So, you’ve got your YouTube channel set up. You’re beginning to run ads on your videos through YouTube’s YPP (YouTube Partner Program). Money from those ads is just starting to trickle in. But you still feel like you could be bringing in more coin. Well, there is another way to earn more bucks.
Have you ever heard of Patreon?
“Patreon is a membership platform that makes it easy for creators to get paid,” according to its creators. For YouTube creators and others, a Patreon account allows them to create a subscription base for anyone who wants to financially support the creators content. Typically, creators have tiers of giving set up. Based on your level of giving, you will be given access to special and exclusive content released by the creator.
Is Patreon that profitable?
Let’s take a look at the number one creator. According to Graphtreon, the highest earning creator on Patreon is Chapo Trap House, raking in a whopping $137,744 per month. That’s a podcast generating over $1.6 million every year.
Assuming you’d like to bring in more money, you could leverage the fanbase you’ve created from YouTube. In order to be approved in the YPP, you’re required to have a subscription following at least 1,000 people. Ideally, if you’re continuing to make content that people like, your subscriber base will continue to grow.
What does Patreon get?
Depending on the plan you sign up for, Patreon will take 5, 8, or 12% of money earned. The Premium Plan also requires a $300 minimum.
But I’m not a YouTube creator!
That’s fine! Patreon is for creators of all stripes and colors. As long as you have something to create that other people want to support, Patreon can help bring in a “predictable, recurring revenue from your creative work.”
Patreon helps enable content creators of all kinds to develop sustainable income. In doubt on how to make the best out of your new account? Head over to Patreon and you’ll get all the help you need to start bringing in the dough.