@The Jungle Explorer, thanks for this post. I like your attitude. You're coming at this from a seasoned and data-driven perspective. I've had many of these same questions. Honestly I don't have any answers, but I can provide my own perspective as well as some speculation. A few qualifiers:
- I'm Generation X as well. They totally wrote us off. Said we weren't going to be anything, yet our generation built things like YouTube, and we're about to get to Mars.
- I've been making content since 2000. Back then is was blogs, then came podcasts, then YouTube blew up. I've been on YouTube since 2007. My current channel is my third and most "successful" of the three channels.
The Long Haul | The Business Life Cycle
Every question you asked is a great question and should be asked by all people. In fact every business has to ask these questions. All industries go through a cycle, a long cycle.
- Start
- Growth
- Climax
- "Level" Run
- Decline
When I say long cycle I mean the true life cycle of the business itself. Whether it's a 100 year old company or a first year up-start. All business starts. Most never get past the start up phase. From there things grow, some fast, some slowly. Sooner or later that industry will climax, level off before going into decline. Some business/industries can restart, move in a different direction, and start the cycle over again. Other businesses cannot, thus they die.
This applies to our individual YouTube channels. Each person is running their own business. Perhaps the currency is not dollars and cents, but views and subs, despite people calling them "vanity" metrics. Every YouTube channel has a start. Most will never get past the start up phase for a variety of reason. For some it's a niche too small to make any headway. For others it's lack of discipline. For others it's totally unexplained.
For instance I run a fishing channel. Fishing is a very old industry, about as old as humanity itself. Over the past 50 years the fishing industry has been in decline. My generation went fishing and hunting as kids. Today's generation stays at home and plays video games. There is no new blood to replace the old blood in the industry. If an entire industry is in decline, how can I expect my channel to magically rise above that?
You have to take a broader look. People are too focused on YouTube and ignore everything else. Also the assumption that there is a problem, well, there could be.
Is YouTube broken? Yes. Show me a human built institution that isn't broken.
There are also limits to the audience size of each niche. If you crank out tons of content in any niche, sooner or later you will max out that niche. There may simply be no more people on planet earth interested in that subject.
That leads to my final point. People often ignore basic cycles and seasons. If some one wants it to be summertime all the time, well, you'll ruin the whole planet as a result. The list above can be considered seasons. It's unrealistic to think that you should be in a perpetual growth phase all the time. That's highly abnormal, yet people somehow think that's what their YouTube channel should be: always growing all the time. Anytime it isn't there must be something wrong. People are so divorced from the environment they have totally forgotten that things ebb and flow in cycles, long cycles, 50 or 100 year cycles. Hello, it's been a 100 years since we had a big honking flu pandemic.
My channel is in a state of decline. Why?
- COVID. Enough said.
- Every two years I reinvent my channel and go in a bold, new direction. I'm about a year overdue for that.
- My industry, the fishing industry, is in decline.
- I have focused on art more than money.
- Emotionally I'm in a much different place today than when I started. (See #4.)
So out of all these "problems." I can only do anything about #2 and #4.
Web 2.0 vs. Web 3.0
I said above that YouTube is broken. (The world is broken, also.) But, the problem is much bigger than YouTube. The real problem is Web 2.0. Here's What I mean:
- Web 1.0 was basic post card-like Web sites. You built a Web site and hosted it on someone's server. You don't own anything. Sure the intellectual property is yours but, you're just renting a space on someone's server.
- Web 2.0: You could upload content on someone else's Web site and earn money from it. This gave rise to sites like Twitter, YouTube, Facebook and the like. Again, you don't own anything, the rent is free, but anyone inside the company can shut down your channel, account or feed at any point for any reason.
- Web 3.0: You own a piece of the servers, you own a piece of the network, you stake a claim onto the blockchain itself. You own the views, the subscribers and the content itself. This is now in a heavy start up and growth phase. You own it via a token called a coin or NFT as proof work, proof of ownership, proof of history or any number of things.
This is ultimately why YouTube "doesn't" work. Yes, YouTube works well for YouTube and Google, but for the rest of us, well, our mileages have varied as stated in the above replies. The reality is anytime on big company, organization or government controls everything, there is will be well-deserving people who will never get a chance.
Honestly this is what I will be doing much of 2022 is starting my own marketplace on the Solana blockchain, and begin minting NFTs of my content there. YouTube is a great platform, but Web 2.0 is in decline, and it's time to start thinking in Web 3.0 terms.
That doesn't mean that Web 2.0 will go away, but just as Web sites are to your YouTube channel will be your YouTube channel to your own blockhain marketplace. These are the real issues that no one talks about. It isn't about views ans subs or what the heck YouTube is or isn't doing. It's about how you want to define, run your business. YouTube cannot do that for you. TB cannot do that for you. No one can do that for your. You have to make your own decisions about your business.
For some people it will not be worth continuing. I've known people who decided to move on to other things. Others stayed and continued on. Other changed things and went in new directions. Some scaled to new heights. Some didn't.
I say all this to encourage people that there is far more going on than YouTube. You alone have to make decisions about what you are going to do.