Do you know you can make six figures by just streaming games on Twitch? Yea! It’s very possible. Being paid to do what you love. You could quit your day job you know.
Heard of Tyler Blevins? He is a professional gamer who earns over $5.5 million per year streaming Fortnite and other popular games without having to leave his house.
Just like Tyler, you too can accumulate fortunes through gaming if you so desire. All you need is tips. So, stay glued to your screen as we take you through the variety of ways you can make money on twitch.
What is Twitch?
Twitch is an online gaming platform that allows users to stream video of themselves playing games while followers on the site watch the games. This allows the player (the broadcaster) to earn money in the process.
There are lots of games on Twitch and you can play about any game of your choice and make money.
The platform currently enjoys over 90 million views monthly making its a potential source of making money.
Before you can start making money on Twitch you must have an account on the platform.
How to Set Up a Twitch Account
Setting up a twitch account is free and involves only a few steps. You do not need to invest thousands of dollars to create the ultimate power stream.
You can create twitch channels that stream live gameplay videos, coming to the site from computers or consoles. This will enable viewers to get to see a live video of you as well as hear the commentary you provide through a headset or microphone.
Follow the steps below to launch your Channel
- #1: Visit Twitch .tv and sign up
- #2: Create a username and password
- #3: Enter a valid email
- #5: Click the signup button
- #6: Set up your Profile
Once you’ve signed up successfully, your active becomes active and can technically start to stream.
How to make money on Twitch
After setting up your account and you are ready to start playing and broadcasting games for followers to view, here are a few guides to help your maximize your chance of earning big on the platform.
Firstly, you have to choose a niche. Know what this means? It means you have to choose an identity, like what you want your viewers to know you for. Do you want viewers to tune into your channels for comic relief?
Or, are you game savvy and want viewers to tune into your channel to learn new game tricks and hacks? Ask yourself, what can you offer and what would you rather be known for? Answers to these questions would set you on the right track to making it big on Twitch.
Aside from the videos, you can reach your viewers through other platforms like the chat feature on Twitch. When you start gaining fans on the platform, expect some viewers to hit upon chat rooms with questions. Do well to reply to your fans as this would help you gain more followers.
Also, another determining factor on Twitch is the type of game you choose to play and stream. In fact, this is the major determining factor to your success on Twitch. Twitch has been around for some years and as such, the platform currently enjoys lots of broadcasters which means there would be competition.
So, in order to make money from Twitch, you may need to choose a game with a few broadcasters especially as a beginner and work your way up there with time and consistency.
Having said that, the following contains ways of making money on Twitch
#1. Twitch Affiliate Program
Twitch Affiliate program is a good way of making money off the platform especially for beginners.
To be eligible for the affiliate program, gamers need to have a minimum of 50 followers who must have broadcasted their gaming for a minimum of 7 days.
Before 2018, members on the Affiliate Program made a commission when viewers purchased in-game items or actual games through the channel but that feature is no more broadcasters still make good earnings from the Twitch Affiliate program.
If you don’t have a massive following on twitch but need to make money on the platform, your best bet is seeking donations from your audience. This has to be done if really need money from your viewers.
Some fans would always turn up and make good donations much to your surprise. Expect most for the donations to come in through bits but you could also ask for cash donations.
#3. Buying Bits
Bits are emojis with animation that Twitch users buy from the platform using real money. Then, as you’re playing, those watching your stream can use them inside the chat room associated with your streaming feed to show encouragement or appreciation to you.
Each time a viewer uses a Bit, you receive a penny from Twitch. Each Bit costs the viewer roughly 1.2 cents to 1.4 cents, depending on how many Bits they purchase at a time. Viewers also can earn Bits by watching ads.
#4. Bits Collection
Earning money through bits may not be the fastest way of earning on Twitch but with consistency and increase following, your earnings through Bits would definitely increase.
The most popular gamers may require viewers to donate a certain number of Bits to participate in the chat room.
Additionally, the site tracks which viewers have donated the most Bits to each streamer, showing the rankings. This encourages viewers to donate even more Bits to climb the chart.
#5. Through Promotions
Sponsorship on Twitch is another means of making significant money on the platform. Although this requires a massive following. After years of streaming life games on twitch and gaining a significant following, you can make a good amount of money through direct sponsorship.
When brands see you have a massive following, they would approach you with sponsorship deals. Brands would approach you to display their products on life feeds and you make a significant amount of money.
There are different means of making money through sponsorship, you could choose to wear a T-shirt with a brand logo on it and you get paid for the advert.
#6. Selling Customized Products
This is another means of making money on the platform that is not directly linked to Twitch itself. Therefore it is available to any streamer although this requires massive following like the means described above.
You don’t expect people to buy your products when you are not famous, do you? So to make money through this means, you have got amass so much following and then you are on your way to racking up amazing income.
The best way to sell customized products on Twitch is to set up an online store and then place a link to it on your Twitch page. You can then promote it in your feed and direct your fans to your online store.
Also, manufactures would approach you with offers to sell their products on your page. You are certain to enjoy awesome rewards through this means depending on your bargaining power.
How Does Twitch Pay Streamers?
The standard payout period on Twitch is Net 15. As Affiliate is eligible for payout once their pre-taxed accrued revenue balance reaches $100.
For instance, if your account balance since your last payout is $100 or more at the end of each calendar month, payment would be scheduled for 15 days after the end of that month for the current account balance.
Payout processing time typically takes around 3 – 5 business days. However, weekends and public holidays can increase the amount of time that it takes for you to receive your payout.
Twitch as a streaming platform offers more than pleasure, you can start earning money on the platform If you carefully follow our guide.
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