30 Best Ways to Monetize YouTube Channels

YouTube is one of the second largest search engines in the world after Google. It’s becoming more popular daily because more useful content and daily news are updated on YouTube every minute.

According to a statistic, 720,000 hours of video are being uploaded per day on YouTube. This means it would take more than 82 years to watch. This is incredible, right?

How Can Beginners Become Experts?

However, in 2021 New starters also get monetized. We all have a question. How It’s Possible? Yes, it becomes possible when you follow some unique strategy and tactics.

Just uploading the video and giving it a title does not matter. This can be done by everyone and those people can’t achieve their goals. But to get success, we need huge viewers and followers, this is the most important thing to monetizing YouTube.

What did YouTube Need from You?

Nowadays, search engines have become very smart. It needs content with valuable messages for viewers. Most importantly, it needs quality and continuous content providers for a long journey.

“Teachers can be found but not masters.” But here, you can also be a master by following the points below.

How to monetize YouTube channel for an advertisement:

  1. Have at least 1,000 subscribers and have at least 4,000 watch hours in the past 12 months.
  2. Google AdSense is a program that allows you to earn money by displaying ads on your videos. To set up an AdSense account, you must have a valid Gmail account and a bank account to receive payments.
  3. Once you’ve met the eligibility requirements and set up an AdSense account, you can enable monetization on your videos by going to your YouTube Studio dashboard.
  4. YouTube offers several types of ads, including display ads, overlay ads, sponsored cards, and skippable and non-skippable video ads. You can choose which types of ads to display on your videos and where to place them.
  5. To avoid losing your monetization privileges, it’s essential to follow YouTube’s monetization policies, which include guidelines on content and behavior. Violating these policies can result in demonetization, strikes, or account termination.
  6. YouTube provides detailed analytics on your channel’s performance, including views, watch time, revenue, and engagement metrics. You can maximize your revenue potential by tracking your earnings and optimizing your content and ad placement.

Hence monetizing your YouTube channel takes time, effort, and dedication, but it can be rewarding to earn income from your passion and creativity.

List of 30 best ways to monetize your YouTube channel:

#1 Advertising revenue

Worldwide advertising revenues of YouTube
Source: statista

Advertising revenue is one of the primary ways that YouTube channels can earn money. This revenue comes from ads that are displayed on a creator’s videos, which are served through the YouTube Partner Program. When a viewer watches an ad on a video, the creator earns a portion of the ad revenue.

To be eligible for the YouTube Partner Program, creators must have at least 1,000 subscribers and 4,000 hours of watch time on their channel over the past 12 months. Once a creator meets these requirements, they can apply for monetization and earn revenue from ads once it is approved.

Several different types of ads can appear on a video, including pre-roll ads (which play before the video), mid-roll ads (which play during the video), and post-roll ads (which play after the video). The amount of revenue earned from each ad will vary based on factors like the type of ad, length, and the viewer’s location.

Creators can earn revenue from advertising in a few different ways. They can earn a portion of the ad revenue based on the number of views their video receives, the number of clicks on the ad, or the number of impressions (how many times the ad is displayed). The exact amount of revenue earned will depend on various factors, including the advertiser’s budget, the bidding system, and YouTube’s revenue share.

It’s worth noting that earning significant revenue from advertising alone can be challenging, especially for smaller channels. Creators should focus on creating high-quality content and building a loyal fan base to increase their views and watch time, which can help increase their ad revenue over time. Additionally, creators should consider other monetization methods to diversify their income streams and reduce their reliance on advertising revenue.

#2 Sponsorships:

paid product placements, sponsorships & endorsements - Monetize youtube channel
Source: Google

Sponsorships are another popular way for YouTubers to earn money. A sponsorship is when a brand pays a creator to promote their products or services in their videos. Typically, the creator will create a dedicated video or segment that showcases the product and its features, benefits, and use cases.

Sponsorships can be a lucrative way for creators to earn money, as brands are often willing to pay for access to the creator’s audience. The amount of money earned from a sponsorship will vary depending on various factors, such as the size of the creator’s audience, the type of product being promoted, and the scope of the sponsorship deal.

To secure sponsorships, creators typically need to have a significant following and a loyal fan base that aligns with the sponsor’s target audience. Brands will often approach creators directly with sponsorship opportunities, or creators can seek out sponsorships on their own by reaching out to brands or using influencer marketing platforms.

It’s important for creators to disclose any sponsored content and ensure that their promotion of the sponsor’s products is authentic and aligned with their brand. Additionally, creators should only promote products or services that they genuinely believe in and that align with their values and interests. Building and maintaining trust with their audience is critical to the success of any sponsorship deal.

In addition to dedicated sponsorship videos, creators can also work with brands on integrated marketing campaigns that include product placement, brand mentions, or other forms of brand promotion within their videos. These types of deals may be less lucrative than dedicated sponsorships, but can be an effective way to monetize a channel while maintaining authenticity and transparency with their audience.

