How to make money live streaming on facebook
8 Ways to Make Money on Facebook Live? (2022)
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Are you a live streamer and need to make money on Facebook live? If you are interested in the topic, continue reading.
The year 2017 saw a boom in the live video industry. Once only confined to television news, sports, and shows, but today we can go live at any time. Regardless of the viewers, anyone with a Facebook account can record their live video at any place and talk on a topic.
Other than the fun factor, what really attracts people to live videos is the opportunity to earn potential income. When someone comes on television, they’re paid royalties or a lump sum by the broadcaster. However, with Facebook and other social media platforms offering a live video feature, the earnings come a bit differently.
How to Make Money on Facebook Live?
To help out those interested in earning through Facebook Live, below are a few tips and ways to get started:
Total Time: 7 days
Using Facebook In-Stream Ads For Live
Facebook itself has recently announced that it would start paying its users to go live. And this new feature is called Ad Breaks.
Within these videos, Facebook would place its own paid advertisements. The users running these live videos would get around 55% of the revenue from these advertisements.
Initially, only media companies, celebrities, and known online personalities could earn through Facebook directly. This limited group now is much broader. Those who are qualified enough would get notifications to go live and get paid from Facebook itself.
This is essentially the same offer that YouTube has been offering its users for quite some time now. Since Facebook has risen to a level of rivalry in the video area with YouTube, this next step of ad placement seems logical. Going live on YouTube was the platform’s main unique selling point, which is no longer special.
For joining the Facebook In-Stream ads program, you need to be 18 years old or up, and you must live in a country where in-stream ads are enabled.
Paid Partnership With Brands
If you have a large enough audience, you just might be a social media influencer.
This could prompt companies and organizations to contact you for indirect advertising within your video. If many people tune in to see you and what you have to offer, some ventures may even sponsor your videos. They could then get a shout-out at the beginning, end, or even the middle of the live stream.
For example, you could be going live to showcase your cooking. If you’re famous enough, some brands like Pillsbury or Betty Crocker could pay you to use their products in front of your audience. This is an excellent advertising opportunity for them and a lucrative one for you. Additionally, the free sample and supplies will likely make your fixed costs (for baking supplies, etc.) go down quite a bit.
Attract More Followers/Viewers
Whether you’re getting paychecks from Facebook or from other parties, the bottom line is you need followers. There are several services online which allow you to actually buy followers, but the most valuable audience is an organic one.
If your organic reach is extensive, you basically have it made.
A few tips on how to attract as large an audience as possible are listed below:
Announce your video before going live: If you’re worried that no one would tune into your live stream, announce the time and date on your page well in advance. Keep reminding your followers about the upcoming video, and encourage them to share and like your reminders. Give another special reminder an hour before you go live and another about five minutes before starting.
Don’t go overboard: There’s a chance of turning off your viewers if you sound a bit too eager. Flooding people’s newsfeeds with the same reminder would make them irritated. Additionally, don’t make promises you can’t keep. If you promise a whole hour of excitement, that’s a really tall order. It’s better to keep things simple, engaging, and relatable.
Write a description: If you write a fascinating description of what viewers would see in your video, that’s a plus point.
You can edit the description after your broadcast in case you want to give additional information.
Figure out the best time: Someone who seeks to earn from Facebook Live should keep an eye on the number of viewers. If they see that the viewers at a certain time are more prominent in number, influence, or activity, this is valuable information. They should then try to go live at the best time to gain more influence and hence earn more.
Engage With Your Audience
Don’t just settle for having a lot of viewers and/or followers. If you see you have quite a few ‘eyeballs’ indicating the number of viewers, ask them to say hello in the comments. Or encourage questions, give exciting answers, or even hold a Q&A session.
At the end of the broadcast, recap the whole video to let the stragglers catch up. It’s a good idea to do a recap halfway and three-quarters into the broadcast as well. It’s also good to have a friendly, relaxed atmosphere.
Most people are on social media to take a break from their schedules. So it’s good to give them what they want in the best manner possible.
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Focus on Content
If you don’t have good quality content, chances are you won’t be able to attract many followers. This could put a severe damper on your dreams of earning from Facebook Live. Hence, your content needs a unique point to attract viewers and consistent and high quality. It doesn’t matter if the content is funny; you may find yourself losing viewers due to something crass or politically incorrect.
One should also make sure to take just the right amount of time. A short video might leave viewers hungry for more and more likely to tune in next time. However, a long video has more chances of attracting more viewers. Nevertheless, one should see when viewers start tapering off and wrap things up before boredom sets in.
