YouTube is one of the world’s most popular websites. In fact, according to the Alexa Top Sites ranking, it is the 3rd most popular website in the world. Pretty impressive huh?
With all that traffic, YouTube is the perfect location for the savvy Internet marketer to attempt to carve out their little piece of the pie. In fact, you can make a healthy income on YouTube, without ever needing to resort to SEO or optimization for Google itself. In fact, I know of plenty of marketers who make upwards of $100 a day – only using YouTube!
Here are a few cool ideas to make money on YouTube. I’ll explain them in far greater detail in individual posts down the track, but for now let’s cover a brief outline of some different and exciting money-making possibilities.
- Adsense Income. Once your YouTube videos start to generate sufficient views, you will be able to qualify for Google Adsense payments on your video. Basically, Google matches ads relevant to your video, and then displays them. This is formally known as the YouTube Partner Program. Although your earnings will start slowly, once you add more videos and increase your view counts you should start to notice increasing income. The YouTube Partner Program is a fantastic way to make money from YouTube, and we will discuss this further in a dedicated blog post.
- Affiliate product marketing. This is perhaps the ‘holy grail’ of YouTube money-making methods. Basically, you research long-tail keywords (where you have a high chance of ranking in Google) and then create targeted videos. Your video titles and tags should reflect the keywords for which you wish to rank. In your video descriptions, you then place call to action affiliate links. With a little bit of effort and practice, you can nail affiliate marketing on YouTube. The best part of this method is that you can promote Clickbank and Amazon Associates products, and you don’t even need a website.
- List building. This method is very similar to the affiliate product marketing method of making money on YouTube. However, instead of promoting affiliate products, you use your video descriptions (and other displays, such as captions and annotations) to drive traffic to a squeeze page. If you have a “long-term” mindset when it comes to affiliate marketing, then this probably the most effective strategy I can think of.