5 Best Ways To Make Money On YouTube

How do you make money on YouTube? That's the burning question that everyone is asking, but luckily, it's super easy and difficult at the same time. What we mean by this is that you very easily setup your YouTube for monetization, but actually earning a living wage off of it is a very difficult and long process. To make money off of YouTube, you need subscribers, and you need a lot of people watching your videos. The more people you have watching your videos, the more opportunity you'll have to make money.

If you follow along below, we'll show you the five different methods that will help you make money on YouTube.

Advertisements

First up, advertisements are a great way to make money with YouTube. Once you sign up for Google Adsense and turn monetization on within your YouTube account, you can start earning revenue from a CPM model. This will give you advertiser money per 1000 impressions. We don't know how much that advertiser money is, as it does depend on what each advertiser wants to spend. But, if you get enough YouTube viewers, you can actually make a substantial amount of cash. For example, a $10 CPM could net you $100 per 10,000 impressions your advertisement gets.

Unfortunately, ad blocker extensions can ruin your revenue, but their are a lot of people turning off their ad blocker for the websites and creators that they want to support. Some people will even donate to their favorite creators instead of disabling their ad blocker, which will give you a little bit more money than what you'd get for that single advertisement view.

You can also consider making YouTube Red-specific content, which will give you a whole lot more money than exclusively advertising will.

Sponsorships

If you get enough viewers, you can consider taking on sponsorships as well. A sponsorship is when you partner with a company to get their product in front of your viewers' eyes. Depending on the amount of viewers you have, the company will pay you a fairly decent amount of money, especially if you can get your subscribers into the millions. That's pretty rare, but it's not impossible — it takes a lot of dedication and hard work. There are some YouTubers who make a hundred thousand or more per year just off of sponsorships. Keep in mind that you'll want to find a decent balance for sponsorships, as you don't want to spam your viewers, either.

Affiliate Programs

You can also earn money off of YouTube through affiliate programs. If you're on YouTube, you can advertise your favorite products in your videos, and include, say, an Amazon link in the description with your affiliate marketers code. That said, you'll earn a little bit of money for every person that purchases the product  by clicking the link in your YouTube description. You can do this for Amazon, as well as other websites, to maximize your revenue potential.

Dedication

Of course, we cannot stress how much dedication and hard work plays into your earning potential as a YouTuber. It is extremely difficult to get noticed as a YouTuber, and nothing will help you more than sticking with it, even when you're feeling discouraged. You may only get a couple of views per video, but if you keep up with it, eventually your channel will grow — you just have to stay with it. If you really want to be dedicated, you might want to consider doing Twitch and YouTube at the same time, and try to funnel viewers between platforms to increase your earning potential.

Great Content

Last, but certainly not least, you also need to have great content. One of the things that all YouTubers stress is that viewers can see through you faking it. If you don't love what you're doing, you're probably not going to be very successful at it. You need to care about what you're doing, care about the viewers, and be able to put your heart and soul in the content that you curate. If you don't, you're going to have a hard time gaining subscribers, and thus, a hard time making revenue off of your channel.

Verdict

As you can see, it's extremely hard work to make YouTube a profitable platform for yourself. It'll take thousands of hours, as entrepreneurship of all kinds always takes. But, if you stick with it, you could soon be earning at least close to a hundred thousand per year in revenue — but if you quit, you'll never find that out.

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13 Underground Strategies to Make Money From the Comfort Of Your Home

1. Write for Medium's Partnership program:

Probably the easiest way to get up and running with making money online. Medium's Partnership Program encourages writers just like you to write content that is going to help the world. Content is King (with a captial "K") here. Only the best content that scales the algorithm through user engagement will yield higher payouts.

2. The Quora Partner Program:

Again, similarly to the aforementioned endeavor, the Quora Partnership Program encourages people to generating the best transformative questions for the world by paying the participants.

3. Affiliate partnerships: Photo by rawpixel

One of the easiest ways to make money from the comfort of your home. Affiliate partnerships are partnerships with companies that pay you to be a promoter of their service/product.

Probably the biggest here is with Amazon. Do you run a successful photography blog and know you'd love to recommend some camera equipment to your audience?

Signing up for Amazon's partnership program is free and will grant you commissions on every sale through your unique link.

