How to Earn Money on YouTube in 2020

Make Money on YouTube
Google Ads is the regular and most obvious way to make money from YouTube. But this is not the only way. There are multiple ways to make on YouTube.

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YouTube is a very popular streaming platform and anyone can make videos on YouTube. Many people do YouTube as a career and making a lot of money.

So, if you have a YouTube channel and not getting any revenue from your video or willing to make money on YouTube. Don’t worry because today I will tell you about some ways to make money from YouTube.

Ads revenue is the most obvious way to earn money on YouTube. But it is not the only way.

Today I will tell you about 5 Ways to Make Money from YouTube

How to Make Money on YouTube

Beautiful Red YouTube Play Button. Make money on YouTube.
Photo created by natanaelginting – www.freepik.com

1. Become a YouTube Partner

The YouTube Partner Program (YPP) gives creators greater access to YouTube resources and features.

YPP will give you access to Ads, YouTube Premium subscription fees, and features like Super Chat, channel memberships, and the merchandise shelf.

Start a YouTube Channel

This is the first step of your YouTube journey. If you don’t know How to Start a YouTube channel, not to worry about that.

There are several tutorials available on the internet. You can refer to these tutorials to start your YouTube channel.

YPP Basic Requirements

You need a minimum of 1000 subscribers and 4000 watch hours in the previous 12 months to join the YouTube Partner Program.

You can easily crack this requirement by making valuable content. Always remember Content is the KING.

Setup Adsense Account

This is very simple. Just follow YouTube’s official guide to AdSense accounts.

Explore Monetization Features

Each monetization channel has different eligibility requirements. For instance:

  • Ad revenue:  You must be at least 18 years old, to earn ad revenue, and you have to make advertiser-friendly content.
  • YouTube Premium revenue: When a YouTube Premium member watches your video, you get a portion of the subscription fee.
  • Channel memberships: To enable the membership feature on your YouTube channel you need to be at least 18 and have more than 30,000 subscribers.
  • Merchandise shelf: If you want to enable YouTube’s merchandise shelf, you must be at least 18 years old, and have at least 10,000 subscribers.
  • Super Chat: To enable Super chat on your live streams, you must be at least 18 (and live in a country where the feature is offered).

Submit Your Channel for Review

As a YouTube Partner, your channel will be held to a higher standard, according to YouTube. You have to follow the YouTube Partner Program policies and Community Guidelines. Not to mention staying on the right side of copyright law.

2. Make Sponsored Content/Video

You can make money from YouTube by promoting products on your YouTube videos. But to do this you have to ensure that your viewers are interested in the sponsored product.

You have to find a brand that is suitable for your viewers. Acquire knowledge about the product before signing the sponsorship contract.

You can contact the brand by emailing them, almost every brand provides a contact email on their official website.

3. Affiliate Marketing

Affiliate marketing is another popular way to earn money from YouTube. Like sponsored content, you have to promote the products or services of your desired companies.

But in Affiliate marketing, you will only get paid a commission when someone purchases a product or service from your affiliate link.

There are many affiliate program available in the market like Amazon affiliate, CJ Affiliate, ClickBank, etc.

4. Use Crowdfunding for Your Work

Collecting donations online is now very common. You can collect donations for your work thru crowdfunding. Just make a Patreon account for crowdfunding.

Make valuable content and encourage your viewers for crowdfunding. You can provide them some extra features with crowdfunding.

YouTube has a list of approved crowdfunding sites.

5. License Your Content Media

When a video goes viral, every news media wants to replay it for their audience.

Luckily, established media companies are well aware that they need to pay for what they use. And voila, you’ve got yourself another way to earn money on YouTube.

As a content creator, licensing your most successful work to the media can be as simple as making sure you’re easy to find.

Conclusion

These are the ways you can consider to make money from YouTube. Although there are some other ways that can also help you to make money form YouTube. If you want to know more please let me know.

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