When creating a successful livestream, there are many factors for you to consider. Although the concept behind livestreaming is simple, if you’re looking to make the most of your channel, you’ll need to put a little thought into it. This may sound daunting, but don’t worry! The few minutes it takes to prepare yourself for success now, can pay off—literally—in the future. So, if you’re looking to profit from your stream, take a look at our tips below.
One of the simplest ways to begin garnering a cash flow from your stream is through subscriptions. Becoming a Twitch partner gives users the ability to subscribe to your channel for about $5/month. Once you have subscribers, you’ll split the proceeds from the subscriptions with Twitch every month.
For streamers who are looking for a convenient and reliable way to make money, without too much headache, subscriptions are the way to go.
Partnering with Twitch offers a number of convenient ways to earn revenue from your stream. One of these ways is through the ad revenue generated by video ads shown to viewers. Unfortunately, this isn’t the most profitable method, as many viewers use adblocker to avoid seeing the ads in the first place. So while this might be an option, you shouldn’t count upon it making you the most money in the long-term.
When it comes to making money from your stream, diversifying your revenue sources is the key to success. Many sites like G2A.com, ScufGaming and KontrolFreek offer affiliate programs. These programs allow streamers to sign up and receive a special coupon code. This code can then be shared with their viewers so that viewers can get a discount on the company’s products.
When viewers use their links to make a purchase, the profit from the sale is shared between the streamer and the company. Especially useful for streamers with many followers, this is a relatively hands-free way to make a few extra bucks by connecting viewers with products they may be inclined to purchase.
In a similar vein, direct sponsorships bring big name brands right to your viewer’s screens. This kind of arrangement is typically only available to celebrity streamers with enough followers and name recognition to justify the company’s investment in it. However, for streamers with that kind of following, this is by far the easiest of all ways to monetize.
But not everyone has the recognition to lure brand names to their channels. So what’s the most financially viable option for your average streamer? Donations. Though it may sound like an unreliable way to go, this could, in fact, be your major moneymaker for the long-haul.
Think of it this way, you’ve already captured an interested audience by providing content that they appreciate. Why not go ahead and open up the possibility of leaving a tip? You might weave in added incentive by reading all messages sent with a $2 or more donation. By making your attention more valuable, you can streamline your way to potential financial success.
You Can Start Today
Whether you’re a first-time streamer or have been streaming for a while, it’s never too late to consider monetizing. What better way to make a bit of extra cash than by doing something you enjoy? If you’re looking for assistance with this process, we may be able to help. Feel free to contact us to get started.