Affiliate Links
If you are a gaming streamer, you may be using a powerful PC to play your games.
Also, your viewers might be interested in the gaming PC specifications. What you can do is, sign up for the Amazon affiliate program, create affiliate links, paste them inside the description.
When someone clicks on your affiliate link, purchases a product, you will earn a small commission. You can withdraw the commission to your bank account when you reach the minimum payment threshold set by the eCommerce company. You can also pin your affiliate links inside the comments for maximum viewability.
Promote Other Channels
YouTube can be a good source of income for content creators. With some software like Streamlabs, you can go live on YouTube. From there, you can accept payments/donations in the form of super chat. When you go live on Facebook, mention your YouTube channel in the stream.
You can add the channel link in the description or as a pinned comment. People would love to subscribe to your YouTube channel and enjoy quality content. This way, you can have more subscribers, more revenue from Facebook and also YouTube.
Facebook Stars
If you are a game developer/creator, Facebook recognizes your effort and helps you make money from the live stream.
To stream your Gaming videos on Facebook, you will have to join the Facebook Gaming Creator Program. Once you become a Gaming Creator, you can stream videos and build community pages around your love games. To help these emerging Gaming Creators, Facebook has its own Level Up Program, opening up the opportunity for earning money.
Facebook fans can support their favourite Gamers by sending virtual goods. Facebook has its own virtual currency called Stars. Facebook Users can buy these Facebook Stars and send them to their favourite game creators.
Gaming Creators who are eligible to receive these stars should first set up their payment account. You can do this by visiting your Streamer Dashboard. Here you can check the number of stars you have received.
However, to note, each star is equivalent to $0.01. Therefore to earn a reasonable sum of $1000 per month, you need 100,000 stars every month.
Supply:
- Audience
Tools:
- Facebook Account
Frequently Asked Questions
Here are some of the frequently asked questions regarding Facebook live video monetization.
How Much Money Can We Make Through Facebook Live?
Well, it depends on your viewers and the monetization method you use. For example, if you plan to make money through Facebook stars, you will earn money when someone donates stars. On the other hand, if you plan to use affiliate links as the monetization method, you will get a commission when someone purchases an item through the affiliate link.
How to Increase Your Video Views?
You need to publish engaging content on your Facebook page to attract visitors. Plus, you can also pay Facebook to gain more video views, website clicks, page links. Make sure that your Facebook visitors are being converted to subscribers.
Will They Count Paid Views When It Comes to Monetization?
No.
Facebook will never count paid video views when they plan your revenue. You need to get organic views for maximum payment, and you can achieve it by publishing quality content.
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How to Do Affiliate Marketing for Better Revenue?
You can join any affiliate program like ShareASale, Amazon affiliate program, Impact, Commission Junction and get your unique affiliate URLs. If you are streaming any games, you can get gaming console affiliate links and paste them into the video description or comments. Like it, you can also earn affiliate links to gaming monitors, keyboards, mouse and also some GPUs.
So many freelancers are doing it.
How to Make Money with Facebook Stars?
For helping content creators, Facebook got a stars program. One star is equivalent to $0.01. So when someone sends you stars, they will be added to your account. So for earning $100 a month, you need to get 10000 stars a month from your subscribers.
Do You Have to Pay for Facebook Live?
If you are a content creator, there is no fee for going live. But, stable software like Streamlabs is recommended for maximum performance and live handling. On the other hand, if you are a viewer, Facebook live is always free. So, you can view any live video you want. And, of course, you can help the content creator by sending stars or sharing the stream.
Wrapping Up
Earning money through Facebook Live is entirely possible these days. It’s getting more accessible now, but just as with any means of earning, Facebook Live also demands quite a bit of work. One has to promote their videos to get more and more followers and keep working on new and better content. It’s also tough to stay relevant in this game, so one has to remain alerted and remain in the picture at all times.
Note: This is a guest post by Scarlett Erin. If you wish to contribute to BlogHeist, check our guest blogging guidelines.
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Scarlett Erin
Scarlett Erin is an Online Marketer, Blogger, and Academic Advisor. In addition, she also works as an Expert Researcher for assignment help at Assignment star. She likes to spend time in reading her favorite novels.
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How to Make Money with Facebook Live Streams (5 BEST Ways)
You’ve built an engaged community who tunes in your Facebook Live like clockwork.
