Buzz
Statistics reveal hundreds of thousands of hours are spent watching videos on Facebook daily. What does that mean? It means opportunity. A Deloitte study estimated that revenue from live streaming reached nearly $7.4 billion in 2018, and that number has significantly increased over time. You've probably heard of gamers streaming live videos to earn money through Facebook Gaming. Even if you're not a gamer, you can still make money from livestreams on Facebook with the methods shared in this article.
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Earning Money from Facebook Livestreams
1. Join affiliate marketing programs.
This is the most popular method to make money from Livestreams on Facebook. You can sign up for various affiliate marketing programs and receive affiliate links from them. Then, insert the affiliate links into the video's content description. You can also promote the links by establishing an exclusive partnership with brands and providing unique deals on the linked items.
If viewers use your link to make purchases, you'll earn a commission for each transaction carried out through those links. Brands may have different payment models, as some may pay on a 'per click' basis, while others require a confirmed transaction before commission payout.
2. Run ads on Facebook livestream.
An old but effective method, earning money by promoting others is still viable. Video start and mid-roll ads are not exclusive to mobile apps; they have proven profitable for Facebook livestreamers as well. And the best part is, you don't even need followers to buy anything, as ad revenue is based on the actual number of viewers.
During live streaming, you have the option to insert short ads into real-time videos. After the short ad concludes, viewers will return to your live stream. It's similar to advertising on YouTube, with the added feature that only Facebook users can choose whether to watch the ad or not.
To utilize this feature, you need to meet the following conditions:
- You need to have more than 50,000 followers.
- Over 300 views across all live videos on your page.
- Over 300 concurrent viewers in your current live video to activate ads.
- And you must have a Facebook page.
Check out how to Live Stream on Facebook to broadcast live videos on the Facebook social network.
3. Receive donations from viewers during your livestream session.
Donations are an excellent way for you to earn money from Facebook Live. While this method may not be suitable for everyone, if you create live videos about gaming, DIY, education, or skill teaching, don't overlook this option.
You can embed a Donate button in your livestream, allowing viewers to send you any amount. The usual payment method is through PayPal. Turn your skills and passion into video content that others benefit from, and then receive donations – why not? If you're tech-savvy, you might even receive virtual currency and convert it into real cash.
4. Advertise products on livestreams and secure sponsorships.
You can approach brands and seek sponsorships. By promoting their products and services on your livestream, they may pay you directly. This is the most lucrative revenue source in this list but can be challenging to apply. You'll need a substantial following to collaborate with brands and receive that sponsorship.
5. Livestream Selling.
If you sell products online or own a clothing or food store, you can leverage livestreams to advertise your products and store without incurring marketing costs. Livestream for about 2 hours, boost views and shares by offering some discount deals. Subsequently, you can close a significant number of orders. This is one of the top ways to make money online on Facebook today.
There are various ways for you to earn money through Facebook Livestreams. The first and most crucial requirement is building a community, a Facebook page, and gaining people's trust. Then, you can start streaming live and make money from it. You can also explore more about popular Facebook Livestream Selling Scripts that many individuals and groups are currently applying on the Facebook platform in Vietnam
