5 of the largest livestreaming platforms for generating revenue today

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Many people enjoy watching live streams because they have the opportunity to not only interact with the creator but also with other viewers. There is a human element to the content creation that is an attractive aspect of livestreaming for many viewers. Livestreaming has grown to be one on the largest online markets for creators and companies to grow and generate revenue. The global influence of social media makes it a powerful way to build relationships with an audience. Companies can livestream from their own channels or use other channels to advertise and establish immediate connection with customers. Influencers are key for many of these organizations to maximize their revenue and reach from livestreaming. Their proximity to viewers allow them to interact in real time with potential customers and promote products either verbally or through written chats. 

Here are 5 of the biggest live streaming apps for generating revenue today:

  1. Twitch. While initially built for gamers, Twitch has grown to be one of the most recognizable names in the world of streaming. Many creators have built huge names for themselves on the platform doing anything from cooking, to music, to playing video games. Depending on how many subscribers they have, streamers can make anywhere from a few dollars a month to thousands.
  2. YouTube Live. YouTube Live has recently become a phenomenal way for streamers to connect with fans because of the platforms already well established place in the world of video streaming. Many people are already active YouTube users and so the livestreaming aspect of the platform is just an added extension to a product that people are already familiar with. Viewers can donate to streamers affording them an income from the live content they produce.
  3. Bigo Live. Founded in 2014, Bigo Live is a powerful live streaming app that allows users to stream and interact with other users. You can earn anywhere from a hundred dollars a month to thousands depending on your content and followers. Bigo Live makes use of audience engaging tools such as stickers and gifts that can later be cashed out by the streamer. 
  4. TikTok Live. As one of the largest social media platforms in the world, TikTok affords creators huge opportunities to connect with new audiences. There are specific guidelines that creators must follow to make money on the stream but their livestream feature still exists as a powerful way to gain revenue due to the sheer amount of people on the platform.
  5. BuzzCast. BuzzCast seeks to establish connection between people through any number of different activities. Broadcasters can receive diamonds from viewers that are then converted to cash. Unlike some of the other streaming services, BuzzCast does not rely on one form of content for creators but rather possesses a huge diversity of popular creation options. 

These 5 streaming services are some of the biggest platforms in the world for generating revenue. However, as the market changes so will the competition. New platforms are being created every year and will afford creators and companies new opportunities to cash in on the world of livestreaming. Generating profit on these apps takes consistency and a dedication to the viewers. Despite this, if done correctly it can be a lucrative form of revenue production.