Strategies to Successfully Monetize Your YouTube Channel
In 2022, on average, people spent around 24 hours monthly on YouTube. Also, 2.56 billion users were accessing YouTube worldwide. These two small stats should be enough to show how popular YouTube is in our generation.
But what about the people making and posting these videos? How much do you think they made? And we aren’t talking about the big content creators like MrBeast and PewDiePie. We are talking about the average ones.
Within a year, there was a 50% increase in channels earning more than $10,000, and those earning over $100,000 saw a 40% rise. Additionally, 43% of full-time creators report annual earnings exceeding $50,000.
The way these channels earned this much money was through YouTube monetization. Are you interested yet? If you are, then let’s talk about how to monetize YouTube channels.
What Is The YouTube Monetization Program?
The YouTube Monetization Program is a way for people who create and share videos on YouTube to make money. When you join this program and meet certain requirements, YouTube allows you to earn money from ads shown in your videos.
Once you’re part of the program, ads may appear before, during, or after your videos, and you earn a part or share of the revenue generated from those ads.
This is a way for content creators to turn their passion into a source of income by getting paid for the content they share with their audience. It’s important to follow YouTube’s rules and guidelines to maintain eligibility for the Monetization Program.
How To Join the YouTube Monetize Program?
In previous years, the conditions for joining YouTube’s monetization program were quite strict, which caused many people to give up the endeavor. But in 2023, the requirements changed and became much more doable. So here is what you need to have to join this program and start making money:
Subscriber Count: 500 Subscribers
Creators no longer face the daunting challenge of reaching 1,000 subscribers to monetize their channels.
YouTube has now made it easier, lowering the threshold to 500 subscribers for creators to start monetizing their content.
This reduction means that budding creators can earn from their videos sooner, allowing them to monetize their passions earlier.
You can take advantage of top-quality SMM YouTube services, which can help you increase your total subscriber counts.
Upload Frequency: 3 Public Uploads in 90 Days
Maintaining consistency is crucial when striving to build a successful YouTube channel. The recent changes in YouTube’s requirements highlight the significance of regular uploads.
To qualify for monetization, creators need a minimum of three valid public uploads within 90 days.
By staying actively engaged and consistently delivering valuable content to your audience, you position yourself following YouTube’s expectations, enhancing your likelihood of monetizing your channel.
Watch Hours: 3,000 Watch Hours in Past Year
Engagement has always been pivotal on YouTube, and with the recent updates in requirements, watch hours remain a vital factor.
Previously, creators needed to amass 4,000 watch hours within the last year to qualify for monetization. Now, the bar has been lowered to 3,000 watch hours.
This metric incentivizes creators to craft compelling content that captivates viewers, fostering longer watch times and elevating the potential for increased monetization.
Shorts Views: 3 Million Valid Public Views in 90 Days
YouTube Shorts, the platform’s short-form video format, has taken the digital world by storm.
To unlock monetization through Shorts, creators need to amass three million valid public Shorts views within 90 days, a significant reduction from the previous requirement of 10 million public views in 90 days.
This adjustment presents an exciting opportunity for creators to explore the potential of Shorts and leverage its quick and snappy format to capture audience attention and drive monetization.
By re-evaluating and lowering the thresholds, YouTube aims to empower creators to monetize their channels earlier in their journey. This strategic move provides financial incentives and motivates creators to produce high-quality, engaging content that resonates with their audience.
Strategies For Earning Money Through YouTube
You can start making money after completing the requirements and being accepted into the YouTube Monetization program.
Don’t think it’s the world’s end if you get rejected. Just take the 30 days they give you to fix any issues and reapply again.
Now, we can start talking about strategies on how to monetize YouTube channels and make money. Just posting good videos won’t be enough. Instead, look through the seven methods you can use alongside posting videos to make money.
YouTube Ads
One of the most common ways is through YouTube ads. When people watch your videos, ads may show up, and you earn a share of the revenue. The more views you get, the more money you can make from these ads.
Paid Sponsorships
Companies may pay you to discuss or feature their products in your videos. This is known as paid sponsorships. It’s like a collaboration where you get paid for promoting their stuff.
Affiliates
Affiliate marketing is about you adding links to products in your video description. You earn a commission if your viewers use those links to buy things. It’s like getting a little bonus for recommending products.
YouTube Premium
YouTube Premium is a subscription service where viewers pay a fee to enjoy an ad-free experience. As a content creator, you get a share of that subscription revenue based on how much Premium members watch your content.
Merchandise
If you have cool and unique stuff related to your channel, like T-shirts, mugs, or stickers, you can sell them to your fans. It’s a way for your audience to support you and get something in return.
Patreon Membership
Patreon is a platform where your fans can support you directly by becoming patrons. In return, you can give them exclusive content, behind-the-scenes looks, or other perks.
Super Features
Super Chat and Super Stickers are features during live streams where viewers can pay to highlight their messages or send animated stickers. It’s a fun way for fans to interact with you during live sessions.
There is also Super Thanks, which enables users to express gratitude to their favorite creators. Users get a special comment featured in the livestream chat and an animated GIF by making a small donation.
Further Reading: Creating Your Own SMM Panel
Conclusion
YouTube boasts over 122 million active users daily, with a staggering 1 billion hours of content being watched worldwide daily. With so many users present on just one platform, making money through YouTube isn’t some silly dream.
But wanting to make money and making money through YouTube are two different things. Even if you get accepted into the monetization program, there is more you need to do.
Use our guide on how to monetize YouTube channels to find your path. Take one or all of the methods we talked about. also check Benefits of YouTube Marketing for small businesses.
FAQs
How long does it take to start making money on YouTube?
The eligibility for monetization can differ, but creators usually require a minimum of 500 subscribers and 3,000 watch hours in the past 12 months.
Can I monetize copyrighted music in my videos?
Using copyrighted music without permission will lead to demonetization or even channel termination. Use licensed music or seek permission from the copyright owner.
Is it essential to have a niche for successful monetization?
While a niche can help target a specific audience, successful channels can also emerge from diverse content. Consistency and quality matter more than a specific niche.
How often should I upload videos to maximize monetization?
Consistency is key, but quality should not be sacrificed for quantity. Aim for a balance that suits your content creation pace without compromising excellence.
Can I monetize any content on YouTube?
Content that violates YouTube’s policies, including hate speech, violence, and harmful behavior, may not be eligible for monetization. Adhere to community guidelines for successful monetization.
