How to make money on Youtube in 2023

Making money on YouTube has become a popular way for content creators to earn a living while sharing their passion and interests with the world. With over 2 billion active users, YouTube is the second most visited website in the world and has over 1 billion hours of video watched every day.

Can You Make Money on YouTube?

Yes. Anyone and everyone can technically make money on Youtube.

But, By just creating a YouTube channel or account does not automatically monetize content. You need to meet the criteria set by Google to monetize your content and creating income through YouTube takes lots of effort and work at the beginning as you will not have any subscribers and viewers in your account. 

But don’t panic and leave put continuous effort into what you love doing and continue sharing your passion and interests with the world..

Create Engaging Content

The first step in making money on YouTube is to create engaging and original content that will attract viewers. Your content should be of high quality, entertaining, and informative. It’s important to know your audience and create content that appeals to them. You can create different types of content like how-to videos, reviews, vlogs, and tutorials. Consistency is key when creating content, so ensure you upload videos on a regular schedule.

Don’t be frustrated and put your continuous effort into creating engaging and original content. You will soon gain subscribers and views gradually.

What’s Next after creating engaging content and getting lots of subscribers?

Join the YouTube Partner Program

The YouTube Partner Program is a monetization program that allows creators to earn money from their content. To be eligible, your channel must meet certain requirements, including:

• Have at least 1,000 subscribers
• Have at least 4,000 watch hours in the last 12 months
• Comply with YouTube’s Community Guidelines and Terms of Service

Once you meet these requirements, you can apply for the program, and if accepted, you’ll have access to various monetization features like ads, sponsorships, and merchandise.

As the YouTube Partner Program continues to grow, it’s important to maintain a healthy, active ecosystem of channels. To focus our support for creators who are active and engaged with the community, we may turn off monetization on channels that haven’t uploaded a video or posted to the Community tab for 6 months or more.

Enable Monetization

After joining the YouTube Partner Program, you’ll need to enable monetization on your videos. This allows YouTube to show ads on your videos, and you earn a share of the revenue generated from those ads. To enable monetization:

• Go to your YouTube Studio, click on the Monetization tab,
• Follow the steps to set up your AdSense account.

The majority of applications receive an update in less than 30 days. All applications are put in a queue and will be processed in the order they are received. There are many other ways to start making money while you are in the queue.

Don’t wait and waste your time doing nothing

Utilize Affiliate Marketing

Affiliate marketing is a great way to make money on YouTube. This involves promoting products or services in your videos and including a link to the product in the description box. When someone clicks on the link and makes a purchase, you earn a commission. It’s important to only promote products or services that align with your brand and are of value to your audience. Find the list of affiliate marketing websites to boost your earning.

Sell Merchandise

Selling merchandise is another way to make money on YouTube. You can create your own merchandise like t-shirts, hoodies, mugs, and sell them to your viewers. YouTube has a feature called the Merchandise Shelf that allows eligible creators to display their merchandise on their channel page. You can also promote your merchandise in your videos and include links to your online store.

Create sponsored content

Are you a YouTuber looking to monetize your content and collaborate with brands? While YouTube’s own service to connect creators and brands is a great option, it’s not the only way to land sponsorship deals.

In fact, if you build a strong following or specialize in a particular niche, brands may start reaching out to you on their own. But if you’re eager to get started, why not approach them first? Consider sending a brand or channel pitch to showcase what you can offer.

However, keep in mind that there are strict advertising regulations to follow when creating sponsored content. Stay informed and ensure that you comply with all necessary guidelines. By doing so, you can successfully partner with brands and earn revenue through sponsored content without relying solely on YouTube’s service.

Are you ready to take your YouTube channel to the next level? Let’s dive into some tips that can help you grow your audience and create a thriving community!

Tips to Grow Your Channel

Create a consistent brand image across all your social media platforms

First and foremost, it’s important to establish a consistent brand image across all your social media platforms. This helps viewers recognize and remember your channel, making it easier to build a loyal following.

Collaborate with other creators in your niche

Don’t be afraid to collaborate with other creators in your niche. This can help you tap into new audiences and provide fresh content for your viewers.

Use keywords in your titles and descriptions to improve search rankings

Make sure to use relevant keywords in your titles and descriptions to improve your search rankings. This will help potential viewers find your content when searching for topics related to your niche.

Engage with your audience in the comments section and social media

Engaging with your audience in the comments section and on social media is also crucial for building a strong community. Responding to comments, asking for feedback, and creating polls can help you connect with your viewers and create a sense of community.

