7 Strategies to Earn Money on YouTube

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October 3, 2024

With the growth of the creator economy today, there are many lucrative ways to generate income on YouTube. Ad revenue, brand partnerships, selling merchandise, and fan subscriptions are just the few ways creators are making money.

YouTube offers a huge potential market due to its large viewership (precisely 47% of all internet users visit it monthly). Most creators have achieved financial success on this platform by building dedicated communities and delivering engaging content.

If you, too, can tap into your creativity and are willing to put in effort, you might be able to make money on YouTube. That said, check out the monetization options below to get started.

How to Make Money on YouTube

Earn a living as a creator! Learn how to cash in from your content on YouTube.

1. Join the YouTube Partner Program

The YouTube Partner Program (YPP) is essential for creators looking to monetize their content effectively. Building a strong subscriber base is crucial, as having at least 1,000 subscribers unlocks the ability to earn money through ads displayed on your videos. Once you reach this milestone, you’ll also need 4,000 watch hours in the past 12 months, but gaining subscribers is the first step toward monetization.

With the YPP, you can start generating ad revenue, which significantly boosts your income. To help you grow your subscriber count and reach the requirements faster, check out this article How to Get More YouTube Subscribers. A larger audience not only enhances your visibility but also makes you eligible for the YPP, allowing you to effectively monetize your content and make money on YouTube while maximizing your overall earnings.

2. Become an Affiliate Partner

Affiliate marketing on YouTube is about promoting products or services in your videos and getting commissions when people buy through your unique links. To start, you need to join affiliate programs that match what your channel talks about.

You will get unique links to share with your viewers. You can talk about the products during your videos. Then, put the links in the description part of your videos. Ask your viewers to look at the links in the description section for more details or special discounts.

But as you do this, make sure that you are transparent about your affiliate connections. That helps build trust with the people who follow you. And as we all know, people are more likely to buy things that creators they trust recommend.

3. Sell Products and Merch

Depending on what kind of content you make, there are different kinds of things you can sell that will match well with what your audience likes. For lifestyle or fashion channels, branded clothes like t-shirts, hats, and hoodies are great options.

Tech or educational channels, on the other hand, may sell digital things like e-books, online classes, or special tutorials. Customize merchandise to show your brand’s identity so it attracts your loyal fans.

By having special products, you can make the bond with your audience stronger and also generate additional income.

4. Start a Crowdfunding Campaign

Crowdfunding is another good way to collect money for special projects or receive constant help from your fans. Famous websites like Patreon and Kickstarter have a track record of several successful crowdfunding campaigns by YouTubers.

They let creators get money from supporters by giving special content or perks. To make your audience want to back your campaign, give them attractive rewards like behind-the-scenes stuff, personal mentions, or early-bird access to your new content.

Make clear what your objectives are and explain how the money will be used to benefit those who support you. Stay in touch with your audience by giving them updates on progress and showing gratitude for their help and loyalty to your channel.

5. Partner with Other Brands and Influencers

By teaming up with brands, you can create sponsored posts, showcase their products in your videos or join affiliate programs. To find possible partners, look for brands that work in the same niche or have the same audience as you.

When you approach them, present a clear plan that shows how both sides can benefit from working together. Connecting with others on social media, going to industry events, or using online platforms can help you make new contacts. Making real friendships with other creators and brands can result in good partnerships that boost your channel’s growth and income.

6. Earn Money through Fan Funding

6.1. Turn on Channel Memberships

YouTube Channel Memberships let fans support creators each month and get special rewards in return. Promote memberships by talking about the great benefits, like unique badges, fun emojis, and content only for members. To get more subscribers, give exciting bonuses and talk about these often in your videos and live streams. That will attract even more people to join you.

6.2. Offer Premium Content

Giving special content only to paying members can help make good money. Examples of this premium content are things like showing what happens behind the scenes, letting fans watch videos before anyone else, giving special lessons, or having Q&A sessions where you give personal answers. Providing such unique and valuable content encourages fans to support your channel financially.

6.3. Enable Super Chat and Stickers

YouTube Super Chat and stickers allow viewers to buy special messages and animated pictures during live streams. To make people use them more, talk with fans while you are streaming, thank them when they contribute, and create live shows that make people want to join in on the fun. Also, encouraging your fans to use these features before and during live events can make more people watch and help bring in more money.

7. Add Promo Links in your Video Descriptions

As mentioned earlier, adding promotional links in your video descriptions is another tactic you can use to make money on YouTube. With these links, you can boost the number of people visiting your website and increase your sales.

These links can take viewers to products, services, or extra content connected to what they see in the video. Just make sure you add them in a natural way; they match your video subject and give value to your viewers.

Use simple, interesting calls-to-action (CTAs) that encourage people to click, like “See our newest product here!” or “Find out more by visiting this link.” Put the most important links at the top of the description so everyone can see them easily.

Conclusion

Every person can earn money on YouTube if they work hard enough and stay consistent. But, to make sure that income becomes a steady and reliable revenue source, follow the 7 simple tips we’ve shared in this article.

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About the author

GeoSn0w

GeoSn0w is an iOS and Jailbreak enthusiast who has been around for quite some time in the community. He developed his own jailbreaks before and is currently maintaining iSecureOS, one of the first iOS Anti-Malware tools for jailbroken devices. He also runs the iDevice Central on YouTube with over 149.000 Subscribers!With over a decade of iOS jailbreak experience and several jailbreak tools built by him, GeoSn0w knows the jailbreak scene quite well having been part of several releases over the years.GeoSn0w is also a programmer focused primarily on iOS App Development and Embedded programming. He codes in Swift, Objective-C and C, but also does PHP on the side.