A lot of us dream of earning money via our social media. Until now I really haven't had a concept of what it would take though. Now there is a calculator that helps you understand what it would take.
Here are a few of the major takeaways according the the website...
To get started making money on YouTube you need to be eligible for monetization through YouTube’s Partner Programme (YPP), which will allow you to earn money through ads on your videos.
To join, you’ll need at least 1,000 subscribers and have racked up more than 4,000 valid public watch hours in the last twelve months.
The average advertiser pays $7.60 for every 1,000 impressions on their ad, but bear in mind that Google keeps 45% of this ad revenue. This means that you can expect to make $4.18 for every 1,000 views.
...we’re assuming that you have a following of around 5,000, at which point you can expect to earn about $350 per sponsored post, but that number can very quickly increase, to around $700 per post once you hit 10,000 followers, while larger accounts with followers into six figures can earn over $4,000 per post.
Like YouTube, TikTok has a partnership program, the TikTok Creator Fund, and to join, you’ll need 10,000 followers and more than 10,000 views in the last 30 days, but as always, the more that you have, the more you can potentially earn!
It’s estimated that users with a notable following can earn between two and three cents per 1,000 views, so it’s clear that to make any serious money here, you’re going to need a viral hit on your hands.