The Social Media Networks You Can Make The Most Money On

Two of the most popular social media sites on which to make money are YouTube and Twitch. These websites host videos and streams. During live streams on Twitch, people donate to the streamer while they play video games, put on fun makeup, and so much more (via CreditDonkey). Meanwhile, YouTubers get paid for their monetized videos.

According to Intuit MintLife, YouTubers get paid per view from the ads that play before and during their videos. The more ads that are on a video, the more money the content creator will make. Intuit reports that one view on a video generates $.18 on average if the viewer sees every ad in the video. However, the amount one makes from YouTube varies greatly based on the creator's subscriber count and how many views their videos receive.

Many YouTubers have found massive success on the platform, becoming millionaires as their brands explode. This is, in part, also from brand deals, which can make YouTubers more money than ad revenue. Brand deals simply see creators promoting a brand's product or service in exchange for money. According to Shaunpoore, YouTubers negotiate higher payouts from brands as their subscriber and view counts rise, but a good starting fee is $20-$30 for every 1,000 subscribers your channel has.

Worth noting is that Twitch streamers can enable ads on their videos once they become Twitch Partners, too, opening up their revenue streams (pun intended).