"[New] Financial Fortitude for YouTubers Beyond Basic Earnings for 2024"

Financial Fortitude for YouTubers: Beyond Basic Earnings

Richard Bennett

Oct 26, 2023• Proven solutions

YouTube is more than a video sharing social network; here’s how to get paid on YouTube. Having an active YouTube channel with decent monthly views can earn you income through advertising. If your channel is set up properly, Google can place ads over your YouTube videos and you can earn money based on how many people see or click on (depends on the ad) those ads while watching your videos.

The Requirements for YouTube Monetization
How to Enable Monetization for Your YouTube Channel
Linking Your Bank Account to Your AdSense Account
Receiving Payments

Many vloggers receive direct bank deposits of their ad-based revenues every month. In this article, we’ll show you how to monetize your YouTube Channel and how to receive payments to your bank account.

Making Your YouTube Videos Better with Filmora

If you want to earn more money with YouTube videos, your video should be stand out. To achieve that, you should use a powerful video editing software as well. Here, I recommend Wondershare Filmora video editor . As one of the most widely used video editing software among YouTubers, Filmora provides lots of templates and effects which allows you to edit faster and better.

Part 1: The Requirements for YouTube Monetization

Meeting the minimum requirement for YouTube monetization is probably the hardest part of this whole process. About a month ago, you had to have 10,000 lifetime views on your YouTube channel to qualify for monetization. However, earlier this year, Google changed their eligibility requirements and made them even tougher.

As of February 20, 2018, YouTube channels need to have accumulated 4000 hours of ‘watch time’ over the past 12 months and no less than 1000 subscribers to qualify for monetization. If you do not meet these requirements you cannot join the YouTube Partner Program and monetize your YouTube channel.

So, the first step to successful monetization on YouTube is to actually grow your channel. You need to create videos that will attract viewers and engage your audience. You also need to get people to subscribe because this is really what will grow your YouTube channel over time.

Part 2: How To Enable Monetization for Your YouTube Channel

Here’s the step-by-step process for monetizing your YouTube Channel, for those who are qualified.

Log in to your YouTube account.
Find your account icon in the top right corner. Click it to find the ‘Creator Studio’ button.
Click the ‘Creator Studio’ button.
Click the ‘Channel’ option in the left side menu.
You’ll see a drop-down menu under ‘Channel’. Click on ‘Status and Features’. This is actually the first option on the menu. It should open by default once you click the ‘Channel’ button.
Look through the ‘Status and Features’ page and click the ‘Enable’ button beside monetization.

Clicking the ‘Enable’ button should lead you to another page where the guidelines for monetization are explained. Take the time to read through the guidelines and understand the dos and don’ts of YouTube monetization.
Once you’ve looked through the guidelines, click the ‘Enable my account’ button to proceed. This will lead you to a page where you’ll be prompted to join the YouTube Partner Program.
Read through the YouTube Partner Program terms, check the appropriate boxes, and click the ‘accept’ button.
You’ll be prompted to link an AdSense account.
Connect an existing AdSense account if you have one or create a new one.
Once you’re done linking an AdSense account, you’ll be redirected to YouTube. There, select the type of ads you want to run under ‘Monetization Preferences’.
Click the submit button and wait to find out if your account is approved for monetization.

According to YouTube, it can take up to a week for a decision to be reached on your application.

YouTube will not review your monetization application until you’ve met their eligibility criteria. Even then, your application may be declined if your videos do not follow the community guidelines (i.e. channels which simply repost content from other channels will not be monetized).

Not all videos can be monetized. While there are legal ways to create videos consisting of imagery and footage belonging to others, be aware that such videos are not always eligible for monetization. YouTube will only monetize videos that you own. So, posting videos which do not belong to you or which include copyrighted content can cause your monetization application to be declined.