4. Ghostwriting for a company:

After the decision to just sit my ass down and write, a buzz about this decision began to grow within my network. Through word-of-mouth (though sites like Fiverr and Upwork also work) I was able to secure two ghostwriting jobs that have yielded me thousands of extra dollars.

Some of the jobs have amortized me out at a pay rate of $100/hour. That's unbelievably invaluable work for a considerably low amount of time and effort. Ghostwriting even lead me to having my work published on Forbes!

5. Miscellaneous freelancing:

I like to consider myself a visual artist. However, I believe my talents are suited for words.

However, I know plenty of friends who are making part-time and full-time incomes with freelancing. Whether it be graphic design, copywriting, motion picture effects etc, there are limitless possibilities.

6. Online coaching: Photo by Kristopher Roller

Have you been persuaded to join a free webinar? I know I have. What the creators of the free webinar don't always want you to be aware of is the pitch that will come at the end.

Why? Because the webinar is only a small taste of the real service that is going to come — and that service always brings in the dollars. Marketers who run these webinars know they will only get a small percentage of people to sign up, however, those small people are going to open up their wallets.

Let's say the free webinar brings in 100 people and 10% pay for the service at $200. That's $2,000 for about an hour's worth of work.

7. Sell advertising on your Youtube channel:

While I don't have first hand experience in this realm, I know it's possible to bring in side-cash through Youtube advertising.

According to BusinessInsider a user can bring in $2,000 for every million views of their content with advertising, not the best revenue model, however it tees us up for the next option.

8. Sell affiliates through Youtube:

Similar to the earlier mentioned option, affiliate through Youtube helps bring in the bucks. If you have a modest channel of about 1,000 people you can still bring in money through advertising products you have an affiliate partnership with through your content.

9. Payments through Patreon or other donation services:

If you have a loyal following, often times that audience will open up their wallets and offer donations in support.

Patreon can be used in conjunction with a Youtube channel as well as a blog. According to Patreon the average creator with a following of 30,000 subscribers can make $315 on the low end and $1575 on the high end in terms of a monthly income (source).

10. Write and publish a kindle book: Photo by Kinga Cichewicz

Did you know that one of the best-selling books of the last 10 years started as a digital download? Fifty Shades of Greywas first written as a fan-fiction response to Twilight and before being published as a paperback was downloaded millions of times through Kindle making it a virtual-overnight success.

While your results probably won't achieve as such, if you have a viable audience already that will purchase and download your ebook, you have a goldmine waiting for you.

11. Start a Shopify ecommerce store:

Internet entrepreneur, comedian and personal friend of mine Jordan Kay had an idea one night when thinking about going to a sports game. She didn't like either of the teams and felt left out with everyone else wearing team-affiliate garb.

She had an idea of a hat she wanted to make. On the hat read, "Here for Beer" and it became a popular seller on her Shopify page. With zero inventory and little upstart financing you can turn your idea into reality with drop shipping and an ecommerce store.

12. Create a store on Etsy:

Creating a store on Etsy is similar to an ecommerce store with Shopify, however you are responsible for the inventory. This is more geared for individuals/business owners who are extremely passionate and knowledgable about the product they are selling. Another entrepreneur I know, Gabby, sells her hand made jewelry on Etsy and it makes a nice side-hustle for her.

13. Sell your old things from an eBay store:

Unless you have the bandwidth to turn this venture into a full-time gig by "flipping" items you go out and find, this is a temporary venture. Instead of going through your closest and throwing out or donating your old clothes, sell them on eBay. Heck, in Los Angeles, 90s vintage clothing is all the rage (and I know it's not the only city). This is PERFECT for the Millennial generation to capitalize on all those old threads we don't wear anymore that our parents just didn't have the time or wherewithal to throw out.

This is only the tip of the iceberg in terms of opportunities you have at your disposal to bring in side money or turn your life around.

So many people are in search for freedom. That could be:

Freedom of expression.

Freedom to live where they want.

Freedom from financial pressures.

Freedom to pursue what makes them happy

The internet is a gift and a tool to help you get there.

And you should try as hard as you possibly can to get there.

Because the world needs it now.

The world needs you now, more than ever. We need your gifts. We need your unique voice. We need your creativity.

