7 Easy Steps to Earn Money from Youtube in 2018
7 Easy Steps to Earn Money from Youtube in 2018
Can you guess…
how much can be earned from youtube?
The Wall Street Journal reported that PewDiePie (A famous youtube channel) earned $4 million in 2013 alone.
$7.5 million is approx 50 crore Indian Rupees!! Isn’t it exciting if you can earn just 1% of that by starting your own youtube channel?
Next year, the Swedish magazine Expressen reported that it’s production company, PewDie Productions AB, earned around $7.5 million in 2014, most of their revenue was from their youtube channel.
I will not promise that you will become a youtube celebrity overnight but if you start taking small steps you will definitely start earning money from youtube.
I will show you how simple people like you and me, are making their living from youtube (and they are making really huge money). I will also share tools and procedure to get started and how to make money online without any investment (from multiple channels).
If you thinking:
That he is not Indian, so it was easy for him to earn money from youtube. Then you are underestimating Indians.
Steps to Start Earning Money From Youtube
The money will not happen on the first day of starting your YouTube channel. I will guide you through the process of starting a youtube channel, what resources are required and how to promote.
But I would suggest you to buy a few courses on making videos, digital marketing and whatever skills you need to grow your business.
#1. Create Youtube Channel
You can start your youtube channel just by logging through your gmail account but that solely, will not give you any money. To make money, you must follow all the steps described under the heading how to earn money from youtube (below).
- To start, open youtube.com with your Gmail account.
- Click on the bar beside the Youtube logo on the left corner.
- Click on My Channels from the drop down menu (as shown in the image above)
- A box with heading ‘Set up your channel on YouTube’ will appear, with your name highlighted.
- Update channel with your personal information.
#2. Find a Niche for YouTube
Selecting your youtube channel niche for earning money is much related with your hobby or passion for a work.
- You sing loud in the bathroom? Let the people know that you can sing.
- When you teach someone, they understand it better? Let’s teach the world on youtube.
- You have a beauty sense, or you know about the pros and cons of brands in the market, why are you hiding then? People are eagerly searching for someone who can tell them what they should wear.
- You love your dog or your cat. Let people know. Let them know how to love their pets. Or make them laugh with your pet’s videos.
- Do you sleep too much? People, out there are taking sleeping pills. Let them understand how you forget your daily struggle and fall asleep, teach them the way of keeping calm (Yes even this too can help you make money. No? search on youtube).
- Become a storyteller now!
Make money by mimicry & comedy on youtube
Sometimes we copy our favorite characters. My brother used to imitate Louie Duck of Ducktales. If you are creative with comedy and you can entertain people with your mimicry, or comedy, or singing or drama you have a great potential to make money out of your youtube channel.
There is a youtube channel BB ki Vines with a unique concept of playing different characters by a single person Bhuvan Bam. Bhuvan is doing comedy in his unique way. You can also do anything more creative than him.
Home makers can share recipes on youtube
Cooking videos are attracting loads of viewers on youtube. Who does not want to eat a delicious food? But most of us do not know how to cook. If you have a passion in cooking and you can guide people to make awesome food in simple steps, then you can make a high grossing youtube channel. Watch Mallika Badrinath is making a massive fan base with her creativity and passion in cooking. You can convert your gas stove into money machine with the help of youtube.
“Nisha Madhulika, a 57 year old housewife from NCR, with her passion for cooking, have a potential income of $502,819 through her youtube channel started in mid 2011.”
This report from Economics Time will help you find more such common Indian people who are becoming stars on youtube.
Earn extra cash by teaching on youtube
We are living in the knowledge era. Now no one waits for any confusion to be solved by a professional teacher. All you have to do is to google your inquiry. There are a lot of text, images and videos available to you within a second.
If you have a passion for teaching and you think you can add value to anyone’s life then you can become famous on youtube easily. You can do this part time as well to earn money online. Teach people about competitive exams like Board papers, Graduation exams, Bank exams, IIT, or any such professional or curriculum courses. Watch Banking Careers for reference.
Do you love to meet famous people and ask questions about their life? Questions you put in front of your friends, bring the most curious things out of them? Or do you love interacting with famous people or people who are doing great in their lives?
Do you have a friend (or you can hire an employee) who can shoot your video when you are interviewing someone? If a yes is popping out of you, then making a youtube channel for interviewing is for you. You can earn a living through your channel as Lakshmi Rebecca is doing.
Update: Now she is not only doing interviews but she is traveling the world and sharing her awesome moments with her audience. Look how she has become a celebrity by herself.
Make your profession a youtube sensation
Sing and make youtube audience fall in love
Shraddha Sharma, a 21 year old musical sensation now, has a subscriber base of 202,206. She started simply by singing with guitar strumming and uploading a self-recorded video on youtube. She was just a kid when she was becoming heartthrob on youtube during her initial days. Now she is a fame Youtuber.
Overwhelmed?
