YouTube is now the largest video-sharing site on the internet and has been ever since it was launched in 2005. The platform has surpassed 2 billion users as of July 2018. Now, as we enter 2021, over 3 billion users are signed up for this social media platform.
The creators that post videos on YouTube have skyrocketed. This is because there’s never been a better time for them to share their work and keep building an audience.
When YouTube first launched, you could only watch videos and comment and rate videos. However, now, there’s more to it. Now, many people upload content themselves and make money off their channels.
In this article, we will discuss how to get paid on YouTube and earn a livelihood. So, without further ado, let’s get to it!
How to Get Paid on YouTube
Here are some ways to make money on YouTube:
Applying for YouTube Partner Program
In order to get more money from your videos, you should sign up for the YouTube partner program. The YouTube partner program will allow you to make money from ads.
For your videos to be eligible for the YouTube Partner Program, you need 10,000 total channel views. When you are accepted into the program, an ad will run before or near your video, and it will give you a share of all revenue from that ad.
For eligibility, you need 1,000 subscribers and 4,000 watch hours in the previous 12 months to be accepted into the YouTube Partner Program.
You can check your subscriber count by going to your Video Manager and looking at the Subscribers number under Overview. Watch time is available for view on a video-by-video basis from the Analytics page.
Note: If you have less than 1,000 subscribers, you can purchase more real YouTube subscribers from our website. You can even get your views up on your YouTube videos by buying them from Adfluencer.
Additionally, the revenue share from an ad will be based on how your videos are monetized. If you only have the ads that play at the beginning of your video, you will get 55% of revenue from that ad.
However, if you also allow ads to be shown with the video, then you will get 45% of revenue instead of 55%. This is because people can skip when they are watching your video.
Doing Sponsored Videos
It can be difficult to make money on YouTube because there are so many people competing for the same audience. There are, however, ways to compete effectively. One way is to do sponsored videos.
When you sign up with a sponsor, they will compensate you for posting videos about their product or service. Generally, the compensation is around $500 per video, and the amount of payment is negotiated by individual sponsors.
To start doing sponsored videos, you need to find sponsors and negotiate your rates. There are two ways to do this – you can contact companies directly or through a middleman. You should always confirm that the company is legitimate and not a scam. Also, try to get your rate in writing.
Selling Products and Services
One way to make money on YouTube is by selling products. There are different ways of doing this, but the simplest is Pay-Per-Click. A person can set up an account with a service like Google AdWords and then attach it with their YouTube account.
This allows people to advertise their product or service through Google’s network of sites, then link that advertisement back to their YouTube channel.
If someone clicks on that ad, then they watch a video about the product or service being advertised. For every person who clicks on this video, money is earned.
The amount earned depends on how much the advertiser has bid for each click. If you have an advertisement with a price of $1.50 per click and twenty people click on the ad, you’ve earned $30 at that point.
That person can use that money to advertise another product or service through Google. If not, they can get paid by the advertiser who set up the account. Most people prefer to get paid by direct deposit. That said, there are other options like PayPal; however, this may take longer because of fees.
Connecting to Google AdSense
Another way to make money through YouTube is by using Google AdSense, which is the same system used on Blogger and other websites around the world.
This works in much the same way as Pay-Per-Click, except that you’re not paid for every click, but instead, you get paid based on how many views your video received.
The amount of money earned is much smaller than Pay-Per-Click because it’s usually only about $0.15 per view. But the good thing is that you’re paid for every view and not just the ones that resulted in a click.
For example: If your video was viewed 100 times and ten clicks were earned, you’d get $15. If it was viewed 1000 times and only fifty clicks were earned, you’d still get $75.