How To Make Money – 6 Ways To Live Directly And Pay
In this article, we’re going to look at how you can make money with video streaming or, in other words, monetize your live video stream.
1. Run ads
One surefire way to monetize your live video stream is to run ads. There are two types of video ads. In-stream (linear video ads) and display (non-linear video ads). Ads that appear before the video are called linear video ads, while non-linear ads are what viewers watch as they watch the video.
Advertising is a great way to monetize your video content, but it’s hard. You need to run the ad, get the audience to click on it, and at the same time make sure the viewer doesn’t get bored and leave the stream. In addition, major platforms such as Facebook and YouTube have different regulations for video streaming and running ads.
When to run ads – The best time would be when the creator or the person directly linking wanted to take a break. Spend time on the ad correctly – don’t leave viewers hanging in the middle of a sentence!
When you’re running live streams on YouTube, you can run ads in your live video at any time. However, try to let your audience know that a break is coming.
On Facebook, not every video streamer will have a pause option. If your Facebook page has live streaming, the last live video has more than 50,000 followers and over 300 synchronized viewers, so you can pause after 4 minutes.
If you want to maximize revenue from your live video stream, you need to generate traffic to your website or your Facebook page. The more viewers you have, the more viewers you have, so the chances of a change in advertising are higher, which translates into an increase in revenue.
2. Subscriptions / pay per view
Another way to monetize your videos is to get your viewers to buy or pay for your videos. You could have released a teaser to let the audience enjoy what is coming. If viewers want to see more, they need to subscribe to your page or pay for the video. Streaming platforms such as Vimeo Live and IBM Cloud feature built-in subscriptions.
3. Donations and crude funding
A recent study by Deloitte Global found that “donations are also an emerging element of the business model for other live streaming platforms, including the platforms used to run video gameplay.” Many live streams are soliciting donations from their fans and giving them virtual gifts in return.
Crowdfunding is another way to monetize your video stream. Indigogo, Kickstarter and Patriot are some of the popular crowdfunding platforms. You need to create an account on these platforms, develop your project, define your goals, and then promote your project on other projects, so that people can see your project page and contribute to it. ۔
Setting up an affiliate program is a surefire way to monetize your video stream. However, it can take time to set up and the return you expect. The best part is that once you compile it, you can make a lot of money as your video becomes more popular.
You need to connect to affiliate platforms such as Amazon and Flipkart first. You can create videos about products sold on the platform. If you have a video series that focuses on technology, you can choose such a product. For example, a cell phone – you can make a video about the features of the cell phone, shooting hints, best ways to customize the cell phone and much more. At the end of the video, direct viewers to the product page in the affiliate platform. Whenever viewers click on your video and go to the affiliate site, you generate commissions.
If your live stream channel is popular, you can approach the big players in the market with the confidence of bargaining and sponsorship. Brands don’t come forward to sponsor your video stream, you just need to take the first step and approach the right people. However, when you are doing this, make sure you stay within your niche. The theme of your video should match the brand that is sponsoring you.
6. Sell your products
Live videos are a great opportunity to sell subconsciously. For ages, marketers have been using these techniques to sell products and services to their audiences. However, you should remember that selling subconsciously only happens when you have built trust in your audience. Market research shows that when a person has already bought it in his / her social group, a person is more likely to buy his product. That is why influences play a huge role in promotion. However, when you’re playing live video, you don’t have to sell your product directly. Use the product and then casually talk about its features and where anyone can buy it and then go back to the main theme of your video. This can subconsciously motivate viewers to check out the product and buy it.
Live video streaming gives you plenty of scope to discover your hobbies, share your thoughts with your fans, and still make money. To get the most out of your live video streams, you can use a combination of the 6 methods mentioned above. The competition is fierce on the Internet, so you need to work hard to keep your fans focused so that they keep coming back to you. To keep your fans interested, your video content needs to be interesting, useful and clear. Make great videos and follow loyal fans – you can definitely see a return on your investment.
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