1. Monetize your videos with Google AdSense (most of the YouTubers do this). You'll earn a little over $1.5/1,000 views in average, so you would need at least 100,000 views to make a decent sum - $150-$200 per video. This method is great when you have millions of subscribers and you make + 1,000,000 views/video (+$2,000/video).
2. Affiliate marketing - place affiliate link/referral links in your description - at least 1-2% of visitors will go check it out and from those 1-2%, 10-20% will eventually purchase/signup to something that you offer. If you would earn $5 commission for each affiliate sale and you make 10,000 views/month/video this would result to = 10,000 x 0.02 x 0.1 x $5 = $100. (just a simple example).
3. Make subscribers => place in your video (annotations) and in your description a free offer to your signup list (lead magnet) to get subscribers. Email marketing is one of the most frequently used ways of making money today. I also use that (check out my profile for more details about this). If 3% of visitors (views) go to check out your offer and 30% subscribe (that's my average conversion from visitors), you would get 300 subscribers for every 10,000 views (not bad!). From a list of 1,000 people, 1-2% will always purchase your offer.
Of course, you can combine all 3 at once. The only 2 things which should concern you are
- Quality
- Traffic
The rest will come by itself and you'll figure out for yourself how it's best to monetize (depending on what your channel is about).
YouTube marketing is, without a doubt, the easiest and the fastest way to make some great affiliate commisions.
If you know what you are doing selling affiliate products on YouTube is really easy.
Affiliate marketing contains 3 roles to make it work, the advertiser, the distributor, the purchaser.
The advertiser
An advertiser can be an organization offering items like electronic gadgets, plane tickets, garments or auto parts, or a sponsor could likewise be an insurance agency offering insurance. The most important thing is that the advertiser is ready to pay individuals to offer its products to its potential customers and followed by selling its product.
The distributor
A distributor is an individual or organization that promotes an advertiser's products in return for acquiring a commission. Advertisers contractually consent to work with a distributor, then proves the distributor with resources – as links, marketing videos, banners or even text ads - that the distributor incorporates into their source of traffic.
The purchaser
The last part that finishes the affiliate marketing triangle is the purchaser. The purchaser is the person who really sees the promotion and afterward makes an activity (either by clicking a connection or by submitting their purchasing information through a form) that takes them from the distributor's source of traffic to the promoter's to finish the activity, which we call a conversion
So who should you be as?
Considering the fact that not many people have a ton of time and money to come up with a product, test it and actually bring it to the market. I suggest you to go the route of a distributor. It is not a one click get rich way to earn money online. Some work still has to be put in to drive traffic to your advertiser's product. But it is difficult to get someone to approach you and pay you to give them sales.
The majority of Youtubers make money through ads (Google adsense) - As youtube is owned by Google. It’s very simple to set-up for the YouTube channel itself, all you need is an adsense account and then to connect it to your youtube channel.
Another popular way youtubers can make money is through clothing, you see quite often YTs promoting their T shirts with their branding on….
Another popular way to make money for youtubers is getting businesses to sponsor a video/channel. For example if you watch any famous youtubers they will probably be affiliated with Audible. But this goes one step further, if a business owner goes to a YTer and states “can you review my product on your channel” - The response is usually Yeah sure its £300 or XYZ$.
It all just depends on how many views & subscribers you have, as well as the engagement from these individuals. A channel with 1 million subs but has no engagement (comments/likes) is less valuable than a channel that has half that amount but gets 100s of comments / 1000s of likes on every video.
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