How To Make Money On YouTube In 2018
Lots
of people talk about how they quit their day job and became full-time
YouTubers. These stories can be very compelling. After all, who wouldn’t want
to turn their passion into a bonafide career? While becoming a professional
YouTuber is the ultimate dream, it does require a bit of a reality check. Just
for reference, you make about $1,000 per one million views on YouTube. So,
unless your videos are getting millions of views in a short period of time,
every time, you might want to keep your day job and also explore YouTube
monetization routes that don’t rely on views only.
But if you want
to start dabbling in monetizing on YouTube or if you want to make a hefty
side-profit from sharing on YouTube you will want to read this post.
You’ll need to post 2–3 times per week
Remember how we
said to not quit your day job in the opening paragraph? We didn’t say that to
be rude — we said it because we want to make sure you maximize your earning
potential. In this day-in-age, nothing is promised in terms of income. For
example, many YouTubers saw their income decrease when the platform started
giving creators less money from ads. Even if you do make enough to live on
YouTube, you still want a secondary or third income stream. It is the safest
route if one of your jobs doesn’t work out.
This is the
most obvious one. You will need to hook your AdSense account to your YouTube channel so
that you get paid per view. This is the most common route to make money on
YouTube, however it is the least profitable. People do not make a ton of money
from AdSense. So, you cannot rely on this method alone. This is particularly
true if you are just starting out and don’t have millions of views on your
channel yet.
Affiliate Links
Whether you use
Amazon or Reward Style, affiliate links can be a great way to monetize your
channel. If you run a beauty or fashion channel and you are constantly
recommending products, affiliate links are a must-have. When you use an
affiliate link, it is easy to make money. Basically, if someone buys something
using the link you shared, you will get a small portion of the proceeds from
the product purchase. So be sure to sign up for an affiliate program this year
and use the links in your description box.
Sell digital-only products
Remember how we
said you should really have multiple income streams? Well digital-only products
are a great way to diversify your income. Digital-only products are great
because you can sell unlimited products and you don’t have to worry about
inventory. What are some examples of digital products? We’re glad you asked!
Here are some thought starters:
e-books
camera presets
e-tutorials
Photoshop actions
iPhone apps
When it comes
to digital products, let your imagination guide you. Test as many products as
you like to discover what works for you.
Sell Stock Images
Admit it, you
take about a million selfies before you find the perfect one to post, right?
Well what if we told you that you could sell those images to stock companies
and make a bit of passive money off of that? Sites like Dreamtime and Shutterstock accept submissions for paid stock
imagery.
Create and teach a course
If you’re part
of Octoly, you should already know that you are incredibly talented and
creative. Why not make a profit from your talent with an e-course? You can
teach a makeup master classes or do a course on YouTube best practices or
create a course about anything you are very good at, the choice is yours!
Courses can be another really lucrative revenue stream for you to explore in
2018!
We also hope
you continue to partner with brands and form meaningful branded partnerships in
2018! How else will you be making money on YouTube in the new year?
