If you want to make money with a Twitch channel, you need to have an audience. Building an engaged audience is the key factor that you need to master in order to create an opportunity to earn money through the platform.
To make money, you need to have the attention of people that are willing to exchange their money for something that you can offer.
This may be things like engagement, exposure, information, or something else.
Without an audience, there won’t be any opportunity.
Without the right audience, you won’t be able to earn as much money as you would like.
What are some things that you need to consider?
You need to identify the type of audience that you want to attract and keep engaged on your channel.
The main thing that you need is an audience that has the ability and is willing to spend money with you.
It’s better to have an audience of 100 people that are willing to spend $100 a year with you than to have 1 million people that won’t give you anything.
The key is to build a base of fans or followers that will spend money with you.
How can you make money as a Twitch streamer?
Build a paid subscriber base.
This will help you to earn recurring revenue in your Twitch business model. You simply need to get fans to subscribe monthly, annually to continue earning an income every month.
To get the equivalent of a basic salary, you will need to earn around $3000 every month.
You will need to get 300 or more paid subscriptions to achieve this.
You can ask for donations from your audience to help support you financially. It is irregular. However, you may attract viewers that are happy to donate to you regularly.
Twitch streamers can earn money from pre-roll ads in a similar way to YouTube videos.
The more views of the ads, the more revenue that’s earned.
Partnering with brands to promote their products or services can earn the streamer a fee depending on their target audience and the reach that they have with their audience.
The greater the reach and engagement, the better rates you can command with brands.
Selling your own products or services
Products such as fan merchandise can be created and sold to an audience. Services such as one on one consultancy or fan engagement or meetups are possible as well.
Affiliate links can be promoted to an audience and revenue from the sales can be earned.
Sponsorship deals can be arranged to maintain an income stream for the streamer on their channel.