Now, you may want to take your streams to next level and start cashing in on those views, likes, and hearts.
And we’re here to show you exactly how to do that.
In this guide, we’ll walk you through the 5 ways you can make money with Facebook Live:
- Paid Online Events
- Facebook Stars
- In-stream Ads
- Meta Brand Collaborations Manager
- Subscriptions
Plus, a bonus tip on how you can leverage live streaming by owning your own platform!
Let’s get right into it!
Get To Know Facebook’s Monetization Rules
Before you get started with your live broadcast, it’s important to check your eligibility for Facebook Monetization.
You’ll only unlock the monetization options listed if you have a business page and meet the basic monetization rules on Facebook. Make sure your Facebook Page, Group, or profiles meet the following:
- Community Standards: this means your posts are considered safe (free from graphic violence, nudity, and hate speech).
- Partner Monetization Policies: you’re living in an eligible country and can receive payments. This policy applies at the page level, which means that your page will be judged as a whole.
- Content Monetization Policies: these policies apply at the content level. These are high-level rules that ensure all your content on the page, including Facebook Live streams, are free from sexually explicit content and profanity.
Facebook changes its rules constantly without notifying creators. So, you need to periodically check the most updated guidelines.
To do that, head to Creator Studio and click the Monetization tab on the left.
This page lets you know if you have any violations and which monetization features have been unlocked from your business page. If a feature is available, you can activate it and set it up.
Now, let’s talk about money…
1. Make Money With Paid Online Events
As long as your page meets the Community Standards and you’re in a country where this feature is available, you’re going to be eligible to use Paid Online Events.
When this feature is turned on, you can charge a fee for creating a Facebook Event page where you can host your live stream.
For example, you can host a private Facebook Event where you charge your customers for a live Yoga class with real-time feedback from the instructor.
Paid Online Events are great for:
- Hosting live trainings.
- Creating an online networking event with other influencers.
- Collaborating with other creators for fundraising.
- Engaging with your most loyal followers who want exclusive content.
And speaking of loyal followers, you can give them a more exciting option to support you as a creator…
2. Reach For The Stars With Facebook Stars
With Facebook Stars, viewers can purchase and send stars along with their comments in a live stream.
When fans buy Stars, their comments get highlighted in the stream’s comment section where they can outwardly show their support to you and the rest of the community.
Your audience can send as few as 100 stars ($1.40) or as many as 6,400 stars ($99.99). Facebook pays 1 cent for every star you receive.
This is basically Facebook’s version of Twitch Bits and YouTube’s Super Chat.
Facebook Stars is true to its name because this is an invite-only feature and is reserved for Facebook’s most prominent “stars.” Stars range from famous bloggers to lifestyle influencers to gaming streamers.
If you believe you’re a rising star, you can let Facebook know that you’re interested in having this feature.
Here’s how:
- Go to Creator Studio.
- Click on Monetization.
- Choose Tools and then Stars.
- Click on the “I’m interested” button.
Once you express interest, you have to wait for Facebook to reach out to you and give you access (if Facebook deems you worthy).
While you’re waiting for your Facebook Stars to get aligned, you can earn some income with our next monetization option.
3. How To Earn From In-Stream Ads
In-stream ads are short video or banner ads that are shown before, during, or after your live stream.
In-Stream Ads are excellent for streams that are ad-friendly, like:
- Sports
- Music
- Gaming
- Lifestyle (e.g. travel, food, etc.)
That’s because these types of live video content usually appeal to all audiences on social media, which is why they are considered ad-friendly.
Once you’re eligible, you can keep doing your regular live streaming schedule without adding any extra effort.
You only need to put in-stream ads by default.
There are 3 types of in-stream ads:
- Pre-roll ads: 5 to 15-second video ads played before your stream starts.
- Mid-roll ads: 5 to 15-second video ads played during your stream keep going in a small floating window.
- Image ads: banner ads that appear at any time during the broadcast under your live stream.
Here’s what that looks like:
To be eligible, you need to meet Facebook’s Video-On-Demand (VOD) and Live videos requirements:
- VOD: you’ll need to have 10,000 followers, 600,000 total minutes views in the last 60 days, and have at least 5 active videos.
- Live Video: you’ll need to have a total of 60,000 minutes from live videos in the last 60 days. Plus, 3 out of the 5 active videos need to be previously live videos.
Money from in-stream ads can act as great additional income from your live streams.
