YouTube is half the internet. More than 2 billion people go to YouTube each month and watch 1 billion hours of content daily. That’s equivalent to every person on earth watching 8.4 minutes per day of video!
I don’t think I need to tell you that YouTube is an absolute goldmine waiting to be tapped!!
This blog post is about how to make money on YouTube for beginners. Let’s dive into the exciting world of YouTube monetization and discover your path to success!
YouTube is one of the biggest search engines in the world, where you can upload and watch videos on almost any topic!
If you’re wanting to learn just how to make money on YouTube for beginners, you’ve come to the right spot my friend.
This guide will help you understand how YouTube works with fun facts and trends. Find out how to turn your creative ideas into cash on YouTube!
Find Out if YouTube or Blogging Makes More Money
How to Make Money with YouTube
- Revenue Streams: Unlock your earning potential with ad revenue, sponsorships, merchandise sales, memberships, and Super Chats!
- Audience Reach: Youtube offers the chance to connect with over 2 billion users worldwide!
- Content Creation: You’ll need some video production skills, the right equipment, and consistent uploads to keep your channel growing.
- Monetization Threshold: To start earning, you need to meet YouTube Partner Program requirements: (1,000 subscribers and 4,000 watch hours in the last 12 months!).
- Engagement: Boost your channel’s potential with high viewer engagement through comments and live streams.
How to Make Money with Blogging
- Revenue Streams: Boost income with ad placements, affiliate marketing, sponsored posts, digital products, and memberships.
- Audience Reach: Success with blogging depends on smart SEO and active social media promotion.
- Content Creation: Successful blogging focuses on strong writing skills, good web design, and regular updates.
- Monetization Threshold: No strict requirements; your earnings grow with increased traffic and finding the right niche.
- Engagement: Blogs might not get instant engagement like YouTube, but they help you build a loyal readership over time.
YouTube vs. Blogging Key Differences
- Upfront Investment: YouTube often needs more initial spending on equipment and software than starting a blog.
- Content Longevity: Blog posts can bring in traffic for years through search engines, while YouTube videos benefit from continuous platform promotion.
- Skills Required: YouTube requires video production and editing skills, while blogging focuses on strong writing and SEO skills.
Choosing between YouTube and blogging depends on what you’re good at and what you enjoy. Think about the kind of content you want to create. Both YouTube and blogging can be very profitable if you plan carefully and play to your strengths.
According to Google, YouTube might be better for short-term gains, while blogging could pay off more in the long run. Both are great ways to make money online.
It really comes down to what you enjoy. If you love writing, go for blogging. If making videos is your thing, dive into YouTube! Choose what fits you best and start creating!
YouTube Stats that will Blow your Mind
- YouTube is the world’s second-most visited website.
- 79% of Internet users have a YouTube account.
- YouTube is the most popular search engine, after Google.
- 70% of all video views come from mobile devices.
- 90% of people discover new products on YouTube.
Highest Paid YouTubers
- Markiplier: 27.8 million subs, $25.7 million/year
- Rhett and Link: 41.8 million subs, $26.3 million/year
- Dude Perfect: 57.5 million subs, $30.3 million/year
- Mr. Beast: 47.8 million subs, $31.6 million/year
- Ryan’s World: 41.7 million subs, $38.9 million/year
YouTube: A Great Way to Make Money
These stats show YouTube is an awesome place to make money. It’s been a popular way to earn online for years, and it’s not slowing down! There’s still plenty of room for new creators to start their own channels.
YouTube is super popular, and everyone uses it, so don’t worry—there’s a big audience waiting for you!
Top 3 Reasons to Choose YouTube
1.YouTube Continues to Grow:
Nearly six million new channels are added to YouTube each year.
2. Profitable Channels are Increasing:
Channels earning five to six figures annually are projected to increase by 50% and 40%, respectively.
3. Channel Subscribers are Increasing:
Channels with over a million subscribers are expected to grow by 65%.
These trends highlight the rapid growth and profitability potential of YouTube, making it a compelling platform for content creators.
What These Mind-Blowing YouTube Stats Mean for You
The road to YouTube success is full of potential (and that’s putting it lightly, trust me!). If you want to make money on YouTube, now’s the perfect time!
I don’t have a channel yet, but my teenage son is making $300 a day on Youtube, and this is just the beginning for him. It didn’t even take him that long to get monetized and reach these stats. A couple months.
