How to Make Money on YouTube in 2020
YouTube is the most profitable and currently the most influential platform. Every day around Five billion YouTube videos are watched worldwide. And they are not only observed, they are devoured. According to Omnicore, the average viewer’s YouTube session is about 40 minutes, 50% more than last year.
Making money on YouTube doesn’t mean you just have to upload videos. If you want to make money with YouTube, you need to constantly upload high quality content to your channel and build a large audience and fan base.
Here are the different ways to make money on YouTube:
1. Make Money on YouTube from Ads
Earlier using YouTube to show ads on your videos is one of the easiest ways to make money, but since January 2018, Google has raised the standard for advertising on its channel. Now to use benefit from the ads one must be part of the YouTube Partner Program (YPP). However, if you want to join YPP, make sure to become eligible for YouTube Monetization Program i.e., you have to complete 1000 Subscribers and 4000 watch hours in the last 12 months to be able to apply for monetization.
2. Working with Brands
Now influence marketing is a big business. It is one of the popular ways for YouTubers to make money. Brands and advertising agencies around the world promote their products and services by investing in people who have a large or dedicated audience and the content of which is relevant to their target market.
3. Selling Products or Merchandise
After Google, YouTube is the second largest search engine; so use it to the fullest. One can use YouTube platform for promoting and selling merchandise like cosmetics, t-shirts, handbags, diaries etc. as it is a viable way to earn money from YouTube. You need a separate website to process your purchases. If you want to link it directly to your videos (and it is), see the list of approved merchandise sites on YouTube.
4. Crowdfunding
YouTube has a list of approved crowdfunding sites to choose from. If you have an incredibly creative idea but have no money, you can try crowdfunding to get there. Crowd funding is when a community of fans contributes to your project. If you need help buying the hiring actors, best equipment, or covering other production costs, you can upload a video that explains your project. Make sure that this video inspires people so much that they are convince to Donate in your cause.
5. Direct Traffic to Affiliate Links
Affiliate marketing is an extremely popular way to earn money online. Alliance links can be used in several ways. The most common is the Amazon affiliate link. For example, you must register in Amazon, promote product to your viewers and earn a piece of the profit for each sale that you make.
So, these are some of the effective ways to make money on Youtube. Making money on YouTube is not easy as it takes a lot of time and effort, but it is one of the best way to grow your business.
Hope you find this article helpful!