In this lesson I am going to show you how to make money from a youtube channel. Now for those of you who landed on this page directly, I need to tell you that this is the final page of my How to Set Up A Youtube Channel Guide. If you want to learn more tips about creating and developing a Youtube channel, click here. By now, you should have a well defined niche, have a couple of keywords planned on the niche that you like, know where to insert the keywords in the videos and have a few ideas for the next videos.
So, how to make money from a youtube channel?
This is the main way that Youtubers use to earn money. Basically, you can set up your channel to display adds on your video and earn money from it.
This method has been properly explained, with images, in the Part 2 of the Guide, more precisely at the step 4.
This is the easiest way to earn money. You just set up a Google Adwords account, connect it to your channel, upload plenty of videos and just way for people to watch them. There is no extra step for you to make.
Affiliate Marketing is one of the best ways to earn money on the internet. It is more complex than simply linking your Google Adsense account and uploading videos.
In order to put it simple, you need to sign up with an e-commerce website(such as Amazon), obtain a special link on any product you like and insert it in your video.
Let’s say that you’ve seen the most awesome lamp of table or read the most awesome reverse psychology book. Before making a video on it, first you have to sign up with Amazon, get accepted by them, browse for the specific product and get your unique link( this is not the link from the browser). Check this tutorial on Affiliate Marketing in order to see how to set up an amazon partnership and how to obtain the link of a product.
Okay, I got this, but how do I earn money from it? To put it very simply, you create a video around that product that you personally enjoy and leave the link in the description. If the audience likes your video and your opinion and decides to follow the link and purchase the product you will earn a commission( anywhere between 4 to 8% of total value of the product).
Yes, 8% of a $40 product sounds lame. You are right, but what if instead of having only one customer, you will have 1000? That means that you will earn $8000 from a single video which you made in less than an hour.
Selling your product
This is going to be a little more difficult than adding G Adsense or Affiliate Marketing. In order to sell your own product the first thing you need is to have a product.
Do you know all of those pranksters or other popular youtubers that have their own T-shirts or mugs or whatever? They all leave the link in the description such that you will be able to go through their link and purchase that product.
This is pretty difficult to be made at first. You will never see this to a youtube channel that has around 10k-50k subscribers. This is usually done by youtubers that have a channel of at least 100k subscribers and that have at least 100k-200k views per video.
It takes time to reach this level and I would advise you to invest all your earnings in improving your video quality(camera, costumes, equipment, special effects programs) and in promoting your channel on social media networks(Fb, Twitter, Instagram, Pinterest) until you reach this stage of development.
How much can someone earn from this? Let’s assume the worst case scenario: At 100k visitors, let’s say that 1% of viewers will click on the link. That’s 1000 visitors. Out of 1000 people, let’s say that 5% will buy the product. Assume a t-shirt is $20. That’s 50 customers that purchase a $20 t-shirt. That’s $1000 per video.
Assume that 5% of a 100k visitors enter the website. That means that you will have 5k visitors. Out of 5k visitors, 5% will buy your product. That means $5000 per video.
Let’s say that you publish at this point around 20 videos a month. In the first case that means $20,000 and in the second case that will mean $100,000 per month.
It is hard to get to this point, but it is worthy!
Driving audience to other Youtubers
Your channel will began to grow more and more. Once you will start to get visitors(30k-80k) companies and other Youtubers that are relevant to your niche will start to show interest in your channel.
They will start to offer you big money in order to promote them by placing their products in your videos or by making a video about your video. There is not an exact sum of money that they will give you. It all depends upon your negotiation skills.
Just keep in mind that if they contacted you first, they already decided that they you will bring them a great value. Therefore, feel free to add at least 50% more to their offer. If you have more companies asking you at the same time, ask all of them besides one to give you 200% of their initial offer. Most of the time they will withdraw, but if one decides it is okay then you’ll earn big money. Never ask all of the companies to give you 200% of their offer. Leave one with 30-50% just in case that all the other will withdraw.
That's all on How To Make Money From a Youtube Channel and on How To Set Up A Youtube Channel
Thanks for reading the whole guide! I hope that it helped you out!!
Just keep in mind that in order to hit success you will fail a lot of times. Don’t get discouraged by it. A famous person once said “I dare you to keep failing at something for a whole year to see if you get better“. Treat your youtube channel as a real business and you will earn big money from it!
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*For those of you who still have questions left, feel free to share them with me in the comment section below!