As at the time of writing this article, YouTube currently stands as the second largest search engine in the world as well as the largest video search engine in the world.
YouTube has millions of videos and receives billions of video views on a daily basis.
However, what a lot of people do not know is that they can make a lot of money by just uploading videos to YouTube.
Yes, you can make up to or even more than your current salary by operating a YouTube channel and in this article I am going to teach you exactly how to do it.
So without wasting anymore time, let us get started
Picking a niche
A niche simply means what your channel will be based on and about. Example of niches include personal finance, relationship advice, entertainment or even sports.
It is also very important that you pick a niche that you are interested in so that you will find it easy to produce great and informative videos for your audience.
One other thing you must make sure is that your niche is small enough of you to dominate completely, you do not need to compete with industry leaders to make money, carve out a niche for yourself and be the best at it.
Get the necessary equipment
To run a YouTube channel successfully, you would need to have necessary equipment such as a collar microphone, a standard video recorder and probably a computer system to upload your videos .
Learn how to edit videos
Learning out to edit your videos by yourself will help you save a lot of money that you have used to pay a freelancer on Fiverr to do so for you.
So now you got your videos ready, you can now begin uploading the videos on YouTube and promoting them on social media especially Facebook and Instagram.
How to monetize your YouTube channel
Now you have put in the hard work and it is time to beginning reaping where you have sowed.
There are a lot of ways of monetizing your YouTube channels which range from serving ads to selling products.
YouTube partnership program
YouTube partnership program is a program that allows YouTube to serve ads before and in between the videos of those who are part of the program.
Yes, it is the normal YouTube ads that you are compelled to watch for a certain time before a video starts on YouTube.
However, YouTube has changed the rule, so before you can be part of the YouTube partnership program popularly called YPP, you need to have a minimum of one thousand subscribers and at least five thousand watched hour within the pass twelve months.
Once you meet the above requirements, you can now apply to be part of the program so that you can start serving ads at the beginning of your videos.
Typically, YouTube pays any where around $3 to $9 per every 500 views your video get.
Read Also: Top affiliate program for bloggers
Earn using patreon
Patreon is a platform that allows you to earn money from everyone of your loyal followers by letting them pay to receive a special package (video, tips and others) which is exclusive to only those you pay.
Patreon is an already built platform that helps you create a membership area to receive payment from your loyal followers as well as also distributing your premium material to them.
You can easily get people to subscribe when you mention it in some of your videos and tell them to take action, you can also add a link in the description to make it easy for them to access.
Affiliate marketing is a business system whereby you are paid whenever someone you refer to a merchant successfully purchases a product from a merchant.
So if you have a product that you always mention and recommend a lot to your audience, you can sign up for the affiliate program of the merchant and now promote the product using your Affiliate link to earn an affiliate commission.
You can place the link in the description bar and tell your viewers to check out the recommended product through the link (your affiliate link) below.
Selling digital products
– Digital products consist of any form of product that can be paid of and delivered off the internet.
– Example of digital products include electronic books (ebooks), online courses, cheatsheets or even templates.
– To sell a digital product, you would need to have a website that will house your sales page.
– You can simply get one designed for you by prostechnologies.com at an affordable price.
– You can then market it to your audience and be sure to make some sales.
This is mostly common with YouTube channels in the entertainment or lifestyle niche. It is a form of monetizing your audience where a brand interested in getting to your audience sponsored your program with either cash or kind in exchange for you endorsing their products. Earth Overshoot Day has been pushed
Endorsing a product can actually be as easy as using the product in your next video or just mentioning it.
Read Also: Best ways to monetize a new blog