AdSense offers a variety of payment options including mailed checks and Western Union transfers. However, these options may not be available to you depending on where you’re based. AdSense does make payments through electronic wire transfer (EFT – Electronic funds transfer) to virtually every country in the world, and this is the preferred payment option for most people.

To have your earnings deposited directly into your account through EFT, you’ll need to link your bank account to your AdSense account.

Here’s a step-by-step guide for linking your bank account to your AdSense account.

Log in to AdSense via: www.google.com/adsense/start
Click the ‘Settings’ button in the left panel menu
Under ‘Settings’, click ‘Payments’.
On the ‘Payments’ page, click ‘Manage payment options’.
Click ‘Add payment method’.
Next, you’ll be prompted to add your bank account details. In general, you will be asked to provide the following:
1. Name on the account / account holder’s name
2. Bank account number
3. Bank name
4. Bank SWIFT code
5. Depending on where you are based, additional information may be required.
Ensure that the name on your AdSense account matches the name on the bank account you provide. To edit your AdSense name, click the ‘Manage settings’ button also on the Payments page.

Part 4: Receiving Payments

To get paid by AdSense, you need to reach the $100 threshold. You may wish to set a higher threshold but as a rule, earnings below the $100 will not be processed for payment (you will still receive the money, it will just keep adding up until it gets to $100 and then you’ll be paid).

Also, bear in mind that AdSense follows a monthly payment cycle. This means that a month’s earnings (assuming they meet the threshold requirement) will be paid next month. Usually, direct deposit payments will be processed between the 21st and 26th of every month. That said, it can take up to 10 days for electronic wire payments to be received.

In addition to reaching the payment threshold, be sure that you have no payment hold on your AdSense account. A payment hold can cause your earnings to be withheld even if it has reached the payment threshold.

To avoid a payment hold, be sure to provide the necessary tax information, verify your identity and your address, make sure the bank account linked to your AdSense is verified, and make sure you have not violated any of YouTube’s guidelines and community rules.

Conclusion

Depending on your vlogging skills and the nature of your content (some types of videos get more attention than others), it can take a while for you to be eligible for monetization. And even when you’ve successfully monetized your channel, getting enough views to reach the payment threshold can be tough.

Don’t let this discourage you from working towards earning income from your YouTube channel. Just focus on creating a YouTube channel people will want to watch. That’s how to get paid on YouTube - be sticking with your channel long enough for it to grow.

Richard Bennett

Richard Bennett is a writer and a lover of all things video.

Follow @Richard Bennett

First Steps in YouTube Profitability: Starting a Channel & Revenue Streams

Hello, I’m looking to start my journey as a YouTuber, but I do not know how the process works. Please, can you share with me how I can create a YouTube channel and make money from it? Kindly, help.

Starting a successful YouTube channel is very tricky. So, if you’re wondering how to create a YouTube channel and make money, worry less, we understand your struggle, and that is why we’ve created this YouTube beginners guide.

Regardless of whether you’re looking to start a tech YouTube channel, a money-making online YouTube channel, a lifestyle YouTube channel, or other topics, this guide will walk you through the simple process of how to create a YouTube channel and make money from it.

Video Editor – Wondershare Filmora
Google Keyword Planner
YouTube Studio
VidIQ

Tips & Tricks to Make your YouTube Grow Faster

Part 1: Why choose YouTube to make money?

Boasting over 2 billion active users globally, YouTube remains the most used video-playing platform on the internet with all kinds of videos.

Today, many folks use YouTube as a means of generating income because it offers users more opportunities to reach a wide range of audiences, and the means of generating income via YouTube easily. As of when this article is written, research shows that an average YouTuber could earn up to $10,000 yearly.

Also, YouTube is a free marketing platform. So, if you have a website, you can add links to your website in the video description, thus enabling you to boost your website traffic via the platform. And it’ll allow you to advertise your product or services 100% free.

Part 2: 5-Step Formula to Start a YouTube Channel

Now you understand why you should choose YouTube to make money, the following steps will teach you how to create a YouTube channel within a few clicks. So, read on.

