(Last Updated On: February 17, 2020)
The Hacksmith Net Woth – $1.5 Million
The Hacksmith is a YouTube channel created by a Canadian YouTuber named James Hobson. He has an estimated net worth of $1.5 million. He quit his full time job as an engineer and product developer to concentrate on making cool inventions for viewers on YouTube. He takes fictional ideas from movies, video games & comics and make real working prototypes. He shows the engineering process of making different projects to inspire others into STEM fields and to show that anything is possible with science.
Hobson joined YouTube back in 2006 and back then he was using YouTube as a platform to share videos he made with his friends. He graduated with a Bachelor of Engineering from Conestoga College and at around the same time when was he became more active on YouTube.
How Much Money Does The Hacksmith Earn On YouTube?
The channel has over 9 million subscribers as of 2020 and has accumulated over 750 million views so far. It is able to get an average of 400,000 views per day from different sources. This should generate an estimated revenue of around $2,000 per day ($730,000 a year) from the ads that appear on the videos.
YouTubers get paid between $2 – $7 per 1000 monetized views after YouTube takes its cut. Monetized views range from 40% – 60% of the total views. All these are influenced by several factors like device played on, the location of the viewer, ad inventory, how many ads there are on a video, how many people skip the ads, type of advertisement, ad engagement , type of content etc. The cost of an ad view is based on an auction between advertisers based on views. Advertisers have to bid a minimum of $0.01 per view.
There is also a program known as Google Preferred where deep-pocketed companies can target ads on the top 5% most popular content. The ad rates here are higher than normal. Apart from ads, YouTubers also generate extra from YouTube Red viewers who pay a monthly fee to view premium content on YouTube plus watch videos without ads. Here they get paid based on watch time on their videos. The longer the viewers watch their videos, the more money they earn.
TheHacksmith has made more income through his engineering job before he quit plus his other YouTube channels