How to Make Money on YouTube

How to Make Money on YouTube

Nowadays, you don't have to be a famous musician, comedian, or popular guru to make money on YouTube. You can get paid to be yourself! All you have to do is become a publisher and monetize valuable content on YouTube. Some publishers upload content full time and make a living uploading content. This has enabled them to have an impact worldwide.

Individuals can become financially independent after learning how to make money on YouTube. Of course, success does not happen overnight. Like any other business, it takes time, research and dedication to become successful. However, you can become successful and generate wealth if you devote yourself to learning how to make money on YouTube. If you put your best foot forward, you can become a top influencer and get paid monthly.

What is YouTube?

According to Wikipedia, YouTube is an online video sharing and social media platform. It is one of the world's largest social media platforms.

The world's most dominant video sharing platform provides a network for companies, businesses, brands, influencers and entrepreneurs to increase exposure to their brand or products. In addition, the network has created a pathway for partners to influence and make money online monetizing video content. Over the last five years, YouTube's network has paid over 2 billion dollars to publishers who monetize their videos.

Many businesses and institutions engage with their audience through social videos. For instance, universities have used the platform to engage with prospective students.

Some businesses use the platform to engage with their employees. They upload seminars to train employees and provide training courses.

By the same token, large companies, small companies, influencers and entrepreneurs use their channel for engaging with current and prospective customers.

At any rate, a majority of individuals who use the platform to catch the latest news, movies, gossip, among other forms of entertainment. Individuals can view pre-recorded videos or live stream videos from celebrities, business owners, content creators, TV shows, documentary films, music videos and much more. In other words, the video sharing platform provides just about every type of video content you could imagine. When in fact, the minority use the platform to get paid uploading videos.

The individuals that make up the minority are influencers who make money from monetizing content, sponsored ads, affiliate programs, their own brand and products, along with other opportunities as well.

Five Steps to Earn Money on YouTube

Make Money on YouTube

Many associates have partnered with YouTube's network to make money over the last decade. Average people are earning residual incomes, becoming content creators. Some associates who influence get paid hundreds (US) monthly, while others earn thousands monthly. Whereas, other associates earn millions of dollars on a monthly basis.

Read: How much do YouTubers make.

Step 1. Create YouTube account

If you are currently using Gmail as a source for sending and receiving emails, two thumbs up. You have already completed the initial step. For those who do not have any accounts associated with Google, signing up for a Gmail account is free.

Step 2. Select YouTube channel topic

I highly recommended choosing a topic that you're familiar with when starting your channel. Begin with your niche, a topic you're passionate about. It allows you to provide valuable content as a content creator. If you have a decent amount of knowledge about a subject, you can work more consistently and diligently. It allows you to work on things you enjoy.

Step 3. Find your YouTube niche

In the business world, a niche is a topic or subject you love. In addition, it's something you are good at doing. As a content creator, choosing a niche topic should enable you to create valuable content. Which should give viewers more of a reason to view your channel.

Step 4. Choose your YouTube monetization strategies

The fourth step is a process that involves choosing how you want to monetize. Your YouTube monetization strategy you choose will determine how much revenue you earn. Ways you can make money include; YT Partner Program, Google Adsense, YouTube Red Subscription Channel, promote websites or blogs or sell your own products. Keep in mind, you must upload videos regularly in order for your channel to be successful.

Step 5. Market your YouTube channel

The last step involves marketing your channel. You must market your channel to boost your traffic. Of course, increasing your traffic leads to more sales. However, it's advised to implement a marketing strategy. Strategically marketing your video will enable you to take your traffic to a whole new level.

Basically, strategic marketing is a process that focuses on detailed steps to reach and sustain your end goals. In a nutshell, strategic planning focuses on the corporation (you), customers (viewers), and competition (others with similar videos).

The strategic marketing plan enables you to concentrate your efforts on mobilizing resources to gain a sustainable competitive advantage. This is a central part of the process. Many content creators create videos without mapping out a long-term strategy. By properly executing the strategic marketing process, you can evaluate your long-term goals, competition, business environment, weaknesses, strengths, and identify new business opportunities.

    Analyzing your viewers - Understanding your viewers benefits both you and the view. By understanding the viewers, you will know their likes and dislikes, which enables you to provide services on the personal level. The influencer develops a relationship which can lead to the viewer subscribing to their channel.

    Analyzing your competition - This involves understanding your strengths and weaknesses, and an analytical comparison of you vs rivals. You must also consider the possibility of threats from competitors that may interfere with your objectives. It is important to learn about your competition before starting your channel. Identifying those in the same niche as yourself can give you a competitive advantage.

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