Make Money on Youtube
Why YouTube Video Creators Are Making a Lot of Money
Yesterday, YouTube revealed a selection of shiny the latest features for the site's creators and consumers, the introduction of higher-quality video, the capability for fans to submit translated subtitles for videos plus an app which allows creators to trace their videos' metrics in real time.
The most enjoyable reveal, however, was you can actually announcement that it'll be entering the crowdfunding |
arena. Soon viewers should be able to 'tip' YouTube channel creators, an exchange that may happen "at at any time, without any reason," the corporation wrote.
"To use it really simply, any viewer can display any creator their love by tipping them any amount between $1 and $500," YouTube CEO Susan Wojcicki said at VidCon yesterday.
"To use it really simply, any viewer can display any creator their love by tipping them any amount between $1 and $500," YouTube CEO Susan Wojcicki said at VidCon yesterday.
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The move positions YouTube just as one Kickstarter and Indiegogo competitor, although form-wise, its 'tip' system mirrors the San-Francisco-based crowdfunding platform Patreon, which got $15 million in series A funding. Unlike both Kickstarter and Indiegogo, which raise money to finance large projects, Patreon calls on backers to commit a tiny bit of cash every time an artist releases something totally new (from your song, in an article, into a video short).
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While fan funding hasn't officially launched yet (it’s increasingly being tested by the handpicked number of creators), the feature provides the potential to drum up a large amount of money with the very indie musicians whose labels are becoming bullied by YouTube.
The video-streaming service has allegedly been strong- |
arming indie record labels since it works to make a paid, advertising-free version of the service to tackle subscription streaming services for instance Spotify and Rdio. By threatening to bar indie labels' videos until they consent to "unfavorable terms" (including an alleged clause, which stipulates that if the business strikes a reduced deal with one label, it could retroactively reduce rates for all those other labels) YouTube it's essentially doing to musicians what Amazon, to use ongoing struggle with Hachette, has been doing to authors.
It's unclear if YouTube is going to take a cut in the 'tips' donated to creators on the webpage. Currently, both Kickstarter and Patreon take 5 percent from the funds collected on the platforms.
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