How to Make Money on YouTube in 2023 Secret Method

jhsheeraz February 3, 2023

YouTube may provide content creators with a substantial income stream, but only if they put in the time, effort, and effort. Step-by-step instructions on how to monetize your YouTube channel are provided below.

A full-fledged business has developed around making money on YouTube. It claims to have over two billion members and receives 500 hours of content per minute, roughly one-third of the internet!

Professional YouTubers can make a good living from sponsorships, adverts, and other sources. The amount of money a YouTube creator makes depends on the number of subscribers, the number of views of each video, and the monetization strategies used. In fact, according to Forbes, elite performers can earn $5 from commercials alone for every 1,000 video views. That side business is quite substantial.

But what are the essentials for profiting from YouTube? Said you can earn more money the more subscribers you have.

What You Need To Know Before Beginning

Don’t worry about earning money at first.

Although it may sound like the worst business advice imaginable, you can only concentrate on something other than making money when you first start using YouTube. Instead, focus on your video retention, views, and subscribers. You were getting to know your audience by responding to their remarks. Depending on your efforts and approach, a month to a few years may pass before you get 1,000 subscribers, so only plan on making meaningful money later.

Consider getting thicker skin.

Be ready to encounter unfavorable feedback and responses, as with any venture where you expose yourself to the public. Unfortunately, internet trolling is par for the course. Tell the difference between comments meant to rile you up and constructive feedback that you should consider paying heed to if you’re serious about growing your channel into something major and profitable.

The commitment to YouTube

For this to be successful, content creation must be your passion. And if you spend money on cameras and other high-tech equipment, it will probably take a while before you see any return on your investment. Consider your particular filming technique and remember that producing quality video material requires time and work.

What kind of earnings is possible on YouTube?

The most frequent query about YouTube is this one. Sadly, there is no easy solution. Although there are some generalizations out there, they are not definitive. According to a post on Intuit Turbo from January, the cost per thousand video views ranged from $3 to $5, although several factors might affect this figure.

The amount of views is the main factor. The revenue per thousand viewers increases as the number of viewers increases. The vast majority of YouTubers are completely unpaid. But the top athletes make millions of dollars annually.

Nate O’Brien and Graham Stephan are two popular YouTubers that I am aware of that have achieved success. Both of them easily make six figures from their YouTube accounts each year. Nate makes between $25,000 and $30,000 monthly, and Graham could soon become a millionaire. Both work in the field of personal finance.

Anywhere while that isn’t even close to what other YouTubers are making, it’s a more than decent side business income.

Read through the steps below if you’re prepared to establish your own YouTube channel. Remember that it will take some time, but a sound YouTube strategy can eventually pay dividends.

Step 1: YouTube Channel Creation

Make a YouTube channel and start uploading videos to get things rolling. Find a topic you’re truly interested in and use that to inspire you as you produce high-quality, interesting material that people will love.

Channel Type

If you’ve spent time on YouTube, you’re aware of the various channels available. There are other buckets, including ones for personal vlogs, educational content, and how-to channels. The important line is that your channel style needs to complement anything you plan to accomplish.

A family or personal vlog may be the best option if you want to reveal more intimate details about your life. An educational channel might be better if you want to highlight or share a certain skill set for your audience to benefit the most from your material. Channels that combine education and entertainment (sometimes with a personal element) are called edutainment channels. It is something I strive to do with the majority of the content on my channel and is typical among writers of personal finance articles.

Naming

Although giving your channel a name is crucial, try not to worry about it too much at first. The channel name can still be your name, but the header image should always reflect the theme of your channel.

As you develop your style, you’ll eventually want a moniker that sticks in people’s minds and accurately describes what your brand stands for. To have a personalized URL, you must fulfill several prerequisites. It’s a good idea to modify your channel name once you’ve fulfilled those conditions so that people can share the URL with others.

Step 2: Establish a Publishing Schedule

The truth is that it hardly matters how much or how frequently you publish. It’s important to stick to your timetable so that your audience knows what to expect. To help my viewers prepare and build anticipation for the upcoming video, a YouTube consultant I hired advised me to treat my channel like a television program.

In terms of content scheduling, this also enables potential advertisers to better understand what they’re up against. Despite the fact that there are numerous channels with daily material, avoid burnout. Many content producers make the mistake of believing they must consistently produce high-quality content on a regular basis, which is not always possible.

Step 3: Select the Equipment You Need

You can create high-quality content without the newest and best camera. However, you do require adequate lighting and reliable audio. Nobody wants to watch a video where the audio is muffled.

Having said that, you still need to find a way to distinguish out since more and more producers are launching channels. By no means is recording in 4K necessary, but I’ve been doing it lately to prepare my channel for the possibility that YouTube would favour higher-quality videos.

