Youtube is a great platform for creating passive income where you do not need an upfront investment to get started. However, earning an income requires an investment of time and effort.
You can do work now and make money for months or even years off that work.
How Do People Earn Money From Youtube Videos?
The next biggest search engine after Google is actually Youtube. People go to Youtube to watch an assortment of content created by content creators.
Content creators or aka Youtubers upload their videos to their channels and promote them. Eligible creators and videos will earn a commission based on the number of ad impressions shown.
In reference to how to earn money from attention, your content needs to add some sort of value to the viewer, it needs to be at least informative or entertaining.
The more videos uploaded, the more potentials views, and the more opportunities for passive income to be generated.
What Do I Need To Know To Get Started?
As with everything you need to start small first. There is no rushing of the process. Youtube is not a get-rich-quick scheme.
Growing your channel will take some dedication and the right strategy.
- Signing up is easy, sign up for a google account.
- Login to Youtube
- Customize your channel.
- Identify the right niche for you
- Come up with a sustainable strategy such as schedule for the regular posting of videos
- Grow and promote your channel
- Become eligible for the Youtube Partner Program
When Do I Become Eligible For The Youtube Partner Program
When you have grown your subscribers to 1000 and having more than 4000 hours total watch time on your channel for 12 months, then you will then be eligible for the Youtube Partner Program. You can then be able to sign up for Google Adsense or link an existing Google Adsense account.
You can then enable the monetizing of your videos and start earning passive income.
How Many Views Do I Need To Earn $10, $100, $1000?
Google Adsense on average pays $0.01 to $03 per view.
$10 you need at least 1000 views on $0.01
$100 you need at least 10000 views on $0.01
$1000 you need at least 10000 views on $0.01
The sample screenshot below earns $0.008 per view. 5900 views translate to $51.23.
There is an awesome calculator you can use from influencemarketing for checking how much you can make as per the number of views.
How Do I Get Paid?
The Youtube Partner Program runs on top of Google Adsense. Once you’ve hit the default threshold of $100 earnings. Adjust the threshold as per your preference. You can have the money deposited to your bank account via wire transfer.
What Can Be My Niche?
Few simple questions to ask yourself.
What are the things I like doing during my spare time? What are my hobbies? What am I obsessed with or passionate about?
Who wouldn’t want to turn their passion into paychecks, especially one that has the potential to give you passive income?
Instead of consuming content, contribute and create content that might be valuable or entertaining to others.
What Other Opportunities Are Available To Earn On Youtube?
After you get a decent following, further opportunities will soon show and some you can eventually start. Some of which are:
- Attract sponsorship and get paid to promote their product
- Sell your own merch or product
- With the traffic, you can direct users to visit affiliates and get commission
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