I Have 14 Ideas to Make Money on YouTube. Do You Have 3 Minutes?
Want to make money online? Becoming a YouTuber could be a good choice.
YouTube gets more than one billion unique users a month: that’s a huge audience.1 Many people are already making money there: YouTube boasts one million creators in its YouTube Partner Program alone. With every 1,000 views, you will be able to get an approximate return of $2-$4.This might not seem a lot, but if you consider making 100 videos with 5,000 views each, that would already be $1,000-$2,000. That would be a decent amount of money.
However, it may not be that easy from now on. YouTube has applied a rule to the partner programme. Creators won’t be able to turn on monetization until they hit 10,000 lifetime views on their channel as an effort to remove bad actors in the community.2 This is a heightened threshold for creators who want to earn a living from YouTube.
Having a million views on a video is nowhere near simple. Luckily, income does not flow only from YouTube revenue or ads, there are also other ways.
See YouTube as a facilitator to make money, not a monetizing platform.
It’s easy to get started, simply use Google’s Creator Playbook. But it’s more challenging what you do with it afterwards.
If you want to start a journey on YouTube, do not see it as a monetizing platform, rather, view it as a catalyst to further your income source. Here are some ways on how to make money on YouTube:
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1. Use YouTube to get traffic to your website and blog.
If you’ve got a website or blog which brings in income, you need traffic.
Many websites were hard-hit by Google’s Panda, Penguin and Hummingbird updates. If this happened to you, you’re hurting. You can use YouTube to not only regain traffic, but also increase it.
Get started with the Creator Playbook. Once you’re set up, consider repurposing some older content into videos, as well as creating new videos. Make sure that you link to your own website in the first line of your video descriptions, so you can funnel your YouTube traffic to where you want it to go.
▲ The School of Life is an example of getting traffic from YouTube to their own blog.
2. Create products and promote them on YouTube.
If you’re creating your own products or would like to, YouTube offers unlimited ways for you to promote your products and make sales. Products you can create include ebooks, apps, art, and music.
Create your products, and add them to a shopping cart. Then use YouTube to promote them. Add a link to your product in your video’s description, so that viewers can buy.
3. Sell others’ products as an affiliate marketer.
“Affiliate marketing” means selling products in exchange for a commission. Hundreds of thousands of companies offer attractive deals to affiliate marketers who promote their products, including huge companies, like Amazon and eBay, as well as smaller companies.
Additionally, there are many affiliate networks you can join. These networks include ClickBank, Commission Junction, and ShareASale.com.
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▲ Amazon’s affiliate program
To make money from YouTube as an affiliate marketer, review your affiliate products on video, or create “how to use this product” tutorials. Don’t forget to link to your products in your YouTube descriptions – make sure you’re using your affiliate link, or you won’t get credit for sales.
4. Create a Web TV series.
Love telling stories? YouTube lets you create your own Web TV shows. You’re limited only by your imagination… and your budget.
You can create a comedy series, a drama series, or your own talk show. Be aware that YouTube limits your show’s length to 15 minutes. To upload longer videos, you’ll need to increase your limit.
If you’re a frustrated TV or screen writer, get a few friends together, and record your own TV shows. You never know. If you get lots of views, you may develop a new career.
▲ Smarter Every Day is a web TV series example
5. Become a YouTube personality.
YouTube stars can make a lot of money.3 PewDiePie, despite having lost major advertisement recently, remains number 1 of the highest-paid YouTube stars with $15 million in 2016. It was estimated that he could receive over $13,000 for a week of publications.
If you’ve got quirky ideas, or are passionate about your interests, develop your YouTube channel. You never know, you may be the next YouTube star.
▲ PewDiePie is famous for doing game review
6. Monetize your videos with the YouTube Partner Program.
After you’ve created several videos, it’s time to join the YouTube Partner Program. All you need to do is enable your channel for monetization, and you’ll receive your share of the income from advertising on YouTube.
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Just as the YouTube stars do, you’ll get paid for each thousand views on your videos. Click this link to get started – your first step is to verify your channel.
