that you secure a soft spot in their hearts that eventually rewards you with Youtube revenue.
  • Don’t rely on one way for monetization on Youtube instead make sure you explore all of them one after the other. 
  • Become a community hero through your Youtube content so that your audience can happily invest in you thus allowing you to make more money. 
  • Keep looking for new ways and updates on how to monetize your Youtube channel to not miss out on any big opportunity for maximizing your revenue. 

Summing It Up

There is no doubt that opportunities with Youtube are endless. It has supported millions of Youtubers to set up their career through fun content. However, the essence of this discussion lies in the fact that what is your take on how to monetize your Youtube channel? 

We have provided you with tons of ways to do so. The rest is up to you to choose the best possible option from them. You are allowed to implement more than one monetization method as well.

For seamless Youtube monetization, you need phenomenal videos. If you are planning to hire a video-creating agency then editvideo.io is what you are looking for. They are experts in video editing as well. You can leave it all to the experts here who will help you amplify your brand’s message, making your videos perceivable and straightforward without compromising the fun. Schedule a call with us so that you can concentrate on your marketing strategy and improve your ratings online! 

FAQs

Is it hard to monetize YouTube?

It is not hard but it is not straightforward at the same time. You must develop a strong audience and invest your time and energy in quality content that can take months and even years.

I have a monetized icon on my videos, but it’s a yellow dollar sign, not a green one. What does that mean?

It is because Youtube analyzes your videos on the basis of its advertisement-friendly content guidelines.

How much does YouTube pay for 1,000 views?

You can make $5 to $18 per 1,000 views on Youtube videos.

Do you need 1000 subscribers on YouTube to get paid?

Yes, 1,000 subscribers and 4000 watch hours are important to join Youtube Partner Program that helps you with monetization.

Can I monetize a 1-minute video on YouTube?

There is no restriction on the video length. You can monetize a 1-minute video if it does not violate the monetization guidelines from Youtube.

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