Seven Best Ways to Make Money on YouTube
With two billion active monthly users accessing YouTube regularly, it is one of the fastest growing online video-sharing platforms.
Whether you plan to start a new channel from scratch or modify one, we have you covered.
Although there is high competition, there is always scope for creators who can bring quality content. With the right strategies, you can make money through YouTube without the need to use expensive equipment.
Here, we will discuss the seven best ways how to make money on YouTube.
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However, before you start creating videos, you have to find a niche that serves your interest and passion.
Your primary focus is to craft engaging content that attracts a more loyal follower base.
So, without any further delay, let’s look at the different ways by which you can earn money on YouTube!
How To Make Money On YouTube In 2021
Below are the 7 best ways on how to make money on YouTube in 2021. Not only that, you will learn some of the best YouTube editing software, and the list of the best YouTube equipment to help you start the business on time.
YouTube Partner Program
Through the YouTube Partner Program (YPP), you can generate revenue by sharing advertisements. However, there are a few things that your channel would require to become eligible for this program. The prerequisites to monetize your channel include:
- Your account must comply with YouTube’s Partner Program’s Terms and Conditions.
- You need to link your Account with Google AdSense. You should receive their approval for that purpose.
- You have to set monetization preferences on your channel.
- Your channel must have one thousand subscribers.
- Your channel must have 4000 watch hours in the last 12 months.
Once your channel complies with all these guidelines, you can notice a green $ sign in your account’s Video Manager. It shows that your videos have started to generate revenue.
If you need to monetize your account, it is essential to publish multiple videos per week. You have to focus on the quality of your content to enhance engagement. Apart from that, you have to avoid using anything that might lead to copyright strikes.
Once your channel receives AdSense’s approval, you can place ads at the beginning, middle, or after your videos. There are four types of ads to show in your videos. They include:
- Skippable Ads are those advertisements that a viewer can skip after five seconds. YouTubers earn less money when their audience doesn’t watch these ads. If your channel has CPM ads, you can gain an amount when a thousand people view an advertisement.
- Non-Skippable Ads: Viewer cannot skip this type of ad. These ads will appear before your video starts and are no longer than 15 to 20 seconds. You can earn a fixed amount for these ads as they come under the category of Pay Per View.
- Bumper Ads are short advertisements that are non-skippable. They are six seconds long and are yet another way to make money on YouTube.
- Overlay Ads are only available on YouTube’s desktop version. You can have them in the lower part of the screen.
These are different types of advertisements that can help you gain revenue via YouTube. However, you can only withdraw your YouTube account earnings once you have obtained $100. Apart from that, you will have to pay taxes as part of it.
If you start your career as a YouTuber, you might take time to attain this amount. However, you have to remain consistent while posting content on YouTube.
Making Money On YouTube With Affiliate Products
The majority of YouTube video creators are making most of their money by promoting affiliate products on their channel.
If you are kickstarting your YouTube journey, you can always rely on affiliate marketing to make money. However, it is essential to prioritize your content’s quality and focus on building trustworthiness.
Along with that, you can promote products that you find useful via affiliate marketing. When you offer them, you have to ensure that they act as a solution to the problems confronted by your viewers.
You need to avoid placing links that have no connection to your content.
One of the best ways to become part of affiliate marketing is when your channel concentrates on product reviews and tutorials.
Before you start, you have to be part of an affiliate marketing program. Shopify, Alidropship, Fiverr Affiliates, Amazon Associates, and Amazon Influencer Program are some of them.
Below are tips to help you while having affiliate links in your YouTube Video.
- Always include the affiliate links in the first few lines of your description. If you place them in the last portion, there are lower chances of your audience noticing and clicking on them.
- You have to add links that are relevant to your content/niche. For instance, if you make videos on technology, you can have affiliate links related to your field.
- You can mention in the video that your viewers can purchase the product by clicking on the links from the description box.
- You must state that your video has affiliate links in the description box. Along with that, you have to mention that you might earn a commission when your audience purchases using the link.
When your viewers click on these affiliate links, you gain a commission only if they purchase the product.
The commission rates vary from one company to another, and it also depends upon the item bought.
Go and find the best affiliate marketing programs in your niche and sign up.
Sponsorship and brand endorsements
Once your YouTube channel has a measurable number of subscribers and high engagement rates, you can approach brands for sponsorships.
