How to Monetize your Youtube Channel
Youtube is a fun way of allowing people to showcase their talents, passions or opinions online – however there are hundreds of people that have actually struck it rich through their videos. Youtubers such as Syndicate, Roman Atwood, KSI and PewDiePie are just a few content creators that have made millions of pounds through their channel. Many people think you need millions (or at least hundreds) of subscribers to earn money through Youtube, but this is not the case. You can start making money through your videos regardless of how big your channel is, and we are going to show you 5 ways of doing so in this short article.
The most common way of making money through Youtube is by using a Google Adsense campaign. To do this, you’ll have to start by making a Google Adsense account – the earlier you create this account the better as sometimes you will have to verify your identity, which can be a lengthy process. After you’ve got your Adsense account, navigate to ‘Creator Studio’ by your icon in the top right, then visit the ‘Channel’ tab. Here you will an ‘Enable Monetization’ button. Once you’ve clicked this, you should get a confirmation email that allows you to link your adsense account to your Youtube channel. Once you’ve done this, you can go through all your Youtube videos and monetize whichever you want!
Join a Network
Networks are often better paid than Google Adsense and also come with other benefits, such as free creation tools. Joining a network is incredibly easy and once you’re accepted, they do all the work for you in terms of monetization. To pick the right network, we would recommend checking out our Best Networks for Youtube Channels blog. Once you’ve made your mind up, all you’ll have to do is visit the networks website and associate your account, they will then email you with confirmation and anything else that is required.
Sponsorships are sometimes hard to find, but are a great way of getting some free products to test out and share with your audience. Where you apply for sponsorship very much depends on your channel genre and channel size, simply do a Google search along the lines of ‘Gaming Sponsorships‘ or ‘Makeup Sponsorships’ and apply for whichever appeal to you. A top tip for receiving a valuable sponsorship is including a visible business email address on your social media profiles, that way business owners and marketers can contact you. We would also recommend that you link this email to your phone, so that you can reply in a timely manner.
Affiliate sales are used across all social networks, it is essentially where you sell something on behalf of another business and receive a percentage of the profits (This is often called a ‘commision’). The best bit about affiliate sales, is that you often don’t have to wait for approval and can start selling immediately. Firstly, you’ll have to find a product within the niche of your channel, which is surprisingly easy to do. For example, it you have a gaming Youtube channel, simply type ‘Gaming affiliates’ into Google and pick a product you’re knowledgeable about. Then all you have do is make a video about your chosen product, with your unique affiliate link in the description. Every time someone makes a purchase through that URL, you will get paid!
Sell Description Space
If you manage to create a video that gets a constant stream of viewership (100+ daily), your description is actually very valuable. A business will often pay a handsome sum of money monthly for a link in your description, especially if your video is within the same niche as their product/service. If you have a video like this, sign upto websites like Fiverr and SEOClerks and offer your description space for a fee. You’d be surprised how valuable this actually is, it’s not uncommon for a business to pay $100+ per month for description advertising.
That’s the 5 ways you can go about monetizing your Youtube channel. The most important tip for earning money on Youtube is being easy to contact, so that business owners and marketers can connect with you and share propositions. If you create good content and have visible contact methods, you’ll soon start to cash in on your videos (Which you can then use to further grow your Youtube channel!)