Dreaming of turning your YouTube channel into a source of income? You’re not alone! With millions of creators on the platform, monetization can be a fantastic way to reward your hard work and fuel your passion for creating videos. But with YouTube constantly evolving, staying updated on the latest requirements is crucial. Here’s a breakdown of everything you need to know about applying for YouTube monetization in 2024:

Eligibility Requirements:

The first step before getting started is to make sure that your channel is compliant with YouTube’s guidelines. Here’s what you’ll need:

Subscriber Threshold: It is also important to note that in order to associate your channel with a nonprofit, you have to have no less than 500 subscribers.

Watch Time: Your channel’s content must have watched hours and the amount should gain at least 3,000 watch hours in the past year. This translates to 3,000 hours total hours that viewers spend on your channels watching various videos.

Content Guidelines: YouTube Community Guidelines apply to all the content you post, so make sure you stick to them. This needs to be done by steering away from videos containing filth such as hate speech, violence or any other unwanted content.

Linked AdSense Account: You are assumed to have a linked account with AdSense in order to receive your earnings from YouTube. AdSense is a program that has been launched by Google through which you can place advertisements on your videos, and in return, make money by getting paid each time the clips are watched by users.

The Application Process:

Once you meet the eligibility criteria and feel confident about your channel’s quality, you can apply for monetization by following these steps:

1. Sign in to your YouTube account.

2. Click on your profile picture and select “YouTube Studio” from the menu.

3. Navigate to the “Monetization” tab in the left-hand menu.

4. Review the YouTube Partner Program (YPP) terms and conditions.

5. Once you’ve reviewed the terms, click “Apply Now.”

The Waiting Game:

After submitting your application, YouTube will review your channel to ensure it meets all the requirements. This process typically takes a few weeks, so be patient! You’ll receive an email notification from YouTube once your application is reviewed.

Monetization Options:

If your application is approved, congratulations! You’ll have access to various monetization options on YouTube, including:

Ads: This is the most common form of monetization. YouTube displays ads before, during, or after your videos, and you earn a share of the revenue generated.

YouTube Premium Revenue: A portion of YouTube Premium subscription fees is shared with creators based on watch time from Premium members.

Channel Memberships: You can offer paid channel memberships to your viewers, giving them exclusive perks like badges, emojis, or early access to content.

Super Chat & Super Stickers: Viewers can pay to highlight their messages in the live chat during your livestreams.

YouTube monetization can be a rewarding experience for creators who are passionate about creating content. By focusing on high-quality content, audience engagement, and meeting the eligibility requirements, you can take your YouTube journey to the next level. Remember, success doesn’t happen overnight. Keep creating great content, stay consistent, and watch your channel flourish!