“How to make money on YouTube for beginners?”

The question of how to monetize YouTube quickly in 2024 is lingering on the minds of many inexperienced content creators hoping to make money online daily. Not to worry, because anyone can learn how to get monetized on YouTube in 2024… and beyond!

The good news is that you don’t have to be a professional videographer, editor, or SEO wizard to rank highly on the video-sharing platform (and even earn a full-time income from it). All of the people who make money on YouTube are doing so because they dedicated time to creating compelling content and, most importantly, learning the main methods and tips for YouTube monetization.

If you’re serious about learning how to make money uploading videos online, spare a few minutes to discover how to monetize YouTube videos, before diving into the ever-evolving whirlpool of viral videos! 

How Much Money Do YouTubers Earn in 2024? 

Before you start making money on YouTube, you will probably spend some time getting inspired by income reports. There is no solid answer to, “How much money do YouTubers earn in 2024?”, since everyone’s channel is unique. However, there is a per-view rate that typically rises as a channel becomes more established.

Statistics published by Influencer Marketing Hub suggest that the average YouTuber earns $0.018 per view. This works out to approximately $18 per 1,000 ad views, with the ads shown on monetized YouTube accounts being displayed by Google Adsense via integration with the YouTube Partner Program (YPP). If you learn how to monetize YouTube quickly, you could be earning $900 for every 50,000 ad views.

So, let’s put the earning potential into perspective. Once you understand how to make money online as a beginner and have been accepted into the YPP (more on that below), you could potentially earn $180,000 from 1,000,000 AdSense views. SWEET!

However, to earn money on that grand scale, you will need at least one million YT viewers to watch the ads on your videos. If that was the case, your annual earnings could surpass $1 million by monetizing YouTube videos in 2024.

Sure, getting one million viewers (or subscribers) is not easy, but it is possible. Even with fewer views and subscribers, successful creators are still earning attractive incomes. One report published by Business Insider found that YouTube earnings hovered around $1.61-$29.30 per 1,000 views, with some YouTubers earning a staggering $83,000 per month!

Realistically, this is only possible if you dedicate yourself to learning exactly how to get monetized on YouTube quickly, and how to keep your audience engaged for the longhaul. Keep reading to find out how to build a profitable YouTube channel for life!

7 Ways To Monetize YouTube Quickly in 2024

Now that you know a little bit more about the earning potential of YouTube, it’s time to start dreaming big. After all, the sky’s the limit for earning money online daily online. To increase the online earning potential of YouTube, it’s worth dabbling in a few different income streams. When you understand how to monetize YouTube quickly, you will find various ways to generate money via the video-sharing platform. 

Here are 7 ways to make money on YouTube in 2024:

1. Apply for the YouTube Partner Program (YPP) to Monetize YouTube Quickly

The most obvious way to learn how to monetize YouTube videos is to join the YouTube Partner Program (YPP). Upon approval, you can start earning money with various integrated features, such as:

• Channel Memberships – If you manage to build a loyal fan base, a good portion of those subscribers are likely to pay to see extra content. This is possible with channel memberships. Monetizing a YouTube account in this way means that you can charge a minimum monthly channel membership fee of $4.99, or a maximum of $49.99. YouTube takes a 30% cut of the total revenue earned through channel memberships.
• Super Chat – Another way that you can learn how to monetize YouTube is by activating the Super Chat feature. Users can pay a fee to pin their comment on your live streams, allowing that individual to grasp your attention and you, to earn money online daily or monthly. Check out YouTube’s Super Chat eligibility requirements to see if you qualify. Creators who monetize their account with this feature will receive 70% of the money earned.
• Super Stickers – In addition to channel memberships and Super Chat, you can learn how to monetize YouTube videos with Super Stickers. Some YouTube live streamers earn over $400 per minute with Super Stickers! One click of a button is all it takes to activate this feature, which hundreds of thousands of video creators are already cashing in on. Super Stickers are essentially animated sticker-like graphics that fans can purchase and post on YouTube livestreams and Premieres to grasp creators’ attention.
• Super Thanks – Super Thanks is an appealing new YouTube monetization tool that launched in May 2022. If you activate this feature, not only can you make money with YouTube but also, your fans can express their admiration for you and demonstrate their support in the form of tips. Viewers can donate $1-$500 per video with YouTube deducting a 30% fee. For example, if you make $100, YouTube will take $30. 

