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How to Make Money on YouTube: 24 Things You Need To Know First

In a survey on 2019, it was found that American and British kids would rather be YouTubers rather than astronauts. I made an article titled Anything Wrong With American And British Kids Wanting To Be YouTubers Rather Than Astronauts?

Many kids are enticed by the low barrier to entry of becoming a YouTuber and the success stories of such rich YouTubers like PewDiePie and more notably MrBeast.

But with 51 million YouTube Channels already, can new and unknown YouTubers still make money from YouTube?

Here are a few things you need to know about YouTube first, especially if you are just planning or are a new YouTuber.
Note: This research was based on the top questions being asked online about YouTube.


24 Things You Need To Know:

1. Statistics About YouTube
2. How Does Making Money on YouTube Work?
3. How Much Does YouTube Pay?
4. How Much do Ads Pay on Youtube?
5. How Much Does YouTube Pay for Live Streaming?
6. How to get Paid on YouTube?
7. How to Start a YouTube Channel and Make Money?
8. How to get Monetize on YouTube?
9. How YouTubers Make Money?
10. How Long does it Take to Make Money on Youtube?
11. How to Make Money with YouTube Shorts?
12. How to Make Money with Music on YouTube?
13. How to Make Money on YouTube Without Showing Your Face?
14. How to Make Money on YouTube Without Making Videos?
15. How to Make Money on YouTube Without 1000 Subscribers?
16. How to Make Money Watching YouTube Videos?
17. How to Earn Money by Watching Ads on Youtube?
18. How to Make Money on YouTube Using Other People’s Videos?
19. How to Make Passive Income on YouTube?
20. How to Make Money with YouTube Automation?
21. How to Get Monetized on YouTube Fast?
22. How to Get Rich on YouTube?
23. How Much Money Can You Make on YouTube?
24. How Much Do YouTubers Make?


Final Words



The Details:

1. Statistics About YouTube

- YouTube is the 2nd most popular social media platform after Facebook
- More than 500 hours of video content are uploaded every minute on YouTube as of February 2020
- Global monthly active users: 2.56 billion
- Daily users per day: 122 million
- YouTube Premium has roughly 23.6 million subscribers as of 2021
- 62% of US internet users access YouTube daily
- UK children watch YouTube 59 minutes a day
- 40.9% of users use a smartphone to watch YouTube
- YouTube Shorts has 1.5 billion monthly active users
- Indians watch YouTube the most with 225 million users
- 197 million Americans watch YouTube
- The British average most views per person
- 56% of YouTube users are male
- It earned USD 19.7 billion in 2020, a 30.4% increase year-on-year
- MrBeast is the highest earning YouTuber. He raked in USD 54 million in 2021
- 70% of YouTube viewers made a purchase after seeing a brand on it
- Pre-Roll Skippable Ads convert the most
- Apple spent USD 237.15 million on YouTube advertising in 2020-2021
- 55% of Marketers use It
- The ideal YouTube video length is 10 minutes
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2. How Does Making Money on YouTube Work?

How do YouTube videos make money? YouTube monetizes videos by inserting Google AdSense pre-roll, display and other advertising formats in them. Advertisers pay YouTube based on clicks and impressions.

YouTube pays the content creator 55% of the advertising revenue and keeps 45% for itself.

Before a content creator can earn money from YouTube, they must first join the YouTube Partner Program. To qualify, the content creator must have at least 1,000 subscribers and their videos must have been watched a minimum of 4,000 hours over the prior 12 month period.

There are still others ways a content creator can earn from YouTube without Google’s AdSense like Brand Sponsorship from companies, Fan Funding with the likes of Patreon and Merchandise Sales.
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3. How Much Does YouTube Pay?

According to Forbes, YouTube pays roughly USD 5.00 per 1,000 views or USD 0.005 per view.

However, according to Yahoo! Finance, the average American YouTuber is paid USD 1,154 per week or USD 4,616 per month. In the same light, they are paid USD 0.18 per view or USD 18.00 per 1,000 views.

However, you still need to factor engagement rates, ad placement prices and YouTube’s cut. If viewers don’t finish watching your videos, you might not earn anything.

Ads are priced differently depending on the niche and the country it is being shown in. Also, as previously mentioned, you have to share 45% of your earnings with YouTube.

