How to Make Money on YouTube in 2024: 7 Ways

These 7 methods for monetizing your channel and your creative work are the only ones you need to consider if you’re wondering how to make money on YouTube. There are other ways to monetize YouTube than ads. The faster way to get money can be through merchandise sales and affiliate marketing.

There are now a variety of options to monetize YouTube thanks to the expanding creator economy. Furthermore, while some strategies have a lower entrance barrier than monetizing advertisements, nothing can replace high-quality content and a devoted following.

The most obvious approach to monetize YouTube is through ad revenue. However, to be honest, it’s not the best method or the only way.

Here are a few monetization methods to explore.

1.YouTube Partner Program

Let’s start by addressing this one. To get paid for your adverts, you have to sign up for the YouTube Partner Program. It is also not possible for you to become a YouTube partner that shows adverts on your channel unless it has more than 1,000 subscribers. Additionally, you must have watched 4,000 hours of long-form content over the course of the previous 12 months or 10 million short videos over the course of the previous 90 days. (For information on how to join the Partner Program with less qualifying conditions, see No. 5) Ad money becomes available when those large boxes are checked.

2. Affiliate marketing

The easiest approach to get money from YouTube traffic for beginners may be through affiliate marketing, particularly if you want to create videos reviewing products. This is how it functions:

Applying to join an affiliate program, like Amazon Associates, is as simple as finding a business or seller that offers one.

After you’re approved, you’ll follow their instructions to make unique links to the goods you want to include in your movies.

In your YouTube videos, showcase, evaluate, or mention the products; before uploading, include your unique affiliate marketing link(s) in the description section.

You will receive payment as a brand affiliate when a viewer clicks on your unique link and makes a purchase.

3.Sponsored content

Businesses who are interested in the viewers on your channel may sponsor your videos or make you an offer for product placement (known in the industry as “brand deals”) in exchange for a shoutout.

The key word here is “audience,” which implies that when you gain a following, these kinds of opportunities are more likely to come up. As your channel expands, you may get in touch with the businesses you want to collaborate with directly or look for corporate partners who share your taste in content by using resources like the aforementioned affiliate marketing websites.

With brand offers, you can obtain the good or service for free, get paid in one lump sum, or get paid a commission each time a sale is made.

4.Sell some merch

Inform your viewers about any products or services you provide that are relevant to them by including links in your videos. For instance, in every video he uploads, creator Marques Brownlee of the well-known tech review channel MKBHD includes a link to his own collection of accessories and T-shirts.

You may need to purchase supplies or locate a manufacturer in order to sell a tangible good, but you can also sell downloaded items like e-books, prints, or online courses. Establish a safe payment mechanism before you promote your products.

5.Offer memberships

You may also make money from viewership by using a subscription model. Fans of the channel pay a nominal subscription fee in exchange for benefits and/or access to an exclusive tier using this technique.

One well-known third-party membership site is Patreon. The ability to subscribe to channels on YouTube is a recent addition, however participation in the YouTube Partner Program is prerequisite.

In order to become a Partner Program member for channel subscriptions, you must have 500 subscribers, three public uploads within the previous 90 days, and either 3,000 public long-form video watch hours within the previous 365 days or 3 million short-form video views within the previous 90 days. That’s in contrast to the more stringent Partner Program qualifying standards that apply if you wish to monetize your channel with advertisements.

6.License your content to the media

Every news outlet wants to obtain a copy of a viral video so they may play it again for their viewers. Thankfully, well-established media firms understand that they must pay for the content they consume. And just like that, you have an additional means of earning money on YouTube.

Making sure you’re easily findable can go a long way toward licensing your most successful work to the media as a content provider.

7. Crowdfunding

Donation solicitations via the internet are now typical. Crowdfunding is the way that many YouTubers make money, whether they’re wanting to support a personal channel project or build a stream of consistent income from a pool of tiny monthly donations.