A streamer can make money via donations, affiliate programs, sponsorships, and many other income streams. As a streamer, you must dedicate your time and energy to make the maximum cash out of your streaming career.
In this guide, we’ll shed some light on the best practices that you should focus on if you want to maximize your earnings from streaming. So, without any further ado. Let’s dig in!
How to Make Money As a Streamer
As a new content creator, it is really important for you to understand that your income will only increase if you explore various methods to generate money. You can just not rely on donations and platform affiliate programs to earn money. Below we’ll explore different options that would definitely help you increase your revenue as a streamer.
Choose The Right Platform
The journey starts with choosing the right platform. The right platform helps you monetize your content and help you expose yourself to multiple income streams along with the right opportunities to grow.
Different platforms have different kinds of algorithms and different audiences. Thus, it varies from one platform to another to put yourself in the spotlight to maximize your resources.
You must evaluate your future goals and your targeted audience when looking for the best platform to stream.
Below, we’ll help you explore some of the best streaming platforms along with some pro tips that would help you maximize your revenue on these platforms.
Twitch
Twitch always bags the number one spot when it comes to online streaming. There may be multiple reasons for that but here’s the extract of them all; With over 140+ million users, this platform can give you the best exposure.
To make money on Twitch as a streamer, the first thing that you need is Twitch-affiliated status. Twitch only monetizes your content once you complete your path to Twitch affiliate. This guide by GrowthMount has everything you need to know to become a Twitch affiliate.
Kick
Kick is relatively a new platform and it offers get-earning opportunities. Many old streamers have been switching to Kick lately due to their streamer-friendly policies. Kick only takes 5/95 of your earning percentage.
To make money on Kick, you need to join the Kick Creator program. The requirements for the Kick Creator program are down below.
- Reach a total of 75 followers.
- Stream for a total of 5 hours.
Trovo
Trovo isn’t as saturated as Twitch and Kick. The platform is still in its growing phase. There are different options when it comes to making money as a streamer on Trovo.
Trovo has a reward system based on the 500 program. There are different categories and each category has different awarding levels. Your category depends on your previous month’s performance.
Moreover, there is a Trovo Creator partnership program just like the Twitch affiliate program. Below are the requirements to join the Trovo partnership program.
- Must have streamed at least once on Trovo
- Have a minimum of 50 followers.
The Trovo partnership program pays you separately from the 500 program. Just like other platforms, your viewers can subscribe and donate to you once you join the partnership program.
Tips to Maximize Your Earnings As a Streamer
Before we dive into the areas that help you increase your income streams as a streamer, it’s important to know the significance of the quality of your content. It’s recommended to invest in a good quality setup including a microphone, a webcam, and good lighting.
Monetization
Subscriptions, bits, emotes, and ad revenue are the primary sources of income for content creators. Once you have decided on a platform, stick to it and unlock its affiliate or creator program to unlock these features.
Change The Way You Engage
Your audience only starts supporting you once they build an emotional connection with you. As a new content creator, you must try to connect with your audience. Always call any viewer by calling out their names. Start appreciating your audience if they often interact with your streams.
Subscriber Exclusive Content
A subscriber-exclusive chat helps you convert your loyal viewers into your subscribers. You can offer exclusive gifts like drop-loots or any special items there to motivate other viewers to subscribe to you.
Brand Partnerships and Sponsorships
While you’re striving your way up, you must always reach out to different brands for partnerships. Networking is another significant factor that helps you grow. Try associating yourself with people who can help you grow by offering sponsorships and partnerships.
You can always advertise sponsored products, it helps you turn your daily streams into money-generating opportunities.
Launch a Merchandise
Merchandise does not only help you turn your streaming identity into a brand but it also helps you increase your revenue. You can design t-shirts, mugs, pens, bags, and many more products and sell them by promoting them on your streams.
Host Tournaments
Collaborate with like-minded streams to host events and tournaments. They will help you gain better exposure and people will get to know more about you. By organizing such events frequently, you can attract sponsors to support you.
Utilize Social Media Platforms
Social media platforms like Instagram, Facebook, and X can help your brand in so many ways. You can ask your viewers to join you on these social media platforms. In the long run, you’ll develop a separate fan base on social media platforms. It opens up new doors for collaborations and sponsorships.
Start Coaching
If you’re a gaming streamer then you can start your courses or lessons for specific games. You can help your viewers become better players. It will not only help you improve your relationship with your audience but it will help you increase your revenue.
Frequently Asked Questions (FAQs)
How much money does a small streamer make?
A small streamer can make anything between $50 to $2000 per month. It depends on their overall source including average viewers and popularity.
How can a streamer start making money?
Anyone can start making money as a streamer once they join their platform’s creator program. You can monetize your content on every major platform once you’re affiliated with them.
Which streaming platform pays more?
Kick charges are 5/95 of your total revenue. While other streaming platforms like Twitch and Trovo split up 50/50 of the total income. The lower charges may attract you but Twitch compensates that 50% cut with better exposure and broad growing opportunities.
Conclusion
Making money as a streamer is just like making your passion into your profession. It needs your maximum creativity combined with hard work and discipline. By implementing the tips discussed above, you can generate higher revenue out of your streams.
Lastly, your earnings increase along with your popularity. Focus on the bigger picture, keep grinding, keep building new connections, and your hard work will pay off over the time!