Step1 Create a google account

To get started, you need to create a google account. But if you already have a Google account you can skip this step.

Head to Google Account and click Create Account at the top right corner.

On the new screen, enter the necessary details and click Next.

Provide your phone number and other required details. Then, click Next.

On the new page, click I Agree to accept Google’s terms and conditions. Then finish the Google Account setup.

Step2 Create a YouTube account

Once you’ve successfully created a Google account, the next thing is to create your YouTube account. You just have to do the following to carry out the operation;

Open YouTube’s official website in your browser and click Sign in from the top right corner.

On the new page, sign in to the Google account that you want to use in creating your YouTube channel.

After you sign in to your Google account, you’ll be prompted back to the YouTube home interface. Click on your profile icon from the top right corner and select Create A Channel from the drop-down list.

Choose the Name you want to appear on your YouTube channel profile and upload a preferred Picture. Then, click Create Channel to proceed.

Step3 Customize your YouTube channel

After you’ve successfully created the channel, the next thing is to customize the channel as per requirement. Click Customise Channel from the left-hand side.

You’ll be prompted to the YouTube creator studio. There, you’ll find Layout, Branding, and Basic Info options displayed at the top of the page.

In the Layout section, you’ll be allowed to apply customization of how you want your YouTube channel homepage to look.

Under Branding, you can upload your brand logo as a profile photo, upload a banner image, and add the video watermark that you want to appear on all videos you upload on YouTube.

Under Basic Info, you’ll be able to enter a description for your YouTube channel, edit your channel URL, and do lots more. However, remember to always use the PUBLISH button to save customization.

Step4 Upload your first YouTube video

Now, it’s to upload your first YouTube video. To do so, navigate to the top-right corner of the page and click Create New. Select Upload Video.

If you have a video ready, click Select Files and upload the video you want to post.

Complete the required editing/settings after the video is uploaded.

Speaking of videos, you upload on YouTube, there are certain types of videos that can make you popular within a short time. Such YouTube video category includes;

Singing
Teaching
Fashion Advice
Cooking Tutorial
Make-Up Tutorial

Step5 Make your YouTube channel discoverable

It’s time to start making your YouTube channel discoverable online. You need the subscribers, views, and all that a creator like you is worth having. However, to make this possible, you need to do the following;

Optimize Video Titles

Using Google-friendly titles for your videos is vital to allow them to rank well on Google search ranking. It should be catchy and compelling that users will be prompted to want to know what the video is about. Make sure it contains keywords too.

Optimize Video Description

Adding descriptions to your video is as important as the title. This will help search engines understand what your video is all about. So, make sure you add rich keywords to your video description and keep it concise.

Promote Your Channel on Other Social Media Platforms

You shouldn’t limit yourself to just creating videos and uploading them on YouTube. Make sure you always make it a priority to promote your YouTube videos on other platforms like Facebook, Twitter, or Instagram. This will help you give your existing fans a heads-up that you’re starting a YouTube channel.

Add Tags to your videos

When we say add tags to your videos, it does not mean you should add any tag to any video you upload on YouTube. Only add tags that’s relating to the theme of your video.

Tags will help YouTube understand the kind of video you’re uploading, and it’ll help you maintain the quality of not just your videos but your YouTube channel.

Use Keywords in Your Videos

Using rich keywords in your YouTube videos is a great way to increase the chances of your videos being seen online. Make sure you use the right keyword in the video title, as it’ll help guide viewers to your video when they search for similar words or phrases online.

Part 3: YouTube Must-Have Tools: What Are They?

Congratulations on creating your YouTube channel. But, before you get over-excited, there are essential tools you need as a YouTuber to help you stand out in the industry. These tools include the following;

1. Video Editor – Wondershare Filmora

As a YouTuber, regardless of your niche of expertise, you need an efficient video editing tool like Wondershare Filmora to create quality videos. Filmora is different from the regular video editor you find online, and it offers a plethora of video editing features that you can rely on to edit your videos and spice them up without requiring any kind of video editing knowledge.

