Many students know firsthand how important it is to have enough money for personal expenses. The cost of education is quite high, as well as renting apartments.
You also need to pay for food and daily expenses, so looking for extra income is a good idea. Surely your parents support you, but their financial resources are limited.
That is why you should consider streaming as a way to make money. But what is it, and what are your next steps as a student? Here’s what you need to know before you start making money.
What is Online Streaming?
Streaming is the continual transmission of audio and video files from a streamer to a viewer. In other words, you must choose a streaming platform, register, set up your equipment, and start streaming for your potential audience.
As a rule, such activity involves the presence of a MAC / PC, laptop, tablet, or smartphone. In addition, you need a device with a camera and microphone to connect directly with your audience.
Streamers show their faces and emotions and communicate with subscribers via text chat and paid messages.
The initial setup of all technical parameters like equalizer, bitrate, and buffering can be quite time-consuming, so you’d better delegate some of your assignments to someone in advance.
However, it is unlikely that you will waste time, so order at least a couple of papers after choosing reliable writing services. But first, you should check the essaypro.com review to know which search criteria are most important to you.
How Do You Make Money From Live Streaming?
Now let’s focus on what ways of earning are available to streamers. You probably want to monetize your talents, so check these ways as soon as possible. Now you have a couple of extra ideas for your streaming career.
Pay Per View/Subscriptions
Such a way of monetizing content is relevant for many streaming websites. Some sites require forced registration and subscription to access content for a certain period. In other words, people need to pay to access live streams or on-demand videos.
The pay-per-view option is also very common when people only pay for e-videos, streams, or files they need. Each monetization method has advantages and depends on the content you create. Some platforms, like Twitch, market subscriptions to support streamers you like.
As a rule, donations make up from 30% to 80% of the total monthly earnings of any modern streamer (except for affiliate contracts). In other words, some people want to support talented streamers; leave them a voice message in an online chat or a question.
Thanks to donations, people can show you their sympathy, share messages, or say hello to someone. There are quite a few streaming platforms with an integrated donation system, so you’re sure to make the right choice.
Run Ads During Your Live Stream
And here is another way to make good money on online streams. Suppose a company has contacted you and asked you to advertise certain products or services. As a rule, you don’t have to advertise anything out loud; you can run ads during your live stream.
Activate pop-up banners or place the brand logo in the right or left corner of the screen. This method of monetization can be quite profitable if your audience is large. In addition, you can earn extra cash if people follow your affiliate links, sign up or buy products.
Many companies are willing to share sales revenue with streamers, so this is your chance to become richer.
This way of making money on streaming is possible only if you become a popular media person. The partnership involves the conclusion of contracts and high earnings.
As a streamer, you will advertise certain companies, appear in commercials, or participate in certain events. Generally, this way of earning is a ticket to the highest yoke and stable income.
Personal Brand Advertising
Becoming a popular streamer can monetize your fame and positive reputation. Sell your merch, advertise your services or brands associated with you. Since your reputation will be positive enough, you can boost sales and earnings.
As a rule, many streamers start by selling t-shirts, baseball caps, mugs, laptop stands, or computer peripherals. You can even sell stickers or bracelets.
Which Streaming Platforms Should a Student Choose?
In general, there is not much difference in which platform you choose. For example, YouTube and Twitch allow you to stream games or launch live rooms to discuss any topic. You can also choose Trovo if you are interested in a gaming streamer career.
And don’t forget Facebook Gaming or Loco as an alternative. All platforms offer similar options in terms of streaming and organizing your content.
Key differences lie in approaches to moderating copyright or streamer behavior.
First, do not forget that you will have to keep your emotions under control. Streamers are prohibited from insulting someone, promoting discrimination against people on any grounds, or inciting ethnic hatred.
That is why you need to practice speaking in advance so that your account is not banned because of a ridiculous joke.
How Fast Can a Young Streamer Start Making Money?
As a rule, you need to gain a certain number of views, subscribers, or time spent on some streaming platform. If you reach the required limits, the platform will unlock the possibility of earning money for you.
However, platforms like Twitch allow you to earn as soon as someone follows you. Therefore, you can also expect to earn approximately $3 for every 1,000 views of your streams.
By the way, donations are available from the moment you register and connect your online wallet, so you won’t have to wait long.
As you can see, students can earn money through online streaming. You need to take into account the key nuances and ways of monetization and choose the platform that is convenient for you.
Look for the most comfortable streaming conditions and expand your audience. Then, when you become relatively popular, you can earn good money. That is why you should start the path to your goal right now!