#3 Merchandise sales:

Merchandise sales are a popular way for YouTubers to monetize their channel and connect with their fans. Merchandise typically includes branded products such as t-shirts, hats, mugs, posters, and other items that feature the creator’s logo, catchphrase, or design.

To sell merchandise, creators can use a variety of platforms, such as third-party e-commerce sites or their own website. Many creators also use services like Teespring, Spreadshirt, or Redbubble, which allow them to easily create and sell custom merchandise with no upfront costs or inventory required.

Selling merchandise can be a profitable way for creators to monetize their channel, as they can earn a percentage of the sale price for each item sold. However, it’s important to note that the process of designing, creating, and promoting merchandise can be time-consuming and requires an investment of time and resources.

To be successful at selling merchandise, creators need to have a strong brand and a loyal fan base that is willing to purchase their products. It’s also important to offer high-quality products at a reasonable price, provide excellent customer service, and promote their merchandise through their channel and social media platforms.

Merchandise can be a fun and effective way for creators to connect with their fans and build a community around their content. By offering unique and engaging products, creators can build their brand and generate additional revenue streams outside of advertising or sponsorships.

#4 Crowdfunding:

Crowdfunding allows creators to raise money from their fans and supporters to fund their projects or ventures. This monetization method involves asking for donations or contributions through a crowdfunding platform such as Kickstarter, Patreon, or GoFundMe.

Creators can use crowdfunding to fund various projects, including creating a new series, launching a podcast, publishing a book, or producing a film. Crowdfunding can be an effective way for creators to get the financial support they need to pursue their passion projects without relying on traditional funding sources such as investors or studios.

One of the most popular crowdfunding platforms for YouTubers is Patreon. Patreon allows creators to set up a subscription service where their fans can support them on a monthly basis in exchange for exclusive content, merchandise, or other perks. This method of crowdfunding can provide a steady stream of income for creators and helps them build a loyal community of supporters.

Another popular crowdfunding platform is Kickstarter. Kickstarter allows creators to launch a campaign to fund a specific project or product. Creators can offer rewards to backers based on the amount of their contribution, such as early access to the product or a limited edition item.

To be successful with crowdfunding, creators need to have a clear and compelling vision for their project and offer incentives that will motivate their fans and supporters to donate. It’s important to set realistic goals and communicate the progress of the project to backers throughout the campaign.

Crowdfunding can be a great way for creators to fund their passion projects and engage with their fans and supporters. By leveraging the power of their community, creators can generate the resources they need to create high-quality content that resonates with their audience.

#5 Affiliate marketing:

Affiliate marketing is a way for creators to earn money by promoting products or services and earning a commission for any sales generated through their unique affiliate link. Creators can sign up for affiliate programs through retailers or affiliate networks such as Amazon Associates, ShareASale, or Commission Junction.

Once accepted into an affiliate program, creators can promote the retailer’s products or services on their channel through a variety of methods, such as dedicated videos, product reviews, or product placement. Creators can include their unique affiliate link in the video description or in a pinned comment, which allows their viewers to click through to the retailer’s website and make a purchase.

When a viewer clicks through the affiliate link and makes a purchase, the creator earns a commission on the sale. The commission percentage and structure can vary depending on the retailer and the product being promoted.

Affiliate marketing can be an effective way for creators to monetize their channel and generate revenue without requiring a significant investment of time or resources. By promoting products that align with their brand and audience, creators can provide value to their viewers while also earning a commission on any resulting sales.

To be successful with affiliate marketing, creators need to have a clear understanding of their audience and the types of products or services that will appeal to them. It’s important to be transparent and authentic when promoting affiliate products, and to only promote products that align with their values and interests. Building trust and credibility with their audience is critical to the success of any affiliate marketing strategy.

#6 YouTube Premium revenue:

YouTube Premium is a subscription-based service offered by YouTube that provides ad-free access to YouTube content, as well as exclusive content produced by YouTube creators. Creators can earn revenue from YouTube Premium through the YouTube Partner Program, which allows them to earn a portion of the subscription revenue generated by their content.

When a YouTube Premium subscriber watches a creator’s video, the creator earns a share of the subscription revenue based on how much time the subscriber spends watching their content. This revenue is in addition to any revenue earned through advertising on their videos.

To be eligible for YouTube Premium revenue, creators must meet certain eligibility requirements, including having a certain number of subscribers and watch time on their channel. They must also have monetization enabled on their channel and have agreed to the terms and conditions of the YouTube Partner Program.

YouTube Premium revenue can be a lucrative source of income for creators who have a large and engaged audience. By creating high-quality content that appeals to YouTube Premium subscribers, creators can earn a share of the subscription revenue generated by their videos.

However, it’s important to note that YouTube Premium revenue is not a primary revenue source for most creators, and it may not be a significant source of income for channels with smaller audiences. Creators should focus on building a strong and engaged audience through high-quality content and other monetization strategies, such as advertising, sponsorships, merchandise sales, and crowdfunding.

