How to Make Money on YouTube: 7 Steps to Get Paid

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The convenience and far reach of the internet has given millions of people the ability to make a living by monetizing just about any skill, talent or opportunity.

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Think: YouTube. In fact, to make money from YouTube, you have to dig a little deeper and establish a more sustainable strategy.

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  3. All you need to do is become a YouTube partner and run ads before or during videos on your channel.
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However, the reality is that you cannot make a healthy income based on YouTube ad revenue alone. And, make no mistake about it, getting millions of views is very challenging.

How to Make Money on YouTube: 7 Steps to Getting Paid - NerdWallet

Alternative solutions for generating YouTube revenue In order to earn a healthy income from YouTube, stop viewing that platform as a monetize-able medium in and of itself.

Instead, think of YouTube as the catalyst. The real way to make money from YouTube is to leverage its massive network.

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Here's how: 1. Sell your own goods with Shopify. Did you know that YouTube is the second largest search engine in the world behind Google? One of the best money-making opportunities is to use YouTube to sell your own physical products.

Let's assume that you already have a product to sell.

5 tips for starting a successful video gaming channel on YouTube.

At the end of the videos, you can produce calculated CTAs that funnel traffic to your product landing pages. If you have a good product and your videos are simple and engaging, this funnel will work almost every time. Sell premium videos with Yondo. Instead, create a YouTube channel and build an audience.

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The primary goal is the secret of how to make money video engage this audience and build a brand name. One of the best ways to do this is by using a solution like Yondowhich lets you create your own store that sells on-demand video content with your own domain. Direct traffic to affiliate links.

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Affiliate marketing is obviously a hugely popular online money-making opportunity. Instead of relying on static blogs to drive people to affiliate links, try creating a lively YouTube channel and using it as the primary catalyst. As the internet continues to move toward video as the primary form of content, you can get ahead of the curve and begin to benefit now.

Attract sponsorships. These deals are opportunities the video-makers have discovered on their own.

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Plus, you can negotiate whatever contracts you want based on impressions and the size of your audience. In most cases, the amount of revenue you generate from sponsorships is substantially more than YouTube ad revenue.

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Meanwhile, you can still generate ad revenue. Transition Into live speaking engagements. Finally, leverage your YouTube reputation and attract live speaking engagements.

How to Earn Money on YouTube: 6 Tips for Beginners

Live speaking engagements can be very lucrative. Think outside the box.

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Can you make real money with YouTube? Are you going to generate a massive income by relying on impression-based ad revenue?

Probably not. More from Entrepreneur Get heaping discounts to books you love delivered straight to your inbox.