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Having a live streaming platform can provide such a positive experience to your community, but creating quality content comes with a lot of hard work and planning, so to help offset those hours you’ve invested, it’s important to build a sustainable monetization model around your content.
Depending on the production quality you’d like to have within your content and the time you plan to dedicate to your streams for creation, editing, hiring a designer for quality media, or investing in streaming equipment, here are a few ways that you can earn revenue and monetize your live streams.
Supporting your platform with recurring paying subscribers
For users who can support your community on a recurring basis, subscriptions are ideal to have a more consistent and sustainable income. As well as benefiting your platform by providing stability and support, subscriptions can also provide value to users.
From subscriptions, users can gain access to unique perks such as:
- Premium content
- Highlighted usernames in chat
- Annual care packages
- Unique achievements
We typically recommend that the value you provide to subscribers is of little to no cost, that way the remainder of the revenue can go into content creation and betterment of the platform.
Collecting stream donations
Direct payments can be a great way to gain support from community members. That being said, not all community members may be able to provide automatically recurring payments to your realm and instead may only be able to pay when they have the means to do so. For these members, having donation options is an ideal solution.
Donation and subscription goals:
These are limited-time targets that set a time period and the number of credits or subscriptions needed to meet the goal. For example:
- A streamer can create a donation goal for charity during their 24 hour stream
- A gaming streamer may want to boost their subscribers and will create a subscription goal to incentivize new subs
Each realm and channel has a shop included where you can create unique donation packages. These packages can allow users to show their support will also gaining access to:
- Poll creation
- Q&A creation
- Creating a highlighted chat message
- Sending a request
You have the ability to create shop products where users can make requests throughout the stream for a cost. The requests will need approval and will all be sent into a queue for you to approve or deny. If you approve the request you’ll accept the donation and if it’s denied, the viewer will be refunded. Requests can be a great engagement and monetization tool and can be things like:
- I want you to plan this song next on the stream
- Next stream, I want you to wear a silly outfit
- Change your background lighting to purple
Integrating sponsored content and affiliates into your live stream
Sponsors can be used to monetize your live stream in Realms.tv by exposing users to products or brands based on the interests of your users. Within your stream, you have the ability to have a brand sponsor:
- The entirety of your video
- For longer streams, you can incorporate ad breaks
- You can use product placement to display brands or products to your users
- You can also create live streams dedicated to product reviews.
Let’s wrap it up
There are many ways to monetize your live stream with Realms.tv and these options are easily customizable depending on the needs of your users and the topic of your realm. Ultimately, when making this decision it is imperative that you include your community in decisions surrounding monetizing your platform. Including users in these decisions can help you determine which advertisers and sponsors to work with, as well as the credit packages and subscriptions you choose to create. Monetization can be challenging, but if you work with your community and adjust your plans as needed based on your dashboard statistics, you’ll be able to maximize the revenue of your platform.
The best part is that you can get started for free with our Free Forever plan. We’re always here for any questions or to offer ideas on how best to use Realms.tv so don’t hesitate to reach out!