Hello all my readers…! Some days back, I was totally indulged in my university activities so didn’t find enough time to write about a practical money making scheme bubbling in my mind from about two months ago. YouTube is the world largest video sharing portal, right? But what If I tell you that now I am successful in figuring-out some solid ways to make some extra money using that free platform? So today I will be explaining some implementable ways. I am using the word “implementable” because when I went through some articles previously written on the subject I found some nice articles written but for gurus only and not for One thing I must tell you is to be patient. It is not like
(1)Getting GPT Referrals Via Promotion at YouTube
Idea: Recruit people under yourself by referring them to GPT (Get Paid to) sites like CashCrate, by showing them how they can earn some extra bucks easy way every month.
Difficulty and effort score: 5 out of 10
Earning potential: You can earn $1500+/month, if you do niche segmentation. This means targeting right audience at right time.
Explanation of Idea: Now as you are in the search of some way to make some extra money every month, same is the case with other people too. “Get Paid to” websites commonly known as GPT sites pay small amounts for doing variety of tasks like doing surveys etc. For example, there is one most popular website known as Cashcrate. Cashcrate pays about $2 everyday for doing 2-3 small surveys every day, plus there are tons of free offers which you can do to grab some extra bucks. You can make a YouTube video showing people how they can make (some) extra money doing few minutes surveys everyday at GPT sites.
A smarter choice can be to target a smaller niche. For example, you can make a video targeting teenagers or students, who are always in the need of some extra money anyway. This way your video will gain more exposure and right audience. Typically you get $1 to $5 for every referral plus most of the GPT sites grant you share of your referrals’ earnings too, for life (typically 20-30%).
Here is the listof most popular generously paying survey and GPT sites. By the way, CashCrate is my favorite GPT site as it pays you $3 for every referral as soon as he or she reaches $10 account balance, which is not difficult to reach anyway. Join Cashcrate here and start promoting. You have to present your referral link in description of video. Again, you can hire someone from fiverr to make a nice video for you.
(2)YouTube Video Monetization Using CPA Offers
Idea: Earning bucket loads of money is no more an idiom with the advent of CPA. And believe me people; earning $100/day with CPA is not difficult using YouTube video promotion, provided you have the right information.
Difficulty and effort score: 6 out of 10
Earning Potential: $3000+/month is not difficult to reach, but exact amount depends upon many factors including choosing right niche etc.
Explanation of Idea: CPA stands for cost-per-action or cost-per-acquisition. It is similar to affiliate marketing except that you don’t need to make a sale, instead, the referred person needs to perform some action only, (like sign-up, email/zip submit, download etc) in order to earn you commission. The scheme is to choose some hot CPA offers and promote them via YouTube. For example, after registering with some CPA network I will choose some email/zip submit offer since they convert more (since user don’t need to buy anything at all instead, mere submission of email/zip code will suffice to earn you commission which typically ranges from $1 to $20+, depending on the niche you choose). It is that simple…!
Next step is to make a YouTube video convincing the viewer to complete the action (e.g., email/Zip submits etc) by clicking the link you will place in the description of that video. Hundreds of people at fiverr.com are willing to make high quality videos only for $5 bucks, so you can hire someone there if you are not too good at making videos. You need to give your CPA referral link in the description present at the bottom of your video. In the video, you have to peruse the visitors to sign-up with the link to avail the service you are offering.
It is not possible for me get into the detail of CPA here as it is off the topic. That is why I strongly recommend you to download this free short eBook (24 pages), which will help you to take a start right now.
(3)Make Money on YouTube Sharing Content Via ShareCash
Idea: Placing “most wanted” content (cracks, cheats, promos and similar things) at Sharecash and then promoting it via YouTube.
Difficulty and effort score: 3 out of 10
Earning Potential: $300 to $3000 depending on effort.
Explanation of Idea: Sharecash is a paid to download website but instead of holding you pennies for your effort like other pay-per-download sites, sharecash actually pays you upto $1 per download. Yes you heard it right there…! But the restriction is that they accept US traffic only.
Now as we all know, we have to pay the price in order to get something valuable and same is the case here. Whenever someone wants to download a file from sharecash, they put a survey before proceding to download page.
Now that is some thing frustrating and people will only try to get through the hurdle if they are going to get something really useful.
Now what it can be? It can be anything like cracks, cheats for games or even simple ebooks about fat loss.
While scrolling through forums I was surprised to know that many people have exploited some techniques making them over $500 every month and month after month. And YouTube can be a way.
You can earn more than $300 per month via sharecash and people like you are doing that. In one of my article I have discussed some an exact blue print and you only need to follow it step by step: Earn Bucket Loads UsingShareCash.org, But How?
(4)Make Money from YouTube Video Views
Idea: Making attractive videos for advertisers at MyLikes.com and start making money off YouTube video views straight away. Moving in right direction, you can make more than $300+ per month.
Difficulty and effort score: 3 out of 10
Earning Potential: $50 to $300 per month and if you are serious then you may earn more.
Explanation of Idea: Another way to make money on YouTube is direct payment on your video views. Recently I stumbled upon a website called MyLikes.com, where you are paid directly proportional to the views received by your video. Actually you make a video for an advertiser at Mylikes and as soon as your video is approved, you are paid according to the rate set by advertiser.
