Live streaming has become one of the most popular ways to share our lives online. From music concerts to sporting events, we all love watching things happen live. But there are many ways to monetize live streams.

Some of them require little effort while others take time and skill to master. We’ve put together a list of some of the best live stream apps and platforms out there today. These are not only great for those who want to make money but also for those who just enjoy sharing their life stories with the world.

What Is Live Streaming?

 

Live streaming is simply broadcasting something happening right now. Whether it’s a concert, sports event, or even a wedding, live streaming allows viewers to watch everything unfold in real-time. And thanks to advances in technology, live streaming is becoming easier and cheaper to do than ever before.

 

Benefits of Live Streaming for Making More Money

 

There are plenty of reasons why live streaming is such a big deal. For starters, it gives us access to amazing experiences that would otherwise cost thousands of dollars to attend. Sports fans get to watch games live, musicians get to perform in front of huge audiences, and anyone can experience a once-in-a-lifetime moment.

But beyond that, live streaming offers a unique way to connect with people around the globe. People can interact with each other and form communities around shared interests. They can meet up in person and hangout virtually. And if you’re good enough, you might even get featured on social media. All of this adds up to a whole lot of potential income opportunities.

What are some ways companies use livestreaming videos to make money?

 

You can make money through live streamings in many ways. Some people are paid directly for their streams, while others use third party platforms like Twitch, YouTube Live and Facebook Live. Depending on the type of stream, the creator might receive a percentage of ad revenue, tips or even donations from fans. In addition, there are affiliate programs where creators can earn commissions based on sales generated by their audience. Finally, there are sponsorships, where companies pay to promote their products during broadcasts.

Paying apps:

 

Many apps pay you yourself for creating content and entertaining their audience. They do this is because you content keeps the audience or cook through their platform and make them money. So, technically, you work as an employee for them, and it is one of the most common strategies apps use to get a wider audiences, higher popularity, and make more business. International, reputable companies and apps are a good way to start. There is a minimum chance to scam and a higher chance of growing while making your pocket money, so why not try?

Ads and sponsored content:

When you start doing live broadcasts, it’s important to understand how advertising works. Brands are willing to pay you to show their ads during your live stream. This is called paid sponsorship. Sponsors want to advertise on platforms where there is a large audience and interaction among the members. In addition, the sponsor wants to make sure that the audience sees their brand logo and product being promoted. If the audience doesn’t trust the person talking about the brand, they won’t buy what he/she is selling.

The key to making money from live broadcasting is to build up a loyal audience. Once you have built a good number of followers, brands will come knocking. Don’t forget that you don’t have to accept every offer. Remember that you are running a business, and you must make decisions based on your goals and objectives.

 

Affiliate work:

When you are an affiliate with one of the big brands, it is more than simply marketing their products and publicising them. You are actually doing something much bigger. Your goal is to help people buy those products, and you get paid for each person you refer. This is called affiliate marketing. Affiliates can sell different types of products, including physical items such as books, DVDs, clothes, electronics, kitchen appliances, furniture, health supplements, beauty products, sports equipment, toys, tools, games, sporting goods, pet food, jewelry, candles, home decor, holiday gifts, and even cars. Some affiliates specialize in selling certain kinds of products, such as clothing or makeup. Others focus on digital products, such as ebooks, software, apps, and video courses. Still others promote services rather than products. For example, some affiliates sell advertising space on their blogs or social media accounts, while others sell web hosting, online design, writing, blogging, and other similar services.

 

The Best Live Streaming Apps and Platforms That Pay You

 

So how exactly can you turn your passion into cash? There are two main options here. First, you could create your own live stream channel and charge viewers directly. Second, you could use one of the many existing live streaming platforms available today. Let’s dive deeper into each option.

 

Bigo Live

Bigo Live is a free platform that lets you broadcast anything live. You can host parties, play games, hold Q&A sessions, and more. Your audience can join in via text, voice calls, and video chats. And you can earn money by selling virtual goods, hosting giveaways, and offering sponsorships.

You can set up your account in minutes and begin broadcasting immediately. Once you’re ready, you can invite your friends and family members to join you. Then, you can choose between three pricing plans: Free, Pro, and Premium. Each plan comes with different features and benefits.

Free Plan

For $9.99 per month, you can broadcast unlimited broadcasts and add up to 10 guests. You can also sell virtual items and sponsor your livestream. Plus, you can upload photos, videos, and files.

Pro Plan

If you’re looking for more flexibility, then the $19.99 monthly fee gets you access to all of the same features as the Free Plan plus additional ones. You can also add up to 50 guests, sell ad space, and offer custom promotions.

Premium Plan

This plan costs $39.99 per month and includes all of the features of the Pro Plan plus extra perks like advanced analytics and a dedicated customer support team.

