A fantastic way to earn money online from the convenience of your home is through YouTube. It's time to get inventive if you're a YouTuber trying to make some additional cash. Anywhere from $100,000 and $999,999 would be considered 6 figure earnings and you can make it happen if your yearly earnings are that much.

Let me give you a quick explanation of YouTube's operation if you're not already aware of it. Google Inc. is the owner of the online video-sharing platform YouTube. Over 1 billion users utilize it globally, and more than 10 hours of material are uploaded every minute. And it just applies to phones!

YouTube allows users to upload video content of any length and share it with others around the world — free of charge (or at least until they start monetizing their videos). The site also has many different categories where you can post your videos so that people can find them easily.
Several variables might affect how much money you can make from YouTube. The number of followers and subscribers to your channel is the first factor. It determines how many people watch your videos and how popular your content is.

You may pick how frequently you submit content and how many posts you want to have on your channel depending on the second factor, which is how much time you dedicate each week to making videos. The type of uploading content is also important; if it's supported by advertising, it will cover all costs. By producing and monetizing videos for your channel, you may earn money. Other forms of payment for YouTube include AdSense and membership fees.

Here are 5 ways for making six figures on YouTube:


1. Get Your Content paid for

An excellent location to grow your audience is YouTube. As YouTube is owned by Google and receives billions of views each month means that creators may earn a lot of money from their content.

However, how can you make your video material stand out from the competition? The solution is hours of watching and subscribing (how many times a viewer watches your video). Now, here are the minimum requirements to increase viewing time and subscription numbers:

  • 1,000 subscribers
  • 4,000 people have watched your channel (within 12 months) an eagerness to abide by YouTube's community norms, advertiser-friendly content regulations, and terms of service.

For each thousand video views, YouTubers make between $3 and $5 on average. Memberships in channels: Your subscribers pay a regular monthly fee in exchange for the exclusive benefits you provide.


2. How much Money does YouTube AdSense give out?

Several sites claim that YouTubers may earn an average of $0.18 per view with AdSense, with earnings ranging from $0.01 to $0.03 per watch. However, the sum of money that YouTube will pay is dependent on several variables, including:

  • How many people have seen your video?
  • The total amount of subscribers you have and the daily subscribers to your channel.
  • A subscriber's age and gender (the more subscribers you have, the more likely they are to buy products from a brand that sponsors your videos).
  • How many ads are in your video (if an ad runs during a video, it will affect how much money you make)

3. How you can make Money with YouTube affiliates?

You should produce material that your audience is looking for, optimize it for YouTube searches, and stay away from clickbait to monetize your videos. The best course of action for an affiliate marketer is honesty because your audience's trust is at stake.

The key to making money on YouTube is using it as a platform to promote other services or products that you offer. This can be as simple as posting a link to your website in every video you create, or it can be as complex as creating a series of content marketing campaigns designed to drive traffic from your site to other platforms via social media channels like Facebook, Twitter, Google+, LinkedIn and Instagram.

If you're new to YouTube marketing, start by creating some videos about your business or service before you begin promoting others' products or services. You'll need content that stands out from other people's offerings on YouTube and can be used as a reference point for customers who visit your website looking for something similar.


4. How to Make Money on YouTube by Sponsorships?

YouTube sponsorships may be quite valuable if you have a large number of subscribers. If you have 1M subscribers on your channel then you can expect to get paid around $107/month from sponsorships alone.

For example, if you have 1M subscribers then there are 10x more videos in your channel than there are subscribers and so even though each one shows up less often in searches it will still pay off quite well compared to other types of advertising (like TV ads).

YouTube has over 1.4 billion active monthly users and advertisers spend over $12 billion per year on ads. According to a global study conducted in 2020, channels with 1M+ subscribers typically receive a minimum of $7,332 for a sponsored video. A sponsored video on a channel with 100K–1M subscribers brings a minimum of $1306 in revenue.


5. Introduction to YouTube Channel Crowdfunding

Crowdfunding is another option to make money from your channel. The two basic types of crowdfunding are recurring and project-based.

Now, recurring is more suited for content producers, channel subscribers pay a nominal membership fee in exchange for benefits and/or access to a special tier.

This is a great choice if you have a small or medium-sized following because it doesn't call for you to produce any new material. Since you don't have to think of concepts or story arcs, it can even be simpler than coming up with new stuff. Instead, all you need to do is advertise your campaign using sponsored social media campaigns on Facebook and Twitter, then when the campaign has ended, accept money through PayPal or credit cards (which can last anywhere from one week to several months).

Through project-based crowdfunding, backers may support initiatives they wish to see success in exchange for a reward (such as merchandise). Making a project page and obtaining pledges from supporters who want something in return for their support are both necessary steps in this sort of fundraising, which means that you will have to make more effort.


Conclusion

A YouTube channel isn’t just a space for sharing your content with your audience but, it is an asset that can multiply your other assets. So start working on it and make your six figures a passive income stream!