YouTube is currently the most powerful video-sharing platform in the world. Since its launch in 2005, it has produced numerous millionaires, with the highest-earning star pulling in $12 million in revenue in 2015 (Forbes). Plus, according to YouTube, the number of channels that hit six figures in annual earnings through the platform is doubling each year.
We rounded up ideas from the pros to show you first how to make money on YouTube, plus some tips on how to make sure your channel is a success.
Adhip Ray how to make money on youtube - tips from the pros 1. Try to Make Videos That Don’t Have Too Much Competition
Adhip Ray, Founder, WinSavvy
Find a topic where there aren’t many other videos and then exploit it. For example, if you try to review tech gadgets, your video will be buried under the many other reviews that flood YouTube. But, if you make something more creative, like “15 Apps That Make You a Genius,” chances are you will rank higher in searches in the relevant categories. Always try to find unexploited sub-niches within your niche on which you can create videos.
Chelsey Heil how to make money on youtube - tips from the pros 2. Be Consistent with Your Videos
Chelsey Heil, CEO, Creatives by Chelsey
YouTube is paying less and less for views these days. Fortunately, you can stack different business models to maximize your income. To start, focus on making as many high quality videos as you can and be regular in your schedule. These will need to be mostly reviews, advice and experience-based videos for this tactic to work. When you have lots of videos, you’ll show up in all kinds of searches. Makes sure you enable ads on your page and then recommend affiliate products in your videos. To use this strategy, find a product on Amazon or Clickbank, review it in the video, then include a link in your description and make sure you tell people to click the link in the description. When they buy the product, you get paid a commission.
Mohit Gangrade how to make money on youtube - tips from the pros 3. Create and Sell Information Products
Mohit Gangrade, Freelance Writer and Internet Marketer, MohitGangrade.com
If you know a professional skill, you can teach it to make money. If you are a graphic designer, you can teach graphic design. Even if you don’t have a skill you can teach, you can learn a new skill quickly. And don’t worry about not being an expert.
Once you know what skill you will be teaching, start creating free YouTube videos on the subject. For example, if you are good with Photoshop, make videos on how to edit pictures or design logos in Photoshop. To get views on your videos, make a list of all the people who are making Photoshop tutorials. Once you do that, make another list of the top five videos of these competitors. All of these videos have been proven to work. If you make similar videos with similar titles and similar video tags, you have a very high chance of getting discovered.
Once you have at least five to six thousand YouTube subscribers, you can launch an information product. Basically, a premium video course on Photoshop where you teach your subscribers the basic. Because you have already helped your subscribers with the free videos, they will be likely to buy your video course.
Garrett Smith how to make money on youtube - tips from the pros 4. Make Money with Video Blogs
Garrett Smith, CEO, InboundMD
With a video blog, you will generate income by creating work from your expertise. The video blog places you as a subject matter expert and people want to work with the best. When a viewer begins to need services around information you have already talked to them about, they will come to the experts first. They may come to your YouTube channel for something that they cannot complete on their own. Now that you have provided them with advice on a topic, they complete the task successfully. They will now come back to you on bigger projects or smaller ones they don’t have time for.
The nice thing about a video blog is it is for anyone in the services industry. You can be an auto mechanic, marketing agency, doctor/physician, in home improvement, and so on. Anyone who provides a service to a consumer can talk to show their expertise on topics. People are doing much of their research prior to purchasing these types of services, so why not show the consumer your expertise and why they should buy your service over anyone else’s. Buying a product is usually just price, but when buying a service, you want to know who you are working with.
Sophie Miles how to make money on youtube - tips from the pros 5. Become a Bitcoin Expert on YouTube
Sophie Miles, CEO, QuotesCalculator
Talking with my group of entrepreneurs, we have discovered that we have something in common: we all want to invest in bitcoin, but we do not know exactly how. Virtual currencies have become a revolutionary concept in the field of monetary transactions. But because the change was so abrupt, there is still a great lack of understanding about this new way of doing business.
It could be possible sell traffic to exchanges that buy and sell cryptocurrencies and then, if the channel reaches enough subscribers and visualizations go up, the main source of income would be the platform itself.
Submitted October 30, 2018 at 10:47AM by VentureXBrinks https://www.reddit.com/r/MakeMoney/comments/9srwq8/5_fastest_ways_to_make_money_on_youtube/?utm_source=ifttt
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