Everybody wants to become a YouTube celebrity these days. Video-makers from different background yearn to become wealthy and famous by just uploading videos on YouTube.
But there is a huge difference between what you wish and the ground reality. Is it really possible to make enough money from YouTube?
Well! To find answers, you need to read the following article. Can you become rich from YouTube?
There are at least 10 different methods to make money from YouTube, but the Partner Program is one of the biggest methods to make money.
So first we will describe YouTube Partner program in great details, and then we will talk about different ways to make money from YouTube.
The first and foremost way to make money with YouTube is joining their partner program. We will talk about this in great details in the next section. Here, I just want to say after joining their program Google pays you by some views your videos get.
As you saw in the last paragraph that there are 10 different ways to make money with YouTube. However, only the first one in the list matters and the rest of the 9 depends on them. The income from the YouTube Partner program is the real one, and the revenue from the rest of the 9 is just a supplement.
Two types of ads show on your video:
- Banner Ads: - Static banner ads can be seen just below the videos.
- Roll-out Ads:- 10 seconds to 40 seconds long commercial that you see before starting a video.
CPM (Cost Per Impression) will depend upon the quality and niche of your videos. Some YouTubers even earn $10 per thousand views for Roll out ads depending upon how good content they create. Try to increase your CPM for both banner and roll out ads.
Top 10 YouTube Earners in the World
If you want to get some inspirations then here are top 10 YouTubers in the world.
Earnings mentioned in the list are of Dec 2016.
- PewDiePie: Felix Arvid Ulf Kjellberg is the creator of the most famous YouTube channel named PewDiePie. His channel PewDiePie is number one in our list with $15 Million yearly income and has over 50 million subscribers. PewDiePie is the first person to reach the mark of 10 billion views for all his videos. He is an inspiration for every YouTuber.
- SMOSH: SMOSH is a joint venture between Ian Andrew Hecox and Daniel Anthony Padilla. They earn over $7 million annually but surprisingly has more subscribers than Roman Atwood and Lily Singh both, over 23 million. The income has to be divided in two.
- Rhett and Link: Rhett James McLaughlin and Charles Lincoln Link also make $5 million with 11 million subscribers. They make people laugh by doing different kinds of show. So the earning of YouTubers mentioned above is going to inspire you.
Here are 9 other methods for making money from YouTube. I have given income potential of each of this method at the end.
After AdSense, affiliate marketing is my favorite methods to make money online, and YouTube is a great platform for any marketer to promote affiliate products. If you are creating videos where you can use some affiliate product related to your video, then you can earn a significant income from this.
3. Direct Sponsorship and Brand Deals
YouTubers with lots of following and trusted viewership can start sponsoring products on behalf of other companies. You can leverage the power of your brand and become a brand ambassador for a particular product or merchandise.
4. Selling Physical Products and Merchandise
You can sell your products and merchandise like T-Shirts, Cups, and Stationery, etc. Most of the famous YouTubers sell T-Shirts by setting up an eCommerce storefront using Shopify. You can check this post on Neil Patel on how to market your e-commerce store on YouTube.
5. Selling Digital Products
If you can't sell physical products, then you can afford to sell digital products like eBooks, software downloads and podcasts. Digital products are easier to create and sell than physical products.
6. Subscriptions and Memberships for Premium Content
You can only sell subscriptions and premium memberships if your content is great and people just crave for your videos. Just ask them to join premium membership for a monthly/yearly fee for accessing more content.
7. Licensing Your Content
You can license your cute baby or animal videos to other companies who want to use these videos in their commercials and other promotional campaigns. They will pay you a fee for using your videos.
8. Consultancy and Services
You can consult other video creators and small businesses on how to create videos with great content. You get paid by them if you consult for just an hour.
9. Paid Speaking Gigs/Live Speaking Engagements
After all these years, you become famous and then you can look for speaking opportunities in not just your country but around the world. You speak at events, parties, seminars, workshop, academies, etc.
You can create a page at Patreon.com and earn some extra cash. So these were not one, but 10 different ways to make money from YouTube.
Total Earning from 10 Different Ways
Now we will be able to answer how much you can make with YouTube. If you are getting 500,000 views for a video, then you can easily make up to $500 or $4000 depending upon the ads showing on your videos. This is income from YouTube Partner Program for just one video.
Let us add income from other 9 streams:
- Affiliate Program - $100 - $800
- Selling Merchandise - $50 - $200
- Selling Digital Products - $25 - $100
- Direct Sponsorship - $200 - $300 (Not for Everyone)
- Premium Content - $100 - $400
- Consultancy - $300 - $500
- Paid Speaking Gigs - $500 - $1000 (Not for Everyone)
- Patreon - $50 - $200
These earning are tentative, and I am assuming that the CPM is $5 to $8.
If your CPM is less than $5 or $8, then you can expect to make $3000 to $15000 in a month. However, a new YouTuber on an average makes only $200 to $500 a month.
I think after reading this paragraph, it will be clear how much money you can make with YouTube videos.