Do People Make Money On YouTube? How Do They Do It?
Social media platforms just keep growing and growing don’t they? Since Google bought YouTube for 1.65bn, YouTube has become the second biggest search engine after Google.
That’s right, SEARCH ENGINE!
YouTube results now regularly appear in the Google search when you’re looking for something on Google and people will regularly go into YouTube to search for things just in the way they do on Google.
People don’t just use it to look up Cat videos or videos from their favourite band anymore… they literally use it to search for things like they would in Google now.
Where there is web traffic, there is money to be made. This also applied to YouTube.
With more and more platforms emerging and new ways for people to share and absorb content in different forms; it also presents people with more new ways to generate an income online.
YouTube particularly stands out as a popular site with interesting videos touching on different subjects that attract the interest of the public.
Boasting a viewership spread across 180 countries, YouTube has proven to be a viable avenue of making money online.
But it’s far from a get-rich-quick method.
Making money on YouTube takes considerable time and effort.
However, if you’re committed to it, there is no doubt that there is still money to be made. Some kids out there are making more than their parents before they’ve graduated high school.
Do YouTubers Really Make Money? They certainly do!
With many people still sceptical about this new money-making potential, the following article focuses on how to make money on YouTube.
When YouTube was launched, it suddenly became a launch pad to a new breed of internet celebrities.
With all the exposure and admiration from their peers, these YouTube stars not only gain fame; but also make a ton of cash from sponsored videos and advertising from big-time organizations.
Let us look at a few examples of successful YouTube channels to demonstrate how some people can make money on this platform.
1. Jake Paul
Jake Paul is a living testimony that being goofy and displaying your craziness to the world can actually be a lucrative venture.
This YouTube celebrity has gained over 15 million subscribers on his YouTube channel where he posts short comedy vids, vines, parodies, wacky adventures, action sports, and any other stuff that doesn’t need a brain to accomplish.
With daring videos that have earned him significant online infamy, Jake Paul commands a loyal fan base that tunes in daily to get their ribs cracked from watching the poster child of YouTube notoriety.
According to Forbes, Jake Paul is reported to have raked in a jaw-dropping 11.5 million dollars in 2017 from his YouTube account. That’s not some small change!
2. Ryan ToysReview
The best thing about YouTube is that you can still get paid, even if you can barely hold a sentence together.
This is because, Ryan is one of the youngest YouTube stars at only 5 years old! He turned his love for toys into a million dollar money generating stint.
With the help of his mom, Ryan cuts his family a cheque by posting videos of him opening and reviewing new toys.
From sliding down waterslides to riding tricycles, these everyday events in a child’s life are watched by hundreds of millions of both fellow kids and adults all over the world.
Ryan’s family channel made a whopping 11 million dollars in 2017, with monthly revenues of a million dollars in advertising alone.
If your mother can sacrifice her teaching job just to focus on your YouTube channel, this might just be the way to go!
This YouTube channel was created by Felix Kjellberg, an avid video game commentator from Sweden.
Felix has more than 65 million YouTube subscribers in his channel made up initially of gaming enthusiasts that helped him raise 12 million dollars in 2018.
His videos initially featured him playing a variety of video games while reacting to the way he’s playing at the top corner of the screen – but he branched out into creating various comedic blogs; often commenting on internet and media culture.
Felix’s YouTube channel has had advertising contracts with world-renowned corporations such as Disney.
Check out one of his videos below….
So, How Hard Is It?
Making money on YouTube is actually simpler than you may have thought. However, even though it’s not complicated, that does not mean it’s EASY.
You may have noticed that the YouTubers mentioned have really well-made videos.
However, not all YouTubers started out making slick and beautiful videos; this is something you can develop over time.
Plus, even if you don’t become an expert at creating great videos, there is certainly still some money to be made; (You may not be a YouTube superstar; but you can still make a little extra income and beyond…).
The more you work on your videos and improving them over time; the better you can become.
