It’s smarter to have multiple revenue streams, as your YouTube channels profit more when they achieve popularity. Although you need to start at the beginning; Instagram influencers or bloggers could also be used to create potential earnings.
1. Join Youtube Partner Program
Ad revenue is the first potential revenue stream. Whether you want to make money on YouTube by not creating videos or as a content creator, joining the YouTube Partner Program and setting up monetization are vital.
Content posted on YouTube can now be monetized, but you have to live in a country that accepts the YouTube Partner Program. Once your content has gained at least 1,000 subscribers and 4,000 hours of watch time in the past year, you’re ready to apply for monetization.
2. License your content to the Media
Now, you can get a share of the profits when your work reaches millions of people instead of just relying on your video receiving views, shares, or likes.
If your videos go viral you might be contacted by TV news outlets, morning shows, online news sites, and other creators of the video asking to use them.
You can list your videos on a marketplace that is easy for the right people to find and buy. Trusted Media Brands, such as YouTube, allow content creators to place their work where it will be found.
3. Work with Brands as Influencer
Brands are investing in influencer marketing and sponsorships, spending larger advertising budgets on influencers that have already won their audiences’ loyalty.
This creates a big opportunity for you as a creator if you negotiate the right deals.
When creating sponsored content, it is important to be transparent with your audience and endorse what you actually like and believe in. The key is to not try to mislead your audience into thinking that the content is independent and unbiased.
4. Be an Affiliate Marketer
Affiliate marketing should be permitted to help you earn revenue on YouTube without needing to reveal the revenue stream to your viewers. You have the potential to earn money by endorsing or promoting products and services made by other brands, as long as you provide disclosure for your viewers.
With a low barrier to entry, brands are rewarded in the form of easy money with YouTube reviews. Reviews often don’t require any manual content input, but can still be successful as long as they are significant and entertaining.
Popular affiliate programs include ClickBank (1% commissions to 75% commissions, depending on the vendor’s setting) and Amazon’s Affiliate program (up to 10% of sales). You also have an option to work with brands in your niche that has their own affiliate program. It is not uncommon for e-commerce-related fields.
5. Sell Products or Merchandise
You can make money not only through your YouTube channel but also with merchandise. The benefits of selling merch— t-shirts, coffee mugs, tote bags, and more—are many. One way you can reap this benefit is by making revenue.
Merchandise helps unleash your brand into the world at large, presenting it in physical form and allowing your customers to become even more invested in what you’re doing.