But seeing his journey got me hooked. Every day I get more excited even just thinking about the possibilities.
It’s amazing to see how much you can achieve with YouTube! With so many viewers and thriving channels in every niche, almost any type of content can find an audience and do well.
How to Prevent Costly Mistakes
Copyright Strikes:
- Using copyrighted materials without permission can get you a strike. Three strikes, and your channel is deleted. Avoid using copyright material.
Competition:
- Popular niches like fitness and beauty are crowded. Don’t be afraid to niche down! Without a unique strategy, attracting viewers can be tough.
Inadequate Knowledge:
- Successful YouTubers know how the platform works. Keeping up with trends is essential to stay relevant. Stay informed.
Building an Audience:
- A channel without viewers doesn’t make money. Growing and maintaining a loyal audience is crucial for success. Focus on traffic.
Monetizing your YouTube Channel
To start making money on YouTube, you need to monetize your channel so that your content actually generates income.
There are several ways to do this, and choosing the right mix of strategies that fit your content is key to maximizing earnings.
9 Killer Strategies to Make Money on YouTube
Choosing the right monetization strategy depends on your content, audience, and goals. A combination of these methods can help you make sure that your YouTube channel is as profitable as it can be!
#1. Join the YouTube Partner Program:
- Earn from ads shown on your videos.
- Requirements: 1,000 subscribers and 4,000 watch hours in the past year.
#2. Consider YouTube Premium:
- Earn a share of the subscription fee when premium members watch your videos.
#3. Become an Affiliate Marketer:
- Promote products and earn a commission on sales through links in your video descriptions.
#4. Sell Your Products or Services:
- Sell items like courses, crafts, eBooks, or promote a physical store.
#5. Accept Video Sponsorships:
- Get paid by businesses to create and promote sponsored videos.
#6. Crowdfund Your Content:
- Use platforms like Indiegogo or Kickstarter to fund creative projects.
#7. Switch On “Fan Funding”:
- Request voluntary contributions from fans through platforms like Patreon.
#8. License Your Content:
- Sell high-quality video content to media outlets and other channels.
#9. Become an Influencer:
- Work with brands as an influencer to promote their products to your loyal fan base.
Find the Perfect Way to Monetize Your Channel
Now that you know how to make money on YouTube, how do you choose the best way? Should you use just one method or a mix of them? Here are some things to think about:
- Niche: Some topics, like fitness and entertainment, work well with ads because people watch those videos a lot.
- Publishing Frequency: If you post many videos daily, ads might be best. If you post weekly or less, consider sponsorships and affiliate marketing.
- Audience: Younger viewers tend to watch more ads, while older viewers might support fan funding or YouTube Premium. I can vouch for this, because my son’s channel’s niche targets younger viewers and yes, he definitely does very well with ads!
- Subscriber Base: With less than 1,000 subscribers, you can’t join the YouTube Partner Program, but you can use crowdfunding and content licensing.
Using more than one strategy can maximize your earnings. Successful YouTubers often combine at least three methods to make the most money.
Launch Your YouTube Business
Starting a YouTube business is exciting! But first, ask yourself about these things:
- Passion: What do you love talking about? Make sure it’s something you can discuss on camera for a looooong time if need be!
- Knowledge: You need to know more than your viewers about your topic to keep them interested. Choose a niche you’re knowledgeable about.
- Demand: Is there an audience for your content? Check other channels to see if they are popular. If so, there’s likely a market for your videos.
- Groundwork: Once you have the passion, knowledge, and demand, it’s time to lay the foundation for your business.
- Define Your Niche: Pick a specific topic for your channel that people are interested in. Choosing the right niche helps attract the right viewers and makes your channel more successful.
- Select Your Audience: Focus on a specific segment of viewers. For example, if you’re into cars, you might target fans of classic or retro models.
By focusing on these steps, you can ensure that your YouTube business starts on the right foot and has the potential to grow and succeed.
Your YouTube Journey Begins Here and Now!
Starting a YouTube business is a thrilling journey! By focusing on your passion, knowledge, and the demand for your content, you can build a strong foundation for success.
Choose a niche that excites you and attracts viewers, and identify your target audience to create engaging content. With dedication and the right strategy, your YouTube channel can grow and thrive, turning your creative ideas into a profitable venture.
Good luck, and happy creating! 😉
