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Making Money Through YouTube in 2023

G

Goldynn

Member
AfriCoin
-760
A lot of content creators now make use of YouTube to make money. YouTube itself is used by advertisers to target their potential clients,and they pay the creators out of this.

To make money with YouTube, you need 4,000 watch hours combined and 1,000 subscribers minimum. This cam be hard or easy to achieve. You can start with something you're passionate about. The thing is, make sure that it's also something people are interested in. Fir example, if you're fond of studying the geography of Nigeria, that will be a hard niche to get traffic.

Things like comedy, DIY, showing your daily life get a lot of views, but it's hard to stand out because too many people are there. The key is to find something that's not too saturated but not obscure, then grind hard for at least one year.

Also, it will help to have another source of income so you will be less bothered about the growth rate as a beginner.
 
It is possible to make money from YouTube through ad revenue and that could only be done when you enable monetization on your channel through the YouTube partnership program . You are going to gain from the ads revenue that was shown in the video. To qualify, you need 1000subscribers and 4000 watch hours in the past of month.
 
Sponsored content could make you gain substantial amount of income . You need to collaborate with brands and companies for you to get sponsorship on your videos. The company is going to pay you to feature their products or services in your content and you will make substantial amount of income from it.
 
Promote affiliate product product or services on your video descriptions because that is how many people earn commission everyday by producing videos and sharing in the description and earn money from the sales they are able to generate through the affiliate links..
 
Create and sell branded merchandise on your video . You can sell merchandise like t-shirts, hats and mugs to your loyal customers . A lot of YouTubers have been able to make substantial amount of income through this method and it's very effective.
 
Crowdfunding platform like patreon could allow you to offer exclusive content or benefit to subscribers and they will support you through a monthly donation. I have seen a lot of YouTubers make money through this method and they were able to generate substantial amount of income.
 
If you have live audience, you can receive the super chat during live streams and you will able to offer channel membership to paying subscribers. This is another wonderful method that could be utilised to make money from YouTube in a great way
 
Some of the viewers may voluntarily contribute to a channel through platforms like PayPal or buy me a coffee and this will only be possible if you are offering engaging content that add value to the viewers. It is important to emphasize quality content on youtube channels.
 
Offer digital product like selling of ebooks or you can sell online courses on your YouTube channel. This is a great way to generate money from selling digital products and you will make huge amount of income if you have enough following on your videos.
 
E-commerce is one of the ways to generate money and you can only do that if you share the link to your ecommerce store on your YouTube channel in order to drive sales. The link can be posted on the description of YouTube videos. This is an effective money making opportunity.
 
Hosting paid webinars and workshops or online classes related to your niche is a very good way to make money from YouTube channel. I've seen a lot of people do this on their YouTube channel and they are able to make decent income from it on the long run.
 
If you are an expert in your niche, you can offer one-on-one consulting or coaching sessions which will be one of the way to generate money from the YouTube because you're going to charge them a fee . This is only possible if you have expertise in a particular niche
 
It is important to create an individual's or product reviews for companies that are willing to pay for your expertise and that could be advertised in a YouTube channel and you will reach a lot of audience if you have enough following on the youTube.
 
If you are able to write high-quality content, you can consider licensing it to media outlet and you must ensure that the content you want to license is unique because that is how it will be possible to consider licensing it to a stock footage website.
 
Conducting live performances or concert is definitely one of the ways you can make money from YouTube as a musician. You can stream performances or concert which will generate money for you by charging people for access to the concert. It is one of the ways to generate money.
 
You can receive donation and tips on on platforms like streamlabs or ko-fi . streamlabs or ko-fi allows you to receive donations and tip from your viewers and it's a great way to generate huge amount of income from the YouTube channel if you know about it.
 
Podcasting is one of the ways you can repurpose your YouTube content . You can rearrange a YouTube content into podcast episodes and you can also monetize it through sponsorships and ads . Podcasting is a very good way to make money online effectively.
 
You can offer channel membership of different level to the subscribers and you can give them exclusive perks. I have seen a lot of YouTubers utilised this medium to generate substantial amount of income provided they are expert in their niche.
 
Staying updated on the YouTube latest features and trends is one of the ways to optimise your monetization strategies you must always be updated with the latest features so that you can take advantage of any opportunity that is presented by YouTube.
 
Engaging your audience would allow you to build a strong community. A lot of YouTubers failed in this regard because they do not engage their audience and it will lead to people leaving the channel. If you engage the audience, it can lead to higher membership and donations.
 
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