YouTube Monetization: How to Earn Money in 2024 with Videos

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YouTube Monetization: How to Earn Money in 2024 with Videos

YouTube Monetization How to Earn Money in 2024 with Videos

Getting monetized on YouTube is the leading milestone every creator wants to cover. Achieving this goal can help you bring many opportunities to start earning a handsome revenue.

From a standard advertising program to YouTube Partner Program, affiliate marketing, and influencer marketing, the options are endless today. If you are wondering how you can reach the landmark of getting monetized on YouTube to unlock your earning potential, this guide is for you.

We have done extensive research and come up with a comprehensive guide, revealing everything on how to get monetized on YouTube and start earning money from YouTube in 2024. So, let’s begin your successful YouTube professional career here!

What is YouTube monetization?

Before learning how to turn on monetization on YouTube, every creator must learn what the YouTube monetization program is. In a simple context, YouTube monetization is the process of generating earnings from your YouTube channel. Once creators meet the specific criteria, they can unlock the potential to start earning revenue on the platform.

How to earn from the YouTube Partner Program – YPP?

When it comes to talking about how to earn money on YouTube, you are primarily discussing the YouTube Partner Program. Wonder who is eligible for this program and how you can join the partner program of YouTube? If yes, then worry not, as we’ve got you covered here!

Requirements for the YouTube Partner Program

Below are the primary YouTube monetization requirements that every creator must obey to be eligible for this program:

  • Creators must complete a milestone of reaching 1000 YouTube subscribers along with 4000 watch hours that are valid and counted from the last 12 months.
  • Another option to become eligible is to complete 1000 subscribers with at least 10 million valid views on YouTube shorts within the last 90 days.

If you have reached any of the above milestones, you will successfully become eligible to participate in the YouTube Partner Program. However, keep in mind that the approval of participation may also depend on some other below-discussed factors:

Other monetization rules to participate in the YouTube Partner Program

  • Creators must turn on the 2-step verification on their Google account.
  • Creators must not have any active community guidelines strike on their channel.
  • Creators must have advanced features access on YouTube.
  • Creators must have one active Google Adsense account which they will link with their YouTube channel.

How to join the YouTube Partner Program?

Once you have reached the milestone of YouTube monetization policy, your channel will not automatically be considered for the YouTube partner program. You need to apply for the partner program manually instead. Follow the given guidelines to safely apply for the YouTube partner program:

Mobile users (Both Android and iPhone)

Android users can join the program by following the given simple steps:

  • Go to your YouTube studio app
  • Tap the Earn tab available on the bottom menu
  • To get started on the program select Apply
  • Click Start to review and accept the basic terms and conditions
  • Now, set up an Adsense account or link the already registered one

Desktop users

Go through the given guidelines to apply for YPP on your desktop:

  • Start with signing in to YouTube
  • Click on your profile picture to go to the creator studio
  • Click on the Earn tab available in the left menu
  • Now select Apply to get into the program
  • Tap on Start to review and accept the basic terms
  • Now set up a new or link an existing Adsense account

Once you have done the process to join the program, you will see In Progress status. It means your application is submitted and YouTube will notify you of their decision once the review process is completed.

Possible ways to make revenue from the YouTube Partner program?

Once you successfully become a verified YouTube Partner, you can earn money in several ways. Examples are listed below:

1. YouTube ad revenue

You can earn ad revenue by displaying ads on your YouTube channel. The ad formats may include display ads, overlay ads, and video ads.

2. YouTube premium revenue

YouTube offers premium members to watch ad-free content by paying premium account costs. Creators receive something from the membership fee of viewers through YouTube.

3. YouTube channel membership

In this way, creators can earn subscription charges from YouTube users who want to watch their exclusive content on the platform.

4. YouTube merch shelf

This method allows creators to sell their products directly to their viewers via their very own merchandise shelves. This shelf is displayed on the video page.

5. YouTube super stickers and super chat

Creator’s fans and viewers buy super stickers and messages to show their support for creators. When viewers pay for these features, creators receive a cut.

6. YouTube BranContent

In this process, brands advertise their services or products through YouTubers under lucrative deals. Note that currently, the YouTube BrandContent option is only available in the USA, Canada, and the UK.

How do creators get paid by Adsense?

