Digital creators can earn handsome earnings by IoT — Checkout How?

It’s estimated that more than 50 million creators are working on IoT and out of them only 4% of the creators are earning a handsome living. That’s not really good for IoT, creators, as well as consumers all over the globe.

Is it fair that creators like 10-year-old Ryan Kaji earn tens of millions of dollars when millions of creators make almost nothing? His branded merchandise made over $250 million last year. It’s no secret that a selected few creators earn a significant amount of money from their creations. But for the majority of creators, earning a living from their work is far from guaranteed.

According to Signalfire, less than 4% of the estimated 50 million creators earn a living from their creations. And even among those who do, the earnings vary greatly. Some creators make a modest living from their work, while others earn an enormous amount.

But no matter how much someone earns from their creations, it’s important to remember that it’s not only creating content digitally but the most important thing is creating creative content. Creators need to be willing to put in the hard work if they want to make big money out of IoT.

MrBeast is one more example among the creators making millions of Dollars every month. His brand new $10 m video studio is making a significant amount of money that is far better than the millions of the rest of creators are making around the globe. MrBeast earned $54 million in 2021 whereas million of the creators are struggling to establish an audience.

It’s very much clear if any creator wants to make a living from IoT, it’s important to be creative and willing to put in the hard as well as smart work.

Joe Rogan has recently made a $100 million deal with Spotify. This is huge money for a single creator out there. If it has been spliced among lesser-known creators, it would have been a good earning for thousands of creators. It’s is important to understand, why is this so much amount spent on one person worth so much?

It would have been great if this big amount was spent on new creators and the creators who are struggling have an option to make a reasonable living exerting minimal efforts and in less time.

Let’s talk about stats

We have unearthed some of the stats that will surely shock the maximum number of digital creators. In 2021, 97.5% of Youtubers earned less than $12700. whereas, only 2.5% were among those who earned more than $12700 per year.

On Gumroad, only 1% of the creators earned 60% of the 2021’s payout. Among this 1%, 10% of the creators earned 92% of the total dividend. In Numbers, out of 56000 creators, 43800 creators made only $10,000 or less amount in a whole year.

Creators upload more than 65000 tracks on daily basis on Spotify. last year, the platform hosted around 9.5 million creators. An amazing fact is that only 7800 creators made more than $100,000 per year in 2021.

Snap Chat, Medium, and even Tok-Tok, all of these platforms have similar stories. let’s talk about one of the famous creators at Tok-Tok, Zach King. Zach King recently shared that he has 66 million-plus followers and 20.4 million views every week only at Tik-Tok and he is making $210 per week from only one platform that is Tik-Tok.

Such social influencers not only make money from a single platform but they extend their existence in multiple platforms on the internet at the same time.

Some of the creators are now shifting towards passive earning via play to earn crypto games. They use their social influence to attract people to use their referral and that helps them to maximize their daily earnings. One of these passive crypto games is coin farm. Which is giving a big amount on daily basis to influencers who have a significant size to bring on with their referrals.

The one big suggestion that can help all creators make millions of dollars online and that can also be good for IoT is creativity, innovation, and thinking way out of the box along with obtaining basic required skills and a bit of hard work. Creators need to spend much of their time thinking about niches, ideas, and approaches. That will really help to maximize the size of the 3% that I disclosed at the start of this article.

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PhD (SALU) MBA & BSBA (Quaid-e-Azam University, Islamabad) ✔Research Writer ✔Digital Content Creator, CEO 👉 Gofrixty.com & www.islamiceducation.pk

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Sanaullah abro

Sanaullah abro

PhD (SALU) MBA & BSBA (Quaid-e-Azam University, Islamabad) ✔Research Writer ✔Digital Content Creator, CEO 👉 Gofrixty.com & www.islamiceducation.pk

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