7 Simple Ways To Make Money On YouTube In 2020

how to make money on YouTube

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If you want to make money online, becoming a YouTuber is a great choice! With more than a billion monthly active users, YouTube is the second most popular social media platform. 

Besides this, 500 hours of video are uploaded to it every minute, which means 720,000 hours of video uploaded every day. And, with every 1000 views, you can earn an approximate revenue of $3 to $10. If you earn more views on your videos, it can give you a decent amount of money.

If this data fascinates you, read on to know how to make money on YouTube in seven simple ways. 

How To Make Money On YouTube?

Though it’s possible to make significant money on YouTube as a content creator, it isn’t the easiest! As a large number of YouTubers have already established their identity in this popular video landscape, the competition may be a bit hard. 

But don’t worry! Here, we are going to tell you seven effective ways to consider to boost your YouTube earning potential-

Join the YouTube Partner Program

With the YouTube Partner program, the YouTubers get access to the advanced features of the platform. Though it isn’t necessary to become a YouTube partner, becoming the one opens a gateway to multiple income streams like YouTube Premium Subscription Fees. 

Here are the steps to get started-

  • Start your YouTube channel.
  • Make your YouTube channel successful enough to meet the eligibility criteria for joining the YouTube Partner program. 
  • Apply for the AdSense account.
  • Explore the different monetization features such as merchandise shelves, channel memberships, super chat payments, etc.
YouTube Partner Program

Employ The Best YouTube Marketing Tools

As your application for the AdSense gets approved, you are all set to dive into the best YouTube marketing tools. Some of the most preferred tools are:

Evernote                      

You have to talk a lot about your videos, and there might be mistakes. You can use Evernote for your speeches and jot down all the important points with detail.

Social Media Campaign

To make your videos go viral or increase the YouTube views, consider sharing your videos on all the social media platforms. Though it may not be possible to do it manually every time, you can use ‘Buffer’ to schedule the sharing for a week.

Google Keyword Planner

Along with high-quality content, ensuring that your video searches are gaining good ranks is also essential to make money on YouTube. This tool will suggest you the keywords that most of the users are searching for. When these keywords are used in your videos, it may drive the traffic to your channel. 

Create Some Sponsored Content

You don’t always need to be on Instagram to become an influencer. If you can provide the brands with a large audience, and your content is relevant to their target niche, they always want to hear from you. 

So, the next step on how to make money on YouTube is to negotiate with the brands directly. Here are some steps to get started with creating sponsored content-

Find A Brand You Wish To Partner With

When it comes to choosing the partners you want to work with, you might have a list of your dream brands. Whatever partner you choose, craft the pitches thoughtfully and tailor them for the specific brand. Sign up for the Influencer Marketing platform to find the appropriate influencers to work with.

Fix The Deal

YouTube videos are the most expensive sponsored content brands you buy from the leading influencers. As videos are a bit expensive to produce, the YouTube influencers charge more for them. 

Though your rate may vary depending upon the relevance to your partner, audience’s size, etc., know your worth before signing the contract.

Sell Your Products On YouTube

Selling your merchandise is a great way to earn revenue on YouTube. Stat with advertising one or two items, and make sure to engage the fans in the decision-making process. You can create a buzz by offering them one or two off-products.

You can also use a shelf-feature to sell your channels’ merchandise. Promoting your product in the videos is another great marketing strategy. Feature your viewers who have bought your product or promote the user-generated content.

Don’t forget to add the store’s link to your video’s description and compelling ‘calls to action.’ 

Create Your Own Web TV Shows

If you love telling stories, YouTube enables you to create a series of your own Web TV shows. You can create talk shows, drama series, comedy series, dance series, weekly debates, and much more! 

Just pick a niche and explore it. But, YouTube has a policy that limits the length of uploading the video to 15 minutes. However, you can increase the limit and post longer videos. 

Turn Your Pet Or Kid Into A YouTube Star And Make Money

Do you remember the videos of Lil Bub and Grumpy Cat that started on YouTube and went viral? Or, you must have seen heartwarming kids videos that make big bucks. 

What this entails is that you don’t need to be a singer, dancer, comedian, or entrepreneur to become a well-known YouTube personality. One creative way to make money on YouTube is to upload the cute videos of your pet or child.

Such content might create the next video sensation and make you get more YouTube subscribers

Become An Affiliate Marketer

‘Affiliate Marketing’ or selling others’ products in exchange for some commission is a smart way to earn money on YouTube. Hundreds of giant companies such as Amazon, eBay, etc. provide attractive deals to the affiliate marketers for promoting their products. 

YouTube affiliate marketing

To earn revenue as an Affiliate marketer on YouTube, review all the products on video, create tutorials on how to use the product. Make sure to use the affiliate link, or you won’t get credit for the sales.

Conclusion

Hopefully, now you’ve understood how to make money on YouTube. Employ these ways any of these ways in your strategy, and you’ll start earning good revenue from the YouTube videos.