YouTube is the fastest growing business and everyone wants to make money on YouTube but one thing is confirmed now, right now in 2019 Indian creators are not getting what they use to get in 2016 or 2015 because everyone is creating a YouTube channel and uploading anything and because of that YouTube changed the term and condition and now if you want to earn money on YouTube through Google Adsense then you must need to fulfill the YouTube terms and condition.
So, of course, we know that if you get millions of views or you have a huge audience then you can actually make pretty good money from YouTube. But what do you do if you have a small channel or you’re just starting out on YouTube, I’m going to be breaking down five practical ways to make money on YouTube, even if you have a small audience or channel, so let’s begin.
If you have a small audience and a small channel or you’re just starting out. Now, you may have heard some of these strategies before, but I believe that in this training you’re gonna learn some advanced tips and maybe some case studies. And some creative ideas that you’ve never thought of before. So let’s dive into the training right now to get these tips. But let’s get into strategy number two, which is revenue. You know, we talked about how to grow your audience. That first step is going to help you do that. This is gonna help you grow your income. And we want to specifically go through five ways to earn $500 plus with YouTube. Now you’ve heard maybe some of these before, maybe you haven’t, but we have some good case studies and illustrations and we’re going to be talking about YouTube ads. We’d be talking about affiliate marketing, brand deals, merchant products, and crowdfunding and give you some actionable stuff.
And so if you’re saying, you know, how do I make this sustainable? Because you know, we need money to fund the mission and you should never be ashamed of that, right? If you want to turn your creativity into a career, you have to figure out how to monetize. And one of the ways to do that is with YouTube ads. The problem is right now, and this is mostly in India so even international, this is typically a little bit lower, is that you get usually $2 per a thousand video views and that’s called a CPM. So if your goal was to get $500 on YouTube, you would need a quarter of million views. And if you wanted to get $500 a month, you would need to at least get at least that many views a month. Now, CPMs very, and there are lots of variables, but just give you some basic math.
You estimated earnings of anybody’s video, including other people’s videos other people’s channels. That’s not really super accurate because our CPM is more like $5 so this video is made between 400 $600 dollars. But the key strategy if you want to figure out how to build your income with YouTube ads is you just need a lot, a lot, a lot of views. And so that is actually why this is our least favorite way of making money on YouTube. We have to share it. It could be helpful, it could be a bonus, but we want to dive into just some better strategies. And so the second one is affiliate marketing. This is basically what affiliate marketing is.
You sign up for an affiliate program just like say Amazon associates, and then you can get a custom link that you put in your YouTube description and then when visitors click on that link, you can make money. It’s as simple as that. So if you recommend a beauty product or technology or a pet product or clothing, I mean anything’s, if there is something that exists in the world, there’s probably an affiliate program for it. There are links in the description to the affiliate marketing and here are some of his results.
Amazon actually just added a new one link feature so you can start monetizing multiple different countries through one link. There are a few other services that do this as well. And so this is a progression that’s really big in affiliate marketing right now. You know, because you have an international audience, especially on YouTube. And so look into one link if you’re already doing Amazon and look into expanding into basically smart links, which helps you. What it does is it decides what store, like people are coming from and then it just takes them to the crime correct store internationally. And it’s not just Amazon that’s doing this.
So let’s dive into number three as far as a practical way of generating a $500 a month. And one is crowdfunding. You’ve probably heard about this before, it’s like Patrion. And a great example of somebody who’s a part of our advanced training and the private group is Justin Co with that Christian vlogger.
And so he’s been building up his channel and he launched a Patrion and he has over 57 people supporting him. Now, this didn’t happen overnight. And I think that’s the key here to always lead with value. First, he built up his authority, built up, you know; trust the added tons of value to people. But then eventually he was able to surpass even that $500 mark as a base of just support. So that, you know, again, money could feel his mission, which is, you know, based on his faith and really changing people’s lives and making a difference in the world. And so crowdfunding is a great way.
Another way is the merchant products. And so I asked in our group recently, I said, hey, what are some of the products you guys have? In one part, it’s got a journal on Amazon. Um, uh, Justin has its own shirts that Christian blogger, right?
So he’s got his own t-shirts. [Inaudible] from the barbecue. He has his own barbecue rub. So you know, have you ever thought about creating a merge or products around your niece or your brand? Tim, uh, has oil paintings and he does custom oil paintings and watercolor paints for people on his channel and people who connect with him on YouTube. So this could be tee shirts, accessories, digital products, art, create creative stuff, music, selling songs on iTunes or anywhere coaching freelance services. So many different ways to do a merge and to do products. And one cool site for this is a merge.amazon.com and so there’s a lot of different ones, trees printing, but this is kind of hot new wine with Roy. You got to do is upload your artwork, set your price, they print it, they ship it, and you get the royalties. And so something simple like this to build your income.
And then the last one is brand deals. And this is like creating videos for companies and brands in exchange for the PR. And you know, one myth is that you have to have a huge audience for this stuff to happen. But here’s a great example from Heather, but she also is a new YouTube, pretty brand new. It’s not been doing YouTube for very long and she’s doing the homeschooling niche now a while ago because before she’s even where she was today, these results are from a while ago and just eight months. She grew 2,500 subscribers, 85,000 channel views and only 15 videos. So not bad, but to catch this, it’s not very big, right? Still kind of relatively small, a little bit of monthly income with YouTube and affiliate. But she got a brand deal with a homeschool curriculum company that first they comped the product that she and her family would have had to pay for anyway, right?
Because they do that every year. Expensive curriculum. So she gets $1,100 in free product plus $3,600 to do a brand deal reviewing that product and sharing it with their audience as they go through it. And then she also gets 10% affiliate commissions on top of, um, putting that out there simply because of doing and you know, a brand deal. And the question is, do big only big channels get this? And so the answer’s no, right? Forbes 82% of people are likely to follow a micro influencers recommendation which proves you don’t need to rely on huge mega influencers to advocate for your brand. So there’s like a revolution right now of micro-influencers which to define that simply it means like YouTubers with small channels or smaller Instagrammers. And here’s the power tip is you YouTube income stacking. What we always recommend is not that you do just one of these but that you stack them all.
So when you Stack YouTube ads, affiliate marketing, crowdfunding, your own merchant products, your own brand deals and actually many, many more income strategies like that, even little amounts in each category is how you could begin to transition faster to go part-time, you know, side income or even full time. have you tried any of these five income generating strategies or is there another strategy that you specifically like for building your income on YouTube?
Post those in the comments below and remember that some of the best tips and feedback come from you, the article WTEM community. So definitely connect with everybody in the comments section. So thanks so much for checking out this article. Until next time, WTEM is helping you build your influence, income, and impact with online articles. Keep crushing it.