4 Powerful Ways to Make Passive Income with YouTube in 2024 😐
YouTube is not just a platform for entertainment—it’s also one of the best ways to generate passive income. By creating and uploading content that resonates with your audience, you can earn money while you sleep. Here are four powerful ways to make passive income with YouTube in 2024.
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Ad Revenue from YouTube Partner Program: Once you’ve built a sizable following and gained 1,000 subscribers and 4,000 watch hours, you can apply for the YouTube Partner Program (YPP). This allows you to earn money from ads shown on your videos. The more views and engagement your videos get, the higher your ad revenue.
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Affiliate Marketing: Incorporating affiliate links into your YouTube videos is a great way to earn money. You can promote products you love and include affiliate links in your video descriptions. When viewers click on these links and make a purchase, you earn a commission.
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Sponsored Content: As your channel grows, you can attract sponsors who are willing to pay you for promoting their products or services in your videos. This is a highly profitable revenue stream once you have a loyal following.
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Selling Your Own Products: If you have your own products—whether it’s merchandise, digital products, or services—you can promote them directly to your YouTube audience. Use your videos as a platform to showcase your products and provide a call to action encouraging viewers to buy.