Youtube

The Ultimate Guide to YouTube Monetization in 2024

25 October 2024

YouTube has more than 2.49 billion users globally, making it the second most popular search engine globally. You may not have started a YouTube channel for the sole purpose of making money, but there are numerous ways your uploads can generate income for you.

If you have high-quality content that people want to see, you can succeed as a creator on this platform because of the size of the audience. This guide will walk you through the process of monetizing your YouTube channel in 2024.

Table of Contents

The Ultimate Guide to YouTube Monetization in 2024:

What Is YouTube Monetization, and How Does It Work?

YouTube monetization means earning revenue from your YouTube videos. The YouTube monetization model is relatively straightforward. To make money from YouTube, you must first become a YouTube Partner by joining the YouTube Partner Program. To join this program, your YouTube channel must:

Follow the official YouTube channel monetization policies.
Be based in a country where the program is available. See the list of eligible countries here.
Have no active Community Guideline strikes.
Have 2-Step Verification turned on. This applies to the Google Account your YouTube channel is registered with.
Have access to the advanced features on YouTube. See the list of features here.
Have active Google Adsense linked to your YouTube account. You can also set up new Adsense by following the official YouTube Help Guide.

Businesses that want to advertise on YouTube create these adverts through Google AdSense Network.

These advertisements can be displayed at any point throughout the video. Owners of these videos are compensated each time a viewer sees the complete advertisement.

YouTube Monetization Policies

When you’re aiming to make money on YouTube, it’s essential to follow YouTube’s monetization policies. These rules are designed to ensure that your content is suitable for advertising and aligns with the platform’s standards. They cover various aspects, including YouTube’s Community Guidelines, Terms of Service, Copyright, Rights Clearance Adjustment policies, and specific program policies.

Key Policies for Monetization
Advertiser-Friendly Content: Your videos need to be suitable for advertisers. This means avoiding content that could be considered offensive or inappropriate. Ad-friendly guidelines are crucial for maintaining monetization through ads.
Commerce Product Module (CPM): To use fan funding features like Super Chat or channel memberships, you must accept the CPM and adhere to the associated policies.
Reviewer Assessments: YouTube’s reviewers regularly check channels to ensure compliance. They look at your channel’s main theme, most viewed videos, newest videos, biggest proportion of watch time, video metadata, and your channel’s “About” section. This comprehensive review helps maintain the quality of monetized content.
Community Guidelines: Every video and the overall channel must comply with YouTube’s Community Guidelines. Violations can lead to demonetization or content removal.
Program Policies: Being part of the YouTube Partner Program (YPP) requires compliance with all program policies and YouTube’s Terms of Service. This includes avoiding repetitious content that offers little variation or value.
Content Quality for Kids and Families: If your channel is marked as “made for kids,” it must meet specific quality principles to stay monetized. Low-quality content can lead to suspension from the YPP.
Creator Responsibility and Integrity: Maintaining honest and respectful behavior is crucial. Deceptive practices or artificially inflating engagement metrics can result in penalties, including temporary or permanent demonetization.
Policy Updates: YouTube frequently updates its policies to adapt to changes in the platform and regulatory environment. Stay informed by checking YouTube’s policy changelog regularly to ensure your content remains compliant.

How to Make Money on YouTube?

If you are looking for ways to make an income off your YouTube channel, here are 12 ways you can do so:

YouTube Partner Program
Through affiliate marketing
Being a YouTube Influencer
Channel memberships
Content licensing
YouTube Shorts Fund
YouTube Premium revenue
Selling online courses
Selling merchandise
Super chat and super stickers
Crowdfunding
Driving traffic to your blog using YouTube videos

1. YouTube Partner Program

To begin earning money from your YouTube videos, you must first become a member of the YouTube Partner Program. AdSense monetization of YouTube videos using Google AdSense is one of the most prevalent and straightforward methods of generating income from your YouTube videos.

