Lifehack logo

Top 3 Ways to Monetize Your YouTube Channel

by Aesthetic Writer 9 months ago in tech
Report Story

Today we are going to discuss the most profitable revenue streams as a YouTuber

Top 3 Ways to Monetize Your YouTube Channel
Photo by Omar Al-Ghosson on Unsplash

One thing I believe for everyone on Earth is necessary/important to do is to find a medium/way to output their talent, art or feelings. May it be writing content on the internet, creating videos on YouTube, podcasting on audio platforms or maybe just an Instagram post once in a while.

Not only do these help you let you out your inner feelings and talent, but they also can be a viable source of income if you can acquire a decent enough audience who relate to or enjoy the content that you are putting out in the open.

You must've clicked on the article in hopes of creating one such outlet for you i.e. YouTube as a career option. And when I say that you are not going to be disappointed I do genuinely mean it.

Note: As the title suggests, I will mention the top 3 ways to earn through YouTube whilst there are way more plausible income streams. Also, these are not in any particular order, I do believe that each has a humungous potential to generate capital for you.

1. Affiliate Marketing

By Stephen Phillips - Hostreviews.co.uk on Unsplash

Have you ever noticed that most YouTubers these days with an audience do have an affiliate link in the description of their videos which is usually related to the videos they create? For example, a finance content creator may have affiliates links of, say, stock exchange platforms. All as a viewer you do is watch their content and if you relate to it you think to yourself, "I love the content he/she makes and I find it useful so if he's recommending these platforms I might as well have a go in them". These links help a creator every time depending on the affiliate program they signed up for.

I would suggest you find an affiliate program for products/services that are aligned to your content niche. This way the audience also doesn't feel forced and in return makes your conversion to that affiliate program better. 

Tip: In case, you can't decide which programs would be optimal for your audience you can always sign up for the Amazon affiliate program and sell the equipment that you use.

2. Brand Deals

By Kristian Egelund on Unsplash

I know this one sounds like an obvious one, the number 2 on the list is something that most YouTubers rely on as the major source of income. After earning a decent enough following you can reach out to brands to get their product(s) sponsored in front of the audience that you have built.

Brands will pay you to get them featured and also in some cases start an affiliate program specifically for you to monitor the conversion you were able to make and might offer more brand deals or a long term deal in the future. So make sure that you only promote things that are relevant to your brand.

Tip: In case, you are not reverted by any brand for a deal, you can create a dropshipping store yourself of a product that you and your audience can relate to.

3. Client Work/Freelancing

By Per Lööv on Unsplash

This one is what I have seen not many YouTubers do. If you create a type of service that can bring value to people in form of entertainment or memory allocation then it's something that you can try to do. For example, if your content revolves around digital marketing then you can give people consultancy about it and charge them for a video call over zoom or anything that you feel comfortable. Maybe you are an artist and product content around that then you can, create custom art for people and get paid for it. 

Charge people according to the amount of time it takes to provide the service you do and also take into consideration the fact about your audience size. You might want to do some initial services for free and ask the clients for testimonials reassuring the belief of upcoming clients.

Tip: After reaching a following and getting multiple requests for your service a good way to scale up would be to outsource your work. If someone is paying you $100 for a service then find a person on freelancing websites that can do the job for $80 and keep the difference as a cost of matching the two.

Before you leave the article and hop on to another one, I just want to Thank You for reading this and if it brought even a slight value in your life, please consider following the account for more such informative posts, it's free.

tech

About the author

Aesthetic Writer

We are a group of highly motivated individuals who want to share our thoughts and knowledge with the World.

Reader insights

Be the first to share your insights about this piece.

How does it work?

Add your insights

Comments

There are no comments for this story

Be the first to respond and start the conversation.

Sign in to comment

    Find us on social media

    Miscellaneous links

    • Explore
    • Contact
    • Privacy Policy
    • Terms of Use
    • Support

    © 2022 Creatd, Inc. All Rights Reserved.