3 Ways to Make Money on YouTube: Which Path Is Right for You?

Build Your Audience Before You Try to Earn Money

Before you even think about making money on your channel, you need to build an audience first. Building a large audience will help you make money in three main ways: First, it will help you get sponsorship deals. Brands are keen to sponsor content that has a large and engaged following. Second, it will make it much easier for you to sell products and services through your channel. Finally, a large audience makes it easier to monetize your videos through ad revenue. If you don’t have a large following when you start trying to make money, it will be much harder. Building your audience takes time, but there are things you can do to speed up the process. Start by creating content that appeals to a wide audience. For example, if you make gaming videos, you might want to try to appeal to a broader audience. Rather than appealing just to gamers, try to engage people who might not even play games.

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Start a Podcast

Many YouTubers have had success starting a podcast on the side. Podcasts have been making money for a long time, and people are increasingly turning to audio content. There are several ways to monetize a podcast that you can also apply to your YouTube channel. First, you can sell your own products and use your podcast as a marketing tool. This could be an ebook or other digital product, or it could be something physical like a T-shirt or stickers. You can also partner with sponsors. If you have a podcast related to your channel, you can work with brands to create sponsored content. Another option is to charge members to access your podcast. This is similar to how content creators on Patreon make money.

Run Ads

One of the most obvious ways to monetize your YouTube channel is to run ads. Although it can be difficult to make a full-time income from ad revenue, it can be a great side hustle. You can sign up for ad revenue sharing with YouTube. The more views and engagement you get, the more money you will make. You can also sign up to partner with brands and create sponsored content. Although you can make money from ads, it is important to be careful with how many you run. You don’t want to annoy your viewers. If you run too many ads, they are more likely to turn off the sound or leave your channel.

Create Sponsored Content

Sponsored content is one of the most common ways that YouTubers make money. You might have even seen it on your own channel. It’s when a creator posts a video talking about a product and including a link to that product’s website. If you want to try this method, you can choose between two different types of sponsored content. You can either create sponsored content, or you can create product placement. To create sponsored content, create a video that talks about the product and plugs it in one or two places. To create product placement, you need to be sure that neither your video nor the product is negatively impacted. Make sure the product is relevant to your channel, and don’t let it distract from your content.

Summing up

If you want to make money from your YouTube channel, you first have to build an audience. You can do this by creating high-quality content that appeals to a wide audience. Once you have an audience, you can start to monetize your channel in several different ways. You can run ads, create sponsored content or start a podcast. No matter which way you choose, it will take time to build an audience and make money.