Are you looking for BEST WAYS HOW To MAKE MONEY ON YOUTUBE IN 2020? Well, I got you covered in this post whereby I highlight the different ways through which you can monetize your YouTube videos in 2020.
What's Covered in This Article
Become a YouTube partner and earn from Google adsense
Of course you expected me to start with that. Didn’t you?
Well, to take advantage of Google’s YouTube advertising program, you will need to meet some basic minimum requirements to be eligible for monetization.
Re:
- Have at least 1,000 subscribers.
- Have at least 4,000 hours of watch time within the past 12 months.
This may sound daunting but I’ve shot an entire video that walks you through the process of starting a YouTube channel in 2020, growing it, and monetizing it.
Two things to keep in mind while monetizing your YouTube videos via Google adsense:
- Your earning are highly dependent on the number of views your videos get aka CPM;
- YouTube takes a 45% cut of all advertisement revenue you earn.
Hence why this list includes 7 more ways for monetizing your YouTube videos using other avenues outside of just Google Adsense. So without much further ado:
Request for donations from your fans
You’ve probably seen YouTubers that request their viewers for donations using various sites such as PayPal.me, Patreon, Kickstarter etc., which lets them link a page to YouTube for people to send them money.
For you to make money from YouTube in this manner, you must be prepared to invest lots of hours creating highly valuable videos that solve problems for your viewers and subscribers.
Otherwise, they’ll have no motivation for sending you money – without strings attached.
If you feel comfortable asking your subscribers to fund your channel, then crowdfunding sounds like an option for making money on your YouTube channel.
You can view the full list of crowdfunding links from YouTube approved sites here. Integrate your preferred link to your channel to ask for tips and donations in exchange for the time you spend creating content for your viewers.
YouTube monetization through affiliate marketing on YouTube
Affiliate marketing basically involves you recommending products and services to your YouTube community and getting paid a commission by the producers/manufactures each time someone makes a purchase using your referral link.
With affiliated marketing, you can make money on YouTube by referring people to products that you have used and loved.
Following is a list of 4 popular affiliate marketing networks:
– Rakuten
– PeerFly
Once you sign up on the affiliates website e.g. Amazon, enter the URL of the various products mentioned on that particular YouTube video onto the video’s description.
When viewers or subscribers make a purchase by clicking on that referral link, the affiliate marketing agency pays you a small commission at no extra cost to the buyer.
Sell your own merchandise through YouTube’s Merch Shelf
YouTube’s merch shelf allows eligible channels to sell their official branded merchandise directly on YouTube.
The shelf appears will appear on your video page if your channel is eligible, but may not show on all video pages.
- Have at least 10,000 subscribers
- Be approved for monetization
- Your channel’s audience is not set as made for kids
- Be based in a country or region where the YouTube Partner Program is available
Check out this article to learn more about YouTube’s eligibility requirements and, if you’re eligible, how to turn on the merch shelf on your channel.
Sell products and services on YouTube
Apart from branded merchandise, you can also create and sell your own digital products such as e-books, online courses, coaching programs, speaking opportunities, etc.
Using use a tool such as like Clickfunnels, generate a landing page and leave a link in the videos’ description page for people to go to purchase and download your product.
Create promotional videos that highlights the benefits of your product or service and at the end of the video make sure to include a strong call to action to redirect them to the product’s sales page link and make a purchase.
Find brand collaborations and paid sponsorships that match your audience
One way to monetize your YouTube videos outside of YouTube adsense is through sponsorships and brand deals.
To find brands that match your channel’s values, use platforms such as Famebit.
The advantage of these platforms is that YouTube doesn’t take any cut of it like Google does for YouTube adsense.
The downside is that to join the Famebit marketplace, you need at least 5,000 followers on your channel.
Basically, to make money with brand deals or paid sponsorships you will need to pitch to them your creative ideas and if your proposal is accepted, you can deliver a product review, shoutout, etc. in exchange for payment in kind or cash payment.
Well, evidently, there are many ways to make money off of YouTube in 2020 and to monetize your videos on YouTube.
To maximize your revenue streams on YouTube, why not try all the options listed above and get a feel of how they perform and which one best matches your channel and your audience!
Let’s discuss in the comments below which ones you’ve tried and which ones worked best for you!
