91大神

  • How to Actually Make Money on YouTube, According to Eric Okafor

    Don鈥檛 let the large crowd of creators on YouTube fool you. There鈥檚 still mad money to be made on the social platform. Here鈥檚 how you can secure that YouTube bag, according to @KneWKeeD.

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    YouTube is a different world. What other channel allows you to study a full-on degree right there on the site and gives you mad laughs at the same time?聽

    Funny accents aside, you can鈥檛 deny there鈥檚 mad money to be made on the social platform. In an economy which has its currency fighting for its life, more people are seeking ways to make money online, and YouTube is one such legitimate avenue.聽

    We spoke to , a YouTuber who specialises in tech reviews, and he shared pointers on how to get that YouTube money.

    First of all, have a niche

    Don鈥檛 just create a YouTube channel for the sake of it. People will watch your videos and come to your channel because you鈥檙e providing something specific, solving a problem and creating value. 

    Starting YouTube without a niche will force you to rely on your personality outside of YouTube. This might work if you have the right vibes or are already well-known because of your lifestyle. In this case, people come to you because you pass a vibe check. Of course, this won鈥檛 work for everybody. So, find something you鈥檙e super passionate about, and say what you have to say in your voice.

    Small note, though: Having a niche doesn鈥檛 mean you鈥檇 be the first to do something in that line. Others will have done it, but what鈥檒l help you stand out is your unique way of delivering the content. Do you, boo.


    RELATED: In Just Two Years, This UI/UX Designer鈥檚 Income Has Gone From 鈧120k to Over 鈧3m


    Pay attention to the algorithm

    Many people assume YouTube is exclusive to big-shot production companies, or professional content creators who can afford excellent production or sound quality. It鈥檚 not.

    In fact, Youtube is moving rapidly to Shorts 鈥 short-form video content typically shot with mobile phones 鈥 and it鈥檚 all the rage now. 

    Understand your audience

    Yes, the algorithm favours YouTube Shorts more now, but for someone just starting out on YouTube, you鈥檒l need to find out what your audience wants before churning out any type of content.

    For a particular niche, your audience may prefer long-form videos.

    Interestingly, long-form content is more likely to get you a hard-core audience who鈥檒l actually get to know you.

    Get into the YouTube Partner Program

    To get monetised on YouTube, you need to hold consistency tight. 

    Hold it oo

    The YouTube Partner Program specifies that long-form content creators need to have at least 4,000 watch hours and 1,000 subscribers before they can get paid for their content.

    YouTube will monetise short-form content (AKA YouTube Shorts) around January or February 2023, and you鈥檒l need about 10 million views in the last three months to qualify. It sounds like a lot, but a tip is to choose one of your video content that people like, then cut it into bite-sized content and share one at a time to keep people expectant.

    You can always check your analytics to keep track of how many watch hours you need to complete and the needed subscriber count to get there.

    Start getting paid

    Once you cross the requirement hurdle, you start getting paid for the ads run in your videos. PS: You鈥檒l still get ads in your videos before you鈥檙e monetised. You just won鈥檛 get paid for them.

    You say what?

    Once monetised, the amount paid per ad differs based on the party pushing out the ad, whether your subscribers watch the ad to the end or click a link. 

    To receive your money, you鈥檒l be required to fill out a form with your naira or dollar account details and fix a threshold for when you want your money to be sent to you. The least threshold is about $100, so you won鈥檛 get paid until your earnings accumulate into that amount. It鈥檚 quite straightforward.

    There鈥檚 tax on it, though, if you have people watching from the United States. You鈥檒l fill out something called a W-8 tax form, and they typically take out 38-40% of your monetised US playback.

    Other ways to get your YouTube bag

    Super Likes and Super Thanks

    YouTube is where viewers can show they really enjoy your content by giving a Super Like or Super Thanks. They do this by buying a fun animation to make their comments stand out on the creator鈥檚 page, and YouTube gives the creator a revenue percentage (around 70%).聽

    Brand sponsorships

    Once you鈥檝e cracked viewer engagement and show up every day, brands will notice you, and this is a major revenue stream. Brands that advertise on YouTube most likely have a lot of money to spend, so secure that bag.

    Membership

    You can also get your subscribers to become paid members in return for exclusive access to premium content. Of course, you鈥檒l need to have a fully engaged audience for this to work.

    Don鈥檛 forget merch

    Multiple websites allow creators to design and sell merch, giving these creators a cut of the generated revenue. Now, though, people just create their own websites to maximise profit.

    Learn, learn and learn some more

    At the end of the day, almost every content creator is self-taught. You have to be deliberate about learning. Make YouTube your number-one resource for learning how to make your channel work. If you鈥檇 rather pay to be a pro at your craft, it鈥檚 much better to seek out those who鈥檝e made a name for themselves on the very platform 鈥 in this case, YouTube 鈥 you want to succeed in. 

    You may get offers from to help you grow your channel 鈥 and get a revenue share 鈥 but I haven鈥檛 found them to be very useful. Some other creators have said the same thing. So, if MCN comes, make sure to read between the lines and enter with your eyes wide open.


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    About the Authors

91大神 amplifies African youth culture by curating and creating smart and joyful content for young Africans and the world.