In today's world whenever we think of playing a song or a scene from a movie or we want to watch a tutorial then YouTube is always our go-to place. There's a plethora of content of all kinds available on this video-sharing platform owned by Google. But have you ever wondered how much the people earn whose videos we watch on YouTube? If you do things the right way then you can make millions just from YouTube. Indeed you can become a millionaire from YouTube if you know what you are doing. One of the most trending YouTubers, Jimmy Donaldson aka MrBeast, allegedly made a whopping $82 million in just a year from YouTube in 2023. 

In this article, we will give you a step-by-step guide that you can follow to start earning from YouTube.

Become A Member Of YouTube Partner Program (YPP)

The first and foremost thing that you need to embark on this journey is to become a member of the YPP. Let us go over the eligibility criteria that you need to qualify in order to become a member of this program. 

  • Your channеl needs to have at least 1000 subscribеrs and 4,000 watch hours in the past 12 months
  • You must have made at least 3 Public uploads in the last 90 days
  • Your channеl must comply with YouTubе's Community Guidеlinеs and Tеrms of Sеrvicе

Once you qualify for these benchmarks then you can apply to become a member. YouTube will respond to your application typically within a month. Let us consider that your application has been approved. Let us now see what all sources of income exist on YouTube.

Channels Of Income On YouTube

There are mainly six channels of income, they are:

  • Advertising revenue: Earn revenue from Watch Page ads and Shorts Feed ads.
  • Shopping: Your fans can browse and buy products from your store, or products you tag from other brands through the YouTube Shopping affiliate program.
  • YouTube Premium revenue: Get part of a YouTube Premium subscriber’s subscription fee when they watch your content.
  • Channel memberships: Your members make recurring monthly payments in exchange for access to special perks.
  • Super Chat & Super Stickers: Your fans pay to get their messages or animated images highlighted in live chat streams.
  • Super Thanks: Your fans pay to view a fun animation and get their message highlighted in your video or Short’s comments section.

These channels also have their own eligibility criteria so let us go over them before we proceed further.

  Channel Thresholds Minimum Requirements

 

 

 

Channel Memberships

 

 

 

 

 

 

 

 

 

  • ​​​​​​500 subscribers
  • 3 public uploads in the last 90 days
  • Either:
    • 3,000 public watch hours on long-form videos in the last 365 days
    • 3 million public Shorts views in the last 90 days
  • Be at least 18 years old
  • Live in a country where channel memberships is available
  • Have accepted the Commerce Product Module or formerly available Commerce Product Addendum
  • The channel isn’t set as Made for Kids and doesn’t have a significant number of videos set as Made for Kids or ineligible
  • Not a music channel under SRAV

 

 

 

Shopping (Your Own Products)
  • Meet the subscriber threshold or be an Official Artist Channel
  • The channel isn’t set as Made for Kids and doesn’t have a significant number of videos set as Made for Kids
  • Channel doesn’t have a significant number of videos that violate Channel Monetisation Policies
  • Your channel hasn’t received any Hate Speech Community Guidelines Strikes

 

 

Super Chat & Super Stickers
  • Be at least 18 years old
  • Live in a country/region where Super Chat and Super Stickers are available
  • Have accepted the Commerce Product Module or formerly available Commerce Product Addendum

 

 

Super Thanks
  • Be at least 18 years old
  • Live in a country/region where Super Thanks is available
  • Have accepted the Commerce Product Module or formerly available Commerce Product Addendum
  • The channel is not a music channel under SRAV

 

 

Ad revenue
  • 1,000 subscribers
  • Either:
    • 4,000 public watch hours on long-form videos in the last 365 days
    • 10 million public Shorts views in the last 90 days
  • Be at least 18 years old, or have a legal guardian older than 18 years of age who can handle your payments via AdSense for YouTube
  • Live in a country/region where YPP is available
  • Accept the relevant contract Modules
  • Create content that meets the advertised-friendly content guidelines
YouTube Premium revenue
  • Accept the relevant contract modules
  • Create content watched by a viewer who is a YouTube Premium subscriber

 

 

Shopping (products from other brands)
  • 20,000 subscribers
  • Either:
    • 4,000 public watch hours on long-form videos in the last 365 days
    • 10 million public Shorts views in the last 90 days
  • Meet subscriber threshold
  • Live in KR or the US
  • The channel is not a music channel, an Official Artist Channel, or associated with music partners. Music partners may include music labels, distributors, publishers, or VEVO.
  • The channel isn’t set as Made for Kids and doesn’t have a significant number of videos set as Made for Kids
 

As per the recent trends, Shorts is something that is attracting a lot of profits with not much work. It is also advised to make long-form content and make small parts of it topic-wise which you can upload on Shorts and then viewers might be attracted to check out the long-form content as well.

One thing that you will have to ensure if you want to have a popular and well-rewarding channel is to be consistent. Your viewers might lose their connection with you if you rarely post. Once you start posting then the next step will be to apply for monеtisation aka the thing that will pay you money.

How To Apply For Monetisation On YouTube

You can apply for monеtisation in your YouTubе Studio by simply following these steps:

  • You will have to sign in to your YouTubе Studio
  • Click on 'content' in the navigation bar
  • Select the particular video which you want to monetise
  • Then click on 'Monеtisation' in thе lеft mеnu.
  • You will then need to click on 'Start' and follow the instructions to set up your AdSеnsе account.
  • Wait for YouTubе to rеviеw your channеl and approvе your application.

Once all this is done then your earnings will start as ads will start popping up on your videos.

The average YouTuber makes $0.018 per view, according to Influencer Marketing Hub. That equates to about $18 for every 1,000 ad views. So, the longer your video is, the more ads can you run without making the viewer feel annoyed. The way to ensure the maximum number of views is to centre your channel around some of the hottest topics which are most likely to give you a lot of views.

A tip for you: Some of the best niches that garner a lot of views on YouTube are - Health, Wealth, Happiness, Relationships, Travel, Technology and Celebrities.

MrBeast also shared some of the best tips to earn a lot of money from YouTube. Listen from the man himself.

So, embark on the journey of creating content and milking money out of it.