– This is our complete guide
to YouTube Monetization. We're gonna cover all the ways that you can make money from
YouTube once you've reached the YouTube partner program requirements. Plus, I'm also gonna share
with you my number one tip to help get you monetized sooner. As we're going through,
scroll down and let me know in the comments if your
channel is already monetized, what's your number one tip to help others who are still on their
journey to those requirements.
And if you're not
monetized yet, don't worry. There's still plenty of
ways that you can make money on YouTube even with a small channel. We'll cover off more on
that as we go through, but the focus of this video is what ways can you make money from YouTube, where it's YouTube paying you for essentially uploading content and having a YouTube channel. Let's get the obvious
stuff outta the way first in order to be paid from YouTube, you need to be part of their
YouTube partner program, which means you need to
have reached the milestones of 1,000 subscribers on your channel and 4,000 hours of watch time
in the previous 12 months. Your account also has
to be in good standing. So you can't have a
heap of copyright claims or anything like that on your content. And you have to be living in an area where the YouTube partner
program is rolled out, which is most places. From there you can apply to
be in the partner program. And once you're in there, you can head over to your
YouTube studio Dashboard area, on the left, there is a
button for monetization.
And in there you can see what you've currently got access to and you can turn things on and off. So as for the different ways you can make money from YouTube. The first way is probably
the most obvious way or the most common way and
that is through YouTube ads, where you receive a
revenue split with YouTube from companies, or businesses,
or people running ads on your videos. So the revenue split from those ads is a 45, 55% split
between you and YouTube. With YouTube taking 45% and
you, the creator, receiving 55%. Now how much money you
receive really does come down to your specific channel
and how much money companies or businesses
are paying to run ads on your videos. So if you've got a video that's blown up and it's really popular, and a lot of people are
trying to run ads on it, it essentially becomes a bidding wall with them as to who's gonna
pay the highest amount.
And obviously the more
they're paying for the ads, the more money you can make. And this doesn't mean that you need to have every one of your
videos take off and go viral. If you're releasing videos on
a constant upload schedule, then over time, you're
gonna have more videos with ads on them and add earning potential that can grow and scale that way as well. And even for a channel our size with currently around 400 videos on it, there's really a handful of
videos that are bringing in the bulk of our YouTube
revenue each and every month. Now it's a really good
idea to keep in mind when you're creating your videos, that if they are advertiser friendly.
Meaning, that they don't
have any illegal stuff or a lot of swearing in there, then there's more likely
going to be companies that would wanna run ads on your videos. And so my suggestion is
to try and keep them PG or family friendly wherever you can. Now for each individual video
you have on your channel, you have the ability to enable
or disable monetization. You can also select the different types of ads that can be run on that
video, and even the location or where those ads are
displayed, so before the video, during the video, or after the video. So that's the first way you can make money from YouTube with ad revenue. The second way is with
YouTube Memberships. So you can essentially think
of this like YouTube's version of Patreon or even your own
monthly membership subscription that's run and managed
through your YouTube channel. So your followers, your
viewers, your subscribers, they can pay you monthly in return for what YouTube calls "perks". Now you, as the channel owner, have control over what
perks are enabled or not. And they can be things
like exclusive videos that only show up or only
displayed for your members, exclusive live streams, exclusive
community posts as well.
And you can also enable members
only badges and emojis too. So if you're someone that
does a lot of live streams, this is gonna help your
channel members stand out, and feel like they're
part of your community. To set it up, you wanna head
over to the Monetization area and go the top to Memberships. You can then come down and
set up your membership offer. In here, you can set
up the different tiers or different amounts of
money that your members will be paying you each month and what each one of those tiers unlocks.
And you can see here, we
can create these tiers ranging from $1.49 per month,
right up to $199 per month. Now this is shown in Australian dollars, and for you, it'll be
shown in your currency. And then to have your
viewers and subscribers actually join and become a member, once you've enabled this
and you've set it all up, there will be a Join button
that shows up below your videos. They just need to click
on that, pick the plan that they would like to sign up on, and then they're members of your channel. Our YouTube memberships
does have a revenue split with YouTube as well,
meaning that you don't get all the money that comes through here. It's currently a 70/30 split. With you making the 70%
and YouTube taking 30.
Option number three is the Merch Shelf or the Merchandise Shelf. So this is something you can set up that will display underneath your videos and where your fans or your
viewers can cycle through, and view, and purchase
official merchandise from you. Now, currently you can
display up to 30 products in that carousel, but
you've also got link there to take people to your online store. So to be able to do
this, you do need to have an online store set up,
but YouTube does help you and step you through the process, if you don't have one already running. There is a list of approved
companies like Spreadshop and Spring that have created partnerships with YouTube to make all of this seamless. Now, the requirements to
enable this Merch Shelf are a little bit more than the regular YouTube partner program. You will need to have a channel that is currently at
10,000 subscribers or more, but if you're interested in
selling merch to your viewers, this is a great way that you
can showcase that to them.