#7 Licensing:

Licensing is a way for creators to monetize their content by allowing others to use it for a fee. This can include licensing their videos, music, or other intellectual property to other creators, companies, or media outlets.

Licensing can be a lucrative source of income for creators who have built a strong brand and a large and engaged audience. By licensing their content, creators can reach new audiences and generate revenue from their existing content without having to create new content.

One common form of licensing for YouTube creators is licensing their content to media outlets or news organizations. When a news outlet uses a creator’s video or footage in their news coverage, they may pay the creator a licensing fee for the use of their content.

Creators can also license their music to other creators, filmmakers, or advertising agencies for use in their projects. This can provide a steady stream of income for musicians and composers, as well as provide exposure for their music.

To be successful with licensing, creators need to have a clear understanding of their rights and the value of their content. Creators should protect their intellectual property through copyright registration and other legal measures and should seek the advice of legal and financial professionals when negotiating licensing deals.

Licensing can be a great way for creators to monetize their content and expand their reach beyond their existing audience. By leveraging the value of their content, creators can generate revenue and build their brand in new and exciting ways.

#8 Fan engagement:

Fan engagement is a strategy for creators to monetize their content by building a strong and engaged fan base. By creating content that resonates with their audience and fostering a community of loyal fans, creators can monetize their content through a variety of means, such as merchandise sales, crowdfunding, and sponsorships.

One key aspect of fan engagement is building a community around the creator’s content. This can include engaging with fans through comments, social media, and live events, as well as creating content that invites interaction and feedback from the audience. By fostering a sense of community and creating a dialogue with their fans, creators can build a strong and loyal following that is more likely to support their monetization efforts.

Fan engagement can also involve creating merchandise that appeals to the creator’s audience, such as t-shirts, hats, and other branded products. By selling merchandise, creators can generate revenue while also providing their fans with a way to support their favorite creator.

Another strategy for fan engagement is crowdfunding, which allows creators to raise money from their audience to support their content creation efforts. This can include crowdfunding campaigns on platforms like Patreon or Kickstarter, which provide a way for creators to receive ongoing support from their fans in exchange for exclusive content or other rewards.

Sponsorships are another way for creators to monetize their content by partnering with brands or companies that align with their values and interests. By promoting sponsored products or services to their audience, creators can earn a fee for their promotion efforts while also providing value to their fans.

Overall, fan engagement is a critical aspect of any successful monetization strategy for creators. By building a community of loyal fans and creating content that resonates with their audience, creators can generate revenue and build a sustainable business around their creative endeavors.

#9 Crowdsourcing:

Crowdsourcing is a strategy for creators to monetize their content by leveraging the creativity and expertise of their audience. This can include soliciting ideas, feedback, or contributions from their fans to improve their content, as well as seeking funding or resources to support their creative endeavors.

One common form of crowdsourcing is crowdfunding, which involves raising money from a large number of people to fund a creative project or venture. This can include crowdfunding campaigns on platforms like Kickstarter, Indiegogo, or Patreon, which allow creators to receive ongoing support from their fans in exchange for exclusive content or other rewards.

Another form of crowdsourcing is content creation, which involves soliciting ideas or contributions from the creator’s audience to improve or expand their content. This can include asking for feedback on videos or blog posts, as well as inviting fans to submit their own content to be featured on the creator’s platform.

Crowdsourcing can also involve collaboration with other creators or experts in a particular field. By partnering with other creators or industry professionals, creators can leverage their expertise and resources to improve their content and build their audience.

Overall, crowdsourcing can be a powerful tool for creators to monetize their content and build a sustainable business around their creative endeavors. By engaging with their audience and leveraging their creativity and expertise, creators can generate revenue and build a loyal fan base that supports their ongoing efforts.

#10 Speaking engagements:

Speaking engagements are a strategy for creators to monetize their content by sharing their expertise and insights with a live audience. This can include speaking at conferences, events, or other public forums, as well as offering workshops or training sessions.

For creators who have built a strong brand and a large and engaged audience, speaking engagements can be a lucrative source of income. By sharing their knowledge and experience with others, creators can establish themselves as thought leaders in their industry and build their reputation as experts in their field.

Speaking engagements can also provide valuable exposure for creators, as they are often attended by other influencers, media representatives, and potential collaborators. By leveraging these opportunities, creators can build their network and expand their reach beyond their existing audience.

To be successful with speaking engagements, creators need to have a clear understanding of their expertise and the value they can offer to their audience. They should also be skilled communicators who can engage and inspire their audience with their message.

Overall, speaking engagements can be a powerful way for creators to monetize their content and establish themselves as leaders in their industry. By sharing their insights and experience with others, creators can generate revenue, build their reputation, and expand their reach beyond their existing audience.