Once you’ve linked your YouTube channel to your Google AdSense account, you’ll be able to submit your videos in consideration of monetization through AdSense. If your video meets the monetization requirements set out by YouTube, it will be authorized for monetization. You must meet the following requirements to join the YouTube Partner Program:

Have at least 1,000 subscribers
You must have at least 4,000 hours of watch time in the past 12 months
Adhere to the above-mentioned YouTube Partner Program requirements

Before permitting monetization on your account, YouTube verifies your application and ensures that you have complied with its regulations. Getting a response from YouTube about your application for its Partner Program might take up to a month.

The only thing left to do is switch on advertising on your YouTube account once you’ve been accepted into the YouTube Partner Program and start making money from ads.

What if Your Application for the YouTube Partner Program Was Unsuccessful? What Are Your Options?

If your application for the YouTube Partner Program is turned down, you will be given a broad explanation. There is no way to know exactly what material caused the rejection, so you may have to edit your channel based on guesswork. But the good news is that you can reapply in 30 days.

If you believe that any of your videos violate the community’s rules, you should make the necessary changes. You may have to remove copyrighted material from your video and re-upload it as a last resort.

2. Affiliate Marketing

Another lucrative source of income for YouTubers is affiliate marketing. When you promote a product through affiliate marketing, you’ll get paid a commission. Signing up for an affiliate program is the first step to achieving this.

There are various options available depending on your location. Each affiliate is provided with a unique link that directs customers to the promoted product or service. You can promote your affiliate link by creating video marketing for that particular product and then include your affiliate link in the video description.

Any of the following might work as a suitable video:

a review of the product
an unboxing video
a how-to video

Remember to put an affiliate disclaimer, telling your audience that you will get paid a commission if they purchase through your link. You can mention that in the video or include it in your video description as well.

For every sale completed through your unique link, you will gain commissions. Find affiliate programs for products in your niche or register with affiliate networks. The following are a few well-known networks for affiliate marketing:

ClickBank
Amazon Associates
Walmart

3. Be a YouTube Influencer

Influencer marketing and sponsorships are becoming increasingly popular, and brands are spending their marketing budget on influencers who have already gained the trust of their target demographic.

If you can get the appropriate partnerships, this opens up many possibilities for you as a creator. Influencers on YouTube may earn a substantial amount by advertising products and services from businesses, just like in affiliate marketing.

Companies would be interested in working with you if you have a large and engaged following and your content is relevant to their target market. Getting brands to partner with you can be difficult, especially if you don’t have a large following.

One way to overcome this barrier is to sign up with an influencer marketing agency like Viral Nation and Fanbytes by Brainlabs. As a rule of thumb, it’s better to list yourself on as many platforms as possible to ensure maximum exposure and attract the right businesses.

Always remember to label advert videos as “paid promotion” if you’re producing sponsored content. Google’s ad policies should also be followed to avoid penalties on your account.

4. Channel Memberships

Source: youtube.com

Channel memberships allow viewers to support your channel by making monthly payments in return for exclusive benefits available only to members. Up to five tiers of YouTube membership may be created, with specific bonuses added to each level as you go through them.

To create one, you must have a minimum of 1,000 subscribers and be over 18 to be eligible. If you want to use this feature, you must also be a YouTube Partner Program member.

To receive bonus content or unique privileges, you’ll be able to ask your subscribers to become members of your channel, who will then be required to pay a little monthly charge ranging between $0.99 and $100 in exchange.

If, for any reason, you violate the community standards or have your account canceled, your members will get a refund for the most recent month of their membership.

5. Content Licensing

Your content can be licensed for money if you ever manage to make a big-hit viral video. Most likely, you’ll have requests to utilize your YouTube video from different media sites requesting to use that particular video!

Since that video is licensed, they will have to pay to use it in their channel or publication. You can do this for some of your most popular videos.

