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Monetization on YouTube allows creators to earn money from the content they produce. Here are the main ways YouTube monetization works:

1. *Ad Revenue*
**Ads**: Creators can earn money through advertisements that play before, during, or after their videos. These ads are managed through Google AdSense, and the earnings depend on factors like the type of ad, viewer demographics, and the number of clicks or views on the ads.
**CPM (Cost Per Mille)**: This is the amount a creator earns per 1,000 ad impressions. CPM rates vary widely depending on the audience and content niche.

2. *Channel Memberships*
**Subscription Tiers**: Creators with over 30,000 subscribers can offer channel memberships. Viewers pay a monthly fee for exclusive perks like badges, emojis, and members-only content.

3. *Super Chat and Super Stickers*
**Live Stream Features**: During live streams, viewers can pay to have their messages or stickers highlighted in the chat. This feature is available to channels that meet specific eligibility criteria.

4. *YouTube Premium Revenue*
**Ad-Free Viewing**: YouTube Premium subscribers watch videos without ads, but creators still earn a share of the subscription fee based on how much Premium members watch their content.

5. *Merchandise Shelf*
**Product Promotion**: Creators can showcase their merchandise directly on their YouTube channel. This feature is available to eligible channels with over 10,000 subscribers.

6. *Brand Sponsorships and Affiliate Marketing*
**Sponsorships**: Brands may pay creators to promote their products or services in their videos. These deals are usually negotiated outside of YouTube's platform.
**Affiliate Links**: Creators can include affiliate links in their video descriptions, earning a commission on sales generated through those links.

7. *YouTube Shorts Fund*
**Short-Form Content**: To promote YouTube Shorts, the platform has a fund to reward creators of popular short-form videos, even if their channel is not monetized through traditional means.

Requirements for Monetization:
**YouTube Partner Program (YPP)**: To start monetizing, creators must join YPP. The eligibility criteria include:
At least 1,000 subscribers.
4,000 watch hours in the past 12 months, or 10 million views on Shorts in the last 90 days.
Compliance with YouTube's policies and guidelines.
An AdSense account linked to the channel.

YouTube continually updates its monetization policies and features, offering creators various ways to earn based on the type and popularity of their content.