YouTube is one of the most popular video-streaming platforms today. It has more than 1.9 billion users logging in each month, and 500 hours of videos are uploaded on the platform each minute! Are you eager to become a YouTuber and want to make money out of it? Greg Van Wyk of Austin Asset outlines the multiple ways you can do this below!
Join the YouTube Partner Program
You need to create a YouTube account and pick a niche. Once you pick an area in which you want to create content, you should start posting frequently. High-quality creative content and frequent postings will increase your number of subscribers. Once you have reached over one thousand subscribers, you can start earning revenue from advertising.
You will also need to create a Google Ad Sense account and monetize your YouTube account. This will enable you to become a YouTube partner. You can start making money from ads and enjoy other membership perks. As a partner, you are not paid per video. You are paid by the number of times a user watches or clicks on the ad. You can translate this to earning approximately $18 per 1000 views.
Become an Affiliate Marketer
Greg Van Wyk believes affiliate marketing is also an effective way to round YouTube traffic. This is a great strategy if the center of your video is around product reviews. To become an affiliate marketer, you need to find an organization with an affiliate program. One of the most popular affiliate programs is the Amazon Associates program.
Once you get accepted into the program, you can include custom links in your videos. As an affiliate of the program, you earn a commission if anyone purchases from your link. You must also notify your consumers of the affiliation of the products you feature.
Greg Van Wyk’s Take on Sponsored Content
After affiliate marketing, another possibility is to create a deal with a brand. If the brand is interested in a YouTube channel audience, they can create a placement deal with you. By forming brand deals, you get a lump sum payment for the products you feature. If you make any sales, you can also earn a commission.
Another great way to make money on YouTube is to create merchandise and sell it. The merchandise endorses your channel. You can let your YouTube channel audience know about your line of products. You can sell physical products such as T-shirts and accessories.
It’s also possible to sell non-tangible things such as eBooks or virtual classes. Make sure you have a set system of payment that is secure. You can keep the bulk of your earnings to yourself by selling merchandise and creating your own brand.
How Much Money Can You Make?
Greg Van Wyk believes YouTube artists can make a large amount of money. If you have great content, you can gain millions of followers. This can become lucrative in terms of advertising revenue. Many famous YouTube stars have created millions just through their subscriber base. You simply need to follow the right strategy and target the appropriate niche.