If you are a big fan of YouTube, then you would have realized that the social network houses about one billion subscribers who watch videos every day. Amazing right?
With a whopping 400,000 uploaded videos every hour, you can use the platform to get your videos across to so many people and earn. To make money on the website, you don't need to possess a deep level of technological know-how. No high-level equipment needed to make videos, you need your smartphone or a camera.
YouTube is the most sought after site after Google, when it comes to gaining knowledge and, most people seize this opportunity to upload videos and, as a result, it earns them cash.youtube ranks #2 as per Alexa
Much similar to vloggers in other industries, Youtube is a home for world-wide passionate vloggers who are sharing several insights, tips, knowledge about crypto and blockchain ecosystem. If you are a crypto YouTuber with a consie looking for ways to monetize your channel, here are some tips that would aid you in the process.
Advertising revenue
One thing that most upcoming crypto buffs who wish to become a YouTuber, is the amount of money one can generate from an advert. According to statistics, a YouTuber stands to rake in about $3-$10 per every 1,000 engagements, and it is the easiest way to earn on the platform. The site is said to split the entire revenue gotten from the advertisement into a 55% and 45% fraction with the YouTuber getting the most share. The sharing ratio means that you get paid more for being on the site and showcasing your crypto knowledge. The more you get people to engage your channel, the more money for you.
Sponsorships
Let's just assume that I am very versatile with certain crypto, for example, Ripple's native token, XRP. I have a potential target audience and I discuss extensively the activities of the asset in the crypto market and when to invest and when not to. Let's say it catches the fancy of Ripple CEO Brad Garlinghouse, and he invites me over, signs me up to talk more about the coin on my channel, and pays me. Even though I'm still earning on the site, Ripple will pay me some amount of money for doing what I enjoy most, talking about the XRP crypto.
Sales of merchandise
What most people do not understand is that you can be an owner of crypto channel on YouTube and still sell all kinds of stuff, which will attract you more money. Let's say for instance, I sell shirts and other brandable products. I might decide to get the approval from a crypto company to brand their crypto on my shirts or help them sell their merchandise. The deal in turn fetches me more money. Selling goods has been one of the few ways to get money, and you can still do that while earning on YouTube.
Fan donations
Most crypto buffs are versatile with the way they expertly talk about some certain crypto and the way they help people decide when to invest and when to hold on to their funds. Fan donations come in after you have given people correct tips on what to do and when to invest, and they make profits. You might just put up your wallet address in description of your videos, and your fans would donate. Even though newly growing crypto accounts would not be able to enjoy this privilege, an experienced YouTuber with a huge subscriber base would enjoy it.
Premium content subscription
YouTube recently launched an ad-free red zone where subscribers would be able to view your content without being disturbed by annoying ads. YouTube offers the Red Zone to a YouTube channel with over 1,000 subscribers and helps them bring in more income. The new platform offers exciting privileges that are better than the normal YouTube free zone. With the ad-free red zone available to YouTuber of age 18 and above, they enjoy special benefits during live stream events.
Number of videos
If you intend to make maximum profits on YouTube and a crypto channel owner, then you would need to be constantly making videos. It absolutely not be tiring as long as you enjoy your work. If you remain consistent, it would earn you a larger fan base which means a bigger subscriber base which automatically turn into huge amounts of money in near future. With information coming up every minute in the crypto world, you should be able to talk extensively on the events that unfold every minute.
The crypto niche
YouTubers target their customer base with events that are only captured during a particular moment. For example, if a phone company releases a new phone, some YouTubers would take it upon them to unbox or review the new phones. The same goes for the crypto niche, events happen all the time and major headline news makes their way into the limelight. If a crypto YouTube influencer reports and analyses events such as the previous halving and explanation of smart contracts, then it means more subscribers and more money.
Getting the right audience
Like the saying goes "Rome was not built in a day", so is making money on the YouTube platform. Making money doesn't come by sitting down and hoping that people come and subscribe to your channels. To build the right audience, you should be able to make sacrifices like some notable crypto YouTube influencers. Some of them had to host crypto giveaways and airdrop events, buzz on their social media profiles which has pulled massive audiences to their channels which has made them millionaires today.
Promoting your channel
Forget the fact that you are a seasoned and versatile crypto enthusiast who owns a channel, promoting the channel is the key to bringing in an audience. Posting adverts about your channel on different websites with breathtaking events to attract an audience. If big sites can promote your channel and vouch for you, then the sky is only the beginning.
Conclusively, making money off YouTube as a crypto buff is not exactly hard like the way some people portray it, if you can follow the few guidelines mentioned above then you're in your way to make it big.
Notable crypto influencers that have gained fame from YouTube include Hashoshi, Aimstone, and Chico crypto.