There is money on YouTube but how do you get it? Getting paid on YouTube is an amazing way to be rewarded for the good and engaging content posted on the platform. It’s 2021 and YouTube is a good way to make money. I will show you how to monetize your YouTube channel in 2021.
You are thinking of starting a YouTube channel but you have no idea how this is going to get you money. Or, you have already started and you are confused as to how to monetize your YouTube channel?
Welcome to my YouTube channel!
This article is just for you. Consider it as a guide in your journey to making money with YouTube. I’ll be showing you how to monetize your YouTube channel in 2021.
Things You Need to Achieve Before you Monetize Your Youtube Channel
You need to have 1,000 subscribers on YouTube.
4,000 hours of public watch time in 12 months.
Comply with the guidelines and policies made by YouTube.
Create and link your Adsense account.
Kindly note, public watch time is the duration of time (in hours) it takes users to watch your public videos. Deleted or private videos are not included.
How to Enable Your YouTube Account for Monetization
- In your YouTube menu, there is a drop-down by the top right of your screen, click on it and you’ll see “YouTube studio”. Tap it.
- Clicked on the “YouTube studio”? By the left side of the screen now, you should see “monetization”. Click on it.
- Once the “monetization” window opens, click “start”
The moment you click on it, you have agreed to the terms of the YouTube partner program. The next step is to link your Adsense account to your YouTube channel.
What does an Adsense account do?
It is the Google account that you link to YouTube for payment.
In continuation of the process, click on “start” in the “Sign up for Google Adsense”. The Adsense account you created will be linked here. If you haven’t created any, you can create one by following the instructions showing on the screen. An Adsense account can be linked to more than one YouTube channel. After the account has been linked to YouTube, a green “done” will appear on your screen.
The next thing to do is wait.
The “done” shows that all application process has been finalized but has also placed you on an automatic review queue. The review will be done by humans and it takes 30 days or even more. There have been cases of 6 months waiting on review. While waiting, don’t leave YouTube. Keep uploading engaging content and focus on Search Engine Optimization, just like every social media algorithm. It favours consistent users.
Your review may be rejected due to non-compliance with the policies and guidelines of YouTube. However, you can re-apply 30 days after the initial trial.
The good news you’ve been waiting for me to share is once you get into YouTube partner programs, you can now update your ad preferences, enable monetization on your uploads and make money while at it.
Ads have been the most known way of making money with YouTube. However, there are additional ways that you can do this:
1. Sell Merch on Your Channel
Most video content creators sell products on their websites. They produce products that they know their viewers will be interested in buying. Make your viewers aware of what you’ll be selling. Advertise wisely and you could even set a poll question on what they will buy from you if you start selling. Cute things most especially sell a lot.
Create an online store for the merch you create and add it in every of your video descriptions, backed up with a catchy call to action.
Even a YouTuber can be an influencer. This is a popular way that makes money for YouTubers. All you have to make is have direct communication with the brands and get paid for advertising their products in your video content. You’ll be paid for doing that.
Brands that see your engaging and large audience would even come to you themselves. This is one excellent way to monetize YouTube in 2021.
3. License Your Video Content to Media
What does this even mean?
Let’s imagine your YouTube video gets viral, news outlets would want to get their hands on a copy of the video. And they are also well aware that they are to pay to get the copy from you.
Having said this, it is wise to update your contact details on your about age on YouTube. It’s that simple, in order to license your work to the media, you just have to make yourself easy to find and connect with.
Conclusively, if you read all of this, congratulations. Cheers to making money with YouTube.
Every entrepreneur has a list of failures before their success stories as mistakes are inherent in life. It’s a normal phenomenon. However, common mistakes entrepreneurs are bound to happen and there are some that are avoidable if carefully thought about. Firstly, who is an entrepreneur?
An entrepreneur is generally defined as an individual who organizes or operates a business or business. In my own opinion, an entrepreneur is a person who starts a business or many firms, discovers and solves problems, and is creative, imaginative, opportunist, risk-taker, self-starter, and open-minded with the hopes of profiting from the venture.
Now that we know this, let’s take a run down through common mistakes entrepreneurs make in Nigeria.
Common Mistakes Most Entrepreneurs Make
1. Inadequate Capital
There’s something called “starters financial pit”. It is when an entrepreneur or startup desperately stays to search for funding 2 to 3 months after the launching of the startup.
It is highly advisable to get an extra stream of income or a stable one – it can include friends, investors, or even family members. Making sure the financial assistance coming from the source(s) is indeed stable and reliable is an important step that every entrepreneur should do. A minimum of 6 months financial buoyancy plan should be drawn and managed.
Starters’ financial pit is one that every entrepreneur wishes to never be in, but somehow end up in. You can avoid it by making adequate financial preparations.
2. A No-Plan Game
The popular phrase, “failure to plan is planning to fail” is indeed true. It is not only a common mistake every entrepreneur makes in Nigeria, but it is an impractical and unrealistic way to start a business or startup as an entrepreneur.
