YouTube Monetization Guide – How To Set Up Your Channel For Monetization

Millions of people watch Youtube videos each day. Many are trying to make money through the site, whether it be by using Youtube to generate leads for their business or by using the site as a means to get brand exposure, or even by learning a new skill that they can monetize. If you’re surfing the web for ideas on making money off YouTube, you’ve come to the right place.

In this article, we’ll go over how to monetize your YouTube channel so that you can make money from your videos in no time.

What is YouTube monetization?

YouTube monetization refers to the ability of a YouTube user to make money from their video content. While there are several ways for a video creator to be compensated for their work, typically when someone discusses monetization on YouTube, what they’re referring to is the ability to make money from ad revenue.

It is a program that allows content creators to earn money from the videos they upload to their channels. To be eligible for the program, channels need to meet specific criteria, such as having at least 10,000 total views and 1,000 subscribers. When a video is monetized, ads will play before or during the video and then, the video creator gets a cut of the advertising revenue generated by their video.

3 Youtubers making it big from their channel

YouTube monetization is a hot topic for creators. It’s a great way to earn money from your videos, and it’s easy to get started. But there are a lot of myths and misconceptions about how it works, so I thought I’d clear up some common questions with some facts. Here are three top people making it big with YouTube Monetization;

  • Matt Par. Matt Par is a 19-year-old youtube prodigy who started uploading his videos on youtube when he was 14 and has made over $100K on YouTube. He has also amassed over 1 million subscribers on his channel.
  • Jordan Mackey. Jordan Mackey is another top YouTuber who’s been able to make good money from his videos, He has gained over 2 million subscribers on his channel since he started making videos back in 2016, so he must be doing something right. Rumours had it that he makes around $1 million annually by making money-online-related videos on his channel.
  • Piedewpie. Piedewpie is an American YouTuber who posts videos about League of Legends and other games. He has just over 1 million subscribers on his channel and has earned over $200 000 from ad revenue alone from one of his videos!

How To Monetize Your Youtube Channel

New YouTubers are often confused about how to monetize their channel, should you monetize after your first video? What’s the requirement for monetization? What are the processes? These are questions that every new YouTuber asks often. This is why I have compiled a step-by-step guide on how to monetize your channel:

  • Step 1: Set up a YouTube channel

If you’re just starting, you may want to keep things simple by creating a new channel. You can always merge your existing channels in the future if you decide to expand your brand or create multiple channels.

  • Step 2: Build up your audience

It’s important to get an audience before beginning to monetize your videos. You need viewers for them to see the ads, after all, the more views and subscribers you have, the more money you can make from YouTube ads.

  • Step 3: Enable your Youtube account for monetization.

You must enable monetization on your channel before you begin to earn money from ads. To do so, log into your account and click on the “Creator Studio” tab.

  • Step 4: Join the YouTube Partner Program (YPP).

After building up an audience, it’s time for monetization! To earn money from ad revenue generated by your videos, you must join YPP as an official partner. This means agreeing to certain terms & conditions.

  • Step 5: Set up an AdSense account.

Once you’re in YPP, you can set up an AdSense account and begin earning money from the ads that run on your videos. Google will pay out earnings based on a complex algorithm that takes into account how many views and likes your video gets, as well as other factors like geographic location and device used.

What is the requirement for YouTube monetization?

To get a Youtube channel monetized, you need to meet the following requirements:

  1. You must have at least 1000 subscribers
  2. Your total watch time must be at least 4000 hours in the last 12 months
  3. You must have linked your channel to a valid payment method or have enabled ads on your videos
  4. Your account needs to be in good standing (free from copyright strikes, spamming e.t.c)

Extra ways to monetize your YouTube channel

YouTube Monetization Guide
YouTube Monetization Guide

One of the biggest misconceptions about Youtube is that you can only monetize it with Adsense, but that’s not true. You can only make money on Youtube Adsense if you have a lot of subscribers and views.

However, If you have a small channel that is yet to meet Youtube partner policy and are looking for ways to make money, here are some ideas:

  • Paid Content – You can create paid content by creating courses or e-books on topics related to your niche. This will allow you to charge for your work and provide value for those who want to learn from you.
  • Affiliate Marketing – You can also make money by referring people to products through affiliate marketing programs such as Amazon Associates. An affiliate link is a special URL that when clicked takes the user directly to the product page where they can buy it. If someone buys something using your affiliate link, you’ll get a percentage of their sale as a commission.
  • Sponsorships – This can be done through companies like Patreon which allow companies to sponsor creators directly in exchange for promotion on social media platforms. This type of sponsorship usually requires an established audience and a high number of views on videos or posts before companies will consider working with them.
  • Donations – You ask viewers to donate funds to help you continue producing free content and insightful content. This is a great way to start, but it’s not sustainable unless you have thousands of subscribers.
  • Merchandise Sales – You can sell merchandise like t-shirts, hoodies, and hats with your logo on them through Teespring or Redbubble. The downside is that these sites take a cut of sales made through their platforms, so they aren’t ideal if you want full control over how much money you make from merch sales.
  • Channel Membership – Channel membership is the most common way to monetize a channel, and it’s also the least intrusive method of generating revenue. Basically, you can offer paid memberships where viewers pay an annual fee in exchange for exclusive content that isn’t available elsewhere on the site. It’s similar to Patreon in that sense; however but there are no recurring payments or tiers — only one flat price per year.
  • Super Chat- Super Chat is a new way for fans to show their love for their favorite creator with real-time animated emojis in chat. Fans can purchase these special chat messages and get noticed by their favourite YouTubers. If a Super Chat message stands out from the crowd, it will be pinned to the top of the chat window so that even more people can see it. Creators also get paid every time their fans use Super Chat.

In Summary

Whether you already have a channel or are about to start and need some guidance, YouTube can be an immensely lucrative platform. It’s essential to do your research so that you understand the ins and outs of this relatively new system.

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Gift Vincent is a digital communications specialist and an entrepreneur who specializes in helping digital enthusiasts and entrepreneurs build a sustainable digital business and an optimized online presence to reach their full potential.

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