With over 2 billion monthly active users, YouTube offers a massive opportunity for content creators to monetize their talents and make a living doing what they love. But just how much do YouTubers make in 2024?
In this article, I’ll explore the various factors that influence how much money creators can make on YouTube. I’ll break down the main income streams available to YouTubers and provide realistic estimates of what you can expect to earn at different subscriber levels.
You'll learn about the key factors that affect your earning potential, such as video views, engagement rate, niche, and consistency.
Whether you're an aspiring YouTuber just starting out or an established creator looking to optimize your earnings, this article will provide you with valuable information and strategies to help you maximize your income on the platform.
Let's dive into how much YouTubers make at different subscriber levels.
While these figures are impressive, it's important to remember that the average YouTuber makes significantly less.
There are two main ways to make money from YouTube: directly from the platform through ads (being part of the YouTube Partner Program) or outside the platform, through sponsorships and campaigns with companies that recognize your online presence and are willing to pay you to collaborate with them. Let’s explore them in more depth.
The primary source of income is ad revenue through the YouTube Partner Program, which is generated through AdSense on YouTube. When ads are displayed on your videos, you earn a portion of the revenue based on factors like ad views and cost per view (CPV).
To understand how much YouTube pays per view, it's essential to know the difference between CPM (cost per thousand views) and RPM (revenue per thousand views). CPM is the amount advertisers pay for 1,000 ad views, while RPM is the amount you earn per 1,000 video views. The YouTube Partner Program typically pays between $0.01 to $0.03 per ad view, depending on your niche and audience demographics.
Being a YouTuber in the YouTube Partner Program is the first step to monetization.
Beyond ad revenue, there are other ways you can make money as a YouTuber. Sponsorships and brand deals allow you to collaborate with companies and promote their products or services in your videos. To succeed at them, you need to establish how much your content costs in different formats and across all your social media, to be able to negotiate good deals to promote products or services.
It is also important to promote companies that you align with and products or services you know are good and will help your audience out. If you do it just for the money and leave out these ethical considerations, it is very likely that you will lose credibility and, ultimately, followers.
Merchandise sales, such as custom t-shirts or accessories, can also provide a significant income stream. Design products that will appeal to your audience, have fun with the creative process and then sell them to your viewers. It is a great idea because you most likely will have a good amount of people willing to pay for your merch from the get go.
Additionally, channel memberships and Super Chat enable your audience to support you directly through monthly subscriptions or one-time payments during live streams. So, consider broadening your content to include live streams and special, exclusive pieces to take advantage of all the monetization opportunities that YouTube offers.
Affiliate marketing is another option, where you earn commissions by promoting products and including affiliate links in your video descriptions.
When it comes to making money on YouTube, several key factors play a role in determining your earnings.
Let's take a closer look at the earnings of a real mid-size YouTuber with around 100,000 subscribers. Daniel Braun, a personal finance YouTuber, recently shared his income breakdown on his channel.
In 2022, Daniel's YouTube channel earned a gross revenue of approximately $142,000. He estimated that his earnings would be significantly higher by the end of 2023. Daniel's journey from 0 to 100,000 subscribers took about 2.5 years, during which he quit his job to pursue YouTube full-time when he had just over 3,000 subscribers and was making around $1,000 per month.
Daniel's YouTube earnings come primarily from AdSense revenue (60%) and affiliate/sponsorship income (40%). His highest-earning video at the time he posted, with over 300,000 views, generated more than $11,600 in AdSense revenue alone, showcasing the potential for high earnings per video view in the finance niche. On average, Daniel's channel has an RPM (Revenue per 1,000 views) of around $20.
In the summer months of 2023, Daniel's channel reached new milestones, earning between $16,000 and $23,000 per month.
As a YouTuber with 100,000 subscribers, Daniel's experience demonstrates that creators can make a substantial income from the platform. However, it's important to note that earnings can vary greatly depending on factors such as niche, audience engagement, and consistency in producing quality content.
Let's take a look at some of the highest-paid YouTubers and their incredible success stories. Top YouTubers like PewDiePie have built massive followings and diversified their income streams, leading to jaw-dropping earnings. Here are some of the most successful cases with an estimation of how much money they make.
Subscribers: 111 million - Estimated yearly earnings: around $40 million
PewDiePie has built a massive following with his gaming content, comedic skits, and commentary. His success on the platform has led to various other ventures, including merchandise sales and sponsorships, contributing to his impressive yearly earnings.
Subscribers: 309 million - Estimated yearly earnings: around $100 million
Known for his philanthropic stunts and crazy challenges, MrBeast has quickly risen to become one of the most popular and highest-earning YouTubers. His engaging content and charitable acts have helped him grow a huge subscriber base and attract giant brand deals and sponsorships.
Subscribers: 82.5 million - Estimated yearly earnings: around $10 million
The Stokes Twins have gained popularity through their prank videos, challenges, and vlogs. While their subscriber count is lower than some of the other top earners, their engaging content still allows them to generate a substantial income from many sources.
Subscribers: 36.8 million - Estimated yearly earnings: around $30 million
Markiplier has become one of the most beloved gaming YouTubers, known for his humorous gameplay commentary and charitable endeavors. His loyal fanbase and consistent content output have helped him maintain a strong presence on the platform, leading to significant yearly earnings through ads, sponsorships, and merchandise sales.
Now, it's not just about the number of views – successful YouTubers have found ways to maximize their earnings beyond YouTube's ad revenue share. While YouTubers receive a portion of the ad money generated from their videos, YouTube takes a significant cut.
To combat this, savvy creators have built lucrative merchandise lines and secured brand deals to generate even more money. These YouTube stars have mastered the art of engaging content, consistently delivering viral hits that keep viewers coming back for more.
How much money YouTubers make depends on a variety of factors, including subscriber count, video views, niche, and monetization strategies. While top YouTubers earn millions, the reality is that most creators make more modest incomes.
If you're wondering how much money you can make as a YouTuber, it's essential to have realistic expectations. Building a successful channel takes time, dedication, and a lot of hard work. Focus on creating high-quality content consistently and engaging with your audience to grow your subscriber base.
Remember, the amount of money YouTubers earn varies greatly, but with persistence and creativity, you can turn your passion into a profitable venture. Whether you're just starting or looking to take your channel to the next level, keep learning, experimenting, and most importantly, enjoying the process.