7. Teach: share your knowledge with tutorials.
Tutorials are huge on YouTube. If you know how to do something, you can teach others, and make money from your videos. Beauty videos are popular. Michelle Phan, for example has over 1.3 million views.
▲ Michelle Phan is famous for doing online makeup tutorials.
8. Test-market your products.
YouTube is an amazing resource for market research – you can soon discover whether your brilliant, innovative idea is likely to be profitable.
For example, if you’ve got an idea for a product, but need funding, create some videos before you create a Kickstarter.com campaign. The views and comments on your videos will tell you whether your idea is viable in its present form. The YouTube audience can even help you to make it viable, so that your efforts to get funding are successful.
9. Become an expert on metadata: use keywords to get an audience.
One hundred HOURS of video are uploaded to YouTube every MINUTE.4This means that there’s a huge competition for attention. You need to do everything you can to ensure that your videos get found. Your videos’ meta data will help.
“Meta data” is data which gives information about your videos. In its Creator Playbook, YouTube tells you how to create your meta data:
To maximize your presence in search, promotion, suggested videos and ad-serving, make sure your metadata is well optimized – your video’s title, tags and descriptionADVERTISING
Optimizing your videos for search makes the difference between success and failure, so be sure to do it.
10. Build your brand using YouTube.
As marketing guru Tom Peters pointed out way back in 1997, you’re a brand, and you have power.5 YouTube helps you to amplify YOU.
Whatever you’re doing, and whatever your job, YouTube can help you to become known for your strengths, and make money. Even if you have no clear idea on how you could make money on YouTube, get started creating videos about your interests.
You may just stumble across a gold mine… just as the people who turned their pets into stars have done.
11. Turn your child or pet into a star (and make money).
Two cats, Lil Bub and Grumpy Cat, started out on YouTube, and have become worldwide stars, with book deals.6
▲ Grumpy Cat and Lil Bub
As Forbes points out,7
“You do not have to be a singer to become a YouTube star. If you are lucky, you could shoot a video of your child, pet, or a double rainbow that strikes a chord and goes viral.”
So keep your video camera handy. If you see something cute, video it, and upload the video. (Don’t forget the meta data.) You never know who or what will be the next video sensation. Create that sensation, and you’ll make money. So there you have it – eleven creative ways you can make money on YouTube.
12. Scheduled videos
It would be much more easy for viewer to catch your content if you publish it in a specific timeframe in a regular basis. It might also make them more tending to following your channel, which is to subscribe to you.
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It is crucial to have base audience which would always come for your content so that you can ensure your number of views for each video. This also is ensuring a steady amount of income.
13. Crowdfunding
Crowdfunding is becoming more and more common with the introduction of Kickstarter and Indiegogo. It could be a great source of money if you have a great idea for a media project on YouTube. Not only does it generate your initial fund, it also contributes to establish audience and revenue for your project in the future.
For example, famous YouTube channel Corridor Digital uses Patreon as a way to fund their videos or movie projects, with return of special perks for these supporters.
▲ YouTube Channel Corridor Digital
14. Seek sponsorship
Lots of company nowadays provide sponsorship to YouTube channels for direct advertisement. A common source would be Audible from Amazon which frequently sponsor knowledge-giving show such as Vsauce and Veritasium. The good thing about it is that you can directly receive the sponsored amount rather than splitting it with YouTube.
To reach for a sponsorship you might need to work on a detail proposal about the things you are able to provide. Make sure you know well about your audience and the brand you are approaching.
▲ Example of sponsorship for YouTube Channel
Bonus Tips!
Measure your earning goals
It is important to check your progress regularly in order to tell if you are still on the right track in terms of finance.
Sets goals for yourself to measure. If you are not meeting the goals. the current way for income may not be working for you, or that the quality of the videos are falling . It might be a signal for you to work on some changes.
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Be creative
Quality content is always the key to attract viewers. And to have high quality content you can never be lack of creativity.
The internet is changing so fast that a trend can come and go within a week. New ways for you to gain extra revenue could pop up without you noticing.
