Saturday, December 07, 2019

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How to Make Money on YouTube

How to Make Money on YouTube

  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.

Nowadays you don't have to be a famous musician, comedian, or popular guru to make money on YouTube. You can be yourself and get paid uploading content videos. Truthfully, you can become a publisher and monetize videos. To be honest you can become a creator and make a living uploading content. More importantly, you can make a social impact and change the world.

How do you Make Money on YouTube?

Make Money on YouTube

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 been known to use 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. 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.

Likewise, the individuals that come to the platform for entertainment are provided with free content. Individuals can view pre-recorded videos or live stream videos from celebrities, business owners, content creators, t.v 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.

How Can You Start Earning Money?

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

Step 1. Create an 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. Choose a topic for your channel

It is highly recommended choosing a topic that you're familiar with when starting your channel. In other words, begin with your niche, a topic you're passionate about. It allows you to provide valuable content as a content creator.

Moreover, when people have a decent amount of knowledge about a subject, they tend to work more consistently and diligently. For the most part, people love working on things they enjoy. By the same token quality, videos must be uploaded fairly regularly in order for your channel to be successful.

Step 3. Find your niche

In the business world, a niche is a topic or subject that 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're channel.

Utilizing your niche allows you to be more flexible. Imagine yourself working from home, creating your own schedule, spending more time with friends and family. Doing what you love or enjoy doing for a living. Life can definitely be more enjoyable. Here are a few questions to think about.
  1. Can you show people how to do things? Can you show people how to fix cars, computers, ride bikes, raise kids, get jobs, write resumes, tie shoes or how to correctly floss your teeth.
  2. What problems can you solve? Can you answer problems concerning marriages, anger issues, websites, blogs or dating.
  3. Which questions can you answer? Can you answer questions about math, reading, health, food and nutrition, mental illness, sports, or religion.
  4. Which talent fits your character? Are you a talented musician, dancer, comedian, actor or actress, football, basketball, baseball, fishing, golfing, juggling, running, photographer or hair stylist?
Your idea does not have to come from this list. These are a few ideas to get your mind going. It's ultimately up to you to decide what fits you best. However, keep in mind your chances of success increases when you choose an idea you're passionate about.

Step 4. Choose methods to monetize

The fourth step is a process that involves choosing how you want to monetize. How you choose to make money on YT is up to you. Ways you can make online money free include; YT Partner Program, Google adsense, YouTube Red Subscription Channel, promote websites or blogs or sell your own products.
  • Affiliate products - Selling affiliate products can help influencers that do not have a business. Affiliate programs provide publishers with a business opportunity to earn extra money on the side and be their own boss. Why not partner with a popular company that has established their brand in the marketplace.
  • Create a Brand with Yondov - Yondo offers a few different ways for users to earn money. You can earn money monetizing webinars, live videos or live classes. Members can also get paid selling monthly subscriptions or pre-recorded pay per view videos. In other words, you can use Yondo to create your brand. Then begin promoting your business as you see fit. You can sell video courses, webinars or subscriptions.
  • Google-adsense - You have to be approved through (YPP) to begin monetizing. Ad placement is the most popular strategy. A majority of You-tubers use this method due to the fact it's user-friendly and already within the platform. Not to mention it's the largest advertisement placement network in the world.
  • Product placement - You can get paid 100 percent profit by placing your own product. More importantly, you do not have to split your money anyone; the money you earn is all yours. By far this strategy has the most earning potential.
  • Promote website or blog - Promoting or advertising through social video platforms can be rewarding. To tell the truth, many companies apply social video marketing to their marketing plan. It provides brand owners the opportunity to present powerful visuals to their customer base. Besides, some of their customers are using the platform to watch videos anyway, why not use the opportunity to promote.
  • Super Chat and Super Stickers - Super Chat and Super Stickers are only available through live chat. These offer ways to connect with fans through live chat. Fans can pay for your message to be highlighted within a live chat. In order to be eligible; you must have at least 1000 subscribers, be at least 18 years old, and live in an eligible county.
  • YouTube's merchandise shelf - YT partners must be 18 years old and have at least 10,000 subscribers to be eligible to sell merchandise.
  • YT Partner Program (YPP) - There are certain requirements that a publisher must meet before joining (YPP). (1)The publisher must have an active adsense account. (2) Publishers also must have watched 4000 hours in the last twelve months. (3) Content creators must have at least 1000 subscriptions. (4) Publishers must follow all YT monetization policies. (5) Live in a country where partnership is available.
  • YT Premium - YouTube's premium channel allows customers to enjoy their channel ad free. You must have at least 1000 active subscribers to offer YouTube premium to your fans. The revenue you earn is based on how many members watch your content. Customers that purchase a premium feature must be of age 18 years or older.
Keep in mind it takes a while to get your channel up and running. Therefore, it's essential to focus on building your brand.

Step 5. Market your 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 or a blueprint to successfully reach and sustain your overall end goals. In a nutshell, strategic planning focuses on the corporation (you), customers (viewers), and competition (others with similar videos).

A strategic marketing plan should be put in place to help your channel for the long haul. This is a very important 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. As a result, 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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