In the modern world, YouTube has become the most prominent platform for people to showcase their talent to the world and make a well-paying career out of it. Whether you want to be a musician or create your own documentaries, YouTube will help you make your content reach millions of viewers across the globe and make thousands of dollars at the same time.
Unfortunately, many people don’t know how to get started with YouTube monetization. To be honest, making money should not be your primary reason to start a YouTube channel. First and foremost, you’ll need to have an itch for creating high-quality content that captivates the viewers. If your content is top-notch, it’ll automatically help you get YouTube subscribers naturally.
However, once people have started to like your content there are a few tips that will make it easier to start with the monetization program on YouTube. In this guide, we’re going to familiarize you with such tricks so that you can also start making money from your YouTube channel.
Join the YouTube Partner Program
It’s no secret that the primary source to generate revenue on YouTube is through Ads. Once you’ve surpassed the 1,000 subscribers and 4,000 watching hours benchmark, you’ll be eligible to apply for YouTube monetization.
As a result, YouTube will start running Ads at the beginning of your videos and you’ll get paid according to how many viewers watch/click the Ad. This is the most common and probably the easiest way to earn money on YouTube. But, this will only work if you’ve already got 1,000 subscribers and 4,000 watching hours on your channel. If you have just launched your channel, you can either buy YouTube subscribers or wait until you reach this checkpoint.
Consider YouTube Premium
In the past few years, YouTube premium has become a popular revenue stream for YouTubers who don’t want to bombard their viewers with irrelevant Ads. If you sign up for the YouTube premium program, your viewers will be able to join a monthly subscription program where they can watch your videos without any interruption.
This is a great way to make money on YouTube and still deliver an Ad-free experience to your viewers. The best part is that you can earn revenue through YouTube premium and regular Ads (for non-subscribed users) simultaneously.
Start Selling Your Merchandise
If you really want to start YouTube as a career, it would be better to think beyond YouTube Ads. Of course, you can earn a decent amount by running Ads on your videos, but no one knows when YouTube’s algorithm might change and your steady income starts experiencing fluctuations. This is why it’s always a good strategy to run a secondary business outside YouTube.
If you’re looking for something simple, you can simply start selling merchandise. If you have a strong fan following on YouTube, you can create customized merchandise (clothing, mugs, bags, etc.) and sell it via an online store. Many big YouTubers including MKBHD, Logan Paul, Roman Atwood have made thousands of dollars over the years by selling merchandise.
LiveStream on YouTube
Live Streaming is yet another interesting way to generate revenue via YouTube. In the last two years, YouTube live streaming has become immensely popular so much so that even non-gaming channels have started to make money through livestreams. In this case, your viewers can pay you via Superchat.
Paying an amount will highlight their comment on top and you’ll be able to respond to it. You can also plug brand deals during your live streams. However, keep in mind that live streaming will only work if you already have thousands of subscribers. In case you don’t have enough subscribers, it would be better to first get instant YouTube subscribers and grow your viewership
The Bottom Line
In 2020, YouTube can be one of the most reliable platforms to utilize your talent and build an audience. The above-mentioned tricks will help you kickstart your YouTube career and turn it into a revenue stream. However, always remember that it’ll always be imperative to have different revenue streams (apart from YouTube Adsense) if you really want to become one of the richest YouTubers in the world.