So, how much does YouTube pay for 1 million views? Forbes’ conservative approach is USD 5,000 per million views. This is after factoring engagement rate, varying ad placement prices and YouTube’s cut.
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4. How Much do Ads Pay on Youtube?

YouTube advertisers pay varying rates depending on the niche and the location of the viewer. They pay between USD 0.10 to USD 0.30 per view. On average, they pay out USD 0.18 per view.

Also, around 15% of viewers on average watch the requisite 30 seconds of the YouTube video advertisement to count for payment.
br<. Assuming we use the low end of USD 0.10 per view and YouTube takes 45% of your earnings, you would be left with USD 0.055. We then need to take 15% off the retention rate and you would be left with USD 0.00825 per view.

Consider also that the lowest performing videos in terms of views are in the ”People and Blogs” Niche which only average 2,354 views per YouTube video.

We are then left with an average earning of USD 19.42 per video on the low end.

Research shows that on average, a YouTuber spends 7 hours for every 1 to 5 minutes of YouTube video content. This means that a large number of YouTuber are not making money off their YouTube videos because they are making way below minimum wage rates.
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5. How Much Does YouTube Pay for Live Streaming?

There are a couple of ways to monetize YouTube Live Streaming. The first one is through AdSense ads where YouTube takes 45% of your YouTube Live Streaming ad revenues.

The second is via SuperChat. YouTube Live Streamers can entertain the request of their viewers like answering questions and be paid or donated with between USD 1.00 to USD 500.00.

The only difference between streaming a YouTube video and a traditional YouTube video is that you interact actively with your viewers just like a physical live performance.

With this mindset, you can also add pay-per-view and coaching lessons to your existing YouTube and non-YouTube monetization options.
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6. How to get Paid on YouTube?



How does YouTube pay you?: Through the AdSense Payments Program. Your earnings can be paid via Wire Transfer, Electronic Funds Transfer (EFT) and other methods depending on your location.
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7. How to Start a YouTube Channel and Make Money?

Step 1. You Need to Create a Google Account
If you use Gmail, Google Maps, Google Play or any other Google product that requires a login, you already have a Google Account. You can skip this.

Step 2. You Need to Create a YouTube Account
Once you have a Google account, you’re automatically set up with a personal YouTube Account. However, to use YouTube for your business, you need to set up a Brand Account.

To do this, just go to your YouTube Account page, click Create a Channel, and then enter a name for your Brand Account. This is all you need to do.

With a YouTube Brand Account, you can give multiple people administrative access. You can also customize the name and appearance of your account.

With Brand Accounts, you can access YouTube Analytics, which offers statistical insights about your videos like which content is popular.

Step 3: Create and Upload Your First YouTube Video
There are two ways you can upload a video in YouTube. The first way is if you have a smartphone or an iPad, you can click the plus (+) sign at the bottom of your YouTube App to start making a YouTube video.

The second way is to go to your YouTube Channel and click “Create” or the combined “camera and plus (+)” icon on the top right of your YouTube Channel. After doing this, you are now a certified YouTuber.
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8. How To Get Monetize on YouTube?

It has been stated that in order to make money from YouTube, you first need to create a Google Account, join the YouTube Partner Program and actually create or upload videos in YouTube.

It has also been stated that to qualify for the YouTube Partner Program, you must have at least 1,000 subscribers and your videos must have been watched a minimum of 4,000 hours over the prior 12 month period.

YouTube would then insert ads on your video and if the viewer of your video watches at least half of the ad, you would earn ad revenue. This is how To get monetize on YouTube.
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9. How YouTubers Make Money?

Via YouTube:
It has previously been stated that YouTubers earn money from YouTube via ads. But there are still other ways that YouTube allows YouTubers to earn money:

1. YouTube Premium:
You can earn a portion of a subscriber's fee when they watch your YouTube video.

2. Super Chat and Super Stickers:
Are bright messages and stickers that your fans can buy to show their support to you and also to help them stand out from the rest of your fans.

3. YouTube Shopping:
Allows you to sell your products like merchandise directly to your fans. All you need to do is to connect your online store to YouTube. This enables you to display your products on a shelf underneath your videos and live streams. You’ll also unlock the “Store” tab on your channel.