So be creative with your use of resources. Always explore new ways and ideas for production and you may have unexpected returns.
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Published: May 29, 2017
You're Burning Your Hard Earned Money If You Do These 8 Things Often
Saving money in today’s economy can sometimes feel impossible. Do you often find you earn an okay amount but don’t seem to have enough at the end of the month? Taking a good look at our spending habits and recognising how we use our money can go towards re-evaluating and cultivating a life where we only spend what’s necessary.
8 Daily Habits That Drain Your Money Unknowingly
What can you do to help stay mindful of what you spend your money on? It’s all about adopting habits to help you be aware of how you spend your money but these are common habits we have that drain our money more easily.
You Justify Buying the Cheap Stuff
We think we’re saving money if we opt for the cheaper options but in truth, quality lasts longer. Looking at more expensive options as an investment rather than an unnecessary expense is a better mindset to have but we seldom think like this because in the moment more expensive equals more money.
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Spending money on items that last rather than cheap ones that need replacing more often will save you money in the long run.
You Justify Buying Sale Items
We’re led to believe that buying stuff on sale is saving money. If you’re in a supermarket and what you intend to buy is on sale, then great. But we can get caught up thinking we’re getting a bargain when really we’d never have bought that item in the first place were it not on sale! So curb unnecessary purchases – don’t get sucked in to the sale items and justify buying them because you believe you’re saving money – you’re not.
Your Savings Account is Too Easy to Access
It’s so easy these days to with internet banking, to have easy access to our savings. While your good intentions are slowly piling up in your savings account, if it’s easy to get to, you can sometimes delve into it if you feel you’re down on your money.
So find savings accounts that aren’t so accessible and can’t be linked to your current account. This will help you think twice about transferring that money if it’s not so easy to do.
You Don’t Wait 30 Days Before Big Purchases
This is a good trick if you’re more of an impulse buyer. Impulse buying can drain our money extremely quickly and we can be very good at justifying why we need an item. If it’s a big purchase then do this 30 day rule before going ahead with it. You’ll be surprised at how much your mind can change in this period and often you’ll realise you probably don’t need to buy it or, even better, find a cheaper alternative in the meantime.
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You Don’t Set Realistic Goals
When we set the intention of saving money, we can get lots of big ideas on how to do this but most of the time, although it feels good and productive to set these big goals, you can’t realistically stick to them in the long term. This then begins demotivation. So for example, instead of setting the goal of not eating out in the next month, set a more manageable goal of letting yourself eat out once a week instead of your normal 2 or 3 times.
You Don’t Write Lists of What You Need Before Shopping (and Stick to It)
This is similar to the impulse buying but more so when we’re food shopping. When you’re hungry, you will buy around 20% more food than if you went on a full stomach. Being purposefully mindful before you leave the house by making strict lists of what you need, will cut down more spending than you realise. Research recipes in advance and stick to only what you’ve written down. If it’s not on the list, it doesn’t make the cut!
You Waste Time Finding Cheap Deals
The emphasis here is on time. We spend so much of our time researching in order to find the best deals and often in these moments the best deals actually pass us by or sell out. Think of time as money too – overthinking and overanalysing can waste you money despite thinking that you’re ultimately saving it.
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You Don’t Carve Out Time to Declutter Your House
Decluttering your living space is one of the best things you can do to save money. Not only because you can sell many of your old items and actually make money, but also it transforms the space in your mind as well. Once you realise that you don’t need so many possessions to make you happy, it will shift your mindset and make you more aware of unnecessary spending in the future.
Cultivating this mindset is what will save you the most money in the long-term and help you to re-evaluate what’s important to you. So adopt the mindfulness of spending your money to create a better way of saving it.
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Published: April 20, 2017
How to Be Your Own Boss with Little (or No) Money
It is easy to get sick of the grind: the dismal 9-5 system. Maybe you spend too much time for too little money. This is so ingrained in our minds that any alternative way of making money or becoming our own bosses seems to be a Herculean task. However, this difficulty is illusory. The secret to being your own boss and making decent money relatively easily away from traditional work may just lie in network marketing.