If you have an established channel, brands will reach out to you for endorsements. They will contact you if your videos address their target audience and have engaging viewers. However, you have to be selective while choosing sponsors. When you endorse a product, you are vouching for the item’s quality. You have to ensure that it meets the standards.
Here are a few points that can help you with sponsorship and brand endorsements.
- You can directly negotiate with the brands.
- You don’t have to pay YouTube any commissions.
- Brands can either make payments or provide you with the product. When it comes to monetization, you can either opt for a commission or ask for cash based on the sales.
- Though it might be hard to find sponsors when you start your channel, you can connect with small brands. As they grow, they might contact you in the future for endorsements.
- Different programs can help you find sponsors for your videos. Use them to find sponsors for your YouTube videos.
Along with that, if you are endorsing a brand through your video, you have to notify YouTube. You have to mention that your video contains paid promotions. You can find this option in the advanced settings tab under the Video Manager. It is essential to inform YouTube to ensure that your video complies with Google Ads policies.
Most established YouTubers sell merchandise as part of their YouTube channel. Before you launch them, it is essential to understand whether your audience would show interest in them or not.
You can conduct polls or ask them to comment on their views. If you are starting your channel, you have to create a strong subscriber base before offering any merchandise.
You can sell different things by using the merch feature on YouTube. Ryan Kaji, a young YouTuber who earns around $21 million from YouTube, sells toys, t-shirts, and other items via YouTube.
Akin to him, PewDiePie and several other leading content creators on YouTube also sell products using YouTube. Mathew Kiichi, a member of Trivium, a metal band, stated that he generates 15 to 20% of his YouTube revenue by selling merchandise on YouTube.
As mentioned, there are various items that you can offer to people. Sweaters, mugs, t-shirts, or other such products with quotes, logos, graphic images, channel names, are some options.
Apart from that, you can also sell e-books and other downloadable items as your merchandise. However, you have to ensure that there is a secure payment channel.
Whether you are a YouTuber who started making videos after becoming an entrepreneur or vice versa, you can use this feature of YouTube. On your merch-shelf, you can showcase up to 12 products.
However, YouTube can randomize them based on your audience and their preferences.
When you have a merch-shelf, your channel will have a store icon at the top of its page. Apart from that, you can also pin them while you go on live streams.
You have to promote your merchandise using your YouTube videos and social media posts as well. It will further enhance its reach, and viewers are more likely to buy them if you are promoting them.
Crowdfunding and Donations
Crowdfunding and donations are yet other ways to make money on YouTube. You can have crowdfunding programs once you have loyal followers. Several YouTube creators create live streams to collect money for NGOs and other programs too.
In crowdfunding, there are two ways to do it. You can either opt for recurring or project-based funding initiatives. Each one of them has its benefits.
People will be paying an amount from time to time for recurring funding. It is an excellent way to earn more money on YouTube.
As part of this, you can have one-on-one video chats or organize private classes as well. Several YouTubers conduct such crowdfunding programs.
When it comes to project-based crowdfunding, you can do it if you plan to develop an application, movie, web series, book, webinar, etc.
Several YouTubers have attained funding from their loyal follower base through this. However, it is essential to offer your viewers rewards whenever you organize crowdfunding.
Different websites can help you conduct crowdfunding on YouTube. If you run an NGO, you can have videos or live streams to get donations for your course.
These are the two different ways to make money on YouTube for both profitable and non-profitable purposes.
Channel Memberships, Super Chat, Super Stickers
YouTube channels can have their subscribers join their channel as members by paying a monthly subscription amount.
However, you will have to offer perks in the form of badges, custom emojis, member-only community posts, and live chats.
You can provide one to five perks to your channel members. However, you have to ensure that everything you offer complies with the terms and conditions of YouTube. You can have different membership levels too.
Super chats and super stickers are other ways to make money on YouTube. You can enhance your connection with your audience via these chats and stickers.
Whenever you conduct live streams, your viewers can purchase them. They can highlight their chats and provide them with animated images.
They would stand out from others as they are colourful. However, your channel must get monetized, and you must belong to a location as per YouTube’s conditions to use these features. Here are the steps to use super chats and stickers for your live streams.
- Search for studio.youtube.com in your browser.
- Click on monetization in the left-hand corner of your screen.
