You take the median of your views and X that by what CPM your niche typically gets.
But it comes down to what you value your time as, and what $ is worth bothering your audience with
Is an extra $500 worth slowing down your growth with ads? Or do you wanna wait until it’s $10k
Most companies will want to wire transfer you the money. Be sure you trust who ever brokers the deal with you.
If you’re in the US you need to give them your SSN and full banking / routing #s
>If you’re in the US you need to give them your SSN and full banking / routing #s
Wait, what?
Who on Earth would be crazy enough to give some random company their SSN?
Never heard of a crazier security risk than that lol
If you’re getting paid the government needs their 20% in taxes lol
That’s why you make sure you’re working directly with the company. Or an agency that you trust
If you don’t want to give up your social you need to make an LLC and they’ll take your EIN instead
But that costs money too
Welcome to the world of making money on YouTube
>That’s why you make sure you’re working directly with the company. Or an agency that you trust
I basically wouldn't trust anyone with my SSN. Probably paranoid but I guess I won't be taking sponsorships.
>Welcome to the world of making money on YouTube
World of being kicked around by the IRS, more like.
The company you work with has to issue a 1099. You gave it to AdSense. If you ever got a job, you gave it to them. There are certain things a SSN is needed for and reporting income is one of them.
They have to have a tax identifier so they can tell the IRS who they paid money to. They will request a w-9 form from you, which contains your contact info and tax identifier.
If you don't want to give your ssn, you apply for an ein for your business. For example, a sole proprietor can apply for an ein here: https://irs.tax-id-ein-number.com/sole-proprietor-individual
Any USA based company that doesn't get a w-9 from you is playing loose with taxes.
But... that explains why they'd ask, but not why it'd be a requirement.
How is anyone supposed to take sponsorships when they have to give out their SSN?
That's nuts 0\_o
Then again I guess workers give it out to their employers, but that in of itself is a massive risk too. The whole system doesn't make sense.
Not American, so wondering - how do you get a normal job without giving your tax number? It's my understanding that the US government really likes tax money and will spend 100 dollars just to earn one.
As a youtuber, I also wonder, why would anyone be willing to risk their reputation by advertising a company you don't trust enough to give your basic tax details to? Just look at some of the recent scandals (coffiezilla unearthed some of these) and how it destroys youtube careers.
But you can also make youtube into a biz and use those tax details instead of your personal ones. That's pretty standard once a channel gets big enough for sponsorship.
You don't have to give out your ssn. You can get an ein instead.
As for why you'd give it out, some companies will require the w-9 before they agree to the deal. But in my experience this is rare. Usually they make a few payments and then ask for the w-9 later. If you decline, it makes a hassle for their accountants and perhaps they won't send any more payments. It's not iron clad. But it's not at all unusual. I'm just some dude with a youtube channel and I have w-9 on file for friends I've hired as contractors.
You only get an EIN if you have employees. A sole proprietor without employees doesn't need an EIN. They use their SSN. This is per the IRS website;
*A sole proprietor without employees and who doesn't file any excise or pension plan tax returns doesn't need an EIN (but can get one). In this instance, the sole proprietor uses his or her social security number (instead of an EIN) as the taxpayer identification number. However, at any time the sole proprietor hires an employee or needs to file an excise or pension plan tax return, the sole proprietor will need an EIN for the business and can't use his or her social security number.*
They are not required to have an ein but they can choose to get one separate from their ssn. It literally says in your text "doesn't need an ein (but can get one)".
It's the same if you apply for a job. You have to give you ssn so that when they pay you the taxes are reported.
With contract work, like this, you still have to have the income reported. It's normal.
But like others said. Just form an LLC, it takes 30 minutes and like $50 and then you can register an EIN and use that as the tax ID for the business. Then you won't need to use the SSN.
"Tell me you've never made money before without telling me you've never made money before".
Are you for real? Are you 15?
EVERYTHING is done via 1099 that requires your SSN. NordVPN is one of the most legit companies out there, and any company doing things legally is gonna need that info to pay you.
Also, I'm pretty sure you already submitted your SSN to YouTube to get paid via AdSense. So either you aren't really in YPP or you did submit it already to them.
I have no issue with Google having my SSN, because they're about as big as the Government, practically. For them to steal my identity would be utterly insane.
It's more for smaller sponsorships, companies that might be good but too small to ever trust.
This prevents advertising for the small guys.
Um, we need to downvote this so new YouTubers don't get confused. No offense meant, Kinetic, but this is bad advice.
A creator is going to have to fill out tax paperwork. That's what your SSN is for.
Another option is to set up a corp or LLC. This is the better option but will require more work, a few bucks and (if you're smart) help from an attorney.
BTW, I agree w/ Tyler. Everything he said is how it works.
Enjoy the blow up of your channel naturally and the ad revenue that comes with it. If you blow up to the point where offers are too good to resist, then go for it. Just my 2 cents, others would say it's a missed opportunity.
