hey so in this video I'm gonna share
seven different ways you can monetize
your YouTube channel so that you're not
relying on one source of income I think
this is the biggest mistake that people
have when they start a YouTube channel
they think that they can just make all
of their money from a YouTube ad revenue
which certainly is nice to have YouTube
ad revenue can be great depending on the
you can get anywhere between one and ten
dollars per thousand views on YouTube in
revenue so let's talk about those seven
different ways you can make money on
YouTube I'm using a variety of these and
some of these took quite some time to
actually build up and think about you
know ways to monetize this but some of
these you can make thousands of dollars
off of and I think it's just a great way
to make extra income off of these
variety of different sources so let's
get started with this the first one that
we're just gonna briefly touch on it
it's a YouTube ad revenue very obvious
but you can't rely on it entirely you
know there's those channels who will get
D monetized but also there's people you
know you have to have a thousand
subscribers in four thousand hours of
watch time to get monetize on YouTube a
lot of people don't have that yet but
you can still make money without having
that threshold without having a thousand
subscribers you can still make thousands
of dollars with a few hundred
subscribers I truly mean that I know
people will do it and it's very very
possible you're probably gonna find that
out in this video so rely on YouTube ad
revenue is not the best thing to do I
wouldn't do it but it is certainly
something that does help and definitely
is a bonus to you know growing your
income on YouTube so ad revenue is one
but the next one is for people who are
creating videos that are more so
informational or educational see there's
really two routes to go on YouTube you
can go the entertainment route or you
can go the educational route now I tend
to go the educational route on YouTube
because that's just the type of person I
am I'm not very entertaining but you
want to really consider which way you're
going on YouTube because this is gonna
kind of help you decide how you're gonna
monetize your channel see the people who
are going in the entertainment route say
like Casey nice tat or PewDiePie or
maybe like Logan Paul or something like
all those people who have millions of
subscribers what they do
so one of the best ways for them to
monetize is just by selling merchandise
because they're entertainers so people
will buy a t-shirt that just has like
their name on it if I try to sell a
t-shirt with my name on it nobody would
buy it because nobody
about me they care about more so the
information that I'm trying to provide
on my channels right so because of that
I'm not gonna go out and try to sell
merchandise because I'm using
information and I'm trying to provide
information and education and people
just it's not as hype it's not as cool
to you know sell merchandise for that so
it's much more difficult to do that on
the information side but if you're an
entertainer if you're creating vlogs or
something that's you know video creative
or something you can probably consider
selling merchandise you can do print on
demand t-shirts or a different type of
clothing or different types of products
that you can sell with your name on it
and make a lot of money off of it look
at like the Kardashians are making
billions of dollars by selling makeup
and who knows what else they sell but
they're making a lot of money because
it's their personal brand and they're
essentially entertainers now merchandise
is one you can use like teespring or
some type of print on demand things to
not even have to touch the product and
just sell it through YouTube basically
drop shipping it almost in a sense now
if you're more so of an informational
type of channel there's some other ways
you can make money instead of trying to
sell merchandise and that is by selling
and digital products information product
so we're talking about online courses
we're talking about ebooks or even
actual just physical books but selling
something that has information in it so
that's probably the best route for
people to go who have those
informational educational style channels
and what are the best things about this
is that once you create this product you
can essentially create it up front and
then make money off of it for literally
years to come so some people would write
a book and then 40 years later they're
still making money off of book sales
that they're selling so there's a lot of
possibilities behind this but it's it's
very very scalable I think the future is
certainly digital courses people are
using things like you to me or even
their own digital course sites like
quick funnels and whatnot to make a lot
of money but also help a lot of people
in the process you look at how much
college costs it costs a lot of money so
people are going to learn some different
ways and that's through the internet so
I think it's a great option for people
who have those informational channels I
don't have any digital courses at the
moment from my channel but it's
something that you know most people
would want to consider going forward in
the future now there's there's really
two ways to go with those digital
courses you can go with monthly or
recurring
subscriptions or you can go with a
one-time sale you could sell like a
digital course for like $100 or $200
that might sound like a lot of money but
there's also people who are selling for
$2,000 it just depends on how much your
values actually provided in that actual
content but you want to consider how you
would do this when you do a monthly
subscription of say you know twenty
dollars a month or when you do something
that is an upfront one big lump sum fee
and then you're probably not gonna have
recurring customers on that so consider
that if you are going to go the digital
course route so the next one I think
everybody should be doing this
regardless of what type of channel you
have entertainment or education you
should be doing affiliate marketing this
is so easy to do you just put a link in
