How to Make $1000 on YouTube — 3 Ways to Earn Money on YouTube

so what are the best ways to make money on YouTube this year YouTube has made some major changes this year that have been affecting people's revenue but the good news is I've got some fresh money-making strategies and three case studies on how to earn a thousand dollars plus per month on YouTube coming up hey what's up Shawn here would think media bringing the best tips and tools for building your influence with online video and on this channel we do a lot of tech and camera reviews as well as tips and strategy videos just like this one so if you're new here consider subscribing so if you're watching this video you've probably heard about some of the drama that's been happening on YouTube with what is known as the ad pocalypse that really started in 2017 went through multiple phases and then even the recent policy change that has been affecting a lot of smaller creators effecting revenue and then there's always constant changes with YouTube's algorithm and things like that and so it brings up the question what are the best ways to earn and make money on YouTube in 2018 and recently we did a deep dive YouTube masterclass going through a lot of different tips and strategies for YouTube but part of that training was on three specific ways to earn a thousand dollars per month on YouTube and a lot of case studies of creators like you and like me that are crushing it in creative ways to really build their income so let's jump into the training right now from that masterclass and then I'll see you right after the content let's talk about three creative ways to earn an extra thousand dollars per month on YouTube three creative ways to earn an extra thousand dollars per month on YouTube and I'm excited to talk about YouTube ads first right so you've probably been here for a while and I would lie mean if you've been here for a while maybe you already have a YouTube channel you're already doing some YouTube ads this might be some repeat a bit but let's just go through it this is how they work the typical CPM it could be different in different areas different niches different places around the world and CPM means cost per Mille it essentially means that you get $2 this is the average for every thousand views you get it's important to know this math because then if you just think about how much income you'd want to earn if you were only focus on YouTube ad just do the math right that's the average it might be less sometimes it could be a lot more and we actually have a good example of that so if your goal is to earn a thousand dollars you would need a half a million views to get a thousand dollars now I really want to hit this hard you might be here and you've already heard about the policy change for for the monetization program on YouTube if you haven't heard about it what YouTube did to combat some controversy with ads showing up on videos that weren't really advertiser friendly they've changed the program to now to be a part of it you need 4,000 hours of watch time and you need 1,000 subscribers over the past year now I've heard people saying I understand this is discouraging for some but I've heard some people saying outrageous things saying like YouTube is dead the ship is sinking oh my gosh now it's impossible to succeed on YouTube that just couldn't be anything further from the truth based on this fact but let's just do the math of these numbers so let's assume and understand this is just rough let's assume because it is kind of an average on YouTube that the watch time of any video is about 3 minutes so if the average view equals 3 minutes I understand it's not perfect but this is just illustrative I know you're with me the average view is 3 minutes to get 4,000 hours of watch time you would need 240,000 minutes this is to disqualify for the YouTube Adsense program so you would need 80,000 views got it so that's a lot but it is manageable and here's what your income would be off of a $2 CPM a hundred and sixty dollars and here's just kind of one of what I want to say for people like I don't want to minimize that $160 is important money but if you're willing to give up on your dreams for a hundred and sixty dollars well then you probably shouldn't be going for this anyways because you like let's play a bigger game here can I just talk straight let's realize that like that's just gonna be a drop in the bucket of your journey on YouTube that you can get through that initial curve and and realize that like the math on even what you would earn by the time you got to that place is 160 bucks like just go get a job and make the money somewhere else you probably already have a job and focus on building your influence and monetizing in other ways because that's really just what it breaks down to right that's what it what it takes to get through that initial push so ultimately YouTube is my least favorite way to or YouTube ads is my least favorite way to earn money on YouTube and something that for years I just considered as like a tip jar I was like I'm just not gonna focus on it cuz it doesn't add up to that much but if you want to do this the key strategy would be to get a lot of views maybe that's obvious but again that's the way if you're gonna make money with YouTube ads you need tons and tons of views the good news is there's tons of people crushing it that have small views but they're monetizing in other ways and that is our goal here but I promised you write some case studies James he's from EECOM insiders a part of our program called video ranking Academy he look at this he got a thousand dollars a little bit over of earnings in a month's time and only on a hundred and sixty-two thousand views I just want to illustrate this because he has an extremely high CPM I said normally a thousand views gets two dollars he gets about fifteen dollars for every thousand views why because of the niche that he's in and we can't we don't much time to go very deep into this but one thing to do with YouTube ads is if you can really niche your channel down and go into certain niches that have higher CPM you can start earning some decent money but check this out by the way I have to say this and we have a bunch of case studies in this these results you know are not typical these results take hard work action any of the illustrations in this are here for illustrative purposes they're not a pro I know you know I'm not promising you that this is what you can make