How to Make Money on YouTube in 2023: 5 Ways to Get Paid Advertiser disclosure: We're the first priority. Every time. We believe everyone should be able to make financial decisions with confidence. Although our site does not include every company or financial product available in the marketplace We're pleased that the advice we provide and the information we offer and the tools we develop are impartial, independent, straightforward -- and cost-free. How do we make money? Our partners pay us. This could influence the types of products we write about (and the way they appear on our website), but it does not affect our suggestions or recommendations which are based on hundreds of hours of research. Our partners do not promise us favorable review of their services or products. . How to Earn Money via YouTube by 2023. 5 Ways to Get Paid Ads aren't the only way to earn money on YouTube. Merch sales and affiliate marketing might be the fastest path to earn. Written by Devon Delfino Devon is a former personal finance reporter for NerdWallet and has been published on The L.A. Times, USA Today, Business Insider, CNBC and MarketWatch. She has a bachelor's degree in journalism at Boston University. as well as Tommy Tindall Lead Writer | Consumer debt, saving money and the in the contemporary gig economy Tommy Tindall is a personal financial journalist and has joined NerdWallet in 2021. He will be covering the subject of consumer credit, ways to save money, and the gig economy. Before NerdWallet was founded, he worked for the team of marketing and communications at Fannie Mae. In the present, Tommy strives to make the subject of money more accessible for all. His writing has been featured on The Washington Post, The Associated Press as well as on MarketWatch. Tommy is based within Bel Air, Maryland. Jan 31, 2023 Edited By Courtney Neidel Assigning Editor | Personal finance, budgeting, shopping Courtney Neidel is an assigning editor for the core personal finance team at NerdWallet. She was hired by NerdWallet as a writer in 2014. She worked for the next six years writing on shopping, budgeting and money-saving tips before being elevated to the position of editor. Courtney has been featured as a retail expert by "Good Morning America," Cheddar and CBSN. Her prior experiences include writing freelance for California newspapers. Email:
Many or all of the products featured here are from our partners, who pay us. This affects the products we write about as well as the place and way the product appears on the page. However, it does not influence our evaluations. Our opinions are entirely our own. Here is a list of and . The growing creative economy has led to some diverse content on YouTube. Although some options have a lower barrier for entry than earning through ads, there's no substitute for quality content and an active viewers. If you're able to draw inspiration from your creativity and invest a lot of effort and effort, you could be able to make money on YouTube as well. Here are some monetization methods to explore. How can you get paid by YouTube 1. Earn with ads as you are a YouTube Partner Program member Let's clear this one of the way first. You have to join the YouTube Partner Program to earn profits from ads. And you can't become a YouTube partner until your channel surpasses the 1,000-subscriber threshold. Additionally, you'll need to have a total of 4000 hours of watching time over the past 12 months. Check those big boxes and it will open the door to ad revenue. Some additional conditions apply before you are able to become a partner. Your videos must abide by YouTube's . You must be in an area that is eligible. You will need to connect an account. Select the "monetization" section of YouTube Studio to monitor your subscribers' progress and view hours. YouTube will notify you when you're eligible to apply. As a YouTube partner, you'll earn money from chat features, ads and from YouTube Premium subscribers who are watching your videos. Notably, YouTube will begin to allow YouTube partners to earn ad revenue on Shorts in 2023. Shorts are YouTube's take on short-form videos that resemble TikTok. The number of times you watch YouTube does it take to earn money? You don't get paid per video view. Instead, you're paid for each time viewers view or click to an ad that is displayed in your video. Influencer Marketing Hub claims that, while the payment differs, the average YouTube channel can expect to make about $18 per 1,000 ads viewed. That translates to $3 to $5 per 1,000 video views when you factor in the number of ads watched. So , when can you begin making money on YouTube? You'll get paid when your balance reaches $100. It takes about 1,000 views of a video in order to collect $4 for the viewers who saw ads. It would take 25,000 video views to make $100 through these ads. If you're a newbie to the channel, you could be just a few times per year. You'll also want to know how Google is able to make AdSense payments . Does it sound like you have a long journey ahead? Here are alternatives to earn income before reaching 1,000 subscribers. Keep track of all the money you make Check the details of your cash, cards and bank accounts at a glance. 