How To Make Money On YouTube In 2023: 10 Proven Ways To Monetize Your Channel
YouTube is one of the most popular and influential platforms in the world, with over 2 billion monthly active users and billions of hours of video watched every day. YouTube is not only a source of entertainment and education, but also a potential source of income for many creators who share their passion and expertise with their audience. In this article, we will explore 10 ways to make money on YouTube in 2023, based on the latest features and trends on the platform.
1. Join the YouTube Partner Program and earn revenue from ads and YouTube Premium. To join the program, you need to have at least 1,000 subscribers and 4,000 watch hours in the past 12 months. You also need to follow the YouTube channel monetization policies and have an AdSense account. Once you are accepted, you can enable monetization features on your videos and earn money from different types of ads and from YouTube Premium subscribers who watch your content.
2. Create and sell merchandise to your fans through the YouTube Shopping feature. You can design and sell your own products, such as t-shirts, mugs, stickers, etc., through a third-party platform like Teespring or Spreadshop. You can then showcase your products on your channel page and under your videos using the YouTube Shopping feature. To be eligible for this feature, you need to have at least 10,000 subscribers and be in the YouTube Partner Program.
3. Offer channel memberships to your loyal viewers and provide them with exclusive perks. You can create different levels of membership for your channel and charge a monthly fee for each level. In return, you can offer your members various benefits, such as badges, emojis, live chats, videos, polls, etc. To be eligible for this feature, you need to have at least 1,000 subscribers, be in the YouTube Partner Program, live in a country where channel memberships are available, and not have a significant number of videos set as made for kids.
4. Enable Super Chat and Super Stickers on your live streams and premieres and let your fans pay to get their messages highlighted. Super Chat allows your viewers to purchase a message that stands out in the chat stream with a color and duration depending on the amount paid. Super Stickers allows your viewers to purchase an animated image that pops up in the chat stream with sound effects. You can earn a share of the revenue from these purchases after Google takes a commission. To be eligible for this feature, you need to be in the YouTube Partner Program, live in a country where Super Chat and Super Stickers are available, and not have a significant number of videos set as made for kids.
5. Use Super Thanks to let your fans show appreciation for your videos by buying a comment with a colorful animation. Super Thanks allows your viewers to purchase a comment that appears highlighted in the comments section of your video with an animated GIF. You can earn a share of the revenue from these purchases after Google takes a commission. To be eligible for this feature, you need to be in the YouTube Partner Program, live in a country where Super Thanks is available, and not have a significant number of videos set as made for kids.
6. Collaborate with brands through YouTube BrandConnect and get paid for product placements or endorsements2. YouTube BrandConnect is a platform that connects creators with brands that want to sponsor their content. You can create videos that feature or mention a brand’s product or service and get paid based on the performance of your video. To be eligible for this feature, you need to have at least 25,000 subscribers, be in the YouTube Partner Program, have no active strikes on your channel, and follow the YouTube BrandConnect policies.
7. Create Shorts and get a chance to earn a share of the $100 million YouTube Shorts Fund2. Shorts are short-form vertical videos that you can create using the Shorts camera or upload from your phone. You can use various creative tools like music, filters, text, etc., to make your Shorts more engaging. You can also browse and watch Shorts from other creators on the Shorts shelf or the Shorts tab. The YouTube Shorts Fund is a fund that rewards creators who make original and popular Shorts. You don’t need to be in the YouTube Partner Program to be eligible for this fund, but you do need to follow the YouTube Community Guidelines and Shorts Fund policies.
8. Build an audience that is interested in your niche and content by making high-quality, engaging and consistent videos. Building an audience is key to making money on YouTube. You need people to watch your videos and interact with them in order to grow your channel and monetize it. There is no one secret to getting more subscribers, just make the best content that you can and and they will come to you. You can also promote your channel on other platforms, collaborate with other creators, and use analytics to understand your audience and improve your content.
9. Optimize your videos for search and discovery by using relevant keywords, titles, descriptions, thumbnails and tags. Optimizing your videos can help you rank higher in YouTube search results and recommendations and attract more viewers to your channel. You can use tools like Google Trends, YouTube Analytics and Keyword Planner to find out what your audience is searching for and what keywords they are using. You can then use those keywords in your titles, descriptions, thumbnails and tags to make your videos more relevant and appealing.
10. Interact with your community by responding to comments, asking for feedback, hosting Q&A sessions and joining social media platforms. Interacting with your community can help you build a loyal fan base that supports your channel and engages with your content. You can also use your community to get ideas for new videos, learn from their feedback, and create a sense of belonging among your viewers. You can also join social media platforms like Instagram, Twitter, Facebook, etc., to connect with your audience on different levels and platforms.
Making money on YouTube is not easy, but it is possible if you have a clear vision, a dedicated work ethic, and a creative mindset. YouTube offers various monetization features and opportunities for creators who want to turn their passion into profit. However, these features are not available to everyone and they require certain eligibility criteria and policies to be followed. Moreover, these features are not the only factors that determine your success on YouTube. You also need to focus on creating high-quality, engaging and consistent content that attracts and retains your audience. You also need to optimize your videos for search and discovery, and interact with your community on different platforms. By following these tips and tricks, you can increase your chances of making money on YouTube in 2023.