Yes, it is very possible to make money off popular video platform, YouTubers and this article will reveal the top 10 Richest Youtubers of December, 2020 in Nigeria and how they make their money.
Although it may seem like one of those passing trends, YouTube isn’t going anywhere. At least, not any time soon.
Humans have evolved to learn visually now more than ever before. In fact, YouTube gets an outstanding 5 billion video watches per day. With that kind of volume, serious YouTubers would have to be crazy to not try and make money from their passion.
So, how much money can you actually make as a YouTuber?
The first thing you need to know is that the competition on the platform is fierce as there are 500 hours of video uploaded every minute.
The next thing you’ll learn is that making money on YouTube isn’t a piece of cake. There are generally 2 ways to do it:
CPM (cost per thousand views)
CPC (cost per click)
Each of these ways require you to join the YouTube Partner Program first, which isn’t easy either, at least for a beginner. The program requires you to have 4,000 watch hours in the past 12 months AND 1,000 subscribers. That’s only to be eligible. Once you apply, YouTube will closely scan your account to see if you’re a good fit.
If you get into the program, you can then start making money.
If the advertisement is CPM (cost per 1000 views), it means the viewer must watch the entire advertisement before you make any money from it. If you think about your own YouTube watching habits, I highly doubt you sit through the entirety of advertisements, especially if you have the option to skip.
If the advertisement is CPC (cost per click), then you get paid depending on how many users click the ads surrounding your video.
The actual rate advertisers pay ranges between $1 to $10 per 1000 views (depending on many factors such as the size and quality of your channel, and the topic of your videos), but averages out at around $2-$5 per view for most channels.
But hey, the money is not all yours as Google actually takes a big chunk of that amount. They take 45% of the amount you make.
Below are the top 10 Richest Nigerian Youtubers of December 2020.
Mark Angel Comedy
Subscribers : 7.03 Million+ Views: 1.5 Billion
Subscribers: 432K+ Views: 43 Million+
Subscribers: 368K+ Views: 25 million+
Subscribers 413K+ Views: 47 Million+
A few things to note are; the list does not include Artistes and musicians, it only covers Nigerian youtubers living in Nigeria. Secondly, YouTube does not pay a fixed amount of money per view. Two videos can have a million views each and earn different amounts of money. Lastly, these estimations do no consider the amounts these youtubers make from brand sponsorships.