How I Make Money on YouTube

How much Money do Youtubers make?

Top level Youtubers make in the millions of dollars. PewDiePie, Youtube’s biggest channel makes over ten million annually and that number continues to grow. Tens of thousands of others make a comfortable six figure income and are able to support themselves full time via the revenue they earn from there channels via google adsense, product placement, merchandising, and branding themselves into a marketable asset. Needless to say there was a huge incentive to create my own Youtube channel. This is partly because of the potential to earn income from the comfort of my own home but also because it easily coincides with many of my hobbies.

So in 2014 I decided to do an experiment. The goal being to create a channel, create and upload content, and see how much money I could generate. I settled on creating vine video compilations. If your not familiar with vines there short six (6) second videos that play on a loop. People upload them via there smart phones. The idea is based on the adult attention span which research shows lasts approximately six (6) seconds. I chose vines that I found to be funny and organized them based on themes such as funny girlfriend / boyfriend, best funny pranks, etc. This helped me to create a targeted niche which which would help increase traffic to my channel.

Now before anyone jumps to conclusions, I want to mention that I got permission to use the vines I used from there creators or used vines that had creative commons tags in my video compilations. Additionally, I credited all the vines I used in the description of my video and also put a link back to the creators vine homepage. This is important to note as simply taking someones content and using it for financial gain can potentially be a copyright violation. Copyright is a tricky business and is ultimately the reason I discontinued adding content to this channel (more on that later).

How much Money did I Make on YouTube?

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As of writing this post I’ve made over $451 for approximately ten (10) hours of work by creating a Youtube channel, uploading content, and than monetizing the channel with google AdSense. It’s not a staggering sum by any means and the money didn’t come pouring in. But it did come and when you look at the income per hour of work put in it  comes to just over $45/hour. The best part is that the 10 hours of work I put in back in June of 2014 is still earning me money every single day. That’s whats called passive income!

In total I spent about one hour per day Monday through Friday creating a short Vine compilation approximately one (1) minute to two (2) minutes in length and uploading it to my channel. I created ten (10) videos in total over the course of two weeks. After that I left the channel alone for several months and waited to see what happened.

Channel Analytics and Results

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Within the first week some of my videos were getting hundreds of views per day. Within a month my channel as a whole was getting over 5,000 views per day! It was time to monetize my channel and start earning some cash. I went through the process of associating my YouTube channel with google Adsense and selected skippable video ads as my primary ad choice. I started earning money the very next day. Not a lot, but when you see a steady stream of income start rolling in that has the potential to continue paying you indefinitely it’s hard not to get a little excited. My daily earnings went from nickels and dimes to quarters and than dollars. On my best day I earned just over $6 and was earning around $75 per month. I wasn’t raking money in, but I was soon earning enough in passive income that I felt my experiment was a success. Of course it wasn’t long before things took a dive.

Where I Went Wrong

Copyright and technology really are a fickle thing. Even though I carefully took the time to find creative commons videos or get permission from the content creators i soon found one of my videos was getting flagged for copyright. I followed the copyright appeal process, providing evidence in the form of emails from content creators giving me permission and creative commons tags for the content I was using but to no avail. I pursued the appeal process all the way through to the end, even contacting the company or individual who claimed I was in violation of copyright but didn’t get a response. I soon found my channel had received a strike for copyright.

If your not familiar with YouTube and how strikes work, its really pretty simple. If you get three strikes on your account, all of its content gets deleted, wiped, terminated. If you get one strike like me, your channel goes through a probation period of 3 months. As long as you don’t get any additional strikes during this period the strike is removed from your account at the end of the three months. youtube-4

I spent a little time doing some research and came to the conclusion that one of two things likely happened. Someone stole the content from the actual content creator and gave me and other people permission to use the content they stole. Or, the content creator licensed his vines/video/content to a media company who in turn sells other people a sub license to said content. Per contract, these media companies than claim ownership of said content on behalf of the content creator and flag all other pre-existing videos containing the newly acquired and licensed content utilizing YouTube’s Content Id system. This system basically enables people to flag videos containing there content in mass and claim they are violating there copyright. Large media companies basically flag content they have acquired with little regard to agreements made previously with the content creators. It’s a complex business that is exacerbated by the fact that this happens millions of times per day across YouTube and the internet as a whole.

In realizing how complex this process would become to further expand my channel I simply decided to stay hands off as I had already done for several months. I would let the channel continue without intervention. Soon my revenue began to decline as videos were subjected to copyright claims, many of which were probably illegal on the part of the claimant. From talking with other YouTubers I came to the final conclusion that unless its your own original content that you created yourself, it’s not worth the time to walk the gray area that seems to make up a large part of internet copyright law.

As of writing this post the channel still has quite a lot going for it.

