Step Guide To Making Money On YouTube
YouTube, one of the top video streaming platforms has over one billion users. To put that number into perspective, that is about one-third of the people using the internet. People stream or watch videos on YouTube almost on a daily basis.
We can safely say that if you are reading this piece, you are of course one of over a billion that uses YouTube on a daily basis.
You may have noticed advert displays when you watch other peoples’ videos on YouTube. Google, the owner of YouTube display these adverts, they pay the person who owns the YouTube channel and videos (the person who made the video) where they display ads a certain percentage of the total sum the organization or individual running the ads pay while they, Google keep the remaining.
YouTube has paid out over $2 billion to content creators who have taken the proper steps to claim their part of the earnings.
If you are a content creator or video producer and have not started making money yet on YouTube, please continue reading.
Who is eligible to make money on YouTube.
Just like we pointed out above, video content creators that is the good news.
However, the bad news is that most people who upload videos on YouTube will never make get their channels approved for ads display because of the stringent requirement to meet before Google can approve your channel.
Furthermore, so many others who managed to get their sites approved may not get enough pay to leave their regular jobs. For one to make money on YouTube ads, your video will have to attract quality viewers who are also ready to engage with the ads display in your video.
They must have to watch a decent portion of the ads displaying before clicking the “skip” button for you to earn. You can also earn when the viewer also clicks on the arrow that displays on the bottom of the video when the ad is displaying.
Because of the billions of videos on display on YouTube from your Niche, it pretty difficult to reach the point of earning as much as a thousand dollars in a month.
We advise that you don’t quit your job or start planning your future based on your expected revenue from YouTube. However, if you are a video creator, you can start uploading your video on YouTube and probably start earning a side hustle.
Some of the most important eligibility requirement from Google are;
Video quality- The videos you plan to monetize most be HD videos in order to attract viewers.
Hours of watch time – Your account must have had at least 4,000 hours of watch time for it to be eligible for ads placement.
Numbers of subscribers – Your account must have at least 1000 subscribers for it to be eligible for ads placement.
To proceed, follow the steps below to sign-up for the YouTube AdSense program so once you reach that threshold listed above, you can make money on YouTube!
Steps to Video YouTube Monetization
1: Set up your YouTube channel
Create a Google account if you don’t have one already by visiting the Google Account Creation page.
After creating your account, log-in to YouTube, click the Upload button in the top right of your screen, you will receive a prompt to create a new channel.
2: Create your video plan
After creating your channel, you now need to make serious decisions on the niche and videos you are going to be uploading. You need to create videos that are engaging enough to attract the viewer to subscribe to your channel.
The under-listed are some good video planning tips
- Ensure you understand your target audience
- Come up with a list of topics and script for videos that will appeal to that target audience.
- You can create a schedule for your videos – say, one video every week. You’re more likely to attract more subscribers if you upload videos consistently and at regular intervals.
You don’t have to make videos the exact same way other people in your niche are making. Do something educating and entertaining at the same time. Study the videos of your competitors to know what works best that you can apply to your videos.
When you create a plan, try as much as it is possible to stick to it.
3: Enable monetization
Having created a channel and drawn a comprehensive video production plan. The next step is to enable the monetization feature on your channel.
Click on the Account icon in the top right corner of your screen. Next click on the Creator Studio button that appears.
Then you will see a menu on the left side of the screen, click on Channel, choose Status and Features in the sub-menu that opens under it.
At this point, you will see an option to enable monetization. Google may request your country before the monetization feature can be seen. If this is the case, follow the onscreen instruction to proceed.
4: Sign up for Google AdSense
Having enabled monetization, click the Monetization option in the menu, this will take you to a page where you can start the process of setting up your Google AdSense account or connecting an existing account to your channel. This stage is very important because this is where your revenues will be paid into by Google.
After the steps above, simply select “Next” and follow the onscreen instructions to create your account.
5: Start loading good videos
This is in practice, the most difficult part of this whole journey unless you are already in the business on making High Quality and High Definition videos.
Create the videos you have written the scripts and start uploading them to your channel.
Spend some real-time working to make sure your videos are of good quality, especially educational, entertaining, or unique so that they’ll gain attention in an already crowded space. Getting the required attention from your target audience is by far the highest requirement for money-making on YouTube.
6: Promote your videos
Even if your videos are very interesting, educating and entertaining, people may not know that they are on YouTube if you do not promote them. Click here to contact one of our experts or call 08022066974 for optimizing your YouTube videos so it’s easier for people to find them.
7: Keep an eye on your analytics
You need to install all the analytics tools you can for optimum analysis. Keep an eye on YouTube analytics to figure out the videos and topics that give you the best result. Those are your areas of strength. From the analytics, you can also know the demography of your audience and how they are discovering your videos. This way, you can do more purposeful promotional work on your videos.
From the analysis of the data you collated from the analytics, you can continually improve on the quality of your video production plan. The better your videos perform, the more you’ll be able to make it on YouTube.
Please do not be discouraged if you do not make money within the first couple of months you started monetizing your videos on YouTube. If video creation is your hobby, continue to improve, one day you will be discovered and your payday will come.
Keep your expectations realistic and stick with making videos of a type that you know you’ll enjoy creating, so the possibility of making money will simply be a nice bonus if or when you achieve it.
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8: Become a YouTube partner
YouTube Partners are YouTube members who have monetized videos with a large number of viewers. YouTube Partners have access to more content creation tools and can win prizes for the number of viewers they have. Partners also have access to more community support and tips.
You can apply to become a YouTube partner at any time through the YouTube Partner page. To apply, follow the steps below:
- If your channel has previously been in the YouTube Partner Program (YPP): When you reach the program threshold, your channel will be automatically re-evaluated under the new criteria. You can check your monetization status at Creator Studio > Channel > Monetization.
- If your channel has never been in YPP: Follow these 4 steps to join the YouTube Partner Program from your YouTube account in Creator Studio. Once your channel reaches the program threshold, you’ll be reviewed to join.
9: Increase your YouTube revenue with affiliate marketing
Affiliate marketing is the selling of products or services of a company for a commission.
Hundreds of thousands of companies offer attractive deals to affiliate marketers who promote their products/services. Some of these companies pay as much as 20% on commission.
YouTube Affiliate Marketing
YouTube affiliate marketing is the same as affiliate market on other social networking sites, on that, it has to do with creating videos and placing affiliate links in the actual videos (through annotations) or in video descriptions, which includes links to products you review and use in your videos that will attract a purchase.
When someone makes a purchase using your affiliate link you provided, you receive a percentage of the total amount of transaction as a commission.
You can sell or promote others’ products as an affiliate marketer
Here are some tips to make money through YouTube affiliate marketing
- Product Unboxing – You can do a video unboxing or review of products of companies. In these videos, you can simply demonstrate to viewers what the contents of the package are and how it is operated. Then provide the affiliate link to that product’s website, where it is available for sale online.
- Reviews – Just like products unboxing, you can review the products and services of companies in a YouTube video, after which you provide your affiliate marketing link where interested viewers can make purchases.
- Training videos – A lot of affiliate marketers make money by simply training viewers on how to use a complicated product, and then sending those educated leads to their affiliate link for purchases.
- Comedy videos: These videos are created for fun making. They are created to make people laugh. These types of videos are very engaging and can drive massive traffic to your channel. You can start making your comedy video today
- News: News channel is very popular because they are information channels and can gain viewership in no time. You can cover breaking news, reviews & opinions, business, sports, movies, travel, and more.
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Copyright – Step Guide To Making Money On YouTube
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