Creating high-quality, original video content for YouTube is an exciting way to earn money online. If you are here to learn how to make money on Youtube in Nigeria. Then you’re right where you should be.
Consider how many videos you viewed on your Facebook page in a single day or how you wanted to watch one video on youtube and ended up watching 7 videos.
The reality is that individuals on social media like watching and engaging with high-quality video content.
YouTube, which was founded in 2005, is one of the most popular video sites on the Internet today.
According to Ominicore’s 2018 YouTube statistics, over five billion YouTube videos are viewed every day throughout the globe.
YouTube has over 1.9 billion monthly active users, making it the second most popular social media platform behind Facebook, which has over 2.27 billion monthly active users.
Also Read: How to make money on Faceboonk in Nigeria
YouTube is a fascinating method to generate money, and when done correctly, it can be a highly profitable business venture.
We discussed some fundamental methods and tactics for doubling your revenue just by generating video content and marketing it on YouTube in this article.
8 Awesome Ways to Make Money on Youtube in Nigeria
1. Use YouTube Ads to monetize your videos.
Youutube monetization is based on Google Adsense, which is a platform offered by Google. Actually, it is Google Adsense, not YouTube, that pays you for your videos. Adsense is in charge of displaying advertisements in your videos.
To be eligible for monetization, your channel must have at least 4,000 hours of viewing time and 1,000 subscribers during the previous year.
This strategy went into effect at the start of 2020, and it’s another approach for YouTube to promote viewing time (rather than view count, which was previously the platform’s goal).
4 ways to allow YouTube monetization
You are ready to activate monetization on your videos after your channel has reached the requisite amount of YouTube hours and subscribers.
- After clicking on your symbol in the upper right corner of the screen, choose “My Channel” from the drop-down menu.
- Click YouTube Studio from this screen.
- Select Creator Studio Classic from the drop-down menu on the left-hand side of your screen.
- Click Channel > Status and Features once you’re in the Creator Studio. Finally, click Enable in the box labelled Monetization.
Your videos may be uploaded and accepted for monetization when you’ve enabled monetization on your YouTube channel.
You will need to link a Google AdSense account to your YouTube account to make money on Youtube in Nigeria from these adverts.
2. Use YouTube to sell and promote affiliate items.
Affiliate marketing is the practice of selling things in return for a fee. Hundreds of thousands of organizations, including large corporations such as Amazon and eBay, as well as smaller businesses, provide tempting incentives to affiliate marketers who promote their items.
Affiliate marketing is, without a doubt, one of the most popular ways to make money on Youtube in Nigeria from home.
Create a vibrant YouTube channel and use it as the main catalyst for driving traffic and producing sales for affiliate websites instead of depending on static blogs to lead visitors to affiliate links.
Review affiliate items such as cell phones, computers, and vehicles to earn money on YouTube as an affiliate marketer, or produce “how to use this product” lessons.
Remember to connect to your items in your YouTube descriptions; if you don’t include your affiliate link, you won’t earn credit for purchases.
3. Obtain sponsorships for your video productions
If you look at some of the most popular YouTubers, you’ll see that they have sponsorships and adverts in their videos. Many businesses currently fund YouTube channels in exchange for direct advertising.
To get a sponsorship, you may need to put out a thorough proposal outlining what you can provide.
Make sure you have a good understanding of your target demographic and the brand you’re addressing. The best part about sponsorships is that you don’t have to pay a fee to YouTube.
Sponsorship money is usually far greater than YouTube ad income. You must put yourself out there to be recognized if you want to secure a brand contract and become a YouTube influencer.
The following are the steps to obtaining a brand contract or sponsorship:
- Find brands and campaigns that appeal to your target market.
- Pitch your creative ideas to the brand and deliver your proposal within their guidelines (product review, 30-60 shoutout, etc.)
- If your application is approved, you will be employed and will begin working with the brand on the project.
- Create content and get clearance from the brand.
- Get compensated.
4. Market and sell your goods or services
Find out what your audience wants and provide it to them. If you want to keep 100% of the profits and have complete control over the money flowing in? You must sell your items or services to do so.
Consider the following scenario: you construct a $250 small online training program. If you can convert just one viewer out of 1,000 to your $250 video course, you’ll earn $0.25 per view, which is more than 59 times what you’d make from YouTube adverts.
You may sell your items on Amazon, Shopify, Jumia, or Konga, among other major e-commerce sites. These platforms provide you access to an internet shop where you may sell your goods.
