Sometime in the past decade, the idea of making a viral video and becoming rich from it began to feel like a bona fide career path.
The examples of viral video stars who turned into household names are starting to add up: Justin Bieber was discovered by record executives after posting homemade videos of himself singing on the video sharing site YouTube. Actor Lucas Cruikshank, 19, gained fame after his viral videos of the character Fred Figglehorn gained popularity among the younger set, catapulting him to regular spots in TV movies and sitcoms on the network Nickelodeon. Annoying Orange was just one video on YouTube until its popularity convinced creator Dane Boedigheimer to make more; now, it's not just a Web series but a TV series on the Cartoon Network and a video game.
Meanwhile, at least one university (Northwestern) has offered a course on viral videos. But making one isn't as easy as filming a cat playing the piano. According to YouTube.com, 100 hours of video are uploaded to the site every minute. That means that while everyone wants a video to go viral, an infinitesimal number actually do.
"Having been in digital advertising my full career, clients often come to us and say they want their video to go viral. Trouble is, there isn't a secret formula to it," says Robb Hecht, an adjunct marketing professor at Baruch College in New York City. "An agency or an average user can do everything in their power to make a video go viral, but it's the cultural zeitgeist of the time that establishes its uptake and its being pushed around for all as a must-see."
[Read: 3 Steps to Reinventing Your Career.]
Still, if you're considering the idea of creating a viral video and trying to make money from it, here's what you need to know.
Your equipment needn't be expensive. All you need is a video camera (even if it's installed on your cell phone), something to shoot and a way to upload it to the Internet. Given the odds against a video going viral and being seen by millions of people around the world, spending a ridiculous amount of money to make a viral video would be ridiculous.
But if you have some money to spend on production, spend it on lights and microphones, suggests Jay Miletsky, CEO of New York City-based Sequel Media Group, which publishes a variety of online video and editorial content. "You can have the best camera in the world, but if the lighting and audio is off, your video will suffer greatly," Miletsky says, adding that there's no shame in shooting your viral video on the cheap. "I'm a big fan of doing things on a shoestring budget."
Make your video for fun, not money. You'll make your money through the website hosting your video (usually YouTube, but not always), and through revenue generated from Google's AdSense. Both YouTube and Google are notoriously secretive about the details of how their profit-sharing works with video producers, but Mike Vogel, video producer, app creator and writer offers this insight on his blog.
He mentions how one of his videos received 34,394 views and earned $17.06, which comes out to .0004 cents per person viewing the video. Another video received 75,000 views, and he actually earned less – $10.58. And for a 3-second video that received 654,341 views, he made $35.84.
Of course, that's just one person's experience, and one commenter on Vogel's blog speculates that if the three-second video had been longer, his earnings may have been slightly higher.
But $10.58 here and $35.84 there can add up. You may not become rich, but you might be able to supplement your income. Kyle Kron, who is majoring in sports management at Miami University in Oxford, Ohio, has pulled in $3,000 since he began shooting videos about two years ago, most of them with a college theme, primarily involving Miami University sports. He has shot around 60 videos (11 are now hidden; 49 are posted on YouTube).
The way he is going, Kron will never live off his video income when he graduates, but he is OK with that. "While some people can make a living off of making YouTube videos, people like me enjoy a monthly check for something we love doing," he says.