What are the YouTube monetization requirements 2024? 

Only once you are accepted into the YPP can you start making money with YouTube. The most up-to-date YouTube monetization requirements 2024 stipulate that creators must have at least 500 subscribers, three public video uploads within the last three months, and either 3,000 total watch hours within the past year or 3 million YouTube shorts views within the last three months. If you;re intent on earning money from YouTube AdSense, the YouTube monetization requirements 2024 state that creators must have 1,000 subscribers and 4,000 watch hours within the past year, OR get 1,000 subscribers and 10 million valid public Shorts views within the past three months.

2. Discover How to Monetize YouTube Quickly in 2024 by Selling Products Or Merchandise

If your brand, company, or online business offers merchandise, why not sell it through the YouTube shopping feature? This is a great way to make money with YouTube since the platform is easy to use and will help you to raise brand awareness. Even if you don’t have a physical or digital product to sell, you can monetize your YouTube quickly by tagging other brands in your uploads. Your revenue is accessible in the YouTube Analytics section of your account. 

A dedicated online store can be customized to reflect your brand image and style. It is up to you to include a wealth of information on your shop that teaches your audience what you’re all about. The best way to monetize YouTube with an online store is to offer competitions, giveaways, and discounts. Moreover, a branded domain will make it easier for fans to track down your store via search engines like Google.

If you already have an online store via a recommended e-commerce platform like Shopify, you can connect it to your YouTube account to amplify your online earning potential. Analyzing your traffic, clicks, and purchases is easy via the Shopping analytics tab, which can be found in YouTube Analytics. This useful feature simplifies the process of determining which products are selling like hotcakes and which ones are not so popular.

How can I connect my online store with YouTube, you ask?

To connect your online e-commerce store with YouTube, follow these steps:

1. Launch the YouTube Studio mobile app from your web-enabled device
2. Scroll to the bottom menu and click on the tab that says ‘Earn’
3. Click on the tab that says ‘Shopping’. (This tab will not be visible if your channel doesn’t meet the YouTube shopping eligibility criteria.)
4. To start monetizing your YouTube, tap ‘Connect store’ and follow the on-screen instructions.

Keep in mind that people must be located in these locations to peruse your range of products and make a purchase. Listed below are the places on the YouTube app that you can utilize to your advantage for promoting YouTube shopping:

• In the YouTube store you just launched
• The video description
• Product shelves displayed below your published content
• Adding a ‘Shopping’ button to your content

How much can I earn with YouTube shopping, you ask?

Statistics published by Sell Merch indicate that YouTubers with 11,000 subscribers  may earn around $70 per month by selling six pieces of merchandise monthly. This works out at $840 annually. However, with that amount of subscribers, you will likely sell a lot more than six pieces! Let’s put the earning potential into perspective: If you sell 10 items per week priced at $17, you would make around $5,100! Not bad, hey? 

YouTube and AdSense do not take a cut of YouTube shopping earnings. To better understand how much money you can earn with an online store in 2024, contact your merchandise retailer or e-commerce platform provider, such as Shopify, Wix, or Stan Store.

3. Fund Creative Projects with Crowdfunding to Make Money on YouTube in 2024

Some of the most successful companies in the world have gotten to where they are today thanks to crowdfunding. Funding projects of this kind are a hit with content creators, too, so don’t miss this opportunity to learn how to make money on YouTube for beginners. Many YouTube courses actually teach you how to do this, but we will make it plain and simple to save you some unnecessary extra reading. 

But, how to be monetized on YouTube with crowdfunding? 

This business expansion and profit-yielding technique involves raising small sums of money from a large cohort of people. Usually conducted online, crowdfunding is popular among startup companies and entrepreneurs who want to put their vision to reality, but lack the funding to do so. Alternatively, an established company or standalone brand (such as a video producer) may choose to monetize YouTube videos with crowdfunding ahead of a planned project. 

