Everybody knows if you have a huge audiance, you could make pretty good money on Youtube, but what if you have a small channel and you’re just starting out. I will break down here five ways to build income even if you have small audiance & also share some advanced tips. You may already have heard some of these ideas before but here you’ll be getting some advanced tips as well.
5 Ways To Earn $500 With Youtube.
Youtube Ads
Ofcourse you want to monetize your youtube stuff, and one of the ways is through Youtube Ads. To activate these, you first go to your Youtube channel, drop down the menu from the left hand side of the page and click on channel, several options will be displayed before you, Monetization will be the first one on top, click on Monetization settings and you’ll have to go through few steps. You’ll have to mention your country. Once you enable the monetization, you’re done.
In US it’s usually $2 Per 1000 Views (CPM) and internationally it’s a bit lower. So if you have the goal of attaining $500, you’ll have to get 250,000 views per month. The key strategy for earning money this way is to get alot of views.
So this is the least favorite way to earn money on Youtube, had to share it because it’s good as side money and it is helpful.
Affiliate Marketing
One of lesser known and very well paid Youtube earning method is affiliate marketing. All you need for that is having your Youtube channel and you don’t even have to monetize it. You just share the link of the website that you’re doing affiliate marketing for below your channel’s video.
For example, you decide to do affiliate marketing for Amazon.com as it’s the world’s largest selling online store. First you visit Amazon and create your account there and affiliate with them. Then you select any product you want to do the marketing for. Select the url link of the product and copy paste it below your youtube video in the text area.
When a visitor clicks open that particular link and explores the Amazon store and buy any product, half of the profit of that product will be paid to you by Amazon.
Similarly you can do this for any online store that’s offering you the opportunity to do affiliate marketing for them.Visit https://www.clickbank.com/, you’ll be taken to it’s front page where the featured products are given. On the left side of that page are given several categories. Select the category related to your youtube channel, select any software/product you want to do the marketing for,shorten it’s url in google and post it below your video in the text area. It works in the same way as Amazon, you get paid from the profit of the product. For all that, you’ll have to create your account on clickbank. Other great stores you can earn through affiliate marketing from, are Ebay, Alibaba. All you have to keep in mind is that you have to shae the product’s link in the text area below your Youtube video. You can even share anyone else’ video and post the link but you should NOT monetize that video because it’s not yours. If you monetize another channel’s video your youtube channel will be banned so be carefull with the copyrights law.
Crowdfunding
Crowdfunding is the pratice of funding a poject or venture by raising many small amounts of money from a large number of people, typically via internet. The key strategy is to always lead with value first.
One of the examples is earning through pateon.com. Many YouTube creators, podcasters, and other online creators are earning a full-time income from their patrons on Patreon. How you setup your Patreon page can make a big difference in how quickly your Patreon page grows and supports you and the content you’re creating for them. Creators receive millions of dollars each month in support from their patrons. You’ll create your account by choosing to become creator on this website because you want to create or promote stuff. You can also observe how much others are earning and learn.
Merch Products:
There are websites that only require you to design the products . Simply upload your artwork, choose a product type and color, set your price, and add a product description. They’ll create a product page on their website and when customers buy your product, they’ll handle production, shipping, and customer service — all with no cost. Such websites are merch.amazon.com, teespring.com,etc. So you connect with viewers through your Youtube Videos promoting your art/design and sell them through teespring or Amazon.You can design:
T-shirts
Mobile Covers
Towels
Canvass
Pillows
Socks
You can also do creative work like oil paint images/pictures for buyers. All you have to do is design, when the product is sold a pre-set amount of commission will be yours to take.
#5 Brand Deals:
It includes creating videos for companies and brands in exchange for free products and/or money. You could get both free products and money from the company as reward or any one of them. Depends on how the two of you decide to proceed.
For this to happen, you have to have a large audiance first. But also, the research shows 82% of people are likely to follow a micro-influencer’s recommendation, which proves you don’t need to rely on huge mega-influencers to advocate for your brand. So it isn’t mandatory to have a very large audiance, you could get some company to do their promotion work for you with a decent enough audiance. And ofcourse, you should be good at making videos in order to promote their products in a better way.
