It’s possible [to live off YouTube earnings].— Luke Mckend, Google South Africa
Former PayPal employees Chad Hurley, Steve Chen and Jawed Karim created YouTube in February 2005.
In November 2006 Google bought it for US$1.65 billion.
Individuals upload most of YouTube’s content.
The site earns revenue from Google AdSense, a program which targets ads according to site content and audience.
The vast majority of its videos are free to view, but there are exceptions.
Users upload more than 400 hours of content to YouTube each minute.
They watch a billion hours of content every day.
Alexa Internet ranks YouTube as the second most popular website in the world.
Mckend discussed the famed video-sharing website, it's "stars" and how they make money.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
YouTube makes a lot of money.— Luke Mckend, Google South Africa
You can make money from every single time somebody views your content.— Luke Mckend, Google South Africa
You have quite a lot of control as a content creator.— Luke Mckend, Google South Africa
Each ad earns a relatively small amount of money.— Luke Mckend, Google South Africa
The guys who were super successful reached an international audience.— Luke Mckend, Google South Africa
You get $1000 (R12 800) per million views.— Luke Mckend, Google South Africa
We only charge the advertiser after someone watched 30 seconds of an ad.— Luke Mckend, Google South Africa
Every single new user we get is, by definition, a mobile user.— Luke Mckend, Google South Africa
Watch this video (because SuzelleDIY are needing a new rokkie):
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby THE NEWSROOM
The Money Show’s Bruce Whitfield interviews Ntuthuko Shezi, founder of a company that raises cattle on small investors' behalf.
Zimbabwe shouldn’t be as poor as it is. Bruce Whitfield interviews Michael Hove (Institute of Chartered Accountants of Zimbabwe).
The Money Show’s Bruce Whitfield interviews Water Research Commission CEO Dhesigen Naidoo.
The Money Show’s Bruce Whitfield interviews Outsurance CEO Danie Matthee.
The Money Show’s Bruce Whitfield interviews Cape Town International Convention Centre (CTICC) CEO Julie-May Ellingson.
The Money Show’s Bruce Whitfield interviews Werksmans Attorneys Director Dr Eric Levenstein.
The school has started implementing its short-terms goals, tabled with the help of parents, staff and learners.
Parents are concerned about Felix Sports no returns, no refunds and no exchanges policy.
Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.