Like most ad revenue models, Facebook pays using the CPM (cost per 1000 impressions) method. It’s similar to how you get paid with the ads from your YouTube channel.
Your CPM depends on many factors, including your location, the type of live videos, and when it was published. US-based streamers are estimated to earn between $2 to $5 per CPM.
This means that If your Facebook Live gets around 10,000 views, you’ll get roughly between $20 to $50. It might seem small, but it can quickly add up, especially if you add brand sponsorships into the mix.
Speaking of which…
Partnerships with brands are among the most popular ways for content creators to make money online, even before live streaming became a thing.
If your content is considered safe and great for general audiences like food, travel, and education then brand partnerships can be a good way for you to make more money from your live streams!
Facebook released Meta Brands Collab Manager, which is a “free marketplace to help brands and creators learn more about and connect with each other.
”
As a creator, you can:
- Browse and respond to project briefs from brands you support.
- Submit your portfolio, media kit, and insights from past partnerships.
- Manage everything in one place, from finding new deals and managing existing partnerships to getting customized insights.
You can agree with a brand partner on how you want to promote their product, including mentioning it in your live streams. These posts show up in the newsfeed with the label “Paid Partnership.” Facebook users can click on About this Partnership to learn more about the brand.
To qualify for brand collaborations, you’ll need at least 1000 followers and at least one of the following…
- 15,000 post engagements
- 180,000 minutes of video views
- 30,000 1-minute views for 3-minute videos
….in the last 60 days.
If you meet those requirements, you can set your starting price per project or content. Brands and advertisers will see this when they view your portfolio.
For partnerships to be really lucrative you need to have a big audience and always be networking to get those deals.
It’s hard work but once you score a big project, the payoff could be huge!
That’s why it’s best to have a more reliable revenue stream.
5. Get Recurring Revenue with Facebook’s Subscriptions
The subscription-based model is the holy grail of making money with Facebook Live because it provides creators with a recurring income. Previously called fan subscriptions, Meta has renamed it to Subscriptions.
Facebook Subscriptions charges your fans a monthly recurring fee to access exclusive content. Qualified creators can have the “Subscribe” button on their page. They are great for creators who have:
- A large, active, and engaged following.
- Eager fans who want to have more special access.
- Exclusive live streams that they can add as value for subscribed followers.
You can customize what your subscribers get, such as exclusive live streams, special badges, and discounts to your other paid offerings.
To be eligible for Subscriptions, your Page must have 10,000 followers or 250+ Return Viewers and one of the following…
- 50,000 Post Engagements
- 180,000 Watch Minutes
…in the last 60 days.
Once you meet all the requirements, you’ll be able to set up the monthly subscription fee.
Income from Subscriptions varies greatly and depends on the niche you’re in.
The most popular niche is gaming, where some streamers are earning more money from Facebook than Twitch! Gamers need to qualify for the Level Up program first and have a Gaming Video Creator Page that meets the Level Up criteria.
Once they’re eligible, on average, full-time gaming streamers on Facebook can earn $2750- $5500 per month.
While there are plenty of monetization options for content creators with Facebook Live, the requirements are pretty high. Plus, you have to share the revenue with Facebook.
In fact, Facebook promised to let creators keep 100% of the revenue until June 2023 (except for payments done on iOS Store and Google Play Store).
After that, revenue sharing rules are unclear. Facebook’s algorithms change almost daily, making your livestream income even more unreliable.
The good news is, we have a solution for you…
Have More Control with Your Own Standalone Membership Site
As a creator, you want the money you make from your content to be more stable and within your control. That’s why combining Facebook Live with a membership site is the best monetization model.
This is where we come in.
Uscreen is an all-in-one video monetization tool that lets you build a membership site around the live streamed video content you create.
We give you the same monetization options that Meta provides, like:
- Subscriptions: you can charge a recurring fee (i.e monthly, quarterly, or yearly) for viewers to access your videos.
- Paid Online Events: you can host live events as part of the subscription or charge an additional one-time fee.
But the main difference is that you own your streaming platform.
This means you keep 100% of the profits, forever!
Since the start of the pandemic, live streams on our platform have grown by a whopping 1,468%!
Better still, we’ve helped over 25,000 creators make a living off their content and go on to earn an average of more than $12000 a month!
You can learn more about subscription memberships work and see some great examples from successful creators, across 4 different niches, on the Uscreen platform.
Wrapping It Up
To recap, here are 5 ways to make money with Facebook Live:
- Host paid online events.
- Get donations from Facebook Stars.
