A full-time YouTuber may have been something you’ve dreamed of doing in your spare time.
According to a YouTube study issued Wednesday, about 394,000 individuals in the United States are working at least 40 hours a week as YouTube producers and generating money.
According to the Bureau of Labor Statistics, more individuals are working as psychologists, librarians, or dentists in the United States.
Even though approximately 400,000 individuals are doing the equivalent of full-time jobs on YouTube, it’s not apparent how many of them are being paid for their labor. These video makers’ earnings aren’t included in new research, which YouTube paid Oxford Economics to produce.
The report is based on surveys of 12,700 YouTube viewers and 1,500 or so content providers, and 500 companies. These films are so time-consuming to make that we don’t know whether they’re worth it. (Money has requested that Alphabet, the firm that owns YouTube, disclose that information and will keep readers up to speed on any developments.)
According to the report, many YouTube producers feel they can earn a career from their videos. About two-thirds of those polled who had more than 50,000 members thought their internet video platform could be a “self-sustaining business.” Even more importantly, 60% of the artists interviewed reported a feeling that “conventional media” did not provide them with the opportunity to generate and profit from their work.
There are several examples of people abandoning their day jobs and earning a living off of the famous video site in recent years. There are also numerous examples of people generating money from their expertise and knowledge on the platform when they otherwise would not have had the opportunity.
It’s easy to see why so many people are going to YouTube in the hopes of converting a pastime into a business or increasing their renown on the platform. According to the Pew Research Center, Facebook is the most popular social networking platform in the United States.
According to the think tank, more than 80 percent of Americans have used the site, which has climbed since 2019 while other platforms have stayed constant.
To be sure, some of the highest-paid YouTube stars like Rhett & Link ($20 million in 2017 according to Forbes) and MrBeast ($24 million in 2020 according to Forbes) make it seem like “making it” is a piece of cake.
According to a study done by a researcher at Offenburg University of Applied Sciences in Germany, only 3% of YouTube channels account for 90% of the site’s traffic. The study’s findings suggest that even the top 3% of YouTube channels generate just $17,000 per year in revenue from platform advertisements.
Although millions of people have tried, it hasn’t stopped them. YouTube and other social media platforms have been used by some students to pay off their student loan debts. YouTube has the potential to make you a lot of money, even if it’s a long shot. However, GADCapital offers $255 loans to help parents cover tuition or enrollment-related.