Here is a list of gear to take into account:

Camera

Panasonic Lumix GH5 for desktop recording
Canon EOS R for vlogging
iPhone — record it in 4k, if possible, to future-proof yourself

Lens

Sigma 16mm f/1.6 for desktop
Canon RF 15-35mm f/2.8 for vlogging

Lighting

Main Light — Neewer 200Ws Dimmable LED Video Light
Secondary Light — Neewer LED Bi-Color Studio Round Lighting, Ultra Thin Studio Edge Flapjack Light

Audio

- Desktop Mic — Rode NTG3B Shotgun Mic
- Vlogging Mic — Rode VideoMic NTG
- Microphone Adapter/Mixer — Beachtek DXA-Micro-PRO

Miscellaneous

Editing Software — iMovie and Screenflow
HDMI to USB Converter — CamLink 4k (currently sold out everywhere)
- Alternative option — Magewell USB Capture HDMI Plus

Step 4: Hit Release Optimize In your videos

Make an intriguing title first. In this case, depending on your topic niche, you’ll need to conduct some experimentation. But action-oriented games frequently perform the best. The directness of a video like “5 Easy Steps to Wipe Out Your Credit Card Debt” seems to draw people who have a lot of credit card debt.

Each video must also have relevant tags included. The first step in doing that should be to write a summary of the subject of your movie. It should cover the essentials, especially those most likely to resonate with your intended audience. Check the descriptions of the top competing videos if you need clarification on this. Keywords that describe the primary points you’re arguing in your video should be included in your description.

Please, please, please promote!

No matter how much you spend on a camera and lighting setup or how many YouTube videos you watch, the first video you publish will be terrible. Three years from now, you’ll be ashamed that you posted something on the internet for everyone to see. Even worse, it doesn’t get any better with your next videos—not even your fourth or fifth. Despite any minor changes, you’ll undoubtedly cringe a little when you watch those videos again.

Although everyone has a different learning curve, even after being on YouTube since 2011, there are ways I can make my videos better. It takes between 50 and 100 videos to find your flow finally. The simplest way to acquire helpful comments is to post your videos on social media and share them with your close friends. If you don’t know what’s wrong, you can’t fix it. Even if you might be ashamed of what you’ve written, spread the word about it widely and learn as much as possible.

Cross-promotion with other YouTubers or even bloggers is an additional powerful marketing tactic. They’ll bring you some extra traffic and raise your video’s visibility on YouTube if you can get a handful of them to link to it in their content, whether it be blogs or videos.

Continue publishing

Keep hope throughout this stage. Making money with YouTube takes patience, as I’ve said a few times. Continue to post regularly, to get better and to keep your eyes on the broader picture.

Step 5: Grow Audience

To succeed once you’ve established a channel, you need to attract a larger and larger audience. To accomplish this, you can use social media to spread the word about your channel, work with other YouTubers to create content and interact with your viewers through comments and private messages.

Create a business model for your channel to make money on YouTube. One thousand subscriptions and four thousand annualized viewing hours are required for this. The next step is submitting an application for YouTube’s Partner Program and making money from advertisements and sponsored videos.

Step 6: YouTube Channel Monetization

Use Google’s AdSense to make money from advertisements that play before your videos. You can start making money from adverts on YouTube once you’ve been accepted into the YouTube Partner Program and linked your channel to an AdSense account.

Utilization of Google AdSense

Ads aren’t the only method to monetize a YouTube channel, though. Here, companies will pay you to include ads for their goods and services in your films. It would be best if you had a sizable and actively involved readership to receive sponsored content chances.

With Google Ads or Adsense, earning money is the simplest process. In particular, this is a well-liked source of cash for newer channels on YouTube. The fact that Adsense is a passive revenue source is a significant benefit. When you add it to your videos, advertising pertinent to the subject of the video will appear, and you will receive a modest payment each time one is clicked. Typically, the cost per click will be a maximum of a few cents.

How compelling your video is and how strongly it encourages viewers to click through to the advertising will determine how many clicks you receive.

Adsense is simple to set up, and once it is, no further work is required from you. Similar to YouTube, Adsense is a natural fit as a member of the Google family.

The drawback of Adsense is the clear restriction that your earnings are based solely on the number of views your video receives. However, the advertisements might also irritate your viewers, particularly if you’re looking for alternative ways to monetize your films.

A new YouTuber should consider using Adsense. You’ll want to switch to other sources as your channel expands and your video views become more predictable.

Be aware that YouTube recently modified the qualifications needed to participate in its advertising program.

Affiliate Marketing

Affiliate marketing is where a person promotes a product or service in exchange for a commission on sales made through a special link. Annotations and the video’s description box are great places to promote affiliate products.

You may make product reviews as YouTube videos, much like a blog. For these reviews, thousands of businesses pay affiliate commissions to bloggers and YouTubers.

Let’s imagine, for illustration, that you produced a video reviewing a particular item. If visitors are intrigued by the product, a link will be provided for them to click. You will earn a referral fee if they decide to make a purchase.

