I’m going to be talking about how you can start earning through your YouTube Music channel. I’m here to help you with the ins and outs of channel monetisation, which is your ticket to turning your passion for music into a full-blown career.
Monetising your YouTube channel comes with some appealing pros. The most evident benefit is, of course, the steady stream of income you get through ad revenue. Ads that play before, during, or after your videos can become a reliable source of earnings.
Beyond ad revenue, YouTube lets creators like you dip into more personalised revenue streams such as Super Chats during live streams and Channel Memberships. These features offer fans the chance to support you directly, putting a little extra cash in your pocket.
1. Monetise Your Channel
- Pros:
- Ad Revenue: Steady income from ads displayed on videos.
- Super Chats and Channel Memberships: Additional revenue streams through fan engagement.
- Cons:
- Eligibility Requirements: Must meet criteria (1,000 subscribers, 4,000 watch hours), which can be challenging for new creators.
- Revenue Split: YouTube takes a share of ad revenue and memberships.
2. YouTube Music and Content ID
- Pros:
- Music Distribution: Access to a wide audience through platforms like DistroKid and TuneCore.
- Content ID: Automatic monetisation of your music used in other videos.
- Cons:
- Distribution Fees: Costs associated with using digital distributors.
- Content ID Complexity: Managing claims and ensuring accurate tracking can be time-consuming.
3. Royalties and Other Revenue Streams
- Pros:
- Ad-Supported and Subscription Streams: Multiple royalty sources from YouTube Music and YouTube Music Premium.
- Additional Streams: Earn from Super Thanks, merchandise sales, and YouTube Shorts Fund.
- Cons:
- Variable Income: Royalties and other revenue streams can fluctuate.
- Platform Dependency: Earnings are tied to YouTube’s policies and algorithm changes.
By leveraging these methods, you can diversify and maximise your earnings on YouTube Music.