How to Make Money on YouTube: Compelete Guide
Your step by step guide on how to make money on YouTube in South Africa.
With over 14 billion monthly visitors, YouTube streams 694,000 hours of content on average every minute.
Many video producers are making money off their videos now that they've realized the platform's earning potential.
In 2021, YouTube alone brought in $28 billion USD in income from adverts.
Many YouTubers have achieved millionaire status, with cumulative profits that exceed those of many Fortune 500 corporations.
Although there is no assurance that you will become a billionaire, there are several advantages to listing your company on YouTube.
Here are some of the most well-known YouTube channels, followed by instructions on how to start earning money there.
How To Make Money on YouTube in South Africa
Ad Revenue
When most people think of how to make money on YouTube, they picture placing YouTube adverts on their video material.
The host channel receives payment when a person sees the advertisement for at least 30 seconds or clicks it.
Advertisers will typically pay $0.18 for each ad view.
By this calculation, you would earn $18 for every 1,000 YouTube views.
You only receive $9.90 after Google (the owner of YouTube) deducts 45% of the money.
This might not seem like much on its own, but when you consider that some of the best YouTube performers consistently receive millions of views over numerous videos, the money starts to pile up.
You must sign up for the YouTube Partner Program in order to display advertising on your YouTube channel.
Your channel must have received at least 4,000 hours of total viewing time and at least 1,000 new subscribers in the past year to be eligible.
When you are qualified, you can sign up by doing what is described below:
- Log in with your YouTube credentials.
- Click the your account symbol in the top-right corner, then choose YouTube Studio from the dropdown menu (beta).
- Hover your mouse over Other Features in the left menu and choose Monetization from the dropdown menu.
- From here, you will be prompted to read and accept the conditions of the YouTube Partner Program, register for an AdSense account, and select your settings for monetization.
- Your account is being examined.
- Usually, the evaluation procedure takes a week.
Affiliate Marketing
In contrast to YouTube advertising, affiliate marketing does not call for you to sign up for the YouTube Partner Program or meet any minimum requirements for views or subscribers.
When a business uses affiliate marketing, you receive a commission on any sales made as a result of traffic from your channel.
An individual affiliate code or affiliate link is typically used to track this.
Sponsorships
Undoubtedly the most challenging, but also one of the most rewarding, ways to generate money on YouTube is through a sponsorship.
Before a business thinks about sponsoring you, you should already have a sizable fan base and significant impact in your field.
Being sponsored on YouTube has the advantage of not having a rigid framework as YouTube advertising do.
Instead, depending on your specialization and amount of followers, YouTubers and advertisers will draft an agreement and determine the conditions of payment.
It's crucial to keep in mind that YouTube sponsorships might pose certain risks to both sides.
When a YouTuber partners with a major brand, there is a chance that their followers will perceive them as having sold out or as having lost their authenticity.
Losing viewers and subscriptions might be the effect of this.
Additionally, sponsorship may be dangerous for businesses.
Disney, for instance, was forced to stop sponsoring PewDiePie after discovering that his YouTube videos contained inappropriate content.
Instead of thinking that a YouTube influencer is speaking on their own behalf, brands may mistakenly treat them like a hired actor spouting pre-written promotional lines.
As a result, it's crucial to establish early alignment between the two sides.
Fan Funding
Direct donations from your subscribers on YouTube are a further method of income generation.
YouTubers who are members of the YouTube Partner Program can join up for YouTube Super Chat without having to enroll (instead).
According to the amount donated, viewers can pay a nominal one-time price to have their remark pinned and promoted at the top of the comments stream for up to five hours.
The website Patreon offers another method of supporting YouTube fan accounts.
You may create a gated channel for paying subscribers exclusively using Patreon.
The monthly price is chosen when creating your account and may be a terrific method to provide devoted subscribers access to special material.
Channel Merchandise
This final strategy focuses more on using your YouTube account to market your company than it does on passive income.
It's a fantastic opportunity to increase your revenue by marketing your own company or offering your own clothing line if your channel has grown sufficiently to earn money through some of the possibilities mentioned above.
It's important to note that many of the highest-earning YouTube channels diversify their revenue streams and employ a variety of revenue-generating strategies in order to maximize their profits.