10 Ways Artists Can Dramatically Boost Their Income With Live Streaming      

Making money as an independent artist is not easy. Getting consistently paid from bookings is unlikely early in an artist’s career. The same goes for paid features. The amount artists are paid from streaming services like Spotify is too low for even successful artists to live on alone. But with all the technological advancements, there are other viable options to earn money. Options like Live streaming! 

Thanks in part to the pandemic, live streaming gained massive popularity over recent years. Artists like Tory Lanez hit big with Quarantine Radio. The music webcast series Verzuz also is a good example of how successful live streaming can be.

If you are an independent artist or music professional looking to earn some extra cash, live streaming is for you! Continue reading below to discover the various ways you can earn the big bucks.

Best Ways to Boost Up your Earnings through Live Streaming| Safe Earning Methods

1. Asking for donations 

One of the easiest ways to boost the money you make from streaming is by asking for a donation directly from the audience. 

If your content is worth it, you will be amazed to see that people are appreciating it by sending you a few dollars. 

Platforms like Twitch, Facebook, and YouTube have this feature which one can use. 

2. Brand deals and sponsorships 

People with a large number of followers can opt for this way to boost their money flow. 

There are brands who would like to collaborate, sponsor, or make beneficial agreements so that they can boost their sales for which in return they would pay you. 

To be eligible for it, one needs to be professional and detail-oriented. 

3. Regular payments from the audience 

You may have already tried the above solution, but guess it’s time for some regular payments.

Platforms like youtube have a channel membership program, twitch has a paid subscription program and Facebook comes with a fan subscriptions feature where recurring payment is available. 

All you have to do is meet the eligibility criteria to be a part of the program.

4. Creating pay per view contents 

You can produce live content on any niche and sell tickets to the audience for it. 

Just make sure that you are wise enough to create contents that your audience would like and feel interested in. 

Best Ways to Boost Up your Earnings through Live Streaming (Last 5)

5. Revenue on ads 

It is advertisement revenue that runs half of the internet including platforms like Facebook and Google. 

Once you choose the right type of platform, you would start earning a decent amount of ad money. 

Also know that there are three types of in-stream ads available on platforms like Facebook, youtube, and twitch including pre-ad rolls, mid-ad rolls and display and overlay ads. 

6. Affiliate programs 

Having a membership in an affiliate program can also help you make money from streaming. 

This would take place whenever a viewer would click on the affiliate link that you have offered to make a purchase.

7. Share knowledge 

Live streams can transform into seminars and online classes where you can share knowledge and earn money from the viewers.

By using the right skills and knowledge, make sure to spread the knowledge and expertise to others that the audience may feel is worth watching. 

8. Sell your merchandise 

Merchandising has become vital if you want to earn money through streaming. 

There are platforms that come with advanced tools where you can easily sell your merchandise. 

You can opt for building your own online store and partner with stores to grab opportunities for better results. 

9. Regular payments from third-party platforms 

People may not be interested in joining partnership programs and streaming platforms most of the time. 

This is when you might want to create separate revenue streams so that moving from one platform to another becomes easier. 

Hence, it is possible to make regular payments from third-party platforms like stream elements for one-time donations, Patreon for regular subscriptions, and more. 

10. Running ads during the live stream 

Last but not the least, running ads during the live stream has also become a popular way that can help you boost money-making. 

Platforms like Facebook have created this option where you can take a short break during the live streaming and have an ad played to earn money.