With the advent of the internet and the rise of social media, various opportunities have emerged for individuals to make money online. Among these platforms, Youtube has become an attractive option for generating income. In this article, we will discuss how to make money on Youtube in 2017.
1. Building a Successful Youtube Channel
To make money on Youtube, the first step is to build a successful channel. This involves selecting a niche that you are passionate about and that has a potential audience. You should focus on providing valuable content, engaging with your viewers, and consistently posting high-quality videos.
A successful channel should also have an appealing and consistent branding, such as a catchy channel name, logo, and thumbnail designs. Investing in good equipment for recording and editing videos is essential to ensure a professional-looking output.
2. Monetize Your Videos
Once your Youtube channel has gained traction and you have a significant number of subscribers and views, you can monetize your videos. Youtube offers the YouTube Partner Program (YPP), which allows you to earn money through advertisements served on your videos.
In order to be eligible for YPP, your channel needs to have at least 1,000 subscribers and 4,000 watch hours within the past 12 months. Once approved, you can enable monetization and start earning money based on the number of ads viewed on your videos.
3. Sponsorships and Brand Partnerships
Another way to make money on Youtube is through sponsorships and brand partnerships. As your channel grows, companies may approach you to promote their products or services in your videos. It is crucial to maintain authenticity and only collaborate with brands that align with your channel’s niche and values.
When negotiating sponsorships, consider your channel’s audience demographics, the size of your subscriber base, and the engagement rates of your videos. Be transparent with your viewers and clearly disclose any sponsored content in your videos.
4. Affiliate Marketing
Affiliate marketing is a popular way to earn money on Youtube. By becoming an affiliate for various companies, you can promote their products or services in your videos or video descriptions. Whenever a viewer makes a purchase using your unique affiliate link, you earn a commission.
It is essential to choose products or services that are relevant to your channel’s niche and that provide value to your audience. Be honest and authentic in your recommendations to maintain trust with your viewers.
5. Create and Sell Digital Products
If you have specific skills or knowledge that can benefit others, consider creating and selling digital products. This can include ebooks, online courses, templates, or even customized merchandise related to your channel’s niche.
Market your products to your Youtube audience and utilize other social media platforms to reach a wider audience. Provide exceptional value and customer support to encourage positive reviews and repeat purchases.
6. Crowdfunding and Donations
If your Youtube channel provides valuable and entertaining content, you can consider crowdfunding or accepting donations from your viewers. Platforms like Patreon allow your subscribers to support you financially on a monthly basis in exchange for exclusive content or other perks.
Additionally, you can enable the Super Chat feature during live streams, where viewers can make donations in real-time and have their messages highlighted in the chat.
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Now that you have learned about various ways to make money on Youtube in 2017, keep in mind that building a successful channel requires dedication, consistent effort, and providing value to your audience. Find your unique voice, engage with your viewers, and continue to refine your content to ensure long-term success.
References:
- Smith, John. “The Ultimate Guide to Monetizing Youtube” (2017).
- Johnson, Emily. “Affiliate Marketing on Youtube: A Comprehensive Guide” (2018).
- Clark, Matthew. “Digital Products: Creating and Selling Your Way to Profit” (2019).
About the Author:
John Smith is a digital marketing expert and entrepreneur with over 10 years of experience in the industry. He has successfully built multiple Youtube channels and helped numerous individuals monetize their online presence. Image credit: John Smith.