- Click super on the screen and follow the instructions that appear.
By following these instructions, you can easily set-up super chats and stickers for your live stream.
You have to inform your viewers why you have them. When people are aware of the cause, they are more likely to extend their support.
YouTube Premium also helps creators generate revenue. When Premium members watch your videos, you can gain income based on their watch time.
Whether they opt for background play or see it by downloading, you can make money. The only difference is that you cannot generate any profit via advertisements as YouTube premium is ad-free.
There are different metrics based on which YouTubers can make money on YouTube Premium.
Watch time and how many subscribers see your videos are two of them. You can understand how much you have earned via YouTube premium by looking into YouTube analytics.
Mastering YouTube SEO
Search Engine Optimization is one of the best ways by which you can enhance your channel’s traffic rate. It is pertinent to perform a keyword search while you work on your video.
You have to find high-quality keywords for your video. Along with that, you have to add them to your video description and tags.
There are different video ideas that you can adopt to create high ranking videos. However, most often, how to do videos, DIYs, funny videos, and product reviews receive more viewership.
When it comes to your ranking, there are a few factors that play a crucial role. They include:
- Engagement rates for your video in the comment section
- The number of viewers who subscribe to your video after watching it
- Click-through-rate on your YouTube video
- Your video’s length and total watch time
- The number of likes and dislikes of the video
If you can improve these factors by providing quality content to your channel, you can boost your reach. Mastering YouTube SEO is a crucial factor in enhancing your channel’s growth sustainably.
How To Make Money on YouTube In 2021: Conclusion
Most of these making money Youtube practices have helped several YouTubers grow and generate income. You can also employ these ways to make money on YouTube. If you are yet to start, there is no need to worry.
Remember that you are never too late to start! It is all about taking the initiative and being consistent with the right strategies.
So are you ready to start/accelerate your journey on YouTube?
Now that you understand different ways to earn money from YouTube, let look at the list of the best YouTube software editor to edit your video.
Best Microphone For YouTube Video
Now that your channel is ready and thinking about creating your first YouTube video to make money, it is essential to use equipment to make your video look professionals, such as video creation tool, microphone etc.
Depending on the type of video you want to create will decide the kind of microphone you want to buy.
Below is the best YouTube mic that works well for recording videos.
It is a pretty mic when it comes to starting recording videos for YouTube or streaming etc.
The Blue Yeti is USB- it is plugged and plays Mic, producing high-quality recording capability and ease of use.
The Mic is well built and made of metal, so, unsurprisingly, heavy (have it in mind if you want to mount it on a boom stand or arm).
The microphone has four settings;
Cardio Mode – This mode records sound sources directly in front of the microphone.
Stereo Mode: For both the left and right channels to capture a more realistic sound range.
Omnidirectional Mode – Picks up quality sound from all around the Mic (best for live recordings etc.)
Bidirectional Mode – Records from front and rear of the microphone.
Blue Yeti is a favourite among YouTubers, and almost 80% of them are using Blue Yeti due to its quality sound and ease of use.
The Blue Yeti three-capsule array: Produces powerful and quality sound for YouTube, podcasting, game streaming, Skype calls and music.
You can check Blue Yeti on Amazon
Another excellent mic for YouTuber who wants to make money on YouTube is NT-USB. It is a handy side-address microphone good for recording any vocals with all mainstream recording applications.
The Rode premium pop-filter is fitt onto the Mic’s base, which helps to filter the ideal distance from the capsule to minimize plosives when creating videos.
Also provided is a stand mount with a 3/8 thread, desktop tripod stand, and a pouch for storage.
If you’re looking for a high-quality studio microphone with the convenience of USB connectivity, then try Rode-NT USB.
Here are a few features of the Rode-NT USB
3.5mm stereo headphone jack for zero-latency monitoring
Compatible with Apple iPad
Direct mix control between mic input and source output
USB bus-powered as a Power Options
Blue Snowball USB Microphone
The Blue Snowball USB Microphone is among the top Mic for YouTube video not only that; the price is not as high as other microphones in the market.
If you’re starting to create a video to make money on YouTube, you can start with the Blue Snowball USB Microphone.
Blue Snowball capture sound with exceptional presence and detail for podcasting, YouTube productions, game streaming, Skype calls and voice overwork.
