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Untapped Payout Opportunities on Video Streaming Apps: How to Grab it?

Gaurav Kanabar

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Video Streaming Apps

Today many video and audio streaming services follow an ad-supported and freemium model. The majority of United States adults are willing to pay attention to the services. According to Forrester’s research, marketers would be wise to take advantage of the video and audio streaming platform.

Study shows that more than 28% of the United States and 17% of European online adults stream music on their mobile phones or desktop. Only 6% of online adults in the U.S. are willing to pay to access online streaming services. At the same time, only 5% are willing to pay for access to on-demand streaming services. The video streaming platforms offer untapped payout opportunities to end-users.

Make Money Through Live Streaming App: Explore the List Right Away!

YouTube has managed the success of most of the music acts, including The Weeknd, Ed Sheeran, Justin Bieber, etc. Many labels, musicians, and other holders continue to air grievances over the live streaming platform. The company reported paying out around $2.2 billion in rights holder royalties that its ad business. More than 67% of the amount directed at master holders, a disparity exists between the royalty payout and the platform’s profits.

Getting to the point where pretty much gets paid to live-stream people’s energy, time, and indeed, sometimes that will make consumers want to watch you. The streaming platform is getting richer with each passing day, there’re more than 5,000 channels get 75% of viewing time. Twitch has around two million channels, but if you are ready to put in the work into grabbing untapped opportunities.

What is Live Streaming?

Live streaming can simply be termed as the broadcasting of performance over the internet through video. In some terms, it differs from a pre-recorded video in that it can’t be edited. Live streaming is always live, uncensored, and in real-time. A key feature of real-time or live streaming is the presence of live chat to chat room that allows the performers to engage with their audience during streaming directly.

Earlier, YouTube launched 15-second dynamic music line ups and audio ads to increase ad revenue from music. A report by “State of the YouTube Music Economy 3.0” says that it’s time for the music industry to empower itself on the platform fully.

Live Streaming Platform: Check the List to Make Perfect Choice in 2021!

If you want to diversify income streams, monetizing your live streams is another string in your bow. It’s relatively easy. You do not have to travel anywhere or sound engineers or deal with roadies. The streaming platform helps you reach a global audience that also without reading your chair. It’s you and your fans in an intimate setting, and people appreciate the same.

The live streaming platform enables you to perform on your own terms and according to your chosen schedule. If you are at it, stay consistent, play a lot, and be genuine in interaction with fans ensuring to provide you with huge money. Keep in mind that you wouldn’t receive money immediately, but it might take a considerable amount of time. However, it’s certainly better to sit in your desired place and play cat night after night.

Periscope

Periscope - Video Streaming Apps

Periscope is a live streaming app crafted to work directly from your smart device. It had had all the power of Twitter behind it since when Twitter acquitted Periscope before it’s launched in 2015. Users can simply download the app from Google or Apple app store and login using Facebook, Google account, or Twitter.

They also need to allow the app to use the camera, location, and microphone. After completing all the settings, balance your phone, your smart device on the walls and press the “Go Live” button. Once you start with the stream, you can double-tap on the top of the screen to turn the camera around so that the audience can see you and not the wall.

My Song List

My Song List - Video Streaming Apps

It is a fantastic platform for young streamers. My Song List is a relatively young streaming app that has been crafted for musicians; the platform offers users numerous unique features. Most importantly, the audience can easily tip you and can receive money instantly in various ways, including credit card, bank account, or PayPal account.

Just like Periscope, My Song List enables users to stream straight from the phone. Download the live streaming platform from the Apple app store or Google Play Store, create an account, and set up a professional performer profile. Also, choose the right portal and choose to “Go Live”.

Hulu Clone

Hulu Clone - Video Streaming Apps

Easy to use Hulu clone is the best platform for streamers who want to build their career and want to earn more popularity in less time. The platform makes it easier for users to build their profiles and update the same as per their requirements. They can even create their music streaming list as per their convenience that also with few simple steps on the platform.

Twitch

Twitch - Video Streaming Apps

Historically, the app is a live streaming site for gamers and musicians. Nevertheless, the end number of musicians perform on Twitch, and you can also do the same. You can start earning from Twitch, known as “Bits” from viewers; the platform is the best place to get paid out.

Twitch is giant for top streamers as it helps them make a considerable amount. However, the competition is fierce and probably cut-throat wide in a short time. You probably need to have a thick skin and be pretty persistent to make money from the platform.

Streetjelly

Streetjelly - Video Streaming Apps

The platform works much like My Song List. The streaming site is the best option for musicians. Streetjelly supports the community there, and you can even start with earning money immediately through the platform. You will get paid on the PayPal account once you have around $50 worth in your tip jar. You can get awarded “Rocker” pins, which are worth some cash and much like the badges of honor.

Stage It

Stage It - Video Streaming Apps

It’s a live streaming app specially designed for benefiting the musicians. Stage It is an ideal platform for musicians who aim to prepare for, charge for, and present online shows. You are also allowed to sell tickets and perform beforehand. Users need to have a laptop and USB microphone to stream.

You can even use Facebook or Instagram to invite people to grab a large following on the streaming platform. You just need to perform well along with good sound quality to use the Stage It platform.

Concluding It Up

There you have it; all that is left is for you to try it out; the live streaming helps you to make money in no time. Try a couple of platforms that help you make huge money. Try it with other equipment; you can use a USB microphone and try one of the sites that allow you to stream directly from your smartphone. Don’t wait for the right time; you can use a fantastic platform to achieve fame and success for your business.

There are unique opportunities that you can consider to reach more customers. You need to stay calm to make money through the streaming platform. You can try any of the streaming platforms listed above to achieve success. You can even perform on Facebook Live to grab the attention of a vast audience. The platform helps you amplify your music streaming, collaborate with others, and even music on film, TV, and more. Why not try a fantastic live streaming platform right away?

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Gaurav Kanabar is the Founder and CEO of Alphanso Tech, an India-based IT Consulting company that provides development services to individuals as per their specified demand. Besides this, the founder also loves to deliver excellent niche related netflix business model, youtube business model, etc., helping readers to have deep insight into the topic.

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