How To Make Money From YouTube: 6 Easy Ways To Earn Passively in 2020!

How To Make Money From YouTube: 5 Easy Ways To Earn Passively in 2020!

Want to make money from YouTube by monetising your account? If yes, then this is the right place for you.

So, at last, you have decided to start your career and make money from youtube.

That’s a great decision. I welcome those who want to join in this massive opportunity because it is a good source of income. When there is more demand, there will be a huge opportunity, as well.

So in this guide, I am going to explain about creating a YouTube account, monetise it with 6 different ways so that it can help you to earn passively.

Introduction

Before we jump into the topic, I just want to give a glance about YouTube.

  1. Youtube is an online video sharing platform where users can like, share, comment and upload their videos.
  2. It was started in February 2005 by Steve Chen, Chad Hurley and Jawed Karim and Google bought this site in November 2006 for $1.65 billion.
  3. The first video was uploaded on 23 April 2005.

Here are some fantastic facts on Youtube:

  1. Youtube has 2 billion active users and gets over 30 million visitors per day.
  2. Almost 1 billion hours of videos are watched on Youtube every single day!
  3. 500 hours of video are uploaded to Youtube every minute worldwide.
  4.  More than 70% on Youtube watch time comes from mobile devices.
  5. It is the 2nd largest search engine followed by google.

To monetise your channel, you need a channel. If you don’t have, read below.

If you have one, you can skip this topic.

How to create a Youtube channel?

To create a Youtube channel, you must have a Gmail account. If you don’t have, no problem, you can create – Click here.

If you have one, you can proceed further by following the steps below.

NOTE: These steps can be done on any device like mobile, PC/Laptop and tablet.

Step 1: Visit the website and locate the profile which is at the top right corner.

Step 2: Now select the profile and in the drop-down menu, select the option “Create a channel”. After this, you will see a popup.

Step 3: Select get started, and after that, you have to choose any one of the options (I recommend you to select a custom name for your channel).

Step 4: Choose your name, select the terms below and click on Create.

Step 5: Now upload a picture, add some description about your channel and add the website and social media links to it and select “save and continue”.

Congratulations! You have successfully created a Youtube Channel. Now you can upload any videos and also customise your channel more if you want.

Now let us discuss about monetising your channel.This is main thing to know before you make money from Youtube.

(Important) Things you need to remember before you monetise your channel.

You cannot monetise your channel right away after creating it. Usually, it takes some time. Youtube doesn’t support you like that. It is very strict considering some set of rules and policies.

Breaking some rules may end up banning the account. When you apply for monetisation Youtube verifies everything. So be very cautious.

In order to monetise, you need to satisfy some minimum requirements which are provided by Youtube. If any of the options are disabled in monetisation, it means that you didn’t meet minimum requirements which we will talk about that later in detail.

6 different ways to monetise your account:

Here you will get to know on how to make money from Youtube (6 ways). Be ready to explore!

1) Youtube Partner Program

The first revenue that you’ll earn is from ads. Whether you want to earn money without making videos or as a content creator, joining this program and setting up monetisation is a vital step.

Now the main question arises is that how many views we need to make money? Or how much money we make per 1000 views?

In short, my answer to the first question is that you cannot make money like that. You need to monetise, otherwise all the efforts will go in vain!

I mean that the number of views you get, doesn’t correlate to revenue earned. If your video gets thousands of views, but no one watches or clicks the ad, you won’t make any money.

And also there is no guarantee the total number of views matches the numbers of ads displayed. For example, if you got 1000 views, you may get 100 – 200 impressions (numbers of ads shown).

It is also dependent on the country from where the viewer is watching as some countries pay more for ads clicked than others.

It is because of YouTube’s criteria for billing advertisers: a viewer must click an ad or watch the ad in full (10, 15, or 30 seconds) for you to get paid.

My answer to the second question is that it depends.

There is no definitive answer to how much 1000 views are worth. There are many factors including,

  1. the industry you choose.
  2. How many people click your advertisements?
  3. The type of ad displayed.
  4. The country you are located in, etc.

Additionally, advertisers create a Google AdWords account to place Youtube ads and choose their ad strategy based on either paying on a Cost per view (CPV) or Cost per click (CPC) basis.

