YouTube may be somewhere you go to watch videos of cats or babies laughing (just me?), but it’s a serious business, and there are people making serious money online with their uploaded videos.
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It might sound like a crazy idea but there are people out there making millions out of YouTube videos! Cold hard cash every time your uploaded video gets viewed.
A bit of research shows that YouTube Partners can earn $5 per thousand views. That could be up to and beyond $1,000,000 per year for the channels with lots of views!
Although YouTube does not allow its partners to publicly disclose any revenue made, OpenSlate, a video analytics platform, has been able to analyse ad-supported content and earnings.
Fancy finding out how to make a million pounds? Then read on!
How the big bucks are being made on YouTube
Unboxing.
Yes, you heard me correctly – unboxing!
It’s the simple task of opening a box while being filmed and talking about it. Easy hey?
Well, one woman has turned unboxing toys into a multi-million pound profit maker!
I find this quite funny as Chloe loves watching unboxing videos and I never thought anything of it. She loves the lady, with fancy nail varnish, playing with Play-Doh and Peppa Pig and it’s just this woman (who is anonymous) who is making a huge income.
DC Toys Collector (who used to be know as the Disney Collector) was estimated to earn $4,860,207.60 last year!!
On last checking she has 3,486,665 subscribers and the last video uploaded four days ago has already had over one million views!
Her most watched video is her showing sparkly Play Doh with Disney princesses which has had over 178 million views! But, it’s just Play Doh?!
Other big winners in YouTube
Taylor Swift
Monthly Estimated Earnings: $342.565.71
Estimated Annual Earnings: $4,110,788.52
PewDiePie
Monthly Estimated Earnings: $333,210.86
Estimated Annual Earnings: $3,998,530.32
LittleBabyBum
They are kids videos, nothing too weird!
Estimated Annual Earnings: $3,462,340.80
Monthly Estimated Earnings: $288,528.40
Get Movies
Estimated Annual Earnings: $2,712,715.32
Monthly Estimated Earnings: $226,059.61
MOVIECLIPS Trailers
Estimated Annual Earnings: $2,746,876.80
Monthly Estimated Earnings: $228,906.40
Spinnin’ Records
Estimated Annual Earnings: $2,516,189.52
Monthly Estimated Earnings: $209,682.46
WWE Fan Nation
Estimated Annual Earnings: $2,350,169.28
Monthly Estimated Earnings:$195,847.44
How can you make money on YouTube?
To be honest, you’ll probably not make millions at all – but very well done if you do!
Firstly, you need to sign up for a YouTube account. Once that’s done you can start creating and uploading content to the platform.
A top tip is to make sure you have keywords in the title and description to match the videos you are going to make so people can find your channel and videos easily.
When you start getting views, apply to YouTube to start adding adverts to your videos and make some money.
As well as applying to become a YouTube Partner you will also need to apply to Google Adsense so you can then earn the money that is generated from the ads.
Your videos must not breach any copyright otherwise you won’t be able to make money. Your videos can’t have any sound recordings, live performances, background music or images, logos, software, video game footage that are copyrighted. YouTube will check and will not let you make money from them.
Is it worth it?
Although it’s a great dream that YouTube may make you millions, the odds are slightly against you.
If you enjoy doing it as a hobby then carry on, and you may start to make some cash from it.
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Are you a YouTuber? Or are you tempted to turn your time to YouTube to make some money? Let me know in the comments below.
Image: Flickr
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Robert Connor says
Just amazing the money to be made on youtube!
Helen says
My son wants to become a you tuber but it seems so complicated. You have a lot of good information but the copyrighted information is a little muddy (not clear). He wants to post videos of himself playing video games. Can you point us to where we can learn about that? Thanks!!
Ricky Willis says
From what I can work out, he can simply play videos and upload them but he won’t be able to monetise them as the content would be copyrighted to the publisher. YouTube are strict on the rules for monetisation and will pull any ads/videos if they breach the terms.
But all is not lost! There are two things he could do:
1) he would need to get permission from each of the game’s publishers. So, it could be best to stick to smaller companies who he could help promote the game or help find glitches.
2) to fully stick to YouTube T&C, he would need to talk over the entire video, giving step-by-step commentary.
You can find their T&C for this here: https://support.google.com/youtube/answer/138161?hl=en
It’s certainly not something to rule out as you can make a fair bit of money from the video ads if he gets a good following. There is A LOT of competition so he would need to do something a bit different to get a buzz going.
The best of luck to him.
Alex Walsh says
Nintendo are one of the only game publishers that refuse to allow their content to be monetised, anything else *should* be okay.
You only have to look at guys like Dan TDM (The Diamond Minecraft) to see how well Minecraft videos can be monetised- Dan’s made millions off his 7.5bn views!
Ricky Willis says
Thanks Jade. Good luck with YouTube, there is certainly lots of scope to earn :)
CrazyJoggingGymLady says
I’ve been making videos on YouTube for just over a year and I am far from making millions lol. But I am slowly gaining followers, so who knows ;). My most popular video so far is one my daughter made of her guinea pigs, she made silly voices so that it looked like they were talking to each other.