Patreon has become one of the go-to platforms for creators who want to monetize their YouTube videos. When you use Patreon, the people who love what you do get the opportunity to pay you for it.
You work hard on your YouTube channel, and your videos matter a lot to your subscribers. You might be surprised by how many of them are willing to express their appreciation through donations.
How Patreon Works
There are a few different ways to get paid for YouTube videos, and most of them are based on advertising. You allow ads to run in your videos, or you create branded content for a company. Patreon is different.
You do not have to try to sell anything to your audience to make money with Patreon. You just make an account, and then anybody who wants to help you support yourself through your creative endeavors can choose to donate. Here’s how it works:
You create a Patreon account, and then your biggest fans sign up for monthly subscriptions.
The minimum that patrons can choose to pay per month is $1.
Getting paid monthly is the preferred option for most creators on Patreon, but you can also choose to be paid per post. Then, the number of subscribers commit to paying you is for the creation of individual pieces of content. Patrons may then choose to set a monthly limit to their donations, in case you post more often than they expected.
Patreon takes a 5% fee from all of your payments.
There are also processing and payout fees, which vary depending on how you like to be paid and how much your patrons have pledged. These fees are generally low, and they come out of the money you earn on the platform.
Once you have built a reliable following, there is no reason not to sign up for Patreon.
Rewarding Your Patrons
Providing rewards to your patrons is a good way to incentivize your audience to donate, but it is also more than that. Your patrons on Patreon have chosen to pay you to do what you love, just because they love it too. They deserve a ‘thank you.’
You can reward your patrons with things like Google hangout sessions, shout outs, their names in the credits of your videos, handwritten thank you notes, special downloads, or anything that you think would appeal to people who are fans of you. People enjoy rewards that are personal.
You can set up different levels of rewards for patrons who choose to donate different amounts per month.
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Shanoon Cox is a writer and a lover of all things video.
Follow @Shanoon Cox
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