It’s no secret that some YouTubers are making a killing from the YouTube Partner Program, where YouTube pays them to put ads on their videos.
However, you won’t be eligible for YouTube advertising revenue until you have 1,000 subscribers and 4,000 watch time hours on your videos when you first start your YouTube channel.
This can be highly aggravating if your objective is to generate revenue from a YouTube channel. The best news is that even if you only have a small YouTube channel or are just starting, there are at least five different methods to make money on YouTube.
1. Affiliate Marketing
Affiliate marketing is a commission-based method of online income generation in which you promote other people’s products. It’s one of the simplest methods to start making money online, accounting for most of my earnings.
Get affiliate programs to join (Amazon is one of them.) Hundreds of them can be found by conducting a Google search.
You can promote your affiliate link on your YouTube channel by incorporating products into your videos, doing product reviews, or comparing multiple products people are searching for.
Next, add your affiliate link to the video description. Watch this video by Channel Makers to learn more. They explain in depth how they make $6k a month reviewing products on a YouTube channel younger than one-year-old.
2. Merchandise
You can make money from your new YouTube channel by selling merch to your viewers.To do this easily, design your products using a print-on-demand company like Printify.
You can design your print or have a design created for you on Fiverr. You then submit your design to Printify, and they may incorporate it into hundreds of different sorts of goods, from t-shirts to mugs and phone coverings.
You can promote your products on your YouTube channel by creating videos showing your products in use. You can also include links to buy your products in the description of each video.
3. Sell Digital Products
One of the most effective methods to make money from your educational channel is to promote and sell digital items connected to your videos.
Some YouTubers make six figures or more each year by doing this.
Examples of digital products are:
- Digital books
- Audiobooks
- PDF’s
- Workbooks
- Templates
- Tutorials
- Paid newsletters
- Online courses
ConvertKit is a powerful WordPress plugin that allows you to start selling digital downloads and paid newsletters without spending a dime.
4. Offer Coaching or Consulting
From my experience as a YouTuber, I’ve learned that there will always be some viewers who want more from you.
If you get this approach, it’s a sure sign that they’re interested in developing a mentor-like relationship with you fast. They’ll most likely request to “pick your brain” for an hour or want you to train them regularly.
Most of the time, your coaching services will pertain to the subject or sector of the videos you produce. By providing informal Q&A coaching or more formal training programs, you may quickly increase your monthly revenue by hundreds or perhaps thousands of dollars, depending on how you position yourself.
