A Dozen Ways to Monetize Your Live Stream
We'll bet you didn't know all of them!
As hard as it may seem in your mind, if you try not to overthink it you may find it should be pretty straightforward:
As hard as it may seem in your mind, if you try not to overthink it you may find it should be pretty straightforward:
LET'S GO!
Consider re-purposing some older content into videos, and start creating new videos. Make sure that you link to your own website in the first line of your video descriptions, so you can funnel your newly generated organic traffic to where you want it.
Products you can create include ebooks, apps, art, original music, and any handy craft. Create your products, and add them to a shopping cart. Then use live video to promote them. Add a link to your product in your video’s description, so that viewers can buy.
“Affiliate marketing” means selling products in exchange for a commission. Hundreds of thousands of companies offer all kinds of super cool deals to marketers who promote their products, including huge companies, like Amazon and eBay, as well as the smaller ones.
These networks include Avangate, ClickBank, Commission Junction, and ShareASale.com, even the eBay partner program. Review your affiliate products on video, or create “how to use this product” tutorials. Don’t forget to link to your products in your descriptions – make sure you’re using your affiliate link, or you won’t get credit for sales.
“Affiliate marketing” means selling products in exchange for a commission. Hundreds of thousands of companies offer all kinds of super cool deals to marketers who promote their products, including huge companies, like Amazon and eBay, as well as the smaller ones.
YouTube stars can make a good chunk of change. PewDiePie, despite having lost major advertisement recently, remains numero uno of the highest-paid YouTube stars with $15 million in 2016. It was estimated that he could receive over $13,000 for a week of publications. So, if you have quirky ideas, or are passionate about stuff, you never know, you may be the next YouTube star.
Tutorials are HUGE on the web. If you know how to do something, and you can teach others, you can make money from your videos. Beauty videos are popular. For example, Michelle Phan has over 5.2 million subs and her videos get millions of views in just a couple of weeks. Other ways are to use course building sites such as Udemy, Thinkific, or YesCourse to build a following of students that pay you to teach them things.
YouTube stars can make a good chunk of change. PewDiePie, despite having lost major advertisement recently, remains numero uno of the highest-paid YouTube stars with $15 million in 2016. It was estimated that he could receive over $13,000 for a week of publications. So, if you have quirky ideas, or are passionate about stuff, you never know, you may be the next YouTube star.
Let’s say you have an idea for a product, but you're going to need a little funding to make it happen. Try creating some live videos before you create an investment campaign. The views and comments on your videos will tell you whether your idea is viable in its present form. You may find you need to change directions entirely. Your existing audience can even help you to establish a proof of concept. That way any extra efforts put into getting funding may be more successful.
One hundred HOURS of video are uploaded to YouTube every MINUTE! This means that there’s a huge competition for people’s eyeballs. You need to do everything you can to ensure that your videos get found. “Metadata” is data that gives information about your videos. In its Creator Playbook, Youtube has a lesson on search and discovery using metadata. To maximize your presence in search, promotion, suggested videos and ad-serving, make sure your metadata (your video’s title, tags, and description) are well optimized for the content within.
This may seem kinda strange when you first think of it, but it’s actually one of the best ways to build an engaged following. Some groups made in certain niches are well-suited for subscription fees or for promoting your best products to your follows every now and then. FB groups give you the ability to stay in touch with your best customers as well.
Crowdfunding has become more and more common since the introduction of Kickstarter and Indigogo. It could be a great source of money if you have a great idea for a big media project. Not only could it generate your initial funding it can also help establish an audience and a continuous stream of revenue for your project in the future. A couple of the bigger names are Patreon.com and Ko-Fi.com, among others.
Although I don’t recommend putting your child into forced labor, keep your video camera handy. If you see something cute, video it, and upload the video. (Don’t forget the metadata.) You never know who or what will be the next video sensation. Create that sensation, and you’ll make money. We all know about those cat videos...
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