You may lead people to your e-commerce location on any of the platforms and earn some additional money by discussing or connecting your items in your videos.
Other Ways to Make Money From Youtube in Nigeria
5. Activate Paid Membership Program
This is ideal for content providers with the time and resources to generate unique material. You may even transform your devoted audience into a community by providing additional privileges such as access to your digital items.
Interested people may pay a membership fee, which will provide you with regular monthly income.
A paid community’s primary goal is to interact more deeply with a select group of your fantastic followers and supply them with unique material. Adapting this method makes sense if you have the resources.
If you want to use a premium membership program, read the YouTube channel membership criteria, regulations, and guidelines and make sure you’re following them.
6. Sell Online Courses
This category is for creators who educate and teach their audience skills. If you’re using videos to educate your YouTube audience, you’re already on your way to making money on YouTube.
You may leverage your experience to create an online course that teaches a skill relevant to your subscription base. What your readers have demonstrated interest in might validate the topic.
Other digital items that may be sold include templates, workshop events, ebooks, and so on. It’s strongly advised that you start your course production adventure by building an email list.
Email is a more personal way to engage with your audience and develop stronger bonds. It also tends to provide tailored marketing options, which will almost certainly result in a greater conversion rate than merely advertising your course on YouTube.
You may get your readers’ email addresses by providing a worthwhile product (lead magnet) in return for their email addresses.
7. Fan CrowdFunding
If you’ve created a dedicated fan base, inviting people to crowdfund your channel may help you make new videos and earn money.
Patreon and other such platforms make paying for your work a breeze. Your followers may subscribe to their favourite channels for as little as a dollar, and they could even walk away with some special prizes from their favourite content providers.
Many companies with YouTube channels (both for-profit and non-profit) are using the fan financing model to keep content development and marketing on track.
So, as long as your material is fascinating, entertaining, and valuable, you’ll be shocked at how enthusiastically your viewers will embrace it and seek out more.
This is one of the most effective methods for Nigerians to generate money on YouTube today.
8. YouTube’s SEO Consultant
This is especially important for video creators who haven’t yet established a significant following; you may need to step up your game this year to maximize YouTube SEO.
It is one of the methods for attracting targeted visitors to your YouTube channel and earning money in Nigeria.
To do this, conduct keyword research as normal, but attempt to think outside the box based on what people are looking for on YouTube.
Also, make sure that your video title, description, and tags include high-value keywords.
Once it’s up, you can look at your YouTube “Traffic Source: YouTube search” report to see what people are looking for when they come to your videos.
Google also delivers video results for keywords like “how-to,” “reviews,” “tutorials,” and “funny video phrases” to make things simpler for you.
Metrics to Consider For Ranking on YouTube:
- The number of people who have commented on the video.
- After viewing a video, the subscriber ratio
- The ratio of thumbs up to thumbs down
- the duration of the video
- The percentage of people that click on the results of a YouTube search.
How to Make Money on YouTube in Nigeria: Frequently Asked Questions
What is the cost of 1000 views on YouTube?
Because the typical pay rate for each ad view on YouTube is between $0.01 and $0.03, a YouTuber may make $18 per 1,000 ad views resulting from roughly $3 to $5 per 1,000 video views. A top YouTuber may also earn up to $5 every 1,000 video views, according to estimates.
Is it possible to monetize YouTube in Nigeria?
Anyone can upload and monetize their videos after Google Africa announced in August 2013 that the YouTube Partner Program would be expanded to more African countries, including Nigeria.
Does YouTube Pay Monthly?
Once you hit the $100 minimum compensation level, YouTube pays you on a monthly basis. The quickest approach to make more money is to generate high-quality, interesting material that keeps your viewers watching your channel.
How do Nigerians get paid on YouTube?
Google AdSense, the company that places adverts in your videos, pays you for each ad view. To monetise your YouTube videos, you must first have a Google AdSense account that has been authorized.
It isn’t something that happens overnight! YouTube is a terrific method to supplement your business’s revenue, but it’s not simple.
To generate a significant amount of money, each video must attract thousands of views. Understand that you’ll need to earn people’s confidence in your channel by consistently producing high-quality material that entertains, educates, and delights them.
Making money on YouTube doesn’t have to be reliant on advertising, and it doesn’t have to be limited by new advertiser regulations.
The good news is that you may increase your monthly profits by combining two or more strategies to make money on YouTube.
Make sure, however, that your video material is of sufficient quality for your intended audience. If you have a little more cash to spend on equipment, instead of utilizing the camera on your phone, invest in a nice digital camera.
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