5 easy ways to monetize your YouTube channel in Nigeria

I once heard someone asking if youtube make money and my answer was “yes but in a manner you don’t know”.

YouTubers make a hell of money from just uploading their videos to YouTube and currently, YouTube stands as one of the best source of passive income available on the internet today.

So just incase you are planning to start a YouTube channel and make money, today I am going to be giving you some of the easiest ways to make money on YouTube without selling your soul.

It’s actually easy so just hang on.

Requirements to make money on YouTube.

The very first requirement is that you have a YouTube channel. This is quite easy as opening a YouTube channel is absolutely free. All you need is a google account and you can have a YouTube channel.

Seconding you need good videos. Not all videos monetize well on YouTube, you got to create videos people will love to spend their time watching. I would advise you purchase a microphone, as it will enhance sound performance which would make YouTube value your videos more.

For a start if you have an Iphone, you can make use of the camera while thinking of upgrading to a digital camera in the nearest Future.

When to start monetizing your YouTubing channel.

Monetizing your YouTube channel from the very beginning may not be a great idea. That is why YouTube doesn’t allow you to make use of their advertising program till you get up to a thousand subscribers and 5000 watch hour.

So I would advise you wait for that threshold before you start monetizing your YouTube channel using any techniques.

Ways to monetize your YouTube channel 

There are a lot of ways you can make money from your YouTube channel once you have loyal followers.

Some of the easiest ways are 

YouTube partner program (YPP)

YouTube partner program is a collaboration between YouTube and google adsense that allows AdSense to place video adverts on video of people that are in the program at various points of a video.

This is the usually ads you see when you are about to watch a YouTube video that tell you to wait till 20 seconds before you can skip it.

Once you are hit 1000 subscribers and 5000 watched hour, you can apply to be part of the program and once your request is granted, you will be paid depending on the number of views your video gets.

The average pay is around $4 per 500 views. So if you launch 10 videos every month and you get an average of 100,000 views on each of them, you will be making a nice income at the end of the month.

Sell digital products

Once you have a following on YouTube, you can then create your digital product and sell. A digital product is a product that is delivered through the internet like an ebook, online course, worksheet etc. One good thing about creating digital products is that it is completely passive, you create it once and sell it over and over again keeping nearly 100% of the sales as profit, making it highly profitable.

And further more, there is no for shipping as the product can easily be downloaded or access via the Internet.

Let’s take an ebook for example, you can write an ebook on a topic your know your audience would love. Format it well and tell them about it. It doesn’t matter whether you sell 10 copies or a million copy, you just get paid for free.

Use Patreon

Patreon is a software that allows you to give premium videos to your followers after they have made a donation towards your channel. It is more like running a membership program where people pay a monthly fee to access some of your premium video which would not be available to the public.

This is a great way to make money especially when you are teaching a skill on your YouTube channel or solving people’s problem.

Don’t be shy to mention it in your video, you may never know people are willing to pay you to do more till you try.

Affiliate Marketing

Do you know that experiments are beginning to show that videos convert almost as equal as contents. What this mean for you is that you stand a greater chance of recommending a great product to your audience. People trust people they can see rather than just reading blogs.

So if you have been talking about a product recently that has being very useful to you and you know it will equally be useful to your audience and followers, go check out if they have an affiliate program. An affiliate program helps you earn a commission whenever someone buys the product through your affiliate link.

Advertising

Once you get a huge online based followers, brands and cooperate organizations would not mind paying you to get their brands out to your followers. In fact, this method pays better than the rest listed above once you got the huge follower base. You can even be made an ambassador of the brand.