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The Top 3 Ways to Monetise Your YouTube Channel in 2023

May 4, 2023

Are you a content creator on YouTube looking to turn your passion into profit? With over 2 billion monthly active users, YouTube offers a massive potential audience for monetisation. In this post, we'll explore the top three ways to monetise your YouTube channel in 2023.

1. Ad Revenue

One of the most common ways to monetise your YouTube channel is through ad revenue. YouTube's Partner Program allows creators to earn money through ads that are displayed on their videos. To be eligible for the program, you need to have at least 1,000 subscribers and 4,000 watch hours in the past 12 months. The amount you earn per ad varies based on factors such as the ad format and viewer demographics, but it can range from a few cents to several dollars per 1,000 views.

2. Brand Deals and Sponsorships

Brand deals and sponsorships are another popular way to monetise your YouTube channel. As your channel grows, brands may approach you to promote their products or services in your videos. You can also reach out to brands and offer to collaborate on sponsored content. The amount you can earn from brand deals and sponsorships varies widely based on factors such as the brand's budget, the type of content, and the size of your audience.

3. Merchandising

Merchandising is an increasingly popular way for YouTubers to monetise their channels. You can sell branded merchandise such as t-shirts, hats, and mugs directly to your viewers through platforms like Teespring and Spreadshirt. Alternatively, you can partner with a merchandise company that handles the production and fulfilment of your products. The amount you can earn from merchandising depends on factors such as the type of products, the price point, and the size of your audience.

In conclusion, there are many ways to monetise your YouTube channel in 2023. Whether you choose to earn revenue through ad monetisation, brand deals and sponsorships, or merchandising, it's important to build a loyal audience and produce high-quality content that resonates with your viewers. By doing so, you'll be well on your way to turning your passion for YouTube into a profitable business.

Ready to take your YouTube channel to the next level in 2023? Book a Discover Call today to learn how we can help you optimise your content and monetise your channel.