Promote your videos on your website, blog, and social media platforms

Finally, don’t forget to promote your videos on your website, blog, and social media platforms. This can help you reach new audiences and drive traffic to your channel. With these tips in mind, you’re well on your way to growing your channel and creating content that resonates with your viewers.

How much money do YouTubers make?

Before we look at specifics, it’s important to understand two crucial metrics: RPM and CPM.

What is RPM? 

RPM stands for Revenue Per Mille, which refers to the amount of money a content creator earns for every 1,000 views on their videos. It takes into account all sources of revenue, including ads, sponsorships, and merchandise sales. RPM can vary widely depending on factors such as the type of content, audience demographics, and advertising rates. RPM is also calculated after YouTube takes its 45% cut.

What is CPM? 

In the context of YouTube, CPM (Cost Per Mille) refers to the amount of money advertisers pay to have their ads shown on a video per thousand impressions. Advertisers bid on ad inventory through Google Ads, and the winning bid determines the CPM for a particular ad placement.

The actual CPM a creator earns from their videos can vary widely based on factors such as the type of content, audience demographics, and the bidding competition from advertisers. The CPM for a particular video can also change over time depending on the advertisers bidding on that specific inventory.

Creators earn a portion of the revenue generated from ads shown on their videos, with YouTube taking a percentage as well. While CPM is an important factor in determining a creator’s potential earnings from their videos, it is only one of many factors that can impact their revenue.

Top Country with Highest CPM on YouTube in 2023

The CPM (Cost Per Mille) rates on YouTube can vary widely depending on a variety of factors, including the advertiser’s industry, the type of ad, and the location of the viewer. Generally, advertisers will pay more to target viewers in countries with higher purchasing power and where

It’s important to note that the CPM rates on YouTube can vary widely depending on a variety of factors, including the advertiser’s industry, the type of ad, and the location of the viewer. However, here is a general overview of the top CPM countries and their average CPM ranges in 2023:

1. United States – $6 to $10
2. United Kingdom – $5 to $9
3. Canada – $5 to $8
4. Australia – $5 to $8
5. Germany – $3 to $7
6. Japan – $2 to $6
7. Switzerland – $4 to $6
8. Norway – $4 to $6
9. Sweden – $4 to $6
10. Netherlands – $4 to $6

It’s important to note that these are just general ranges and that the CPM rates can fluctuate and vary depending on a variety of factors, and this list is not definitive. Additionally, the ranges provided are based on estimates and averages and may not be accurate for every content creator.

While CPM is the most common metric used to measure ad revenue on YouTube, cost per click (CPC) is another important metric to consider for certain types of ads. CPC refers to the amount advertisers pay for each click on their ads. Here is a general overview of the top CPC countries and their average CPC ranges on YouTube:

1. United States – $0.30 to $0.50
2. Canada – $0.30 to $0.50
3. United Kingdom – $0.20 to $0.40
4. Australia – $0.20 to $0.40
5. Germany – $0.10 to $0.30
6. Japan – $0.10 to $0.20
7. Switzerland – $0.10 to $0.20
8. Norway – $0.10 to $0.20
9. Sweden – $0.10 to $0.20
10. Netherlands – $0.10 to $0.20

Again, it’s important to note that these are just general ranges, and the CPC rates can vary depending on a variety of factors, including the type of ad and the specific industry. Additionally, CPC is not the primary metric used to measure ad revenue on YouTube, so these ranges should be taken as estimates and may not be accurate for every content creator.

Top Categories with Highest CPC on YouTube in 2023

The cost-per-click (CPC) rates for Google Ads can vary greatly depending on a variety of factors, including the advertiser’s industry, the type of ad, and the specific keywords being targeted. However, some of the top high CPC categories for Google Ads include:

1. Insurance
2. Legal Services
3. Finance and Banking
4. B2B (Business to Business) Services
5. Real Estate
6. Health and Medical Services
7. Home Services (such as plumbing or roofing)
8. Automobile Dealerships
9. Technology and Software
10. Travel and Hospitality

It’s important to note that while these categories may have higher CPC rates, they may also have more competition and require more investment to be successful. Additionally, the CPC rates can vary depending on the specific keywords being targeted within each category.

Summary

Making money on YouTube requires hard work, dedication, and consistency. By creating engaging content, joining the YouTube Partner Program, enabling monetization, utilizing affiliate marketing, and selling merchandise, you can turn your passion into a profitable business. Remember to also focus on growing your channel by using the tips provided and building a loyal audience.