Live stream earning – Freemium vs. Paid
Whether you choose Freemium or Paid, you can make the most out of live stream earning.
Quicket have written some insightful blogs on the subject.
There are two models for earning a living through live streaming; Freemium or Paid.
Both models have major earning potential, especially during lockdown and the COVID-19 crisis where consumers are eager to support their favourite content creators delivering entertainment.
The ‘Freemium’ model is a concept of receiving donations for your free content.
This system works on a kind of honesty system where you hope people will not be dicks and instead donate money in return for the entertainment you are offering.
It can go two ways; your audience may be prompted to donate generously because it is free or your audience goes the dick route and gobbles up your content gratis.
In order to maximise earning potential, you need to:
- Have a payment collection link clearly visible alongside your content.
- Add a payment QR code to the mix (takes the user straight to the payment page)
These steps take users to the same place, the place that will get you paid, which is vital for earning.
While the freemium model is particularly good for people who need to build their audience, the ‘Paid’ model guarantees your earnings.
Pay it forward
When using the ‘Paid’ model, you are ensuring that no one is watching your stream without paying for access.
But how can you ensure that those who have paid for access don’t send their friends the access link?
This is where Quicket comes in.
As a ticketing platform, Quicket allows you to create an event and enable Hosted Streaming.
Hosted Streaming creates a unique broadcasting channel for your event, the details of which are provided to you, and which you can then enter into your broadcasting software.
Once you’ve plugged your details into OBS (or any other encoding software), when you start streaming, it will stream directly to Quicket.
This means that your stream will only be visible on your Quicket event’s streaming page. And this is only accessible by ticket holders.
And, just because you’re opting for the ‘Paid’ model, doesn’t mean you can’t collect donations as well.
If you enable collections on your Quicket event, a donation button is added to your private streaming page on Quicket, so while people are watching, they can donate while they watch without leaving the page.
Whether you choose Freemium or Paid, there are ways to generate live stream earning.