#11 Consulting or coaching:

Consulting or coaching is a strategy for creators to monetize their expertise by providing personalized guidance and support to clients who want to improve their skills or achieve specific goals. This can include offering one-on-one coaching sessions, online courses, or group workshops to help clients improve their knowledge and skills in a particular field.

For creators who have established themselves as experts in their industry, consulting or coaching can be a lucrative source of income. By sharing their knowledge and experience with others, creators can help clients achieve their goals and build their reputation as thought leaders and experts in their field.

Consulting or coaching can also be a flexible way for creators to monetize their content, as it can be delivered remotely or on-demand, allowing creators to work with clients from anywhere in the world.

To be successful with consulting or coaching, creators need to have a deep understanding of their area of expertise and the ability to communicate their knowledge effectively to others. They should also be skilled in building relationships with clients and providing personalized support to help clients achieve their goals.

Overall, consulting or coaching can be a powerful way for creators to monetize their expertise and build a sustainable business around their creative endeavors. By providing personalized guidance and support to clients, creators can generate revenue, build their reputation, and make a meaningful impact in the lives of others.

#12 Book deals:

Book deals are a strategy for creators to monetize their content by publishing a book based on their area of expertise or creative work. This can include writing a memoir, a how-to guide, or a work of fiction or non-fiction that reflects their unique perspective and experiences.

For creators who have built a strong brand and a loyal audience, a book deal can be a lucrative source of income and a powerful tool for expanding their reach and establishing themselves as thought leaders in their field.

A book deal can also provide valuable exposure for creators, as it can help them reach new audiences beyond their existing fanbase. By leveraging their book to secure speaking engagements, media appearances, and other promotional opportunities, creators can further build their reputation and expand their reach.

To be successful with a book deal, creators need to have a strong writing ability and the ability to tell a compelling story or convey their ideas in a clear and engaging way. They should also have a deep understanding of their audience and their interests, and be able to tailor their book to meet their needs and expectations.

Overall, a book deal can be a powerful way for creators to monetize their content and establish themselves as experts in their field. By sharing their knowledge and experience with a wider audience, creators can generate revenue, build their reputation, and make a meaningful impact through their creative work.

#13 Licensing music:

Licensing music is a strategy for creators to monetize their music by granting permission to others to use their compositions or recordings in various projects, such as movies, TV shows, commercials, video games, and other media.

For creators who have composed or recorded music that has a broad appeal, licensing their music can be a lucrative source of income. By licensing their music, creators can earn royalties and other fees from the use of their compositions or recordings, and reach new audiences beyond their existing fanbase.

Licensing music can also provide valuable exposure for creators, as their music is often featured in high-profile projects that can attract new fans and build their reputation in the industry.

To be successful with licensing music, creators need to have high-quality compositions or recordings that are marketable and appeal to a broad range of potential users. They should also have a clear understanding of the licensing process and the legal aspects of copyright and music licensing.

Overall, licensing music can be a powerful way for creators to monetize their music and reach new audiences. By granting permission for the use of their music in various projects, creators can generate revenue, build their reputation, and make a meaningful impact through their creative work.

#14 Selling courses:

Selling courses is a strategy for creators to monetize their knowledge and expertise by creating and selling online courses on a particular topic or skill. This can include courses on subjects such as business, marketing, technology, art, or any other area where the creator has a deep understanding and expertise.

For creators who have established themselves as experts in their field, selling courses can be a lucrative source of income. By creating high-quality courses that provide value and benefit to students, creators can generate revenue, build their reputation as thought leaders and experts, and create a sustainable business around their creative endeavors.

Selling courses can also provide a flexible way for creators to monetize their content, as courses can be created and sold on-demand, allowing creators to work at their own pace and from anywhere in the world.

To be successful with selling courses, creators need to have a deep understanding of their topic and the ability to communicate their knowledge effectively to others. They should also be skilled in creating engaging and effective course materials, and in marketing and promoting their courses to potential students.

Overall, selling courses can be a powerful way for creators to monetize their expertise and build a sustainable business around their creative endeavors. By creating valuable and engaging courses that help students achieve their goals and improve their skills, creators can generate revenue, build their reputation, and make a meaningful impact in the lives of others.

#15 Product Reviews:

Product reviews are a strategy for creators to monetize their content by creating and sharing reviews of products, services, or experiences with their audience. This can include reviews of physical products like tech gadgets or beauty products, or services like web hosting or meal delivery services.

For creators who have built a loyal following and established themselves as trusted voices in their field, product reviews can be a lucrative source of income. By partnering with companies to review their products, creators can earn sponsorships, affiliate commissions, or other forms of compensation for their work.

Product reviews can also provide value to creators’ audiences, as they can help consumers make informed decisions about products and services they may be interested in purchasing. By providing honest and informative reviews, creators can build trust with their audience and establish themselves as valuable resources for product recommendations.