So unshackle yourself to the rigmarole of a trapped and unfulfilling life and step into your power.

This story is published in The Startup, Medium's largest entrepreneurship publication followed by +431,678 people. Subscribe to receive our top stories here.

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Meet Auburn grad Caleb Hyles, YouTube’s rising cover song superstar

Three years and 100 million or so views ago, Montgomery native and 2016 Auburn media studies grad Caleb Hyles decided to see what he could doâ€"to test the limits and break through. So he started posting videos of himself singing cover songs from cartoons and Disney movies in the corner of his home office full-time. It worked.

Thank God for that "Frozen" song.

That's still his biggestâ€""Let It Go." It hasn't made him a dime, not directly; you can't earn anything from covers if you're just singing along with the official soundtrack. But it definitely made his career.

He posted it on Jan. 24, 2014, halfway through what he thought would be his senior year of college. It's just him and a mic in a darkened room somewhere in Auburn. It was Friday. By the end of the weekend, it was pushing 500,000 views.

Going viral was practically guaranteed, of course. Here was a dudeâ€"pitch perfectly, and without going falsettoâ€"hitting the song’s impossibly high notes, something not even Broadway legend and “Frozen” songstress Idina Menzel could pull off that New Year’s Eve. Three weeks later, Time Magazine put it fifth on its list of the Best 11 “Let It Go” coversâ€"the highest spot for a video that had someone actually singing the song rather than just playing it on the piano or something. Entertainment Weekly had it at 7th. People Magazine put it 13th on a list of the 35 best “Let It Go” parodies. (It’s not a parody. It’s amazing.)

A couple of months back, on its five-year anniversary, the view count for "Let It Go - Male Vocal Cover - Frozen (Soundtrack)" stood at 11.5 million. The thing has 22,000 comments. The one that Hyles pinned to the top of the column came fairly early on. It's from 7-million subscriber YouTube superstar Tyler Oakley (and it has more than 4,000 likes of its own).

"HOLY FRICK FRACK GOOD LORD YES THIS IS EVERYTHING."

"I'd been doing YouTube since 2006," says Hyles, who now lives in Fort Worth, Texas. "I'd post videos with my brother of us singing songs. But when the whole 'Let It Go' thing happened, I started caring even more than I already did."

He kept putting out videos. He took a break from school, but came back and eventually graduated. He kept putting out videos. He took a job with Auburn Athletics' video production team, War Eagle Productions. He got married. He kept putting out videos. His stats kept climbing. More and more money kept coming and coming. He kept singing. He kept putting out videos. The big song from "Mulan," Pokemon songs, Fall Out Boy tracks....

Pretty soon, it actually seemed possible.

"Back in Auburn, I was just keeping a keen eye on the finances," Hyles says. "Just seeing, OK, do we (he and wife Kara) have enough to put aside to save money, are we outpacing our bills. I was working at War Eagle Productions all while still doing YouTube, but YouTube started outpacing all that and so we eventually just pulled the trigger."

Bull’s-eye.

Not only was the money from YouTube going farther than his paycheck, he was actually outperforming his employer.

The only video with more than a million views on Auburn Athletics' official YouTube channel is the Kick Six. Hyles, meanwhile, has a whopping 48 videos with more than a million views, four of them (including a "Prince of Egypt" cover, no less) more popular than Auburn's official tribute to the greatest play in football history.

Auburn's total view count is at 29,333,576.

Hyles? 184,308,920.

Auburn Athletics' official YouTube channel has 38,998 subscribers.

In the next few monthsâ€"it'll probably be sometime in Mayâ€"the UPS truck will pull up with a plaque from YouTube celebrating his 1 millionth subscriber. (One of his current 968,175 recognized him at Wendy's the other day; when he posted “Let It Go,” he’d just celebrated his 1 thousandth.)

He’ll be at least the third Auburn alum to receive the big golden play button. Over the past decade, several former Tigers have struck social media gold, most notably Ricky Dillion and Megan McCarthy, who between them have nearly 6 million YouTube subscribers.

Of course, following social celebrity best practices, Hyles quickly diversified his brand's portfolio. YouTube remains the cash cow, but there's plenty of cash calves out there.

