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In this era of a rapidly evolving digital climate, YouTube is a beacon of opportunity for its content creators. YouTube is more than a global stage where you can show your talent and creativity. YouTube monetization program allows YouTube content creators to make a good profit out of their passion. Are you a beginner content creator who wants to turn your passion into a money-making venture?
Update yourself because YouTube has released an update about its monetization eligibility. YouTube has untied a bundle of opportunities by lowering the eligibility requirements for creators to get profit from their videos. In this comprehensive guide, we will discuss everything about YouTube monetization and explore the new requirements for capitalizing from this platform.
What is YouTube Monetization and
According to Google, there are 2.70 billion active users on YouTube, and they watch 1 billion hours of videos every day.
YouTube earns a handsome revenue from this viewership by offering companies to run ads on videos and pay YouTube an X amount per 1000 views. According to Statista.com: YouTube advertising generated a revenue of $19.77 billion in 2020 which is 18% more as compared to $15.5 billion in 2019.
Monetization on YouTube channels refers to income generation by uploading video content. YouTube has a very useful monetization program for its creators, which is known as the YouTube Partner program.
We will be answering all the questions that are in your mind related to YouTube monetization such as; how does the YouTube Monetization work? Who can join this program? How to apply for YouTube Monetization? How to get accepted for this program. What are the requirements for joining? Read it carefully to get a satisfying answer to all your queries.
What are the Recent Updates in the YouTube Monetization Program?
Exciting news about YouTube monetization and the YouTube partner program is that the eligibility requirements are lowered. On June 13, 2023, YouTube released the information about new criteria for monetization. It is a golden chance for those who always dreamt of making a YouTube channel and earning through it but never tried because of high monetization requirements. Let’s take a look at the updates on YouTube.
Watch Hours and Subscriber Count
For getting into the YouTube partner program and access to monetization new creators only need 500 subscribers instead of 1000. Also, the number of watch hours is reduced to 3000 from 4000.
You would have to meet these requirements within a defined period of time. For example, in the case of watch time gather 3000 hours of watch time within a 12-month period if you want to access the YouTube monetization program.
New Money Making Features Offered by YouTube
Other monetization features include; YouTube premium revenue, YouTube shopping affiliate, YouTube brand connect, and YouTube ad revenue. For these features, you still need to have at least 1000 subscribers and 4000 hours of watch time. However, the 500 subs that you gathered and the 3000 hours that you accumulated do count toward the overall total 12-month period.
YouTube Shorts Monetization
If we talk about the YouTube shorts policy the same does apply to YouTube shorts creators. The requirements have changed from 1000 to 500 subscribers. Talking about watch time or views typically you require 10 million views within a 90-day period before June 13, 2023. However, with these new monetization requirements, you will need only 3 million views in 90 days to apply for monetization.
Video Publishing Frequency
The requirement is at least 3 videos published within the last 90 days. Obviously, it is not possible to gain 3 million views on merely 3 videos as a new creator. Publish as much as you can but keep the content quality standards high.
Welcome to YouTube Monetization
By meeting these requirements, you will become an eligible creator for the YouTube fan funding tier, and also you will get access to other flavors of YouTube monetization including Super Chats, Live Streams, and Channel Memberships. It is recommended that you have your AdSense account linked to your YouTube channel before you apply for modernization. It tends to make the process a little bit easier on you. Link your account to your YouTube channel even if you are not yet qualified for YouTube monetization. This makes the process a little simpler and easier.
YouTube Channel Growth Tactics
Content Quality and Value
Keep that in mind, the key to YouTube’s success, thriving fan base, and increasing views is organically possible if you create and upload truly entertaining video content that provides real value.
Rule number one is offering a high-quality and valuable experience to the viewers to stand out from the rest of your niche. Today’s viewers have a better insight and experience in discriminating between good and bad content quality. You must offer top-notch visuals and high-quality audio so that people reward you by regularly watching you and increasing your viewership. Although There are other factors like YouTube SEO which affect video visibility, high quality content is the main factor in growing your channel.
Video Uploading Consistency
The graph of your YouTube success shows an exponential increase when the YouTube algorithm starts to push your channel. And this algorithmic push has a direct relation with the number of uploads per week. The more you upload videos the more support will be provided by the YouTube algorithm and your chances of reaching the required watch hours increase. Be consistent in releasing videos but try not to lose the quality. Keep your content genuine and worth watching for healthy and sustainable channel growth.
Final Thoughts
In conclusion, since the launch of the new policy by YouTube about channel monetization several new doors of plenteous opportunities are opened for creators worldwide. As YouTube has lowered the minimum requirements for monetization new creators can easily join the YouTube earning community by putting in just a little effort.
And in this era of AI, you just need an idea of which you want to make a video. The script, voice-over, model, and video can be created using AI software. No heavy investments are required camera, lights, studio setup, etc. So, don’t think much, just start creating videos and earn money out of your passion.
