In today's intricate economic landscape, ways of passive income have opened new doors to achieve financial stability while maintaining flexibility. After the pandemic and global economic crisis, the cost of living has significantly shot up throughout the world. Therefore, earning some extra cash can help women to support their families. Let’s take a look at several passive income strategies that working women and homemakers can try in 2024. Passive Income Ideas for Working Women and Homemakers YouTube Vlogging Starting a YouTube channel stands as a promising route for cultivating passive income. Women can actively share their expertise, experiences, or daily life through compelling video content. With persistent dedication, this content magnetises a broad viewership.  Consistent effort in content creation empowers women to get views and subscribers. This engagement may pave the way for monetisation avenues such as AdSense earning, ads or sponsorships.   Read more: 10 Best Programming Languages for 2024 Facebook Influencer Diving into the realm of a Facebook influencer offers another avenue for women seeking passive income sources. By harnessing a robust social media presence, women can make partnerships with brands, do sponsored content, and endorse products.  With these, they can generate revenue based on their level of interaction and number of followers. This engagement-driven approach cultivates a mutually beneficial relationship between influencers and brands. Thus, it serves as a lucrative source of income for women navigating the digital landscape. Read more: Influencer Marketing: A Beginner’s Guide Freelancing Opportunities Freelancing presents a versatile work structure. It enables women to leverage their expertise in diverse domains such as writing, graphic design, programming, and beyond. Platforms like Upwork, or Fiverr offer a spectrum of income opportunities.  Through active participation, these skilled individuals can carve a niche for themselves. They can engage with clients globally and foster a flexible yet rewarding career path, underpinned by their unique talents and proficiency. Read more: How to Transform Your Freelancing Career into a Scalable Business? Creating and Selling Stock Photos Producing and vending stock photos emerge as a lucrative opportunity. Women with photography skills can capture and market their images on platforms like Shutterstock or Adobe Stock. By catering to diverse niches and trends, they can monetise their visual creations. 

With the advent of technology, diverse artificial intelligence (AI) tools and chatbots are appearing in 2023. Among them, the text-based artificial intelligence chatbot, ChatGPT, has attracted millions of users worldwide. Although many feel apprehensive about ChatGPT replacing human workers, it has some benefits too. This chatbot can quickly respond to almost all types of queries and provide answers and materials. This efficient AI model can facilitate a lot of tasks that would make earning money easier. What is ChatGPT? ChatGPT is an AI chatbot developed by OpenAI and launched as a prototype on November 30 in 2022. This model was built on top of the GPT-3.5 language mode which was fine-tuned using supervised as well as reinforcement learning techniques. The latest version of ChatGPT based on GPT-4 was released on March 14, 2023. This version is available only for paid subscribers only. Read More: ChatGPT by Open AI: All you need to know 7 Ways to Earn Money through OpenAI’s ChatGPT Affiliate marketing Affiliate marketing is a passive earning method that involves promoting a certain product or service on online platforms like websites, blogs, or social media. Here the promotion is done through articles, product reviews, audio, video, or other audience-building mediums. Affiliate marketers earn commissions on the sales purchased through their leads or affiliate links. ChatGPT can be utilized to develop articles and videos. However, to avoid strikes on YouTube and other online platforms, copyright rules should not be ignored. Read More: Ways of Affiliate Marketing while Staying in Bangladesh Blogging and AdSense Those who have a passion for writing can start blogging on a specific niche like sports, lifestyle, music, cooking, parenting, food recipes, technology, etc. ChatGPT can help cut down the time to research specific topics and produce content. However, the content should be well-researched and plagiarism-free, while offering something new that others are not. Duplicate or similar content will be penalized by search engine operators.   After uploading around 20 to 30 pieces of content, the blog can be submitted for Google AdSense. Once Google AdSense is approved, the blogger can earn through CPC (pay-per-click). Read More: Monetizing Your Blog: How to Make Money from Blogging Software Development ChatGPT AI model has coding and programming skills. Using ChatGPT, programmers and software engineers can design easy-to-use software, apps, and online tools that they can sell or earn commissions from.