This scheme may not make you as much money as you like, especially when compared with the above mentioned CPA and Sharecash methods, however the effort is also minimal and you can see money coming-in readily due to short term approach when compared with other methods. The guys behind Mylikes are the same who worked in the development of adsense and other Google products (two ex-Googlers) so no question on legitimacy.
(5)Indirect Blog Promotion via YouTube
Idea: Supplement your blog traffic by diverting free traffic from YouTube to your blog. But this can be successful for some specific niches only.
Difficulty and effort score: 7 out of 10, but it can bring loads of non-stop traffic to your blog.
Earning Potential: Major dependence is on niche and effort, but measuring in terms of traffic, you can gain thousands of visitors a day.
Explanation of Idea: This involves creation of a blog based on some niche. For example, I have seen people promoting bodybuilding blogs on YouTube with a link to their blog presented at the start and at the end of video (you can also place link in description). Same is the case for cooking niche.
World’s largest video sharing portal is always crowded with people and you get a nice chance to direct people to your blog. A nice way to accomplish this is to make a dedicated channel to gain a sense of personalization. You may require to do some sort of niche research before “jumping-in blind” because competition is growing with the passage of every single day on YouTube too.
(6)Promoting Other’s videos from YouTube
Idea: Promoting readymade “interesting” YouTube videos by placing them on your blog and then promoting it via social media like facebook, twitter, MySpace etc. In other words: Set up a free blog at blogger.com and pick a set of videos on some striking topic and promote it on social media until it goes viral. Monetization will be done by placing adsense ads and CPA offers.
Difficulty and effort score: 7 out of 10, but it is more of a luck and idea than effort.
Earning Potential: Not definite. Can vary a lot depending on the scheme used.
Explanation of Idea: With the advent of social media, now news spread like a fire in jungle, as I have experienced it many times in past and you can’t even imagine, if you had never thought things that way. Few days ago, when I was surfing the web, a friend of mine sent me link of blog (built on blogger) where someone had put five funny videos under the title “five dumbest people in history”. The videos were cool however, and were on some celebrities and the former president George Bush.
But to my surprise, another friend of mine who was not ever in contact with my previous friend, sent me the very same link in evening. Minutes later three of my other friends sent me the same link and once again. I got stunned after watching such a viral promotion and at first revived myself of the power of social media which I had forgotten long ago. That blog was monetized by placing CPA ads.
However schemes like this don’t dependent on effort and you will succeed only if you compile something attractive enough to gain people attention with some idea and on the other hand it should be general.
It is however, not that difficult to find such a thing because there are tons of interesting stuff on YouTube and the only thing you need to do is to compile it at one place and give it an initial push by sharing with your family and friends.
Once your blog goes viral then the question arises about how to monetize your efforts? Because you targeted general audience now the ads should also be general. And again here enter the CPA offers because they pay well and a lot of them can be placed in front of general public with excellent conversion rates. For example, you can place offers which enter the applicant into lucky draw for a chance to win free iPhone 4 only for submitting zip/email (Who don’t want to get a free iPhone?). These types of offers typically pay $2 - $3 for every submission.
(7)Going Somewhat More Professional
Idea: Utilize real potential of YouTube by promoting affiliate products in a more professional way.
Difficulty and effort score: 8 out of 10
Earning Potential: Ranging from tens of thousands to millions of dollars per month.
Explanation of Idea: This Scheme requires more sincerity and dedication to be successful. Have you not heard of the guy who sold $ 1 million worth tongue brushes via video promotion on YouTube? (Some days back I was reading an article on a reputed blog that a middle aged guy did this without having any company, office or shop). The whole idea is to make some professional compelling videos (making a channel would seem more professional) about some product and build trust.
Don’t you know that video persuasion is more converting? This strategy may take up more of your time but don’t forget about the rewards you can reap once your video catches views. And remember, showing professionalism is the key to success here. And in this case hiring someone at fiverr should not be sufficient instead; you should outsource your work to some professional which you can do at oDesk or eLance. Or if you are tight at budget then move to fiverr. I have seen decent videos out there which were made by hiring someone from fiverr. At least it can help you take a start to move toward some better option.
(8)Get Accepted into YouTube Partner Program
Idea: Placing your full focus on developing quality videos and growing views until you get accepted into the YouTube partners program, how many views you need to get entry, I cannot say about any number but if your videos are gaining good number of views (thousands of views per day, for example) then a chance is that you may be invited.
Difficulty and effort score: 9 out of 10.
Earning Potential: Sorry I have no idea because Google is reluctant to disclose but I guess it must be in range of tens of thousand US dollars.
Explanation of Idea: And this is the hardest one; I believe it is more of luck than effort. If it were to be due to effort then it would not be the matter for an individual instead, you might need a corporate.
If you become successful to grow yourself into a publisher having thousands of video views per day then you may get a mail from Google as an invitation for inclusion into their Youtube partner program.
As a partner you are bestowed with monetized video views. However, partner program is based on individual videos and not whole account views. Moreover, this program is allowed in some selective countries only.