Yahoo Finance 4 Ways To Make Money With AI on YouTube
YouTube is one of the most popular platforms for online video content, with over 2 billion monthly active users. Many creators use YouTube to share their passions and entertain their audiences. But it’s also a lucrative avenue for content creators to earn money.
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Creating high-quality videos that people want to watch can be challenging, time-consuming and expensive. That’s where AI comes in.
There’s been a big increase recently in AI tools available for everyone to use online. These tools can help you do tasks more easily and quickly using smart technology. Here’s a look at how YouTube monetization actually works and how you can use AI to help.
YouTube Monetization: How It Works
The primary way to make money on YouTube is through the YouTube Partner Program. Specific criteria must be met before creators are eligible for the program, including reaching 1,000 subscribers and 4,000 watch hours within the past 12 months. But once they qualify, this program allows them to earn a share of ad revenue generated by ads shown on their videos.
Viewers who subscribe to YouTube Premium don’t see the ads on YouTube, so instead their subscription dollars are contributed to a pool of money that’s distributed to creators based on how much time Premium members spend watching their content.
Once your channel has gained some popularity, you can also tap into sponsored content and brand deals, partnering with companies in your niche to promote products or services.
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How AI Can Help You Make Money on YouTube
There are various ways you can use AI to speed up or enhance your money-making opportunities on YouTube. Here are four of them.
Choosing Your Channel’s Focus
AI can be a powerful tool in your belt before you even start making videos. It can help you decide what your YouTube channel should focus on.
Begin by finding out what people are searching for on YouTube — and what videos are popular — using a tool like Google Trends. Based on that information, use ChatGPT to brainstorm what gaps exist in the market. See which of these suggestions sparks your interest, and use this to define your channel’s goals and niche.
AI-Enhanced Content Creation
From there, use ChatGPT to generate specific topics for each video. Once you have a topic, you can leverage ChatGPT again to craft scripts for each video. Start by outlining the key points or structure you want your video to follow. Then, input this outline or a brief description of your video’s topic into ChatGPT, specifying the tone or style you want for the script. ChatGPT will generate a draft that you can refine and customize further to align with your personal voice and content style.
Keep in mind that while ChatGPT can offer creative ideas, it’s essential to review and edit the generated content before using it in your YouTube videos.
ChatGPT is just one example of the many AI tools out there for writing content in this way.
”The most suitable tool for beginners is Cohesive AI,” said Kirill Zolygin, blogger at RushTechHub. “It’s a revolutionary AI tool that can help YouTube beginners to create anything from video scripts to captions and AI-generated voiceover.”
Zolygin also said that, once you have a script, Pictory is one of the best tools for the next step in video creation. “Pictory lets you make a video from your script. Simply upload your text, and the app will compile stock footage from its extensive library of over one million royalty-free videos.”
Editing Your Video
For editing your video, Zolygin recommended using Descript.
“You can shoot the video, upload and transcribe it with this app, and then edit it just by removing the parts of the text, like from a Google Doc. On top of that, Descript’s AI will instantly delete all the ‘ehs’ and ‘ahs’ from your speech. You can also clone your voice and use it to streamline voiceover creation — just paste [the] text, and AI will read it with your voice.”
Content Planning and Trend Prediction
AI analytics tools can help creators identify emerging trends and topics that are likely to gain traction. By following these trends, you can tap into the zeitgeist and attract a larger audience. This in turn can potentially lead to higher ad revenue and partnerships.
Zolygin recommended two tools for creators wanting to make data-driven decisions to improve their content: VidIQ and TubeBuddy.
VidIQ’s AI-driven capabilities include competitor analysis, keyword research, video optimization and comprehensive analytics, allowing content creators to closely monitor their performance.
TubeBuddy, on the other hand, is a free AI tool for managing and optimizing YouTube channels. With competitor analysis and insightful analytics, it allows YouTubers to improve their channel’s performance and reach. The paid version of TubeBuddy costs $3 per month and grants access to even more insights.
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This article originally appeared on GOBankingRates.com: 4 Ways To Make Money With AI on YouTube