To be successful with product reviews, creators need to have a deep understanding of the products or services they are reviewing and be able to communicate their opinions and experiences in an engaging and informative way. They should also be transparent with their audience about any compensation they may receive for their reviews and maintain their integrity by providing honest and unbiased opinions.

Overall, product reviews can be a powerful way for creators to monetize their content and provide value to their audience. By partnering with companies to review products, creators can generate revenue, build trust with their audience, and make a meaningful impact through their creative work.

#16 Selling digital products:

Selling digital products is a strategy for creators to monetize their content by creating and selling digital products such as ebooks, online courses, templates, software, and other digital downloads. This strategy can be particularly effective for creators who have expertise in a particular area, as they can leverage their knowledge and skills to create valuable products that their audience may be interested in purchasing.

For creators who have established themselves as thought leaders and experts in their field, selling digital products can be a lucrative source of income. By creating high-quality products that provide value and benefit to their customers, creators can generate revenue, build their reputation, and create a sustainable business around their creative endeavors.

Selling digital products can also provide a flexible way for creators to monetize their content, as they can be created and sold on-demand, allowing creators to work at their own pace and from anywhere in the world.

To be successful with selling digital products, creators need to have a deep understanding of their audience and their needs, as well as the ability to create high-quality and engaging products. They should also be skilled in marketing and promoting their products to potential customers, using a combination of social media, email marketing, and other channels to reach their target audience.

Overall, selling digital products can be a powerful way for creators to monetize their content and build a sustainable business around their creative endeavors. By creating valuable and engaging products that help customers achieve their goals and improve their skills, creators can generate revenue, build their reputation, and make a meaningful impact in the lives of others.

#17 Brand partnerships:

Brand partnerships, also known as influencer marketing, is a strategy for creators to monetize their content by partnering with brands and promoting their products or services to their audience. This can include sponsored posts, brand ambassadorships, product placements, and other forms of collaboration.

For creators who have built a loyal following and established themselves as trusted voices in their field, brand partnerships can be a lucrative source of income. By partnering with brands that align with their values and interests, creators can earn sponsorships, affiliate commissions, or other forms of compensation for promoting their products to their audience.

Brand partnerships can also provide value to creators’ audiences, as they can introduce them to new products and services that they may be interested in purchasing. By promoting high-quality products that align with their values, creators can build trust with their audience and establish themselves as valuable resources for product recommendations.

To be successful with brand partnerships, creators need to have a deep understanding of their audience and their interests, as well as the ability to create engaging and authentic content that resonates with both their audience and the brand they are partnering with. They should also be transparent with their audience about any compensation they may receive for promoting a brand and maintain their integrity by only partnering with brands that they believe in and trust.

Overall, brand partnerships can be a powerful way for creators to monetize their content and provide value to their audience. By partnering with brands that align with their values and interests, creators can generate revenue, build trust with their audience, and make a meaningful impact through their creative work.

#18 Crowdfunding production:

Crowdfunding production is a strategy for creators to raise funds for the production of their creative projects by soliciting small contributions from a large number of people through online platforms such as Kickstarter, Indiegogo, or Patreon.

This strategy allows creators to bypass traditional funding sources, such as investors or production studios, and connect directly with their audience to fund their projects. Creators can set a fundraising goal and offer incentives or rewards to backers who contribute to their campaign, such as early access to the finished product, exclusive merchandise, or personalized shout-outs.

Crowdfunding production can be a powerful way for creators to finance their projects while retaining creative control and ownership of their work. It can also provide a way for creators to build a community around their work and engage with their audience in a more meaningful way.

To be successful with crowdfunding production, creators need to have a clear and compelling pitch for their project, as well as a strong marketing strategy to promote their campaign and engage with potential backers. They should also be transparent with their audience about their funding goals, timelines, and any potential risks or challenges associated with their project.

Overall, crowdfunding production can be a powerful way for creators to finance their projects and connect with their audience in a more meaningful way. By leveraging the power of the internet and social media to reach potential backers, creators can build a community around their work, raise funds for their projects, and bring their creative visions to life.

#19 Patreon:

Patreon is a popular crowdfunding platform that allows creators to generate recurring income from their audience in exchange for exclusive content, perks, and access. It is a membership-based platform where fans, or “patrons,” can pledge a monthly or per-creation amount to support their favorite creators.

Creators can set up a Patreon page and offer different tiers of membership, each with its own set of rewards or perks. For example, a creator may offer exclusive behind-the-scenes content, early access to new work, personalized shoutouts, or one-on-one video chats with their top supporters.

Patreon is especially popular among artists, musicians, podcasters, and other creators who produce regular content and have a dedicated fan base. By offering exclusive content and perks to their most dedicated supporters, creators can generate a steady stream of income and build a strong community around their work.

One of the key benefits of Patreon is that it allows creators to have more control over their income and their creative work. Instead of relying on ad revenue or sponsorships, creators can generate income directly from their audience and maintain creative control over their work.