Here is something more concrete from youtube’s creator academy…
What is that one thing that people around you never tired praising about you?
- Think, and come up with a niche for making video content.
- Do your initial research whether you can make money from this niche or not. Find people who are already doing something related to your niche. Ask them for guidance.
- Check whether your niche fall into this equation,
If your niche fits into this equation, start a youtube channel now.
In short, you can review videos, record your life and inspire others, record your thoughts and motivate people, record reaction/stimulation of human or animals, make instructional (teaching) videos, perform in one way or another (dance, speech, body language), make song cover videos, almost anything you can do to monetize your talent.
#3. Develop Content Strategy for youtube videos
If a video goes viral, it is awesome. This is the simplest ever definition one can suggest in this era of virality but if you have a plan to earn through Youtube, learn this definition by heart.What? How a video goes ‘Viral’ then!
No expert says that Virality has a definition. And indeed it can’t have a constant definition because the definition is changing every day. But the vital fact is this,
Content is king of the viral kingdom. A good content always rules.An awesome video can be made viral if it is sharable:
Here is how marketers at Addidas develop their content strategy…
Once you have created a video keeping these points in mind, you have made a high value video. Here comes the second step where you will increase the pace of popularity of your content, we call it Promotion.
#4. Link your Youtube channel with Adsense
Until this point, I have given you all bows and arrows to conquer the youtube virality. I have also covered the methods through which Youtubers earn money.- Login into YouTube.com and click on My Channel as described earlier.
- Click on Video Manager just below the search box on top, as shown in the figure.
- A navigation menu will appear on the left side. Click on CHANNEL.
- Click on the Enable in front of Monetization, as shown in the figure.
- Click in the boxes after reading their terms and condition as shown in the figure and click on I accept, then got it.
- Monetization will be added under Channel heading and your YouTube partnership program will be activated.
- Now click on this Monetisation
option. When a window on right will appear with Monetisation as heading,
click on ‘how will I be paid?’ as shown in the figure and click on ‘ associate an AdSense account’.
- Click on Next below (You can read about AdSense in right).
- A window as shown in the figure will
appear. You can either sign in with your existing Gmail account or can
create a new one (If you are a novice, click on sign in).
- Fill in all your information and click on Continue. (Sometimes it may ask for your password).
- Fill in the details in the specified boxes and click on Submit My Application.
- You will be asked to verify your mobile number. Choose option at your ease.
- Congratulation, Your AdSense Application has been submitted.
In this world of versatility, we can earn even without being a partner with YouTube.
#5. Use Best Tools for Videos
If I ask you, how will you make a video? The first name which will pop up in your mind will be Mobile. Mobile (means smartphone here) is indeed the best option during your initial days when you are not earning money and all you have is your savings.
There is no doubt that you can record a good video from your mobile phone, but if you want to record a good quality video, you must buy a webcam. And gradually you should hire a professional video maker.
There are free tools which every Youtuber must use.
Tool #1. Google Keyword Planner
A keyword planner helps you to choose those keywords as hook, which people who are searching for on search engine, will come to your video following their search. You must choose the keyword (most of the times title of your video) wisely to get organic audiences.
Tool #2. Evernote
While recording your video, you have to speak a lot and anything spoken wrong will lead to further editing or if left, it can send a bad impression to your audiences. With evernote you can note all the main points you have to speak with a slight detail. And your data can be accessed from any device, at any place if you have an internet connection.
Tool #3. Text to Speech app
Sometimes only watching videos are not sufficient for your audiences to get what you speaking into it. In that case you will have to type your speech word by word. Or you have to invest some money to hire a person who will do this for you. But by TTS, all you have to do is play your video and put the microphone of your mobile near the speaker and putting on the TTS on your phone. This will convert all your voice into text (yes with some error but still a much large part will be covered). Just edit it once and your subtitles are ready.
Tool #4. Picture editing tool
(PicMonkey, Canva, Pablo of Buffer): Every video contains some images to make the people understand more clearly but every pic that you take is not necessarily perfect. With these few pic editing tools you can make your pic more engaging.
Tool #5. Social media campaign
(Buffer): Buffer is a social sharing and scheduling application. Once you are ready with your video, share it on and on, on every social media channel (as we have discussed initially). To do this, you are not always available. So you just schedule all your social media campaigns in one sitting on Buffer all for a whole week. Now if you do not get time, or you were busy somewhere, then also your campaign is running in full pace, uninterrupted.
Tool #6. Tube Buddy
Adding annotations or cards to your videos is made easy with this browser based tool. The thing that most attracts me towards this tool is, the search function. As we can Find and Replace a particular phrase on word processor, so can be done into a video with this tool.
Tool #7. Analytics
(Socialblades- free, Vidooly- paid): Analysis is necessary for any campaign to be successful. These tools will help in optimizing the youtube traffic and to know exactly, where the campaign is hitting and where is it loosing . Yes it can tell you what time is best to tweet or do a facebook post or schedule a post on any other social platform which will tell people that you exist and they will come to your channel, following your that post back.