Plan is a detailed formulation of a program of action OR an orderly arrangement of parts of an overall design or objective.
Without a detailed formulation of a set of actions as an entrepreneur, it’s a failed start-up already before it even started.
This mistake of the no-plan game can be avoided by just having a plan. A well-thought plan. A plan includes Market research, content strategy, running ads, and many others.
3. Putting Together the Wrong Team
A team thrives and grows on teamwork. An ineffective and unproductive team fails at teamwork and fails at the business entirely. For the growth of any business, knowledgeable personnel that handle specific roles are highly needed.
Having a great team in place is equal to having an indispensable asset in your business. Find the right team and set business to sail.
4. Monetizing an Invaluable Business
I defined an entrepreneur as a person who discovers and solves problems. If you are not solving a problem, you are not an entrepreneur. A business is set to fail if it doesn’t have a target audience and targeted problems.
People put their money and trust in places that give value, something of relative importance to them. As an entrepreneur, if you do not have that, it’s a failed one right at the beginning, even more so monetizing an invaluable business. Value is offering a better solution to a problem than the existing products, providing a cost-effective product, and standing out, by bringing a unique approach to a business.
This is one common mistake every entrepreneur makes in Nigeria. It is bad enough that businesses are ventured into without the aim of providing value. It is worse because you just want to make a name and money by running a business on vibes and zero value. Think of business as a give-and-take situation. You give value and take their money.
5. Wrong Partnership
A business partner is meant to make the whole bulk of running a business simpler, and fun sometimes.
The problem will be if the partnership is one that doesn’t share the same views, visions, and plan for the business.
There will be disparity and in the long run, failure.
Getting a partner that shares the same views in any partnering entrepreneurship is key.
6. Not Improving Entrepreneurial Skills
An entrepreneur’s personal improvement is the improvement of the business. Don’t stay stagnant, make an effort to increase your standard and skills. You have most likely dodged a bullet if you take this step.
7. Poor Marketing
A business thrives on marketing. People become aware of what you do as an entrepreneur when you market it to them.
Sadly, this is one common mistake every entrepreneur makes. They focus on just one type of marketing strategy instead of being dynamic with it. Draw a marketing plan that targets every kind of customer.
8. Extravagant Office Set-Up
It’s no longer news that the world business is largely remote in this century and time. An extravagant office setup might be needless or not of topmost priority. If a workplace should be set up, it should be invested wisely.
9. Ignoring Customers’ Feedbacks
Feedbacks help to spot mistake and flaws in businesses. It also helps in understanding what the customers need and expect from you. In addition, it builds improvement and ignoring it will definitely wreck the business.
Also, poor customer’s service is a turn-off and a bad look for entrepreneurs
10. Obsessed With Competition
Focus on building the best possible business. If you are great, people will notice and opportunities will appear.Mark Cuban
There is no win in an obsessive competition. It only leaves you worrying and never evaluating your growth. Furthermore, having a competitive spirit has its perks but only when it is healthy. Focus your energy on building your startup and being good at the values you give.
Trial and error might be a failure but, don’t stay there. Try and try again. Make sure you are avoiding common mistakes entrepreneurs make too while at it.
Importation sounds like something that requires a considerable amount of money to start. In recent times, you do not need so much money to start a mini importation business as it is one you can start with 10k or less in Nigeria.
Have you been thinking of starting a small-scale importation business in Nigeria? This is for you and I’ll be your tour guide. I’ll be taking you through the steps and hows. But first…
How Does Mini Importation Business Work?
Importation is a long-standing industry that has a tremendous impact on the lives of people and the economy of the country. Mini importation business is a small-scale business that involves buying goods from abroad (mostly China or other countries) at a wholesale price (mostly in bulk) and selling in Nigeria with your profits added.
These tools are things that you have access to, making it even easier to start up the mini importation business and start cashing out on time. They include:
A smartphone or personal computer
Good internet connection
A valid email address
A valid ATM card (visa or MasterCard)
An easily accessible residential or physical address
A minimum of 10k in your bank account.
How to Start a Small Importation Business
1. Decide on a Niche for Your Products
An importer should first know what they want to import, this is crucial. You can decide to import several things but deciding beforehand builds organization.
Several products can be decided on. You could even do more than one niche with a bulkier capital. This includes; clothes, accessories, gadgets, home appliances, shoes, furniture, etc.
2. Search for Products
If you have decided on the niche you want to delve into, you search for the kind of products you intend to sell. Where?
This is where your smartphone or pc comes in handy, while connected to a good internet connection, you can get access to online retail stores like Amazon, AliExpress, Alibaba, and so on, just make good use of your device in searching. The one who seeks finds.
3. Find a Supplier(s)
This is an essential step as one can easily get duped if connected to a fraudster. Also, making sure your products are quality as to do with the kind of supplier you are dealing with. So, watch.
How do you do this?
There is a section in online stores that shows reviews, ratings, and recommendations, watch this and make the best decision.
