I’m an advocate of supporting women who work hard to support their family whether they are entrepreneurs, mums who work from home, or tech-savvy who leverage their skills online. Many of my friends are asking for my advice on how to make a passive income, I am no by means a financial expert but I always believe that in everything that you do whether it is a day job, full-time business, or passive income there is no such thing as little effort to make money.
You need to hustle with strategy, support, consistency, and maintenance to make it work and be successful. Start with good planning and schedule your work.
The good news is with today’s technology innovation, there are many ways to make money from home and one of them is to be a streamer.
Let me share with you what’s up. Hold my Starbucks latte cup, darlings.
First of all, if you have been following my social media platforms back in 2015 you know that I was an active streamer and social media enthusiast. My online platforms have nothing to do with trying to be just “cute” on the camera but in fact, I was monetizing it. I deleted my accounts because I was studying law and I need to sleep. I seriously need to pass my exams or else I will fail.
To be a streamer will give you eye bags but it will be worth it, especially when you see the numbers in your account. So, let me tell you how it works and the difference between YouTube and Twitch.
In order to make money on YouTube, the video creator must have an organic 1,000 subscribers to be eligible to monetize your account through their affiliate program. Once you achieve it, go to YouTube Studio, in the left menu select the content that you want to monetize. Make sure your channel is connected with your AdSense account in order to earn money and get paid for your monetized videos.
If you are a YouTuber with over “1,000 subscribers”, and you connected the AdSense account but you still don’t have revenue that’s because your followers are not organic. You may be eligible for an affiliate program but YouTube is coded by the best developers to protect their platform against robots (fake followers to attempt to monetize a video).
In short, it is all about the organic audience and quality of videos. Therefore, if you want to make real money, don’t be tricky and focus on good content.
Twitch is different from YouTube because you don’t need to be popular in order to monetize your account. There are many ways to generate an income by being a streamer on Twitch.
1) Donations: Twitch users like to support the community so when you stream make sure you enable a donation button on your panel. Donation starts from $5-$1,000 and will be paid via PayPal, Stripe, or a third-party app such as Streamlabs.
2) Brand Partnerships: Companies are looking for Twitch streamers who have good content and offer brand collaboration. You may earn money from affiliate commission or paid sponsorship. How you will be paid depends on the number of factors;
- Number of followers
- Audience segmentation
- Number of stream videos
- Quality of your stream videos
3) Merchandise: If you have solid supporters, consider selling your own merchandise. Think about a dropshipping platform, or if you are selling services promote them on your channel.
4) Affiliate: To make money as a Twitch Affiliate you must have 500 total minutes broadcasted, a minimum of seven unique broadcast days, an average of three concurrent viewers or more, and at least 50 followers.
5) Subscription: Suppose you have stream videos and followers, you can charge them in a subscription. Viewers can subscribe to your channel to unlock exclusive offers such as chat rooms, merchandize discounts, loyalty awards, or anything you can come up with cool stuff to offer to your fans. Monthly subscription starts at $.499, with $9.99 and $24.99 options available on Streamlabs.
Back then I used a different stream username, I was active and engaging. I stream almost every day and my supporters have donated on my birth month so I can set up my gaming desk at home. My Street Fighter arcade fight stick is from a fan in Japan. He donated it and shipped it to Singapore so I can play better in SF.
On Twitch, it does not matter if you are a popular, pro gamer or amateur, if you stream alone or with a squad, or if you look good or not. The strategy to make money on Twitch is to showcase your skills, be nice, be yourself, be consistent, and don’t trash talk other streamers to make yourself look better. There is no support for haters in the Twitch community. So, if you are a newcomer planning to come up with a strong image as an entry and your strategy is to trash talk a popular streamer to get attention, it won’t work. Trash talkers in the Twitch community usually get banned on chat rooms, your account will be reported, and you won’t be supported, so be good!
PREPARATION FOR LIVE STREAM ON TWITCH
I am preparing to stream for two purposes – to promote our tech startup by supporting the startup community who are streamers on Twitch and to play video games live. I am no by means a pro gamer but I have a strong interest in game and tech, so I will give it a shot.
I moved to a new apartment and I purposely didn’t set up the living room so I can use it to create a video. In this photo, I was testing the lights and setting up the software OBS if it will work. I think I need to buy a backdrop so you won’t all see my laundry in the background. Lol
Twitch is not only for video gamers it is also for streamers who want to showcase their talent in singing, playing instrument, giving advice, cooking, and even live chatting! It doesn’t limit your opportunity.
Twitch is a free platform for anyone. You will only purchase third-party apps if you are ready to accept payments such as Streamlabs app.
There are a few options you can try. Personally, I am using OBS (Open Broadcaster Software). You can also use Streamlabs OBS, XSplit, Wirecast, Lighstream and many others. Choose the software that is easy to use so you can focus on creating your content.
Thank you for reading! I will let you know when I will stream soon as I am still setting up my equipment and working on my day job. 🙂