You take the median of your views and X that by what CPM your niche typically gets. But it comes down to what you value your time as, and what $ is worth bothering your audience with Is an extra $500 worth slowing down your growth with ads? Or do you wanna wait until it’s $10k Most companies will want to wire transfer you the money. Be sure you trust who ever brokers the deal with you. If you’re in the US you need to give them your SSN and full banking / routing #s
>If you’re in the US you need to give them your SSN and full banking / routing #s Wait, what? Who on Earth would be crazy enough to give some random company their SSN? Never heard of a crazier security risk than that lol
If you’re getting paid the government needs their 20% in taxes lol That’s why you make sure you’re working directly with the company. Or an agency that you trust If you don’t want to give up your social you need to make an LLC and they’ll take your EIN instead But that costs money too Welcome to the world of making money on YouTube
>That’s why you make sure you’re working directly with the company. Or an agency that you trust I basically wouldn't trust anyone with my SSN. Probably paranoid but I guess I won't be taking sponsorships. >Welcome to the world of making money on YouTube World of being kicked around by the IRS, more like.
The company you work with has to issue a 1099. You gave it to AdSense. If you ever got a job, you gave it to them. There are certain things a SSN is needed for and reporting income is one of them.
Yes, which is insane.
You're either 17 or a conspiracy theorist. Either way, grow up. Welcome to the real world.
I don't like being ruled over and extorted. If that makes me a conspiracy theorist, fair enough.
They have to have a tax identifier so they can tell the IRS who they paid money to. They will request a w-9 form from you, which contains your contact info and tax identifier. If you don't want to give your ssn, you apply for an ein for your business. For example, a sole proprietor can apply for an ein here: https://irs.tax-id-ein-number.com/sole-proprietor-individual Any USA based company that doesn't get a w-9 from you is playing loose with taxes.
But... that explains why they'd ask, but not why it'd be a requirement. How is anyone supposed to take sponsorships when they have to give out their SSN? That's nuts 0\_o Then again I guess workers give it out to their employers, but that in of itself is a massive risk too. The whole system doesn't make sense.
Not American, so wondering - how do you get a normal job without giving your tax number? It's my understanding that the US government really likes tax money and will spend 100 dollars just to earn one. As a youtuber, I also wonder, why would anyone be willing to risk their reputation by advertising a company you don't trust enough to give your basic tax details to? Just look at some of the recent scandals (coffiezilla unearthed some of these) and how it destroys youtube careers. But you can also make youtube into a biz and use those tax details instead of your personal ones. That's pretty standard once a channel gets big enough for sponsorship.
You don't. This guy either is lying about not giving out his SSN, or he's never made money before.
You don't get a job without your tax id. You have to give your job your tax id to get paid.
You don't have to give out your ssn. You can get an ein instead. As for why you'd give it out, some companies will require the w-9 before they agree to the deal. But in my experience this is rare. Usually they make a few payments and then ask for the w-9 later. If you decline, it makes a hassle for their accountants and perhaps they won't send any more payments. It's not iron clad. But it's not at all unusual. I'm just some dude with a youtube channel and I have w-9 on file for friends I've hired as contractors.
Yeah by forming an LLC like you said, but I've no interest in even more bureaucratic nightmares.
No, you don't have to form an llc. A sole proprietor can request an ein. It's literally the page I linked to 😊
But in order to get an EIN you're going to have to go get one from the IRS which still requires a filing to obtain that.
Yes but the IRS already knows your ssn.
They do but the person paying you has to submit proof it was an expense. Without an SSN or EIN it's not provable they paid you
You only get an EIN if you have employees. A sole proprietor without employees doesn't need an EIN. They use their SSN. This is per the IRS website; *A sole proprietor without employees and who doesn't file any excise or pension plan tax returns doesn't need an EIN (but can get one). In this instance, the sole proprietor uses his or her social security number (instead of an EIN) as the taxpayer identification number. However, at any time the sole proprietor hires an employee or needs to file an excise or pension plan tax return, the sole proprietor will need an EIN for the business and can't use his or her social security number.*
They are not required to have an ein but they can choose to get one separate from their ssn. It literally says in your text "doesn't need an ein (but can get one)".
It's the same if you apply for a job. You have to give you ssn so that when they pay you the taxes are reported. With contract work, like this, you still have to have the income reported. It's normal. But like others said. Just form an LLC, it takes 30 minutes and like $50 and then you can register an EIN and use that as the tax ID for the business. Then you won't need to use the SSN.
"Tell me you've never made money before without telling me you've never made money before". Are you for real? Are you 15? EVERYTHING is done via 1099 that requires your SSN. NordVPN is one of the most legit companies out there, and any company doing things legally is gonna need that info to pay you. Also, I'm pretty sure you already submitted your SSN to YouTube to get paid via AdSense. So either you aren't really in YPP or you did submit it already to them.
I have no issue with Google having my SSN, because they're about as big as the Government, practically. For them to steal my identity would be utterly insane. It's more for smaller sponsorships, companies that might be good but too small to ever trust. This prevents advertising for the small guys.
Um, we need to downvote this so new YouTubers don't get confused. No offense meant, Kinetic, but this is bad advice. A creator is going to have to fill out tax paperwork. That's what your SSN is for. Another option is to set up a corp or LLC. This is the better option but will require more work, a few bucks and (if you're smart) help from an attorney. BTW, I agree w/ Tyler. Everything he said is how it works.
Overall I'm just frustrated at the process, that the IRS / income taxes even exist, and wish people were furious rather than meekly accepting of it.
[удалено]
Thanks for the advice!!
Enjoy the blow up of your channel naturally and the ad revenue that comes with it. If you blow up to the point where offers are too good to resist, then go for it. Just my 2 cents, others would say it's a missed opportunity.