Live streaming is becoming one of the main sources of entertainment for both creators and audiences. The trend saw a 41% increase in live streamers in 2021 as compared to the previous year, and it is set to prevail in 2022. According to experts, this industry will generate $247 billion by 2027. However, earning from live streams takes time, patience, and dedication. You can visit https://melonapp.com/features/streaming-tools/ to learn more about streaming tools. Have a look at the following guide if you are looking forward to making money from your streams in 2022.
1. Multiple Platform Streaming
If your content reaches the maximum number of people, it will make you some money. Professional streamers don’t just go live on one hosting service; their content is available on multiple platforms simultaneously. This allows people to view your streams on their preferred platforms. If you are a beginner, look for a hosting service that lets you go live on various platforms simultaneously.
2. Donations and Tips
This is one of the easiest ways of earning money through live streaming. The method is used by nearly all the steamers in the industry today. The concept is to ask for tips and donations from viewers and subscribers so you can keep on live streaming. The quality of the content has to be excellent, and there needs to be some level of audience engagement to get the donations. If you can convince your viewers of tips and donations, you can start earning from live streaming in no time.
3. Record and Share
One of the best tools hosting services can offer record and share. You can record your live streams and upload them to various social media platforms. Many professional streamers might not earn much from going live, but they can earn if their live sessions are available on other mediums. The best way to do it is by cutting and editing the best parts of your stream and then sharing them on multiple platforms.
4. Brand Endorsement
This method might require some time, but making money from live streams becomes easy once you get a sponsor. In the past, gamers were sponsored by some of the biggest brands in the world, but now they endorse nearly all the famous streamers. You have to produce high-quality and consistent streams for such brands to notice you. Once you develop a following, finding such brands will not be a problem.
5. Selling Merchandise
2022 is set to become the best year for eCommerce, and live streaming will be a massive part of it. If you have some merchandise, you can sell it through live streaming. You will need some marketing and communication skills to convince your audience to buy. You can also create your DIY product and sell it through live streaming. With this method, not only will you earn from streaming but also through selling your merchandise.
Live streaming is here to stay, and it’s only going to get better. By following the above guide, earn money easily and quickly from your live streams in 2022.