Owning a YouTube channel is one of the proven ways to make money online from anywhere in the world.
Before now, making money was all about uploading interesting content, driving traffic, and earning some dollars through AdSense.
But today a lot have changed because YouTubers and content creators have uncovered other ways of generating income from their content. This includes advertising for brands, Sponsorships, Affiliate Marketing, fan funding, and lots more.
So, Jump on this online money-making venture and enjoy exploring the numerous opportunities in it.
To get started you’ll need a
•A video editing skill,
•A laptop and
•A stable internet connection and finally your zeal to succeed.
On YouTube today, anybody can make money. You don’t have to be famous to get started. As long as you have something to offer to your audience then you are good to go. Though it is not easy, with consistency and hard work, It will definitely pay off.
What Is YouTube?
YouTube is a popular platform used by millions of people worldwide to share information, knowledge, entertainment, and ideas through videos. Many YouTubers have found success and earned a considerable amount of money by creating and publishing unique and quality content. In this article, we will discuss how to make money on YouTube and the various methods to monetize your channel.
How To Create A YouTube Channel
1. With your Gmail account Sign in to YouTube using a PC or Mobile Phone.
2. Scroll up and click on your profile picture, then create channel.
3. Create your Channel.
4. Check your details such as name and Profile picture with your Google account, then proceed to create channel.
You can access YouTube through any internet-enabled device. When you upload a video on YouTube, it becomes accessible through desktop, mobile, or tablet.
This give you the chance to boost your presence on YouTube. It also allows you to make money online through YouTube.
There is a popular slogan on YouTube that says you should “Broadcast yourself”
What this means is that you should market and put yourself out there. You can use this means to talk about things that can fetch you money, it could be a piece of knowledge or skill you’d like to share with your audience.
With all this being said let’s get down to how to make money on YouTube.
Ways To Make Money With Youtube Channel
1. Monetize Your Videos With Google AdSense
You can monetize your YouTube channel through Google monetization Program Called Google AdSense, once you meet their requirements. What this means is that Google AdSense is responsible for the payment since they place the ads on your channel.
First, you must have at least 1,000 subscribers on your channel, and your channel must have achieved a total of 4,000 watch hours in the last 12 months. You must also adhere to YouTube’s community guidelines and terms of service. These guidelines ensure that your content is suitable for advertisers and viewers.
How To Monetize A YouTube Channel With Google AdSense
The moment you have gotten the number of watch hours and subscribers required as criteria for monetization. The next step is to take is to begin the process of monetization.
To get started,
i. Click on the My Channel button found at the drop-down after clicking on your icon at the top right corner of the screen.
ii. After that proceed to click on YouTube Studio found at the bottom by the left-hand side of your screen, then click the Creator Studio Classic option.
iii. Now that you’re in the Creator Studio.
Click on the Channel icon > Status and Features.
iv. This is the Final stage, Click on the box that says Monetization and Enable it.
After doing this, your videos will be submitted for approval.
For you to earn the income generated from these ads, you need to link your Google AdSense account to your YouTube channel.
2. Promote Affiliate Products
Promoting Affiliate products is another way to make a lot of money on YouTube. This method is highly recommended for niche content creators, you can promote and give reviews on products in your niche.
For example, when you promote a product and someone uses your affiliate link to purchase a product, you earn a commission when that happens. This is why it’s advisable to talk about this in your description and in your video content.
I advise that you check out the 10 Best Paying Affiliate Marketing Programs In Nigeria which you can sign up with today and use for promoting on your YouTube content.
The truth is when you put affiliate links on your YouTube channel. You have to do this professionally, you don’t have to litter your YouTube channel with too many affiliate links to make money.
One thing to have in mind when dropping links the viewers will only click and initiate a transaction on your link if you have built a great reputation and your reviews are genuine.
In order to make your viewers or audience have trust in you, You need to create high-quality contents that help them solve their problems. It is also advisable that you make videos showing how you provided a solution for a problem, this will make your audience believe more in your contents.
3. Brand Sponsorship
Another lucrative way of making money from YouTube is through brand sponsorship, it is called influencer Marketing in digital marketing terms. As a content creator with reasonable engagement on your YouTube channel.
Big brands pay you money to promote their goods or services, For example, If a brand like Pepsi pays you to promote them, you bring visibility to their brand in return for the money paid.
What this means is that you can use your influence as a content creator to promote brands when they pay for it. For this to happen, you have to work hard on your content, upload high-quality videos that keep people glued to your channel. You’ll get gigs from big brands just like influencers on Facebook, Instagram Twitter, etc.
4.Sell Your Own Products
Another way to earn money from YouTube is through selling your own products. You can do this by finding out what your audience needs. This will give you the opportunity to make all the money coming into the channel and be in control of everything and and you can only achieve this by selling what your audience needs.
Let’s assume you run a YouTube channel that is all about fashion and you launch your own fashion line, you can sell your products directly through your channel and make lots money.
There are popular e-commerce platforms that makes it easy to sell your products like Amazon, Shopify, Jumia or Konga. They provide online presence for your products and services. You can make money here by linking your products to your videos. when an interested user clicks on it and makes a transaction you earn from it.
FAQs On Making Money On YouTube Channel
How do People Make Money on YouTube in Nigeria?
Recently, I learned that some people feel they can’t make money on YouTube without a website. This is not true.
The truth is that you can own both a blog and YouTube channel and make money from it at the same time.
Some people use their YouTube channel to generate traffic for their blogs. This shows that you can open and manage a YouTube channel and a blog. If you can do this it will help increase your earning power.
If you manage both platforms well, you can make a lot of money from it.
I’m not in any way trying to compare blogging and Vlogging here. But it’s important to know that you don’t need a website as criteria for your YouTube channel monetization.
All you need is high-quality videos with a purpose and you are on your way to becoming a YouTube star in Nigeria.
How Much Does YouTube Pay per 1000 Views?
Depending on the niche, Some YouTubers earn up to $20 per 1,000 ad views ranging from about $3 to $5 per 1,000 video views, this is because the YouTube average pay rate is between $0.01 and $0.03 for one ad view. Also, an average talented YouTuber can earn $5 per 1000 ad views.
Is YouTube Monetization Available in Nigeria?
YouTube is currently available in Nigeria and many African countries.
Does YouTube Pay Monthly?
Once you earn up to $100 which is the payment threshold for YouTube, you’ll get your payment every 21st of the month. To make this amount easily, just be consistent and upload high-quality videos.
Highest Paid YouTubers In Nigeria and Their Net worth
1. Mark Angel Comedy ($1.8 Million Net worth)
2. Broda Shaggi ($700,000 Net worth)
3. Toke Makiwa ($390,00 Net worth)
4. Kassim Bramah ($380,000 Net worth)
5. Taaooma Cabin ($380,000 Net worth)
6. Eric Okafor ($350,000 Net worth)
7. Mr Macaroni ($340,000 Net worth)
8. Adeola Fayehun ($210,000 Net worth)
9. Denilson Igwe ($200,000 Net worth)
10. Osagie Alonge ($160,000 Net worth)
11. Tayo Aina ($90,000 Net worth)
12. Yemisi Odunsanya ($60,000 Net worth)
13. Adanna Ohakim ($55,000 Net worth)
14. Chidinma Umeh ($48,000 Net worth)
Now that you have read what it takes to make money on YouTube, one thing you should bear in mind is that, it doesn’t happen overnight.
Making money on YouTube requires hard work, dedication, and patience. You need to create unique and quality content, build your audience, enable monetization, follow community guidelines, and promote your channel to succeed on the platform. But with consistency and effort, you can turn your passion for creating videos into a lucrative career.