4. Channel Memberships:
This is a way to offer your biggest fans exclusive benefits like custom loyalty badges, emoji and members-only content when they join your channel as a paying member.

5. YouTube BrandConnect:
Enables you to connect with brands that want to partner for branded content campaigns.

6. YouTube Shorts Fund:
This gives eligible YouTubers who create YouTube Shorts access to $100M across 2021 and 2022.

7. Super Thanks:
It allows viewers to buy a 'clapping' animation shown only to them on top of your channel's video. The purchasers would also get a distinct and colorful comment in the video&apos:s comments section.

If you want more information, read YouTube’s article titled: How to make money on YouTube.


Via Non-YouTube Monetization:
1. Endorsement and Sponsorship Deals:
Since YouTubers are basically media personalities, they can earn money by endorsing anything and can even be sponsored.

2. Selling Digital and Physical Products Without YouTube:
Since YouTube is one of the best platforms for advertising, YouTubers can advertise their products on YouTube at no cost.

3. Fan Funding with the Likes of Patreon:
If a YouTuber is lucky enough to establish a following, they not only can endorse or sell products, but also ask their loyal fans for financial support.
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10. How Long does it Take to Make Money on Youtube?

If you mean via YouTube, there is no barrier to how soon you can make money off YouTube. All you need to do is to qualify for the YouTube Partner Program.

To qualify, you must have at least 1,000 subscribers and your videos must have been watched a minimum of 4,000 hours over the prior 12 month period.

However, even if you don’t qualify for the YouTube Partner Program, you can still earn money by non-YouTube monetization as previously discussed.

But your earnings would be severely limited because of your very small subscriber numbers and the limited viewer engagements on your videos.

It’s best that you concentrate first on building your subscriber numbers and viewerships first before concentrating on monetization. Without a lot of subscribers and viewer engagement, you would hardly earn anything if any.
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11. How to Make Money with YouTube Shorts?

There are two ways you can earn money from YouTube Shorts:
1. Collect YouTube ad revenue based on the YouTube Shorts Fund Program.
2. Non-YouTube monetization

Of the two above, there are more opportunities to make money via non-YouTube monetization. This is because, you, as a YouTube Shorts content creator are not restricted much by the monetization guidelines of YouTube if you use non-YouTube monetization.

You could create several YouTube Shorts and monetize them without using YouTube in the time it takes you to create a traditional YouTube video.
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12. How to Make Money with Music on YouTube?

Your music which is an audio can be mixed in with other audio, images and videos to create a YouTube video. You can upload a single song, an entire album and in fact, any kind of sound.

You can monetize your music YouTube video via the YouTube Partner Program or via non-YouTube monetization.
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13. How to Make Money on YouTube Without Showing Your Face?

There are many reasons why you, as a YouTuber, may not want to show your face in your YouTube videos. But many YouTubers have been doing this for a long time already. At most, they only show their hands to handle the products they are showing in their YouTube videos.

Here are a few examples of how you can make YouTube videos without showing your face:

1. Illustration and Animation Videos:
Illustrate or animate using your hands without showing your face.
2. Meditation and Motivational Videos:
Play audio of meditation and motivational talk and sounds coupled with meditation and motivational backgrounds.
3. Movie Videos:
Just play the movie.
4. Music Videos:
Just play the music.
5. Nature Videos:
Just show plants, animals, and other nature scenery.
6. News Videos:
Tell the news and show news image and videos without showing your face.
7. Podcast Videos:
Play the podcast with an image or video background.
8. Product Reviews Videos:
Review the product by just using your hands to manipulate the product.
9. Quotes Videos:
Just play the quotes with an image or video background.
10. Videogame Plays, Reviews and Walkthroughs Videos:
Play or review the videogame showing only the video game screen in your computer or game console. Alternatively, you can show a walkthrough of a videogame by showing only parts of the videogame.
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14. How to Make Money on YouTube Without Making Videos?

There are 4 ways to make money on YouTube without making videos:

1. Audio Videos: Create YouTube videos whose content is only audio and at most background images.
2. Show non-copyrighted ready made videos.
3. Hire assistants and freelancers.
4. Servicing other YouTubers.