  • It has over 3 million views.
  • Over 7,500 subscribers.
  • Earns an average of $5.50 per month
  • Gets shared over 200 times per month
  • Has over 20 comments posted per month

What I plan to do with this Channel

As you can see, this YouTube channel still has a lot of potential. If it weren’t for the copyright issues that I experienced right from the start I probably would have put a lot more work into it. Luckily I weighed the risk versus the reward and decided to hold off. Since than, I’ve made other channels and have gained much more experience and am considering expanding this channel once again. Options include creating my own original content, going through the process of purchasing a legally binding license for content, and finding legitimate creative commons content that won’t be flagged for copyright. There are still loads of possibilities and I will continue to update the blog as this channel progresses.

What do you think I should do? Let me know in the comments section below!

 

 

 

 

 

What are Millennials?

The millennials are taking over! No, I’m not declaring war on other generations, I’m simply stating a fact. According to a recent study by Pew Research, they already make up the largest generation in America’s workforce and have an ever increasing amount of influence as older generations retire and die off. That probably comes across a bit brash, but that’s my bluntness talking no disrespect intended. In fact my sense of respect for my older peers is actually quite extensive.

As someone who has a fond appreciation for the lessons passed down to me by my older coworkers and family members, I find it somewhat disheartening when an individual retires or passes away. The Silent Generation (70-87), baby boomers (51-69), and Generation X (35-50) already have many accomplishments to be proud of. Winning World War II, landing on the moon, and the internet to name just a few. Based on there accomplishments, failures and general life experiences we associate certain characteristics with each generation and use those associations as mental shortcuts when meeting and interacting with people. This helps us process information and communicate more easily based on what generational cohort we expect the person belongs to.

But what do we millennials (19-35) have to offer? How do we measure up to previous generations and how are we perceived by the populous? Sure, I can drop names like Zuckerberg and Facebook, describe ourselves as tech savvy entrepreneurs who have an optimistic outlook on life. But what does this mean for the millennialbrothers website and the experiences, advice, and knowledge we want to share with you?

It stands to reason that if the title of the website is going to include the word “millennial” that we should probably find out exactly what that title encompasses and how that factors into personal development. This is especially true considering that much of the advice my brother and I give is based on the millennial perspective that I keep mentioning. The way we look at personal development in terms of finance, frugality, health and fitness, etc, is all based on the research, experiences, and knowledge gained during a particular time frame and under certain social and economic conditions that help to make up this perspective.

Finally, what is a millennial? According to the aforementioned study by Pew Research, a millennial is a word used to describe individuals between the ages of 19 and 35 (based on the year 2016) or those born between 1981 and 1997. It’s a term used as a means to create a generational identity for individuals in this age cohort that have shared life experiences, and have the tendency to share certain positive and negative characteristics.

For example, many millennials will have a certain perception of what it was like before and after 9-11, the election of our country’s first African American president, and the economic collapse of 2008. Furthermore we are likely to be the most educated generation to date but also are associated with massive college debt. Additionally, we tend to rent rather own and wait longer to start having children. Lastly, we are more open to change, vote more often than previous generations and have an optimistic view on life.

Needless to say, the term millennial is little more than a label and like all of the other generations many people choose not be associated with a form of generational identity. That isn’t to say the phrase isn’t important, especially when you consider how useful it is when trying to relay my perspective to that of your own. Like all generations, we see the same things but with different perspectives. Each perspective has a unique insight into what there researching, learning, and experiencing and each provides there own useful assessment of the knowledge gained. It is with this in mind that my brother and I will provide you with our own youthful and unique, but yet valuable millennial perspective. To that end it is my sincere hope that you will reciprocate, sharing your own thoughts and experiences by lending us your voice in the comments section below!

 

 

 

From the other brother…

 

Josh here,

 Just wanted to chime in and introduce myself as well. Like my brother said, our goal is to share the experiences and combined research we have for the purpose of improving our lives and the lives of our readers.

My goal personally, is to provide people with new ways of thinking about old problems and give them ways to solve those problems. My personal interests involve personal finance, tax strategies, travel, and learning new skills. My ultimate desire is to combine the right amount of skill with the right amount of financial independence so that I can travel through life on my terms doing things that I find enjoyment in and use my actively acquired skills to help the people around me.

Most of the time I’ll be in the process of doing or learning something and give you (the readers) the play by play. Hopefully this will give you a thorough idea of what it takes to learn a specific skill or implement a certain strategy. You’ll also be able to see my F-ups and not (hopefully) make them yourself….you’re welcome in advance. I’d also like to have series of posts that really dig into the meat of a subject and let you see the inner workings of how a strategy takes shape, is implemented, and works out over time. We’ll see how it goes and make changes as needed.

Leave a comment and let us know what you think, or ask a question, and thanks for being here.