But the question I keep coming back to is WHERE does the money to pay even a low wage come from? Youtube pays on avg about 10 bucks per 1000 views. And they get <20k views on everything, so making 200 a video is a stretch. They posted 26 videos in Oct and if they all earn 200 (again no way) that is only $5200 before production costs.
They aren't getting a lot of listens on spotify, and while there are ads they would need MASSIVE engagement on the ads to make enough to support multiple employees.
They claim the shoe reviews are independent, taking them at their word the website had 440k visits in August according to SEM Rush. That is tiny, and if they truly are independent it's not monetized anyway (if you believe that....).
They sell merch, so there is some revenue there but t-shirts and stuff like that are not that profitable, especially since they don't have that much traffic to the website anyway.
They do somehow convince shoe companies to fly them around, but I can't see Asics paying for them to go to Tokyo AND paying a huge stipend on top of it.
I'm just not seeing their model. Maybe Thomas created and LLC and puts everything through it except paying himself minimum wage and just shows giant losses each year for taxes. Even then, not seeing it.