You must have heard before that you can make money online. It’s true, but how do you make money online? There are several ways, and to make money online on YouTube is one of the ways. As technology is advancing, digitally, online income has grown vastly in this era. I’m confident to mention it, there are so many people in Uganda and worldwide who primarily earn from internet sources.
The good news about you starting to make money online on YouTube is that you need no qualifications, or approval from anybody or paying as we see is the case with being employees these days. These are free ways to make money online on YouTube. The only thing you need is your phone and maybe daily data bundles. MTN Gaga time can save you a lot.
Let’s break down this guide into vital things you should know if you plan to make money online on YouTube this year.
Getting started to make money online on YouTube
First things first, if you want to make money online on YouTube, then opening up a YouTube channel is a mandatory requirement for you. Perhaps, you cannot earn from YouTube unless you already have a YouTube channel. Below are the steps you must follow to open up a YouTube channel for yourself.
Know your niche.
Before you attempt to open up a YouTube channel, it is vital to know which field or category your channel is. Is it a sports channel, Fashion, makeup artists, is it all about technology, is it a movie channel or comedy?
Knowing your niche before you start up will enable you to plan adequately, learning about your audience, and how to promote your channel in case it is up. You got this, I say it again, know your niche.
Are there already selling channels in your niche? You need to know. How are they prospering? Which things have they put in place already, what are they lacking that your channel should satisfy? This is a market and expects every kind of competition. Prepare early, make your research, and know where to start from.
Set up a YouTube channel
Once you acquire the important research, the name of your channel, and the email address, you are good to go. Setting up a YouTube channel is very chap. You can either use the web or a YouTube application to set up your channel.
Once you are done, you will be promoted to verify your YouTube channel using your email address and phone number. This is also vital because, before you start to make money online on YouTube, you need to prove this is your account.
Requirements to start earning with YouTube
Opening up a channel and verifying it however is not the end of everything. LOL, you have just started the battle, let’s say, you have gone 0.1% or 1% of the journey. I’m not scaring you but you got to have a big heart to try this out. Anyway, nothing to lose, go out and try it out. Below are the things you need to put in place in order to monetize your channel.
Number of views
In order to get paid by YouTube, you need to reach a balance of $100 or more from views. This means you’ll need to garner 20,000 views if you receive $5 per 1,000 views. To make this happen, YouTube created the YouTube Partner Program, which allows you to get paid through advertisements on your page.
YouTube requires that you reach a minimum of 1,000 subscribers in order to monetize your channel. It’s not an easy thing to do, but time and patience matter. You also need to upload unique and quality videos that urge your audience to come back another time for more. Quality is unique, don’t forget this.
Hours of watch
Lastly, YouTube recently introduces a new requirement that you must hit. This previously wasn’t in play for any channel that opened up earlier but all new channels must adhere. Before starting to monetize your channel, you need 4,000 hours of watch within the last 12 months.
What does this mean?
You need to upload as many long and quality videos, an hour and longer in order to hit this requirement easily. Again, you need to do some extensive promotion for your YouTube channel. Open up a YouTube blog with Bluehost and get dome with these requirements.
Other ways to make money online on YouTube
- Become a YouTube Partner and earn money from ads.
- Sell products or merchandise.
- Crowd fund your next creative project.
- Let your audience support your work through “fan funding.”
- License your content to the media.
- Work with brands as an influencer or affiliate.
Top YouTube big earners
- Ryan’s World, $22 million (22.4 million subscribers)
- Jake Paul, $21.5 million (19.7 million subscribers)
- Dude Perfect, $20 million (47.1 million subscribers)
- DanTDM, $18.5 million (22.3 million subscribers)
- Jeffree Star, $18 million (16.5 million subscribers)
- Markiplier, $17.5 million (24.5 million subscribers)
- VanossGaming, $17 million (24.9 million subscribers)
- Jacksepticeye, $16 million (23 million subscribers
- PewDiePie, $15.5 million (102 million subscribers)
- Logan Paul, $14.5 million (19.9 million subscribers)