In 2020, YouTube is as popular as ever. It remains the world’s second largest search engine and five billion YouTube videos are watched globally every day. Five billion. That’s a lot of eyeballs. YouTubers have long attention spans too; they spend an average of 40 minutes per session watching videos on the platform.
Some might have expected that, given that YouTube is now almost 15 years old now – it launched on February 14, 2005 – its popularity – and profitabilty – might have waned and that something newer and cooler would have come along by now to replace it.
But despite the best efforts of other video platforms like Vimeo YouTube is as dominant in the online video space as its parent company Google is in the general search space. The fact is if you want to try to make money from video content creation YouTube is still the place to be and becoming a YouTube partner, along with other YouTube monetization avenues, is the way to go.
Who is Making Money on YouTube in 2020?
It’s been a long time since YouTube was dominated by music videos. They’re still popular of course, and any musician needs to pay serious attention to the platform, but YouTube’s top earners in 2019 were quite the motley bunch:
Take a look at the highest-paid YouTubers of 2019
Ryan’s World /Ryan Kaji – $26 million
Dude Perfect – $20 million
Anastasia Radzinskaya – $18 million
Rhett and Link – $17.5 million
Jeffree Star – $17 million
Preston – $14 million
PewDiePie – $13 million
Markiplier – $13 million
Kids. Gamers. A male beauty influencer. Bootstrap comedy crews. These were the highest earners in 2019. Not a Kardashian among them.
These are the biggest earners. There are many more YouTubers making great money – and gaining fame – every day. And remember, the figures above are just what these YouTube stars make from the platform itself. Their earning power outside YouTube is even bigger.
For example, Jeffree Starr, whose signature cosmetics line is worth around $75 million just used $14 million of that $17 million he made from videos last year to buy a house practically next door to said Kardashians.
The top earners list proves one thing; anything goes on YouTube and if it’s engaging, the sky’s the limit.
How to Make Money on YouTube
While it’s more than possible to make significant income from YouTube content creation it’s not easy to do so. There are 500 hours of video uploaded to youTube every minute (seriously) and so the competition is huge.
So while no, you probably won’t make enough for a compound in Calabasas (like Starr) you can, with work, make a decent additional income. While as promotional platform for your product, service or company YouTube can be invaluable what we are taking a look at here are the ways that content creators can monetize their YouTube videos.
Become a YouTube Partner
As some of you reading this may be aware, becoming a YouTube partner has become a little more difficult since 2018. But for many YouTubers this is the best path to monetization – and to making money.
What Do You Need to Become a YouTube Partner in 2020?
Before 2018, the requirements for entry into the YouTube partner program were relatively easy to meet. A creastor needed to amass 10,000 lifetime views for their channel and host video content that met YouTube’s guidelines. In 2018 to prevent a YouTube blog post announced that so that “spammers, impersonators, and other bad actors can’t hurt our ecosystem” those requirements were becoming more stringent.
As of the time of writing to monetize your YouTube videos via the YouTube partner program you – or rather your channel – now need to rack up 4,000 hours of verified watchtime within the past 12 months and 1,000 verified subscribers. This has knocked a lot of small and ‘low-level’ channels out of the YouTube Partner Program over the past two years, but it has, as YouTube intended, also helped to improve the overall level of content posted on YouTube.
Getting to 4,000 hours watch time can seem like a tall order. But as the graphic below demonstrates – calculations put togther by a then YouTuber back when the rules changed in 2018 for a well read Medium article, the longer your videos are, the fewer views you will need. This does assume you can create one video a day, which for some people might seem impossible at first but it’s not, as we’ll explain in a moment:
Mathematically then, reaching Holy Grail of 4,000 hours may not be as hard as it seems. If you can make one video a day. And doing so might not be as time intensive as you imagine. Or require as much thought.
How to videos are always going to be popular on YouTube – in fact YouTube is where millions of people head first when they want to find out how to do something, and that something can be anything from how to beat a particularly hard level in a video game to how to change the oil in their car or how to make great scrambled eggs.
