Until the invention of the internet, people watching play video games was something that people mostly did because they were waiting for their turn. It has all changed now, and the popularity of gamers who stream their gameplay is creating a massive industry.
Twitch.tv, which Amazon acquired in 2014 for a cool $970 million in cash, is a massive online community of streamers. It is diverse too, with people streaming wildly popular games like Dota 2 and League of Legends, to more traditional games that have embraced the digital revolution, like chess.
These streams may seem like a lot of fun. Who, after all, would not like to stay at home and play their favorite games all day? However, they are also quite profitable. For example, some of the most successful streamers can attract as many as 2.4 million followers and over 900 million page views.
These numbers may seem rather abstract in isolation, but when you consider that subscribers pay a small fee of $5 to follow a channel, you can imagine just how much revenue some of these people are making.
However, the new digital economy that has sprung up around gaming online not reserved for such straightforward models. A lot of streamers also monetize their time on screen by inviting sponsors. It is a great opportunity for a lot of businesses to reach young people because that tends to be the demographic that is interested in these streams.
Not only that, streamers, if they are successful, will receive free merchandise and products that they are invited to review on the air. The monetary value of these things might be reasonably modest (a component of a gaming computer might not cost that much, for instance), but when the streamer receives them for free, it is great for them.
The possibilities do not end there though. Many streamers will record their shows and put them on sites like YouTube. A lot of the hard work involved in this sort of business is keeping track of all of the numbers.
If you want to start running your online business, but you are not as much of a maths whizz as you’d like. you should check out resources like Training Connection.Training Connection is important because YouTube has a revenue system of its own.
Getting yourself in a position where you can pay is the first step. For this, you will need to go into your settings and enable the monetization of your videos. You will then need to set up an AdSense account. AdSense account will help you start to collect revenue from the ad videos that are played before and sometimes during your videos.
You will be paid at the start of each month relative to how much traffic you managed to drive to your channel and is why views and subscribers are so important.
There are payment thresholds, and if you meet some of them, you will need to submit tax information to YouTube. It can be an immensely profitable business though. One estimate suggests that having a video that is viewed 1,000,000 times will earn you $2000.