4. Buy Your Products
This is also one of the ways to start small importation business in Nigeria. After finding a quality supplier, connect with the supplier and buy your products. How?
The good news is, paying for your products is not as stressful as it used to be. Here is when your ATM card (visa or MasterCard) comes to play. The process is seamless and quite straightforward. Just ensure your bank account is funded with the amount of money you will be needing to get the products so it goes through. Doing this is your sure way of knowing your products will be shipped to you.
Now, you have paid for your goods and you are waiting for them to be shipped to you. How?
There are two ways they can be delivered:
This is a long process that takes 20-30 days to get your goods delivered. You won’t be paying any money to have your goods delivered to you if you choose this.
Premium or Express Shipping
This is a short process that involves using external logistics companies to deliver your goods and it takes 2-3 days. If you are choosing this, you should calculate the cost also with your goods.
The two processes will need your valid and accessible physical address as this is where your goods will be delivered to. You will be contacted to ensure your products gets to where you are.
What Do You Do Next?
Market your goods however you want to. Be tactical and expressive. Show the value of your products and advertise them; you can do this with the internet also. At this point that you are, selling your goods is all that matters as it is what brings the profit.
After the advertisement has been done, sell to customers.
How Do You Advertise Your Products?
Talking about your business does the job of the advertisement but, placing it on the internet aids the speed and number of audience it gets to. Online Stores like Konga and Jumia can be used for this.
Also, sell to your friends and family members and ask that they refer you. Your product should speak for itself.
How Do You Deliver to Your Buyers?
There are reliable courier agents here in Nigeria that deliver fast and carefully. You just need to find one and start selling.
Mini importation business is a sure way of getting profits. It is even done in the comfort of your home and good internet. Being diligent with the processes and business also pays.
I liked being your tour guide on how to start a small importation business in Nigeria, go make profits.
Are you a Nigerian? Do you want a start a business here in Nigeria? You might wonder, “how can I make a business out of this 10k with me?” Oh, or do you even have less? Well, I am here with uplifting news – businesses that you can start with 10k or less in Nigeria. Just read on.
In a country like Nigeria, there are lots of businesses that you can set up with 10k or even less. Here are a few of them:
Businesses You Can Start with 10k or Less in Nigeria
1. Freelance Writing
Do you weave words to make readers feel every word used or do you have a delivery that gets readers hooked? Then here is your complete guide to starting freelance writing. With less than 10k you can start up your writing business either by creating profiles on platforms like Fiverr or Upwork; or pitching to blogs or just creating sharable graphics for the services you offer and let your mutuals know.
2. Hair Making Business
Do you perhaps know how to make hair? This is for you. You could start up a hair business with 10k or even less. You could start making hair for people at the front of your house or your backyard, you don’t need a shop to begin.
3. Plantain Chips Making
If you love plantain as I do, and you’re looking to make a business out of it; making plantain chips is a profitable business you can start with less than 10k. Plantain chips are virtually everywhere; supermarkets, shops, streets, by the roadside, and even traffic hawkers. You could make yours exceptionally well and go to deliver to people that will sell them.
4. Importation of Used Clothes
The mini-importation business is one of the lucrative businesses now in Nigeria. It takes a lot of diligence but no expertise is much needed. It is also one of the many businesses that can be started at the comfort of one’s home.
Every business needs a good outlook and packaging, I’m sure you must have seen the word “thrift wears” or “thrift shop” around. It’s a trending business and it makes a lot of good cash. It takes 10k or less than to start.
5. Recharge Card and Data
Did you know that there are about 188 million mobile subscriptions in Nigeria? That is, 188 million active SIM cards which people buy airtime or data on every day. Don’t you think you can make something out of those numbers? With 10k, you can make a lot of profit from recharge card and data business.
6. Poultry Business
This is one of the most profitable businesses you can start with 10k. The poultry business is a very popular business in Africa and it has a lot of ways to work around it. Although, you need to exercise patience and do a lot of studies to know what works for the kind of birds you’re trying to rare.
7. Food Business
Are you worried about the cost of food items? You don’t have to buy a whole bag of rice to begin to sell rice. You can start small with less than 10k and grow as the profit comes in.
9. Mobile Car Wash
A car wash can be made mobile. It will involve you transporting yourself to the clients’ house and washing their car(s) in the garage or drive-ins.
It’s a business you can start with 10k. All it takes is trust-building to land more jobs though as there is insecurity in the country and potential clients have to be sure they can trust you before inviting you to their garage.
Your personality and communication skill comes to play a lot in this business. Knowing how to make people like you and want to work with you is also key.
10. Home and Office Cleaning Services
This involves the cleaning of homes and offices of clients. It will involve dusting, mopping, washing the rooms and floors of the home or office. There are also ways you could agree with your client, wiping appliances, counter, and washing toilets might be included to increase the cash to be gotten.
The good news is, you don’t need much capital. You only just need transport fare to move around to clients’ locations and relatively affordable cleaning services. This is quite a good business to venture into if you have the flair for cleaning and arranging.