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People are more and more creative when it comes to making a living. A recent YouTube report shows that approximately 394,000 people in the United States work at least 40 hours per week as YouTube creators. There are more YouTubers today than there are psychologists, librarians or dentists in the United States, according to data from the United States Bureau of Labor Statistics and according to Money.com.
See: How Much Do YouTubers Make?
Learn: 51 of the Biggest Money Influencers on TikTok and YouTube
While it’s not clear how many of those hours are actually paid for, the study found that creators believe they can make a living from the online video platform. About two-thirds of those polled who had more than 50,000 subscribers thought they could have a “stand-alone business” by posting videos to YouTube. Money.com added that 60% of creators surveyed said they felt they had opportunities that “mainstream media” didn’t offer.
While some creators have found great success using the platform, such as MrBeast which Forbes claimed to have taken in $ 24 million last year, truly ‘getting it’ isn’t as common as you might think. , according to Money.com. According to a recent study from the Offenburg University of Applied Sciences in Germany, only 3% of YouTube channels generate 90% of site traffic, reports Money.com.
However, that hasn’t stopped millions from trying. There are a number of ways there are a number of ways that YouTube creators can make money, such as through ads placed by Google, affiliate marketing, referrals, and even selling merchandise.
Find out: How To Make Money On YouTube: 6 Effective Ways
Explore: How To Make Money On TikTok: 7 Effective Ways
To make money directly from YouTube, Business Insider said creators must have at least 1,000 subscribers and 4,000 viewing hours in the past year. Once this threshold is reached, they can apply to the YouTube Partner Program, allowing creators to monetize their channels through ads, subscriptions, and channel subscriptions.
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Last updated: October 13, 2021