How to make money on YouTube in 2024
Making money on YouTube is one of the best things that can happen to anyone looking for how to earn passive income online. It may not be easy, but it’s worth it.
YouTube has become more than just a platform for sharing videos, it’s also a big source of income for many content creators.
If you’re interested in learning how to make money on YouTube, then this article is for you.
You may also want to find out the Best Products to Sell Online in 2024 to learn items you can promote on your YouTube channel and make money.
How to make money on YouTube in 2024
Table of Contents
1. Ad revenue
The common thinking of some people who want to make money on YouTube is that ad revenue is the only way out, but little do they know that there are other ways which I am going to let you know about in this discussion.
To make money on YouTube through ad revenue, you need to create a YouTube account and your own channel using your email address.
If you already have an email address, automatically you have a YouTube account.
After you are done creating a YouTube account and channel.
The next thing to do is to choose a niche or topic that you’re passionate about which has many audiences, then start creating and uploading videos on YouTube.
Your channel needs to be eligible for monetization. This requires meeting YouTube’s requirements, such as having at least 1,000 subscribers and 4,000 watch hours in the past 12 months.
Then connect your YouTube channel to a Google AdSense account. AdSense is Google’s platform for managing ad placements and payments.
Once you’re eligible, enable monetization for your videos. This allows ads to be displayed on your content and you will start earning based on views.
2. Sponsorships and brand deals
This is another way to make money on YouTube which is different from ad revenue. Start by partnering with brands or companies for sponsored content.
They may pay you to promote their products or services in your videos.
Before brands are interested in sponsoring your content, you need to have a strong presence on YouTube.
This includes having a decent number of subscribers, high-quality content, and good engagement from your audience.
You also need to have a specialized niche and Know your target audience. Brands are more likely to partner with creators whose content aligns with their products.
3. How to make money on YouTube – Affiliate marketing
Affiliate marketing could be your solution if you are looking for how to make money on YouTube without ad monetization.
This is done through the promotion of products or services and earning a commission for each sale or action generated through your affiliate links.
Choose a niche or topic for your YouTube channel that aligns with the products or services you want to promote as an affiliate marketer.
Sign up for affiliate programs related to your niche or topic. You can register on popular affiliate networks like Amazon Associates or Clickbank that offer a wide range of products and services to promote.
Develop high-quality content that informs, entertains, or educates your viewers. Your videos should naturally incorporate the products or services you plan to promote.
In your video descriptions or within the video itself, include affiliate links to the products or services you’re promoting.
Use affiliate tracking tools provided by the affiliate programs to monitor clicks, conversions, and commissions earned. This helps you assess the effectiveness of your affiliate marketing efforts.Make Money Online Free for Students -15 Ways (2023)
Encourage viewers to click on your affiliate links by including clear and compelling CTAs in your videos, such as “Check out the product in the description below.”
Always disclose your affiliate relationships to your audience. Transparency builds trust and maintains your credibility.
4. Merchandise sales
You can make money on YouTube through merchandise sales by creating and selling your own branded products to your audience.
This could include t-shirts, hoodies, hats, mugs, posters, stickers, or any other items that your audience will like. You can also include gift cards.
Partner with a printing and trusted company that can produce your merchandise on demand. Services like Printful, teespring, and Printify can handle printing, packing, and delivery for you.
Interact with your viewers and ask for their suggestions on merchandise designs and ideas. This helps create a sense of community and increases engagement.
Make sure that the quality of your merchandise is top-notch.
Satisfying your customers should be your priority, this is because satisfied customers are more likely to recommend your products to others.
5. How to make money on YouTube – Crowdfunding
Crowdfunding can be another smart way to get started if you are looking for how to make money on YouTube without ad revenue. You may also like to read how to make money from photography.
This can be achieved through crowdfunding by using platforms like patron, ko-fi, or YouTube channel memberships to receive financial support directly from your viewers.
Create an engaging and informative profile on your YouTube platform. Explain what your channel is about, the benefits of supporting you, and the rewards or perks for different support levels.
Always mention your crowdfunding campaign in your videos and video descriptions. You can put your crowdfunding link in your description box.
Create a pitch video or dedicated content explaining why viewers should support you and what they’ll get in return because nobody wants to waste his or her resources.
Be transparent about how you’ll use the funds. Whether it’s to improve video quality, hire additional help, help the less privileged, or fund creative projects, your audience should understand the purpose.
6. YouTube premium revenue
Here is another way to make money on YouTube by creating content that appeals to YouTube premium subscribers, those that watch your content without ads.
To earn money from YouTube premium revenue, you need to be part of the YouTube Partner Program (YPP).
This program is usually open to channels that meet certain criteria, including having at least 1,000 subscribers and 4,000 watch hours in the past 12 months.
YouTube premium subscribers pay a monthly fee to enjoy ad-free content and access to YouTube originals.
Creators receive a portion of the subscription revenue based on watch time from premium subscribers on their content.
Once you’re part of the YouTube Partner Program (YPP), you can also enable monetization for your videos if you want, by allowing ads on your content to generate additional revenue.
Start creating engaging, high-quality videos that capture and retain viewers’ attention.
