YouTube stars are today’s self-made celebrities—people who have earned an audience by creating video content geared toward teaching, entertaining, reviewing, and being awesome on the web.
But, while creating a YouTube channel is simple, turning it into a cash machine isn’t as straightforward. You may earn your first hundred dollars by selling something or landing a sponsorship deal, but maximizing earnings requires understanding all your options before you dive in.
How to get paid on YouTube
If you’ve been looking for new ways to generate income, you may be wondering how to make money from YT. Well, there are a variety of different ways that you can start earning on the platform.
Join the YouTube Partner Program
Whether you want to earn money on YT without creating videos or as a content creator, joining the YouTube Partner Program and setting up monetization is a vital step. When your YT channel has 1,000 subscribers and 4,000 public views, it’ll be reviewed to join the Partner program. This means that you won’t be able to generate any revenue until you’ve hit these numbers, so it’s essential to continue creating content and increasing your channel’s reach. You can apply for the monetization once you meet the program’s criteria.
How to enable monetization on YouTube:
- Sign in to the YouTube account you want to monetize.
- Click the icon for your account in the top right corner.
- Click YouTube Studio.In the left menu, select Other Features > Monetization.
- Read and agree to the YouTuber Partner Program term.
- Create a new Google AdSense account, or connect an existing one to your channel. (You need an AdSense account to get paid.)Set your monetization preferences.
- Get Featured on YouTube Premium
What is YouTube Premium? YouTube Premium is a paid membership program that allows fans to watch and support their favorite content creators without ads.
As with YT monetization rules for advertising-based revenue, most of the revenue generated via Premium membership fees will go to creators (total revenue distribution is based on how much Premium members watch your content). While it’s easy to set up, earning money through advertising as a YouTube Partner is far from the most lucrative revenue stream you can create for yourself.
Channel memberships let viewers support your channel through monthly payments in exchange for members-only perks. Similar to Super Chat, you must be a part of YouTube’s Partner Program to access this feature.
When your YT channel gets more than 30,000 subscribers, you can add another income stream by leveraging channel memberships. This is where fans pay $4.99 a month for a membership package that includes perks like early access to videos, members-only live chat, exclusive emojis, and more.
YouTube Super Chat
Super Chat is a popular new way to make money from YT. It lets you create a tipping jar for your viewers to donate whenever and however much they feel like contributing. You’ll need to set up your YT account for advertising, as outlined above. YT monetization rates for Super Chat range from $1 to $500, and the company takes a 30% cut from the revenue. For anyone wondering how to make money from YouTube Super Chat, the key is to organize and promote live streams.
Are you making money on YouTube? What monetization method works best for you? Let us know in the comments section below.