“25 EMPLOYEES?! You have less than 3M subscribers, what on earth are you thinking?!” That’s one of the top comments on the “Goodbye, YouTube” video from Watcher, the channel of ex-BuzzFeed employees who launched a streaming site. The problem? They grew too fast…and launched a streaming site that costs $5.99/month which nobody really asked for. Especially since Netflix starts at only a dollar more. Look, I get it. High production has high costs. We’ve spent $15K just to make a single video recently. And relying on sponsors is stressful. But the key to success on YouTube is staying nimble, keeping costs low, and finding other revenue sources. That’s why creators like Matt D'Avella and Ryan Trahan downsized their teams...and now are seeing outsized results. Or Jay Clouse who recently launched digital products like his CreatorHQ template. We rely on consulting and courses to help cover our costs beyond sponsorships. For more, subscribe to our newsletter below 👇
I think it totally depends on the Creator. I worked as part of a team of 10 on a channel with 500k subs and we were financially successful and needed every single one of us to run the channel.
Love your guys’ newsletter!
Well said 👏
Yeah I see start-ups have similar issues that growing too fast while monetization strategies didn't catch-up yet.
Interesting to see the shift in our industry. Building a company beyond ads has been my success.
Well said 💜
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My free resources platform outgrew my revenue and I am working on getting extra-nimble. Ouch.
Agreed, diversified revenue streams are so important to create sustainable creator businesses!
COO, Youshaei Studios | Building a Creator Media & Consulting Business
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