How to Make $1000 by Turning YouTube Views into Money
Creating and running a YouTube channel is one of the most creative, challenging, and rewarding projects you can undertake online these days.
For most creators, their YouTube channel is a hobby and a true labor of love. However, sometimes you hear of YouTube stars like MrBeast, who makes an estimated $14 million a year on YouTube ads alone, not counting sponsorships or merch sales, and you think, “Why not me?”
Content monetization is a big topic for creators big and small. Whether you’re just starting out on the platform or you’re planning to get into YouTube, you might wonder how to join the YouTube Partner Program and how much money per view on YouTube, you can expect to make.
How Much Money Do YouTubers Make?
The top 10 highest-earning YouTubers collectively made $300 million, a 40% increase from the previous year. MrBeast takes the lead with $54 million in earnings, followed by Jake Paul with $45 million, and Markiplier with $38 million in pre-tax revenue.
If a YouTuber has at least 1 million subscribers, they can make an average annual salary of $60,000. They can also earn $2,000-$3,000 for a video that gets 1 million views. The average YouTuber typically earns $18 for every 1,000 ad views, which means that they can make $600-$1,000 per week for an audience of 100,000 subscribers. Ad viewership is the primary source of revenue for YouTube creators, but there are other revenue streams available, such as sponsorships, merchandise sales, and affiliate marketing.
According to YouTube money stats for the top channels, here are YouTube’s top earners and their estimated earnings:
- Justin Bieber ($226 million)
- Jeffree Star ($200 million)
- Stevin John ($40 million)
- Felix Kjellberg ($40 million)
- Logan Paul ($35 million)
- Mark Fischbach ($35 million)
- Daniel Middleton ($35 million)
- Ryan Kajl ($32 million)
- Jake Paul ($30 million)
- Jimmy Donaldson ($25 million)
How to set up your YouTube Channel?
Start with creating a Google account and logging into YouTube. Pick a genre and a name ahead of time. Before you begin, make unique thumbnails and cover images. To keep a workflow going, it’s a good idea to start your channel with enough content already made. It’s a good idea to have two or three weeks’ worth of scheduled and ready-to-upload videos on hand. This will assist you in maintaining a regular and consistent routine. The fundamentals of video production recommend that you make mute-friendly videos with proper subtitles and a good voice-over. While smartphone cameras are acceptable for beginners, keep in mind that it is the shots and angles that make a good video outstanding.
Does YouTube pay-per-view?
The short answer to this question is: Yes, but not per video view. YouTube pays creators for ad views on their channels.
The standard way to make money from your YouTube channel is to let YouTube run ads on your videos. But you don’t just create a channel and wait for the revenue to roll in. To start making ad money, you need to join the YouTube Partner Program (YPP).
The YouTube Partner Program verifies creators and gives them access to monetization tools. You can imagine that there are lots of channels on YouTube that show copyrighted or low-quality content that wouldn’t be a good match for advertisers. That’s exactly what the YouTube Partner Program is trying to filter out.
How To Earn From YouTube
Maximize your views to leverage affiliate marketing
Affiliate marketing can be an incredibly lucrative way to turn YouTube views into money. Monetizing your channel through affiliate marketing is often best done for review-based content, whether it is a beauty product, digital services, or similar types of industries.
For example, if you are running a photography channel, you can create a review on a newly launched mirrorless camera, and share affiliate links in your video’s description section. You can also create YouTube cards and redirect viewers to your website or blog that contains the affiliate links.
When you recommend a product through an affiliate link, like Amazon, you will earn a commission from the product purchase. Depending on the affiliate partner’s policies, you can also earn a small portion from other products that the person buys on the website within a specified duration of time.
Run ads to turn YouTube views into money
Many creators use AdSense to monetize their content. They create great videos, optimize them, and earn passive income by running ads on their YouTube account With 500 hours of video content uploaded every day on the largest video-sharing platform on the web, it is often difficult to get a lot of views consistently.
Let’s say, for example, you would like to earn $1,000. Based on average industry standards, your video will need around half a million views to earn $1,000 in AdSense money. That works out to be about $2 per 1,000 views (CPM).
Of course, there is no magic CPM number. It differs based on countries, type of ads, and your channel’s performance. But there are ways to increase your CPM. To do this, you will need to create content on profitable niches. The best way to find such niches is to do keyword research to find competitive keywords with high cost-per-click (CPC).
Sell digital products through your YouTube channel
Selling digital products through a digital platform is a great way to diversify your income. Since you don’t need to keep physical stock, you will be able to sell an unlimited number of products without worrying about inventory, fulfillment, and shipping. Compared to affiliate marketing, selling digital-only products is often a more profitable way of turning your YouTube views into money.
To help get you started, here are some ideas on digital-only products that you can sell through your YouTube channel:
- Online tutorials (or webinars)
- Mobile apps
- Presets (for the camera, photography, graphics, etc)
- Templates (for banners, websites, blogs, etc)
- Email courses
- Membership sites
Although selling digital products may be less of a hassle compared to shipping physical products, they still require a lot of upfront work.