How Can You Make 5 To 10K Per Month From Only YouTube?

Making money on YouTube used to be as simple as publishing outstanding material, receiving millions of views, and sharing ad revenue. Content makers now have a variety of options for monetizing their work. This can include corporate sponsorships from a large brand, fan fundraising, or item sales, in addition to advertising.

Google Ads

Joining the YouTube Partner program is the first step toward making money on YouTube. Content providers benefit from the partnership, which includes the possibility to monetize their videos through Google Adsense. Content creators must have at least 1,000 subscribers and 4,000 hours of viewing time in the last 12 months to qualify.

YouTube makes money off of pre-roll, display, and other ad types. Advertisers are compensated based on the number of clicks and impressions received. YouTube keeps 45 percent of the revenue and distributes 55 percent to the content producer. Advertising guidelines must be followed by content authors. Ads will not be put against content that involves foul language, adult content, violence, or other topics. This could involve a discussion on current events.

Brand Sponsorship

Brand sponsorship, often known as influencer marketing in the digital marketing field, is a lucrative form of advertising. A firm will pay a content creator to use a video to advertise a brand or product. Michelle Phan, for example, grabbed the attention of cosmetics giant Lancôme early in her YouTube career with her popular make-up videos.

More than 700 agencies matched companies with social media influencers on platforms like YouTube, Facebook, Instagram, Snapchat, and Twitter as of 2019.

Famebit, a YouTube-related company, was purchased by Google and relaunched as YouTube Brand Connect.

Merchandise Sales

By enabling this functionality in their accounts, YouTube partners can sell up to 12 items of stuff to their audience. Jeffrey Starr has made a fortune by selling his fans lipstick, highlighters, and eye shadow palettes. 6

Fan Funding

Channel memberships are another common approach to monetize a channel. Fans and followers pay a monthly subscription fee in exchange for supplementary content including badges, emoticons, exclusive videos, live chats, and other items. This monetization function is available to YouTube partners who have reached 1,000 subscribers. Video artists can also monetize their fan base through monthly memberships through third-party businesses like Patreon. From audience support, top video creators can earn up to $40,000 every month.

Revenue Generation Challenges

Even when all of these best practices are followed, YouTube video makers face certain money generation issues. As of the first quarter of 2020, the median cost per thousand (CPM) ad rate charged to advertisers was just $3.53. Because creators are only compensated for monetized views rather than total views, their effective CPM can be much lower.

YouTube Best Practices

Creators should adopt recognized YouTube best practices to boost their chances of garnering a significant following. Creating rich, engaging content is one of the most basic best practices. Viewers come to YouTube to be entertained or to find a solution to a problem they are having. The likelihood of the video being viewed and shared increases when outstanding material is created.

Content providers can also enhance viewership by optimizing their videos for YouTube search. This includes using the Google keyword planner to uncover terms that a lot of people search for and including those keywords into the YouTube video page's description and tags. Another common technique to drive additional traffic to a YouTube video is to promote it through social media and paid media advertising.

LAST Word

Despite these obstacles, anyone who can build a huge and dedicated following on YouTube can earn a lot of money. According to Forbes, the highest-paid YouTube video creators earn nearly $20 million per year, so it's easy to see why so many people are drawn to this seemingly limitless source of revenue.