Once your channel starts growing, it’s time to start exploring all the ways to make money on YouTube because there’s more than one way to do so.
YouTube ads will be a large part of your revenue but to really grow financially, you’ll need to expand with all these other ways to maximize how you make money on YouTube.
8 Different Ways To Make Money On YouTube
Join the YouTube Partner Program
The YouTube Partner Program is what provides users access to special features.
You don’t need to be a partner to monetize your YouTube channel, but it’s definitely much easier if you are one.
Videos on YouTube can generate a lot of money for their creators in a number of ways: you can earn from video ads, sell Premium subscriptions, or use features channel memberships, super chats, and more.
Sell your own merch
You don’t have to be a hardcore entrepreneur to have your own product. That’s why selling merch on the platform is a great way to make money on YouTube.
You don’t have to rely on YouTube’s monetization. With your own merch, it creates a second revenue stream.
There are tons of platforms that let you design your own merch. Then, the platform will take care of every other step.
Create sponsored content
Sponsorships are a great way to increase your earnings as an influencer. With sponsorships, you don’t have to give a cut to YouTube. You get to directly negotiate with brands and keep all the earnings. There’s a reason why sponsorships are highly sought out on the platform.
If you’re able to provide over a large and/or engaged audience and your content is relevant to what they would like, you can reach out to them in order to engage in discussion.
Become an affiliate partner
If your YouTube audience is loyal and engaged, but not big enough, consider looking for companies investing in affiliate marketing.
YouTubers are incentivized to promote specific businesses, products, or services through their videos, which then earns said YouTuber a commensurate cut of the proceeds. This is accomplished through affiliate links.
One of the most popular affiliate programs is from Amazon. It’s considered one of the most lucrative ways to earn money on YouTube.
Get your fans to pay you directly
This strategy for making money on YouTube includes a few different ways to make money, but they all offer similar benefits: you need to give your fans an easy way to show their appreciation.
You can start live streaming and have your viewers use the super chat. You can also have them become members of your YouTube channel.
You can create a Patreon and have your fans subscribe to access exclusive content. This is a great way to expand your fan base from YouTube and develop a new stream of income.
On Patreon, you can give your paying subscribers access to more intimate and personal content. You can also reward them with physical rewards like merch.
License your content to the media
If you’re able to create viral videos, then you have high chance of being able to license your video to networks. They’ll pay serious cash for your video.
That’s why it’s a great idea to have your contact information easily accessible. If networks don’t’ reach out, you can always reach out first.
Drive traffic to your website
If you don’t have a website or blog, then you need to create one now. If you can drive traffic to your blog, then you can make some serious money from advertisements.
With Google Adsense, you’re able to easily monetize your website. If you can drive your subscribers to your blog or website, then you’ll have another profitable revenue stream.
Conclusion On How To Make Money On YouTube
We hope your learned a thing or two from our list of all the unique ways to make money on YouTube. Growing on the platform isn’t easy but it’s definitely worth it, especially when you take advantage of it financially.