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When creators are profiled in the media, journalists usually
focus on one of two extremes: celebrity influencers who gain massive followings
on channels like TikTok, and lifestyle creators barely eking out a living.
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New research paints a different picture. Most full-time
content creators fly under the radar, building financially sustaining
businesses and fulfilling careers by appealing to smaller, niche audiences.
They don’t need millions of followers to make money, but
they do need expertise in marketing, sales, finance, and social tech… and, of
course, content creation.
“The Creator Next Door,” published by The Tilt, a service
aimed at helping creator’s professionalize their service, found that most
creators are far from wealthy, but that more than half have a content business
that supports at least one person, and 44% are the primary source of income in
their households.
Full-time content creators who are making money expect to
generate more than $100,000 in revenue in 2022. But there’s a big caveat: That
average accounts for a relatively small number of high flyers who earn
handsomely. The median revenue is half that: $50,000.
Understandably, most of the 1,000 creators surveyed — even
those who say they’re self- supporting — would like to earn more (on average
1.5 times more).
In fact, per this survey, most creators are not primarily
motivated by wealth or celebrity.
“Other factors like independence, flexibility, and enjoyment
are important parts of the compensation equation,” says The Tilt founder Joe
Pulizzi.
This is particularly true for full-time creators. Over 80%
of full-timers say enjoyment, flexible work hours, and independence are top
benefits of the content creator’s life, while just 43% point to “earning more
than at a traditional job.”
“Content businesses are not get-rich-quick schemes for
entrepreneurs, but they are a path to making money on one’s own terms. And a
significant number can’t imagine doing anything else.”
Two-thirds of content creators said the industry is too
dependent on Big Tech like Meta and Google and expressed a desire to try to take
back control of their audiences but just 29% say they know what Web3 means.
Web3 is often touted as a way for creators to take back control from Big Tech
intermediaries and assert independence, but this study shows there’s still much
work to be done on that front.
Nor are all content creators are twentysomethings. Some 40%
of survey takers are Gen X (that is, people currently in their 40s and 50s).
And age plays a big part in the type of content businesses people build.
Creators over the age of 40 are significantly more likely to reap the benefits
of owned channels — like email newsletters, blogging, and event hosting — while
younger creators rely more on social channels.
“It’s not that older content creators don’t use social
media, but they don’t exclusively depend on it,” says Pulizzi. “Being a creator
is only fractionally about producing content. On average, full-time content creators
spend about half their time creating content. The other half is spent on
business issues like content distribution, promotion, marketing, sales, and
administration/operations.”
As one respondent to the survey said: “People think I spend
all my time filming new videos in beautiful places. What they don’t see is the
sales meetings, social engagement, SEO, constant travel, finances… all the
unglamorous parts of publishing great content.”
No matter what people say about low barriers to entry for
creators, it takes time to begin to earn a decent living. The Tilt pegs this at
17 months and says that this time period may be the single biggest stumbling
block to success.
“Do they have enough capital (usually savings, for creators)
to survive the 17-month runway? Remember: It takes over six months for a
full-time creator to make their first dollar, then another 10+ months to be
self-supporting.”
Perhaps the biggest take-away is that wealth is not the only
compensation for content creators: there’s a standard of living they believe
they are achieving outside of the command of a corporate job.
Indeed, just 1% regret their decision to become content
creators. As one survey taker put it: “Freedom from a boss, time constraints,
and location constraints. And freedom to pursue my own wealth (financial,
health, personal) and not someone else’s.”
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