There are more different types of YouTube microphone you can find on Amazon at a very low price, depending on the kind of video you want to create and your budget.
Now that you know the type of Mic for your YouTube business let look at the video software to use.
You can create a quality video without using video software. And there are many video software you can use, either you are a beginner or advanced.
YouTube Video Editors
Camtasia is a video software to record and create incredible looking videos on both Windows and Mac.
Camtasia is one of the best, if not the best, video recording in the market.
It is the best screen recording software for:
- Video tutorials
- How-to videos
- Demo videos
- Meeting recordings
- YouTube videos
- Training videos
- Video lessons
- Webinar recordings
- Instructional videos
- Explainer videos
- Presentation recordings etc
The new video templates make it easier than ever to create any type of video you need.
Vidnami is a video software to create stunning videos for your YouTube business in minutes without need any other equipment such as a microphone.
It is a point and clicks video maker that requires no experience. Let look at its feature that make some of the YouTuber love this software.
Vidnami video software automatically transcribes your clips and creates captions.
Intelligent Clip Selection
It uses artificial intelligence to ‘read’ text and automatically selects video clips from the library of 790,000+ clips.
It does not Require Video Editing
The tool automatically combines the text, clips, voice track and music. No video editing experience requires.
Make the Video Your Own
You can simply add your logo, select fonts, choose colours and insert your own clips/images/music to make your video exceptional.
Add Music To Your Video
You’ll always have the perfect soundtrack for ALL your videos, with over 30,000 royalty-free music tracks from Story blocks to choose from,
Want to start a YouTube video without recording your voice or need to spend extra money to buy Mic, then you need to try the Vidnami video tool.
Adobe Premiere is a free video editing app for creativity on the go. From your phone to your computer, you can shoot, edit, and share high-quality videos.
Adobe Premiere tool is fun, intuitive, and easy to share your videos fast on social media. It creates an easy way to star in your followers’ feeds.
Animoto is video software for creating and sharing videos with an easy drag and drop video maker with no experience.
You can create any video with Animoto, and the easiest part is that it doesn’t cost much to get started.
Choose from over 1 million Getty Images photos and clips and unlock the full library with a Pro plan.
There is more video creator software, but I think those I mentioned can help you get started.
You can start with Vidnami by joining their 14-day free trial. Within 14 days, you can create videos to share with your followers.
Since the purpose of starting is to make money from YouTube, during the trial period, you should make some money by promoting affiliate offers and through YouTube ads.
Some people may have one or two questions in mind, so let’s see some of the frequent asking questions on how to make money on YouTube 2021.
How To Make Money On YouTube 2021: FAQ
How many views to make money on YouTube?
Many people are asking how many views must a video have to make money on YouTube?
It depends on the monetization strategy of your video. If your channel is approved to make money from Google Adsense, and then this is very important.
It is difficult to say that there must be a specific number of views to make a certain amount of money, but the principle behind it is that the more people view your video, the more chances to make more money.
Google Adsense uses CPC ( cost per click) and PPV ( pay per view}, which means people need to click on the ads or view them before you can make money.
But if you’re promoting an affiliate offer, people need to click on your affiliate link in the video description, and if they buy, you will make a commission.
NOTE: Your YouTube account must have 1000 subscribers and 4000 watch hours in the past 12 months before applying for the YouTube partner program (YPP).
The success of the video depends on how it marches the ads and the length of the video.
How many subscribers to make money on YouTube?
You must have at least 1000 subscriber before you can apply for the partner program. Don’t worry, and it doesn’t take much time to get 1000 YouTube subscribers if your videos engage and solve your audience problems.
How old do you have to be to make money on YouTube?
Before you can create a YouTube channel, you must be at least 18 years of age and above.
Must at least 18 years old, or have a guardian older than 18 years of age who can handle payments via AdSense.
YouTube does not allow age under 13 to create their accounts, and children between ages 13 and 17 are allowed to open accounts with permission from the parent.
Can you make money on YouTube without showing your face?
Yes. You can make money from YouTube without showing your face. There are thousands of YouTube creators who are making thousands of dollars every month without showing their faces.
Although showing your face makes people truth you, but it is not compulsory. What is important is to create a video that helps your audience.
Thanks for checking this content.
In case you have a question on how to make money on YouTube this year, let me know from your comment.