YouTube stars are today’s self-made celebrities—people who have earned an audience by creating video content geared toward teaching, entertaining, reviewing, and being awesome on the web.
Making money on YouTube might not be your reason for starting a channel, but the opportunities to earn are a pleasant surprise once you realize how many of them there are. Luckily, there are some creative avenues if you want to learn how to make money on YouTube.
Your audience might unlock your YouTube channel’s earning potential, as is often the case with Instagram influencers or bloggers, but it’s the creation of multiple revenue streams, through side hustles or businesses, that helps you make money.
Join the YouTube Partner Program
The first revenue stream you’ll likely explore is ads. Whether you want to earn money on YouTube without creating videos or as a content creator, joining the YouTube Partner Program (YPP) and setting up monetization is a vital step.
Sell products or merchandise
You can sell plenty of different products to make money through your YouTube channel. Selling merch – t-shirts, coffee mugs, tote bags, snapbacks, you name it – has a benefit beyond revenue.
Crowdfund your next creative project
When money is all that stands between an idea and its execution, crowdfunding is a good way to make it happen.
Let your audience support you through “fan funding”
Similar to crowdfunding a project, you can also set up “fan funding” streams to source donations from your audience.
License your content to the media
If you happen to create a viral video with mass appeal—say, a funny clip featuring your dog—you can license your content in exchange for money.
Work with brands as an influencer
Brands are investing more and more in influencer marketing and sponsorships, spending their typically large advertising budgets on influencers who’ve already won the loyalty of their audiences.
Become an affiliate marketer
Affiliate marketing refers to earning a commission by promoting a product or service made by another brand. You can become an affiliate marketer for brands and include product placements, endorsements, or other types of content.
By Braveen Kumar
Culled From: https://www.shopify.com/blog/198134793-how-to-make-money-on-youtube