Before knowing the top 5 different ways to make money from YouTube, here are a few intriguing facts about YouTube, the world’s most popular video-sharing website.
On average, over 300 hours of video are uploaded to YouTube every minute, with over a billion viewers watching a billion hours of video each day.
Alexa Internet ranked YouTube as the second most popular website.
Six out of ten consumers would rather watch YouTube and other online video platforms than watch live television.
YouTube is also the second most popular search engine in the world (behind Google) and the third most viewed website on the internet.
Related Article : How To Make Money From YouTube Tips To Grow Faster.
Different ways to make money from YouTube
Thankfully, YouTube’s revenue potential isn’t limited to its CPM (Cost per Thousand Impression).
In reality, there are five proven strategies for earning money from YouTube, each of which can help you earn a considerable amount of extra money in addition to the money you receive from the advertising.
1. Affiliate Marketing
Big marketing firms are more than eager to spend a lot of money to YouTube channels that already have a following. This can be accomplished by including a link to one of their items in the description of your video.
You’ll get a substantial cut for every conversion it generates, which normally runs from INR 100 to 1,000. As a result, affiliate marketing is one of the simplest and most effective ways to profit from YouTube. I recommend to start your affiliate marketing from Amazon Associates, It is easy to setup and most recommended affiliates network across the globe of this times.
2. Paid Videos
Another wonderful strategy to generate money from YouTube is to put a price tag on the video itself and give important information with your audience. You’ll be able to retain whatever you earn from each video you sell this way.
3. Direct Promotion
In this situation, the ad agency charges you a set amount to begin a relationship with your channel.
You must offer a description of their items (in your videos) in exchange for a specific fee, which can range from INR 5,000 to INR 50,000, depending on your channel’s reach.
There are numerous non-profit websites (such as Wikipedia) that provide free information. They do, however, require funds to keep their websites operational. The audience provides this in the form of donations.
You can use a similar strategy to raise funds. It has previously paid off handsomely for some and is currently one of the most effective ways to profit from YouTube.
5. Licensing Content
Do you have a video that has recently gone viral? You may make money by licencing your YouTube material to other businesses. Mainstream media organisations are constantly on the lookout for viral/trending videos to post on their different platforms.
Note – As we have discussed some of the popular different ways to generate money other than Google AdSense. I recommend you to not focus on these things if you are beginner and has less then 1k subscriber. As these sources only helps you to generate more revenue, when you have a potential on your quality and regularity in your work. Which is the watch hours and subscribers of your channel.
If you are new in this field and want to become popular like other rich youtubers and have a great potential towards your work then no failures can get you back. Start today and keep doing until you get satisfied with your work as this will take your time to make your time that you deserve. As beginner you should know the useful tips to grow faster in YouTube.