Sep 13, 2023
4 Hot Ways to Make Money from YouTube in 2023
A complete guide to help you Make Money from YouTube in 2023 if you are passionate about making money online
Welcome once again to our online wealth building strategies. In this post, we shall focus on how to [make money from youtube.]
Note: You may want to check this article later: [ 20 Non Time Wasting Ways to Make Money Online in 2023 ]
Table of Contents
The Potential of Making Money from Youtube
YouTube is one of the most popular websites in the world, with over 2 billion active users. This makes it a great platform for creators to share their content and reach a global audience. But how can you make money from YouTube?
How to Make Money from Youtube
1. Advertising
There are a few different ways to make money from YouTube. The most common way is through advertising. When you join the YouTube Partner Program, you can start earning money from ads that run on your videos.
The amount of money you earn will depend on a number of factors, including the number of views your videos get, the type of ads that are shown, and your location.
To qualify, you will have to have 500 subscribers ( it used to be 1000 subscribers) and 4,000 hrs of public watch time within a 12-month period or 10 million Youtube Shorts Views within 9 months.
According to Neil Patel who has over 1 million subscribers on youtube, these are 11 ways to build your YouTube Subscribers fast
11 Ways to Get More Subscribers Fast on YouTube According to an Expert, Neil Patel
- Hook people with your intro
- Ask viewers to subscribe.
- Create videos that are around 10 minutes long.
- Ask people to leave comments (this is how you go viral).
- Respond to every comment with an answer and a question.
- Leverage YouTube shorts.
- Run contests.
- Do keyword research and use keywords within your title.
- Optimize your thumbnails to get better click-through.
- Promote your video hard in the first 24 hours through email and push notifications.
- Upload a transcription of your video.
2. Affiliate Marketing
Another way to make money from YouTube is through affiliate marketing. This is when you promote products or services from other companies and earn a commission on each sale that you generate.
To do this, you’ll need to sign up for an affiliate program with the company you want to promote and recognize products and services to your viewers with your Affiliate links.
3. Sell Products
You can also make money from YouTube by selling products or merchandise. This is a great way to generate recurring revenue from your channel.
You can sell your own products or merchandise, or you can partner with other businesses to sell their products.
4. Sponsorship
Finally, you can also make money from YouTube through sponsorships. This is when a company pays you to promote their products or services in your videos.
To get sponsorships, you’ll need to build a large and engaged audience. If you want to know how to get sponsors for your youtube channel, read this article
Top Tips for making money from YouTube:
- Create high-quality content that people will want to watch.
- Be consistent with your uploads.
- Promote your videos on social media and other channels.
- Collaborate with other YouTubers.
- Run contests and giveaways.
- Engage with your audience.
Making money from YouTube takes time and effort, but it is possible to earn a significant income if you are successful.
In-depth analysis:
In addition to the ideas mentioned above, here are some other factors that can affect your earnings on YouTube:
- Your niche: Some niches are more profitable than others. For example, gaming and beauty are two of the most popular and profitable niches on YouTube.
- Your location: The amount of money you earn from ads will also depend on your location. In general, creators in the United States and other developed countries earn more than creators in developing countries.
- Your audience: The demographics of your audience can also affect your earnings. For example, creators with a younger audience tend to earn more than creators with an older audience.
- Your engagement: The more engaged your audience is, the more money you will earn. This means getting people to comment, like, and share your videos.
Expert tips:
Here are some expert tips for making money from YouTube:
- Focus on creating high-quality content.
This is the most important factor in determining your success on YouTube. If your content is not good, people will not watch it, and you will not earn any money.
- Be consistent with your uploads.
The more videos you upload, the more views you will get, and the more money you will earn.
- Promote your videos on social media and other channels.
Let people know about your videos so that they can watch them.
- Run contests and giveaways.
This is a great way to get people excited about your channel and to increase your views.
- Engage with your audience.
Respond to comments and questions, and participate in discussions. This will help you build a strong relationship with your audience, which will lead to more views and earnings.
