Around the globe, five billion YouTube videos are watched every day. YouTube is as popular as ever with users spending an average of 40 minutes per YouTube session.

In line with this digital shift, the next thing you should learn is how to make money on YouTube. All you need is video editing software and a computer and you can get started on YouTube.

Making money on YouTube is no longer exclusive to a select few platinum musicians, specific entrepreneurs or huge influencers. There are plenty of opportunities for everyday people to make money from YouTube.

However, you have to be more strategic in your approach.

In this article, I’ll go over the different ways you can start making money on YouTube this year.

Let's get started.

While it is possible to make significant income from your YouTube account as a content creator, it is not the easiest either. 500 hours of video are uploaded to YouTube every single minute across the world.

Numbers don’t lie. Therefore the competition is pretty intense, and making a lot of money online becomes more challenging. Here are some powerful strategies you can employ to jumpstart your earning potential from YouTube.

1. Become a YouTube Partner and earn from video ads.

For many YouTubers, ads are the most essential YouTube revenue stream.

As a YouTube Partner, you make money in different ways. You can make money from ads before your videos, channel memberships, or Google AdSense banner ads.

However, there are some ground rules to observe before becoming a certified YouTube Partner as well as some prerequisites needed to start. Aside from adhering to YouTube’s ad rules, you must amass a minimum of 4,000 video watch hours on your channel in the last 12 months and have 1,000 subscribers.

There is no concrete timeline or format to get these foundational 4,000 watch hours and 1,000 subscribers but with the help of More Fan Base platform [url]morefanbase.com[/url] reaching the minimum required watch hours and subscribers will be lot more easier.

For example, the famous international hit Gangnam Style took an enduring five months to achieve 1 billion views. However, Despacito ended up being a viral video much faster, rushing to 1 billion views in barely 97 days.

After successfully achieving the 4,000 hour-threshold and winning your place as a YouTube Partner, you can start to earn money from ads.

However, you may not always be able to base your revenue generation on YouTube from advertising alone. There are other avenues by which you can consolidate your earning potential on YouTube.

Doing a live stream here and there is also a great way to earn money. People love the live element and the real-time factor. If you have a loyal fan base who religiously watch your stream, then they will definitely want to buy from you.

In addition, the ability to have super chat and super stickers is something that YouTube has introduced. With these features, your YouTube premium subscribers can buy chat messages that are different than regular ones that can be put at the top of your chat feedback.

This means that there is another revenue stream that you can profit from. This can be a great way to earn money from your fans other than the ads you have on your videos.

2. YouTube Monetization: Use affiliate links on YouTube.

Promoting affiliate links can be a massive earning opportunity for channels that offer in-depth tutorials as well as insightful product reviews. For example, if you recommend a product and a user visits your link to buy, you’ll start earning commissions. You can place these links in the first few lines of your description and speak about your link in your video content.

Posting affiliate links on YouTube shares a typical resemblance to promoting affiliate links on your blog. Thus, you shouldn’t pour affiliate links all over your YouTube content just for the monetary benefit (after all you want your videos to be seen as exclusive content that your audience can't just get anywhere else). Don’t forget that viewers will only follow these links when they believe you are a trusted resource.

To build trust with your viewership and get more subscribers, help them solve concrete problems and provide tutorials. As a bonus, you can create videos that offer solutions you have previously accomplished yourself.

There are plenty of affiliate programs for you to join. You can join many different programs in one place on a popular affiliate network like Shareasale or Awin.

The best YouTube premium revenue can be earned by starting a blog in unison with your YouTube channel and add affiliate links there too. That way, you're monetizing YouTube (while keeping in mind monetization policies and eligibility requirements) and also have a website on a platform that you own yourself.

3. Make Money on YouTube with Funding from Your Fans.

If you’ve built a following of loyal fans, encouraging them to crowdfund your channel can help you fund your new videos and profit.

A crowdfunding platform like Patreon introduces more seamlessness to the process of getting paid for your content. For as little as a dollar, your fans can make subscriptions to their favorite channels, even going home with some exclusive rewards from their favorite content YouTube creators.

For-profit and nonprofit channels alike are leveraging this fan-funding with their audience to keep their video operations running smoothly. As long your content is interesting, entertaining, or providing value, you would be amazed at how your viewers open the floodgates of generosity.

Understanding the demographics of your audience is also crucial when deciding how to ask for donations.