1.1 Meditation and Motivational Videos
: Usually contain only meditation and motivational audio and at most a background image.

1.2 ASMR Audio (Autonomous Sensory Meridian Response): ASMR is a tingling sensation generated by someone after hearing audio triggers like scratching, tapping and whispering. Again, the video contains only ASMR audio and at most a background image.

1.3 Sound Effects Videos: Some examples are audio of animal sounds, construction sounds, nature sounds, and the sounds of running vehicles like planes and trains. Again, the video contains only sound effects audio and at most a background image.

1.4 Music Videos: Audio contains music and at most a background music. The music can be a single song or an entire album.

1.5 Podcast Videos: Contains the podcast audio and at most a background image.

2.1 Non-Copyrighted Videos: You can show ready made videos already like non-copyrighted stock videos and movies. You can usually find these videos in the Public Domain.

3.1 Maybe your issue is that you cannot personally make YouTube videos of such a caliber that they can compete with the quality of an average YouTube video.
There is however, a solution to this if you are willing to spend money. You can pay assistants and freelancers to do your YouTube videos for you.

4.1 Lastly, you don’t create the YouTube video yourself but only assist other YouTubers to make their YouTube videos. This might entail creating the audios, images, and text scripts of other YouTubers.
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15. How to Make Money on YouTube Without 1000 Subscribers?

There are many searches for this question online. Similar questions are: ”How to Make Money on YouTube Without Monetization?” and ”How to Make Money on YouTube Without Ads?”

This is the usual problem of many YouTubers especially those who are just starting out or are finding it impossible to grow their YouTube channel such that it meets the YouTube Partner Program.

The solution to this is to monetize your YouTube channel using non-YouTube monetization methods. This includes such methods as endorsement and sponsorship, selling digital & physical products and crowdfunding using the likes of Patreon.

But as advised earlier, even if you do monetize your YouTube videos despite having less than 1000 subscribers, your earnings won’t amount to much because you don’t have much viewers who would support you financially.

It is much better first if you concentrate on growing your subscriber numbers rather than concentrate on monetization at the onset. Earning good money in YouTube can take some time so you need to be patient.

However, you may be in a situation where you have many views and a lot of viewer engagement but less than 1000 subscribers. In this case, you can aggressively but politely request from your viewers to subscribe to you.
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16. How to Make Money Watching YouTube Videos?

Making money this way is enticing but don’t be fooled. There are websites that promise visitors that they are not a scam, but in reality you would hardly make money legitimately and you would likely be spammed when you give these websites your online contact details.

Take note that even just giving out your name and email address online at the minimum can be enough for online scammers to scam you. So be very wary.

Perhaps watching this YouTube video titled: Make Money From WATCHING YouTube Videos - Worldwide (I Tried It) by the Journey With The Hintons YouTube channel would give you an idea of what can happen to you when you sign in to these websites.

Don’t be fooled by the flowery explanations of these websites and the YouTubers who recommend them. What they will or won’t explain to you is that you won’t actually earn money by watching YouTube videos. Rather, you would supposedly earn money by recommending the YouTube videos you are supposed to watch to others.

And, as the YouTube video by the Journey With The Hintons would show, you would be bombarded with ads which is how these websites actually earn money: by showing you numerous ads aggressively.

However, you could try Micro Jobs websites such as Swagbucks. Maybe you’ll get lucky and find a micro job that actually pays you to watch a YouTube video and do a bit more like commenting on the YouTube video.

As what you’ll be doing is a micro job, don’t expect to be paid a lot. Micro jobs usually pay in cents and not dollars for tasks completed.
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17. How to Earn Money by Watching Ads on Youtube?

I have found online articles and YouTube videos stating that you could be paid by watching ads, but not one specifically stated that the ads you would watch are YouTube ads.

If ever there are jobs that pay you to watch YouTube ads, they would more than likely be legitimately offered only on micro job websites such as Swagbucks where the pay would likely be in cents and not in dollars.

Besides watching the ad, you would more than likely be asked to do some more tasks like commenting on the YouTube ad you just watched.
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18. How to Make Money on YouTube Using Other People’s Videos?

You can use videos which are in the Public Domain or those under the Creative Commons’ attribution.

