Full Guide on How To Make Money From YouTube in Nigeria
- Yakubu Binuyaminu Adeiza
- April 7, 2022
- Personal Finance, How To, Make Money Online, YouTube
- Finance, How To, Make Money Online, YouTube
- 1 Comment
Are you looking for “How To Make Money on YouTube In Nigeria?” The growing economy for creators (Skit Makers) has revealed a variety of ways to make money on YouTube. Have you ever wonder how skit makers a.k.a comedians make so much money? Taooma started and in less than 1year of been known, she is raking in millions of Naira, the richest YouTuber in Nigeria is Mark Angel Comedy with billions of views on their YouTube Channel.
And while some methods offer a lower barrier to entry than earning through ads, there’s no substitute for quality content and an engaged audience.
If you can tap into your creative side and are willing to put in a lot of effort, you might be able to make money on YouTube too. Here are some methods to explore.
How To Make Money on YouTube in Nigeria
To make money on YouTube might be easy at some point, as it is one of the best ways to earn passive income online even when you are sleeping. See top ways to make money from YouTube in Nigeria below.
Determine the kind of videos you prefer to view on YouTube. I, for one, enjoy watching a lot of compilations, pranks, and top 10 videos. What is the significance of this? Because it is here that you will discover your gold mine, and you will know the kind of videos you want to be working on.
1. YouTube Partner Program (Google AdSense)
Let’s get this out of the way first. The biggest hurdle to joining the YouTube Partner Program is getting past the 1,000 Subscribers threshold and 4,000 Public Watch Hour in the past 12Months. Once it does, it opens the door for ad revenue, and you get paid per views on every video you upload on your YouTube Channel.
Requirements For Joining YouTube Partner Program to Make Money on YouTube
- You must upload original contents without copyright
- Your videos must meet the site’s advertising guidelines
- 1,000 Subscribers in your YouTube Channel
- 4,000 hours of valid public viewing in the last 12 months.
- You must live in an eligible country (Nigeria is Eligible)
- You must link a Google AdSense account.
- Once you meet the requirements, you can apply by clicking on your profile and navigating to the “monetization” section.
As a partner, you can earn money through ads, membership benefits, and features like Super Chat, which lets viewers pay to have your messages highlighted during a live stream.
How many YouTube views does it take to make money?
You are not paid per video view. Rather, you get paid for how many times someone watches or clicks on an ad displayed on your video.
Influencer Marketing Hub says that while pay varies, the average YouTube channel can expect to earn around $18 per 1,000 ad views. That translates to $3 to $5 per 1,000 video views when you factor in the rate of ads actually viewed.
When do I start making money on YouTube?
You will be paid once your balance reaches $100. Let’s say it takes about 1,000 video views to earn $4 from viewers who saw ads. You would need 25,000 video views to earn $100 through those ads.
If you have a small channel, you may only get paid every few months. You’ll also come across things like, Identity verifications, Physical Address Verification and taxes.
Sound like a long road ahead?
Below are alternate ways to earn before you hit 1000 subscribers.
2. Start Affiliate Marketing
Affiliate marketing can be the most practical way to monetize your YouTube traffic, especially if you plan to make product review videos. It works like this:
Find a business or seller with an affiliate program, like Jumia.com, Konga.com, Betking, BetNaija, NairaBet e.t.c, and apply to join.
Once accepted, you’ll use their process to create custom links to the products you plan to include in your videos.
Demonstrate, review, or reference products in your YouTube videos, and paste your custom affiliate marketing links into the description field when you upload them.
As a brand affiliate, you will earn a commission when a viewer clicks on your custom link and purchases the product.
While Jumia JForce is a great way to make money on Jumia.com, there are plenty of other opportunities out there. Look on affiliate marketing sites like ShareASale and ClickBank to find potential corporate partners and products to feature. You can also search the websites of your favourite brands to learn how to become an affiliate straight from the source.
Don’t forget to properly notify your viewers of your affiliation with the featured brand(s), and be sure to give them the “link in description” when you upload your video.
3. Create sponsored content through brand offers
Getting a brand deal, also a form of affiliate marketing, is another way to get paid on YouTube: Businesses interested in your channel’s audience can sponsor your videos or offer product placement offers in exchange for recognition.
The operative word here is “audience,” which means that these kinds of deals are more likely to come when you develop a following. As your channel grows, you can reach out directly to brands you’d like to work with or use resources like affiliate marketing sites to find corporate partners that complement your style of content.
With branded offers, you can receive lump sum payments, earn sales commissions , or get the product or service for free.
Remember: If you have an endorsement or use product placement on a video, you must notify YouTube by checking a box in the advanced settings tab of your video manager to indicate that your video contains a paid promotion.
Let me use skit makers as an example again, whenever you see Lord Lamba, Taooma, Officer Wos, talking about 1XBet and they tell you to signup with promo code LambaBet or WosBet, this is the kind of deals I’m talking about.
4. Create and sell your own product or merchandise
If you have merchandise or offer a service that is relevant to your audience, provide information and links in your videos. For example, creator Marques Brownlee of the popular tech review channel MKBHD leaves a link to his own line of t-shirts and accessories in every video he posts.
Selling a physical product may require you to purchase materials or find a manufacturer, but you can also sell downloadable like e-books, art prints, or virtual classes. Have a secure payment system before listing your products.
Incentive to sell: While creating your own products can be much more difficult than selling other companies, you could make more money this way, since you’ll keep most of your profits as the product owner.
So, How much money can you make on YouTube?
This question is complicated. The answer is similar to the landscape of the music industry. Like emerging Record Label and artists who bring out the best songs and amass an exponential fanbase, YouTube stars with millions of followers are poised to make the most of it, easily reaching seven figures.
According to Forbes, creator Stevin John of the newly popular kids’ channel Blippi earned $17 million in 2020, largely thanks to the 8.2 billion views and 27.4 million subscribers he amassed on YouTube. That kind of success is more the exception than the rule, but don’t let that put you off.
Sean Cannell, co-author of “YouTube Secrets” and founder of the Think Media channel, advises new YouTubers to lean into affiliate marketing as the best way to earn early on YouTube. In a video post from 2021, he says that, it is possible to make $500 a week with the right niche and strategy.
Win an audience and earn more in the long run
YouTube offers opportunities for everyone, but it’s not a get-rich-quick scheme (Even though it is, if you work hard and smart). It takes time, effort, and an engaged audience to make money on YouTube. The good news is that with a little motivation and a lot of practice, you can find ways to earn before the coveted threshold of 1,000 subscribers.
Please keep these tips in mind as you get started:
The more videos you make and upload, the easier it will be to reach the viewing hour threshold.
The better you target your content to a specific audience or niche (for example, film photography), the more likely your viewers will subscribe for more.
Thoughtful and entertaining videos are more likely to get views, so it pays to put the effort into planning and production.
Don’t discount the power of a specific headline and featured thumbnail to grab the viewer’s attention.
Other ways to earn money online.
If making money on YouTube isn’t for you, consider these alternative routes:
- Do you want to try another video platform? Try to make money on TikTok.
- If you’re a gamer, find out how to get paid on Twitch.
- If you’re writing anyway, consider how to make money blogging – Click Here To Read.