YouTube is a goldmine for money makers! You can create simple or more complex monetized videos on the platform and even upload your own videos to make extra money. Most of the following examples below are completely automated, meaning you can go from idea to cash flow in no time at all. You’ll just have to find the right niche and build up a reliable audience if you want to make decent money from YouTube.
Product Review Videos
Do you love to research and discover the best products available? Do you want to try them out and share your honest opinions with other people? YouTube creators have been making money off these types of videos for years. If you can find a product that is still actively being made, reviewed, or sponsored, you can create a monetized video around it.
If you are looking for affiliate products to promote, you can take advantage of the research videos and create a simple tutorial for how to use the product successfully. For example, if you are reviewing a software product and tying in some useful screenshots, you can create a quick-and-easy video to teach others how to use the tool successfully.
If you want to make your product review video more engaging and help people learn more about your topic, consider using a storytelling approach. Research has shown that these types of videos are more memorable and more engaging to viewers. Storytelling Videos
How to Create a Profitable YouTube Channel
Creating a profitable YouTube channel isn’t as difficult as you might think. You can build a decent audience without worrying about a profit margin too much. In fact, you can get by with a bare-bones budget and a small team of contractors if you follow these steps:
1. Choose your niche
Chose a topic that you know a lot about. If you are passionate about fashion, you can create explainer videos on style tips or outfit ideas for different occasions. Cooking videos can also be a source of income if you can find the right recipe and are willing to put in the time to learn how to make the food look great on camera. Look for a topic that you have some experience in or that you think your audience will find valuable. If you don’t have any experience in a certain area, consider researching how others have fared in the same space before you jump in. This way, you can ensure you don’t waste your time and talent, and that you are putting out content that will be valuable to your audience. You can also create videos on subjects you are an expert in, whether professional or personal. The more you know about your topic, the more you can contribute.
The money you will make from YouTube is completely dependant on the niche you choose and the size of your audience. Make sure you identify the primary source of income you will generate from your channel. Is it ad revenue? Is it product reviews? Or is it live chats where you engage with viewers?
You should also bear in mind that different content platforms prefer to work with different sized audiences. So, if you want to maximize your income, create content that will appeal to as many people as possible.
Choosing a niche and building an audience takes a lot of time; however, once you have done that, the rest is much easier. You just have to be consistent and put in the work to grow your channel.
2. Find a way to monetize your content
You can put a small text box with a call-to-action at the beginning of each video with a suggested affiliate product or offer. There is no cap on how much you can earn from this method. Monetization is entirely based on your audience’s engagement with your content.
You can also embed a product or offer in your content. Doing this requires a little more work and means you will have to find a way to get the viewer to click on the product or offer you are embedding. You can also use display ads that will only show up while viewers are on your channel. (Many platforms offer this feature for free.) Make sure you have a clear call-to-action at the end of each video to help guide your audience to take action. You can also use a tool like Google Analytics to track the video’s performance and how many people clicked on the call-to-action.
3. Build a community
Established creators on YouTube use the platform to build online communities. They post helpful tips and tricks, solve problems, and more. The benefit of doing this is that you can potentially reach a much larger audience than you could ever dream of reaching individually. When someone leaves a comment on your video, you will see a small notification at the top of your screen. You can click on this notification to see the comment.
If you want to create your own community and have people leave helpful tips and tricks at the end of your videos, consider doing this through a podcast. Podcasts are similar to YouTube videos in that they are generally short, between four and ten minutes, and can be highly engaging and profitable. They also often explore a single topic in depth and can be used to educate as well as entertain your audience. If you have more than 500 subscribers, you can take advantage of Google’s Featured Podcast section which can place your podcast in the spotlight on the platform.
Podcasts are one of the easiest ways to make money on YouTube. However, if you want to truly make a living from this method, you have to build a brand for yourself and get some serious clout. To do this, you have to put in the time to build a team and develop the skills to become a full-time YouTube creator. So, if this is something you are interested in doing, make sure you set your mind to it and don’t give up!
4. Measure your progress
It is important to track your progress and know how you are doing. This way, you can properly assess whether your efforts are paying off and determine whether you should continue pursuing this income source or switch to something else. The best way to track your progress is through analytics. You can find out how many views your videos are getting, how much money you are making from ads, and more. There are also a number of tools you can use to track your progress, like Sumo and Hitlinker. (Both of these tools are paid, but they are definitely worth the money.)
If you want to make money online, YouTube is the perfect platform for this. Not only can you create short video content that will appeal to a wide audience, but you can also use the platform to build an audience, find product reviews, and more.
Additionally, YouTube creators can utilize this platform to build brand awareness, educate their audience, and make money. So, if you have a passion for a particular topic, consider creating an educational channel on YouTube to help others learn about your topic.