Today we will briefly discuss how you can earn a passive income using YouTube in 2023.
So, there are several ways to make money on YouTube, including advertising revenue, channel memberships, affiliate marketing, and live streaming.
Advertising Revenue
The first way to earn a passive income using YouTube in 2023 is through display, overlay, and video ads.
Channel memberships
Allowing creators to offer special perks to subscribers in exchange for recurring monthly payments.
Affiliate Marketing
Another way is to allow your fans to browse and purchase products directly through YouTube, which will help you earn a passive income online through YouTube.
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Live Streaming
Your fans can buy different perks and gifts for you during your live stream.
Selling Merchandise
Using YouTube as your online income platform, you can create merchandise to sell to your fans, like T-Shirts or Gift Items.
How to Access Monetization on YouTube?
To access these monetization features, creators must be enrolled in the YouTube Partner Program (YPP).
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What kind of Earnings are possible with YouTube?
It is possible to make significant money on YouTube, as demonstrated by successful creators such as Zoella and Cassey Ho. Zoella, a British YouTube star, has an estimated net worth of $3.5 million, primarily from advertisements, her beauty line, and her book. Cassey Ho, the creator of the workout channel Blogilates, has an estimated net worth of $2 million.
How hard is it to Make Money on YouTube?
Let's be honest. It is not easy to make money on YouTube, but it can be difficult and time-consuming. Creators must consistently produce high-quality content, build a large and engaged audience, and actively work to monetize their channel to be successful.
It is a full-time job from home, so one should commit to it as their primary focus.
