Nowadays, it is getting easier to make money online through different platforms. People with access to the internet can make use of the increased accessibility to the world. One thing for sure is that YouTube stars seem to earn a lot of money. Within a couple of years, they can be seen to go from rags to riches. This brings us to the question of how to make money on YouTube? This article will explore some of the ways where you can benefit from this platform and make your life better.

How to Make Money on YouTube

It is a common misconception that the only way to make money on YouTube is by having lots of subscribers. This, however, is not true. In reality, there are many different ways to earn money on your video uploads. The first thing you need to do is fix your settings.

How to Make Money on YouTube
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YouTube will not start giving you money automatically. You need to enable monetization on your account. Once you monetize your channel, you can earn money depending on how much you engage with your audience and what niche the videos are aimed at.

So, the first thing you need to do is figure out which audience watches your videos the most. This way, you can cater solely to them and get more views on your videos. You can figure out who the target audience is by looking at the metrics provided by YouTube itself. By seeing which age groups watch your videos, you can make your videos more captivating and enjoyable according to their preferences. The image below shows an example of how you can track the age group that watches your videos the most.

audience watches your videos
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Monetize Your Videos

If you’re interested in how to make money on YouTube, it’s through ads. For this, you will have to join the YouTube Partner’s Program.

Monetize Your Videos
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When you have 1000 subscribers and have at least 4000 views on your videos, then you can apply for monetization. Once you have agreed to all the terms and conditions, it is vital that you create an AdSense account. In your video, it is up to you to add 10, 15 or 30 seconds ads. The viewer must see or click on the ad in order for you to earn money.

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Another way of earning money is by joining a program called YouTube Premium. This program is a membership program that you must pay to be a part of. The main benefit of this program is that you will not have to put ads in between your videos. This way, you will earn money according to the number of people who view your videos. However, the only people who can see your videos are the members. Thus, as a YouTuber, you can earn money from AdSense on your normal account and the YouTube Premium program.

YouTube Premium program
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Once you are fully established on YouTube, you can make your own merchandise such as sweatshirts, hoodies and mugs and sell those to your subscribers. This is a common stream that many creators indulge in as it is very lucrative. Your loyal fans will love to support you and will buy everything you put out.