So, making one video a day could be as simple as sharing your best cookery tips. If you’re a gamer, a single session streamed live, or for a musician a jam session or a few related covers. As an SEO expert Pearl Lemon founder Deepak Shukla shares easy to consume, bite size SEO how tos and practices, as well as personal experiences and opinions.
Once you see that green “$” in your YouTube Video Manager you can apply to the YouTube Partner Program and start hosting ads.
There is no concrete timeline or format to get these foundational 4,000 hours. You can get 100 hours each on 40 videos, and there you are. If you are a viral maestro, you can get the 4,000 hours or 24,000 full views on one video.
But all of this takes time. The good news is that there are other ways to monetize your YouTube videos before becoming a YouTube partner.
Drive Traffic to Your Blog or Website to Increase Sales
YouTube video marketing remains an excellent way to promote your products, services or business in general. Ways you can market your business on YouTube include:
- Introducing yourself and your business
- Behind the scenes views to your business
- Tours and demonstrations of your business
- Q&A to answer your market’s questions about your niche and industry
- Tutorials
When you create your YouTube video, include links to your website or blog in the description and in the video itself.
Sell Products or Services Directly
YouTube has so much traffic potential and is so effective that many use it almost exclusively to promote their business. Instead of a blog, they use YouTube to share their expertise, tips, and insights to built trust and rapport with their market.
Similar to driving traffic to your website through video, you can sell your products and services using demonstrations, sharing your expertise and tips, answering questions, doing tutorials and more.
Affiliate Marketing
Don’t have your own product or service? No problem. Through YouTube, you can promote other businesses’ products and service through affiliate marketing.
To be most effective, you need a YouTube channel built around a specific niche and then find affiliate products and services that will solve your target market’s problems in that niche.
For example, you could tap into the increasingly popular home baking market, start a healthy baking YouTube channel, and find quality baking equipment and healthy good options through Amazon’s Associate’s program or other companies that offer baking supplies. Include the links to the products you’re using in your YouTube video’s description but don’t forget to add any required disclosures about affiliate links.
Along with sharing the tools and resources you use, you can also use YouTube to promote affiliate products by doing reviews and demonstrations.
Ads/Sponsorship
Generally, you need good traffic to sell ads or secure sponsorships for a YouTube video, but it may be possible to get this type of income before you qualify for the YouTube Partnership Program if your traffic is steady and growing. Further, selling ad space or getting sponsors has the potential to earn more than YouTube’s Partner Program, so it’s worth pursuing.
To sell ads or get a sponsorship, you’ll need to reach out to brands with a proposal. In your proposal you’ll need to:
- Introduce yourself and your YouTube Channel. Make sure you indicate how your channel relates to their business.
- Share your YouTube Channel, and provide information on the level of engagement you have, including views, comments, likes etc. If you have a good social media following, you can include those numbers to give you more authority and show off your influence.
- Focus on how you can help the company, as opposed to talking all about you. If you’ve used their product, let them know and share how much you liked it.
- Have a media and sponsorship kit to share with potential advertisers and sponsors.
Crowdfunding
It’s possible to generate regular income or project-based income using crowdfunding through YouTube. Much depends on your channel topic and what your crowdfunded donors get in exchange. For example, you might use crowdfunded money to enhance your production value or do special topics.
Usually, YouTube channel owners offer different rewards depending on the level of contribution. Some rewards channel owners can give include a shout-out in a video or something more substantial for more money contributed. This is actually a tactic used often by even better known YouTubers.
Crowdfunded money can be earned on a recurring, similar to a subscription or membership model, or project-based, in which people help fund a specific video or series that needs greater investments to be created.