2. Take a cut by utilizing advertising through affiliate marketing. Affiliate marketing might be the best method to make money from the value of your YouTube traffic, particularly in the case of product review videos. It's as simple as it follows: You locate an online retailer or company that has an affiliate program like Amazon Associates, and apply to join. After being accepted, you'll follow their method to design your own links to products you plan to feature within your video. Demonstrate, review, or make reference to the products in your YouTube video, and then paste your customized affiliate marketing link(s) in the description section after you've uploaded. As an affiliate of the brand you're affiliated with you'll receive a percentage of the sale when a viewer clicks your link to purchase the item. Although Amazon Associates is a great method to earn money, many opportunities are also available. Look up affiliate marketing websites like ShareASale and ClickBank for possible corporate partners and products to feature. You can also look up the websites of your favourite brands for details on how you can be an affiliate. Don't forget to properly notify your viewers about your affiliation with the brand featured and provide them with the "link in description" when you shoot your video. >> MORE: 3. Get a brand deal and create sponsored content. Companies that are interested in your channel's audience may sponsor your videos or provide you with deals on product placement to get a mention, often referred to as brand deals in the biz. The operative word here will be "audience," which means these deals tend to show themselves when you develop a following. As your channel expands it is possible to reach out to brands you'd like working directly, or utilize resources like the aforementioned affiliate marketing websites to locate corporate partners that match the style of your content. Brand deals mean you can get one-time payments or receive commission on a per-sale model or even get the product or service absolutely no cost. Keep in mind: If you have an endorsement or use the product in your video, you need to inform YouTube by ticking a box in the video's details. 4. Sell some merch if you're selling products or offering services that are pertinent to your viewers make sure they know about it and provide hyperlinks to it in the videos you make. For example, creator Marques Brownlee of the renowned tech review channel MKBHD includes a link to his own collection of T-shirts and other accessories in every video he makes. Selling a physical product might need you to purchase the materials or find a manufacturer, but you can also sell downloadables such as ebooks, art prints or even virtual classes. Set up a secure system for payment in place prior to promoting your goods. Incentive to sell: While developing your own product can be more difficult than selling the products of other businesses, you could stand to earn more money this way, since you'll keep the bulk of the proceeds as the owner of the product. 5. Offer memberships A membership model is another way to monetize the number of viewers. By using this model, viewers of the channel pay a modest subscription fee for perks and/or an exclusive access level. Patreon is a well-known third-party subscription platform. YouTube has been slowly rolling out its own channel memberships feature, but you need to be a part in the YouTube Partner Program to be eligible. As with all things, more users can generate increased revenues. Rewards like one-on-one videos, classes for private parties or other perks can draw viewers to join as paying members. What is the maximum amount you can make through YouTube? Breakout YouTube stars with millions of subscribers stand to make the most money with a potential of seven figures. But even lesser-known content creators with a modest following could earn a decent income on the side, or even full time. According to Forbes the creator Stevin John of the wildly popular children's' channel Blippi earned $17 million by 2020, mostly from his 8.2 billion views and 27.4 million viewers he's picked in YouTube. This kind of popularity is more the exception than the rule. On the less slender side, Kelly Anne Smith, a personal finance YouTuber who has 50,000 subscribers, earned around $900 in advertising revenue in March 2022, as per Business Insider. Sean Cannell, co-author of "YouTube Secrets" and the creator of the Think Media channel, advises new YouTubers to lean on affiliate marketing to be the best way to earn right off the bat. In a , he says it's possible to earn 500 dollars a week if you choose choosing the appropriate topic and plan. Get an audience and earn more in the long run. YouTube offers opportunity for all, but it's not a quick-make-money platform. It takes time, effort and a receptive audience to make money on YouTube. The good news isthat with a little effort and lots of practice, you can discover ways to earn money prior to the sought-after 1,000-subscriber threshold. Keep these tips in mind as you get started The more videos you create and upload, the more likely it will be to hit the threshold of viewing hours. The better you target your content towards a particular segment of people or a particular niche (e.g. film photography), the more likely viewers will be inclined to follow you for more. Videos that are thoughtful, engaging and entertaining are more likely to get views, so it pays to invest time and effort in making plans and producing. Do not underestimate the power of a well-crafted title and a striking thumbnails to draw attention of viewers. Other methods to earn money If making money on YouTube isn't for you, consider these alternative routes Are you interested in trying a different video platform? Learn how to . If you're a fan of gaming, look into how to . Are you looking to get your house clean? Try it out . If you're writing in any way you should think about . The authors' bios: Devon Delfino is a former personal finance writer at NerdWallet. Her work has been featured on the Los Angeles Times, MarketWatch and Business Insider. Tommy Tindall is a personal finance writer at NerdWallet. He writes about smart spending and strategies for planning the best financial future. On a similar note... 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