How to make a passive residual income through your own YouTube Channel
Passive residual income is any income that is generated through an indirect involvement with a business venture. Or simply put, money that you earned from work that you did in the past with minimal monitoring at present. If you are on this page then you must have been seeking the answer to the popular question ‘how to make a passive residual income’.
Starting your own YouTube channel as a passive income cash cow is an ongoing adventure that is by no means a get rich quick scheme but in time will enable you to earn recurring monthly passive income. In this article we’ll look at the basic steps of how to make a passive residual income with YouTube.
You can either start a YouTube channel as a solo project or it can be developed to support of your blog, website or product that you are endorsing. There are different types of YouTube channels and different ways to monetise them. Whether your channel is an independent channel or part of a marketing strategy the key indicator that determines its success is the number of active subscribers it has. In fact, the number of your followers is directly related to your potential ongoing passive income.
How do I get started?
Creating your own YouTube channel is something you can do for free in minutes and the process of learning how to make a passive residual income through YouTube is a rewarding one. First you need to create a free Google Account. If you want to be a serious YouTuber then you should create a non-personal Google account to link to your YouTube channel. This will give you freedom to let another person run the channel for you if you get too busy and then you don’t have to give them your personal Google account information.
If you already have a business that you want to associate with your YouTube channel, customise the channel to have your business branding. Your business Google account credentials also serve for YouTube channel because the two are linked and so you already have a YouTube account for watching videos even before starting to upload your own videos. To create your channel, simply click on “My Channel” link on the top right corner of the Google Account Menu on the main YouTube Page. You will then be re-directed to “Create Your YouTube Channel” screen and you will see that you already have your profile photo and username there. You can edit this information that’s shown to the public “From Your Google Profile” option.
Setting up your channel to earn passive income
When creating your YouTube channel, you will have the option for adding keywords. Keywords help people find you so it’s important that you add relevant ones. You need at least 10,000 views to be able to start earning money when you monetise your channel. For a monetised channel you need to connect your YouTube channel to a Google AdSense account.
There are different videos that you can monetise and it’s important to know which categories are currently popular and consequently maximise your earning potential. Sites like www.creatoracademy.youtube and www.shoutmelous.com will lead you through a step by step process on how to create the best videos to monetise. To maximise your opportunities, you can select the “automatically monetise all future uploads” option in your YouTube account.
What videos should I upload?
Perhaps this is the biggest dilemma for people asking how to make a passive residual income from a YouTube channel is content. There are three main avenues for earning money on YouTube;
- Google AdSense: which is where you are paid for the ads that appear on your channel,
- Sponsored video: where sponsors pay to show adverts at the beginning and end of your videos, and
- Affiliate marketing where you create videos for products that earn a commission per sale.
The secret to earning consistent passive income from your YouTube channel is to upload great quality videos that can earn you a consistent and loyal following. There’s really no hard and fast rule for the best videos that you can upload on YouTube to start generating your passive income. Make videos that you would enjoying watching yourself. If you create content that’s interesting to you, or a solution for some of the problems you have encountered in your life then it’s easy to find people with the same interests or problems that will be happy to watch your videos.
More ideas on how to make a passive residual income
If you are interested in learning about other passive residual income ideas and passive income opportunities then have a look at this site www.passiveresidualincomefreedom.com