Today, many people prefer video content to written ones. This is evident in the fact that YouTube has over 300 million daily visitors who watch as many as up to 5 billion videos a month. This is an excellent opportunity for anyone to earn money on YouTube.
In this article, we will discuss how you can make money through YouTube partner program or through alternative means.
A. Make money via YouTube partner program
While there’s a lot of money on YouTube, you can easily make some for yourself by uploading a viral video. However, chances of it happening are slim because viral videos occur once in a blue moon. The best way to earn money on YouTube is by building an audience by uploading interesting content regularly.
First, you need to identify the best niches with high viewership. Here are the top 10:
· Celebrity gossips
· Top 10 Lists
· News and current affairs
· Product reviews
· Food reviews
· How to videos
· Prank videos
· Animal and baby videos
Second, once you select a niche that you love, you will need to sign up and set up your YouTube channel. This includes your channel name, logo and description.
Third, you must start creating great content for uploads. You must ensure your content is engaging, inspirational, educative or entertaining and consistent. Consistency is important because you will improve on video creation when you don’t quit which means you can create better content than before.
You will qualify to become a YouTube partner when your channel hits 4,000 hours watch and it gets up to 1,000 subscriptions. This is not impossible if you work hard towards it.
B. Make money on YouTube through alternative ways
On January 16, 2018, YouTube announced its new eligibility requirements for its partner program. The new requirements which stripped many channels of the opportunity to make money on YouTube was that a channel can only be monetized when it achieves 4,000 watch hours and 1,000 subscribers in the last 1 months.
For many, this new update signals the end of their opportunity to earn money on YouTube. Perhaps, only the top 15-20 percent of YouTube video creators can meet the requirements. However, if you still want to make money on YouTube, there are other smart ways you can go about it. Below are three alternative ways you can earn money from YouTube in 2018.
1. Use YouTube to get traffic to your blog
If you have a blog, you must be aware of how important traffic is in relation to income generation. With Google’s last update, many blogs experienced negative hits that saw a sharp drop in their traffic. If you have a YouTube channel, you can easily regain traffic or even boost it
To achieve that aim, make sure you insert a link to your blog in the first line of your video description. You can also insert it in the video itself (if the name of your blog is easy to remember) so you can funnel your YouTube traffic to where you want it to go.
2. Promote others’ products as an affiliate marketer
As we discussed in our previous posts, affiliate marketing means promoting products in exchange for commission whenever a sale occurs. Many e-commerce websites offer attractive deals to affiliate marketers who promote their products. Examples of these companies are Jumia, Konga, Amazon, Ebay, etc.
You can also join affiliate networks like ClickBank, Commission Junction and ShareASale.com.
To make money from YouTube as an affiliate marketer, create “how to use this product” video tutorials or review the affiliate products. You can also research ideas on how to use YouTube for your affiliate marketing. Again, don’t forget to insert your affiliate link in the video description.
3. Teach: Share your knowledge via tutorials
Tutorials are popular on YouTube. If you search for tutorials on almost any topic, no matter how weird it is, you are likely to find it. Even if your ideas are quirky or you really have valuable information, you can still earn money by sharing them on YouTube.