YouTube Monetization: How to Make Money from Videos in 2024

This article is for you if you've ever wondered how to make money from YouTube videos. We'll discuss brand partnerships, video ads, and other methods to monetize YouTube.

Achieving YouTube monetization is a goal shared by all content producers. It enables individuals to launch side businesses, turn YouTube into a full-time profession, or establish a company that sells things in real-world stores. These days, the possibilities are endless!

But how can you monetize YouTube videos in a sustainable, long-term manner with so many possibilities available?

There are numerous options, including earning money through sponsorships or signing up for the "standard" program that pays advertising income. Let's begin with a primer on the fundamentals of monetizing YouTube for beginners.

How to Get Monetized on YouTube

The YouTube Partner Programme (YPP) is the most popular method for making money from videos. Being a partner is an improvement for your channel since it enables you to monetize your audience and, after achieving specific milestones, get revenue from video adverts. 

Although it takes some time to get used to, YouTube compensates producers via the Google AdSense program. Just be aware for the time being that when a viewer watches or clicks an ad within your video, money is produced. The proceeds are then divided between you and YouTube, with you receiving 55% and YouTube receiving the remaining 45%.

YouTube Monetization Requirements

Before you can join the YPP, you need to accomplish a few milestones first.

Here are the requirements you need to join the YPP if you want to earn money through fan funding such as Super Chats, Super Thanks, channel subscriptions, and more:

• 500 subscribers
• Three public uploads in the last 90 days
• 3,000 public watch hours in the previous 12 months or 3 million public YouTube Shorts views in the last 90 days.

Here are the prerequisites to meet to earn money from video advertisements:

1,000 subscribers

4,000 hours of public viewing in a year or 10 million views of public YouTube Shorts in 90 days.

Fortunately, once you're in the YPP, you're in. You don't need to reapply after you reach 4,000 hours and 1,000 subs, even if you started the program with 500 subs and 3,000 watch hours. Simply uncover the revenue-generating tools you were missing. If you want to monetize your YouTube channel.

How to Join the YouTube Partner Program

You can apply for the YPP if you've satisfied all of YouTube's requirements. You can accomplish this on the YouTube Studio's "earn" tab, which also keeps track of your viewership and subscriber growth. When YouTube gives you the all-clear, just apply on this page.

You have 21 days to appeal the judgment if you apply and are initially refused. After that, you'll have to wait 30 more days before applying again.

You have 21 days to file an appeal if you are turned down twice, but you may only reapply after 90 days.

Although it may sound harsh, YouTube is prioritizing new applications over recurrent ones, so it's a balanced strategy. Use the opportunity to remove any objectionable content from your channel, such as videos with many copyright assertions or those that contravene YouTube's Community Guidelines.

How to Enable Monetization on YouTube

Turn on monetization for as many videos as you can once you've entered the YPP. It's safer to wait until after you post videos (at least a few hours) however you can do this while uploading fresh content.

Your material will have been handled by that time on YouTube. If the algorithm discovers anything that might demonetize the video, such as extremely coarse language, adult themes, copyright assertions, etc., you'll be informed.

Here’s how to enable ads on a YouTube video and make money:

1. Go to the YouTube Studio.
2. Click Content in the left navigation bar.
3. Select the video you want to monetize.
4. Click Monetization in the left menu.
5. Choose which ads you want to display on the video.
6. Click Save.

Some Extra Ways to Monetize on YouTube

Although YouTube AdSense is useful, it is not a consistent source of cash for producers. With video commercials, it's challenging to consistently generate the same amount of money each year because advertising prices fluctuate.

Knowing CPM rates is advantageous for this reason. The term "CPM" (cost per mile) refers to the sum that YouTube marketers are required to pay for every 1,000 video views. The fees vary according to the specialty of your channel, the viewership, and other factors.

1. Brand Deals

You may earn money by including a good or service in your videos with YouTube brand agreements. If you choose to collaborate with numerous companies, your channel will make more money and you won't have to worry as much about generating AdSense income.

To benefit from these discounts, unlike the YPP, you don't need 1,000 subscribers or a large amount of viewing time. Of course, having more subscribers is beneficial. But what matters more are regular views and a strong library of content. Once you have both, you're prepared to look for YouTube sponsorships.

2. Affiliate Marketing

Did you know that you may earn money on YouTube by posting links to products? Affiliate marketing is a straightforward revenue source to start up.

This is how it goes:

Join multiple affiliate programs offered by various firms and brands.

To share with your YouTube audience, get personalized product links.

When customers use your link to make a purchase, you get paid.

Let's now discuss how to use YouTube for affiliate marketing. We advise novices to enroll in the Amazon Associates program. You'll have access to hundreds of unique links for common items, and by including those affiliate links in YouTube videos' descriptions, you may make money.

3. YouTube Shorts

Late last year, good news was delivered to creators across all genres. The YouTube Shorts fund will be discontinued as of February 2023. Creators of short films may now join YouTube's Partner Programme and begin earning money from advertisements. You only need:

In the past 90 days, 10 million qualifying public Shorts have been seen by 1,000 subscribers.

Overall, how much money shorts makers make depends on how many views, where they are from, and what music they utilize.

When a short film includes two songs, the music publishers receive 66% of the money, while the creator receives 33%. It's shared 50/50 for one piece of music.

If no music is utilized, all proceeds go to the creator. After taking into account music use, creators typically keep 45% of their portion of the creator pool.