Best methods to make money online in 2023

Some popular methods to make money online in 2023 include: Starting an e-commerce business and selling products or services through a website or online marketplace. Creating and monetising a YouTube channel through advertising, sponsorships, or affiliate marketing. Building and monetising a website or blog through advertising, affiliate marketing, or sponsored content. Offering freelance services such as writing, graphic design, or programming on platforms like Upwork or Fiverr. Investing in stocks, cryptocurrency, or other online investment opportunities. Participating in online surveys or signing up for online focus groups. Creating and selling online courses or e-books.

Photo by Polina Tankilevitch:

It’s important to note that making money online often requires time and effort to build a following or establish yourself as a reputable provider of goods or services. Additionally, it’s essential to research and understands the legal and tax requirements for any online income streams you pursue.

Among all of the above, many folks would love to try the YouTube method. Creating a YouTube channel is a popular way to make money online in 2023. One of the critical advantages of YouTube is its broad reach and large audience. With over 2 billion monthly active users, YouTube has a vast potential audience for your videos. Additionally, YouTube is a cost-effective platform to start with, as you don’t need a significant investment to get started.

Another advantage of creating a YouTube channel is the potential for passive income. Once your videos are up and running, they can continue to generate revenue for you even while you’re not actively working on the channel.

Keep in mind that creating a successful YouTube channel takes time, effort and patience. It’s important to choose a niche you are passionate about and consistently produce high-quality content. Building an engaged community around your channel is also crucial. It will help you reach a wider audience and increase your revenue potential. Here are some steps you can take to get started:

Choose a niche: Pick a topic you are passionate about and has a large audience.

Create a YouTube account: You’ll need a Google account to create a YouTube channel. Once you have one, you can set up your channel by adding a profile picture, banner, and channel description.

Produce content: Plan and film your videos, then edit and upload them to your channel. Be consistent in your posting schedule.

Optimise your videos: Use keywords in your video titles and descriptions to help people find your videos.

Monetise your channel: Once you have at least 1,000 subscribers and 4,000 hours of watch time, you can monetise your channel through ads, sponsorships, and affiliate marketing.

Promote your channel: Share your videos on social media and other platforms to reach a wider audience.

Engage with your viewers: Respond to comments and messages to build a community around your channel.

Remember, building a successful YouTube channel takes time and effort. It’s important to be patient and consistent in your efforts.

To create YouTube videos, you will need a few basic pieces of equipment:

Camera: You can use a smartphone camera, a mirrorless camera, or a DSLR camera to record your videos. Choosing a camera that can record high-definition (HD) video is essential.

Audio: The built-in microphone on most cameras is not always the best option for recording audio, so you may consider purchasing an external microphone, such as a lavalier or a directional microphone.

Lighting: Good lighting is crucial for creating high-quality videos. You can use natural light or invest in some affordable lighting equipment such as softbox lights or ring lights.

Tripod: A tripod will help keep your camera steady and prevent shaky footage.

Video editing software: Once you’ve recorded your videos, you’ll need to edit them. Many different video editing software options are available, both free and paid. Some popular options include Adobe Premiere Pro, Final Cut Pro and iMovie.

Computer: A computer is needed to run the video editing software and upload videos to YouTube.

Those are the basic equipment you will need to get started. Still, as you gain more experience and your channel grows, you may want to invest in additional equipment, like a green screen, slider or stabiliser, to enhance your production value.

Remember that quality is important, but you don’t have to have the most expensive equipment to make great videos. With time and practice, you can learn how to make the most of what you have.

Talking niches, many different niches are popular on YouTube. Some of the most popular niches include:

Vlogging: Personal videos that document your daily life and experiences.

Gaming: Videos about playing and reviewing video games, walkthroughs, and tips and tricks.

Beauty and Fashion: Videos about makeup, hair, and fashion tips and tutorials.

Food: Videos about cooking, recipes, and food reviews.

DIY and Home Improvement: Videos about home projects, decorating, and organising.

Fitness and Health: Videos about workouts, nutrition, and healthy living.

Travel: Videos about travelling to different destinations and documenting your experiences.

Comedy and Entertainment: Videos that make people laugh, parody, and other forms of entertainment.

Technology and Gadgets: Videos about smartphones, laptops, and other technology products.

Education and How-to: Videos that teach skills and provide information on various topics.

It’s important to note that many other niches can be successful on YouTube, so choosing a niche that you are passionate about and that you think has a large audience is crucial. Also, some niches may be more profitable than others, depending on the available monetisation options, audience behaviour and many other factors.

How much money can you make per month using the Youtube method? The amount of money you can make on YouTube can vary greatly, depending on several factors, such as the size of your audience, the monetisation methods you use, and the niche you are in. Some YouTubers can make a full-time income from the platform, while others make only a tiny amount.

On average, most YouTubers make between $1 to $5 per 1000 views on their videos. However, this can vary depending on the monetisation methods you use. For example, you can earn money through sponsorships, affiliate marketing, and merchandise sales.

To give you a rough estimate, if you have a channel with 100,000 views per month, you can expect to make between $100 to $500 per month. However, your earning potential will increase as your channel grows and you gain more subscribers and views.

It’s important to note that building a successful YouTube channel takes time, effort, and patience. It’s not guaranteed that you will make money from it. Still, you can potentially turn it into a profitable venture with the right strategy and content.