Working directly with affiliates is frequently an option, particularly if you have a sizable YouTube following. However, many can also be found on affiliate marketing websites like CJ Affiliate or ClickBank. Any affiliates on either site you want to review will require you to complete an application, and your acceptance is subject to approval.

If you choose affiliate marketing, you must mark the “video contains a promotion” checkbox in your video manager to inform YouTube that the content is a paid advertisement.

Affiliate marketing serves as the main source of income for many YouTubers. This is especially true if they specialize in a certain field and have attained expert status. More paid sales and ad click-throughs result from that status.

Sell Products or Services

Making money on YouTube can also be accomplished through selling connected goods and services. Products may include ebooks, online courses, or physical goods.

YouTube is a great sales medium if you have a line of either a product or a service to sell. You’ll produce educational movies, and customers can place direct orders by clicking a link that appears in the video.

This is most likely a more sophisticated YouTube monetization strategy. Not only will you require a workable product or service, but you’ll also need to offer it with complete credibility. Being knowledgeable on the issue, as well as what your rivals are providing, will be necessary for that. You must give a strong argument for why your product satisfies the needs of your audience.

To put it another way, you must be an excellent seller. YouTube is a site where you can automate your sales pitch more than any other. YouTube enables you to reach thousands of people in a couple of days rather than just one or a small group of individuals.

You may definitely guess how your sales might increase as a result!

Crowdfunding

If you have a devoted following, you can turn to websites like Patreon to raise money from your supporters.

Brand Sponsorship Deals

Brand sponsorship agreements have been my YouTube channel’s main source of income. The one I performed that paid the greatest was between $20,000 and $25,000.

In almost every case, brands want to collaborate with experts and influencers. That was personal finance, in my instance. I’ve established my authority using both my blog and YouTube. You can access brands through those means.

Brand sponsorship agreements are frequently detailed and demand more work than typical YouTube videos. They can want you to promote their goods or services on your website, in a blog post, or even in addition to a YouTube video.

When you do, it’s often for a set price that is paid over time in installments. Of course, the sponsor reviews and approves of your YouTube presentation. Each year, I receive several of these offers, giving me the luxury of selecting the ones I want to collaborate with.

Brand deals are not something that new YouTubers can use to their advantage. Due to the success of your channel, the brand is paying you to sponsor their product. Although it’s one of the finest ways to monetize your YouTube channel, you’ll need to wait till you have a larger audience.

In conclusion, success on YouTube is only possible with significant time, energy, and imagination. Expanding your viewership is only useful if you produce what they want to watch. With a sizable and devoted following, you can earn money from your channel through advertising, sponsored content, affiliate marketing, product sales, and crowdsourcing. With hard work and dedication, you can make money off of your YouTube account.

Creating a Profile on YouTube

Creating a YouTube account is a simple process that only takes a few minutes to finish. A YouTube account can be created by following these simple steps:

The YouTube home page reads: Launch your preferred web browser and head to YouTube’s main page (www.youtube.com).
Initiate the login process by selecting the “Sign In” link: There is a “Sign In” button in the top right corner of the website. Go ahead and tap the link.
To sign in with Google, you only need a Google account, which you can create for free. Log in with your email address and password, and then press the “Sign In” button. To sign up for a Google account, select the “Create account” option if you don’t already have one.
Sign in to YouTube, then click the “Create a Channel” link to start making your channel. After that, you’ll be prompted to give your channel a name, which can be modified later.
Personalize your channel by uploading a profile picture and a cover image after you’ve set it up. This is crucial because it will make your channel more noticeable to your viewers.
YouTube may ask for your phone number as a form of account verification to prevent fake channels. Easy and fast, you must enter the verification code we text to your phone.
Integrate your other social media accounts. If you have a presence on other platforms, you can make it easier for people to locate and follow you by connecting them to your YouTube channel. Access your connected accounts by visiting your channel’s “Settings” section.
Now that your channel is up, you may add new content. Be sure your films are interesting, informative, and tailored to your target demographic.
Do SEO on your videos to boost their exposure online (SEO). It is important to provide your videos with appropriate names, descriptions, and tags.
Finally, it’s important to interact with your viewers by replying to their comments, soliciting their opinions, and sharing links to your channel on other social media sites.

Summary of YouTube Moneymaking Strategies

In order to maintain a profitable YouTube channel, you must persist in your efforts. This necessitates a constant output of excellent material. Those who have found success on YouTube through advertising do this constantly.

My other sources of income have prevented me from making such a long-term commitment. To be sure, I no longer think YouTube is a good way to make money, but I do think it works faster than my main blogging employment, and that’s saying something.

My motivation for posting videos on YouTube has never been to make money. For sure, I’m relieved to finally have a positive cash flow. YouTube’s algorithm has great potential, but for me it’s more of a challenge to learn how to use it effectively.

But if making money is your primary motivation, your YouTube channel needs to be managed like a business.