Longer videos and higher audience retention are more likely to earn money from YouTube premium subscribers.
Always adhere to YouTube’s policies regarding content and monetization. Avoid using copyrighted material without permission and always follow community guidelines to avoid demonization and other penalties.
You can use YouTube analytics to track your earnings from YouTube premium subscribers. This data will help you understand which videos are generating revenue and how to optimize your content strategy.
7. Fan donations
Here is another good option to choose if you are wondering how to make money on YouTube with ad monetization. How to Make Money From Home as a Teenager (2024)
You can earn money through fan donations by enabling features like super chat or channel memberships on your videos especially on live videos.
Super chat is a feature that allows viewers to pay in order to have their messages highlighted during live streams. To enable super chat, you need to meet specific eligibility requirements set by YouTube.
If you have over 30,000 subscribers, you can enable channel memberships on your YouTube channel.
This allows viewers to become members by paying a monthly fee that will enable them to gain access to custom badges, emojis, and other perks.
In order to receive fan donations money from your YouTube channel, you’ll need a PayPal or another payment processor account linked to your YouTube channel.
Make sure your payment information is correctly set up to avoid paying wrongly as you will not have youtube responsible for that.
8. Courses and ebooks
You can make money on YouTube by creating and selling courses and ebooks. Start by making use of your skills and knowledge to create outstanding educational courses.
It’s important to focus on your area of expertise or the subject you’re passionate about and knowledgeable in, this will make it an easy-going job for you.
You can also record engaging and high-quality video lessons for your course, making sure they align with YouTube program policies.
To make it easier and more understandable, you need to first of all outline the content you want to cover in your course.
Structure it into modules or lessons, always make sure it provides value and solves a problem for your target audience.
As for ebooks, you also need to choose a topic that you have expertise and knowledge in. Write your ebook in a well-structured and easy-to-read format.
You can use tools like Microsoft Word or Google Docs for easy writing and then convert it into ebook formats like PDF or ePub. These tools will automatically check for grammatical errors in your writing and will correct them accordingly.
Design a professional cover for your ebook, especially the one that attracts attention and reflects the content of your ebook. Make it outstanding, then sell and promote it through your YouTube channel.
9. How to make money on YouTube – Consulting or coaching
Are you still wondering how to make money on YouTube without ad monetization? Consulting/coaching is here to help you kick-start this journey.
You can make money on YouTube through consulting or coaching by utilizing your expertise and rendering personal services to your viewers.
Determine your area of specialization or topic that you can offer as a consultant or coach in order to provide value to your audience. Don’t forget to follow the YouTube program policies while producing your content to avoid penalties.
You should let your audience know in your videos that you offer consulting or coaching services. Add a call to action encouraging viewers to reach out to you for personal guidance.
Set your consulting or coaching fees based on your expertise, the market demand, and the level of support you provide. Think about offering trial sessions or discounts to attract initial clients.
Also, provide free resources or downloadable guides related to your consulting or coaching topic as a way to attract potential clients.
Make sure your consulting or coaching sessions are productive and focused on helping your clients achieve their goals. Encourage regular feedback from your clients.
This will help you to develop strong relationships with your consulting or coaching clients. Direct your consulting or coaching to their individual needs and provide ongoing support.
10. Youtube shorts fund
If you are good at creating short-form content, the YouTube Shorts fund is here to help you make money on YouTube. Being eligible for the YouTube shorts fund rewards creators for popular short videos.
Start by creating engaging and high-quality short videos in vertical format (under 60 seconds) specifically for YouTube shorts. You may choose content from funny skits to quick tutorials or entertaining snippets.
Make sure your short content complies with YouTube’s policies, including copyright and community guidelines, to avoid issues or demonetization.
Encourage viewers to like, comment, and share your short videos to other social media platforms like Facebook, WhatsApp and Twitter. High engagement can help your content gain more visibility.
Also, utilize relevant hashtags in your Shorts’ descriptions to increase discoverability. This can help your content reach a wider audience.
Consistently create and upload shorts to keep your audience engaged. Frequent uploads can improve your chances of getting noticed by the YouTube shorts fund.
Ensure that you are eligible for the YouTube shorts fund. Eligibility criteria may vary by region and are subject to change, so it’s essential to stay updated with YouTube’s policies.
From time to time, check YouTube’s official announcements for updates on the YouTube shorts fund program. Eligibility criteria, payment structures, and other details may change over time.
Always use YouTube analytics to track the performance of your short content. Understand which videos are resonating with your audience and continue to create similar content.
Create catchy titles and eye-catching thumbnails to attract more viewers to your shorts. Learn how to respond to comments and engage with your audience to build a loyal fan base. Remember that active interaction can lead to increased views and engagement.
Making money on YouTube is achievable if you are dedicated and consistent, always make sure that any content you upload or want to upload on YouTube is high-quality content that follows the YouTube policies.
By choosing a niche you are good at, and applying SEO, and encouraging your viewers to like, subscribe, and share to other social media platforms, you will be able to make money on YouTube without much hassles.
Don’t forget that success on YouTube often comes to those who work hard and continually improve their skills and content, it does not just come overnight, it’s a gradual process.