How To Monetize Your YouTube Channel 2023-2024 | Complete Guide

Meaning of  YouTube Monetization

The potential to make money from your videos on YouTube is known as YouTube monetization. To be eligible for YouTube’s monetization program, there may be certain requirements that you must meet., such as 1,000 subscribers to your channel and 4,000 watch hours over the past 12 months. We’ll explore the requirements at length later.

YouTube Monetization Rules

If you want to monetize your YouTube offerings, start by following these seven monetization rules.

1. Create an AdSense Account

This rule will be a significant starting requirement, so get it out of the way first. AdSense is Google’s in-house ad platform used to promote and sell advertising space via different channels, and yes, that includes YouTube. Link that account to your YouTube account.

2. Learn the YouTube Partner Program Requirements

Your next step is joining the YouTube Partner Program or YPP. Membership provides access to resources such as the merchandise shelf and channel memberships. Here are the criteria you need to meet before YouTube even considers you for YPP membership:

• • Prove you’re following YouTube’s monetization policies
  • Users must have watched your content for at least 4,000 hours over the past 12 months
  • You need at least 1,000 subscribers
  • You need a linked AdSense account
  • You must be located somewhere where the YPP is available
  • Your channel has no community guidelines against it
  • You’re following YouTube’s monetization policies (see below)
  • You have an extra layer of security via a two-step verification on the Google account associated with your YouTube channel.

3. Enable YouTube Monetization

Once your application is approved, open your YouTube Studio, select “Enable Monetization,” and follow the instructions.

4. Follow the YouTube Rules on Monetization

There are many rules to follow, and your channel will be monitored to verify that you comply. These policies include:

• • Google AdSense policies
  • Community Guidelines
  • Copyright
  • Monetization policies
  • YouTube’s Terms of Service

5. Stay Within Copyright Laws

License Your Background Music. Copyrights are serious business. Consider using Lickd to add good music to your videos.

6. Things to Avoid If You Want to Monetize YouTube Content Effectively

Avoid these pitfalls, or you will scare away potential advertisers:

• • Controversy and misleading or false statements. We have freedom of speech, but it comes with responsibilities. For example, you may get dinged by deliberately creating controversy with misleading, inflammatory language.
  • Excessive bad language. A few swears won’t get you in hot water, but, as in the movie rating system, excessive obscenities get you flagged.
  • Misleading thumbnail previews. If your video is about how to clean an assault rifle and the thumbnail image is a basket of fluffy kittens, your video could get flagged for misleading content.
  • Unnecessarily shocking content. Although this isn’t a deal-breaker, advertisers are wary about being associated with controversial content of questionable taste, especially if there appears to be no reason for it.

7. Other Tips to Make Money on YouTube

Finally, expand your horizons and consider these other monetization methods:

• • Merchandising.: People love tchotchkes (e.g., t-shirts, mugs, hoodies, keychains, ball caps)
  • Affiliate link clicks: Join an affiliate program and get commissions from referrals.
  • Sell your video rights: Other brands might be interested in licensing your videos for their monetization purposes!
  • Get fan patronage: Use platforms like Patreon to offer your viewers extra features and special perks for their monetary support.

YouTube Channel Monetization Policies

Let’s expand on two critical steps in YouTube’s channel monetization policies. We’ve touched upon some of these concepts earlier.

1. Applying to the YPP (YouTube Partner Program)

It takes YouTube about a month, maybe longer, to review your membership application and reach a decision. YouTube will check these criteria during the application process:

• Main theme
• Most viewed videos
• Newest videos
• The biggest proportion of watch time
• Video metadata (e.g., titles, thumbnails, descriptions)

2. Avoiding Copyright and Monetization Mistakes on YouTube.

As we said before, copyright infringement is a serious offense on YouTube. Therefore, you should upload only videos you have created or have permission to use. Also, copyright encompasses audio and music tracks, videos that other people make, and other copyrighted works. Policy violations can result in:

• Account termination or suspension
• Removing all advertisements from your videos
• Getting suspended from the YPP

The Top Ways to Monetize on YouTube

Here, at last, are the top ten ways to conduct YouTube monetization:

1. YouTube Ads

This way is the simplest, most basic, and most accepted means of monetization. These ads appear before or during a video, and you can control their placement via several YouTube ad formats.

2. Affiliates

Have you ever seen a video where the host provides you with a link to visit a company’s site and consider purchasing their goods and services? That’s an affiliate program. You earn a commission for each successful purchase.

3. YouTube Premium

YouTube Premium is a subscription service where members can download videos and watch ad-free content. Luckily, you still get money for your videos under this service because subscription revenue payments get distributed to video creators like ad revenue payments. The amount is dictated by how often Premium members watch your videos.

4. Channel Membership

Channel memberships involve a monthly subscription in exchange for exclusive benefits like exclusive videos, one-on-one live chats, and product discounts.

5. Patronage

We talked about this tip earlier. Consider a third-party platform such as Patreon to let customers support your channel in exchange for exclusive goodies. And speaking of goodies:

6. Merchandise

Here’s another tactic we’ve already discussed. There are dozens of supported merchant platforms available today, ready to help you sell your branded goods to your fans.

7. Paid Sponsorships

This tactic involves getting a company or brand to sponsor your content in exchange for using, demonstrating, or discussing their products or services in your video.

8. Super Features (Super Chat, Super Stickers, and Super Thanks)

These “super” features come in three forms, all of them appearing in chat messages shown during YouTube live streams:

1. Super Chat: This function highlights your chat messages over everyone else’s.
2. Super Stickers: This function is like Super Chat, except fans buy and share eye-catching, appealing stickers to pin at the top of a chat stream.
3. Super Thanks: This feature allows users to give some love to their favorite creators. Users get a featured comment in the chat, plus an animated GIF for a small fee.

9. YouTube Shorts Fund

This $100 million fund is designated for Shorts creators, assuming they meet the criteria.

10. YouTube BrandConnect

This service, currently available in the United States, United Kingdom, and Canada, connects brands with YouTube creators for content marketing campaigns.

What to Do If the YouTube Partner Program Rejects You

If you get rejected by the YPP, don’t despair. You can re-apply for the YPP after 30 days. Fortunately, YouTube allows you to make things right by sending a notification detailing which policies your channel didn’t conform with.

So, you will get feedback about what needs changing and the time to make the changes and get that coveted YPP membership.

Read Also: Paid Website Surveys Guidelines | The Best Sites To Take Online Surveys

Frequently Asked Questions About YouTube Monetization

1. Can I use a Lickd chart track I’ve licensed in multiple videos?

No, you can only use a chart track once. Licenses are single-use and valid for one video only.

2. Is there a way I can get past that 1,000-subscriber requirement?

Nope. You need at least 1,000 subscribers and those 4,000 hours of users watching your videos over the past 12 months.

3. I keep getting my YPP rejected. How many times can I apply?

There’s no limit. Don’t give up!

4. So, how do I know my channel is monetized?

You will see a monetization icon consisting of a green dollar sign ($) next to each video once you turn on ads.

5. I have a monetized icon on my videos, but it’s a yellow dollar sign, not a green one. What does that mean?

A yellow dollar sign icon means that, although your video is monetized, it doesn’t meet all the guidelines for advertisers, so some brands may opt out, which will naturally impact your revenue.

6. But can I appeal a yellow dollar sign?

Double-check your content against Google’s advertiser-friendly content guidelines. If your content does, in fact, conform to those guidelines, then yes, you can file an appeal.