How To Get the YouTube Views and View Time You Need (Almost) Free
So, you know how to become a YouTube Partner and how to make additional monies as a YouTube creator. But how do you actually get the YouTube views and view time you need, either to hit that 4,000 hour sweet spot to begin monetizing your YouTube videos directly or to make money in the other ways we’ve suggested (and any others you can come up with)
You can’t buy them, that’s for sure. Of all the things likely to get your videos booted off YouTube, buying views is one of the biggest. But there are plenty of ways to do things legimately – and often for free other than your time – that can got you all the views you need and more:
Ask People to Subscribe
That sounds very simplistic doesn’t it? And yet you would be surprised by just how many content creators on YouTube don’t actually bother to do it. They create videos that have fantastic information, are really entertaining and informative but then forget to make it clear to the audience that there is more of the same to come and so they should subscribe to be notified as soon as it does.
Once people subscribe, they can choose to be notified every time you upload new content and this will bring you instant views every time you release a new video. Add a call to action at the end of your video asking users to subscribe to your channel. And include a link in your video description that makes it easy for them to do so.
Use Playlists To Keep Those Eyeballs on Your Videos
According to YouTube’s own numbers s “top-performing brands on YouTube build and promote twice as many playlists as the bottom 25%.”
That’s because those top-performing brands understand the magic of auto-play. It’s much harder to pull yourself out of the YouTube rabbit hole when the videos just keep playing.
Users might not actually be motivated enough to keep watching if they have to click play every few minutes, but if the ‘hits keep coming’ the chances are very good that they will just keep going. When you have a little more time head to one of our favourite YouTube entertainment channels – Watch Mojo UK – and we can almost guarantee that you’ll be there for a while. As soon as one video stops the next one starts. And people are often there for hours.
So, how do you create a playlist? Here’s a video that explains it very simply:
Ten minutes, tops, and provided you are creating good content this will almost certainly increase your views on YouTube.
Make Use of YouTube Cards and End Screens
The card and end screen functionalities on YouTube offer you another way to get your viewers watching more of your videos while also helping them get more familiar with your brand every time they do.
Cards are those pop ups you see in the body of the video itself. This video explains how to add them.
Since at this point your focus is getting more YouTube views for free, you will probably get most mileage out of a channel card that just links to the rest of your videos. However you could use a video or playlist card to point viewers to specific related videos that it would make sense for them to watch next.
Making end screens for your videos is almost as simple as adding cards. Here’s how it’s done:
- From your YouTube account, click the Creator Studio link under your account icon.
- Click Video Manager > Videos.
- Click Edit on the video you want to add the end screen to, then click End screen.
- Choose whether to copy an existing end screen, create one using a YouTube template, or create one from scratch using the Add element option.
- When you’re happy with your selections, click Save.
Make Your Video Titles and Descriptions Search AND User Friendly
Before you can get new eyeballs on your videos they actually have to be able to find them, which means your YouTube SEO has to be on point. However, those efforts have to cover two slightly different ‘audiences’; YouTube’s search bots and actual human viewers.
YouTube SEO is actually a discipline all unto itself, and there’s a lot to learn (which is why you might want a YouTube SEO specialist to help you at first) But here are some of the basics:
When you are writing your descriptions and titles try out your potential keyword ideas in the YouTube search box itself. As the autocomplete populates you may get ideas for related terms you hadn’t thought of. Or even ideas for new videos (score)
You can also click on a few of the videos that show up for keywords right now to get an idea of your current competition.
Where can you find high potential keywords? Google Keyword Planner and Google Trends are both potentially great sources of them, but do not include anything that isn’t relevant to your video’s content just because it’s a high volume keyword. YouTube knows that ‘trick’ and they will eventually penalise you for it.
As we mentioned, you have to keep your users in mind too. According to YouTube “Titles that perform best are often those that tell a story.” Search bots are not interested in stories but humans are, so you have to figure out a way to achieve this balance. Within 60 characters, to ensure that your full description is displayed in search.
