Did you know that the highest-paid YouTuber is a nine year-old boy? That’s right, Ryan Kaji earned almost $30 million from his YouTube channel in 2020.
There are plenty of other examples of people who earned millions from monetizing videos on Instagram, YouTube, and other websites.
You might be in a place where you want to turn your videos into another revenue stream. We’ve got you covered in this article. Read on to learn the top ways to monetize video production.
1. Ad Revenue
The easiest way to monetize your videos is to get ad revenue from YouTube. The simplest way is to sign up for a Google AdSense account. Connect your AdSense account to Your YouTube channel and you’ll start to earn income.
The other way to collect ad revenue is to join YouTube’s Partner Program. This is for established YouTube channels that have more than 1,000 subscribers and 4,000 hours of video watched in the last 12 months.
You’ll earn money from YouTube ads and you can sell merchandise right on your channel.
2. Affiliate Revenue
This is the perfect form of video monetization for content producers that do product reviews. Join affiliate programs like Amazon.com and other retailers.
Link to the products in the description of the video. Every time someone makes a purchase from your affiliate link, you’ll get a percentage of the sale.
Channels that review expensive equipment such as grills and photography gear stand to do very well in this space.
It’s possible to turn your following into an exclusive membership. You keep your best material behind a paywall on your website. People pay for access to the membership content.
Subscriptions have a broad reach into memberships and dues-paying organizations. There are additional ways that associations can grow revenue from their members. You can view some of the possibilities at https://association.tv/monetization.
4. Course Sales
Do you have a lot of information that you want to share with people? You might have an area of expertise, but you don’t have the following to make a living from ad revenue.
You can still create an online course and sell it online. There are sites like Udemy that have a built-in audience. You just need to provide a quality course.
If you already have a following, platforms like Teachable and Podia are video monetization platforms that host your course content.
5. Video Sponsors
Brands want to partner with other brands that have a loyal and active following. This is doable, even if you have a small audience to start with.
If you can show that your audience leaves comments and can’t wait for you to produce your next video, you can get other brands to sponsor your videos.
You agree to talk about the sponsors and/or wear a hat or t-shirt during the video in exchange for money.
Monetizing Videos for Big Bucks
Monetizing videos might not make you a millionaire. It will give you a passive income stream if you follow the tips in this article.
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