How To Make Money On YouTube In 2023 (Best Strategies)

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How To Make Money On YouTube In 2022 (Best Strategies)

Five Billion YouTube Videos Are Watched Every Day. YouTube Is As Popular As Ever With Users Spending An Average Of 40 Minutes Per YouTube Session.

In line with this digital shift, the next thing you should learn is how to make money on YouTube. All you need is video editing software and a computer and you can get started on YouTube.

Making money on YouTube is no longer exclusive to a select few platinum musicians, specific entrepreneurs or huge influencers. There are plenty of opportunities for everyday people to make money from YouTube.

You Have To Be More Strategic In Your Approach.

Now In The article, I’ll go over the different ways you can start making money on YouTube this year.

So, Let’s get started.


Ways to Make Money on YouTube

While it is possible to make significant income from your YouTube account as a content creator, it is not the easiest either. 500 hours of video are uploaded to YouTube every single minute across the world.

Numbers don’t lie. Therefore the competition is pretty intense, and making a lot of money online becomes more challenging. Here are some powerful strategies you can employ to jumpstart your earning potential from YouTube.

1. YouTube Monetization: Use affiliate links on YouTube.

Promoting affiliate links can be a massive earning opportunity for channels that offer in-depth tutorials as well as insightful product reviews. For example, if you recommend a product and a user visits your link to buy, you’ll start earning commissions. You can place these links in the first few lines of your description and speak about your link in your video content.

Posting affiliate links on YouTube shares a typical resemblance to promoting affiliate links on your blog. Thus, you shouldn’t pour affiliate links all over your YouTube content just for the monetary benefit (after all you want your videos to be seen as exclusive content that your audience can’t just get anywhere else). Don’t forget that viewers will only follow these links when they believe you are a trusted resource.

To build trust with your viewership and get more subscribers, help them solve concrete problems and provide tutorials. As a bonus, you can create videos that offer solutions you have previously accomplished yourself.

There are plenty of affiliate programs for you to join.

You can join many different programs in one place on a popular affiliate network like Shareasale or Awin.

The best YouTube premium revenue can be earned by starting a blog in unison with your YouTube channel and add affiliate links there too. That way, you’re monetizing YouTube (while keeping in mind monetization policies and eligibility requirements) and also have a website on a platform that you own yourself.

What is the YouTube monetization » Broadway Originals

2. Become a YouTube Partner and earn from video ads.

For many YouTubers, ads are the most essential YouTube revenue stream. 

As a YouTube Partner, you make money in different ways. You can make money from ads before your videos, channel memberships, or Google AdSense banner ads. 

However, there are some ground rules to observe before becoming a certified YouTube Partner as well as some prerequisites needed to start. Aside from adhering to YouTube’s ad rules, you must amass a minimum of 4,000 video watch hours on your channel in the last 12 months and have 1,000 subscribers.

There is no concrete timeline or format to get these foundational 4,000 hours. You can get 100 hours each on 40 YouTube videos or any combination to get your total to 4,000. 

Become a YouTube Partner and earn from video ads » Broadway Originals

However, you may not always be able to base your revenue generation on YouTube from advertising alone. There are other avenues by which you can consolidate your earning potential on YouTube.

Doing a live stream here and there is also a great way to earn money. People love the live element and the real-time factor. If you have a loyal fan base who religiously watch your stream, then they will definitely want to buy from you.

In addition, the ability to have super chat and super stickers is something that YouTube has introduced. With these features, your YouTube premium subscribers can buy chat messages that are different than regular ones that can be put at the top of your chat feedback.

This means that there is another revenue stream that you can profit from. This can be a great way to earn money from your fans other than the ads you have on your videos.

3. Make Money on YouTube with Funding from Your Fans.

If you’ve built a following of loyal fans, encouraging them to crowdfund your channel can help you fund your new videos and profit.

A crowdfunding platform like Patreon introduces more seamlessness to the process of getting paid for your content. For as little as a dollar, your fans can make subscriptions to their favorite channels, even going home with some exclusive rewards from their favorite content YouTube creators.

Patreon » Broadway Originals

4. Master Your YouTube SEO.

For video creators who have not built a significant following yet, you have to step up your game and maximize YouTube SEO this year.

To do that, perform keyword research like you usually would – however, think a little differently based on what people are searching for on YouTube. Next, make sure you are using high-value keywords in your video title, description, and video tags.

In general, Google provides video results for keywords on how to, reviews, tutorials, and funny video terms.

There are also five key YouTube SEO ranking factors to consider:

  • Number of comments
  • Subscribes after watching a video
  • Thumbs up/thumbs down ratio
  • Video length
  • Click-through-rate on the YouTube search results
youtube seo » Broadway Originals
youtube seo

5. Become an Amazon Influencer.

The Amazon influencer program is becoming more popular. This influencer program allows you to maximize your YouTube (social media in general) presence to make money via Amazon recommendations.

After joining the program, you can review and recommend products and direct your viewers to Amazon to purchase via affiliate links. When your viewers click through and make Amazon purchase, you get your cut of the commissions – typically 8-10%.

In addition to product reviews, Amazon also provides the ability for content creators to promote their own merch. This means that if someone buys your merch, you will get the full profit of the sale.

Become an Amazon Influencer » Broadway Originals
Become an Amazon Influencer.

How Much Money Can You Make on YouTube?

The short answer: it depends.

By using ad monetization, affiliate links, and selling sponsored placements in your videos, you can maximize your revenue potential.

On YouTube, you can make money from ads on a CPM, CPV, and CPC basis. With cost per impression (CPM), a typical YouTuber makes $7.60 per 1,000 views.

Nonetheless, by Google policy, creators get 55% of earnings accrued from advertisements while Google keeps 45%.

Raj Shekar

“I would travel down to hell and wrestle a film away from the devil if it was necessary.” “when people ask me if I went to film school I tell them, ‘no, I went to films’.”