If you are an entrepreneur, you should be creating videos on YouTube. Your target audience is already there searching for the content you co
If you are an entrepreneur, you should be creating videos on YouTube.
Your target audience is already there searching for the content you could produce. Admit it, you love to do searches on YouTube too. It makes sense, YouTube is the second largest search engine.
People consume billions of hours of content every single day on YouTube. However, the average American spends 24 minutes on YouTube. The good news is, with a spectacular YouTube channel, many people will spend their limited time on your videos and you can cash out.
YouTube is a great place for your attraction marketing efforts and you can get paid in so many different ways.
She Boss Talk has a thriving YouTube channel so we know a thing or two about getting success on YouTube. That’s why we want to share 5 ways to make money on YouTube.
1. YouTube Partnership Program
Once your YouTube channel is set up, it’s time to create videos so that you can monetize your channel.
We’re keeping it real, your channel won’t be monetized overnight.
However, the most famous and successful YouTubers all started out with 0 subscribers.
Once you start creating videos and accumulating watch hours and subscribers you can start to make money from channel monetization.
You need 4000 watch time hours over a 12 month period and 1000 subscribers to start getting Adsense.
Adsense is money YouTube pays you when they run an ad on your video and someone clicks on it or watches it.
How Much Money Can You Make From the YouTube Partnership Program?
According to Influencer Marketing Hub, on average, you can make $3 – $5 per 1,000 video views.
While that may not sound like a lot, it adds up, especially if your video gets thousands of views or you have many videos.
Remember, this is just the average anyway, you can make more based on your niche and how advertiser-friendly your videos are.
Look at it this way, you upload the videos and you keep making money off them for years to come. You just have to put some effort into marketing them and you’ll have a reliable passive income stream that can reach 4-6 figures per year.
Yes, you can have a merch shop on your YouTube channel. You probably already have a Teespring store that you sell merchandise from. If you don’t you can set one up very easily.
When you get to 10,000 subscribers, YouTube allows you to integrate your Teespring store on your YouTube channel.
Your subscribers will be able to see all the products on your “YouTube Shelf”.
If you’re wondering what kind of merch to sell, you can simply ask them what they want.
It’s simple but it will save you the headache of designing something nobody wants and you’re guaranteed to make sales.
How Much Money Could You Make Selling Merch On YouTube?
According to Sell Merch, someone with 11,000 subscribers sells about 6 items per month which are around $70 in revenue for the month.
Of course, this will depend on how you price the merch, how well you are serving your subscribers and your promotion efforts.
3. YouTube Membership Programs
You can actually charge a fee to some subscribers to provide them with premium content if you have at least 1000 subscribers. In addition to that, you’ll have to be a part of the YouTube Partner Program.
The membership program will attract your most loyal subscribers. In exchange for subscribers paying a monthly fee, you give them exclusive and valuable content.
If you’re looking for ideas, here are some great ones:
- Exclusive access to live chats
- Live streams just for paid members
- Special emojis
- Valuable content that is just for your paid subscribers
- Discount codes for merch
We’re actually setting up our own YouTube Membership program. We have tons of perks in store for you. If you want to be among the first to know when we launch, join our waitlist.
How Much Money Could You Make From Launching a YouTube Membership?
It depends on how you price your membership tiers and how many people sign up. The price varies but typically, the memberships cost between $1.99 to $99.99. Therefore, you can work out the amount you want to make a strategy using perks, pricing, and promotion to achieve this.
These can be turned on the Creator Studio. It doesn’t require you to do anything else.
When you go live, people are able to select “Super sticker” or “Super chat”.
The viewers that pay for any of the Supers will be highlighted in the chat which gives them visibility. At the same time, you will get some money.
The more money the viewer pays the longer their comment will be visible so that gives them an incentive to pay more.
We use the money that we get from Supers for our women in business grants.
How Much Money Could You Make From Supers?
This is a little harder to predict because it’s dependent on whether or not the viewers want to utilize this feature and the amount they pay. However, if you have engaged followers who want to be recognized, they’ll pay for a super.
You can create a fundraiser or link to an existing fundraiser. You can generate income to a cause using this way. This isn’t about putting money in your pocket but putting it into someone else’s.
You can find this option in YouTube studio, go to Monetization then select Giving. From there, you will be able to select or start a fundraiser.
The donate button can show up on specific live videos that you do so that your viewers know they should donate. All you have to do is select the live videos you want the button to show up on.
How Much Money Could You Make From Giving
It depends on how much money your fans or subscribers want to give to the cause. Of course, urging and letting them know about the organization and why they need the money will definitely give you a few donations.
Ready to Conquer YouTube?
Your channel has so much potential to bring value to your audience and money in the bank. Even though monetizing YouTube can seem so overwhelming and time-consuming, it doesn’t have to be. Many creators are able to make it work and you can too. You just need a little guidance.
That’s why we’re launching a YouTube Masterclass to teach you how to not only grow your tribe on YouTube but get paid! Getting additional streams of income from YouTube can help you realize your financial and business goals sooner rather than later. Let us show you how to secure that bag. Grab our YouTube Creators Masterclass bundle so you can learn our strategy and tips to conquer YouTube.
By the way if you’re more of a visual learner, you can check out our video 5 Ways to Make Money on YouTube where we give you a 6th way you can make money.
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