YouTube.com is currently the biggest and most popular video sharing and streaming website in the world that allows users to make money online by creating their own videos. The website was launched in 2005 by ex-Paypal employees and was later acquired by Google. Users from anywhere in the world can upload, view, share and comment on videos. The video content is mostly uploaded by individuals as well as groups and media companies like BBC, ABC, Hulu etc.
Being a huge platform for video screening, Youtube currently has more than 1 billion users and they comprise of almost one-third of the world wide web. More than 88 countries have localized version of youtube and you can navigate in 76 different languages. Youtube earns its revenues with the help of Google Adsense which is the most popular advertising and publishing platform powered by Google itself. Users can also make money with Youtube by uploading their videos. However, there are some steps involved to be able to start earning which we will discuss in this guide.
HOW IT WORKS
While Youtube offers a wide range of videos including music, movies, tutorials etc to be uploaded by the users, it also offers an opportunity for the viewers to earn money from it too. Most of the users who regularly upload videos don’t know about it simply because they never have gone through those features. While Youtube earns its profits from Google Adsense, it also allows it’s users to also share those profits. The feature that allows users to make money by uploading videos is called Monetization. In order to be able to start your earning on Youtube you basically need two things, a Youtube account and a Google Adsense account. If it sounds complicated don’t worry, we will be going through the whole process step-by-step below:
The first step is to get registered on Youtube. You obviously will not be able to upload any video or earn commissions without creating your account on Youtube. To create a Youtube account you will first need to create a Google account. Click on this LINK to get started.
Assuming you have created your youtube account, now is the time to create a Youtube Channel. A Youtube channel is you official presence. To put it simply, a channel is a collection of your Youtube videos that you upload. You can name your channel, create its logo, add a description and add videos to it. Simply go to the My Channel tab in the left panel on your dashboard as shows in the picture below.
In the My Channel window you can create your channel name, change the description, add a cover photo, and most importantly, you can start uploading videos. By default the channel name is your username and you might want to change it. That’s how simple it is to start your own channel on Youtube.
The next step is adding videos to your channel. You cannot expect to earn anything without uploading videos. Here is how it works, you upload your videos, users view your videos, you put ads on your videos and when the users click those ads you earn commission. To add a video to your channel, you simply have to click the Upload button on the top-right corner of the screen as highlighted in the picture above. Once you click the Upload button you will be taken to the Upload Video screen as shown below:
After uploading the video you will see the Upload status screen where you will be able to give a title to your video, add a description, add tags, choose the right thumbnail for preview and Publish the video as shown below:
Now that you know how to add videos to your youtube channel, the next step is to make them ready for earning revenue.
In this step we will learn how to monetize the videos or in simple words, enable those videos to earn revenue. To enable Monetization on your Youtube channel, you first need to go to Creator Studio. To do that click your User icon on the top-right corner and click on Creator Studio as shown below:
In the Creator Studio screen you should be able to see a number of options on the left menu. From the left menu you can manage your videos, setup Live video streaming, change your subscription settings, check your visitor trends, configure branding for your videos and of course, enable monetization for your videos. To do that click on the Channel drop down on the left panel and click on Monetization. Now you need to click on the Enable monetization button as shown below:
Once you have enabled monetization for your Youtube channel, you need to enable monetization for each of your videos individually. To do that you will have to go to the Video Manager from the left panel. Once you’re in the Video manager you will be able to see the list of videos that you have uploaded. On the right side of each video you can see a $ sign. To enable monetization simply click on the $. Then you will be taken to the next screen where you will see monetize with ads option. You will have to enable it as shown below:
Once you have done that, the hard part is over. You have enabled your videos for monetization.
This step is the most important one so you have to go through it very carefully. First you need to understand how earning from videos really works. As mentioned above, Youtube earns its money from Google Adsense which is a payment platform for publishers. To be able to show ads on your videos and make money with youtube, you need to have a Google Adsense account and then you need to link it with your Youtube account. Otherwise you can never receive any profits for your videos. To apply for an Adsense account and link it, go to the monetization page through this LINK. Now under the “How will i be paid” option, click on the Associate an Adsense account link as shown below:
After clicking that link you should see the screen as shown below:
Now you will need to use your existing Google account that you used to create your Youtube account to create a Google Adsense account. We know this may seem a bit complex but once you get going with the system using it will be a breeze. You will need to provide your personal details in order to complete the verification process.
In your adsense account you can also choose the payment method that’s most suitable to you for collecting payments. You will also be able to see how much you have earned in the Google adsense Dashboard which looks like this:
Practically, all the steps above are all that you need to do in order to start making money for your Youtube videos. In this step we will see how to check the number of viewers you are getting for your videos and also how much revenue your videos are generating. To do that, inside the creator studio, click on the Analytics section on the left Panel. You will be able to see different option for generating reports under it including Overview, Revenue reports, Demographics, Subscribers, Likes & Dislikes, Comments etc. as shown below:
Once you have understood and completed all of the steps, that’s all you need to do to start earning from youtube. With monetization enabled and google adsense properly configured, ads will start showing on your videos automatically and you will start earning money. The most important thing that you should understand is that you will only be able to earn good commissions if you have uploaded good quality videos that viewers like. You should also be able to market your videos to get more and more viewers watching them.
IMPORTANT THINGS TO KNOW
Once you have completed all the requirements to enable your Youtube account to start generating revenues, there are some key points that you should know when you start uploading your videos. You need to make sure that your videos and your marketing procedures fully comply with Youtube policies. If you violate any of the policies your account will get banned almost immediately. Here are the few things that you need to understand:
Youtube will automatically insert ads inside or near your video after the monetization approval.
The key factors that determine how much money your videos will earn include the “type of your ads” and the “pricing of your ads”. The type of video and keywords used in the title of the video. will determine these factors.
To ensure that your videos are eligible for approval and monetization you need to make sure that you own the commercial usage rights of the whole video and the video is completely original you are the sole creator. There are some community guidelines that your videos must comply with.
Your videos will only be eligible if you are the creator or you get exclusive permission from their owner.
You need to show the written permission for these elements:
Sound recordings with copyrights, live audio performances, background music etc.
Photos, images, logos, banners, software etc.
Any other elements that you do not have usage rights to
As mentioned above the mode of payment for youtube videos is through Google adsense. You will need an Adsense account associated with Youtube. The payment cycle is monthly and the payments are issued between 21st and 26th of every month.
Also you should know that depending upon your payment country Adsense will offer you the option to select different methods of payment including Electronic funds transfer, Checks, Wire transfer and Western Union quick cash. That means you can get paid in almost any country in the world.
In our opinion Youtube is a great option to have as a permanent source of income. The best part is that anyone with a bit of practice can start doing it. If you know how to make interesting videos you’re gonna nail it.
In any type of profession you always have something to share with people and what’s better than sharing your knowledge and tips by creating a video about it. People are making thousands of dollars a month just by sharing their opinions, tips, guides and tutorials. Of course if you have other artistic skills like acting and singing then you have the perfect platform to build your audience and make money with Youtube. One of the best things about earning money with youtube is the variety and reliability of payment options.
You can have them send you your payments directly to your bank account or your nearby Western Union franchise. Once you get the hang of creating good quality videos and marketing them over internet, your pay checks will start growing bigger. This is surely a win-win for everyone.