but it's not a promise of what you can earn because also I don't know if you're gonna take action or not like I don't know what your circumstances are where you're starting if you're even going to post videos right but saying that check the check out what James said my ad revenue accounts for about 3 percent of my income on social media let that sink in this is exact one of the biggest things I want you to get in this master class I want you to stop thinking honestly small just about YouTube ads trying to get views and subscribers I want you to think bigger about playing a bigger game building a business around yourself and around your YouTube channel and I mean you do the math yourself James is killing it right like and we'll talk about kind of how later but you know just 3% of his income is coming from ads right and here's my youtube journey back around 2013 as I was going into that year I here's YouTube ads I made about sixty six dollars one month but that same month which you can see here because you get paid out three months later on affiliate marketing just so you know for the continuity of that look 4x higher so YouTube ads did about 66 dollars but when I was just starting I did two hundred and fifty nine dollars with affiliate marketing that month so here's the thing if the policy change was happening then I would have been bummed that I didn't get that 66 dollars but it doesn't have to stop you like no one is stopping you that's something to keep in mind you can just crush it go all in monetize in different ways so the second way I want to talk about is affiliate marketing because it's it's literally the best in my opinion way to get started especially if you don't have a product yet you don't have something else happening yet Amazon Associates is a great one there's Amazon in multiple different countries that you can sign up for to be a part of their associate program and again we mentioned this you sign up you start getting custom links you could put them in your YouTube description and then you can make money and so here's an example of somebody who's a part of our community Jabin he's got a barbecue channel and so he's got this video best like barbecue accessories gifts for dad and he'll promoted during Father's Day and stuff so he just has the video there he is sitting on his porch talks about he loves barbecue again he's building income around his passion right a businessman on his passion and he's got his affiliate links in the description below and with affiliate marketing Jay Ben is as done it's actually way more now but so he's kind of old her numbers $500 canadian he's in Canada he's done about a hundred dollars on other affiliate programs and here's another cool thing it's just a bonus when you build up your channel in a specific a specific niche you can start getting free product and because he loves barbecue and his barbecue channel he actually is a meat sponsor he gets free meat he has gotten free except he got a free grill they started sending him it's it's a lot more than that – a lot of free product from that of course I know many of you in fact I'd love to hear what niche are you in post that in the comments what your niche is and Kimber Leia is you know doing different things on her Channel here's like a video about nail tutorials and then of course entered YouTube description she links to the nail polish right so what niche are you in like what is your topic you know Kimber Leia now I think she does tech acessories Jaden's doing barbecue George I see isn't traveling in health land women's clothing Renee indie games Alma and travel I love it and so lots of different niches and here's the thing this works in any niche this is Heather she has a homeschool channel and look at this three best books for homeschool moms and she's earning money with affiliate income and I think she didn't even post or maybe only posted one video in this last month but earned something like 50 dollars because she had some videos out there and so that's really cool so a power tip is there's an affiliate program for pretty much everything like just check you can just google it like Google the brand's you love and type in affiliate or associate or ambassador program and so this is Timothy and he's got a tech channel he's got a lot of videos on drones and so again he's building his influence he's got good subscribers good views but his channels not huge so you might think well man if he doesn't have a huge channel he can't be making big money oh ha well let's check it out and so with the affiliate marketing here's this seems insane to me but check this out this is his DJI affiliate program fifteen thousand dollars you know now I have to say again like results are not typical but this is real right like think about that just and that's just one program so Timothy is doing Amazon he's doing other affiliate programs but what that's some serious coin right from affiliate marketing that again not based on YouTube views you gotta get views if you a little you're gonna do it but not because of YouTube ads so post in the comments what is one affiliate video idea that you could do related to your niche here's a couple examples like product reviews make the most sense or five examples here product tutorials like showing someone how to use it and then you can link to it favorites videos like hey here's my January favorites I'm sure in the beauty lifestyle niche those really lend themselves hey guys I'm linking everything in the description below best of videos comparison videos there's actually literally probably hundreds but those are some of the best ones but I'd love to hear from you what is an affiliate video that would be specifically like good for affiliate marketing that you could probably you know work on and so you know even didi says what my niche my niche is comedy my niece is comedy so there's really not necessarily affiliates you know potentially but at the same time you get to shape your content and so if you did a you know a Saturday show about favorites if you did again if you want to earn income you might need a reverse engineer the strategies that make sense I mean at the end of the day like if you want to create a path to income then go down the path that leads to income and so we could talk about that a little bit later in QA but I think there's a lot of things you could include keep in mind you always have a blank slate for what shows what videos what episodes you're doing on your YouTube