How to Make a Living on YouTube?
To start this topic correctly, I suggest first figuring out how much bloggers earn by leading their channels on the world's most popular video content page - YouTube. In fact, quite often they themselves do not even know how much money they will make on this or that video, since it is decided by some factors. It all depends on many factors, such as: video viewing time, number of views, audience demographics, and much more.
How much money do YouTubers make every 1,000 views?
YouTube rewards depend on which countries your videos are viewed from. For US and European traffic, the reward can often be up to $ 5,000 per 1,000,000 views.
How much do YouTubers make per view?
These are, of course, approximate figures; they depend, for example, on how many people clicked on the ad and how many people clicked on the skip button. Other factors also affect revenue: ad quality, video keywords and themes, video length, and even the "ad blockers" used by the audience. Therefore, it is impossible to unambiguously and accurately answer the question "how much youtuber earns per view".
Blogger Griffin Milks, who has almost 80,000 subscribers, explained how much and how he earns on YouTube. He started his channel in 2018. The blogger talks in his videos about investments, finances, and personal experience in the economy.
"If your video is engaging and you get a lot of views, you'll make more money," Milks said. - You can make more money with a longer video, too, because you can put more ads in it."
How much can bloggers earn
According to Griffin, he earns more from financial videos than entertainment videos. YouTube integrates its ads into the videos, which allows him to earn $40 per 1,000 views. But of that $40, YouTube takes away $29. The blogger gets $11 net per 1,000 views.
One of Griffin's videos has almost 9 million views, and he made $8,900 on it.
Other bloggers may have slightly better or worse conditions, depending on their content audience and the number of channel subscribers.
That's how much Griffin earns:
● 114,000 views - $1,900.
● 150,000 views - $2,100.
● 175,000 views - $5,500.
What about other bloggers
Insider interviewed bloggers who make money on YouTube. Blogger Roberto Blake, who posts Photoshop lessons, earns up to $1,500 per 100,000 views. Marco Zlatik, who talks about investing, also earns $1,500 per 100,000 views. But Natalie Barbu, with her fashion channel, earns less - she gets $1,000 for 100,000 views.
Payouts depend on what kind of audience the blogger has and what the advertisers are targeting. It is important to find a niche for which they will be willing to pay, regardless of how many subscribers you have.
Top youtubers and their average monthly earnings
Let's take a look at the top 10 YouTube bloggers that everyone should know or have heard about at least once and find out which of the bottom earns how much. This will be the global top, because we are interested in the maximum potential of YouTube for earning.
10. Logan Paul – $14.5 million
9. PewDiePie – $15.5 million
8. Jacksepticeye – $16 million
7. VanossGaming – $17 million
6. Markiplier – $17.5 million
5. Jeffree Star – $18 million
4. DanTDM – $18.5 million
3. Dude Perfect – $20 Million
2. Jake Paul – $21.5 million
1. Ryan ToysReview – $22 million
Starting in June 2021, Google introduces new taxes.
Tax innovations in the U.S. apply to bloggers regardless of their country of residence. The amount of tax ranges from zero to 30% and depends on a number of factors.
Do the new U.S. tax rules apply to YouTube-bloggers from other countries
Yes, they do. On June 1, 2021, Google will begin withholding taxes from bloggers who monetize content. YouTube bloggers received a letter stating that "Google is required to ask for tax information from YouTube affiliate program participants who receive royalty income from viewers in the United States, and to withhold taxes..."
Such innovations apply to bloggers regardless of their country of residence. The amount of tax ranges from 0% to 30% and depends on the following factors:
● whether the blogger provided the information to the IRS;
● who owns the YouTube channel - an individual blogger or a company;
● how much revenue the viewers in the U.S. brought in.
If the information is not provided on May 31, 2021, all income received by the blogger from YouTube will be taxed at a rate of 24% if the blogger is an individual, and 30% if the channel is registered to a company. In other words, Google will reduce the blogger's income at the expense of taxes, which will be remitted to the U.S. budget.
How taxes are distributed
Let's say one blogger earns $10,000 on YouTube in June 2021. Of that $10,000, only $1,000 came from U.S. content views.
If the blogger doesn't fill in the form, Google will withhold 24% of the tax from all the income for June, i.e. $2400. If that blogger fills in the form, Google will withhold 10% of taxes, i.e. $100 only from his income generated in the USA.
So, tax information should be entered to reduce the burden. On how other $9000s are taxed, a little further.
How to enter tax information
You can provide tax information in your AdSense account settings by selecting "Payments" - "Manage Settings" - "Payment Profile" - "US Tax Information" - "Manage Tax Information".
Here you should fill out Form W-8BEN if the blogger is an individual and Form W-8BEN-E if the feed is registered to a company. When completing the form, the blogger gives the IRS his or her contact information, country of residence, and individual taxpayer identification number (TIN).
If a blogger tells Google that he lives in another country, for example, Russia, the tax will only be applied to income from views in the U.S. In the AdSense account (in the creative studio) you can see how much income every month the views of American users bring.