Apart from these tool, there are many tools in competition with them and few other types of tools which can help you in improving your channel content and viewership. I read a medium post on 28 tools for youtubers and it is worth reading.
#6. Promote
Promotion of a video starts with your content idea itself. People have a tendency to share their innovation with their loved ones and the loved ones to their loved ones. Saying that when you start making a video, people around you become curious about the completion of your project.
These people are your initial viewers. Start promotion with expanding this thought to your marketing strategy and thus it will be your first step:
- Click on Video Manager just below the search box on top, as shown in the figure.
- Social Currency: It’s an old African saying that “It takes a whole village to raise a child”. To make your video go famous, it must be liked and shared by your social circle. This is your Social Currency, which will multiply at the latter stage. To earn social currency, share, what you have created, with all the people you know. Engage them by sending e-mails, tweets, Facebook shares, LinkedIn and every source you are using now.
- Time to expand: Use as much video platforms as you can. Go find your audience on Dailymotion, Vimeo and Flicker. Use these platforms too, to get shared. This will strengthen your channel’s popularity, and if you drop your channel link with your video, people will come tied with that link to your youtube channel. (It has one more benefit. If you will put your youtube channel’s link on other platforms, it will be a Dofollow link. This Dofollow link will increase your channel’s PA and it will rank better in search result).
- Social Appearance: Let people on the internet know that you are doing something. Increase your social presence. Explore your idea everywhere into the social platforms, and expand your presence to different platforms you are not using like Google+, Reddit, Myspace and Quora.
- SEO: Focus on SEO strategies and let your channel get listed on top of every search related to your niche. Although nowadays people have different opinions for SEO, but this is a thing that does not deserve to be get ignored. If you can afford time and strategies, you must go for SEO optimization of Youtube Channel.
- Mutual Collaboration: ‘You refer my content, and I will do the same for you’
Once you have few viewership, from the above steps, ask channel within your niche (but not your direct competitor) to advertise for your channel, or you collaborate with them to get visibility to their audience. This way you will accumulate their audience, and you can also do this for them (or you can support them in some other way. Do not worry, they will ask your support when they will need it. It is completely a “Give and Take” relation).- Paid Advertisement: You can use the paid promotion system of Facebook, Twitter or youtube to promote your channel on social media. You can also opt for paid youtube promotions, called Youtube Ad Campaign. But it is not advisable to go for paid services into your initial days. Once your incoming viewership gets saturated through all the previous steps, then you must go for paid campaign.
#7. Monetizing Youtube Videos
The famous way to make money from youtube is through advertising. Advertising has been present since youtube was born and is still playing a major role for youtubers to make money. Here is a quick overview.
You can read this quora thread to know more about how much does youtube pay per view.
But earning from youtube is not limited to CPM (Cost Per Thousand Impression), you can make money on youtube by many more methods.
Ideally, there are five ways which have proven, with time, to be the best methods to earn money on youtube.
- Advertising: (Obviously CPM, I have included it here to show you all at one place) Youtube ad revenue sharing is the highest opt method for earning money on youtube. You can link your youtube channel with Adsense (Detail below) and enable Adsense ads on your videos. Now for every view on your channel, you will get 55% of the ad revenue. Youtube keeps the other 45%. On an average you make $1 to $2 for 1000 views on your video.
- Affiliate Marketing: Giant marketing agencies are not completely dependent on their own channel of content distribution. They pay a good amount to the channels who already have a fan base. This can be done in simple steps. Approach any affiliate marketing agency in your niche, show them your audience and when they agree, link one of their products into your video description. The marketing agency will pay you a decent cut from every conversion. This amount can be anything from Rs. 100 to Rs. 1000 for every conversion through your link.
- Direct Promotion: Widely used as sponsorship. The advertising company pays you a fixed amount for their collaboration with your youtube channel. You can call it another form of affiliate marketing with a slight difference. Here you will have to show a description of their products into your video. In exchange , they will pay you certain amount which can vary from Rs.5,000 to any amount you are able to charge depending on your popularity.
- Paid Videos: Paid youtube videos are emerging as a unique and high gross source of income. Here you give highly valuable information to your audience by charging them with a price tag on the video. This way, you do not have to share any revenue with anyone i.e. all that you make is yours.
- Crowdsourcing: Like Wikipedia, there are many non-profit websites which give every information for free and they do not put any ad to earn revenue. But to keep the website working, they need money. So they ask their audiences to donate money for their expenses. Like that, you can also give free information to anyone and ask them for a favor. Believe me, people donate a huge amount to these channels.
Earning money from home now a days is not tough when all the internet is flooded with loads of option to make dollars. All you need is a determination to perfect your skill and show people what you learned till now and share with them what you are planning to learn. They will come to you for your next episode
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