YouTube monetization policy keeps changing from time to time and that thing is really scary. But you guys have nothing to fear, we’ll walk you through the ins and outs of the entire YouTube monetization process.
And as early as you learn this you will be able to earn money from YouTube just by creating videos that you love.
Qualifying for YouTube monetization
First of all, you have to get qualified for monetization. YouTube has 2 qualification criteria, first one is that you should have at least 4,000 hours of watch time within the last year and should have at least 1,000 subscribers.
This policy went into effect at the beginning of 2018.
Watch time – It is the total number of hours users have to spend watching your videos on your channel.
And these 2 qualifications are not that hard to get, you can easily get qualified by successfully completing these criteria if you have implemented an effective SEO strategy.
Just remember not to play around with the system. Your monetization application can be denied if your channel shows any sign of “sub4view” or “sub4sub” strategies. YouTube can easily found out if you are subscribing to other channels for views or subscribing for subscribes then your application will be denied, so don’t try all these things.
Prep your channel for monetization
Here are few things you should make sure your account gets approved for monetization before you hit that “Enable” button. It can take up to 30 days for YouTube to review your channel, and if your application is denied you have to wait additional 30 days to apply again.
So, one of the biggest reasons YouTube doesn’t approve monetization is because of duplication. Now let’s talk about how to avoid this issue.
While using stock images, audios, videos for creating your YouTube videos make sure you have all licenses in place. Either use items with no copyrights, or if you are using something copyrighted make sure you have bought it, as you would require a license for it.
4 Steps to enable monetization on YouTube
After you have reached the required subscribers and watch hours, and check for all the red-flags. All that is left is to apply for monetization.
1. Click on My Channel in the drop-down after you click on your icon on the top right corner of your screen.
2. From there, Click on YouTube Studio (beta).
3. Once the YouTube Studio opens up, find the channel menu on the left-hand side of your screen, then click on Other Features > Monetization.
4. Finally, in that window, click Start.
After doing this, you’ve accepted YouTube partner program terms. Now you just have to login into your ad sense account or connect an existing ad sense account and you are good to go. Google ad sense is what allows you to earn money, when people watch ads on your video, you’ll get paid for that.
Wait for monetization approval
After doing all this, all you have to do now is wait for the approval. And it’s not that easy, it takes up to 30days for YouTube to review your application and channel.
However, a backlog does build up from time to time. And it’s important to know that you won’t be able to start generating revenue for at least 30 days.
All you can do over this period of time is, create some new videos. Work hard and create great content, work on your SEO strategies, engage with your audience.
There are other monetization options
Monetizing your YouTube is the only way to earn money from YouTube.
But you should consider other monetization options as well. Some of them are –
For YouTube creators, Patreon is one of the most popular online patronage platforms. It allows your loyal subscribers to pay a certain amount of money for the exclusive content each month.
You can launch your own merch, people love to buy merch. But before printing t-shirts for all subscribers, test the waters a bit. Ask your audience if they are interested and will they be willing to buy your merchandise if you launch any in the future.
You can also get into affiliate marketing. Although earning is lower than you’d receive with a paid sponsorship. All you have to do is sign up for a specific brand, and you’ll get a discount code from where your subscribers can buy that product and you will get your commission.
4. Paid sponsorships
They are the actual goldmine for making money on YouTube. But getting a paid sponsorship is hard. For that, you might have too many free product features to get into that brand’s eye. You’ll have to engage with them on social media as well, ask them if they want you to do their sponsorship. And if you can get one, you can earn quite a good amount with paid sponsorships.