Are you a game freak? Have you ever wondered how to make money off your hobby? There are a number of ways to make money through gaming and yes many people have accumulated fortunes through gaming and yes gain, you too can make money while gaming. How do I go about this one might enquire; as you read on you would learn proven hacks on how to make money on Twitch.
Twitch is an online gaming platform you can earn money from while playing games. There are lots of games on the platform and you can play about any game of your choice and make money in the process. The platform currently enjoys over 90 million views monthly making it potential source of making money.
What is Twitch? Incase you are coming across the name Twitch for the first time, well, you don’t need worry because this post contains all you need to know about the platform as well as how to make money on Twitch.
In a nutshell, Twitch is an online gaming platform that allows users stream video of themselves playing games while followers on the site watch the games. This allows the player (the broadcaster) earn money in the process.
Note that you earn money on Twitch as the player and not the viewer.
Setting Up a Twitch Account…
How to sign up on Twitch – setting up a twitch account is quite easy and involves only a few steps. Users can create channels that stream live game play videos, coming to the site from computers or consoles so that when playing and streaming live games, viewers get to see a live video of you as well as hear the commentary you provide through a headset or microphone.
You can choose between feeding your viewers with comics as commentary or providing serious commentary to serve as guide to viewers who want to learn from you.
The three major components of a Twitch channel include – The game, a webcam and commentary. You can visit the platform later to learn more about Twitch but for now let’s proceed on how to make money on Twitch.
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 guide 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 a 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 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 up on chat rooms with questions. Do well to reply 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 amassed a minimum of 50 followers 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, nonetheless, broadcasters still make good earnings from the Twitch Affiliate program.
2) Other Means
There are others means of earning money on the platform for people who don’t have massive following, fortunately, you do have some other options to start making money. If you’re successful at growing your followers over time, you may be able to start raking in the kind of money that allows you to game full time.
Some means of making money on twitch aside the Partnership or affiliate program include –
I) Donations –
If you don’t have 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 making good donations much to your surprise. Expect most for the donations to come in through bits but you could also ask for cash donations.
II) 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.
Also Read: 5 Easy Ways to Make Money from TikTok
II) 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.
III) Through Promotions –
Sponsorship on Twitch is another means of making significant money on the platform. Although this requires massive following. After years of streaming life games on twitch and gaining significant following, you can make 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 significant amount of money in the process.
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 advert.
IV) 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.
Twitch as a streaming platform offers more than pleasure, you can start earning money on the platform through the means described above. For questions and comments please use the comment box below.