YouTube aims to earn ₹1970 crores over the next five years from its global audience of over 230 crore people, at an astounding 30.4% annual growth rate. By 2022, Ryans World, a popular children's YouTube channel, is predicted to earn ₹224.81 crores. YouTube has paid out more than ₹3000 crores to artists, singers, and media companies for creating videos on the platform.
Did you know?
In 2019, T Series became the first YouTube channel to surpass the milestone of 100 million subscribers. Since then, only a handful YouTube producers have achieved the threshold that many said was unachievable.
- To be eligible for the YouTube partner program, you must have at least 1,000 subscribers.
- Become an affiliate marketer to make money on the YouTube platform.
- Sponsored content can be generated for your channel through brand arrangements.
- Sell your own goods or merchandise.
Reach 1K Subscribers to Earn Money from YouTube
Here are the steps involved in earning an income from YouTube.
How to Monetise YouTube Channel
First and foremost, let's clear the air on this one. The most difficult part of becoming a YouTube partner is getting over the 1,000-subscriber mark. You'll be able to start generating advertising money as soon as you do.
Before you can join as a partner, there are a few extra requirements to know how to earn money from YouTube.
- You must adhere to the site's advertising restrictions and have at least 4,000 legitimate public watch hours in the last year.
- You have to be a resident of a qualifying country.
- In order to use this program, you must have a Google AdSense account.
- In order to apply for monetisation, you will need to go to your profile and select the monetisation tab.
How Many Views on YouTube Does it Take to Make money?
You will not be compensated in any way for simply watching videos. The amount of remuneration you receive for your efforts will be determined by the number of people who watch your video and/or click on an advertisement that appears in it.
The average YouTube channel may make ₹1,365.82 for every 1,000 ad views on their channel's advertisements, according to Influencer Marketing Hub's calculation. The charge for 1,000 video views varies depending on the source and ranges from ₹227.90 to ₹354.15 depending on the source from which a viewer watches the video.
When Do You Start Making Money for YouTube Views?
Once your account balance reaches ₹7,588.15, you will be eligible to receive a payout. Allow for the possibility that it takes around 1,000 video views to earn ₹304 from viewers who have seen the advertising. In order to know How to earn money from YouTube and make ₹7,588.15 from those adverts, you would need 25,000 video views.
No matter how extensive your subscriber base is, you may only receive payments every few months or perhaps less frequently. Also, keep in mind that Google, which is in charge of issuing AdSense payments, has a policy on handling tax-related concerns.
How to Monetize YouTube Channel the right way?
Alternative ways to make money before you get 1,000 subscribers are listed below.
Become an Affiliate Marketer
If you're going to be doing product reviews, affiliate marketing may be the best option for monetising your YouTube audience. This is how to monetise a YouTube channel:
- In order to join an affiliate programme, you first need to identify a company or vendor that has one.
- Your custom links will be created using the process once you've been approved for the programme.
- In your YouTube videos, demonstrate, evaluate, or make reference to the products, and include your personalised affiliate marketing links in the description section when you post.
- It is possible to earn commissions as an affiliate for some brands when a viewer hits your link and purchases the item.
Many other ways to make money on Amazon exist, and Amazon Associates is just one of the affiliate programs you can join when you are getting started. Search affiliate marketing networks like ShareASale and ClickBank for potential corporate partners and products to promote.
Create Sponsored Content Through Brand Deals
Another way to earn money for YouTube views is to secure a brand partnership, which is a form of affiliate marketing. Certain companies may be interested in your channel's viewership in exchange for a shoutout from a sponsor or a product placement in your videos.
When you develop a following, you increase your chances of discovering these kinds of opportunities, as the operative term on YouTube is the audience. As your channel grows, you may leverage resources such as the affiliate marketing platforms outlined above to identify corporate partners who align with your content style and brand values.
Create and Sell Your Own Product or Merchandise
Whenever you have a product or service that is relevant to your target audience, put links to it in your videos and advertise it. Each of Marques Brownlee's YouTube videos includes a link to his own T-shirt and accessory line, which he sells through his own company, MKBHD. This is standard practice for him.
A few examples of downloadable items include E-books, art prints and virtual classes and all of which can be marketed without the need to purchase additional materials. Before putting your products on the market, make sure that you have a reliable method of collecting money.
Turn to Crowdfund
Another way to make money with your channel is through crowdsourcing. Crowdfunding can be categorised as either recurrent or project-based. The most prevalent form of crowdsourcing is recurring crowdfunding. Channel viewers pay a nominal subscription price to gain access to a more exclusive level of the channel’s content. Increasing the number of subscribers translates into more money in the bank. If participants are offered incentives like one-on-one video chats, exclusive sessions, or merchandise, they may be tempted to sign up for your channel’s membership.
How Much Money Can You Make on YouTube?
This is a difficult question to answer. The solution can be compared to the music industry's landscape. YouTube stars with millions of followers stand to make the most money for YouTube views, quickly hitting seven figures, like breakout bands and artists that strike the perfect chord and rapidly grow their fan base.
Blippi's creator Stevin John is expected to make ₹1700 crores in 2022, thanks in large part to the 820 crore views and 2.74 crore subscribers he's amassed on YouTube, according to Forbes magazine. Don't let the fact that this kind of accomplishment is rare discourage you.
Earn an Audience, and Earn More in the Long Run
YouTube is a place where anyone can succeed, but it's not a place where you can get rich immediately. Making money for YouTube views on YouTube takes patience, hard work, and a dedicated following. Good news! You can earn before the coveted 1,000-subscriber mark if you put in the effort and stay motivated.
- As you begin, bear in mind these suggestions:
- Making and uploading more long videos will make it easier to meet the viewing-hours requirement.
- Your subscribers are more likely to continue to be in your channel if you target your material to a certain demographic or niche, such as film photography.
- It pays to put in the time and effort to develop and produce a well-thought-out and interesting video.
- Don't underestimate the impact of a well-chosen title and eye-catching thumbnail in grabbing the attention of viewers.
How Much Money Can a YouTuber Make Per Video?
The amount of money for YouTube views that a YouTuber can earn per video varies depending on the number of views the video receives and the number of Google advertisements that appear in the video, among other factors. When you consider that a YouTube video with one million views can earn up to ₹36000 at a pay rate of ₹354 per 1,000 views, it is clear that becoming a modern-day influencer is an extremely lucrative career choice. Because these are estimations, individual YouTubers may earn more or less based on the quality of their advertisements, their click-through rates, and other variables.
To be eligible for the YouTube Partner Program, you must have at least 1,000 subscribers. You'll be able to start generating advertising money as soon as you reach the target. We hope that this article has provided you with a clear overview of how to make money on YouTube and the steps involved in the same.