It pays big bucks to upload your video recordings to the video-sharing website YouTube.
Monetize your YouTube videos in the form of currency—whether by earning revenue with video ads or by landing paid sponsorship endorsements—is one way to make money with YouTube. But others are also popping up, such as using Youtube to boost profits in your online business.
The good part: Making money with YouTube requires very little effort. And in some cases, you can start to make money with YouTube in minutes. Most of these methods will earn a small, steady stream of cash. But others can add up to a great deal of money.
Pay close attention to these tutorials and you might find YouTube awash in moneymaking opportunities.
What is YouTube anyway?
Yes, we all know YouTube is a video-sharing website where users can upload a video, search for or watch a video on YouTube. But here’s some interesting facts you probably didn't know. YouTube receives 1 billion unique visitors monthly and 4 billion videos are viewed daily. The top-earning YouTuber (based on income) earns $12 million annually. But what’s most shocking is only 5% of Internet businesses use YouTube to promote their online establishment.
If you asked me what YouTub is, I would tell you it’s a gold mine ready to be picked! That’s because I earn an average of twenty-seven thousand dollars per year by capitalizing on those one billion users. That may not sound like a lot of money to some. But when considering I only spend two weeks per year uploading videos to the site. It makes YouTube the easiest way to make money on the Internet.
1. Make money diverting YouTube viewers to your online business.
Tens of millions of people visit Youtube daily. Some pay a visit to watch entertainment videos while others go to see tutorials about how to build an online business, learn the how-to’s of making money online, or to acquire information on how to solve financial credit problems.
With so many people visiting YouTube, why not redirect those potential customers to your e-commerce store to earn profit. Let’s put this into perspective. If one Youtube video can generate 1 million views, how much could you earn if 15% of those viewers were diverted to your businesses product page?
You’re probably asking the question, “what if I don’t have an online business, how am I going to get someone to change course and visit a website?”. Well, Weebly.com makes it easy to create a beautiful online store, website, or blog. In fact, you don’t need web design experience and you can build a complete website in a very short time.
The good news: You don’t need physical products to sell on your website to start making money diverting YouTube viewers to your online business. You can monetize your expertise into the form of an ebook or offer pay-to-watch videos on your site that detail your expert skill or knowledge in a particular field. You can also monetize a website with ebooks by becoming an affiliate for TradeBit.com.
So what if you’re camera-shy or don’t know how to create a video? I’m always reluctant to be filmed, and dread the thought of it. But that doesn’t stop me from netting huge profits from YouTube. There are ways to produce a video without broadcasting your face to the world.
Go to screencast-o-matic.com and download their screencast software for a small fee. A screencast is a digital video recording of a computer screen. It captures the actions taking place on your desktop computer. It allows you to record voice-over narration too. It’s perfect for making creative how-to tutorials that you can upload to YouTube.
If you have some extra pocket change laying around you can spend it on a professional business video. At Fiverr.com you can hire an experienced video producer to create a video starting at a cost of $5. I paid $180 for a high-definition video that generated me $6,000 in the first four months of being published on YouTube.
Listen, making money with YouTube is easy. The hardest part is discovering a product to sell that’s in demand. But when you find a sought-after product, it will sell itself. A good product makes the task of channeling YouTube viewers to your website a whole lot easier. At TradeBit there are thousands of marketable ebooks that you can start selling immediately. Some of these books generate me tens of thousands of dollars.
2. Earn revenue with YouTube video ads.
When you upload and publish a video on YouTube you have the option to monetize it by way of clickable adverts. Video advertisements appear beside the video playing, before the video begins and in search results.
Earning ad revenue with YouTube is simple: 1. Upload a video and publish it. 2. Go to Video Manger and click on the dollars sign ($) symbol displayed next to the video’s title. 3. Enable the Monetize with Ads option and save the changes. 4. Connect your Google Adsense account to your YouTube account.
You can also choose the type of ads you want to display, such as display ads, skippable video ads, sponsored cards or overlay ads. By default, YouTube will include all of these ad formats automatically.
The amount of money you earn from YouTube video ads will depend on how much time you invest uploading videos, the niche topic, and the number of views your videos get. For example, technical tutorials can yield more ad revenue than gardening videos. Some tech YouTubers have reported earnings of $100 for 30K views.
While some people make a lot of money with YouTube video ads, I think it’s a waste of time. Let’s put this into perspective. I have a small gaming channel that has a few thousand subscribers and generates a lot of viewers per month. For every 15,000 views I earn $2.55.
But consider this, just one of my YouTube tutorials can divert 230 viewers to my ebook site, per day. I generate an average of 13 ebook sales for every 230 visitors. At a cost of $6.00 per ebook, that’s a net profit of $78.00 from one single video. It just makes more sense to divert YouTube traffic to a website rather then trying to earn revenue with YouTube video ads.
3. Paid sponsorship endorsements.
A paid endorsement is the action of declaring one’s approval or support of a service or product in exchange for money. Some people call it a sponsorship, which is the act of receiving financial support for promoting a companies product or logos. Either way, this is another way to make money with YouTube.
But be warned, YouTube is clamping down on video creators who work directly with big brand companies who sponsor their products. Basically, YouTube wants big brand companies to pay Google to advertise on YouTube channels rather than paying video creators directly.
Furthermore, it would be a good idea to read the FTC Endorsement and Testimonials in Advertising Guidelines before operating under a paid sponsorship as you can be liable if a lawsuit arises.
To earn money with paid sponsorship or endorsement videos you’ll need to have a channel with a lot of subscribers and viewers. If you have both, you can make a decent living producing low key product review or testimonial videos, or simply plug a local business if it relates to the video’s topic.
For example, if you’re a master automotive mechanic and you record a lot of how-to repair videos. You could ask your local mom-and-pop auto parts store to reward you with a payment if you plug their online shop in your next video. This strategy might not rake in a lot of dough but it could earn you some extra spending money.
- Adding textual content to each of your videos can have a profound effect on the number of views you get. It can also cause your video to rank high in both Google and YouTube search queries—and that's where the moneys at. I suggest writing a 350 keyword rich article and publishing it with each video.
- If you provide useful or interesting information when producing your YouTube videos, viewers will show their appreciation and reward you for your services by liking your videos and subscribing to your channel. The more likes (thumbs up) and subscribers you get, the more traffic your videos will receive.
- Avoid creating videos that contain intrusive advertising. The goal isn’t to “just” advertise a product, your video must be helpful too. Furthermore, if YouTube believes your only intention is to make a quick buck, they might suspend your YouTube account.
Flare, Rick. “How to make money online with YouTube.” PayPerVids, 24 June 2019, https://www.howtomakemoneyonline.co/how-to-make-money-online-with-youtube/.
“How to Make Money With YouTube.” Paypervids, 12 June 2019, https://www.paypervids.com/3-ways-to-make-money-with-youtube-video-tutorial/.