See how you can use Filmora video editor on your YouTube videos;

Free Download For Win 7 or later(64-bit)

Free Download For macOS 10.14 or later

Step1 Go to the official website and install the Filmora video editing software on your computer. Then, launch the tool and import the video you want to edit using the Import button.

Drag-n-drop the video to the timeline.

Step2 Click Effects from the top of the screen. Select AI Portrait from the left-hand side and find a preferred AI Portrait effect. Then, click on it and drag-n-drop the effect to the Timeline.

Adjust the effect starting and ending point of where you want the AI Portrait effect to be displayed.

Step3 Again, adjust the AI Portrait effect settings by double-clicking on it, then, from the pop-up, apply the preferred settings.

Step4 You can also add a “Subscribe” watermark to your YouTube video. To do so, just click the >> icon next to Export at the top of the screen, then select Element.

Select the ‘Social Media Show Element 07’ Effects. Then, drag-n-drop it to the Timeline.

Step5 Lastly, preview the edited video, and if you’re okay with it, click Export from the top bar and select Burn DVD from the drop-down list.

From the pop-up window that appears on your PC screen, select the Folder Path and give the video file a preferred name. Then, click Export to complete the operation.

2. Google Keyword Planner

The Google keyword planner is vital to help you do keyword research and see the trends of how a particular keyword is searched in a particular month, within a given year, or more. It’ll help you understand how people are searching for a particular keyword and what time of the year it usually has more searches from folks.

By using Google Keyword planner, you’ll put yourself ahead of your competitors by using the right keyword that you need for your SEO and PPC strategies at the right time. From search volume to trends, CPC, competition scores, and more, it’s crucial you have this tool at your fingertips. Besides, it’s 100% free to use.

3. YouTube Studio

YouTube Studio is a crucial analytic tool that can come in handy to help you improve your video as you grow your YouTube channel. It is like Google Analytics in a way. It’ll allow you to track the analytics of how people view your videos, comment on your video, and more. YouTube Studio is available for free. You can use it through the Android App, on your PC or online from YouTube itself.

4. VidIQ

Are you looking for a tool to grow your YouTube channel efficiently? Then VidIQ is the ideal tool for you. Yes, with VidIQ, you’ll get access to essential tools to grow your YouTube audience faster than you can think. It’s just a scorecard that offers you in-depth analytics of how your YouTube videos are performing compared to your competitors, thus allowing you to get helpful info on how you can get ahead of them and stand out in the industry.

With VidIQ, you’ll get access to a checklist that will highlight titles, descriptions, cards, end screens, closed captions, and lots more in your videos. And of all, it’ll suggest tags that you can use in your videos to get more traffic and improve SEO.

Part 4: Tips & Tricks to Make your YouTube Grow Faster

Stay Consistent

There’s no doubt that the key to succeeding in whatever you do is to stay consistent. It can be quite hard for anyone, especially newbies to keep up with different difficulties encountered in the pursuit to create a successful YouTube channel.

So, for you to achieve your dreams of being a popular YouTuber, you must keep up with the consistency of creating quality videos, promoting your videos, and doing the right thing that’s needed for your YouTube channel to stand out online.

Collaborate With Other YouTubers

Don’t be shy to reach out to your fellow YouTubers for collaboration. Yes, by collaborating with popular YouTubers, you get to enhance your online presence, thereby increasing your subscriber base and increasing your video views.

YouTube SEO Is Crucial

You might have heard of SEO (Search Engine Optimization) being crucial for websites to rank well, but the truth is it also applies to YouTube channels. YouTube SEO is a great way to optimize your YouTube channel and video to make it rank well on online search results.

It’s important you understand how YouTube SEO works and implement it in your YouTube channel, as it’ll increase your chances of more viewers visiting your channel and watching your videos.