His Spotify stats? 308,538 monthly listeners. Some songs have thousands of plays. Some have millions. Even with conservative streaming royalties--even with performing rights organizations taking their cut--that adds up fast. Ditto the download revenue from iTunes and such. Then there's Apple Music, Google Play…

Companies also occasionally pay him to showcase their products for his 23,000 Instagram followers; he most recently did something for Kodiak pancake mix.

He also sells shirts and mugs and stuff, most bearing the slogan “Peace, Love and Metal.” Then there are the crowd-funding sites like Ko-fi andâ€"the big oneâ€"Patreon. Ko-fi is good for sporadic $3 pick-me-ups throughout the day, but the yearly earnings from his Patreon patrons alone are probably pushing media studies major starting salary levels. He’s up to $499â€"not per month, per video. He puts out a video every week.

Let the storm rage on.

“This is pretty much our livelihood,” Hyles says. “It’s our main source of income. My wife helps me work on it as well, so pretty much our full-time job is YouTube. Job-wise, we don’t do anything else.”

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Create a YouTube Channel That Helps Your Small Business Make Money

You're a star, baby! The camera loves you – and your business.

If you want to make your small business famous – YouTube famous – now is a good time to start.

According to Brandwatch, "among millennials, YouTube accounts for two-thirds of the premium online video watched across devices," but they also see that only "9% of U.S small businesses use Youtube."

In order to bridge the gap, and start using video content to your advantage, it's time to get your business on YouTube. Create a channel homepage that reflects your brand, release videos on a routine basis, and listen to your viewers to make your videos better.

With the right strategy, YouTube can be a powerful channel to attract new customers, and drive them to make a purchase on your website.

Showcase your brand consistently

Before you create a YouTube channel, you need to set a goal. While it would be nice to get famous for your videos, that shouldn't be the focus. Instead, use YouTube as another marketing channel that contributes to your overall marketing strategy. The focus should be to attract customers, and drive them to your business website.

Once you've signed up for YouTube, make your channel homepage match the branding of your website, and all other marketing channels, like email marketing. Match your brand colors and use the same style of photos on the header image that you use on your website. Once you pick a video concept, like an educational series or customer testimonials, stick to that concept so your audience knows what to expect when they land on your channel.

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Release videos on a consistent basis

Just like using a consistent video framework to keep your viewers interested, you should also release videos consistently. Choose one day of the week, say Tuesday, and then release videos every Tuesday. If you can only create a video once a month, make sure the quality is high enough that customers want to watch it, and also share it with their friends. Send an email to viewers, and your email list, each time you release a new video.

If your viewers are watching your video each Tuesday, that means potential customers are thinking about your business every week, giving you a window of opportunity to promote your products or services. Use the same calls-to-action in your videos that use in your marketing campaigns to drive the message home. That repetition may be all you need to change a viewer into a customer.

Listen to your viewers (at least most of them)

YouTube comments are famous for being nasty, but there still may be useful criticism that can help your videos get better. Plus, answering comments and having conversations shows the real person behind the business, helping customers build a relationship with you. You may even see some positive feedback that inspires you to keep going.

If your videos speak to potential customers, because you're using their feedback to make them better, they're more likely to share your content with friends, growing your audience. Using customer feedback and showing your customers that you value their opinion also makes it more likely for them to support your business.

Don't rely on YouTube for all your revenue

While there are a few millionaires on YouTube, your goal should not be to use YouTube as a source of revenue. Instead, think of it as an acquisition channel. It's also another place to showcase your brand, so if you have apparel with your logo on it, make sure to wear it in the videos. Then, offer customers the chance to purchase that same apparel, by following a link back to your website.

Cross-promote your YouTube videos on your website, showcase them in blog posts, and partner with other brands, both to feature other people in your videos and to be featured in partner videos. As your videos stack up, so does your average view count, and your potential audience size grows. When viewers spend more time with your brand, they see your products more often, and your chance of making a sale increases.

Add a YouTube revenue stream to your small business strategy

You don't have to be a celebrity to build a YouTube following for your small business. If you want to make your small business YouTube famous, start by creating a channel homepage that reflects your brand, release quality videos consistently, and make sure to listen to your viewers so you can create videos they want to watch. More customers are watching video than ever before. It's time to get your small business into the spotlight.