However, Patreon is not without its challenges. Creators must consistently produce high-quality content and engage with their audience to retain their support. They must also balance the demands of creating new content with the demands of managing their Patreon page and fulfilling their rewards to supporters.

Overall, Patreon can be a powerful tool for creators to monetize their work and build a community around their content. By offering exclusive content and perks to their supporters, creators can generate a steady stream of income, maintain creative control over their work, and build a loyal fan base.

#20 Donations:

Donations are a form of monetization that allows creators to receive voluntary financial contributions from their audience without necessarily providing any specific product or service in return. This can take the form of one-time donations or recurring donations, and it can be facilitated through various payment platforms, such as PayPal or Stripe.

Donations are a popular way for creators to monetize their work because they do not require any specific content, products, or services to be delivered to the audience. Instead, creators can simply provide a way for their audience to support their work if they choose to do so.

Donations can be effective for creators who have built up a strong relationship with their audience and have a dedicated fan base who are passionate about their work. However, donations can also be unpredictable and unreliable, as they are entirely voluntary and depend on the willingness of the audience to contribute.

To successfully monetize through donations, creators must be transparent with their audience about their financial needs and the ways in which donations will be used. They should also make it easy for their audience to donate by providing clear links or buttons on their website or social media pages.

Overall, donations can be a powerful way for creators to monetize their work and receive support from their audience. While it may not be the most reliable or consistent source of income, donations can provide a valuable way for creators to connect with their audience and build a community around their work.

#21 Event sponsorships:

Event sponsorships involve partnering with brands or companies that provide financial support in exchange for brand exposure or other marketing benefits at a particular event. This type of monetization can be used by creators who host events, such as concerts, conferences, or festivals, or who participate in events, such as speaking engagements, workshops, or meet-and-greet sessions.

Sponsorship deals can take many forms, depending on the nature of the event and the needs of the sponsor. For example, a sponsor may provide financial support in exchange for prominent branding and signage at the event, or they may provide products or services that can be used at the event, such as food or equipment. In some cases, sponsors may also provide support for marketing and promotion of the event, such as through social media or other advertising channels.

Event sponsorships can be a valuable way for creators to generate additional revenue and offset the costs of hosting or participating in an event. However, creators must be careful to select sponsors that align with their values and the interests of their audience, as partnering with the wrong sponsor can damage their credibility and reputation.

To successfully monetize through event sponsorships, creators must identify potential sponsors that are a good fit for their brand and audience, and develop a clear value proposition that outlines the benefits of the sponsorship for the sponsor. They must also be transparent with their audience about the sponsorship and any branded content or promotions that may result from the partnership.

Overall, event sponsorships can be an effective way for creators to monetize their work and offset the costs of hosting or participating in events. By partnering with brands that align with their values and interests, creators can generate additional revenue and provide their audience with valuable experiences and content.

#22 Selling licenses for footage:

Selling licenses for footage involves licensing out video footage to other creators, brands, or media organizations for use in their own content or marketing campaigns. This type of monetization is often used by creators who specialize in producing high-quality video content, such as travel vloggers, nature videographers, or documentary filmmakers.

Licensing footage involves granting the buyer the right to use the footage in a specific way, for a specific period of time, and in a specific context. The terms of the license agreement may vary depending on the nature of the footage, the intended use of the footage, and the needs of the buyer.

The value of a license for footage is often determined by the quality of the footage, its relevance to the buyer’s needs, and the exclusivity of the license. For example, a buyer may be willing to pay more for exclusive rights to a particularly compelling piece of footage, as this can give them a competitive advantage in their marketing efforts.

To successfully monetize through licensing footage, creators must have a large library of high-quality footage, and be able to market their footage effectively to potential buyers. They must also be able to negotiate and manage license agreements effectively, to ensure that the terms of the agreement are fair and reasonable.

Overall, selling licenses for footage can be a lucrative way for creators to monetize their work and generate additional revenue. By leveraging their existing library of footage, creators can provide value to other creators, brands, and media organizations, while generating income that can support their continued work in creating high-quality video content.

#23 Donations through YouTube’s “Applause” feature

YouTube’s “Applause” feature is a way for viewers to show their support and appreciation for a creator’s content by making small monetary donations during live streams and premiere events. The feature is similar to other donation platforms, such as Patreon or Ko-fi, but is integrated directly into the YouTube platform.

To use the Applause feature, viewers can purchase “Applause” stickers using a payment method that is linked to their YouTube account. These stickers can then be sent to the creator during live streams or premieres, and each sticker represents a small donation of money. Creators receive a portion of the revenue generated by the Applause feature, with the remainder going to YouTube as a processing fee.

The Applause feature can be a valuable way for creators to monetize their live streams and premiere events, as it allows viewers to support their work in a tangible way. It also provides creators with an additional source of revenue beyond advertising and sponsorships, which can be unpredictable and subject to changes in algorithm or market conditions.