What’s Network Marketing?
Network marketing is a popular method of business and an alternative form of product distribution.1 The traditional method of distributing products to customers is one we’re all pretty familiar with. Products are manufactured somewhere, then sent to a distributor who sends it to stores to be brought by customers. Its relatively straightforward and lots of people profit along the way. However, network marketing provides a different system.
With network marketing the distribution is done through a network of agents who market the products to other individuals. These agents may have other people under their leadership who market goods to others. Profit is made via direct sales and distribution of the products.
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“Wait. Is this a….?” I know what you’re thinking. “Pyramid scheme”, right? While they are admittedly similar systems, there is one crucial difference.
Pyramid schemes focus on the money being made through the recruitment of others. These people may be duped into thinking that through the pyramid scheme they will easily find their fortune, when really they are just the means for others to make money. With network marketing the focus is on selling and distributing the products- not the recruiting of others.
It can be such an effective system that some very well-known companies operate and sell their products through network marketing. One of the most well-known examples of this is Tupperware.
The good things about network marketing:
- Why should you consider network marketing? For a start, it gives you a degree of freedom that an ordinary 9-5 job can’t possibly offer.2 To an extent (meaning you’ll still need to get things done), you will be able to tailor your marketing around your life, working from home as you do so. There is no income cap. If you get really good at selling you will earn more money.
- You’ll be your own boss without worrying about hiring and firing because there will be no employees. Whilst you may form relationships with other agents and marketers, you won’t need to worry about paying wages and all of the other responsibilities the boss of a regular business must handle.
- Even when you’re not on the clock you will still be able to generate income. Network marketing relies on it.3 You’ll be able to benefit from residual income if you help others start in the business.
- Many of us have had to suffer the pains of being laid off or fired.
Assuming you are successful at getting your network marketing business off the ground, you will have unbeatable job security. You’re your own boss after all!
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The not-so-good things about network marketing:
Now before you think I’ve drunk the cool-aid and am now off to start a pyramid scheme, there are some negatives that are very much worth consideration. The most obvious is the clear similarity to pyramid schemes. If you do plan to involve yourself, you need to be sure that you are engaging in a legitimate network marketing system – not a pyramid scheme which is illegal. This will require significant diligence and research on your part to be sure, but a good rule of thumb is to note how the money is made.
The Federal Trade commission says the following about the difference between network marketing and pyramid schemes:4
“They all share one overriding characteristic. They promise consumers or investors large profits based primarily on recruiting others to join their program- not based on profits from any real investment or real sale of goods to the public.”
However, with direct marketing, the focus is money made via sales – not recruitment. When it works, network marketing can be hugely beneficial for all parties involved.
There are other considerations too:
- Most sales you’ll make will be face to face.5 Only a small fraction of sales through network marketing occur online and instead will be face to face or over the phone. This is something you’ll need to be comfortable with.
- Even if you are comfortable with selling face to face, you will have to get used to rejection.
- It is not usually a get rich quick scheme. It can take time and some investment to set up and even then you’ll be competing somewhat with other agents. Although it’s possible to make a lot of money, it probably will not happen fast.
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So, how do you start?
The good news is that getting started in network marketing is a relatively simple process.6
Firstly you need to decide on a product that you want to sell.
A popular choice is nutritional products.7 Initially you will have to invest some money to register with the company and buy the product you wish to sell.
These prices can vary but often begin around $100. Companies like Tupperware, who are built around network marketing, offer down payments. Considering the amount of money they charge to get started is crucial because whatever is required you will have to recoup before you can make a profit.8
Many people are experienced and successful in network marketing and can serve as mentors.
It is advisable to listen to what they say. Companies experienced with network marketing will likely have systems in place to help you get started. After all, you’re part of the way they will make money.
Spread the word that you are in business.
You should consider building a website, or market through social media, classified ads, and even to friends and family. (We’ve all heard of Tupperware parties which for all intents and purposes, are super-casual trade shows.)
After considering this information, all you need to do is select your company and get selling!
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