YouTube has great potential to make money. Every month 1.9 billion users log on to YouTube and 500 videos are uploaded every minute.
There are many ways in which we can make use of this opportunity and use this extremely popular platform to make money. The simplest way to earn money from YouTube is to be a YouTube Partner.
The YouTube Partner Program is how you can get access to special features on the platform. It is not necessary to be a partner to make money but it makes it easier if you are one. YouTube Partners can get income from different ways such as Ads, YouTube Premium subscription fees, and features like Super Chat, channel memberships and the merchandise shelf.
The steps involved in this are:
Step 1. Start a channel
You can first start you own YouTube channel on any interest or passion that you have and that you feel will be popular among viewers.
Step 2. Meet the YouTube Partner Program requirements
You need to make sure that your channel is popular and you have received enough subscribers so that you are eligible for the program. To join the program, you need a minimum of 1,000 subscribers and 4,000 watch hours in the previous 12 months. So make sure your channel has content that is interesting and related to what is trending.
Step 3. Set up an AdSense account
It is a simple step where you can just follow YouTube’s official guide to AdSense accounts.
Step 4. Explore your new monetization features
As a YouTube Partner you have many different ways in which you can make the money. The ways are shown below but you need to meet the requirements for different monetization channel. Some of them are described below
- Ad revenue: To earn ad revenue, you must be at least 18 years old, and you must create content that is advertiser-friendly and will attract viewers.
- YouTube Premium revenue: If a YouTube Premium member watches your video, you get a portion of their subscription fee.
- Channel memberships: Channel membership means that fans can decided to pay you an extra amount but in order to do that you need to be at least a 18 years old an have more than 30,000 subscribers.
- Merchandise shelf: In order to sell merchandize from YouTube’s merchandise shelf, you must be at least 18 years old, and have at least 10,000 subscribers.
Step 5. Submit to ongoing reviews
As a YouTube Partner, your channel will be held to a higher standard, according to YouTube and you will need to follow the program policies and the copyright laws.
Once you have followed the above steps and signed up for the YouTube Partner Program, you can use your channel to make money depending on the amount of subscribers you get. The more subscribers you will have the more money you will be able to make through the monetization features explained above.