5 Alternative Ways to Make Money With YouTube
Along with the ease of convenience the Internet offers millions of people around the world nowadays, you’ve also been hearing a lot of ways to create money online with just about any skill, talent or opportunity you have.
But have you heard about some misconceptions surrounding certain money-making strategies? Think about YouTube.
Often, internet marketers would make you believe that traditional ways can help you achieve your goals on YouTube. But what they’re not telling you is that it’s certainly not the best way. In fact, you need to dig deeper and build a more feasible approach.
Here’s the popular YouTube misconception
You Upload some videos to your YouTube channel, attract thousands to millions of viewers, then earn money from ads. Simple and effortless, right? But following this game plan doesn’t let you earn a million bucks.
If advertisers are paying an average of $20 per 1,000 ad impressions, only $2 or $3 for every 1,000 views go to the video where the ad was shown. That means, you can only earn a few thousand dollars for every million views.
So how can you make more money out of YouTube? Stop thinking of simply monetizing videos in this platform. Instead, take advantage of YouTube’s massive network.
Here are 5 alternative ways to make money with YouTube:
- Direct traffic to affiliate links
Affiliate marketing is surely a big money-making strategy online. Try creating interesting YouTube channels and feature cool videos where you can direct traffic to affiliate links.
- Switch to live speaking engagements
Build your reputation on YouTube and get invited to live speaking engagements. Showcase your best clips and use your YouTube statistics to create a package you can pitch to the directors of these events. You get the chance to earn thousands of dollars from just giving a one-hour presentation.
- Sell premium videos
If you’re really passionate about making videos and want to earn money from it, here’s what you can do. Create your YouTube channel and build your audience, then bring these people to your landing pages where you can use premium video content to up-sell your viewers.
- Sell your own products
Assuming you already have actual products to sell, all you need to do is create attractive videos that fit into your product’s niche. Add well-crafted call-to-action texts at the end of your videos and drive traffic to your product landing pages.
- Attract sponsorships.
The best thing about sponsorships is you can make deals with companies who want to sponsor or advertise using the videos you create without giving YouTube a cut. You can also negotiate your contracts based on impressions and the size of your audience, thus making you earn more money.
The secret here is for you to really think outside the box, and not be confined with the many misconceptions people want us to believe. Identify ways that work best for you on how you can maximize the money-making power of YouTube, and start generating a massive income from them.
Check out more articles at www.ContentRichLife.com. I have more useful tips I’m willing to share with you.