The world of business is changing and thanks to the internet, earning money online has become not only easy but also attractive. For all intents and purposes, the internet provides a base for several diversified businesses. Who would have thought a decade ago that one can make money by streaming video games? Well, that’s possible today because of platforms such as Twitch.
The express purpose of this article is to throw insights on how to make money on Twitch.
Before diving deep into the details, let’s first acquaint ourselves with Twitch.
Founded in 2011, Twitch is an online service that enables users to watch as well as stream digital video broadcasts. Not so long ago, Twitch focused on video games and today, it houses streams on artworks, talk shows and many more.
With a user base of more than 2 million every month, Twitch is the go-to platform for all the people who are looking forward to making money by streaming video games and sports. Users can boost up their followers and become Twitch partners or affiliates and avail more benefits.
Let’s now delve into the details.
Here is how to make money on Twitch by streaming video games:
Subscriptions prove to be the most popular way of earning monetary benefits on Twitch. All the Twitch partners and affiliates (users with more than 50 followers) get 50% or more of the subscription amount of either $4.99, $9.99 or $24.99 from their followers every month and the rest is taken by Twitch.
So, what becomes necessary is building a strong follower base to get a partner or affiliate status for your account. As this a technological era, the gaming sector already has enough crowd. You can certainly pull eyeballs.
One of the tips for live sports streaming and gaining popularity is to have a USP. To be at the top, streamers have to come up with their unique selling proposition and stand out of the other lined up streamers.
Bits are animated gifs that users can use alongside a chat message. These bits should be purchased by the users to get the added benefit of embossing visual effects to a streak’s chat. Twitch pays $1 for every 100 bits used in a channel’s chat. This option is, however, only limited to the partners and affiliate streamers of Twitch.
To encourage users to donate through bits, one can vouch for bits contributed by them and make audiences aware of the special chat badges that they are awarded.
3 – Ask for donations via Paypal
Another handsome way of earning money on Twitch is by getting donations from the users via Paypal. By all means, the streamers can ask for donations to help their streams and thus earn more than their normal earnings.
For doing this, the streamers are required to create a PayPal donation link and incorporate the same into the Twitch channel description. This link can also be shared on popular social media platforms such as Facebook, Twitter and so on.
4- Video Ads
Playing video ads in the beginning or middle of the stream can also help the streamers to earn a little cash, if not BIG money. This option is, however, not much popular because of the low income it derives. Twitch pays only $2 per 1000 views. Getting 1000 views is very difficult for the popular streamers too and thus, this cannot be the best option for all the streamers, especially the newer ones.
5- Streamer Sponsorships
Streamers on Twitch can avail monetary benefits by getting sponsorship deals for their channels. Regardless of their partner or affiliate status, streamers can get sponsorship deals. For instance, they can endorse products in their streams and make money out of it. Many streamers endorse video games, fashion labels, food and drinks and so on.
6- Selling channel merchandise.
This option is for popular streamers who have huge follower base. They can design merchandises unique to their channel and sell the same in the Twitch Tee Store. This can be an additional source of income for them.
7 – Premium Streaming
Along with the video game streaming on Twitch, live and premium sports streaming can also be a good way to avail the aforesaid monetary benefits.
To gain popularity and be a unique streamer, one has to consider certain tips for live sports streaming, which will enhance the income through Twitch. Here are a few tips for live sports streaming
- The streamer should focus on the enhancement of the quality of live streaming. He / She must focus on the clarity of the video as well as the frame rate.
- Focusing on the technology as well as the software will also boost up the live streaming quality and grab substantial impressions
- The most important aspect of an online business is marketing. Streamers should market their channels as much as possible using several digital marketing options available to them.
- Live streaming can be made attractive by providing extra highlights.
Multiple monetization options make Twitch and its business model all the more compelling. Get started with Twitch today. Cheers!