However, with the release of YouTube Premium, you no longer need to rely on advertisers to create engaging or enticing ads to earn revenue.

Minimum requirements to apply for the Youtube Partner Program,

  1. Live in a country or region where the Youtube Partner Program is available.
  2. Have more than 4,000 valid watch hours in the last 12 months.
  3. Should have more than 1,000 Subscribers.
  4. Have a linked AdSense account.

How to enable monetisation on YouTube?

Step 1: Sign in to the YouTube account you want to monetise.

Step 2: Select the profile which is at the top right corner and in the drop-down menu

Step 3: Select “YouTube Studio” option.

Step 4: In the left menu, select “Monetisation”.

Step 5: Read and agree to the YouTuber Partner Program terms.

Step 6: Create a new AdSense account or connect an existing one to your channel. (You need an AdSense account to get paid.)

Step 7: Set your monetisation preferences.

Once done, head back to the dashboard and click the Analytics tab on the left side. From there, you’ll need to choose Revenue from the tabs at the top, then scroll down to the chart Monthly Estimated Revenue to get an idea of your predicted revenue.

To read more about Youtube Patner Program – Click Here.

2) Merchandise

There are plenty of products to sell that can help you make money through your YouTube channel. Selling merchandise like t-shirts, coffee mugs, tote bags, snapbacks, etc. can be more profitable than ads.

Merchandise increases your exposure by putting your online brand makes a strong relationship between you and the viewers.

Let us know the advantages of Merchandising on Youtube,

  1. A different source of income.
  2. Publicity for your channel.
  3. Content for your channel.
  4. Get the best way to engage with your followers.
  5. You have full control.

For example, look at the picture below.

This is a channel called Team Fearless which has official merchandising items like t-shirts, etc.

Minimum requirements for merchandising

  1. Should be at least 18 years old.
  2. Have more than 10,000 subscribers.

How to enable merchandise on YouTube?

Step 1: Select “YouTube Studio” option.

Step 2: In the left menu, select Monetisation.

Step 3: Enable the Monetise option.

Here are some tips for selling better on Youtube.

  1. Think of your followers (They have to be related to you and your brand).
  2. Analyse your competitors (What are others selling? Can you add something new to the industry?)
  3. Be creative (Use something unique to your channel).
  4. Produce high-quality merchandise (produce things that you would buy).
  5. Rely on someone who knows about product production (You can partner with someone to help you through the entire creation process).

To read more about Merchandise Policies – Click Here.

3) Crowdfunding

Crowdfunding

First, let us understand what Crowdfunding is all about?

Crowdfunding is the way to get money from the audience and giving them in return any rewards, or simply it can be just donations which are accepted from any individual or organisation.

Crowdfunding is the best option if you want to raise some money because unlike ads, you are giving your audience more of what they want like content and engagement with you.

This method of monetising in YouTube is likely to become more popular in coming years.

There are some of the best crowdfunding websites where you can get started,

  1. Kickstarter
  2. Indiegogo
  3. Patreon

You can also set fan funding streams which are similar to Crowdfunding.

Fan funding is also known as “Tip Jar”, which can be enabled to your channel page and in specific videos where viewers can make donations. I recommend you to use Patreon for fan funding.

Youtube will deduct some amount and retain a small transaction fee. The remaining balance will be transferred to you Google wallet directly.

Minimum requirements for Crowdfunding:

  1. Be at least 18 years old.
  2. Live in a country/region where Super Chat is available.

How to enable Fan funding on Youtube?

Make sure you have Google Payments Merchant account before you enable fan funding.

Step 1: Sign in to the YouTube account you want to monetise.

Step 2: Select the profile which is at the top right corner and in the drop-down menu

Step 3: Select “YouTube Studio” option.

Step 4: Look for the fan funding in the features list and click on Enable.

Step 5: Follow the instructions and accept the Fan Funding Agreement.

To know more about Crowdfunding Policies – Click Here

4) Affiliate Marketing:

Affiliate Marketing

Affiliate Marketing is a method to promote other’s product or services and earn some commission when a customer purchases it through your link.

You can promote these products everywhere like website/blog, Youtube, social media, etc.

It is said to be the best way to earn money from Youtube because there is no limit and you can measure ROI easily.

How to do Affiliate Marketing on Youtube?

