How to Monetize your YouTube Channel

 

Are you a YouTube content creator? If you want to make money from your videos, monetizing your channel is an excellent place to start. You can begin to earn cash immediately thanks to YouTube's partner network and built-in ad system.

Let's walk through the processes to monetize your videos and look at other options for making money with your material.

How Much Money Can You Make After Monetizing Your Channel?

The number of clicks your ad receives, the length of your video, where your viewers are situated, and of course – the number of views your video receives to determine how much money you may make on YouTube.

For each ad view on YouTube, the average pay rate is between $0.10 and $0.30. Advertisement revenue might range from $3 to $5 per 1000 views for a popular YouTuber with a well-established channel. However, $1 to $2 for every 1000 video views are a more reasonable goal. To replace a full-time income, you'll need to generate more than a million views a month. As a result, many content producers do not solely rely on Google AdSense monetization.

It's worth noting that ad-free views from YouTube Premium subscribers can also bring in cash. In certain situations, YouTube gives creators a portion of its subscription earnings. YouTube takes a 45 percent cut of a creator's Premium revenues just like it does with ad-generated money.

YouTube's Partner Program

Joining YouTube's Partner Program is the most common way to make money from your YouTube channel. To begin, there are a few requirements to get accepted into the YouTube Partner Program. It would help if you did the following:

·       Have a minimum of 1,000 subscribers.

·       In the previous 12 months, you must have completed 4,000 hours of valid public watch.

·       Accept the terms and conditions by signing them.

·       Sign up for AdSense.

·       Get your application reviewed and approved.

·       Follow the Community Guidelines on YouTube.

·       Steps to Monetize Your YouTube Channel

·       For YouTube Studio, click your profile icon in the upper-right corner of the YouTube site.

Steps to Monetize your YouTube Channel

1.       Click on 'Monetization' in the left menu bar to access this feature.

2.       A "Apply Now" button will appear once you meet the prerequisites. It's here.

3.       Now that you've read and agreed to YouTube's terms and conditions, you can proceed. To avoid issues, make sure your location settings are correct. If your channel is not set to the right country, you may encounter difficulties.

4.       This link will help you get started with your AdSense account. Creating an AdSense account is as simple as filling out the form on the AdSense website with your name, email address, and the URL you want to advertise on. It is necessary to sign in to your existing AdSense account and link your YouTube channel to complete the process of connecting.

5.       An appropriate music license is required to make money from your soundtracked videos. Subscribing to Epidemic Sound gives you unlimited access to 35,000 songs and 90,000 sound effects to use in your productions.

6.       You'll have to wait roughly a month while your application is reviewed. You can try again in 30 days if you're not accepted this time.

Other Ways to Make Money on YouTube

You may make money from your YouTube channel in other ways besides advertising.

Pay-Per-Click

Video access can be sold using Paid Content. Even though you can choose the price of the video, YouTube will take a cut of the revenue. This may be the appropriate solution for a business-oriented YouTube channel selling a premium service. If you're using a more intimate platform, it might work, but your audience may not like this approach. You must agree to the terms of service in a document called a "Commerce Addendum" before you can earn money this way.

Super Stickers and Super Chat

YouTube's live broadcasting monetization tools include Super Chat and Super Stickers. A conversation member can pay to have their chat message highlighted using these options. This elevates it above simple text-based communication and offers you more motivation to engage with it. Because you owe it to the sender to respond if they pay you to receive a message, thanks to these features, it's a win-win situation when you can make money while also interacting with your audience.

Crowdfunding

The people who watch your YouTube videos might wish to sponsor you in the long run if you were to pursue a long-term goal or desire. If you've always wanted to publish a cookbook, make a short film, record a music demo, or explore the world for a year, your dedicated audience may be able to help you make it a reality.