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7 Proven Ways to Make Money on YouTube in 2020

Do you want to make money on YouTube but don’t have any idea how to get started? You are not alone as there are millions of YouTube influencers that have millions of viewership but don’t know how to leverage the views to make money on YouTube.

Even if you are not a YouTube influencer, you will be urged to join YouTube to make money online after knowing that 5 billion videos are watched across the globe. On average, a common person is spending 40 minutes daily on YouTube, watching different content. Whether you want to make money online or want to market your product to millions of new users, YouTube earning is the best opportunity for you.

YouTube Average Earning

There are many factors involved in the earning amount from YouTube, as the location of the audience, CPC, industry keywords, and many other factors. It is a rough calculation that an average channel with 20,000 views daily can make up to $40 per day. These are just simple assumptions based on the experiences, but the actual income may vary. Can you generate passive income from YouTube? Yes, it is possible as not every YouTube Vlogger is making millions from YouTube channel, but there are hundreds of YouTube channels that are making millions, including

  • 1st: PewDiePie – $12 million
  • 2nd equal: Smosh – $8.5 million
  • 2nd equal: Fine Brothers – $8.5 million
  • 4th: Lindsey Stirling – $6 million
  • 5th equal: Rhett & Link – $4.5 million
  • 5th equal: KSI – $4.5 million

In simple words, the average YouTube earning can be anything between a few hundred dollars and a million dollars. 

How to make money on YouTube?

If you know video editing and can make interesting content, there are unlimited YouTube earning options for you. YouTube influencers are making millions of dollars from their YouTube channels, and they have years of struggle behind this fame. The idea here is to offer some unique content to the audience in an attractive way. If you have a good camera, a creative content idea, a little video editing experience, and dedication to make money on YouTube, you can be successful on it.

Although the new policies and rules by YouTube require the users to hit a specific number in terms of subscribers, it is not hard to gain 1000 subscribers and 4000 watch hours to enable the monetization.

Ways to Make Money on YouTube

YouTube has limitless earning opportunities for users who make the video as a profession or passion. Like blogging, you can use different channels to make money on YouTube. Here some famous and common ways to make money on YouTube:

1. Promote and Sell Affiliate Products and Services

Like blogging, affiliate marketing has great scope in the YouTube world. If you have a strong YouTube audience, affiliate marketing is the best way to make money on YouTube. You can make video product reviews to recommend some service or product or can give shot out for any service. You will have to add the affiliate link in the YouTube video description so the interested users can make purchases through your affiliate link. 

Image Source: Google

Earning on YouTube with an affiliate link is identical to the earning methods on blogs. To be a successful affiliate marketer on YouTube, you need to have strong viewership, and the audience must trust your words.

Several websites offer affiliate links, and in the marketing niche, GetResponse is a rising company with a strong affiliate program. Whenever someone joins GetResponse through your affiliate link, you will get paid a certain amount of commission.

Also Read: Why Choose GetResponse? In-Depth Features Review For 2020

If you are a business owner or a blogger looking for email automation to capture more leads, GetResponse is a must-have tool for you. You can do a lot of amazing things with GetResponse, and getting started with GetResponse is absolutely free for a limited time free trial account.

2. Earn from YouTube Ads with Monetization

Most YouTube beginners start their YouTube earnings from the YouTube partner program or ads. If your channel meets the requirements of the YouTube partner program, you can apply for Google AdSense. Once your channel is approved for ads, you can start earning from uploading videos to your channel.

Once your YouTube channel is monetized, Google will start showing different types of ads before or during the videos. You will be paid for every view and click that ads get on your channel.

3.     Make Money from Funding of Fans

Most of the gamers use this YouTube earning method to make money on YouTube. Even if you don’t know how to make money on YouTube, you can easily make your first bucks if you have a creative approach to use your influence on YouTube. Many 3rd party platforms can be used to earning money from fans’ crowdfunding. If you have a strong fan base, you can ask your viewers and subscribers to crowdfund your channel. Patreon is an amazing platform that you can use to make money with crowdfunding for your channel.

4. Offer YouTube Services

Even though you don’t have any YouTube channel, you can still make money on YouTube. How to make money on YouTube without any channel? To make money on YouTube without any channel or video content is to learn the art of YouTube SEO. Like blogs and articles, YouTube has some intelligent algorithms to rank and suggest videos for different users.

YouTube SEO is a skill that you can sell across different freelancing platforms like Fiverr and UpWork to make money. Brands and Vloggers are always ready to pay the price to have their YouTube video ranked. Make sure that you practice your skills before selling the service.

5. Drive Traffic to your Affiliate Site with YouTube Videos

If you want to generate indirect money from YouTube videos, you are always open to limitless ideas, and there is no limit to applying different tips and tricks for your channel. Imagine if you have an affiliate site and want to drive more traffic to your store, you can embed your store’s link in the YouTube video, or you can sell that traffic to other affiliate stores by promoting their links.

6.  Get Paid by Brands for Sponsored Videos

If you have a strong influence on the audience, brands are always ready to collaborate with you. This method is especially for you if you want to know how to make money on YouTube without Google AdSense. First of all, you need to have a loyal viewership. Your content must be related to any niche and authentic.

Imagine if you are running a mobile unboxing channel, you can approach different new mobile companies in your region to sponsor your video in exchange for the promotion of their new models. You might have to struggle at the start, but soon, brands will be approaching you for paid promotions and sponsored videos.

7.     Earn from YouTube Red Program

YouTube offers a paid subscription where users can pay $9.99 for an ad-free YouTube experience. Even your channel will not show any ads, but you will still be making money from the views. For generating income from YouTube Red, you need to have a great audience. This is not a very common YouTube earning method; it can still be an option for you.

youtube red

This article on how to make money on YouTube can be pretty long, but we have only covered those methods that actually work. So, try your luck, have patience, and start making money on YouTube.

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Written by Usama Arbakan

I am a big fan of the digitization of businesses and have been helping bloggers and startup owners with business marketing for the last 4 years. My educational background includes Bachelor's in Commuter Science Degree and several diplomas in marketing and writing. Currently, a part-time blog writer at Ad Specto.

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