As the name implies, public domain videos are videos which are out of copyright and now belong to the public where everyone can freely do what they want with the video.

Creative Commons videos are videos that are free to use but some conditions must be followed by the user depending on the type of the creative commons video.

For example, some creative commons videos can only be used when you attribute the owner of the video. Some creative commons videos can only be used for non-commercial purposes.

Ideally, you should use only creative commons videos of the type “CC0”. This means that the video can be used without attributing the owner and can even be used on a commercial basis.

To find public domain and CC0 videos in both Google Search and YouTube, you could simply use such keywords as: “public domain videos” and “cc0 videos”.
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19. How to Make Passive Income on YouTube?

The moment you are approved for the YouTube Partner Program, your YouTube videos would make passive income for you as long as viewers watch and/or interact with the AdSense ads in your YouTube videos.

Selling digital products via your YouTube videos also counts as passive income. This is because you don’t need to do anything else after uploading your digital products in your website and advertising them in YouTube.

You can even integrate your digital products e-commerce website with your YouTube videos via YouTube Shopping.

Strictly speaking, the term Passive Income means doing something once and after this, you would forever earn income from it. The two monetization method mentioned previously strictly applies to this meaning.
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20. How to Make Money with YouTube Automation?

Just what is YouTube Automation? This is when the owners of a YouTube channel don’t interfere with the operations of their YouTube channel. They merely provide financing and collect their income.

They outsource the content creation and operations of their channel to assistants and freelancers. They usually use cheap freelancers in freelancing platforms like UpWork and Fiverr.

Their channels are faceless channels that usually incorporate stock footage or simple animations with voice overs, so they do not involve a YouTube influencer.

One example of such a channel is the Bright Side YouTube channel who produces all sorts of videos from different niches but still manages to earn over a million dollars in revenue each year. It is even reported that they earn more than 4 million dollars a year.

The Bright Side YouTube channel produces a minimum of 3 YouTube videos a day. As of the writing of this article, they have 44.5 million subscribers, 10.6 billion views and 5,589 YouTube videos.

This shows how a well oiled YouTube Automation business can be very costly but very profitable.
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21. How to Get Monetized on YouTube Fast?

Every YouTuber wants to be monetized as fast as they can. But being accepted in the YouTube Partner Program can be very daunting. There are 51 million YouTube channels but only 2 million of them qualified for the YouTube Partner Program.

This is a very disheartening statistic if you are just a new YouTuber and haven’t made it to the YouTube Partner Program. You only have a 3.9% of getting your YouTube channel monetized through YouTube.

There are a few strategies you can implement to improve your YouTube channel’s chance of being monetized, like uploading high quality YouTube videos as fast as you can.

However, before you start, you should thoroughly study and understand YouTube SEO or Search Engine Optimization. Being good at YouTube SEO means knowing what kinds of videos are popular for a certain niche and what are the characteristics of these videos.

It is useless to produce countless high quality YouTube videos that no one watches because they are not interested in them. A poor quality YouTube video whose content many are interested in will make more money than a high quality video that no one wants.

The SEO industry was worth USD 68 billion in 2022. This signifies how important SEO is in the digital products industry which includes YouTube videos.
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22. How to Get Rich on YouTube?

There are people who want supposedly insider or secret tips on “how to get rich on YouTube”, “how to make 10k a month on YouTube”, ”how to get 1 million views on YouTube”, “how to get 1 million subscribers on YouTube” and so on.

According to a 2015 video by MrBeast, hypothetically, each 1,000 YouTube views is worth USD 1.00 and so 1 billion YouTube views is worth USD 1 million. As of 2015, there are 298 YouTubers with over a billion views each.

There are 51 million YouTube channels. This means that only 0.0006% of YouTubers are millionaires in dollar terms.

There are also 2 million YouTube channels that belong to the YouTube Partner Program. This means in theory at least that there are 3.9% of YouTubers earning money from YouTube. This means that it is very hard to get rich, if you want to be a millionaire at least, off YouTube.

To truly earn any sort of money from YouTube, you should do at least the following:
1. Be a master of YouTube SEO;
2. Upload as much high quality YouTube videos as fast as you can and;
3. Explore all possibilities of YouTube and non-YouTube monetization.
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23. How Much Money Can You Make on YouTube?

