Top 6 Monetization Options for your Gaming Livestream and Content 2021
Top 6 Monetization Options for your Gaming Livestream and Content 2021
Monetizing your LiveStream and Content.
Let's get to it and break this down. Monetizing your live stream and content is not complicated but it wont come without hard work. It's going to depend on the type of audience you have and their preferences. You also need to factor in the type of content you are producing and make your monetization relevant to that content.
Other key factors in monetization are consistency of creating and posting content, self promotion, and setting goals. You want to create a strategy that utilizes more than one source of monetization. Make sure you are promoting yourself and your socials because your marketing and networking skills are going to be just as important as your gaming/streaming skills.
Don't worry about how much $$$money other creators are making because that number is only going to be relevant to them and their audience, content, and dedication to make a living doing what they love. If you're looking at how much $$$money they are making or the content they are creating it's taking your focus off of yourself and what you could be doing.
Here are the top 6 ways to monetize your gaming livestream and content in 2021.
In no particular order.
The Path to Partner: Designed to help you track your progress towards being eligible to apply to the Twitch Partner program.The achievements are as follows: Stream for 25 hours. Stream on 12 different days. Average of 75 viewers (concurrent viewership excluding hosts, raids and embeds).
Subs, Bit donations, Sponsorships. (see #4)
Patreon - Free to get started.
Direct donations, PPV content. (see #2), Access to a patron-only Discord server, Facebook group, or similar, Early access to videos/podcasts/drawings/etc, A shoutout at the end of their next video, A video chat with the creator, Discounts on Merch.
Youtube - You’re limited to just one pre-roll, one mid-roll, and one display or overlay ad per stream. Partner Program (as long as you meet the minimum criteria of at least 1000 subscribers and 4000 hours of watched video).
SuperChats, Channel memberships, Youtube applause, Sponsorships. (see #4)
Streamlabs/Streamelements integration for donations with paypal or OBS software. Merch purchase stream notifications etc.
2. PPV (Pay Per View)
Pay Per View allows your subscribers access to exclusive content and perks.
Content behind a paywall, Patreon. (See #1), Snapchat?, onlyfans.
3. Marketing/ sales funnels/ content funnels. (applies to mostly all monetization.)
Like I mentioned earlier your marketing and networking skills are going to be just as important as your gaming/streaming skills. How you go about marketing yourself could be game changing and set yourself apart from the competition.
Social Media Ads, Google Adsense/Analytics, Audience Funnels, Follow up action after viewing content, Lead capture, Email Marketing.
4. Sponsorships/Promotions - Mention the sponsor, Introduce their product, Share a short personal testimonial. Sponsorships, where your whole streams are sponsored by a brand. Banners and other types of advertisements you can display during your streams or on your channel or profile page on the platform. Sponsored content, like when a game developer pays you to play their game.
Companies like steelseries, G-fuel, secretlab, VPN services, web hosting, cbd oils etc. Brand deals.
5. Affiliate links.
Amazon affiliate links, Streammerch.co StreamGear example, and other affiliate programs. check requirements, availability, profitability etc.
6. Merch.
Use video tools like OBS to create an overlay, Add merch links to the chat for the live stream, Use video tools like OBS to create an overlay, Use QR codes, Talk about it, Add merch links to the chat for the live stream.
Creating custom merch for your audience could become one of the most lucrative monetization options you use. It's one of the best options to start with because you can start selling your merch right away and you don't have to worry about partner or affiliate requirements. Creating your own merch has its pros and cons and can be tricky to get started if you are doing it on your own. You need to buy a domain, host a storefront, find print suppliers, check quality, manage customers and worry about customer service. It could be a lot to handle especially for new creators just starting out. With all that we recommend partnering up with someone who will handle all that for you.
(StreamMerch) Self plug here.
We are offering straight royalties on the sale of your merchandise with zero fees. That means you keep control of your IP while making a percentage of each sale not including taxes and shipping. You don't need to pay to be a part of a “partner” sales program to earn a better percentage or reach a certain sales goal to earn a better percentage. StreamMerch offers an easy no b.s way to get started with your own all access merch store. If we can find a supplier for the type of merch you need we will get it for you.
What would you like to see next for StreamTips? Our next couple of blogs we can get into monetization strategies, facebook ads strategies, and other streaming tips. How to utilize more than one social platform to grow your audience. What's next for content: Youtube Shorts, Shorter videos, and more easily digestible content. Let us know what you would like to dive into!
If we missed anything in Top 6 Monetization Options for your Gaming Livestream and Content 2021 let us know in the comments.