To make it easier for others to get in touch if they want to use your viral video, you should include an email address in your “about page” on your YouTube channel. It’s also an option to list your videos in a marketplace so that the right people can quickly locate and purchase your content.

6. YouTube Shorts Fund

YouTube Shorts are short, vertical videos, mostly generated with a smartphone and posted straight to YouTube using the YouTube app, similar to how Instagram Stories are uploaded to Instagram. The maximum video length for a YouTube short is 60 seconds.

So how do you as a creator make money from this? Well, through YouTube Monetization. YouTube Shorts monetization began in May 2021 with this initial stage.

Only the creators of YouTube Shorts who match the platform’s criteria will be compensated. The following requirements must be satisfied to be eligible for YouTube Shorts rewards:

At least 1,000 subscribers
At least 10 million valid views in the last 90 days

More explanation below.

7. YouTube Premium Revenue

YouTube Premium allows creators to replace YouTube ads with ad-free viewing to generate an additional source of revenue. Subscribers to YouTube Premium do not see any advertisements, regardless of who generated the content. Instead, a percentage of the membership money received by YouTube Premium is distributed to the content creators who created the video.

A user’s monthly money is distributed between the creators whose videos they have seen the most during the month if they have a YouTube Premium membership. If you’re already a monetized creator, all that is required is that your content is watched by YouTube Premium subscribers.

8. Sell Online Courses

Creating and selling online courses are fantastic methods to generate money on YouTube. Offering an online course is a great way to make your skills more marketable to your audience. As long as your course offers something of value to your subscribers, they’ll be more than happy to invest their money and sign up.

An online course might be in the form of an e-book or a video. Remember that whichever format you use, be sure to provide high-quality content that impacts your audience and delivers value. It is easy for people to know if you underdeliver, which can make people start doubting your services or stop interacting with your channel. As a result, you can lose out on a lot of potential income.

9. Sell Merchandise

If you want to make money from your audience, you should consider selling merchandise to them. Buying shirts, caps, and notebooks is a great way for subscribers to demonstrate their support for your channel. This approach is the most effective for channels with larger audiences.

If you want to sell your designs, you can upload them to Printful or Printify’s online platform, where consumers can purchase them and get them by mail straight from the platform. The good news is that you don’t even need to be involved in the process.

In addition to boosting your channel’s subscriber count, selling branded products is a terrific method to monetize your YouTube channel and earn visibility for your business online and offline.

It’s easier to make money by selling merchandise than using AdSense. Rather than depending on the number of hours watched or views accrued, you’re banking on a steadily expanding fan base to keep buying your merchandise. You must be 18 years old and have 1,000 subscribers or have an Official Artist Channel to use the merchandising feature.

10. Super Chat and Super Stickers

Another excellent technique to generate money on YouTube is via Super Chat and Super Stickers. This feature is accessible to you as a YouTube Partner when live streaming. Super Chat or Super Stickers may be activated in a live chat for a small fee to make your subscribers’ messages stand out from the rest.

They will also receive personalized badges and emoticons during your live sessions. In addition, they get access to members-only benefits like live chats with you. To be eligible, you must be at least 18 years old and reside in a country where Super Chat is available.

11. Crowdfund

Source: gofundme.com

Even though you already use channel memberships, there are additional ways for you to earn money from your viewers. Crowdfunding using YouTube can help you generate money as a creator. Be mindful though as this might be off-putting to some of your subscribers since it might come off as begging.

In truth, if you provide high-quality videos, people will be more than happy to give money to your channel. Also, your success is determined by your specialization and the benefits that you can provide your funders. To raise money for your project, check out crowdfunding websites like Kickstarter or GoFundMe.

12. Driving Traffic to Your Blog Using YouTube Videos

YouTube is an excellent tool for creators to advertise their brand, gain new customers, and improve their website or blog traffic. An ad-supported or monetized website or blog may entice users to explore more and gain further insight into the subject matter you’re discussing. Most websites or blogs see an increase in revenue as their traffic increases.

