Earning Money On YouTube: Ultimate Guide To YouTube Money Making For Beginners

YouTube has been helping people to earn money and get rich since 2007. Although a scanty number
of Youtubers availed YouTube’s monetization feature back when it was introduced yet it was still
profitable. And today there are over 23 million YouTubers who are earning scanty to the mind-blowing
amount of money from YouTube. How? Well, the reasons are pretty self-evident. An average person
spends more than 40 minutes on YouTube. And if you prefer not to consider yourself an average
person (no judgment passed) then chances are you constantly visit YouTube to watch a tutorial video
of using a jar opener or use YouTube to find content for your children to keep those brats off your
chest. I mean, people are literally making their careers in Youtubing. 

You can take the example of Carryminati, a famous Indian Youtuber. He started Youtubing late in
October 2014 and today has a net worth of 1 million INR per month. Along with that, he owns two
Fortuner at the age of 19. Touche!

These are many of the innumerable reasons why YouTube becomes a safe and promising haven for
money making. So hold our hand while we guide you on how to make money with YouTube. 

Duly note that earning money with YouTube is not a walk in the park. All significant Youtube channels
remain under constant scrutiny of company’s reviewers, who time and again check whether the
content provided by a channel follows YouTube’s norms and conditions of usage. In addition to that,
you need to join YouTube Partner Program (YPP) and create an account on Adsense in order to
monetize your videos on YouTube and to start earning money.

If you are a beginner in the YouTube business then the prerequisites would be to have a few videos
already posted on YouTube. You just cannot simply start earning money from your first YouTube video.
It takes time, sometimes a lot of time so follow our lead while we lead you to the path of earning money
on YouTube. But let’s analyze a few things first.

Monetizing YouTube

What Is Monetization?

Monetization feature on YouTube allows a channel to earn revenues on YouTube through advertising, merchandising, or channel membership. Monetization of your YouTube account is the primary step towards the kingdom of money-making on YouTube. 

YouTube Monetization Requirements

Presently, there are stiff regulations and conditions in order to monetize a YouTube account. This was done by YouTube in order to maintain digital safety and prevent malpractices. But fear not, you will not face any prosecution as long as you follow the path of the righteous. The basic requirements of monetizing your YouTube account are:

1. You need to be above 18 or must have a guardian (above 18; so your best friend won’t count) who can handle payments on Adsense.
2. Have an Adsense account unless you are expecting to be paid in kindness.
3. Have advertiser-friendly content on your channel.

What’s more, you need to apply (and get accepted obviously) for YouTube Partner Program (YPP). You will be eligible for YPP only if:

1. Your YouTube channel follows its policies and guidelines: You’ll go through a standard review process after you submit the application. During this process, YouTube will check whether your channel meets its policies and guidelines or is it daddy-poo-poo.
2. You have 1 AdSense account: It is really easy to create an Adsense account as you’ll only need to follow the instructions provided and then you'll only require to link your Adsense account with your YouTube account.
3. You have at least 1,000 subscribers and 4,000 public watch hours: This confirms to YouTube that the advertisement on your videos or your advertisements are being watched by someone. Note that different advertisements channels require different subscribers and views. The aforementioned are just basic requirements.

Steps For Monetization On Youtube

If you meet the mentioned requirements then follow the given steps to apply for YPP:

1. Sign in to YouTube.
2. In the top right, select your account icon and then select Creator Studio/Studio beta

   3.On the left side menu, select Channel and then select Status and features.

   4. Under Monetization, you’ll need to click on the Enable button.

    5. Follow the on-screen steps.

    6. Get Reviewed. If your account follows all the provided threshold, you’ll be put under review automatically.

You can check your review status whenever you want. You will be able to reapply for YPP after 30
days of rejection.

Ways Of Earning Money On YouTube

Remember that you’ll earn money on YouTube not only based on the number of views but also on the
number of clicks on the ads of your videos. You can make money on YouTube through three ways, by
becoming an advertiser, by becoming an advertiser platform, and through affiliate links. 

Becoming An Advertiser

Advertising on YouTube is more effective than advertising on any other medium. This is because
YouTube targets its advertisements based on the watch history of its audience. For example, if you
watch a lot of education-related videos, then you’ll get similar advertisements as well as
recommendations. 

This type of earning medium is used by big brands as well as individuals who’d like to promote their
channel or product or service and allow the advertisers to get high traffic based on the click-throughs.
Ads on YouTube are mainly of three types: preroll, true view, and bumpers.

Trueview ads on YouTube include the in-stream ads that start right after you click on a video. These are 12 seconds long ads and are skippable. These advertisements are effective in their purpose as they allow the viewer to see a part of the ad, usually for 5 seconds, and build their interest accordingly.

Discover ads, on the other hand, display ads that are shown at the side of a video right above the
video recommendations. These remain throughout the video and helps the advertiser to earn when
clicked.

By using this form of advertisement, Clash Royale, a famous game application, reached 110 million
views which allowed it to earn $2.6 thousand a month.

Preroll ads, just like trueview ads, are advertisements before the video starts. But these are
unskippable and run from 15-20 seconds.

Bumpers, lastly, are the shortest unskippable ads available on YouTube. Their run-time is 6-7 seconds
Zomato and Swiggy use this kind of advertising on YouTube consistently.

Become an Advertiser Platform

This is the most common type of earning method on YouTube. People monetize their YouTube account
and invite advertisers to their videos. But if you do not have a sufficient amount of views on a video,
no advertiser will be attracted towards it. 

T-Series uses this type of earning method on YouTube. After dethroning Pewdiepie, T-Series became
the most subscribed channel on YouTube. It mainly garners its revenue (which is gargantuan $1.2
million per month) through this method.

Affiliate Link

Good news is that affiliate linking does not ask for any eligibility criteria or any minimum requirements.
These are simple links in the description box that help you earn income on YouTube. These links are
either yours or your third-party video sponsors. Affiliate linking does not ask the channel to have an
Adsense account and allows the channel to earn money from YouTube without Adsense. Affiliate links
mainly promote the sale of merchandise of the third party advertiser or your brand to the audience of a
particular video. It is also a good method of marketing.

How Much Money From YouTube

The metric for measuring money on a YouTube video is to keep in mind the standard 1000 views=$1
(70 INR). But money is also determined on the basis of per clicks on ads. Overall, YouTube is a good
platform for earning great amount of money.