3 Ways Ordinary People Are Making Money on Youtube and How You Can Do The Same.
Thousands of ordinary people are making millions with YouTube...and in this post, I'm going to reveal exact how.
So there you are, sitting in bed with your phone flipped sideways and headphones in, watching one of your favorite music channels, a makeup tutorial, a “how-to” video, or one of many prank channels you're secretly addicted to.
At first, you probably think these people upload all their content for free.
And sure, they might have started out that way, but I'm here to tell you that some of YouTube’s most-watched channels are making money—and a lot of it.
It's not Rocket Science, and if you had a proven blueprint to follow you can certainly do it too.
How Much Money Do Youtubers Make?
The highest paid YouTuber is actually a 9 year old boy, Ryan Kaji who raked in 29 million in 2020. His toy review YouTube channel - Ryan's World has over 30 million loyal subscribers.
Ryan makes a large part of that income directly from sponsorship deals from toy makers (but more on that later).
29 million may seem unattainable, but for every super successful Youtuber there are 1000 ordinary people like you and me making a full time income uploading videos to the platform.
This of course doesn't come without hard work and consistency.
Most 'would be' Youtubers upload a group of random videos without first determining who their target audience is and are people actually searching for the information they produce.
Finding a profitable niche and producing videos that solve their problems and answer their questions will get you lifelong subscribers who will consume and share your content.
Engaging content with good quality and captivating effects can help your videos stand out.
How To Make Money On YouTube? - The 3 Best Ways To Earn A Full-Time Income
Savvy YouTubers diversify with multiple income sources instead of just one. The main income streams YouTube stars use to build real income include:
1. The Youtube Partner Program (Ad Revenue)
The first step a YouTuber can make toward monetizing their videos is joining the YouTube Partner Program.
This allows YouTubers to be paid through views and through advertisements served on their page.
Since 2018, you have to meet certain qualifications before being approved by the YouTube Partner Program.
Your channel must have 1,000 subscribers and have reached 4,000 watch hours in the past 12 months.
Once approved, you can start making money through advertisements.
Using Forbes’s estimated pay rate of $5 per 1,000 views, a YouTube video with 1,000,000 views can make upwards of $5,000, which makes being a modern-day influencer a pretty lucrative job!
The beginning is the hardest. But if you commit to releasing quality content constantly you will gain subscribers and have more people watching your content and more chances of they watching/clicking the ads.
2. Affiliate Income - promoting other peoples' products
This is my favorite way of making money from YouTube. With the right strategy and programs, it can really become a passive way of income.
Affiliate marketing is when a company pays a commission to YouTubers for traffic or sales generated from the YouTubers’ referrals.
YouTubers receive a special referral link - if a sale is made after someone clicks the link then purchases a product on the company's website, the YouTuber will earn a percentage of that sale.
It’s important to promote products and services that are relevant and actually helpful to your audience.
If you use a product and would recommend it to your friends, why not recommend it to your viewers?
The way content creators make this is usually through one of the following:
Sharing a solution for a problem by recommending the product
An unboxing video of the product you’re trying to sell
A review video of the product or service
You have probably seen these before with the invitation to check the link (or several) in the video description. Those links lead directly to the affiliate product or service.
3. Sponsorships - working with brands
Sponsorships are how you know you’ve made it. Brands won’t risk investing in a YouTuber unless they’ve proven themselves successful.
Once a higher level of subscribers is reached, YouTubers can start making money through brand partnerships and sponsorship deals.
Depending on your success, you can either reach out to brands, starting with smaller ones, or have brands reach out to you.
YouTubers charge brands anything from $10 to $50 per 1,000 views or $10,000 to $50,000 if the video hits 1 million views.
It can be a one time video, a product launch, or a full sponsorship of the YouTube channel where the YouTuber recommends or mentions the product in every video.
Just like with affiliate partnerships, you need to focus on brands and companies that are a good fit for your audience.
If they feel like you are endorsing a brand that you wouldn’t use or they don’t like, you will lose their trust and engagement.
YouTube Is an awesome way to make money online.
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