Making money from YouTube is very possible as long as you are uploading great content, engaging people and garnering many views, this gives you the opportunity to earning a share of advertising revenue from the YouTube platform. Now, content creators have access to multiple ways to monetize their content. additionally to advertising, this will include corporate sponsorships from a serious brand, fan funding or merchandise sales.
KEY TAKEAWAYS
Content creators are able to join the YouTube Partner program once they have accumulated 1,000 subscribers and 4,000 hours of watch time.
This gives creators access to monetization features like advertising, fan funding and merchandise sales.
Top YouTube stars make on the brink of $20 million a year. However, most make far less or nothing in the least .
Google Ads
The first step to creating money on YouTube is to hitch the YouTube Partner program. Partnership gives content creators access to special tools, like the power to monetize their videos via Google Adsense. To qualify, content creators must have a minimum of 1,000 subscribers and 4,000 hours of accumulated watch time over the prior 12-month period.
YouTube monetizes videos via pre-roll, display and other advertising formats. Advertisers pay supported clicks and impressions. YouTube usually pays the content creator up to 55% of the revenue coming in and takes 45% for itself. Content creators must adhere to advertising guidelines. Content that contains foul language, adult content, violence and other subjects won't have ads placed against them. this will include discussion of sensitive news events, like the coronavirus pandemic.
Brand Sponsorship
One lucrative sort of advertising is brand sponsorship, also known within the digital marketing world as "influencer marketing." a corporation can pay a content creator to market a brand or product within a video. for instance , early in her YouTube career, Michelle Phan drew the eye of cosmetics brand Lancôme together with her popular make-up tutorials.
Fan Funding
Another popular thanks to monetize a channel is thru channel memberships. YouTube partners who have reached 30,000 subscribers can enable this monetization feature on their account. Third-party services like Patreon also help video creators to monetize their fan base via monthly memberships. Top video creators earn the maximum amount as $40,000 per month from fan support.
Merchandise Sales
YouTube partners even have the power to sell out to 12 items of merchandise to their audience by enabling this feature in their account. Jeffree Starr has made millions selling lipstick, highlighters and eye shadow palettes to his fans.
YouTube Best Practices
To increase their chance of attracting an outsized follower base, creators should follow established YouTube best practices. one among the foremost fundamental best practices is to make rich, engaging content. Viewers come to YouTube looking to either be entertained or for an answer to a drag they face.
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