Crowdfunding strategies should be a big part of your online business as you continue to grow your channel. Some ways in which you can implement crowdfunding techniques include adding fundraisers to your live streams or video uploads that fans can donate to with the click of a button. These options are highly effective for making money online, and may teach you some valuable insights about your growing fanbase. 

When choosing between crowdfunding platforms like Patreon, Kickstarter, and Indiegogo, research diligently to ensure your chosen company’s visions align with yours and the overall theme of your YouTube channel. Offer appealing rewards to those who donate, such as exclusive access to behind-the-scenes footage, newsletter subscriptions, merchandise giveaways, shoutouts, etc. 

4. Make Money on YouTube in 2024 By Selling Your Videos with Exclusive Licensing

Are you aware of the fact that certain companies pay impressive amounts of money to license your YouTube videos? A fine example is Spotter, 

which recently raised an extra $200 million to specifically license YouTube videos created and published by creators in all niches. Spotter is just one of many companies making in the dollar with this business move , which also financially benefits YouTube creators just like you.

MrBeast & Dude Perfect struck gold when they learned how to monetize YouTube with Spotter. The company forked out $350 million dollars to purchase the exclusive licensing rights of select videos to back catalogs. Whichever company you work with to sell exclusive rights for your YouTube content, make sure the company offers upfront payment! After all, you worked hard to create that content and will be handing over the revenue-generating opportunities to the company,  which will be earning revenue from it over an agreed period of time. 

How to be monetized on YouTube with Spotter? 

Spotter approaches YouTubers who have a media library full of videos that are earning ad revenue. They carefully selected certain content creators based on their view count, engagement, and numerous other factors, before presenting the video producer with a deal that enables Spotter to collect ad revenue over a confirmed time period. 

A “letter of direction” will be issued to ensure that YouTube diverts ad revenue payments from the content creator to the deal-presenting party that purchased the creator’s exclusive licensing (such as Spotter). The typical licensing timeframe is around give years, so if you have a big following, you might be able to make money with YouTube consistently for five years! 

5. Learn How to Monetize YouTube Quickly by Collaborating with Brands as an Influencer

Merging your YouTube monetization methods is highly recommended if you want to meet your financial goals faster. Brand collaborations offer a fun and effective way of instilling trust with your audience, particularly if the brand is a major household name. You can earn an attractive pay packet with this online money-making method, which include:

• Writing sponsored blog posts about a brand’s goods/services
• Being a brand ambassador, e.g., regularly posting social media content of you using the brand’s product
• Getting paid per post or video for sponsored content that promotes a brand 

YouTube influencers with a strong subscriber list and appealing profile can receive desirable endorsements and sponsorship from companies. If you’re interested in learning how to monetize YouTube quickly in 2024 with influence-brand partnerships, consider reaching out to a specific brand’s marketing team via LinkedIn. Make sure the company specializes in your niche, and introduce yourself before explaining your follower count, accolades and achievements, goals, and ideas. 

Examples of some ways that you can make money as a YouTube influencer include creating product reviews, product “how-to” videos demonstrating you using a brand’s product(s), “get ready with me” videos showing you wearing a clothing company’s garments, etc. To ensure the company you collaborate with receives proper promotion, you should be willing to include a link to their official business website in your video description, as well as highlight the brand/company name numerous times throughout the video(s), and discuss the niche and services that they specialize in. 

6. Implement Affiliate Marketing to Make Money on YouTube in 2024

Although there is no YouTube affiliate program that you can sign up for, the platform is not against people promoting affiliate links, so long as it is not done in spammy way. Is it possible to make money daily online by sharing a customized affiliate link with your target audience. Each time someone clicks on the link and purchases whatever product or service you are promoting, you earn a commission. The amount you earn by affiliate marketing on YouTube depends on which affiliate network you sign up for (you can view a list of recommended affiliate networks for 2024 here) and which product(s) you promote. 

