I am sure you already know the most common way to make money with your videos. Just in case you have been in a coma or living in a cave for the past 10 years, let me make the big reveal.
The most popular way to make money through videos is:
Making money with YouTube
YouTube has over a billion users, which is almost one-third of all people on the Internet. To put that into perspective, more people in the world watch YouTube than can speak English. That stat should blow your mind! Every day people spend hundreds of millions of hours on YouTube and generate billions of views.
YouTube provides a platform for people to inform, entertain and inspire others across the globe. You no longer have to be a movie star to make large amount of money through videos. In fact, YouTube’s top earner earned $12 million in 2015. This is more than Cameron Diaz, Sandra Bullock, or Meryl Streep. His videos show him playing video games and have been watched 10bn times. (What has this world come too?)
There are many other videos on YouTube that add far more to this world and which are hugely popular. Many fitness and other educational videos have received millions of views. So, if you want to make money by spreading a message, sharing your talents, teaching or entertaining, YouTube is a great platform to do so.
So how exactly do you make money with YouTube?
- You could become a YouTube partner. This is the most common method of making money. Before you get started, check to see if your channel is eligible for the Partner program. If it is, then opt in and enable eligible videos to earn money. You can then earn money from relevant ads and/or fees. It is also important to know that YouTube doesn't restrict where partners upload and distribute content. This non-exclusivity means you can monetize your content on YouTube and other platforms.
- YouTube Paid content is video or channel content that only paying customers can see. A paid video is a video for which users pay a rental or purchase fee to watch the video. A paid channel is a channel for which users pay a monthly or yearly subscription fee to watch its videos. To be eligible to create paid content, you must own a channel with at least 1000 subscribers and live in one of the supported locales.
- Fan Funding is a new way to make voluntary payments to support the YouTube Creators. If you have Fan Funding enabled, fans will see a Support button on your channel. This is not available in all countries at the moment.
You need to know that uploading YouTube videos does not guarantee that you will make any money. In fact, over 300 hours of new videos are added to YouTube every minute. There is a huge amount of competition for views and most never make any meaningful money from YouTube.
But, more and more people are making money from YouTube. They claim that the number of channels earning six figures (in dollars) per year is up 50% in the past year. If you have something meaningful to share and your video does go viral, you can become a super wealthy YouTuber.
YouTube can also be a fantastic way to promote other paid for products or services. This means that even if you do not make money from YouTube directly, you can use it as a powerful promotional or marketing tool.
Other ways to make money with your videos
- Platforms like Triond publishes user generated content on a network of websites. You will receive the advertising revenue generated.
- You could sell your videos through a platform like Sellfy.
- You could upload educational courses to Udemy or other similar platforms.
- You could also use platforms like Tongal. Tongal connects brands and studios to a global community of independent filmmakers. If you are a filmmaker, you can produce original video content and get paid.