In making money on youtube, your audience might unlock your earning potential. However, it's the creation of multiple revenue streams that helps you actually make money.

Fortunately, there are many ways one can make a lot of money on youtube;

** Become a YouTube Partner and make money from ads.
** Make money on YouTube by selling products or merchandise.
** Crowdfund your next creative project.
** Let your audience support your work through "fan funding".
** License your content to the media.
** Work with brands as an influencer or affiliate.
** Let's take a deeper look at each one.

Also read :How to Build 7 Figure ecommerce Business with youtube

1. Make Money From Ads By Becoming A Youtube Partner
On Youtube, the first revenue stream you will likely explore is ads.

Before you can earn through this, you will need to set yourself up as a YouTube Partner. This is easily done by navigating through the Creator Studio section of your YouTube account, go to the Channel menu to verify your account and enable Monetization (click here to go there directly).

After you become a Partner, you'll need to have an AdSense account to opt into Google's advertising network to actually get paid and see ad revenue reports like the one below.

Once that's done, you'll notice a green "$" next to your videos in the Video Manager, indicating whether it's been enabled for monetization, which you can click on to access the monetization settings for each video.

2. Make Money On YouTube By Selling Products or Merchandise

When you sell merchandise—t-shirts, coffee mugs, tote bags, snapbacks, you name it, you would be amazed it has a benefit beyond revenue.

It increases your exposure by putting your online brand and personality out there into the offline world, and deepens the relationship between you and your fans as they literally “buy into” what you're doing.
You can order affordable designs tailored for specific products, like t-shirts, using freelance sites such as Fiverr.

And when it comes to handling orders and customers, you can integrate your store with services such as Oberlo or one of the many print-on-demand providers that take care of all the shipping, fulfillment and customer support, letting you reap all of the benefits of a dropshipping business that demands less effort on your part.

3. Getting Fund Support From Audience Support


Like crowdfunding a project, you can also set up “fan funding” streams to source donations from your audience.

As one who create videos, you are doing one great job by contributing your voice to the internet without forcing your audience to pay for admission. If your content indeed good, your audience might help you.

Many fan funding platforms offer creators another place for people to discover their content and a way to engage their most loyal audience and reward them for their support.