Aim to solve a problem when promoting affiliate products, so that your target audience doesn’t think that you’re just in it for the money. The earning potential of affiliate marketing on YouTube increases with subscriber count. However, you can still earn a generous online income by promoting high-ticket (expensive) affiliate products with a low subscriber count. If you aren’t sure about what affiliate products to promote on Youtube, consider checking out some of your competitors’ channels within the same niche. 

Tap into the power of trending videos, tutorials, comparison videos, reviews, educational videos, and unboxing. You can place the affiliate links in your bio and video descriptions. You might even scatter them throughout the comments, but be careful not to push your audience away by posting too many affiliate links. Don’t forget to include a call to action (CTA) pointing viewers in the direction of the affiliate link that you plan on earning commissions through. 

For example, you might say something like this: “For more information about [insert brand name here], click on the link in the description of my video,” or “Click the link in my video description to use my discount code and get 10% off all services.” Many affiliates are provided with discount codes designed to entice buyers. In this case, the latter option would be the most effective way to make money on YouTube in 2024. Don’t forget to include your affiliate link for YouTube shorts monetization, too. 

7. Develop Content for Budding YouTubers to Make Money with Youtube in 2024

The only alternative to making money on YouTube without creating your own videos is to legally reuse content published by other creators. Spend some time exploring the YouTube video library for creations with a Creative Commons license. This special license allows you to make money from other people’s content without being struck with copyright penalties, legal action, and account bans. You could also advertise your services on a website like Fiverr (sign up here) to promote your video creation services. 

For example, a health company might require informative and educational videos teaching their audience how to use certain natural ingredients and health products to ensure optimum health. However, the company might not have enough time to create the videos and therefore will be seeking a professional to create, edit, and upload videos, while abiding with basic SEO strategies to ensure the videos are seen in Google. 

You can find video-making jobs like this on platforms like Fiverr. Simply sign up to create a profile that showcases your ability to make YouTube videos. It’s worth investing in an AI video creation tool that will help you to produce hundreds of videos in the same time it takes to create one from scratch. Some recommended options include invideoAI, Pictory AI,  FlexClip,  DeepBrain, and Synthesia. 

How to Increase the Chances of Making Money with YouTube 

Speed up your earnings by testing the waters with a few other YouTube monetization methods, in addition to the main techniques mentioned above. You can share your video-creating and editing knowledge by signing up for Gumroad and selling a personally curated ebook. Alternatively, outsource your YouTube channel to an expert who knows what it takes to make your content go viral. 

Did you know that YouTube features a ‘Jobs’ section on its site, too? It’s certainly worth browsing once in a while if you fancy getting involved in that avenue of work. Other than that, you can design thumbnails, provide voiceover jobs, or offer consultancy services for other YouTubers via freelance marketplaces like Fiverr (or you can reach out directly to creators and promote your services, but whatever you do, don’t spam them with comments). 

Courses That Teach You How to Get Monetized on YouTube Quickly in 2024

Unsure how to climb to the top of this video media platform’s success ladder? Consider enrolling in “YouTube university courses“ or “YouTube automation courses” that teach you (the student) how to earn money on YouTube in 2024 like the experts do.

To save you the hassle of endlessly searching the web for the best YouTube courses to make money online, we recommend putting your trust in Matt Par. If you didn’t already know, he is one of the most successful YouTubers and is generating $100,000+ monthly with over 10 channels (some of which are faceless!). 

Matt Par’s YouTube course, Tube Mastery, compiles an abundance of essential and top-secret information that only the most subscribed and wealthy video creators know about. He teaches you how to master the art of going viral, building a loyal audience, and converting that audience into paying customers.

By following his direct method, thousands of other people who started out with a small channel have grown to colossal highs.

To check out Tube Mastery and learn how to make money with YouTube in 2024 (on a grand scale), click here.

If you crave more inspiration to start making money online daily or want to learn how to monetize YouTube with affiliate marketing, check out the Fortune Medicine blog.

Don’t miss this one: 3 of the Most Successful YouTubers of 2024 and Their Online Income.