Useful tips for starting a money making youtube channel

It is hard to believe that YouTube did not exist just sixteen years ago. In just the past few years, web-based videos have gone from a new concept to part of our daily lives. These days YouTube has transformed to become almost half of the internet with 1.9 billion users logging in every month. At the same time, over 500 hours of video are uploaded on the site every minute.

Starting a money making youtube channel

creating a youtube channel lucas Favre @we_are_rising
lucas Favre @we_are_rising

If only there were a way to make money from a website people spend so much time on. In fact, there is! Currently, many people are already making money there.

by Quimby

Being a YouTube creator is a fun way to get paid for doing what you love. However, as with most things in life, success is determined by how much hard work, time and effort you dedicate to your YouTube channel. Here are some helpful tips to ensure that you make the most out of your venture in vlogging:

Before anything else, make sure you:

  • Own a YouTube channel with at least a thousand subscribers
  • Have an AdSense Account
  • Have over 4000 hours of views over the last year
  • Publish content that you own
  • Have the monetization option enabled

1. Create Qualitative Content

This tip is the basic rule for all videographers. When we talk about quality, we mean fine-tuning everything from the bottom to the shape. No more low-quality videos. In 2020, it is possible to acquire high-performance resources for a fair price.

Your YouTube channel should also have a clear-cut message. You can choose to do a movie review, history class, product reviews, the list is endless. This process enables you to find a niche and your future audience. You will reach your audience more efficiently with quality content even once a month rather than sloppy content every day.

2. Bet on Advertising

The best way to generate revenue on your channel is to add Ads to your videos. Such can include overlay banners, product listings, or spot ads. Once your video is approved for monetization, Ads will start running, generating income.

Please note that you must have advertisers that match the theme of your video and the profile of the audience; otherwise, your video will not be monetized.

3. Use Product Placement

This method is a fun and effortless way to get paid. Product placement is mainly used in movies and series and usually works well. With a YouTube channel, you can do product placement for a brand or a company that you love and cash in the reward or gift quickly.

4. Partner with a Brand

This tip is one of the best ways to be paid on YouTube. The more you accumulate subscribers, the more your chances of signing partnerships with brands increases. Compensation can be in the form of a commission for every item bought through your channel or a very lucrative contract based on your reach.

The best thing about partnering with a brand is that you get the cash directly without having to split the revenue with YouTube. With partnering, you also have the freedom to present your products to your audience, with your freedom of tone.

5. Crowdfunding

This feature is becoming more and more familiar with the introduction of Kickstarter and Indiegogo. Crowdfunding is an excellent way to fund a project that you are starting with the help of your loyal fans. This system is handy, especially when you offer to send customized goodies like t-shirts, mugs or stickers for every donation.

If you aim to supplement your income without having any project, you should instead make a call for generosity from your fans. The fans who like your content are going to donate.

Final Words

There you have it, the key strategies to building a loyal audience, and generating revenue from your YouTube channel. If you are setting out to make a career for yourself as a vlogger, you certainly have your work cut out for you. However, there is no doubt that a huge opportunity awaits you in this medium, as many first-generation YouTubers have already proven.