How do I make money from streaming?
The streaming business can be very lucrative and a good option if you are looking for an additional source of income. There are many different ways to start making money from streaming.
What is streaming?
Streaming is essentially a bit like live television, where people watch a person or their screen in real time. You can create videos and share them in real time using a mobile app, computer or tablet with live streaming technology.
There are many platforms from which to broadcast and where viewers can find and watch live content. Live content does not need to be edited, so viewers can see exactly what is happening. You can play games, give advice or provide specialist content based on the interests of the audience.
How much money does a streamer earn?
The amount of money streamers can earn is highly dependent on the time and effort they put in. Many streamers report earning an average of $3,000 to $5,000 if they work 40 hours a week. Streamer referrals can range from 100 rubles to 500 rubles per viewer per hour. Thus, there are no fixed monthly salaries, but there are many opportunities for regular income. For many, it’s just a hobby, but it can turn into a solid income if you invest a little time and diligence.
9 ideas for making money from streaming
Most platforms have a streaming feature that can open up content to a large audience. Streaming can be a great way to make money and gain a large audience. Here are 10 ideas for making money from live streaming:
- Using a live streaming platform, you can ask viewers for a tip if they like the broadcast. This is one of the main ways to make money from live broadcasts, but the income varies.
- Mention partners in your live broadcasts and bios – you can include information about partners and their offers and add an affiliate link. Every time a customer buys from an affiliate link, its owner will receive a percentage of the money from affiliate sales.
- Branded merchandise is another way to make money from streaming videos. A great idea would be to sell your own merchandise such as caps, t-shirts, mugs.
- You can also make money by streaming games through sponsored ads and asking brands to sponsor a live stream. This is a very popular way for streamers to make money from streaming games as they can partner with brands.
- Promotional inserts inserted at the beginning and middle of the video that appears in the video. Whether you play video games or offer other content, ad revenue from video monetisation can be incredibly lucrative.
- While one possibility is to run sponsored ads, professional players and streamers can also be sponsored by and collaborate with brands as an additional revenue model.
- Another common revenue model is the creation of paid subscriptions. Fans can receive exclusive content as subscribers and gain access to privileges such as broadcast schedules, while streamers receive regular payments in a flat-rate revenue model.
- Depending on the type of content you create, you can also offer courses and teach others how to make more money. Many streamers create digital products such as courses that they sell access to. You can create one-off or recurring training events that you can sell tickets to in order to generate extra income.
- Create multiple channels for different interests at the same time. This can be a great way to target a more niche audience, organise a channel and provide multiple sources of income.
Create additional content
Many streamers end up expanding their business beyond video content to make money. For example, many streamers also create content for the blog, which can include a content marketing track to encourage readers to check out their channel. They can also create other types of pre-recorded videos and offer exclusive access to paid subscribers to reward them for watching their live broadcasts.
How do I start streaming?
It’s quite easy to start streaming and earning money as it doesn’t require a lot of equipment:
- A computer.
- A broadband internet connection.
- A webcam and/or streaming camera.
- Microphone.
- Good lighting and the use of additional equipment, e.g. a round light.