However, to successfully monetize through the Applause feature, creators must have an engaged and supportive audience that is willing to make donations. They must also be able to promote their live streams and premiere events effectively, to ensure that they attract a large and enthusiastic audience.

Overall, the Applause feature can be a useful tool for creators looking to monetize their work on YouTube. By providing a direct and easy way for viewers to support their content, creators can generate additional revenue and strengthen their relationship with their audience.

#24 Affiliate marketing through Amazon Influencer Program:

The Amazon Influencer Program is a type of affiliate marketing program that allows creators to earn commissions on purchases made by their followers on Amazon. To participate in the program, creators must first apply and be approved by Amazon, and then set up a personalized storefront where they can showcase their favorite products and earn a commission on any sales made through their storefront.

As an Amazon Influencer, creators can earn commissions on a wide range of products, including electronics, fashion, beauty, and home goods. To promote products, they can share links to their storefront on their social media profiles, website, or YouTube channel, and encourage their followers to make purchases through their storefront.

Creators earn a commission on each sale made through their storefront, with the percentage of the commission varying depending on the product category. Commissions typically range from 1% to 10% of the sale price, and can be a valuable source of income for creators who are able to drive a significant amount of traffic to their storefront.

To successfully monetize through the Amazon Influencer Program, creators must have a strong and engaged following, and be able to promote products in a way that is both authentic and effective. They must also be able to curate a storefront that appeals to their audience’s interests and needs, and provide valuable information and insights on the products they promote.

Overall, the Amazon Influencer Program can be a useful way for creators to monetize their influence and earn additional income. By leveraging their expertise and authority in a particular niche or industry, they can help their followers discover new products and earn commissions on their purchases, while also strengthening their relationship with their audience.

#25 Selling physical products:

Selling physical products is another way that YouTubers can monetize their channels. This can include selling merchandise, such as clothing, hats, and other branded items, to their fans. For example, a beauty YouTuber may sell a branded line of makeup brushes, while a gamer may sell T-shirts or hoodies featuring their logo or a favorite catchphrase.

To sell physical products, YouTubers must first establish a brand and build a loyal following of fans. They can then leverage this audience to market and sell their products, either through their YouTube channel or through other social media platforms. They may also set up an online store or use an existing e-commerce platform to handle order fulfillment and payment processing.

One advantage of selling physical products is that it can create a deeper connection between the creator and their fans. By wearing or using products that feature their favorite YouTuber’s branding, fans can feel like they are part of a larger community and show their support for the creator.

However, selling physical products can also be more time-consuming and costly than other monetization methods, as creators must handle inventory management, shipping and handling, and other logistical tasks. It also requires a strong understanding of e-commerce and marketing strategies to effectively promote and sell products.

Overall, selling physical products can be a lucrative way for YouTubers to monetize their channels, as long as they have a strong brand and a loyal following of fans who are interested in buying their merchandise.

#26 Licensing your own music:

Licensing their own music is another way that YouTubers can monetize their channels. If a YouTuber creates original music, they can license their music to other creators, filmmakers, or businesses for use in their videos or other content.

There are various types of licensing agreements that YouTubers can use to monetize their music, such as sync licenses, performance licenses, and mechanical licenses. A sync license allows a third party to use the music in sync with their own video or other creative work. A performance license allows the music to be performed publicly, such as in a live concert or on a radio station. A mechanical license allows for the reproduction of the music in a physical or digital format, such as on a CD or as a digital download.

To license their music, YouTubers can either work with a music licensing agency or manage the process themselves. They can also use digital distribution platforms like DistroKid or TuneCore to distribute their music and collect royalties from streaming services like Spotify or Apple Music.

Licensing their own music can be a lucrative way for YouTubers to monetize their channels, especially if they have a strong following and their music is in demand. It can also help to increase the visibility of their music and create new opportunities for collaboration and exposure. However, licensing music requires an understanding of music rights and licensing agreements, and may involve legal and administrative expenses.

#27 Licensing video clips to news outlets:

Licensing video clips to news outlets is another way that YouTubers can monetize their channels. If a YouTuber captures newsworthy or interesting footage, they can license it to news organizations for use in their broadcasts or online articles.

News organizations are often interested in user-generated content, as it can provide a unique perspective on events and stories that may not be available through traditional media channels. If a YouTuber captures footage of a breaking news event, a natural disaster, or other notable occurrence, they can contact local or national news outlets and offer to license the footage for use in their coverage.

To license their video clips, YouTubers can work directly with news organizations or use a third-party licensing platform like Newsflare or Jukin Media. These platforms allow YouTubers to upload and license their footage to a wide range of media outlets, and handle the legal and administrative aspects of the licensing process.

Licensing video clips to news outlets can be a lucrative way for YouTubers to monetize their channels, especially if they capture unique and compelling footage that is in high demand. It can also help to increase their visibility and establish them as a credible source of news and information. However, licensing video clips requires an understanding of copyright and licensing agreements, and may involve legal and administrative expenses.

