There are a lot of ways to make money on YouTube in 2023 , Monetization is not the only way.

Also YouTube has changed it’s monetization rules for 2023. To know more about Monetization rules for 2023.

Here are the best five ways to make money on YouTube in 2023:

1. Google Adsense Monetization

To become eligible for YouTube Monetization, your channel must complete

• 1000 Subscribers and 4000 hours watch time within past 365 days.

Or

• 1000 Subscribers and 10 Million Views on Shorts videos in past 90 days.

Your channel must follow other Monetization Rules by YouTube. And you need to link your Google Adsense account to get paid.

YouTube adsense revenue is not fixed. Approximately you’ll earn around 2-3$ per 1000 views. It depends on a lot of factors like ad type, viewers location, etc.

2. Affiliate Marketing 

Affiliate Marketing is one of the best way to make money on YouTube in 2023. This method is super beneficial for YouTube channel making product reviews and unboxing videos.

One of the best platform for affiliate marketing is Amazon Affiliate.

You’ve to place a link of product from an e-commerce website (like amazon) in your YouTube video description and when someone buys on Amazon through your link. You get commision from that e-commerce website. 

The percentage of commision also depends on the type of product. Generally, Amazon Affiliate pays around 4-12% of the products price as commision to you.

3. Sponsorships

Companies approach channels to make shoutout video for their product or service and for that they pay a decent amount of money. It depends on the type of audience and active viewers. Sponsorships is the best way to make money on YouTube.

4. Youtube Shorts Fund

Youtube shorts fund was launched by youtube in april 2022. this is a $100m dollar fund to reward youtube channels for making shorts videos like instagram reels. this fund is paid according to the number of views you get on your youtube short videos to become eligible for youtube shorts fund.

• Youtube channels must have uploaded a short video in past 180 da

• Channels must follow copyright and community guideline

• Videos featuring watermark or reuploaded from other platforms are not eligible for youtube shorts funds.

5. Sell Merchandise and Enable Superchat

You can sell Merchandise on YouTube by enabling it on YouTube Creator Dashboard. You need to design and customize prints on products like tshirts, caps, etc and Sell them on your YouTube channel.

Also if you are a live streamer, you can enable Superchat and Stickers where the audience can support you by sending money. The amount earned from Superchats is also added to Google Adsense account from where you get paid into your bank.

To make your YouTube revenue turn into a handsome amount, Follow the 5 ways discussed above to make money on YouTube in 2023.