- Play in-stream ads.
- Partner with brands.
- Switch on Subscriptions.
Remember that each monetization feature has unique requirements. Check Creator Studio to see which ones you’ve qualified for.
On top of that, you can make use of your Facebook following and take charge of the money you make by launching your own streaming platform with Uscreen.
That way you can earn a reliable income and own your audience!
Start your 14-day free trial today!
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AFK #56. How to make money on live broadcasts. Facebook Live for earning
I could have written this article a few months ago, but I tested different methods, I go live on a weekly basis and I understood the most optimal ways to make money on this. I think they will surprise you, because they usually advise the exact opposite.
Free Facebook/Instagram Targeting Secrets Workshop Coming Soon! Hurry up to register by filling out the form below
The first thing I recommend when going live is not to sell. In the modern world, this sounds colossally stupid, especially considering the topic of today's article. This is due to the fact that live broadcasting is that thin thread that is established between you and the person, as if you are in the same room and communicate live.
This is not a master class, not a webinar, not a landing page, and so on, this is communication. And I recommend building this communication without sales. I had sales of $ 500-1000 on live, but I never offered to buy something. People bought because they saw on my live broadcasts that I didn’t sell anything and came to me as a specialist, they knew that I conduct my business honestly and ethically. I will not argue that there is a live sales strategy, it has a place to be. But if you want to build a relationship, not a one-time sale, then Facebook live is perfect for this.
The second point I have already mentioned is relationships. Facebook live should consist of two components - content and communication. They are 100% necessary. If you only have content, then people will feel like they are at webinars, that is, there are no sales, but there is no communication either. If you only have communication, it means that you are as if in a circle of friends, and this is not the way to build relationships with a potential client.
The content does not have to be about the infobusiness, you can talk about your product or service, it doesn’t matter. You must understand that a person allocates time for you, appreciate it. I have more than 50 people on live, in total this is 50 hours of human time, and it should be appreciated. Even if it is not always possible to answer all questions, communicate anyway, let it be interactive for 3-5 minutes, it's worth it.
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The third point is regularity. It's like a family dinner that you're used to at a certain time. Facebook live is about relationships. In a relationship, regularity is very important, as in anything else. If we are building relationships and want to get a sale, then let's do it regularly on an ongoing basis. I do live shows weekly and only cancel them on two occasions. The first is if holidays fall on these days, the second is if I get sick, and then I try to make at least some post so as not to lose the relationship.
It is these three points that will enable you to sell without selling. The main thing is not to be shy, in Facebook live you don’t invest money like in webinars, you need to have a small audience online. You can use my advice or not, but I have been testing them for several months and I think that relationships are the main thing that we have.
How to Make Money on Facebook or YouTube with Live Streaming - Wave.video Blog: Latest Video Marketing Tips & News
9 min. reading
Can you make money on Facebook or YouTube with a limited budget? Yes, you definitely can - with the help of live broadcasts! Let me share with you how you can use live video to grow your small business and ultimately increase your revenue.
Live streaming as a powerful marketing tool
Decades ago, making money with social media seemed like a pipe dream for businesses and entrepreneurs. The marketing plans included complex and costly activities that could drain the startup's limited resources.
Small business owners end up forgoing marketing and advertising efforts due to lack of budget.
Now social networks have changed this view. With just a few well-structured words and a few clicks, a small business can reach out to a potential global audience. But beyond promotional status or announcements, live streams have become an important and powerful tool in establishing a strong bond between business owners and their customers.
Live streaming has become an important and powerful tool for building a strong bond between business owners and their customers.
Live streaming on Facebook or YouTube helps your business increase revenue and establish itself in the industry in which you operate. This is an effective brand awareness strategy according to Neil Patel, noting that live video has outgrown other forms of video content over the past few years.
So how exactly can you make money with live broadcasts? Let's take a look at what this marketing strategy can do for your business.
Instead of just figuring out how to make money on Facebook or YouTube, live streaming can help you build relationships with your customers.
Building customer relationships
Live streaming on Facebook or YouTube helps your brand become more recognizable to potential customers online, giving your business a face. Knowing that there are real people your customers can see and talk to makes consumers feel better about the company.
The more time you spend on live video, the more your customers will see and appreciate the humanity of your business.
The more time you spend on live video, the better your customers will see and appreciate the humanity of your business.
Faster ROI
Pre-recorded and edited videos take time to create. Yes, they may look better, but in the business world, time is golden. The more time you spend refining your video, the further away you are from your return on investment.
