The B1M Net Worth: How Much Money He Makes On YouTube
The B1M Net Worth – $2.8 Million
The B1M is a popular YouTube channel about construction founded by a guy from the United Kingdom named Fred Mills. He has generated an estimated net worth of $2.8 million from the platform. The B1M is described as the world’s largest, most subscribed video channel for construction. Their mission is to fundamentally change the perception of construction and attract more people to work in the industry.
Before YouTube fame, Fred worked with a leading UK contractor. He decided to venture into YouTube and grew it to now employing a team of 17 people from its London HQ.
How Much Money Does The B1M Earn On YouTube?
The channel has over 3.3 million subscribers as of 2024 and has accumulated over 650 million views so far. It is able to get an average of 250,000 views per day (approx 10% of the views are from Shorts) from different sources. This should generate an estimated revenue of $1,800 per day ($650,000 a year) from the ads that appear on the video.
YouTube content creators based in the US, UK, Canada and Australia generally get paid $2 – $12 per 1000 monetized views in most niches after YouTube takes its cut. Monetized views usually range from 40% – 80% of the total views. All these are influenced by several factors like the device played on, time of the year, 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, YouTube content creators also generate extra income from other methods such as YouTube Premium, Superchats & Superstickers, Super Thanks, Channel Membership and Shopping.
YouTube Premium viewers pay a monthly fee to view premium content on YouTube and watch videos without ads. Here, content creators get paid based on watch time on their videos. The longer the viewers watch their videos, the more money they earn.
Super Chat and Super Sticker are used by fans to connect with creators during live streams and premiers. When one buys a Super Chat, their comment is highlighted within the live chat while the Super Stickers get an animated image that surfaces in live chat. Super Thanks lets creators earn revenue from viewers who want to show extra gratitude for their videos. Fans can buy a one-time animation and get to post a distinct, colorful, and customizable comment in the video’s comment section.
Shopping allows eligible creators to connect their stores to YouTube to feature their own products.
YouTube Shorts generate revenue in a different way as compared to traditional videos. The revenue from ads appearing between Shorts will be pooled together then a portion of the total revenue will be allocated to a Creator Pool. Each country has its own Creator Pool. Eligible creators will be paid based on their share of total views. Shorts that use music make less money due to licensing costs.
General Expenses
Content creators incur a wide variety of expenses to create their content. These can include things like production costs, employee salaries, travel expenses, rent, buying new equipment, utilities, amenities, entertainment, subscription fees and other living expenses. One of the biggest expenses for most creators is taxes. Your tax brackets generally depend on your income. In a country like the United States, the highest tax rate is 37%. A combination of all these expenses determines one’s ability to save and invest, consequently how much one’s net worth grows.
Other Sources Of Income
i) Sponsorship
The B1M is able to make extra by working with different companies to advertise their products on their videos. They have promoted brands such as Brilliant, Established Titles, Masterworks, Surfshark and many others.
ii) Other YouTube Channel
In May 2021, Fred launched a new channel alongside The B1M. He named it Tomorrow’s Build. Here he looks at what the trailblazers are doing today. It has over 450,000 subscribers and has accumulated over 60 million views so far.