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An ocean of knowledge and creativity stirs in mind and yet run out of time in busy schedules in routine tasks from making tiffins till late bedtime wrap-ups? Alas, how wonderful it would be if there was some option to pause the button of time and stay still, just only me!
Yes, now you can stay back, just for yourself, use your knowledge base and earn some passive income suiting to your convenient time. Passive income is the income you earn continuously as commissions from something which you create and monetize like your personalized video or an advertisement. You do not have to be active after once you complete and monetize a task. Boom, it’s that easy!
Thanks to modern techniques, there are innumerable methods by which you can earn passive income. YouTube, AdSense, AdMob, etc. to name some of them.
Now the deal is that your passive earnings depend upon the quality and effectiveness of your video or advertisement. The selection of the matter in your YouTube video is vital to attracting the likes and views of the audience. Once effectively created, you can enjoy earning passive income through a YouTube channel.
Its generally thought that it is very easy and effortless deal to upload whatever ad or video on YouTube and you just start earning. But as long as you think out of the box and generate some creative and attractive content, then only you can expect a handsome passive income coming to your wallets. There is every room for creativity and uniqueness. YouTube is second-most sought search engine after Google. So, instead of solely depending on YouTube, treat it as a leverage to generate Passive income and use it as a catalyst for best money-making opportunities.
CPC stands for Cost-Per-Click. It is a metric that shows you how much money you earn when a visitor/viewers clicks on an ad.
CTR stands for Click-Through-Rate. It is another metric that gives you the percentage of how many visitors/viewers click on an ad. It is calculated by dividing the number of clicks that one of your ads gets by the number of times that your ad is shown.
An example: You ad is shown 100 times and it gets 4 clicks. Then your CTR would be 4%
CPM stands for Cost-Per-Mille or Cost-Per-Thousand. This metric tells you how much you earn from 1000 ad impressions.
It is calculated the following way: CPM = CPC * CTR * 1000
In a video by Graham Stephan he showed his 2018 and 2017 YouTube income. In this video he showed, that in 2017 he made about $6.25 for 1000 video views (his CPM, Cost per thousand, was $6.25) and in 2018 he made about $12.14 per 1000 video views.
The income is depending on the topic of you YouTube videos. Videos about financial topics typically have a higher CPM rate.
Passive income can be of great help for an ideal lifestyle. Just create some interesting YouTube channel and enjoy your passive income thereafter relaxing while on vacation.
So, what are you waiting for? Follow these simple steps and churn out some good content, create and upload on YouTube and wait for a handsome passive income relaxing on the couch. Get…Set...Go!