Did you know that with close to 7.04 billion views, the catchy “baby shark” video has now broken the world record as the most-viewed YouTube video ever? With such a high number of views, the Pinkfong, the video’s original owners will be smiling or the way to the bank for a long while. You could, too, if you start monetizing your YouTube content soon enough.
Today, YouTube boasts of having close to 5 billion views every day. These statistics are the basis on which YouTube monetization has become an exciting conversation for creators. If you’re a content developer, monetizing on YouTube should be your next big focus.
Are you wondering how to capitalize on your YouTube channel? In this article, we reflect on how to make YouTube a money-making venture.
1. Focus on Paid Endorsements
One of the easiest ways to mint money from YouTube involves focusing on paid endorsements. If this sounds complex to you, think about sponsorships or brand deals and how much they can bring in returns. Endorsements refer to pieces of content that contain marketing messages based on opinions, beliefs, or experiences.
When you enter into a brand deal with a corporate as a creator, your goal is to integrate their products seamlessly into your videos. Sometimes, all it takes is to reach out to companies with a proposal to team up.
You may start with a company that’s willing to cover at least the nominal costs of making your videos. However, for you to monetize in this way, you also need to have a sizable viewership base. This will give your corporate partners the confidence that you can push their brand.
2. Collect Revenue Through YouTube Ads
Are you wondering how to go about YouTube Monetization? Ad targeting is one of the sure ways of minting cash from YouTube. For you to start making money through YouTube ads, you need to first hit 10,000 views on your channel.
YouTube is rather particular about such requirements. Remember that your ability to make money on YouTube depends on the amount of watch time for your content. You then need to be part of the YouTube partners program before gaining monetary benefits from YouTube.
More corporates now understand the role of ad targeting on YouTube and the options at their disposal. If you want to be part of this changing approach to marketing and make money while at it, you might need to learn more about ad targeting on YouTube.
3. Channel Membership
Did you know that for every new member subscription on YouTube, you get around $3.49 in revenue? This is more reason why YouTube has become one of the most lucrative revenue streams today.
Are you considering ways to achieve YouTube monetization? Just by growing your membership subscriptions, you could be on the path towards a fatter paycheck. YouTube takes up around 30% of the total subscription revenue due to YouTube channel owners.
This means that you have close to 70% of the total revenue from membership subscriptions to yourself. Monetizing on YouTube through membership subscriptions can be a sure way to grow your passive income.