How To Become a YouTube Millionaire

A video on YouTube. In Business & Money, a Krater category.

Summary by Krater

This video explains how YouTube ad revenue works, why creators in different niches make vastly different amounts per view, and four other ways top YouTubers make money.

From the video

Answers: How much money do YouTubers really make and how do they make it?

YouTube ad revenue
CPM rates by niche
Affiliate marketing
YouTube sponsorships
Patreon and fan crowdfunding
Selling digital products

What it concludes

Ad revenue is not how the richest YouTubers make most of their money.
Ad revenue per view varies drastically by niche due to advertiser demand and audience purchasing power.
Affiliate marketing allows creators to earn commissions on product sales without managing products or customer support.
Sponsorships can provide significant revenue even for smaller channels with highly engaged niche audiences.
Patreon and fan crowdfunding provide reliable recurring monthly income through extra bonus content.
Selling digital products and courses allows creators to scale their YouTube revenue into a full business.

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Titles and thumbnails from YouTube. Krater isn't affiliated with, endorsed by or sponsored by YouTube or Google.