Can you really earn a passive online income with live videos? If you’re looking to earn extra greens or build an internet-powered business, then it’s time for you to explore how you can earn in the live streaming world.
How to Earn a Steady but Passive Online Income
With the economy’s unpredictability, many people have been looking into alternative sources of income. Some have invested in stocks, while others took on multiple jobs. Meanwhile, an increasing number of entrepreneurs have taken their businesses online. Live streaming and boosted social media posts have helped them keep their sales performance within healthy numbers.
But, while consistency is important in building an online business, not everyone has the time to create a livable income by regularly producing broadcasts. Can you possibly boost your income online without having to go live every day?
Fortunately, software and tools have made it possible for entrepreneurs, influencers, and content creators to earn from their videos months and even years after uploading them! And you don’t need to slave away in front of the computer editing videos on a daily basis as well.
Repurpose Your Live Stream Video
You don’t really have to produce dozens of live videos a month to build a steady income from them. What you need to do is to go live at least once a week, then repost several three to five-minute clips from one of those broadcast videos.
Doesn’t editing shorter clips mean you need to spend hours on editing? Luckily, not anymore. With the BeLive Video Editor, you’ll be creating videos without the need for fancy and complicated editing tools.
When your live stream ends, you just have to choose the part you want to use then personalize the text and design. The best part? You won’t have to download and reupload your hours-long video on another tool. Once you finish, you just have to download the edited clip and post them on other platforms. With it, you can create shorter forms of video that will contribute to your page monetization.
But remember, in order to quality for monetization, you need to fulfill certain requirements per category. Facebook and YouTube require different things for their Partners Program. Once you’ve set up your page, however, you’ll start earning with each video view you get.
Try Affiliate Marketing
Aside from Facebook or YouTube’s Partner’s Program, you can also try affiliate marketing.
When you become an affiliate for a brand, you are assigned a vanity link to use for endorsement. You then earn a certain amount when a viewer purchases through that unique link.
For example, BeLive’s Partnership Manager Irene Chan, earned $500 in affiliate sales after just two live streams where she recommended products from Shopee, an online shopping site in the Philippines. Check out her experiment here.
With BeLive’s Partner’s Program, each affiliate is assigned a link specifically for them. Whenever someone converts to a paying user through the link, the partner gets a 20% recurring commission. When you share your link on your live stream or posts, interested viewers will help you earn a passive online income by clicking on them.
Monetize on YouTube and Facebook
When you apply for the Partnership Programs for Facebook or YouTube, you need to follow the set terms and conditions per platform for the views to count for monetization.
To qualify for monetization on YouTube, a content creator needs the following over the past 12 months.:
- At least 1,000 subscribers
- At 4,000 watch hours
Once approved, you’ll have access to various monetization methods like:
- Fan funding
- In-stream ads
You also need to reach the following criteria to earn from videos you upload on Facebook:
- Your page must have at least 10,000 followers
- Your page should generate at least 30,000 1-minute views on 3-minute long videos in the last 60 days.
- You must be 18 years old and your country must allow in-stream ads.
- You must follow Facebook’s Partner Monetization Policies
Create a Course with a Subscription Fee
If you’re a coach or have a specialty you want to teach to other people, then creating a webinar course with a subscription fee will bring in dollars even while you work on other things.
Pre-record your webinar, complete with your branding, through BeLive’s Offline Recording Feature. By using this feature, you can add your branding, share your screen, and even if you don’t know how to create graphic images.
Download your videos, then upload them on a subscription site like Uscreen. Then set up a fee whenever someone wants to view your videos. Uscreen has several cool options for video monetization. You can set up and choose the best earning option for your content. Your viewers can do the following to support your videos, like:
- Subscribe to all your content.
- Pay for every video they want to watch.
- Rent your clips for a limited amount of time.
- Purchase video subscription bundles for a one-time fee.
- Get lifetime access.
You can also offer free trials to give people a sneak peek into your videos, then entice them to pay for more access.
Use the Live Sales Link
When you go live to sell your products, you can get sales during the actual broadcast. BeLive’s Live Sales feature allows you to send the link to your product, course, or service directly to the comments section.
Once the live ends, people watching the replay will also find the links in the comments section and click on them if they become interested. You’ll practically be raking in the dough for weeks thanks to just one live selling video.
There are other ways to earn a passive online income. Check out this article to find out how you can earn with your live streams.
Sign up with BeLive and start live streaming to start earning!
Pam Amantiad is a Content Writer in BeLive’s Marketing Team. With a degree in Creative Writing, she has nearly a decade of experience in digital marketing, particularly in content creation as a copywriter and a freelance blog writer. Not contented with producing written outputs, she dove into the world of live video marketing in 2019 and hasn’t left since.