It’s hard. Really hard. Unless you can get right to the top of the pile, it’s going to be incredibly difficult to live from social media video views. At least that’s the viewpoint of Gaby Dunn in a sobering article on the business of vlogging:
I’m 27 years old and have been building an online following for 10 years, beginning with a popular Livejournal I wrote in high school. A couple of years ago, after moving to Los Angeles, I made the transition from freelance writing to creating online video. The channel I have with my best friend Allison Raskin, Just Between Us, has more than half a million subscribers and a hungry fan base. We’re a two-person video creation machine. When we’re not producing and starring in a comedy sketch and advice show, we’re writing the episodes, dealing with business contracts and deals, and running our company Gallison, LLC, which we registered officially about a month ago.\
And yet, despite this success, we’re just barely scraping by. Allison and I make money from ads that play before our videos, freelance writing and acting gigs, and brand deals on YouTube and Instagram. But it’s not enough to live, and its influx is unpredictable. Our channel exists in that YouTube no-man’s-land: Brands think we’re too small to sponsor, but fans think we’re too big for donations.