Affiliate marketing is one of the most lucrative internet-based passive income methods. Despite the fact that the niche-website marketing has become more competitive, affiliate marketing on YouTube is still enormously accessible and successful. YouTube affiliate marketing is considerably simpler to launch than alternatives such as e-commerce sites. Stay with us to know how to earn from affiliate marketing through a YouTube channel. What is Affiliate Marketing? Affiliate marketing involves advertising the goods of others in exchange for a commission on each transaction. You've undoubtedly seen "affiliate link" or "sponsored post" titles on many of the websites you frequent, or maybe you've already joined up with an affiliate network. If you are unfamiliar with affiliate marketing, let's discuss how it works. Find an affiliate program or network that interests you first. Examine the overview of the program, including the types of items or services, payment methods, and commissions offered. Read How to Increase YouTube subscribers for free in 2022? Sign up and publish or upload contents by adding the program's provided custom links. When one of your subscribers makes a purchase via these links, you will get a small commission. You don't need to own a realife business to do affiliate marketing. Unlike the physical business, you don't have to deal with product manufacturing, storage, or transportation. All you need is a website or social media channel to publish contents and earn commisions. That is why it is called a passive income source. You may work with individual businesses or affiliate networks, where you register and choose programs of interest. Generally, the programs are grouped into categories to facilitate choosing. Once accepted, begin promoting or reviewing your selected products along with affiliate links on your website, in newsletters, on social media, and everywhere else you are authorized to distribute links. Read Best YouTube Channels to Learn English Once your earned commsions have achieved the minimum payment (threshold) level, the network will send you a payment. Typical payment options include PayPal, wire transfers, and cheques. What is YouTube Affiliate Marketing? People utilize YouTube to increase brand awareness, create revenue, and expand their business. Besides, YouTube can play a significant role in the affiliate marketing plan for a website or organisation. Affiliate marketing that leverages YouTube as its main platform for content production and distribution is known as YouTube Affiliate Marketing. Affiliates generate videos for their affiliate channel using YouTube marketing, often in the form of physical product evaluations or unboxing videos. They then continue to provide links to the items in the video's description. If the affiliate marketing strategy is effective in generating affiliate traffic that purchases the offered product, then affiliate money is generated via the affiliate purchase links. Read How To Be A Popular Instagram Influencer As an affiliate marketer, you have the potential to earn a respectable amount of money by creating YouTube videos that people want to watch. Before jumping into the realm of YouTube affiliate marketing, there are a few things to bear in mind, since some portray it as a get-rich-quick scam. This undertaking will need a certain amount of dedication and productivity. It takes time to generate traffic that generates profits. The duration between starting and making revenue is contingent on a number of things. Consider the success of the products you're promoting, the quantity of your uploads, promotions through other social media platforms, and interactivity. Before you earn your first revenue from a click on an affiliate link, it might take anywhere from four to twelve months. Additionally, you must undertake exhaustive research on the products or services you want to advertise. If the firm you're referencing has a poor reputation or a sudden issue with quality management, your own reputation is at risk. Before generating the content, it is thus essential to undertake considerable research on the businesses from whom you will get commissions. Read Tips and Tricks to Increase YouTube Subscribers organically Ways to make a profitable channel for YouTube affiliate marketing Choose a Profitable Niche Do proper research to choose the perfect niche for your YouTube channel. The niche can be regarding technology, lifestyle, business or any other category. But you must have interest, knowledge and skill regarding the niche to generate innovative ideas and unique contents. The other things needed to be considered include target audience, affiliation product types, affiliate commission rate. You can do both online and offline research to choose the best niche for your YouTube Channel. Steady Video Creation Many individuals, particularly vloggers, don't really worry about the steadiness of the video when they record it; it may be rather enjoyable to move about with your camera. However, certain movies may need a steady image. Read Best Educational YouTube Channels for Children You may connect your camera to a tripod and shoot a stable video while on the go. Be careful to connect your camera firmly. Video equipment may be costly and fragile; therefore you don't want your camera to fall off the tripod. Arrange a Small Studio This area of your house, or wherever you record movies, will serve as your mini-studio. Here, you may set up and store all the technical equipment required to produce movies of constant quality. To choose the perfect location for shooting, examine several locations and perspectives using your camera. Oftentimes, it suffices to clean up the backdrop for it to operate! Read What Is Passive Income? Pros and Cons of Passive Earning Research Affiliate Providing Companies Different companies and online shops offer affiliate programs for marketers. However, most companies in Bangladesh don’t yet have a solid structure for their affiliate programs. That’s why you should research and list out the most reliable companies. Put Your Affiliate Link in the Proper Place The most crucial aspect of affiliate marketing is posting your affiliate link in a prominent, clickable location. The video description comes first. Make sure it's above the description's cut-off line, so it's easily visible and visitors can see it without having to click. Always tell visitors to click the link since they will not know where to look if they do not. Ensure Channel SEO You may optimize your content for YouTube inquiries using keywords just like any other search engine. Use the YouTube and Google search engines' recommended phrases to uncover more particular areas of your specialty that people are interested in. The free Google Keyword Planner tool is also handy and offers a little more than simply search ideas. Read Ways of Affiliate Marketing while Staying in Bangladesh In YouTube, you have a restricted number of characters for optimization: video title, video description, and tags. Because you don't have much content for SEO, concentrate on one keyword to increase your chances of being found in search results. Conclusion You can run a robust YouTube affiliate marketing channel and generate good commissions on a regular basis through outstanding content, inventive ideas, and successful campaigns. Though affiliate marketing on youtube requires zero to minimum investment, when done right the revenue may be simply fantastic. Read Monetizing Your Blog: How to Make Money from Blogging

