If you are new to YouTube, you might think it’s impossible to make money on the platform fast. You might even be hesitant to try, fearing that you’ll start your channel and not see a penny for months or years. But if this is what you have in mind, I think we can help change your mind. If success is something that has been elusive with other platforms like Instagram and Facebook, then know this: Things are different on YouTube.
If you want to know how to Money making on YouTube fast, allow me to lay it all out for you. First, though, I want to address the one question that is on your mind: “Is YouTube really a good way to make money?” If you’re reading this article, chances are very high that it is. YouTube has more users than anywhere else online. It’s also the 2nd top search engine on Google, right behind Google itself.
So, yes, YouTube is a great place to make money online. But how, you ask? Here is a guide on how to money making on YouTube fast and also long-term. Let’s get started!
YouTube Monetization: Getting Started
YouTube monetization is the process of channel owners making money from their content. It’s important to know that it takes some time to achieve this (more about this later), but the process of getting started is simple. First things first—you need an AdSense account. You can create one directly on the YouTube website by scrolling to the bottom of the homepage and clicking on “Make money with your channel.”
Once you are on this page, click “Start Monetizing.” This will take you to Step 1: Get verified. Here, you will be asked to enter a phone number and an email address. Enter your real information and click “next.”
Three days after submitting your information, you should get a text or an email from Google AdSense saying that your account has been approved.
Yes, you can get a text or email from Google AdSense after 3 days.
Once your account is verified, the next step is to create your YouTube channel. This will take about 24 hours for most channels. If you enter the channel name and description without any information,
Google AdSense will recommend a theme
Usually “How to.” It’s important to edit this so it is not “How to” and doesn’t include some sort of keyword.
Once your channel is ready, you will be asked to set up a payment method for channel monetization. This will not be completed until you have more than 1,000 channel views. We recommend setting up an AdSense account that has a different bank account from the one linked to your YouTube account.
Ready? Now we are going to talk about the ad formats available on YouTube.
YouTube Monetization Video Formats
There are four types of YouTube ad formats: in-stream ads that play before your video, in-display ads that display on your video page, overlay ads that appear over the player, and video discovery ads that run before related videos. When it comes to choosing, it’s important to look at the context in which your content is viewed.
In-stream ads are shown throughout the playing of your video and ask for viewers to click. The number of viewers that engage with in-stream ads can range anywhere from 500 to 1,500 per day with an average of 900. This is important because it tells you how many views your video needs in order to be monetized.
In-display is the model most preferred by YouTube and is the most popular format overall as well.
Overlay ads play before or after a video. You can choose the position of the overlay, but be careful because you can’t place the overlay in a way that’s not visible to your audience—otherwise, your viewers will not be able to watch the video.
Video discovery ads run before related videos
Allow YouTube users to watch recommended videos based on their viewing habits. It is important to note that these ads are “buyable,” so there needs to be trust built between the viewer and the advertiser.
Finally, there are the True View video discovery ads that are run directly by YouTube on their “sponsored videos.” These ads are meant to be educational and entertaining, and come in two shapes: before-view videos, where a sponsored video plays before a user’s original video choice, or after-view videos, where the original viewer gets to choose if he/she wants to view the sponsored content. Both cost money.
CPMs: What is the Cost per 1,000 Impressions?
Cost per 1,000 (CPM) is the standard for determining the cost of running an ad. This means the advertiser pays a certain amount each time 1,000 people view that ad. This number can be changed based on a number of factors including location, demographics, and how long people watch videos. In this article we’re not going to explain what all these terms mean; you can read about them on YouTube’s help page.
When it comes to pricing, it’s all about the CPMs. You might ask what your CPM is and how much you can make each month, but do not worry. Here is an example of what 1,000 CPMs are worth:
If you have 2 videos on your channel with a total of 4 minutes of content, your videos will earn $1 in AdSense earnings per 1,000 views. This means that each viewer who watches 1 minute or more will earn you around $0.008.