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How much can you expect to earn with YouTube?
YouTubers make an average of $0.018 per ad view, which equates to $18 per 1000 views, according to Influencer Market Hub. To increase your income there are several revenue streams you can explore including, merchandise, affiliate marketing, and selling digital products or courses.
Here’s a simple guide to earning with YouTube.
YouTube Partner Program:
To join the YouTube Partner Program, you need to have at least 1,000 subscribers and 4,000 watch hours in the past 12 months.
Once you’re accepted into the partner program, you can monetize your videos with ads.
You need to link your YouTube channel to an AdSense account to receive payments.
Channel Memberships:
Once you reach 30,000 subscribers, you can enable channel memberships on your YouTube channel.
Channel memberships allow viewers to become paying members of your channel in exchange for perks like badges, emojis, exclusive content, and access to members only live chats.
You earn a monthly recurring revenue from channel memberships.
Super Chat and Super Stickers:
During live streams, viewers can purchase Super Chats and Super Stickers to highlight their messages or to show support for your channel.
Creators receive a share of the revenue from Super Chats and Super Stickers.
Merchandise:
If you’re in a qualifying country, have over 10,000 subscribers, and have never had a significant policy violation, you can use the merchandise feature.
You can sell your merchandise, such as apparel, accessories, or digital products, directly on your YouTube channel.
YouTube Premium Revenue:
Creators receive a share of the revenue generated from YouTube Premium subscriptions based on the watch time of their content by Premium subscribers.
Sponsorships and Brand Partnerships:
Collaborate with brands or sponsors to create sponsored content, product placements, or endorsements on your channel.
Affiliate Marketing:
Promote products or services through affiliate links in your video descriptions or through sponsored content.
Earn a commission for each sale or referral made through your affiliate links.
Crowdfunding and Fan Support:
Use crowdfunding platforms like Patreon to receive direct support from your audience in the form of donations or monthly contributions.
Offer exclusive perks, rewards, or behind the scenes content to your supporters.
Sell Digital Products or Online Courses:
Create and sell digital products, such as e-books, guides, presets, or online courses, related to your niche or expertise.
Use platforms like Gumroad, or Etsy to host and sell your digital products.
Diversify Revenue Streams:
To maximize your earnings, consider diversifying your revenue streams and exploring multiple monetization options.
Remember that building a successful YouTube channel takes time, effort, and consistency.
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