The process of digitization in Bangladesh has made way for countless opportunities. People are not only having better access to information but it has also paved way for passive earnings. For instance, with some technical skills and marketing knowledge, anyone can become an affiliate marketer online and earn from it. The scope of affiliate marketing is so lucrative that successful marketer often takes it up as their full-time career option. So what are the methods of affiliate marketing while staying in Bangladesh? Let's find out. Top Affiliate Marketing Programs for Bangladeshi Marketers in 2021 ShareAsale Affiliate Program ShareAsale affiliates are one of the more well-known e-commerce sites out there. The company has been in operation for over 17 years now and they have always maintained a good reputation. With the diverse marketplace offering, ShareAsale can be the perfect place to start your affiliate marketing career. The requirements for signing up with the ShareAsale affiliate program are pretty simple. All you need to have is a live well-established website with organic high traffic. A well-optimized website with faster loading speed also gets priority in their selection. Ensure these and you are good to go. The commission rate usually varies from one merchant to another. However, ShareAsale will deduct 20% as the transaction fee from your affiliate earnings. You can get paid via physical cheques which are not very convenient considering you’re staying in Bangladesh. However, you can always opt for digital transactions through direct deposit or Payoneer. Read Passive Income Ideas in Bangladesh in 2021 Solvid Affiliate Program The company markets its affiliate program as the highest commission provider in affiliate marketing and that is true. You will get a flat 20% commission on any purchase.  If it is a renewable service, you stand to earn as long as the customer renews from your link. The flat rate makes it extremely flexible to switch between niches and experiment with the product range. Getting started with Solvid is also very easy. You simply need to provide some valid documentation to prove the ownership of your site and you are good to go. However, they do not have a digital payment method, so you only have the Payoneer to work with. Solvid is the perfect choice for you if your website attracts organic traffic from the UK. Overall, this is one of the better-paying affiliate programs that you can access from Bangladesh. Read Small Business Ideas for F-commerce Startups in Bangladesh during Pandemic Amazon Associates Amazon Associates is probably the largest and easiest affiliate program to get into. The payout isn’t as high as some of the other affiliate programs but the choice of products, as well as customer base, makes up for the low commission rate. You stand to earn a flat 10% from any purchase made through your link. Amazon even has some added benefits. If any visitor navigates to the Amazon eCommerce website through your affiliate link and buys any product that isn’t affiliated with you, you will still earn for directing the traffic. Signing up as an amazon associate is also very easy. All you have to do is submit documents certifying the ownership of your website. You can expect to get confirmation within 3-4 working days. Unlike other affiliate programs, Amazon doesn’t require you to show organic high traffic to your site. As a result, this can be a perfect starting option for people who have a relatively new website and are looking to get into affiliate marketing. Read What Is Passive Income? Pros and Cons of Passive Earning eBay Partners Based in San Jose, California, eBay is another well-known e-commerce platform across the globe. In addition to the usual buying and selling option, there is also an auction mechanism where products are sold to the highest bidder. It is possible to sign up as an eBay partner from Bangladesh. The commission rates aren’t predefined, and it varies according to niche and product. Generally, you stand to earn somewhere around 20% to 50% commission. In addition to that, eBay offers other income opportunities as well. If the winning bidder of any auction comes from your link, eBay will share a profit margin ranging from 20% to 70% with you. If your target audience is mostly from the US, you can consider signing up for eBay as it's much more flexible and lenient compared to other affiliate programs. And as an incentive, for the first three months, you get commissions at a doubled rate. Read Zero Investment Business Ideas to Try Amidst the Pandemic Shopify Affiliate Program Shopify is one of the leading eCommerce solutions. The platform is very common and popular with online marketers as well as bloggers. Shopify has a referral program that you can partner up with as a blogger. Unlike other affiliate programs, Shopify doesn’t require you to document traffic for approval. All you need to submit is the ownership document of your website. The commission rate is pretty good with Shopify and you can earn up to 200% bounty on your first month’s referral. As a blog owner, it becomes easy for you to get started as they run on a similar niche. And affiliate earnings aside, this is a genuinely good product that you can recommend to people. However, the issue with Shopify is that it is a highly niche-based product. You will not be able to drive considerable traffic since people who don’t have anything to sell online will not be interested in it. Read How To Be A Popular Instagram Influencer Rakuten Marketing Affiliate Rakuten is an award-winning e-commerce platform known for prioritizing their customer over anything. The platform has partnered with NBA before which is a testament to their influence and reach on the online market platform. Just like eBay, the commission rate is not predefined and it varies from product to product. You can expect to earn between 20% to 50% commission depending on the niche of your product. However, there are some drawbacks with Rakuten. Here you have to apply to each marketer individually in the platform rather than get your affiliate certified by Rakuten for all products. This makes your job a bit tricky as you have to specifically research which seller aligns with your website niche and apply accordingly. Read Tips and Tricks to Increase YouTube Subscribers organically Bottom Line Most of the leading affiliate programs offer partnerships to marketers from Bangladesh. However, that alone is like half the job is done. You still have to market the product from the platform in a lucrative manner to make sure they get directed from your link. With proper niche selection and product presentation, it is possible to become a successful affiliate marketer from Bangladesh in a short while.