#28 Creating a subscription service:

Creating a subscription service is another way that YouTubers can monetize their channels. This involves offering exclusive content or other benefits to subscribers who pay a monthly fee to access it.

To create a subscription service, YouTubers can use platforms like Patreon, OnlyFans, or YouTube Memberships. These platforms allow YouTubers to offer a range of perks and rewards to their subscribers, such as early access to new videos, behind-the-scenes content, exclusive merchandise, and personalized shoutouts.

Creating a subscription service can be a great way for YouTubers to generate recurring revenue from their audience, as subscribers are typically more committed and engaged than casual viewers. It can also provide a more stable income stream compared to advertising or sponsorships, which can fluctuate depending on factors like audience size and engagement.

However, creating a subscription service requires a significant investment in time and resources, as YouTubers need to create and manage exclusive content and benefits for their subscribers. It also requires a strong and loyal audience that is willing to pay for access to exclusive content.

#29 Offering video editing services:

Offering video editing services is another way that YouTubers can monetize their channels. Many YouTubers have developed advanced video editing skills through their work on their own channels, and they can use these skills to offer editing services to other content creators or businesses.

To offer video editing services, YouTubers can advertise their services on their own channel or on freelance platforms like Fiverr or Upwork. They can offer a range of editing services, such as basic editing, color correction, audio editing, motion graphics, and visual effects.

Offering video editing services can be a great way for YouTubers to generate income while utilizing their existing skills and expertise. It can also help to establish them as professionals in the video production industry and provide opportunities to work with a diverse range of clients.

However, offering video editing services requires a significant investment in time and resources, as YouTubers need to develop and refine their skills, invest in equipment and software, and market their services effectively to attract clients. It also requires a high level of professionalism and communication skills to work effectively with clients and deliver high-quality work on a consistent basis.

#30 Influencer marketing campaigns:

Influencer marketing campaigns are another way that YouTubers can monetize their channels. As influential creators with engaged audiences, YouTubers can partner with brands to promote their products or services to their viewers.

In an influencer marketing campaign, a brand will typically provide a YouTuber with a product or service to review or use in their content. The YouTuber will then create content, such as a video or social media post, that showcases the product and its benefits to their audience. In exchange, the YouTuber will receive payment or other compensation from the brand.

Influencer marketing campaigns can be a lucrative way for YouTubers to monetize their channels, as they provide a direct revenue stream and can also help to build their personal brand and reputation. However, it is important for YouTubers to only partner with brands that align with their values and content, and to disclose any sponsored content to their audience in compliance with advertising regulations.

To find influencer marketing opportunities, YouTubers can work with influencer marketing agencies or sign up for influencer marketing platforms like AspireIQ, Grapevine, or FameBit. They can also reach out to brands directly or work with brand managers or PR agencies to identify potential partnerships.

Conclusion:

There are numerous ways to monetize a YouTube channel, and many successful YouTubers use a combination of strategies to generate income. Advertising revenue, sponsorships, merchandise sales, crowdfunding, affiliate marketing, and YouTube Premium revenue are some of the most common monetization methods, but there are many other possibilities, such as licensing, fan engagement, crowdsourcing, speaking engagements, consulting, book deals, and more.

To be successful in monetizing a YouTube channel, it’s important for YouTubers to develop high-quality content that resonates with their audience and builds a loyal following. They also need to build a strong personal brand, market their content effectively, and stay up-to-date with the latest trends and best practices in the industry. With hard work, dedication, and a bit of creativity, it’s possible to turn a YouTube channel into a sustainable source of income and build a rewarding career as a content creator.

FAQs about monetizing YouTube

Can I monetize my YouTube channel if I don’t have a lot of subscribers?

Yes, you can monetize your YouTube channel even if you don’t have a large number of subscribers. However, you need to have at least 1,000 subscribers and 4,000 watch hours in the past 12 months to be eligible for the YouTube Partner Program.

How much money can I make from my YouTube channel?

The amount of money you can make from your YouTube channel varies depending on several factors, such as the number of views, the demographics of your audience, the types of ads running on your videos, and your CPM (cost per mille). Some YouTubers make a few hundred dollars a month, while others make millions of dollars a year.

Can I monetize my YouTube channel with copyrighted music?

No, you cannot monetize your YouTube channel with copyrighted music unless you have obtained the proper licensing or permission from the copyright holder.

Can I use multiple monetization methods on my YouTube channel?

Yes, you can use multiple monetization methods on your YouTube channel. In fact, many successful YouTubers use a combination of strategies to generate income.

Do I have to disclose sponsored content on my YouTube channel?

Yes, you have to disclose sponsored content on your YouTube channel in compliance with advertising regulations. This means that you need to clearly disclose any paid partnerships, endorsements, or sponsorships in your videos or in the video description.