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How To Make Money Streaming Games On Facebook

Now, let's move on to the different ways of making money as you stream on Twitch. Subscriptions When you decide to stream on Twitch, subscriptions are one of the most common ways to earn money. The amount of money you can earn with Twitch totally depends on the traffic your channel has. Subscribers pay monthly fee of $4.99 to a chosen streaming channel in exchange for a set of features.

Live streaming is wildly popular nowadays. You might have even watched a live stream or two today!

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New technology and faster internet connections are allowing people to easily stream their lives, their thoughts, and even the video games they’re playing right from their computers and mobile devices.

But did you know that you can earn some side cash by simply broadcasting your daily life and your opinions?

In today’s blog post, you’ll learn how to make money live streaming: how live streaming works, where to live stream, and how to earn from it.

What is Live Streaming?

First, what exactly is live streaming?

Live streaming is the broadcasting of live video over the internet to an individual or to an audience.

In a nutshell, it’s just you, on camera, talking to the world. Think PBS on the go, with limited start-up costs!

Unlike pre-recorded videos that can be edited, from which scenes can be added or cut, or filters can be applied, live streaming is real-time, uncensored, and often unscripted.

You can stream from your phone, tablet, or laptop from a broadcasting platform. You can be as raw or as polished as you want.

What Can You Live Stream?

You can stream your everyday life, your random thoughts, and your virtual and actual interactions with people in your life.

You can show the world your singing, dancing, and even your jokes.

Show your audience the sports game you’re watching, along with your running commentary.

If you have opinions on politics, religion, or any other controversial subject, you can stream that too.

Love cooking? Stream it!

Love playing video games? There’s a huge audience who just love watching other people play!

Bottom line: Pretty much anything you want!

The possibilities are almost endless, and it leaves a lot of room for anyone to take advantage of the boom and make money from live streaming.

Live Stream Platforms

There are numerous sites and apps available that can help you to live stream instantly.

When choosing one, always keep in mind how simple it is for you to use, how easy it is for your audience to engage with you, and how straightforward it would be to monetize your live streams.

Here are some of the live stream platforms you can choose from

1. YouTube Live

The daddy of online video, YouTube now offers its own live streaming platform, YouTube Live, to secure its video dominance.

Being on YouTube Live allows you to broadcast your live streams, record these live streams, and allow audiences these recorded live streams as searchable, on-demand videos, all on the same platform.

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YouTube’s incredibly large audience is also a considerable advantage. Your viewers are already familiar with YouTube, and placing your videos in an already-popular platform increases the chances of attracting new fans of your live stream.

2. Facebook Live

If you already have a following on Facebook, simply going on Facebook Live is a good way to broadcast your live stream right on your followers’ News Feed.

Simply go to your Facebook app on your mobile, tap the Live button on your post composer, and you’re good to go.

3. Instagram Live

Another social media platform that provides users the ability to live stream is Instagram.

You can share a live video on Instagram and connect with your Instagram followers for an hour.

Once that hour is over, you can share a replay of your live video on your Instagram stories.

The usual people on Instagram Live are celebrities and high-profile influencers.

4. Twitter Live

Yet another social media platform that has moved into the live streaming space is Twitter.

Twitter Live is usually for breaking news, but if you have enough interested Twitter followers, live streaming on Twitter can be lucrative for you.

Another great thing about going live on Twitter is that it can be viewed on another platform called Periscope.

5. Periscope

Periscope is primarily used through a mobile app for both iOS and Android that’s perfect for more personal or spontaneous live streams.

It does have a web version that you can use for viewing live streams from Periscope users all over the world, but you can only broadcast from the app.

Periscope is owned by Twitter, and as I’ve mentioned, you can view live streams both from Twitter and other Periscope users in the same app.

6. YouNow

YouNow is also a mobile app for both iOS and Android that’s mostly used by a younger crowd.

A few years ago, YouNow was one of the most popular live streaming platforms, but recently, a part of its audience share has been taken by Twitch.

7. Twitch

Known particularly for streaming video games and e-sports being played by popular gamers, Twitch has a huge user base and is therefore one of the most popular platforms around.

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If you’re a gamer, it’s unlikely you’ll need any other live streaming platform.

Making Money from Live Streaming

Now that we know what live stream platforms are out there, the next thing is to learn how to monetize your live streams.

There are several ways to earn money from live streaming, but bear in mind that not all of these revenue streams will work with all platforms.

Also, to truly make decent money, you will need to make use of several revenue streams (ain’t that always the way!).

Here are some of the ways that you can make money from live streaming.

1. Ads

Joining the right live streaming platform with the right advertising network allows you to earn a commission for each view or click, depending on how the advertising network sets its metrics.

Like with any advertising network, the earnings per view/click are usually pennies, but with a large enough audience you can easily pull in $1,000 or more a month purely from ads.

YouTube Live and Facebook Live are capable of showing ads during live streams.

The problem is that ads can be annoying, and so viewers can install ad-blocking software, which reduces your commissions.

So if this is your sole source of revenue from live streaming, you’ll want to rethink your strategy and get another source.

2. Donations/Tips

That first tip you’ll ever receive from your fans is something special.

It’s validation for your live streaming endeavor that someone appreciated your material enough to send you something, even if it’s just a couple of bucks.

Most people think that donations and tips aren’t going to earn you much money, and they’re right.

However, having it as a side revenue stream can help you at least earn some change for coffee.

In addition, most major live streaming platforms allow you to receive donations and tips, either from their own integrated services or currencies, or by allowing you to advertise your accounts with third-party services, such as PayPal or Venmo.

For instance, YouTube’s main tip tool is Super Chat, which YouTube viewers can buy to highlight their messages to you during your live stream. Twitch, on the other hand, allows viewers to buy Bits and use them to Cheer for you. You get a cent for each Cheer you get from your viewers.

How To Earn Money Streaming Games