Do you know YouTube is one of the biggest sources of generating revenue digitally in today’s time? Yes, you read it right! Apart from professional, entertainment, cooking videos, YouTube is a digital medium to get connected with approximately 2 billion active users in a month. From being a YouTuber to selling something to ads, it is a platform for almost everything and anything.
Approximately 80% of internet users agree that they have an account on YouTube. If this information excites you and you also want to generate great revenue from this digital platform, then you are in the right place. Following is a step-by-step guide on making money from YouTube.
Step 1: Create your YouTube Channel:
Like Facebook or Instagram pages, YouTube asks you to create a channel for uploading videos. However, for this, you need a Google Account first. If you do not have a Gmail ID, set up one, and then create the YouTube Channel. Remember, to name your channel something that people can connect with, and it also links with whatever you present there.
Step 2: Planning to Upload A Creative Video
According to research, 73% of the United States of America adults are YouTube users. To attract this enormous number, one needs to plan what and how is he going to post a video on his YouTube Channel. For recurring engagement on your channel, you need to ensure that your videos are top-notch, and the audience visits it again and again. The more shares and subscribers you have, the better for your channel.
Here are the pointers one should keep in mind before planning for a YouTube video:
- Comprehend the target audience well – their needs, what they like, their reaction, etc.
- Think effectively regarding the title of the video and its script. Discover your niche.
- Consistent content will lead to more popularity.
- YouTube end screen keeps the user engaged, and he tends to end up watching the following video by clicking on the thumbnail.
Step 3: Enable Monetization
For earning money through YouTube, creating a channel, and posting videos are not enough. You need to enable the monetization tab. This means you are permitting Youtube to post ads in between your videos. Also, you are adhering to the terms and conditions that your video does not have plagiarized content.
This is how to you enable monetization:
- On your YouTube channel, click on the video manager button.
- Under the channel tab, select status and features.
- You will then find an option to enable monetization in the subsections.
Step 4: Examine The Monetization Features
There are a plethora of monetization features for different channels. If you want to earn money through YouTube, then you ought to know these features:
Revenue generation through ads: The basic requirement for this is that you need to be at least 18 years of age. The video content should not be controversial – the more friendly the content of the video, the more advertisers will run ads in it. Thus leading in generating a great amount of revenue.
Revenue generation through YouTube Premium member: Whenever a Youtube Premium member spends time on your video, you generate revenue by getting a piece of his subscription fee.
Revenue generation through subscribers: Whenever you sell your channel membership to your fellow subscribers, you generate revenue. This means your subscribers willingly pay you some extra bucks. However, the eligibility for the same is 18 years and at least 30,000 subscribers.
Step 5: Create an AdSense Account:
This can easily be created on the AdSense website. The only eligibility to create this account is that you should be 18 years of age. You need to provide valid information regarding your PayPal or bank account. Once you reach the mark of 4,000 views and 1,000 subscribers, your YouTube channel will start monetizing. You generate money per ad click in the initial stage, but this grows eventually.
According to research, in 2018, the ad revenue of the US YouTube was approximately between $3.35 and $4.40 billion. Therefore, collaborating with YouTube partners and creating ads to include in your video is a fantastic idea. For this, you can try using some great free ad maker software.
Step 6: Shoot your Videos
As per the plan, start shooting videos that will attract your audience and post them on your channel. Remember, monetization will only happen if your video content is unique regardless of the category. It has to have the power of standing out in the digital space as almost 500 hours of digital content is uploaded on Youtube within a minute.
Step 7: Share on Social Media Platforms
Unless you are a big shot, people will not be able to access your videos directly. This means you need a video promoting strategy for your channel. Apart from optimization, try sharing your videos on Facebook and Instagram. Facebook has more monthly active users as compared to YouTube. Therefore, exploring more digital platforms by sharing content will intensify your subscribers’ list and views on videos.
Step 8: Analytics is of Paramount Importance
Initially, analytics will not show you much about your channel. However, as the views and subscribers increase, you will be able to make good use of YouTube Analytics. This will provide you insights regarding what topic and which video people engage more with. What channels do they follow to view your videos? These statistics will help you improve the quality of your videos and their promotion.
Remember, the better your videos perform on your channel, the more you make in terms of revenue. Therefore, rely on this information to see concrete and positive outcomes.
It is crucial to understand that making money through YouTube is not an overnight thing. It is a blend of consistency, patience, creativity, and fun. Keep posting videos that showcase your unique skill. You never know, one day, the right video will help you reach out to maximum people. Henceforth, trying never fails! Keep uploading your videos, share them, and be ready to explore YouTube as a full-time career option for yourself.