channel and so definitely post some ideas and don't just post them this is a masterclass there's the reason I let you take notes if you if you want excuse me put out grab your calendar grab your phone and schedule when you're gonna shoot this video because again I don't want to just communicate some information on this thing I want you to get some results I want you to build your income and the way you're gonna do that is by taking massive action right and so different types of affiliate marketing examples number three you can sell something and by the way you should sell something even if you're just starting or you haven't started yet I want you thinking about this from day one I want you thinking about this right now in 2018 I want you to be thinking about this because again same thing I love that question you came in why have a comedy channel and I do story time if you're gonna build a business model around your YouTube channel you have to build a business model around your YouTube channel excuse me Shawn the profound sentences well I know it's not profound but ultimately again if you want to build a business model around your YouTube channel you just got to actually do it and sounding something is a great way for example merch right and so I asked in our private Facebook group what are some of the merch things you guys are doing someone has a journal someone's doing shirts Jabin we mentioned him he's doing his own line of barbecue rubs that he sells locally and seasonally Tim is an artist so he is selling his oil paintings so t-shirts accessories aren't creative we're talking about how to build your income by actually creating and selling something got love there Las Vegas vloggers here in our city and they've got this awesome vlog channel but they created their got love shirts and by the way really easy to set up they just went to teespring com uploaded some artwork and now they have merch so this doesn't have to be like some crazy that glitch create something my gosh like what are you talking about it could just be simple things that start building your income a lot faster than other ways I wrote a book a few years back called YouTube for churches and I mean honestly was just an e-book it never who never was actually printed I wrote in a Microsoft Word I had a friend edit it named Rachel and I just paid her I don't know if I paid her thank you Rachel but she helped me you know proof it and edit it and add some great content on it I just googled how to do it and I uploaded it to Amazon and next thing you know I've got a six dollar ebook and it's about a hundred pages long and as I had youtube videos and content around it you know selling a copy a day or so could lead to 186 dollars a month and that's just one thing you could do a ebooks you could do shirts you could do merch what is the business excuse me that you could build around your channel Aileen is a good example she's full time so her husband are doing kind of personal development full time but her channel is not huge it's not even getting thousands of views it's getting like hundreds but yet she's full-time why because she's got a book the brave body method it's like a body competent self-acceptance book she's got some courses some things she's created so again what is the business model even if you don't have clarity on this now this is how I want you thinking James you know we learned about him earlier he's that his ad revenue is only three percent of his income because he's doing e-commerce that's like Shopify other things and now this might seem extreme but there's like a screenshot of like one of his daily revenue and like $1,700 that's not because he's using YouTube to try to be famous like Jake Paul or Logan Paul he's using YouTube to build his influence even with a small audience by the way his channels not big at all but yet he's crushing it because he's built a business model so remember this question what skills do I need to survive and thrive in the new economy you might be like well this sounds hard but keep in mind you got this like be confident everybody I talked about at one time had no idea how to do any of this stuff Eileen didn't know how to write a book I didn't know how to write a book James didn't know how to do ecommerce got love didn't know how to make shirts right everybody started with 0 and everybody started not having the skills they need but the point of this masterclass is to identify okay so I need to study this more I should go deeper on this right I should maybe pick one of these paths and learn more about it let's have a question you know have you started any of these income strategies yet or maybe do you have other income strategies that you're focusing on that we haven't talked about definitely post that in the comments section but then here's a power tip is you YouTube income stacking and this is like where you can then take these and stack them together and what I've actually learned is that the influencers the people on YouTube the entrepreneurs that are crushing it the most are not just having one or two streams of income but they have multiple streams of income and that's really how they go side part-time full-time on income on YouTube and so there's other ones we didn't talk about crowdfunding merchant products there's tons actually but brand deals when you add those together make it begin to add up to something significant so the power tip here strategically build multiple streams of income this year around your YouTube channel alright so I hope that you found that training valuable and actually that was just a small part of a full length YouTube master class that we did recently and if you actually want to check out the entire training for free it's available on replay right now at tube influence calm and we'll also post a link to it in the YouTube description below question of the day how are you currently earning money on YouTube and what did you think about the strategies and tips in this video I would love to hear from you in the comment section below so thanks for checking out this video subscribe for more videos just like this and if you want to see the full length tube influence masterclass training just click or tap the screen right there for another video from think media just click or tap the screen right there until next time think media is bring you the best tips and tools for building your influence with online video keep crushing it and we will talk soon

You May Also Like