The “stars” of YouTube are the entrepreneurs of today, they made themselves. You’re wondering how is it possible to get there. These are people who have gained audience by creating content that is geared towards teaching, entertainment, beauty, and anything that can “impress” on the Internet. Most of them do it just to put their creative talent forward, and to share it to a wider audience. Money may not be the main motivation when you create a YouTube channel. However, you will soon be surprised by seeing all the opportunities that exist to earn a very good living.
How many subscribers do you need to make money on YouTube?
The New Media Rockstar’s site estimates that the best YouTubers earn millions, some even tens of millions. Revenues can fluctuate considerably depending on the reach of the chain.
Here are some of their estimates:
• Epic Mealtime earns about $ 3.1 million (7 million subscribers)
• Ray William Johnson stands at $ 4.2 million (10 million subscribers)
• FunToyzCollector weighs $ 30.4 million (9.4 million subscribers)
However, YouTube channels with fewer subscribers can also be monetized. Your earning potential is not determining by the number of subscribers and the number of views you have, but also by the level of engagement you generate, the niche you are aiming at, and the revenue channels you are exploring. This does not mean that the number of subscribers is not a matter, but it is not necessarily the most important statistic. But before understanding how you can make money on YouTube, you will first need to have a clear understanding of your subscribers’ membership.
Understand the demographics of your audience
Building your own audience puts you in excellent conditions to monetize in various ways. If you do not know the proper makeup of your audience you may lead to some problems. For many YouTubers looking to monetize, the more niche your market has, the more you’ll have to work with brands to target specific audiences.
You must pay special attention to:
• kind, the breakdown between men and women to see if your audience leans more than one side or another.
• Age, to know in what slice is your audience.
• Location, countries or cities where your viewers are watching your videos. Some brands may wish to focus on certain parts of the world.
The average viewing time of your videos.
The combination of the above factors gives you more accurate picture of your audience. The data can then be cross-checked, for example, find the number of men in a specific age range.
With these demographic data at your fingertips, you’ll have a better understanding of your own audience and you’ll be able to work more effectively with brands. You can also use Social Blade to compare your own channel with others. Now, with the information you have, we can start talking about the different ways you can actually make money.
How to make money on YouTube?
By being an influencer on Instagram or a blogger with thousands of views, your audience can generate earnings, but it’s creating multiple revenue streams that help you make money.
Fortunately, there are many ways you can make money on YouTube:
• Become a YouTube partner and earn money from ads.
• Make money on YouTube by selling products or merchandise.
• Use crowdfunding for your next project.
• Let your audience support your work with ” crowdfunding of fans “.
• Authorize your content to the media.
• Work with brands as an influencer.