Too many people start a YouTube channel; thinking that it will be some quick path to wealth and fortune and that just isn’t the case.
You will need to take consistent action for many months before you start seeing good results.
So, if you want to do this, ideally start a channel on something that you actually have some interest in… as you will be doing this for the long haul!
While it may not be realistic to think about millions of dollars right now… you can open a stream of revenue with a strong base of subscribers and from there you can grow.
The more subscribers you get and the more they share your videos, the more cash you can make.
The following tips will help make you a YouTube star and maximise the financial potential of your YouTube channel….
YouTuber Newbie Tips:
If you want to get started, take some of these tips on board and this will help you make the most of it.
Choose a less competitive niche!
It almost goes without saying that you should start making videos with less competition.
When making your YouTube content, look for a subject that doesn’t feature many other videos then exploit it.
For instance, if you choose to review tech devices, chances are that your videos will have few viewers because this topic is flooded by similar videos.
Use the search term that you’ll be using in the video title and see what comes up in the top results – could you do better?
Look for a niche that has not been covered exhaustively and develop your content based on it.
Your videos will rank high in this category and, if you create good content, you will start growing a list of loyal subscribers.
Release your videos consistently and ensure that you release your YouTube videos on a frequent basis to guarantee subscribers have something new to view whenever they tune into your channel.
Some YouTubers claim to post a video every-single-day when they start out and, if you can manage it, this would be a good idea.
Once you start getting views and subscribers, there are various business models you can stack to maximize your revenue.
Start by focusing on creating as much high-quality video content as possible and release them regularly in your schedule.
Having a lot of videos will enable you to show up in various kinds of searches and increase your chances of viewership.
Ensure that you enable ads on the page and reference affiliate products in those videos.
Seek sponsorship too – many companies nowadays offer sponsorships to YouTube stars for direct advertisement on their channels.
A good example is Audible from Amazon which frequently sponsors shows that impart knowledge; such as Veritasium and Vsauce.
The advantage with this is that it allows you to directly get the sponsored amount; as opposed to splitting it with YouTube.
To find a sponsorship, you may be required to work on a detailed proposal on the different content you can bring to the table.
Ensure that you greatly understand your audience and use this to find the right brand to approach for a sponsorship.
Be creative, because reviewers are attracted to interesting content that will leave them craving more.
Make sure you employ a high level of creativity when making your videos to keep viewers entertained and interested.
The internet keeps on changing every day with new trends emerging just as fast. Explore these new trends while making your videos to gain extra revenue and remain relevant to your audience.
Be creative with the use of resources at your disposal and find fresh, witty, and even comical ideas for production that viewers may not see coming.
You need to have good content in order to gain subscribers – but initially, it’s partly a number game too. Because the more videos you have out there; the more likely your video is to be found.
It’s no wonder that YouTubers regularly challenge themselves to putting out videos daily.
Become a YouTube partner:
Becoming a YouTube partner expressly allows YouTube to post advertising in and around your videos.
The money that Google makes from these ad views are shared with a partner at a given percentage through a Google AdSense account.
Making money on YouTube is not rocket science! All you need is the right idea, plan, and execution to get you on your way to making some money.
Just don’t think you can millions overnight here…. this will be a work in progress for the long-haul!
This article was outsourced from Hirewriters – a platform where you can hire excellent and affordable writers; to write content for your blog or website.
A Note From The Website Owner:
If you’re interested in making money online in the long-term; YouTube isn’t the only option.
Check out these 40+ ways to make money online.
Even if you decide to go down the YouTube route, you should also have your own blog/website, (which is really simple to set up).
You’ll be able to put your YouTube videos on your site, with blog posts and this will further increase your exposure in the search engines; but also provide you with additional potential income opportunities.
To learn how to make money from a simple blog – check out this post.
Do you have any experience on YouTube? Let me know in the comments!
All the best,
Other posts that may interest you:
- How to make $100 a day online.
- 14 ways to make money from a WordPress blog.
- How to make money from a simple blog.