Here is how YouTubers or creators can receive money from Adsense after successfully becoming a participant in the YouTube Partner Program:

  • First of all, creators need to put their country-specific tax information and verify their identity.
  • Adsense will send you a PIN through mail that you need to put into your account to verify your address.
  • Once the earnings go above $10, creators are asked to select the payment method through which they will receive their revenue.
  • Creators will be able to withdraw revenue once they complete a threshold of USD 100, set by Google Adsens.

Other possible ways to earn money from YouTube in 2024

Other possible ways to earn money from YouTube in 2024

If you do not want to be involved in a YouTube partner program or want to combine some other income strategies with a partner program, you are informed that there are plenty of options to get in.

Whether you are eligible for a partner program or not, you can earn money with several other methods, if you have a huge fan following on YouTube. We have compiled a list of those methods, enabling creators to earn money on YouTube.

Let’s have a look at the list of sources, allowing you to choose the best option according to your channel’s status:

1. Affiliate marketing

Affiliate marketing is a process in which creators suggest their viewers find a particular product from a particular platform. When viewers buy products from the creator’s reference, creators get a commission from the affiliate program. This is considered a risk-free and easy process to generate income as a YouTube creator.

Marketing professionals share some helpful tips with creators to become successful affiliate partners. For example, first of all, you need to select your niche and the targeted audience. Create videos or tutorials to guide your audience about particular products. You must also tell them the possible benefits of products.

Other ways to convince them are uploading videos of unboxing products or telling them your honest review. Add the affiliate links of products in the description and encourage users to check those products from the given links.

2. Fan funding

This is a similar way as YPP encourages your viewers to support you in terms of offering you special stickers and chats. In this process, you can directly ask your fans to fund your particular projects.

For this purpose, you need to have a loyal community. To build strong loyalty and relationships with your community, ensure that you make them educated by all means within your niche. Fans support their stars on YouTube by funding their projects.

You should go live with them and tell them about your ideas and their consequences. Tell them that how you will come with special perks and exclusive content for them.

3. Crowdfunding

Crowdfunding is another way to earn money from your fans or viewers. To encourage your viewers to make a regular contribution and support, set up a Patreon account.

Offer your users membership or subscription perks such as early access or exclusive content that is not available for everyone. You can also host member-only live streams and member-only merch under specific subscription options.

4. Become a brand influencer

With the increasing trend of social media, influencer marketing is flourishing. Many brands and other creators on YouTube are always in search of the best influencers who can endorse their products or services to their targeted audience.

Once you become a renowned profile on YouTube, you can contact brands and start marketing their products under lucrative deals. Ensure that you have a community or fanbase from a particular region and attract brands from that region too.

The more you can arrange profit for brands, the more chances of earning you can unlock as an influencer marketer. When creators or influencers do good for brands, they hire them as their permanent brand ambassadors, bringing more opportunities for them to generate constant revenue for a long time.

5. Create sponsored content

Another option is to create sponsored posts on your YouTube channel. In this process, you create content or upload specific information on behalf of other brands. In this way, those brands get recognition via your endorsement. In return, you make some profitable deals with them.

To deliver better traffic and results on the sponsored post, you must endorse a brand or product that is relevant to your niche and popular among your audience.

6. Sell your own products directly on YouTube

If you do not get access to the YouTube Partner Program and want to sell your products on YouTube, you can directly sell them through your videos. What you need to have is a particular traffic on your channel from the region you want to target or sell your product.

Convince customers by elaborating on the benefits of your products. You can also teach them how to use particular products to get maximum benefits.

7. Sell your courses or guidelines

Another effective way for YouTube creators is to sell their own courses and guidelines to users. There are so many examples of such an idea available on YouTube.

For example, tutors or educational entities sell their courses to students for a particular subject. Digital marketing experts, SEO professionals, and other skilled people sell their courses to students who are new in the field. They sell these courses under a specific budget.

Conclusion

For businesses or content creators, it may be challenging to get recognition on YouTube or cover the monetization milestones in the beginning. However, once they complete this challenge, they can unlock a variety of options to earn money.

From YouTube partner programs to affiliate marketing, influencer marketing, and others, there are a lot more options available. Creators who decided to start their YouTube professional career in 2024, must keep in hand this comprehensive guide to know what opportunities are waiting for them.

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