Top 3 Ways to Make Money on YouTube Without Adsense
Making videos on YouTube can be very lucrative if executed correctly. Unfortunately, many beginner YouTube creators
believe that if they make quality videos, and allow ads to appear on
their videos, the cash will begin to flow in. However, many of those
creators come to find out that YouTube is not a sustainable income
source. In fact, while it is impossible to give an exact number, you can
estimate that a video will make a dollar for every thousand views.
Related: How to Start a YouTube Channel
Why
does YouTube pay so little to its creators? First of all, let's
remember that this is YouTube's platform and it doesn't have any
responsibility to pay its creators, but it chooses to regardless. You
also have to keep in mind that there are many hands that the money from
advertisers goes through before it gets to you. It starts with the
consumers, who pay the advertiser, who then pays YouTube, who finally
pays the creator. By the end, there isn't much money left over. So, what
can creators do to quickly use YouTube to create a sustainable income?
Affiliate marketing
This is one of the most popular methods of making money on
YouTube. Affiliate marketing is marketing in which you sell other
people's products and take a commission for each item or service you
sell through a special URL that is linked to your account. While so many
companies have affiliate programs for which you can make a commission,
one of the most simple, and most popular, programs is Amazon's Associates program, which starts the commission at 4 percent.
When you sign up for Amazon's program, you will be taken to your portal where you can search for virtually any item on the Amazon marketplace,
and create a special link for that product. All you have to do is make a
video highlighting a product that you love, tell viewers to click the
link in the description if they are interested, and let your commissions
roll in. The best part is that once your viewers click your link, you
will receive a commission on anything that they purchase on Amazon within the next 24 hours.
Selling your own products
We
are of the understanding that YouTube will pay us a fraction of a penny
of what they make from an advertiser. Affiliate programs such as Amazon
will give us a larger percentage of sales, but what if we wanted to
make 100 percent of the revenue and have full control of the money
coming in? To do this, you need to sell your own products.
For
example, let's say you create a mini online training program that you
sell for $50. You will want to make a video that provides immense value
and then at the end of the video pitch your course to get more value. At
1,000 views on that video, YouTube AdSense will pay about $1, but if
you were only able to convince 0.5 percent of your audience to purchase
your course (five viewers), you will make a total of $250 in revenue
from your own product. Therefore, not many people are required to
purchase your product to make more money than what YouTube will pay.
Related: Who's the Next PewDiePie?
Consulting
Ultimately, the fastest way to make money on YouTube is to give value of some kind.
Uploading videos and hoping for the best is not enough. After gradually
attracting your targeted audience, periodically pitch your consulting
services for your viewers to receive even more value than what they are
already receiving. Your goal should be to make your audience think, If
I'm getting this amount of value from free videos on YouTube, imagine
the amount of value I'd receive from a paid one-on-one consulting
service. At that point it would be a no-brainer to pay you for your expertise, knowledge and time.
In
my experience, many creators who get started on YouTube believe that
they just need to upload videos to YouTube, turn ads on and let the
compensation roll in. This is only true if you are looking to make a
non-sustainable passive income
from your videos. If you are looking to grow a brand and a business, be
sure to provide value and sprinkle in these other income streams.
Remember though, the only way each of these ways to make income with
YouTube will be effective is if you provide value first, so let that be
your focus and the compensation will come more naturally.
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