There is no per country statistic on how much YouTubers earn per country. However, according to Yahoo Finance!, the average American YouTuber in 2022 earned about USD 1,154 per week or USD 4,616 per month.

However, it is noteworthy to repeat that of the 51 million YouTube channels, only 2 million YouTube channels belong to the YouTube Partner Program. This means in theory at least that there are only a maximum 3.9% of YouTubers earning money from YouTube.

However, this reflects that YouTube is just like any business where there is a high rate of business failures over business success. The advantage of being a YouTuber is that you don’t have to spend a lot of money to be in the YouTube content creation business.
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24. How Much Do YouTubers Make?

Various sources online give conflicting figures on how much a YouTuber actually earns on average per 1,000 YouTube views. The range is from USD 1.00 up to USD 180.00.

However, to inspire you and to give more realistic figures of how much a YouTuber can actually earn, here is the Forbes 2022 list of the highest earning YouTubers in 2021:

1. MrBeast (Jimmy Donaldson)- USD 54 million:
His views doubled in 2021 which elevated him from 2nd to 1st place as the highest earning YouTuber in 2021.

He also earned a lot from MrBeast Burger, an app and menu that allows his fans to order MrBeast branded meals from 1,600 restaurants across the country that have partnered with him to fulfill the orders.

MrBeast handles the marketing and pushes the burgers to his nearly 90 million YouTube subscribers. He and the restaurants then split the profits from the burgers which has so far sold 5 million burgers.

2. Jake Paul- USD 45 million:
A popular boxer. He makes millions off YouTube but makes 90% of his earnings on boxing.

3. Markiplierl (Mark Edward Fischbach)- USD 45 million:
Uploads mainly gaming content but is exploring being a TV star.

4. Rhett and Link (Rhett James McLaughlin and Charles Lincoln “Link” Neal III)- USD 30 million:
Their YouTube empire started with Good Mythical Morning and followed by other equally popular YouTube channels like Mythical Kitchen. They also have the Mythical Accelerator Fund where they invest in other YouTubers.

5. Unspeakable (Nathan Johnson Graham)- USD 28.5 million:
Mainly creates Minecraft related video content across his 4 YouTube channels. But his entry to the list has more to do with his lump sum sale of his YouTube video catalog to Spotter: a startup that invests on YouTube videos.

6. Nastya (Anastasia Sergeyevna Radzinskaya)- USD 28 million:
Relays her everyday life as a young kid. She also sold her catalog of videos to Spotter which enabled her to expand her YouTube business.

7. Ryan Kaji- USD 27 million:
This kid made his YouTube millions by reviewing toys and by kid friendly educational content. His YouTube channel: Ryan’s World remains popular despite slowly losing momentum.

8. Dude Perfect (twins Coby and Cory Cotton, Garrett Hilbert, Cody Jones and Tyler Toney)- USD 20 million:
They are known for the crazy stunts they perform. They also actively tour.

9. Logan Paul- USD 18 million:
He also pivoted largely into boxing like his brother Jake.

10. Preston Arsement- USD 16 million:
He owns a couple of YouTube channels of which he mostly plays games which are predominantly Minecraft.
According to the Forbes: The earnings estimates are pretax. This means that fees to agents, managers and lawyers have not been deducted. This means that the actual earnings of these YouTubers are much lower.
As you can see, just like any business, you can become a millionaire by being a YouTuber. The advantage of a YouTube content creation business is that you don’t need a lot of money or education to start one.
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Final Words

There are many ways of earning money from YouTube. You can monetize your YouTube videos by employing YouTube and non-YouTube monetization strategies.

However, your first concern must be to get approved on the YouTube Partner Program. Once approved, you can theoretically start earning money from YouTube.

However, as of the time of writing this article, only 3.9% of YouTubers have passed the YouTube Partner Program. Also, as of 2015, only 0.0006% of YouTubers actually became millionaires in dollar terms.

This means that making money in YouTube just like many other businesses is very hard. But don’t be disheartened, just like what MrBeast and the other millionaire YouTubers have shown, there is a lot of money to be made in YouTube.
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You Might Be Interested To Read This Article:

How To Make Money From Your Website: 11 Most Common Ways

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