The process is pretty straightforward when you create a video on a specific topic, for example, consider “Best SEO Tools for a website” where you will explain everything in that video.

Below that video (in the description) you will add links to that SEO tools. So, when a viewer purchases some service from the link, you will earn some amount.

Imagine that you have so many visitors to your channel, then the possibility to buy will be more. So more customers = more chance of getting a commission.

This concept may seem to be easy, but just putting up links doesn’t work like that. You must build trust among viewers.

Show some solutions to a problem and put some links. In this way, you can get more sales from Youtube. Also applicable to the website/blog.

How to join as an Affiliate?

It is effortless, just go to any website you want to promote and search for options like “Affiliates” or “Join Us”.

For most of them have free joining. So don’t worry about joining as an Affiliate.

Give your details and wait for the approval. It may take some time, depending on the company. Sometimes approval may be done immediately on request (depending on the company).

Minimum Requirements to do Affiliate Marketing:

There are no requirements! Just you need a Youtube Channel. That’s it 🙂

5) Channel Membership

YouTube launched a new feature in 2018 to help Youtubers earn extra money. With new memberships, Youtubers can charge viewers $5 a month for content.

Premieres will create a landing page to promote videos where users can chat.

By paying $5, you will also get access to unique badges and custom emoji, as well as perks laid out by Youtube like live streams, videos and shoutouts.

Previously, Memberships restricted to gaming accounts only, but now Youtube is expanding it so that other channels can take part too.

Minimum requirements

  1. Your channel must have more than 30,000 subscribers.
  2. Be at least 18 years old.
  3. You Live in a country/region where Channel Membership is available.
  4. Your channel shouldn’t set as “made for kids”.

How to become a channel member on Youtube? (For Viewers)

  1. Go to Youtube.com and log in to an account.
  2. Locate the channel which you are interested in joining.
  3. Check if they have the feature join.

If the join feature is enabled, then you can join; otherwise, you can’t.

  • If the channel has the option, click on that and you will see a popup where multiples levels are available.
  • Select your desired membership and click “Join”.
  • Add your payment information to pay the monthly fee.
  • Click on “Buy”.

If you want to cancel Membership you can do this by following steps below;

  1. Click on the profile and select “Paid membership” option.
  2. Go to “See past purchases” and select “Manage purchases and refunds”.
  3. Click on “End membership”.

To read more about Channel Membership Policies – Click Here.

6) Youtube Premium

Youtube Premium allows members to watch any video without any ads, download videos to watch offline on mobile and can run in the background.

It is all about giving more choice to use Youtube without any interruptions and more engagement.

Google recommends creators to grow membership base; then later premium will begin to deliver more and more value to you.

So you might have asked what will be the real profit for creators? Because there are many features for viewers joining it, but how creators earn?

My answer to the question is that Youtubers will get secondary revenue streams for creators in addition to what you are already earning through ads.

Premium users don’t see any ads before watching any video, but even though creators earn apart from the monthly subscription of the premium plan.

So these are the features viewers get to join the premium,

  1. Can watch millions of videos without any ads.
  2. Get offline videos by downloading on your mobile.
  3. Get uninterrupted experience while using other apps or when your mobile screen is off.
  4. Get access to all the Youtube original series and movies.
  5. Get a free subscription of Music premium.

To know more about Youtube Premium – Click Here.

Conclusion:

How to make money from Youtube?

Youtube is the best way to get more customers to your brand and engage them with your content.

Making money might not be your reason for started a Youtube channel, but the opportunities to make money surprises you the most.

So making money from Youtube is as simple as uploading content through video, gathering millions of views and earning through advertising revenue.

There are no methods which will make you rich overnight, but whatever methods I mentioned earlier is the best and recommended by Google.

It takes some time to earn money from Youtube because you need to make useful contents, grow your audience and make them trust before you sell anything.

The best thing I recommend is that you need to know the purpose of making money and decide what kind of profits you want to make. Do this before you create an account.

I hope you understood everything on how to make money from Youtube by monetising Youtube account. Don’t forget to share this post so that it could be useful for anyone.

What are the methods you are using to earn money from YouTube? Comment down and share your views.

This Post Has 2 Comments

  1. Milin

    That’s great chexx👌🏻
    It’s relevant enlightenment:)
    Everything is explained in detail from basics….. Easy to understand
    Good job

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