Thumbnail Images Count
Most people just don’t read when they are online, they scan instead. And when they are scanning their way through the search results of a list of videos they might want to watch they are far more likely to click on the one that has an interesting/eye catching thumbnail image to draw them in.
YouTube will, of course, auto-generate a thumbnail but why let them? Take control of the first impression you want to make and upload a custom image. Make sure that image complements both the subject matter of your video and your brand.
Your custom thumbnail should be 1280 x 720 pixels and less than 2 MB in size, in JPG, .GIF, .BMP, or .PNG format. And you probably want to know how to add one, so here’s a video that explains that:
Optimize Your Channel
Almost as important as optimizing each video you create is optimizing your channel. Yet SO many people just do not bother to do that. YouTube’s top performing creators do though, and since your ambition is to get more views and actually become one of them it is something that you should be doing as well.
Visuals are important here of course. You need to take the time to create a great channel icon, one that helps accurately portray your brand and your content, especially as this icon will be used by both YouTube and Google Search. It also needs to be an 800X800 image that will also display well at 98×98 pixels. A tall order perhaps, but there are a lot of tools and tips in the YouTube Creator Academy that can help.
Then there is the channel description. You have up to 1,000 characters to create a compelling brand pitch for your YouTube channel, letting viewers know why they should care about the videos you’re posting, what you have to offer, and how often they can expect to see new content. It’s not much, but take the time to make it count.
If you are up for a little more work you can even choose to create a channel trailer. We’ll let this video explain this.
Understand the Way the YouTube Algorithm Works
‘A search and discovery system’ is the way that YouTube officially describes its algorithm. This is what determines which videos are seen first in a user’s search results, in the suggested videos tabs and in those trending streams.
The algorithm has an awful lot to do with watch time. Primarily this refers to how much time someone spends watching your videos, measured in cumulative minutes watched. According to YouTube itself, “each video uploaded—as well as every channel on YouTube—is ‘ranked’ by watch time.”
But “watch time” is not as simple as it sounds. Yes, it includes the actual time people spend watching your videos. But channels also earn “watch time credits” for driving viewers to watch videos on other channels.
This means that YouTube is more likely to showcase your videos when people spend more time watching your videos, and when they spend more time watching videos by other users that you refer them to.
It’s complex stuff sometimes, and working with a Youtube marketing specialist can help you, but getting a better grasp on what you have to do to please YouTube – versus pleasing Google – is something it pays to do.
Take the Time to Go Through Your YouTube Analytics
One of the biggest keys to the success of any marketing strategy – on or offline – is to continuously test, track and tweak according to watch you learn as you go. And this is where analytics come in.
YouTube itself offers a pretty robust analytics panel that will tell you a lot of what you need to know. It lets you know which of your videos performs the best, how engaged your viewers really are and, to a certain extent, just who those people actually are.
These are all things that you not only need to pay attention to in order to increase the views on your current videos but also to act as a guide when creating future content. Once you know who is watching, and what seems to be resonating with them the most you can make a point of creating even more of the same kinds of content to keep them coming back for more.
Promote Your YouTube Video to the Outside World
Finally, it’s important, even if you do become a Youtube partner, that you promote your YouTube videos to the outside world to draw them over to you channel to watch (and hopefully keep watching) your content. Embed them on your website, share them on your social channels, include them in your emails (even in your email signatures)
All of these tips should help you increase the number of views your YouTube videos get and, for the most part, are free. There is one thing that has to be noted here though. As is the case for anything else in the world of content creation all the tips, tricks and hacks in the world aren’t much use if the content isn’t good.
Final Word
In 2020 you can still make money on YouTube, both as a YouTube partner and by monetizing your YouTube videos in the ways we’ve suggested. Need help? Get in touch. Pearl Lemon has a team of YouTube experts – including YouTube SEO experts – who are ready and waiting to help you grow your influence – and fatten your wallet – on YouTube.
The post Everything You Need to Know About the YouTube Partner Program and YouTube Monetization in 2020 appeared first on Pearl Lemon.
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