Making Money on YouTube - How to Make $10,000 a Year as a YouTube Partner
Let's do a little thought experiment about what it would take to make $10,000 a year on YouTube:
OK, every calculation has some basic assumptions about numbers, terms, expectations, etc. So let’s start this out by assuming that you know a hell of a lot about something somewhat interesting, that you can bang of bits of knowledge at the rate of three short videos (3 to 5 minutes long) an hour, and that each of your videos will average a little more than one hit a day. Naturally you can tweak these numbers to suit yourself, but that is where I am starting. Oh, and we will also assume that you can earn about $4.00 per thousand visitors in revenue from your traffic on YouTube.
The YouTube Earnings Calculation
Ok, so let's do the math on a full-time effort:
3 videos an hour, times 8 hours a day equals 24 videos a day;
At a little more than a hit a day per video (poor you), you have about 30 hits a day on average from THAT SET of videos.
Repeat this process 5 days a week (we all love weekends off), and 50 weeks out of the year (two week holiday), and you have 30 hits times 5 days times 50 weeks which works out to about 7,500 hits a day on your videos.
Now we guestimated about $4 per thousand visitors in income, so divide the 7,500 by 1000 to get 7.5 and multiply by $4 and you are getting $30.00 a day.
Now, earning don't take a holiday, so you can multiply that by 365 days a year to get an income (on your second year, if you stop making videos) of $10,950.
Ok, you get the $10,000 the second year from the first year of work. But if you keep on making YouTube videos, you are making $20,000 the second year, $30,000 the next, and if you ever stop, well the videos just keep on earning money (for a long time, if not forever).
Adjusting Video Earning Assumptions
Now, our initial assumptions are based on some real numbers that apply (on a much smaller scale) to some work I have already done on and off of YouTube.
I love to extrapolate, hence this hub. But ... I also know that the basic assumptions are not to be trusted, as nothing in this business of making money online is set in stone.
For example, depending on your video content, you may make much more or much less than $4 per thousand visitors. I think an "average" income per thousand being claimed on various YouTube money making tutorial sites is closer to $2.50 per thousand.
One hit per day per video is really quite poor; one good video pulling in 50, 100, or thousands of hits per day can easily blow that average out of the water. You can get far more traffic than that with the right content. You can also do far worse with the wrong content.
I don't think your average hit rate would stay the same if you paid attention to what you were doing and the results thereof. If you simply paid attention to what videos were getting the highest number of hits, you would soon learn where to focus your efforts, and once again blow the low traffic estimate out of the water.
Three videos per hour implies you have an encyclopaedia of coolness or trivia in your head to share. You may make only a video a day, or a video a week, but I assume here that the extra time and effort will be worth it, and that such videos would have a better chance at drawing a large amount of traffic.
YouTube Partners can be RICH
Absolutely, YouTube partners can be rich. Really rich, the way most people envision rich online money makers, or rich in the way that they are paying off their mortgage, and their yearly trips to Disneyland with their YouTube earnings. Whatever you are happy with (or whatever you can manage) will work out if you hit the right stride. Or you may try the whole thing out and fail miserably.
You will never know what you are capable of until you try.
The Challenge ...
The big challenge of course is to build up an impressive enough account that YouTube even considers you for partnership ... you have to apply and be accepted, you can't just start earning right away without proving your mettle.
Once you have been accepted as a partner, they have essentially given you a high-five and a wink to show that they think you have what it takes to earn some bucks.
They are not interested in wasting their time on long-shots. Fight the good fight hard enough to become a partner, and chance are if you keep on fighting, you will get some nice payback.