You might have heard about people playing games, live streaming, and earning money out of that. Streaming mediums are available in plenty and it’s hard to choose anyone from those. The most popular especially for Gaming is Twitch. How to make money on Twitch? Earning money is not easy, but is quite easy! We mean that if you are dedicated even with Twitch to earn money than its easy, otherwise it was never easy. Today we are going to see what exactly you need to earn money on Twitch.
These are the possible ways of earning money from Twitch.
- Twitch Subscriptions
- Video Advertisements
- Affiliate Links
- Selling Official Merchandise (Streamer Logo T-Shirts, Caps, etc.)
- Twitch Partner Program
Setting up Twitch
Twitch is just like YouTube where you can easily set up a new channel. The only change is that here you are going to have only streaming, not recorded videos. You can stream to Twitch from an Android, iOS and even from a PC. A single video on Twitch can have two recordings one coming from the webcam while other front the game screen. Along with mixed audio of game sound and commentary.
If you are interested in the broadcasting of any type then you can easily broadcast the computer or consoles or other gaming equipment with the help of added equipment such as a camera, and microphone. Mostly Twitch will be streaming your video 24 x 7.
If you are still not having an account on Twitch then it is quite easy. There is an option to log in via Facebook account or input customized information such as a separate email id, or phone number to log in. Overall process to broadcast do differs as in terms of device used, do have a look at our Twitch Streaming via PC, Streaming via Xbox One, and Streaming via Mobile Phone guide for an in-depth look.
How to make money on Twitch
There are many different types of channels on Twitch, if you are playing you can either send out videos which involve commentary on what’s happening on video and help other people to play the game effectively or send out videos which are having funny commentary about the game and what’s happening there, so people can understand and have a fun watching your videos.
These two types of videos are found on Twitch, you can choose these, or can opt for your own style. At first, you will have to promote your channel and gain followers, typically build your own personal brand on Twitch. On Twitch, there is also a chat room where the subscriber not only can chat with you about the game but can even have a nice chat with you where he/she can easily know more and more about you. This is another way you can improve your audience count.
Another best way to gain more followers is becoming a go – to the streamer, who is going to stream mostly on the latest release of games, this will help you to get a good amount of followers. Most of the demanded channels are playing the same old games which are popular, and people like watching the same. Hence there is more competition in the same.
Monetizing Your Twitch Account
Twitch is mostly a gaming place hence the main revenue of Twitch is from games and game creators. Game creators pay to twitch the amount to promote some of the games. Channels featuring those games are going to get the amount. There are different types of settings which you can change under the Revenue Broadcast dashboard. Here actually you can easily change the count of ads you want to display per hour, the standard setting is three hours.
1. Twitch Subscriptions
For example, Twitch Subscription model uses Paypal for playing to its creators. People pay donations to the streamer as a gratitude. These payments program starts at $4.99, this amount is used for the streamer to purchase gadgets and gears to produce more quality videos.
To become suitable for Twitch Subscriptions you need at least 50 subscribers to your channel. However, you won’t generate good amount from this subscribers count, but this will enable the opportunity to become Partner or Affiliate status. When you become a partner or affiliate you will see a subscribe button on the channel page.
Some streamer opts for direct donation mode. In Twitch subscription model, some amount is going to the Twitch account when a user pays the amount. To avoid the Twitch charges, streamers using direct donation mode, mostly you will see PayPal and Bitcoin donations as payment modes. If you create a PayPal.me link, it is a bit easier to receive the amount from sender. You can add PayPal link directly on your profile page.
3. Video Advertisements
Mostly the revenue on Twitch is converted by two mediums, one is the subscriptions, and the other is video ad just like YouTube. Advertisers pay an amount for playing their advertisements at the beginning and ending of the stream.
When a streamer has thousands of follower to his channel, advertisers directly contact them. In this mode of Twitch earning, Streamer gets exclusive offers from advertisers like products before launch, money and another kind of sponsorships.
5. Affiliate Program
Another thing you can add up is affiliate links in the description with which you can earn more amount. Apart from Twitch monetization and affiliate links, there is another way to earn using Twitch which is Brand and sponsorships offers.
6. Selling Official Merchandise
Once you have got your own brand one can easily start selling one’s own merchandise, this can be done via one’s own website, or can even through the Twitch Partnership Program. Other than that game creators also pay video creators to play games and promote as much as possible via their videos. Another way is getting donations from your viewers on your twitch account.
7. Twitch Partner Program
Once you are up to a level when you can change your gears. Then you can sign up with the Twitch Partner Program. This helps more and more viewers to get to your account, and in the way, you can earn more and more money. By becoming Twitch partners you can even use their merchandise campaigns which will further help you to earn money.
With the partner program, you can even get some premium subscribers who are getting 5$ per month and subscribing to our channel. They get features such as subscriber-only chats, restricted broadcast archives, and even more. If you want to become a Twitch partner you can easily do once you reach the following requirements:
- Concurrent Viewership of 500+
- Regular Broadcast schedule of more than 3 times a week.
- Content that confirms with Twitch’s Terms of Service and DMCA Guidelines.
Emotes and other name Bits are small icons which are used in Chatrooms. It is a premium service offered by streamers to attract audiences. This exclusive emotes are a unique and only purchased person can use them. This is just like a reward for the audience who pay an amount to the streamer. To purchase emotes or Bits you can use Amazon Payments or direct money transfer.
When you are starting with Twitch it is not necessary that you are getting the best of the output. If you use this as your earning, then you will have to account this part even as your earnings, this will help you to save you from tax agency to account for this amount as illegal. Make sure you even account for games you purchase in your office expenses as it is a vital component for your earning.
Getting a plan from a financial advisor is a good thing. If you are earning good enough, then you must plan for one. We hope that you get all the required information that you need before you can start earning from Twitch. Do let us know what do you think about the same, also are you earning any amount with Twitch?