How to Earn Money from YouTube in 2024? (10+ Best Monetization Ways)

Unable to make money consistently from your YouTube channel in 2043? Searching for the best monetization ways for your YouTube channel?

I understand that this must be very irritating, as you must have planned to earn money consistently from your YouTube channel in the short and long term.

The competition is increasing on YouTube. Many YouTubers have stopped making videos consistently as they are not satisfied with what they earn from their channel.

I’ll solve your problem by making you know the best ways/methods to monetize your YouTube channel.

I’ll also let you know the best tips to increase your earnings and ensure that you earn consistently from your YouTube channel.

Don’t miss out on going through this blog post, as I’m focusing on ways and tips to earn money consistently from YouTube.

Another option is to learn digital marketing, as you’ll find many opportunities to earn online in different ways.

I hope you’ll like this information from my end. Share this post with your friends who want to increase their YouTube earnings.

Why Start Your YouTube channel to Make Money Online?

Before I get started, I want to tell you some of the best reasons to start your YouTube channel to make money online.

• YouTube videos are in trend.
• People like to subscribe to YouTube channels and go through new content regularly.
• Popular YouTubers are earning millions per annum.
• Earning money from your YouTube channel can make you rich in the future.
• The scope of earning money on YouTube has kept increasing over the years, and people prefer to own a YouTube channel over a blog.
• Visual content is more appealing than written content.
• You can quickly promote your YouTube videos on all your social media channels and get more shares than you get for your written articles and blog posts.
• You may get a tremendous response from your friends and relatives for your YouTube channel. Some of your YouTube videos may go viral if they consistently share your content.

Best Monetization Ways for YouTubers

Monetization is one of the most crucial topics for most YouTubers.

You may feel demotivated if you fail to monetize your YouTube channel after 3 to 6 months.

Let me tell you some of the best monetization ways to earn money from your YouTube channel so that y never fail to monetize your channel.

YouTube Partner Program

Google ads are still one of the best ways to make money from a YouTube channel.

You don’t need to join the YouTuber Partner program to make money from Google ads. Having a Google ads account has been enough, but entirely possible that the rules may have changed or changed in the future.

You can enroll in the YouTube Partner Program to earn from Google ads and make money in other ways like channel memberships, YouTube premium revenue, Super chat payments, selling YouTube merchandise, etc.

YouTube Premium allows users to watch content on YouTube without ads.

The minimum requirements to enroll yourself in the YouTube Partner Program are as follows:

• 1000 subscribers.
• 4000 watch hours in the previous 12 months.

YouTube might have changed the terms and conditions for Google Ads usage and enrollment for the YouTube Partner Program in your country.

You may need to visit the particular page on YouTube to check the complete information.

If I find changes for India, the USA, or any other country, I’ll try to update this post so that you don’t fail to participate in the YouTube Partner program.

Affiliate Marketing

If you’re reviewing products or services on your channel, then affiliate marketing can become one of the best ways to make money continuously.

You need to find the best products and services per your niche to provide the affiliate link in the description section of your video.

You can use affiliate marketing even if you run a news channel. You can make your subscribers know about the new product and provide the affiliate link in the description section.

When you choose affiliate marketing to make money from your YouTube videos, you definitely get over your dependency on making money from Google Ads.

Sponsored Ads, Influencer Marketing or Brand Ambassadorship

You must have seen sponsor ads on many YouTube videos.

YouTubers who get a lot of views and comments are often approached by brands and agencies.

They are paid for sponsored ads as per the number of subscribers on their channel, interaction on their channel, etc.

Influencer marketing and brand ambassadorship are some of the best ways to make money consistently.

You can receive free products, and then review them on your channel.

Amazon Influencer program is beneficial for many YouTubers.

You can become a brand ambassador for a trendy brand related to clothing, car, etc.

An association with a big brand will allow you to earn a conderable amoun and increase your popularity.

Sell Your Own Products or Merchandise

Selling merchandise has become a meaningful way to earn additional income as a YouTuber.

It also allows you to promote your channel by selling your own merchandise.

You can promote your YouTube channel by having your channel name printed on your merchandise.

Many YouTubers sell t-shirts, bags, tea and coffee cups, caps, etc.

If people like your merchandise, your merchandise may help you develop one more brand in the future.

Sell your Courses to Earn Consistently

If you can sell your digital marketing course, you can earn a lot of money using your channel as an advertising source.  YouTubers who have a lot of knowledge of relationships have become relationship coaches.

You can earn money immediately if people love enrolling in your course or coaching program.

A person who sells a course or becomes a coach must possess complete knowledge of subject.

Fan Funding

The best advantage of owning a YouTube channel is that it has many loyal subscribers.

Subscribers who’re your fans may succeed more and publish more content regularly.

Suppose you’re looking forward to having more individuals in your content creation team, hiring actors, buying the latest camera or other equipment, etc. In that case, you can go for the fan funding concept.

You can ask your fans to help you by contributing the minimum.

This may work if your fans understand that you don’t have the money to take your YouTube channels to the next level.

Other crowdfunding concepts, too, can be helpful if you want funds to make the most of your YouTube channel in the future.

License Your Content to the Media

Many media channels will want to license your content if your content has become valuable or specific videos have gone viral.

You can make a lot of money by licensing your content to the media.

Licensing content to the media will also increase your popularity as a Youtuber.

Become a Video Editor for Other YouTubers

Ever thought of using your YouTube channel as a portfolio for your video editing services?