The first step is to create a blog using the same name and logo you already have on your YouTube channel. Your blog and YouTube channel should appear and feel the same, so make sure they have a lot in common in terms of design.

Once it is set up, you can include the link to your blog or website in the video link description.

How to Increase Views on Your YouTube Videos

Getting a significant number of views on your videos is necessary to get consistent revenue from your YouTube channel. Here are eleven tips on how to boost your YouTube views.

Create Good Content

It doesn’t matter how many strategies and advertising campaigns you employ for video creation. To achieve success on YouTube, you must create videos that people want to watch and watch all the way through.

In the end, it all boils down to the quality of your content. If you’re unwilling to provide value to your audience, you won’t make your content marketing effective. First, determine what information your potential customers want to know before creating videos that can solve their problems.

You can also use basic graphic design tools like Canva to achieve this.

Transcribing Your Video Content

When it comes to YouTube videos, there has been a lot of debate over whether including subtitles or transcripts can help you rank higher in search engines. Closed captions, on the other hand, can enhance YouTube views since they appeal to viewers from various countries and those who are visually impaired.

To receive the most number of views possible from YouTube’s organic results, you must appear high in the search results on Google. Most YouTubers are tempted to go the quick route and buy views. But this is not a long-term solution because YouTube’s algorithms monitor behavioral analytics more than traditional metrics, like views.

Create a Blog Post for Each Video

Blogging is one way you can make money off YouTube through traffic. You can drive traffic from your blog to your YouTube channel. It takes a little more work to convert your videos to blogs, but with time, it yields results.

Posting videos is a tried-and-true method of improving the quality of the user experience of those prospects who like to watch rather than read. You can embed your YouTube video into your blog post and watch your views increase.

Create Playlists

The playlists you create should allow people to see your content in the order it was created. The remainder of your videos will begin to play whenever the first video ends, increasing the number of views for each one as the series progresses.

You may increase the number of people who view a playlist by publishing it on your channel, embedding it, or asking your subscribers to share it with their friends. Each one should be unique from the others, and the order in which they are played should add to the overall flow and relevance of the set. Below is an example of how these playlists look.

Source: Mark Rober

Work With Other Creators in Your Niche

Some of YouTube’s most popular creators have benefited from cooperating with other users to reach a broader audience. With each video you collaborate on, you will get new subscribers. Furthermore, if you collaborate with a well-known and renowned content creator, their viewers are more likely to become subscribers.

To have a successful YouTube collaboration, finding the right partner is critical. You should collaborate with creators who share your industry’s interests for your video to look more professional. Sticking on the subject of popular YouTubers, here’s an example of two popular faces on the platform collaborating.

Source: Nick DiGiovanni

Build and Facilitate a Community

Apart from being a video-sharing platform, YouTube also allows engagement between creators and subscribers. So if you want to obtain more views on YouTube, you’ll need to treat it like any other social media platform. Additionally, you need to actively engage your audience for them to keep coming back for more of your videos.

If someone asks a question, take time to give a helpful answer to encourage other viewers to leave comments. It will be easier for you to create your brand in a niche of devoted subscribers if you participate fully.

Be Consistent

Obtaining a large number of YouTube views takes time. The platform has its own set of regulations to guarantee that high-quality video content is delivered to its viewers consistently and frequently.

Try to establish many active subscribers using the tips mentioned above, and you’ll find that they account for the vast majority of your views, which in turn generate more money for you when you monetize your YouTube channel.

Conclusion

YouTube has given thousands of global creators the opportunity to make money from what they are passionate about. As a creator, all you have to do is decide which kind of monetization method is the most effective for your channel.

Alternatively, you could try two or more monetization methods on your channel and see the ones that work best.

To get paid by YouTube, you need to follow all of YouTube’s monetization policies and live in a country or region where the YouTube partner program is available. You can apply for monetization once you have 1,000 subscribers and more than 4,000 watch hours in a year time frame.