In this article we will talk about how to join the Youtube partner program and make money. Why is this a good idea for seniors and retirees?
Everyone likes a good video. They say a picture is worth a thousand words and a video gives you more than a thousand pictures to look at. It is a great way to draw people to your content as well as listen to what you have to say.
Making a video is as easy as taking a photograph. All you need is the right subject, the right equipment, and the time. When you have the video you can join the YouTube Partner Program to make some money off your efforts.
To Make Money You Have To Be A Member
That is the first step in making money off of the YouTube Partner program. You need to sign up to play. Once you are there, you get access to the 5 ways you can make money through this program.
Then you have to follow the rules for each method you can make money. Each of those methods all have their own regulations to meet and you have to read them all in order to know what to do.
Membership is not automatic as YouTube will review the content to make sure it is worth rewarding. Also, your channel will be reviewed from time to time to make sure subsequent content is meeting all the rules and requirements.
Oh there is the possibility that you may have to pay taxes on your earnings, even as a senior citizen. So make sure to look at all the fine print before you sign up. Also, check your local tax laws as your tax liability will depend on your home country’s tax laws.
5 Ways To Make Money Through YouTube’s Partner Program
There are 5 main ways to make money once you become a member of the Youtube Partner Program. All of them, but one requires that you be above the age of 18.
Then, you have to set up the monetizing functions. It is not done by default or automatically for you.
Keep in mind that your content cannot violate any copyright laws nor can they show content deemed abusive, racist or sexually explicit.
#1. Ad Revenue
Once you are a member you can sign up to have ads appear at different times during your content. It is possible to earn between $0.30 and $2.50 per view but there are some strings attached.
Your location plays a large part in how much you will be paid and your content will also determine the rate you get. As will the industry your content is filed under. Not everyone will get the same rates.
The biggest drawback is that YouTube or Google will change the algorithms on you. What once was a lucrative channel turns into a ghost town revenue-wise.
#2. Channel Memberships
To gain access to this money-making option you need at least 1000 subscribers. This option allows you to charge your subscribers a certain amount of money for the privilege of watching your YouTube videos.
Of course, you may have to do a lot of convincing to get your viewers to sign up as this is not going to be automatic either. Your content is going to have to be top drawer stuff in order to make the membership worth the payment.
#3. Sell Merchandise
There is a special merchandise shelf you get access to that allows you to sell your products to your viewers. You can even talk about your products in your videos if you want.
The key is to add the link to your store into your videos so that people can get to it very easily. When they purchase, do not forget to say thank you to all your customers.
You do not need a lot of different products to begin with. Start small and work your way up.
#4. Super Chat & Super Stickers
This used to be called Fan Funding and it is a way to get your viewers or subscribers to pay you directly. The two biggest restrictions are…..
– you have to live in a country where Super Chat is available
– you have to do live stream only.
Plus, you can highlight or pin comments for a set amount of time depending on how much your viewers pay for the privilege. It may be possible for you to set the time limits and the rate.
#5. YouTube Premium Revenue
This is a method where you get paid directly by YouTube. The payment is based on what is called watch time. If your videos are very popular and get watched a lot, you get more money than someone who does not get the attention.
The bad news is that YouTube will still take a 45% share of the revenue just like it does for any ad revenue you receive. Your viewers get different benefits making this option worthwhile if the payment is set at the correct level.
How much money can you make?
This is a difficult question to answer as most companies get you looking at the best scenario possible. They do not tell you about all the factors involved or that the majority of members do not make enough to pay for their time.
There are many YouTube partners that do make millions of dollars each year. However, they are also selling merchandise and taking advantage of all the different methods to make money
It is possible to earn thousands of dollars in ad revenue each month. However, you have to have hundreds of thousands of views to get to that level. Like the real world, it takes hard work and patience to make this partner program pay off for you.
Some Final Words: Join The Youtube Partner Program And Make Money – Here Is How!
When you are retired and looking for new ways to make money to help your pension stretch further, this may be a good opportunity. You certainly have the time to make the videos and do the hard work to attract viewers.
The question is, will you have the right content to make sure people click on those ads or pay to be a channel member.