Yes, this can be a good option for you.

You can offer your high-quality video editing services to other YouTubers, companies, brands, etc.

You can promote your video editing services through branding, cold outreach, and building a website to attract people to opt for your video editing services.

This can be the best method to use your YouTube channel for additional income.

If you can make people believe you’re a good video editor, you’ll keep getting more clients for your video editing services.

Live Performance on YouTube

Live performance on YouTube is going to be one of the best options for you if you have a good number of subscribers on YouTube.

Whether you can monetize your YouTube channel by going live depends on your niche and if you have already built a personal brand.

In the future, coaches and consultants may make a maximum amount of money by going live on YouTube.

Best Tips to Increase Your YouTube Earnings

Here are some tips to increase your income from your YouTube channel.

Focus on YouTube SEO

Many YouTubers still don’t give much importance to YouTube SEO.

As the competition increases, the value of YouTube SEO has kept growing.

Similar to SEO for blogs, YouTube SEO also works similarly. But you also need to know the critical factors that may make you rank higher on YouTube.

You must give maximum importance to the title, description, tags, content, social media sharing, etc.

Some of the most crucial YouTube SEO ranking factors are as follows:

• The number of comments on your YouTube videos.
• Likes and dislikes ratio.
• The ratio of subscribers you gain after they watch your video.
• Length of your videos.
• Frequency.
• The number of subscribers.
• Quality of your videos.
• Age of your channel.
• Keywords in the comment section.

Collaborate with Other YouTubers

Collaborating with other YouTubers can be one of the best ways to increase your popularity instantly.

You can also have the presence of other YouTubers on your channel, as the audience will get glued to your content.

In this way, you get a chance to reach a wider audience.

Many YouTubers have got a lot of success because they collaborated with other YouTubers to increase their reach on YouTube.

Launch a Genuine Giveaway

Who doesn’t like a free giveaway?

I believe each and every person wants to get something for free.

Giveaways are viral on YouTube.

You need to ensure that the product you’re giving away is related to your niche to get a wider reach.

Make sure to use an excellent method to select the winner; otherwise, your subscribers will be disappointed.

Be Unique to Build Your Personal Brand on YouTube

The number of YouTubers is increasing daily.

Unless you’re unique and your content is valuable, it may be hard to succeed on YouTube.

Even those YouTubers in the tech and food niche try their best to be unique to build their own personal brand.

I believe personal branding is crucial to success as YouTubers will keep increasing.

Drive Traffic from Short Video Platforms

Instagram Reels, Tiktok, and other short video platforms are very popular worldwide.

Tiktok is banned in India, but it is still available in other countries.

You can promote your YouTube videos on stories by sending messages, and many other methods.

By being more active on short video Apps, you could make more money from YouTube.

I believe having a traffic source and building a brand on short video platforms will help you to get the maximum interaction.

If you’re starting your new journey as a new YouTuber, you should use this tip as a beginner to earn enough money from YouTube as soon as possible.

Be Persistent to Gain Popularity

Consistency matters a lot, even on YouTube.

Your videos will rank higher, and you’ll gain more popularity if you stay consistent on YouTube.

People keep waiting for new content from their favorite creators. You need to ensure sure you don’t disappoint your subscribers.

Questions Related to Earning Money from a YouTube Channel

1. How many subscribers and views are required to join the YouTube Partner Program?

1000 subscribers and 4000 watch hours in the last 12 months. I’ve already mentioned the benefits and complete details of the YouTube Partner program above.

2. Is there any fixed earning that one will earn from 1 million views?

There is no fixed earning available on YouTube. The money you make depends on several factors, including ad viewing, length of your videos, source of your audience, niche of the video, etc.

3. How much money are the most popular YouTubers earning from their YouTube channel?

One of India’s most famous tech YouTubers is Technical Guruji (Gaurav Chaudhary). He is one of the highest-earning YouTubers in India.

Some of the highest-earning YouTubers worldwide are Ryan Kaji, Anastasia Radzinskaya, Preston, PewDiePie, etc.

Ryan Kaji has made $25 million annually, which is definitely a considerable amount.

4. How many months it will start to earn the first income from YouTube?

It all depends on the quality of your content and the number of videos you make.

5. Can I make money on YouTube without 1000 subscribers?

Yes, you may get sponsored ads and other opportunities even when there are fewer subscribers. If you’re getting a good number of likes and comments, then brands may give you a chance, even if you’re new on YouTube.

6. Can your YouTube channel become your career?

Yes, many Indian and International YouTubers are earning a decent income. The most popular YouTubers are making millions. Even some of the YouTubers who are not very popular earn a decent amount of money which is more than what they were getting.

7. Will your earnings reduce if your subscribers skip the ads?

If most subscribers and other viewers skip ads, your earnings may definitely reduce. Ensure you keep your viewers glued to your content to watch it a few times.

8. How many views are required on YouTube to reach $500 or $1000?

You may make $1 to $5 per 1000 video views. It will also depend on the topics you choose and some other factors. You can count the views yourself. I’ll always advise you to focus on content, as you’ll earn money in the long term. The relevancy of ads and the ad-watching tendency play a crucial role.

Conclusion – Start a YouTube Channel to Make the Most of Your Skills

If you think you’re good in front of the camera and have a lot of knowledge about some niche, you should start your YouTube channel immediately.

You can rely entirely on YouTube to earn money online consistently if you’re the best in front of the camera.

Let me know your favorite monetization ways which are helping you to increase your YouTube earnings in 2024.