As we all know that YouTube is an online video-sharing platform. It is available in almost all the countries of the world. Registered parties can make and upload content on this site. People who are part of the platform will be able to watch these content videos as viewers or audiences. YouTube was founded on February 14, 2005, in San Mateo, California, United States. One of the reports claimed that almost 2.6 billion people use YouTube at least once a month. from every age group use YouTube nowadays for entertainment and education.
Can you earn from YouTube?
But the question is, can YouTube be a source of income? How much can someone earn from YouTube? And questions like how much YouTube pays? A simple answer to these questions is YES. You can or anyone around the world can earn from YouTube but it has some stages. These stages are very time taking. One needs to be patient with YouTube videos to get views. YouTube can be a source of earnings if you have a good audience for the videos that you are uploading. YouTube is a fantastic platform to show your credibility. Anyone can make a channel on YouTube. Your channel can be showcasing entertainment, vlogs, education-related videos, songs, and cooking videos. YouTube pays the content creators on any form of entertainment or information.
How many views are required to start earning?
To earn from YouTube, you need at least 4000 watch hours in the past year and at least 1000 subscribers on your channel. After achieving this milestone, you can request YouTube for monetizing your page. And if the channel is accepted, you can earn money from the views on your videos. For uploading videos, YouTube has some privacy concerns; no one can use each other’s content. As it would have a copyright claim. Whoever is uploading videos on YouTube can add credits to the real owner of the video to avoid copyright.
YouTube Royalties:
There is another concept of royalty payments in YouTube. Royalties are the payments made to the rights holders. The rights holders are the songwriters, composers of the songs or videos, recording artists, and the other people or the company or recording label involved in the releasing of that video or the music video to be exact. We often see ads whenever we open YouTube. These ads fall into these royalties categories. These ads have 45-55% shareholdings between YouTube and the person uploading it. YouTube keeps 45% of the profit and the rest of the 55% belongs to the person who uploads the video or to the artist.
There are two ways that you can get your royalties:
- By the master recording: The actual audio file of your song can get you royalties, and,
- By the composition: The underlying music or the lyrics in the videos also gets you royalties.
Most record labels and distributors only get royalty payments. That too is for the master recording and not for the composition. For the composition royalties, you need someone to monetize your composition. And later, get paid on your behalf. Visit the official You Tube help platform to learn more about Youtube royalties
How much YouTube pays per stream?
Well, it is not any different than that of Spotify (as I have mentioned the Spotify payment in one of my earlier works). Each stream does get you money but the amount is very low. YouTube pays 0.001$ – 0.003$ per stream or watches time of your video. And this payment is also affected by the fact that someone has watched the full video or left it in between. So in this case, YouTube pays 0.10-0.04$ when there are 1000 views on the video.
Methods for payment by YouTube:
Every platform has its own privacy policy. And following that they have their payment policies too. There are several methods you can request YouTube to pay once it is monetized. You can get your payment in the form of:
- Checks
- Electronic Fund Transfers (EFT)
- EFT via Single Euro Payments Area (SEPA)
- Wire transfer
- The best-considered payment method is the Adsense Payment method. It is not a new method yet new content creators struggle to make an Adsense account to this date. Although YouTube provides the information for making an account. But there still can be confusion for the new users. In this type of payment method, you can get the payment directly into your bank account. Google sends all your earnings in US Dollars or in Euros. It depends on the currency you’re linking your account with.
Conclusion:
YouTube is no doubt a very useful platform to showcase your abilities and yes it helps you to grow more. But, it can be time taking and the user needs to be very patient during the process. When you have a strong subscription base you can use this platform for proper earning. Despite this, anything does not make YouTube any less important in our lives!