Twitch

Launched back in 2011, Twitch was originally designed to let gamers stream themselves playing video games. Today, however, it’s used by millions of people across the world for a variety of purposes. You can use Twitch to broadcast yourself doing pretty much anything.

Whether you’re a musician, artist, athlete, comedian, or any other kind of performer, Twitch is a great place to showcase your talents. You can stream live performances, talk shows, lectures, cooking demos, and more. You can even record gameplay footage and post it to your channel.

In addition to being able to broadcast live, Twitch also offers a wide range of tools to help you grow your following. You can promote your channel using Twitch advertising, build a community around your channel, and engage with your followers.

Uplive

Uplive is another popular live streaming platform that lets you broadcast whatever you want. It’s similar to Twitch in that you can broadcast live and interact with your audience. However, unlike Twitch, Uplive focuses primarily on short clips rather than full-length videos.

TikTok Live

TikTok now offers a feature called "Live," where creators can interact directly with their fans. This live feature is similar to Facebook Live and Periscope, allowing creators to broadcast themselves while interacting with their audiences.

Creators must meet certain requirements to qualify for Live: They must have at least 1,000 followers on TikTok; they must have uploaded videos within the last 30 days; and they must have at least 10,000 total video views. After meeting those criteria, creators are eligible to receive virtual gifts from their biggest fans. Those gifts include small items like stickers, GIFs, and emojis.

The gift system works similarly to how Amazon Prime memberships work. Users earn points based on the number of likes, comments, and shares their videos receive, and they're awarded different amounts of points depending on what type of reward they want. For example, a sticker costs 5 points, a GIF costs 15 points, and a sticker pack costs 50 points. Once the creator reaches $100 worth of points, they'll be able to request a payout.

 

Amazon Live

 

Amazon launched Amazon Live in 2017, allowing influencers to create and host live product demos on the site. Customers watching those streams can purchase items featured during the stream. In 2018, Amazon introduced Amazon Influencer Program, a program where influencers can build their brand while earning money from sponsored posts. Now, Amazon is launching Amazon Live for Business, a platform designed specifically for businesses looking to grow their online presence.

Tango

Want to stream video games without having to worry about technical issues? Then look no further than Tango, a free app that allows users to broadcast live gameplay videos directly to Twitch. In addition to being able to record and upload gameplay footage, Tango also gives users tools to manage their channel, including the option to add emotes and stickers to their broadcasts.

The app offers three different tiers of membership, ranging from $3 per month for a basic account to $10 per month for an upgraded premium plan. Basic accounts are limited to five hours of recording time each day and don't allow users to monetize their channels. Premium memberships give users unlimited recording time and access to features like custom backgrounds and a chat system.

Users can choose to charge either through Amazon Payments or PayPal. They can even set up recurring payments to make sure they never run out of funds.

Periscope

The app is a live video sharing app where people stream their lives. Instead of filming it yourself, you just press record and talk about what you're doing. Your audience watches along and comments. If someone likes your content, they can give you "Super Hearts," which you can cash out for actual currency.

Loco TV

The Indian equivalent of Twitch, Loco TV is the home of some of India's biggest names in esports. From League of Legends players to Counter-Strike prodigies, Loco hosts hundreds of live streams every day, bringing together thousands of fans.

With over 500 million Indians watching online videos each month, Loco is now looking beyond gaming to host events like music concerts and comedy skits. With over 3 billion views per month, Loco is one of the most popular sites in India.

 

Eloelo

Eloelo is creator-led social gaming and lives streaming platform that was founded in January 2020 by Saurabh and Akshay Dubee. Launched in February 2020, Eloelo connects people across India through live streams, allowing them to watch and play together. The app is based on the concept of "live streaming", which allows you to connect with friends and family around the world while playing video games together.

In addition to live to stream, Eloelo offers a range of social features likes chat rooms, groups, polls, and challenges. Users can play games from over 200 different categories including board games, card games, trivia quizzes, sports, action, puzzles, strategy, racing, roleplaying, and many others.

The team behind Eloelo consists of seven members, including three cofounders - Saurabh, Akshay, and Rishikesh Singh; along with four software engineers, one data scientist, and one marketing manager.

 

MeMe App

MeMe is an app that lets you live to stream virtually anything from real-life conversations, trending topics, food delicacies, celebrity gossip, etc., while you are walking around town. Your audience grows as you interact with people, and you can cash out whenever you want. Live streaming is free.

 

Conclusion

Live streaming is becoming increasingly popular among people around the world. However, most of those people are not earning anything from their streams. In fact, many of them are losing money because they don't know what to do next. This article provides a comprehensive guide to help you understand how to become successful in live streaming.

 

 

 

 

 

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