Last Updated on August 6, 2022 by
If you are playing video games already, why not consider live streaming as a way to make money? It is not simple to break into the big earners – more than half of the viewing time on Twitch goes to the top 1000 channels – but with over 2,000,000 channels available, you can certainly make a living. It requires dedication to your gaming expertise and a few easy tips that we provide.
Make Sure That You Have the Right Gear
It is worth upgrading your gear. Old equipment that lags will annoy your watchers so look at options like Intel Gaming NUCs for a great setup. Rather than going for the minimum specs, choose ones that are optimal for your audience’s pleasure and engagement. This will provide you with more info on specs.
Essential streaming equipment includes your laptop or PC, webcam, and headset. Video capture equipment and a microphone will enable you to be watched and listened to. You will also need a consistent internet connection. Then all you have to do is to sign up to your preferred platform and play the video game you have selected.
Ask For Donations or Tips from Viewers
By simply adding a ‘donate’ button to your channel, you can start collecting donations from your viewers, even without a subscription. With Twitch, you get paid in its virtual currency, Bits, where a hundred Bits is valued at $1.40. Someone can ‘Cheer’ your channel and select the number of Bits they want to give you. YouTube uses Super Chat for tips. When viewers purchase Super Stickers, you get a percentage of their spending. Members of your audience can also make a tip that allows them to pin a message to your chat window. There are also Facebook streaming options.
All three provide channel member subscriptions if you reach a certain target number of viewers. Subscriptions are made by subscribers to your channel. If you can keep getting new subscribers with great content, this will amount to $2 per subscriber which can add up quickly. Acknowledge donations with a “Shoutout” to your fans. And remember to give the IRS their cut.
Sponsorships and Adverts
The more viewers you have, the more likely it is that a brand will notice you and ask to sponsor your channel. This will give you a banner advertisement at the top of your screen rather than pop-ups that watchers can block with ad-blocking software. Only one brand is allowed to sponsor you.
You can also reach an agreement with a developer to illustrate their latest game via your stream. This is sponsored content rather than advertising.
With Twitch, you can make the most of ads and every hundred subscribers will earn you $250 monthly.
Ads options include pre-roll ads where the viewer has to watch the ad before viewing your content, mid-roll ads that come in the middle of your stream, and thirdly display and overlay ads. The latter is the least intrusive as they are shown above the stream. With mid-roll ads, the stream appears in a small window while the ad consumes the rest of the screen.
Start earning a second income today from live streaming yourself playing video games.
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