How To Make Money By Live Streaming Videos?

Earning money through a live stream on multiple platforms is an excellent idea because several video broadcasting sites exist including Facebook, Twitter, YouTube, and Instagram among others. You can make money through them in multiple ways.

For instance, you can start by seeking sponsors for your video content. More specifically, you can approach local companies for sponsorship. These firms are easily approachable because of their proximity. They also have an interest in associating with an upcoming or a current social media influencer who comes from their local area. Alternatively, you can approach companies that have an interest in the topic you are discussing. A good example is seeking sponsorship from sporting clubs or manufacturers of sporting equipment if your live streams focus on talking to athletes or analysing sporting events.

Earn money by live streaming videos on YouTube

You can make loads of cash by enabling ads or using super chat. Gamers can also earn money through access to sponsorships. For example, you can have ads running before your live stream starts. You can also have advertisements playing during the video broadcast. Another way to do it is to have ads running beside the content of your live stream. However, the first step is earning your money is monetizing your account.

How to monetize your video content?

The eligibility requirements for monetization are 4,000 hours of watched content on your YouTube channel in twelve consecutive months in addition to having 1,000 subscribers. Monetization is only possible if you meet these requirements. Click the creator studio icon on YouTube if you have met them. Then select status and features under the channel icon, and finally, hit the monetization button under enable. Congratulations, you have now monetized the videos on your YouTube Channel. Monetize your video today so you can earn loads of money from live streams. Remember, you can also make money from multiple video streaming sites by seeking sponsors for your website.

Read More: How Can I Go Live on My Website?