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6 Steps to Earn Money Through Live Streaming

Earning through live streaming Internet has always been a source of fun, entertainment, and quick access to information. Nowadays, people are using it as a source of generating income as well and driving revenue of millions of dollars. One of the newer ways to make internet use profitable happens to be live streaming. Live streaming takes a lot of time, effort, and energy.
It is not easy to create content that is engaging and interesting too. However, some people earn lots and lots of money through live streaming. You can make money through live streaming with proper research, the right strategy, and professional tools.

If you are looking for the right kind of tools that you can use for live streaming, then visit Melon. If you want to ride on the live streaming bandwagon but aren’t skilled enough to do so, Melon has tools for professional streaming to help out newbies and professionals. Below are six steps that can help you earn money through live streaming. By following these tips properly, you will be able to earn even more than the average amount that streamers get paid.

1. Earn Revenue from Ads

If you choose a reliable streaming platform, you will start receiving a handsome amount of ad money. YouTube, Facebook, and Twitch are the most reliable platforms for generating income through ads.

2. Market Your Products on the Platform

You can market the products you create or are willing to sell via your live streaming sessions. It can either be a physical product or digital. By doing so, you will be able to sell your products and earn more money through it.

Earning through live streaming 3. Find Yourself a Sponsor

Find sponsors for your platform. Though it might not be that easy, and you will have to do a lot of research to find a brand willing to invest in your channel. Once you find one, you will be receiving around $50 on every 1000 views.

4. Use Patreon for Pledges

Another great way to make money through live streaming is to create a Patreon page. Yes, you can use Patreon and ask the other members to deposit money. In return, you can offer these people tiers. For example: add the names of those subscribers in your video who invested $2 on your page.

5. Consider Affiliate Scheme

Becoming an affiliate is another great idea to earn money as a streamer. An affiliate is a person who promotes products or services with a referral code and earns a commission on every sale that is being made through that referral code.

6. Create Pay Per View Content

Sell tickets for your live stream if you want to earn money through your live stream videos. You can use a ticketing service to sell tickets. However, you will have to ensure that the content is engaging and interesting enough for the viewers that they are willing to pay for it.

Live streaming has become a viable source of income for thousands of people worldwide. However, if you want to earn money through live streaming, follow the above-mentioned steps. Also, make sure you use the best live streaming platforms to step up your live streaming game.

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Any facts, figures or references stated here are made by the author & don't reflect the endorsement of iU at all times unless otherwise drafted by official staff at iU. This article was first published here on 4th August 2022.

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