Challenges of Making Money from Youtube
Making money on YouTube can be a challenge, but it is possible with hard work and dedication. Here are some challenges that you may face when trying to make money on YouTube:
- Competing with other YouTubers.
There are millions of YouTubers out there, so it can be difficult to stand out from the crowd. You need to create content that is unique and engaging in order to attract viewers.
- Copyright infringement.
If you use copyrighted material in your videos without permission, you could be liable for copyright infringement. Be sure to only use material that you have the right to use.
- Algorithm changes.
YouTube’s algorithm is constantly changing, which can make it difficult to predict how your videos will be ranked. You need to stay up-to-date on the latest algorithm changes and adjust your strategies accordingly.
- Demonetization.
YouTube may demonetize your videos if they violate the company’s policies. This means that you will not be able to earn money from those videos. To avoid demonetization, be sure to read and follow YouTube’s policies carefully.
Despite these challenges, it is possible to make money on YouTube if you are willing to put in the work. By following the tips in this blog post, you can increase your chances of success.
Here are some additional insights and expert tips to help you overcome the challenges of making money on YouTube:
- Be patient. It takes time to build a successful YouTube channel. Don’t expect to start making a lot of money overnight. Just keep creating great content and promoting your channel, and you will eventually start to see results.
- Don’t give up. There will be times when you feel discouraged. But if you keep working hard and never give up, you will eventually achieve your goals.
- Learn from your mistakes. Everyone makes mistakes. The important thing is to learn from them and not make the same mistakes twice.
- Stay positive. Having a positive attitude will help you stay motivated and focused on your goals.
Inspirational Examples from People Making Money from YouTube
- MrBeast (Jimmy Donaldson):
MrBeast is a famous YouTuber who is known for his expensive stunts and challenges. He has over 180 million subscribers and earns an estimated $54 million per year from YouTube.
- Mark Rober: Mark Rober is a former NASA engineer who now creates popular science videos on YouTube. He has over 18 million subscribers and earns an estimated $10 million per year from YouTube.
- Nas Daily: Nas Daily is a travel vlogger who creates short, daily videos about his travels around the world. He has over 12 million subscribers and earns an estimated $8 million per year from YouTube.
- Dude Perfect: Dude Perfect is a group of friends who create trick shot videos. They have over 57 million subscribers and earn an estimated $20 million per year from YouTube.
- Unspeakable: Unspeakable is a gaming YouTuber who creates videos of himself playing video games. He has over 16.2 million subscribers and earns an estimated $12 million per year from YouTube.
These are just a few examples of people who have made money from YouTube and there are thousands of others.
There are many other YouTubers who are making a good living from their channels. If you have a passion for something and you’re willing to put in the work, you can also make money from YouTube.
Making money on YouTube takes time and effort, but it is possible to achieve if you’re willing to put in the work. So don’t give up on your dreams of becoming a successful YouTuber!
Conclusion:
Making money from YouTube is a great way to turn your passion into a career. By following the tips in this blog post, you can increase your chances of success. So what are you waiting for? Start creating videos today!
Disclaimer: I am not a YouTuber because that is not my passion ( find out more about me here,) the information shared here is based on research and from actual people making money from YouTube.
You will also enjoy: 10 Top Secrets of Making Money Online in 2023
Felix A. Duyilemi is the world’s #1 Greatness and Leadership Coach who specializes in helping people create extraordinary results by becoming aware of their infinite potential. He is the creator of 1000X Results Coaching Program, a Coaching Program designed to skyrocket your results.
Felix A. Duyilemi is the author of the Award-winning book, “How to Borrow God’s Brain to Succeed” and other top-rated books and has giving more than 5000 talks on subjects ranging from Success Ideation, Mindset, Leadership and Potential Maximization. His latest book is “How to Monetize Your Brain.”
When he’s not learning, or coaching or speaking, he’s at home enjoying the company of his amazing family!Reach him at [email protected]