the description for a certain product
even if it's just your camera I think
everybody should be doing it so for
example I could put a link to this
laptop right here actually I guess I
will put a link to this laptop right
here and my camera and down in the
description below in this video right
now now if you click on that link and
you happen to buy something on Amazon
the next 24 hours I'm gonna get a
commission on anything and everything
that you buy in the next 24 hours on
Amazon it's probably anywhere between 1
and 10 percent commissions so I'm not
gonna get that much money but if you
spend a thousand dollars on Amazon so
you buy this laptop right here for
$2,000 right
I might get 4% on that so I might get
like you know 70 or 80 dollars if you
buy this laptop right now on Amazon and
all I did was just get you to the
website so affiliate marketing everybody
should be doing it it's not just
physical products you can sell digital
products as well sometimes all market
products for some of my friends and get
a 50% Commission on some of their
products that could be worth you know
$1,000 or $2,000 and that's instantly
$500 in my pocket just by marketing
somebody else's product I mean it's a
great route to go
for anybody and everybody they should
all be doing affiliate marketing at
least some some small affiliate
marketing to you something like Amazon
Associates so just look into it the next
one though is for people who are maybe
creating channels that are a little bit
more difficult to monetize maybe you're
doing something for a cause or maybe
you're talking about politics that's a
rough one I'd be careful talk about
politics on YouTube but you could
consider starting a patreon account and
asking for donations now you can't have
to decide like is this something that
would fit into your channel and some
people it's just a lot easier for them
to ask for donations than others for
myself since one of my
chance is a business channel and and you
know showing people how to make money I
think asking for a donation so it kind
of be strange and counterintuitive it
wouldn't make any sense so I don't do
that I don't ask for donations but if
your channel is fitting for that then I
would consider just starting a patreon
account and you'll get monthly people
who are essentially just donating to you
maybe $5 or $10 a month but it adds up
and there's some people out there who
are making like 20 30 40 thousand
dollars a month from patreon just from
donations recurring every single month I
think it's a great option for people it
really is it's something you should
definitely look into something else you
can consider doing is just simply
sponsorships so if you've watched videos
you probably have seen how this video is
sponsored by Squarespace you see it all
the time this video is not sponsored by
Squarespace though I wish I don't
response this on this channel it's not
big enough yet but we're gonna get there
but you can get thousands of dollars per
month I know people who are getting
thousands of dollars per month by simply
just mentioning a company in their video
they'll maybe briefly talk about it for
fifteen or thirty seconds in the
beginning of their video sometimes even
at the end of their video and then get
thousands of dollars for doing that
simply by mentioning that company so
there's a lot of ways to do this but
there's certain websites that it can
actually kind of help you find those
sponsors I can't remember all of them
off the top of my head and I don't wanna
see them right now because they might be
wrong so I'll maybe just leave some
links to those down below or I'll
mention them in the description in this
video once you can use to essentially
connect with sponsors so sponsors like
this because they can find youtubers and
influencers and then youtubers like this
because they can find sponsors it's just
kind of like a hub for both people to
meet each other and set up that
sponsorship to start getting money
flowing in for maybe you're just wearing
somebody's shirt or or product in your
video or drinking one of their products
and one of your videos and you can get
paid for it so it's pretty cool
sponsorships been around for a long time
but it definitely is something that
could be very very valuable now another
one that you might wanna consider doing
and this isn't a scalable it's something
that I do on my channel but it's
consulting see consulting it's not
scalable
as compared to something like digital
products or online courses where you're
able to create it and then make a lot of
money sell it to thousands of people
while consulting you're doing one-on-one
so I get on the phone with people and
help them grow their YouTube channels
and it's it's something that you know
is not very scalable in the sense where
I might spend an hour talking to
somebody and that's an hour just
one-on-one with that person so you know
it's hard to do more than then a couple
per day really being realistic about it
so I think it's a great option for
people who are starting off who have
relatively smaller channels or just who
don't mind getting on the phone and
talking to people one-on-one but it's
definitely something that you know you
want to consider phasing out over time
it's not going to be pragmatic over the
long run if you have the five hundred
thousand subscribers and you have you
know hundreds of people per week trying
to get on the phone with you it can be
very difficult to do that but for now
something that I do and you know you can
charge a couple hundred dollars per hour
to provide information so that's what I
do and it's something that I enjoy doing
so so those are the seven ways that you
can make money on YouTube but like I
said you don't have to have a thousand
subscribers and four thousand hours of
watch time to get started with this I
think you can find one of these in this
video and start implementing it today on
your channel and look if you find value
on this channel make sure you subscribe
drop a like on this video share it with
anybody who wants to start a channel for
themselves and thanks for watching I'll
see everybody next time
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