Live broadcasts are different.
When you go live, you can immediately see the impact of this video through the comments, reactions, and real-time reach of . When the live broadcast ends, other people can watch the replay and continue to react and comment.
Also, the fun doesn't end when you finish your stream. You can repurpose one single video to multiple other marketing platforms including:
- Blogs
- YouTube playlist short clips
- Daily stories for Instagram and Facebook
- Clips for Twitter
- Share to social media groups
Don't know how to repurpose videos with sophisticated editing software? Online tools like Wave.video let you edit just one live video into multiple creative clips! The more you repurpose your video, the more likely it is that your investment will return faster.
Increase credibility and build trust
Through the interactivity of live TV, you can find out what your potential customers want in real time.
You then have the opportunity to make changes to your product or service to improve customer satisfaction.
You can turn an irritated customer into a loyal follower by showing them that you are willing to listen, help and improve the quality of the service. Live streaming allows you to show your sincerity effectively and immediately.
Live broadcasting allows you to effectively and immediately demonstrate your sincerity
Remember that one happy customer will recommend your business to two or three others. This is free marketing.
Ways to make money from live streaming
With that said, there are several ways to turn your live streaming on Facebook or YouTube into a source of income. And no, it's not just video monetization.
Here are some ways to make money from your live videos:
Live selling
Online shopping has become a common way to purchase goods. However, static websites deprive shoppers of the customer experience they get when shopping at brick-and-mortar stores.
Live streaming can combine customer service and online shopping with just a few clicks. Small businesses that sell clothing, jewelry, or other products interact with their audience during a live broadcast, answering questions one by one in real time.
That's why BeLive has added Live Shopping to make online shopping easier and more accessible. After all, building a website and setting up an online store system can cost a fortune. This is an investment that small businesses cannot afford.
Live shopping is an easier and more cost-effective alternative to building an Amazon-like site. You just need to upload photos of your product to BeLive Studio, then enter a title, price and description. After you launch the site, you can display it on the screen and talk about products by scrolling through them. Of course, showing the real product on the screen with you is also welcome.
Private Coaching / Consulting
Coaches do not need to be limited to face-to-face sessions with their clients.
They can expand their activities to a more global scale through streaming.
People pay for expertise in certain areas, especially business management, direct sales, marketing, and so on. Aside from more technical topics, personal growth coaching is also quite popular.
Live broadcast for coaches is also not limited to one video. They can cut and edit this video into multiple clips using Wave.video for posting on other platforms. Snippets created after one live stream can be turned into a blog, podcast, or even a special giveaway for the next live stream!
One example of a successful live coaching business is Camera Confidence, run by the amazing Molly Mahoney. Live streaming helped her go from zero sales to a million in just three years!
How did she do it? She went from edited videos to consecutive weekly live streams and the rest is history! Check out her story here !
If you are qualified as a teacher in these areas, here's how to broadcast live on Facebook or YouTube for paying clients.
- Create a private Facebook group with paying members.
- Schedule weekly lives for special classes and even free coaching on your shared page.
- Individual sessions can be conducted via Zoom or similar tools.
- For YouTube: Create a non-public or private stream and share it with your paying customers
Sponsorship, partnerships and affiliate marketing
Youtubers make money not only from watching the videos they publish. They also earn from partnerships and affiliate links.
Live broadcasters partner with companies to promote their products or services in exchange for a fee. They can also earn commissions by sharing affiliate links with viewers. This also works for live broadcasts.
These partnerships are usually offered to powerful people with a large following. Some companies offer to sponsor one or two videos, others enter into a longer-term contract.
The cost of live streaming on Facebook or YouTube
Do you need to invest in sophisticated equipment in order to effectively earn money on live broadcasts? Short answer? No.
The most necessary equipment is a laptop and an Internet connection. It's so easy and practically free to start live streaming, especially if you're streaming live with tools like BeLive.
Since it's a browser-based tool, you just need to log in with your Facebook or YouTube account, upload all your content to Studio2, invite guests if you have any, set the broadcast direction, and start engaging with your audience!
Of course, if you want to give your audience a more polished, professional look, you may need to purchase more equipment. It is entirely up to you whether you want to invest in more expensive equipment. The most common options are to purchase an HD webcam, a better microphone and lighting.
In the meantime, check out this video on how to use Facebook Live to get more customers for your business from the amazing Owen Video!
Don't get hung up on traditional ways to expand your business.