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How to make money from YouTube: A 7-year-old boy shows the way by earning ₹155 crore

New Delhi: A seven-year-old American boy has topped the list of highest-earning YouTubers by earning $22 million from June 2017 to June 2018. Ryan is the top earner on the Forbes' list of 'Highest-Paid YouTube Stars 2018' with earnings from his channel 'Ryan ToysReview', which has more than 17 million followers.

The seven-year-old's YouTube videos serve as reviews for new toys and viewers comprise mostly of users his age. Like most children, Ryan's favourites include Legos, trains and cars but his enthusiasm for new toys has earned him $22 million, which translates to about Rs154.84 crore. His earnings for the review period have doubled compared to 2017 when he was placed eighth on the list.

Here are top six highest-earning YouTubers of 2018 and how they make money:

1) Ryan ToysReview — Since the launch of Ryan's main channel, Ryan ToysReview, in 2015, he has amassed more than 17 million followers and close to 26 billion views.

2) Jake Paul — $21.5 million: The younger brother of controversial YouTube star Logan Paul, who is no 10 on the list, has made additional income from his merchandise business. He had more than 3.5 billion views of his rap songs and pranks.

3) Dude Perfect — $20 million: It is an American five-man sports entertainment crew. The group consists of twins Coby and Cory Cotton, Garrett Hilbert, Cody Jones, and Tyler Toney, who film themselves performing extraordinary sporting tricks.

4) DanTDM — $18.5 million: He was the first on the 'Highest-Paid YouTube Stars 2017' list with an earning of $16.5 million. Daniel Middleton, a Minecraft gamer, has more than 20.7 million followers. He also sells merchandise including baseball caps and hoodies.

5) Jeffree Star — $18 million: He is a makeup artist, who made $18 million in 2018. Star is also founder and owner of Jeffree Star Cosmetics. Not only on YouTube, Star was also one of the most followed people on MySpace. His company makes an estimated $100 million annually, selling eyeshadow, lipstick and highlighters.

6) Markiplier — $17.5 million: He has been known for his sensationalized video game commentary. The 29-year-old describes himself as 'Professional Screamer' on his Twitter bio, which has more than 11 million followers. Till August, Markiplier had over 10 billion total video views and 22 million subscribers on YouTube.

The Forbes magazine has measured YouTubers' earnings from 1 June 2017 to 1 June 2018, without deducting fees for agents, managers and lawyers.

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Change Your Screen Habits From Time-Wasting to Money-Saving

[unable to retrieve full-text content]If you find yourself wasting too much of your day on your phone or tablet, here are some ideas for how to use your time and devices for something more productive - like saving money ... three to four ...

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YouTube to ban comments on kids videos

© PA Wire/PA Images (John Stillwell/PA)

YouTube is to ban comments from videos featuring children.

The move was announced as part of an effort to crack down on "predatory behaviour" targeting children on the world's most used video site.

It comes after persistent reports of paedophile comments being openly left within comments sections of videos featuring children.

"Over the past week, we disabled comments from tens of millions of videos that could be subject to predatory behaviour," a post on YouTube's administrator site said. "These efforts are focused on videos featuring young minors and we will continue to identify videos at risk over the next few months."

The online platform, which has billions of video views on a weekly basis, will roll the measure out more fully to all videos "featuring young minors and videos featuring older minors that could be at risk of attracting predatory behaviour".

The subsidiary of Google is also to incorporate a more advanced algorithm that will let it automatically "identify and remove predatory comments" and will be "more sweeping in scope."

The tech giant believes that this will result in up to twice as many predatory comments from individuals being caught.

"No form of content that endangers minors is acceptable on YouTube, which is why we have terminated certain channels that attempt to endanger children in any way," said the company post. "Videos encouraging harmful and dangerous challenges targeting any audience are also clearly against our policies."

YouTube's move comes after Irish authorities look likely to scale back their warnings about the so-called 'Momo' meme that was alleged to be scaring children. While officials from schools and police forces issued warnings about the internet-based meme over the last week, there has been little evidence of its existence, leading many commentators to decry it as a hoax.

"Nothing is more important to us than ensuring the safety of young people on the platform," said Susan Wojcicki, YouTube's chief executive.

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