The next way that you can
make money from YouTube is through YouTube Supers, which are really three separate features under that one banner. So you've got Super Stickers, Super Chat, and now, Super Thanks as well. And all of them are essentially
some way that your viewers can tip or donate to you for the content that you've created. Now, if you're doing live
streams on your channel and you have Super Stickers
and Super Chat enabled, then that's where your
viewers can donate to you or send you a sticker
where you receive money in real time while you're live.
Super Chats and Super
Stickers will only work while you're live. They don't work on your
regular uploaded videos, but that's where Super Thanks steps in. And that's again, where
once you've got it enabled on your channel, a little thanks button will show up beneath your videos. Your viewers can click on that and they can choose how
much to donate to you. Now we have a full video just covering off on YouTube Thanks, so I'll
link that one up in the cards, but if you are already monetized, then likely, you've got access
to this feature now, too. And it isn't enabled by default. So again, you wanna head
over to your Dashboard area to that Monetization page,
click on Supers up the top, and if your channel is eligible, you'll see the ability in
here to turn on Super Chat, Super Stickers, and Super Thanks.
Now with all three of these supers, now your viewer has the ability to not just donate or tip you,
that also send you a message if you're live in the chat
or leave you a comment, if they're using Super Thanks. Now, those comments and
messages are also designed to look a little bit different
so that they stand out. So they become featured
comments on your channel and featured messages in your chat, while you're live, so that
you can easily see them.
And so that they stand
out for other people looking at your videos too. Another way that you can make money from your YouTube channel is
with YouTube Premium Revenue. So for those of you that aren't aware YouTube does have a paid option, where you pay a monthly
fee and it gives you access to exclusive content, but
also it removes all the ads from YouTube, making
YouTube, absolutely amazing. Once you've tried this,
it's very hard to go back to YouTube with ads, but
obviously in terms of revenue, this does mean that if people
are watching your videos and they are a YouTube Premium subscriber, and they're not seeing ads and you've got ads on, on your channel, then you won't be making
money from those viewers. So now in terms of the revenue, what YouTube does with
the money it's making from the YouTube Premium subscriptions, a percentage of that is
given back as revenue for channels that are monetized
for the views that they get on their channel from
those premium subscribers, so that they're still able
to make some money through, because they're not eligible for ads or they're not seeing ads.
So in terms of how much money
you can really make from this, it does come down to how many views on your videos are coming from people who are on the YouTube
Premium subscription. And obviously, the money
is shared across YouTube. So if you've got a lot of views from these YouTube Premium subscribers, then you'll make more.
Now for us in comparison,
the amount that we make from YouTube Premium subscriptions versus what we make for YouTube Ads is really chalk and cheese. We make a lot more from
YouTube Ads than we do from YouTube Premium subscription views. And the last way that you
can make money on YouTube is through the YouTube
Shorts Creator Fund. So if you ask someone who is creating and uploading YouTube Shorts, so YouTube's answer to
TikTok or Instagram Reels, then you can make money if
those shorts perform well. Now, if you don't know
what YouTube shorts are, you wanna find out more
of another video linked up in the cards to help you with that.
Now this is something
that's likely gonna change, but right now, YouTube
has allocated $100 million to this Shorts Creator Fund. And there is a percentage of that that is given out to creators
each and every month, based on the amount of
views or performance of the YouTube Shorts
that you are creating. To be eligible to receive money from the YouTube Shorts Fund, you do need to be obviously uploading YouTube Shorts content,
you need to have uploaded at least one in the last 180 days, and it does need to be original content. You can't just grab your TikTok video with the TikTok watermark
and upload it as Shorts. That video won't be eligible and you need to be a
minimum of 13 years old. If you do qualify for the
shorts fund on any given month, then you'll receive an email and a notification in the YouTube app, and they say that qualifying
channels can receive anywhere from $100 to $10,000,
depending on the performance of the Shorts they're creating. So those are the different
ways that you can make money from YouTube itself. Now, earlier in the video, I said, I'd also share
with you my number one tip to help get you monetized sooner, and it's actually
something to help you grow your YouTube channel
faster, which is gonna lead to it being monetized faster, and that is to be strategic
about the content that you make.
Don't just create random videos or just upload for the sake of uploading. I want you to be strategic in the content that you are creating. So this doesn't mean
that you need to upload daily or three times a week. For us, we upload one
strategic video per week and that's been more than
enough for us to grow to where we are and to build the business that we have off the
back of our channel too.
So to help you be more
strategic with the content you're creating, I've got a
video linked in the description to help you get to that thousand
subscriber milestone fast. Now while the YouTube
Monetization options are great, there's other ways that
you can generate income from your channel too. In fact, our biggest
source of income right now is Affiliate Marketing. So to see exactly how we do it
and how you can get started, check out the video linked on the screen on how to start affiliate
marketing for beginners. I'll see you in there..
