If you are looking for how to make money streaming live contents, then there are multiple ways to earn money with live streaming. The amount of money you can make from streaming varies widely depending on several factors. Let's discuss how you can earn money from live streaming. Continue reading
The global live streaming industry is swelling fast and with that there are more opportunities than ever for the live streaming businesses. According to a recent report by Statista, the annual live broadcasts watched on major platforms in 2019-2020 was 27.9 billion around the globe representing a 78.5% rise compared to the previous year.
No doubt that the demand for live streaming is going to rise further and the players in this field are expected to witness a rise in profit in the coming years. No matter whether you are already operating in the live streaming industry or not, you must have a clear knowledge of how to earn from live streaming.
While this may seem simple, it actually requires in-depth knowledge on everything- starting from monetization models to how the pricing strategies for your live streaming should be.
In this blog we will cover all you need to know how to make money from live streaming. So, let’s start!
If you are looking for how to make money streaming live contents, then there are multiple ways to earn money with live streaming. But before we discuss that, you must ensure the following things-
✅The content quality of live broadcasts that will be monetized
✅Your preferred monetization model
✅The targeted increase in revenue/recurring revenue
✅The position of your live streaming content in the current market
And then you can focus on the different ways to earn money with live streaming-
The easiest and fastest way to earn from your live streaming is utilizing your live streaming platform fully. If you opt for a quality live streaming platform, you will get multiple monetization options to earn from your live streaming such as-
With this monetization model you can get subscribers to your live streaming channel who can get access to all your live streaming content. This monetization model is quite popular among both the live streamers as well as the customers. While the service providers can earn a fixed subscription amount recurrently from the subscribers with the live stream, the viewers also get the perks to watch all the live streaming content without paying any additional amount.
The pay per view monetization model has become sought-after over the years owing to the flexibility it offers to the viewers. This monetization model gives the liberty to the customers to pay only for what they watch and not anything extra. For instance, if a viewer only watches three live streaming videos on your channel, he/she will be charged only for those three videos instead of getting charged for all the content.
Pro Tip: Always opt for live streaming platforms like Muvi Live that doesn’t share your revenue or have any constraints such as minimum views or subscribers to let you earn.
Brand deals & sponsorships are another effective way when it comes to earning from live streaming content. If you have a large base of fan followers or good and relevant content, then various brands are likely to offer you brand deals and sponsorship opportunities. Also, you can approach them to collaborate. And you can easily earn through such deals by-
✅Creating fully sponsored live streaming content
✅Displaying advertisements about the brand during live streaming or on other channel pages
Remember, the brand deals should be aligned with your live stream contents and the preferences of the viewers and must not be too off-topic or should not seem like just to earn.
However, by creating more quality live streaming content with high viewers engagement, you can get more such deals and can earn even more apart from earning directly from live streaming.
Pro Tip: Go for a live streaming platform like Muvi Live that not only lets you place advertisements inside your live stream, but also allows you to configure the ads, such as, before, after, or during the live streaming.
No matter what your niche is, you can always come up with online tutorials or courses to earn even more from your live streaming business. Some ideas you can implement-
✅General online paid courses
✅Pay per view online tutorials
✅One-to-one lessons/tutorials
✅Courses for different viewers with ascending tiers and respective livestream prices
Etc.
Also Read: How to Live Stream from Apple iPhones?
With the growing adoption of affiliate marketing, affiliate sales have become a trending way to earn through your live streaming. Affiliate marketing is basically an advertising model in which a company pays you to advertise their products and services and generate sales.
For instance, you can insert the specific purchase link or coupon code during your live stream or in the description. So that, every time a viewer makes a purchase using the link or coupon code, you get to earn a commission.
However, the products for affiliate sales must be relevant to your content or else there is less probability that your viewers will purchase, and too much irrelevant marketing of other products can also result in losing your customers. So, your content must be your first priority.
Fan donations can be another way to earn through live streaming provided it is conducted for the right purpose or something your viewers can relate to. Most of the top-rated live streaming platforms like Muvi Live lets you implement it easily where your audience can donate by making payment of their choices, purchasing gifts/coins of different values etc.
Space Lyon’s US $10,000 donation collection while playing Fortnite, Dr. Lupo’s US $1,000,000 donation collection during live stream for cancer research, and Exotic Chaotic’s US $75,000 donation collection while live streaming are some of the vivid examples of how effective the fan donations can be. And you should always keep the provision for one no matter what type of content you live stream.
Creating and selling your own merchandise while live streaming can work wonders in earning additional revenue if planned right. Always keep in mind-
✅The merchandise should be relevant to your live stream content
✅The price of the live stream should not be too high or low to convey their right values
✅All the audience are likely to have some interest in it and not just any specific age group or customers from the specific demographics
✅Focus on the most popular or mostly-watched content and come up with more relevant merchandise for better sales
Advertising is a multi-billion dollar industry, and you can tap into this revenue stream by incorporating ads into your live streams. Brands are eager to showcase their products, and live streaming provides the perfect platform for reaching an engaged audience.
Here are three types of live stream ads to consider:
Pre-roll Ads
These ads appear automatically before your live stream content begins, typically lasting 15 or 30 seconds. They offer brands the chance to capture attention right from the start.
Mid-roll Ads
Also known as in-stream ads, these are inserted during your live stream, usually lasting around 12 seconds or more. They seamlessly integrate into the experience without interrupting too much of the viewing session.
Overlay Ads
These small banner-like ads occupy the bottom section of your stream (around 20% of the screen) without blocking the content. They are subtle yet effective, allowing the stream to flow uninterrupted.
The live streaming industry holds unlimited potential around the world and no matter what type of content you live stream, there are always many ways to excel in it and earn from it. By keeping the above pointers in your mind, you can easily start earning from your own live streaming. All you need to do is choose a robust live streaming platform that offers all the above-mentioned solutions to let you earn in a hassle free way.
Muvi Live is the best live streaming platform that helps you broadcast live streams seamlessly to your global audience. With Muvi Live you can launch your own enterprise-grade live streaming platform and start earning from it through all the ways as mentioned above. Furthermore, you get the feature-packed solutions such as ultra low latency live stream, mobile live stream, live streams recording, and social media integration, to name a few.
Take a 14-day free trial now and start earning from your live stream (no credit card needed)!
Muvi Live is one of the best live streaming platforms to monetize. Muvi Live offers robust features that enable you to monetize your live streams effortlessly. Whether you’re a content creator, educator, or event organizer, Muvi Live gives you the flexibility and power to generate revenue from your live content in multiple ways.
The amount of money you can make from streaming varies widely depending on several factors. Streamers primarily earn through subscriptions, donations, bits, and ads. Top streamers can make millions annually, while smaller streamers may make between $100 to $1,500 per month. Established streamers often get sponsorship deals with brands, which can range from hundreds to thousands of dollars per deal. A large and engaged audience can lead to higher earnings from subscriptions, donations, and sponsorships.
Pros
Cons
Yes, you can make money live streaming, and there are several ways to monetize your content depending on the platform you use and your audience.
Written by: Ankit Jena
Ankit is Content Writer for Muvi’s Marketing unit. He is a passionate writer with 5+ Years of Experience in Content Creation And Development. In his past time, he likes to dance, play football and google various things to quench his thirst for knowledge.
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