How do you make money talking about things you love to talk about?
Livestream your ideas.
How do you make money with livestreams?
Make them paid.
How do I get people to pay?
Keep it authentic, original.
How do I get more people to pay?
One thing that separates livestreaming from regular YouTube videos is the engagement – people can chat with you and you can respond in real time. That is what makes livestreams so interesting. It is in vouge today.
When you have paid livestreams, you give a sense of belonging to your users. They are here because they are your loyals. They want to support you. They will follow you where you go. They will pay you for exclusive access.
With exclusive access comes exclusive engagement. Once you get into the groove, you’ll know what your loyal fans want. And you can tailor your content to their specific tastes. On other free content platforms you are usually left guessing. The trolls far out number the loyals – that’s why YouTube comments are a source of constant depression for YouTubers.
A place for your most loyal community. A place of infinite positivity. On the Internet. Did you imagine that?
The immediate next question becomes how to grow your audience. You’re probably doing really well if you have a small number of people paying you something. It’s a big deal. If there exists one person who’s willing to pay you, there will be thousands of such people in the world. How do you reach them?
More like them
Ofcourse there are more like them. But how do you find them. Ask people who are your fans to find them for you. Afterall, they’d be friends with people like themselves.
Talk to them, ask them to suggest their friends to join in. If not, ask them why they wouldn’t recommend your livestreams to their friends – and make your content better.
Once you’ve done the basics, you’re probably ready to grow fast. Let’s add a viral loop to your livestreams.
If a user’s experience becomes better with more number of people joining in, it gives them an incentive to invite their friends.
Minimum Audience Livestream
Introducing Minimum Audience Livestreams on your own app using socionity.com
Here’s how it works.
- You set a date & time when you’ll go live
- You set the price
- You set a minimum number of people who should register for you to go live
Once you launch this, people can install your app and see the upcoming livestream.
If they like it they’ll pay for it and register.
Let’s say you are going to go live on 8th May at 4pm if there are a minimum of 25 people attending the stream. If on 8th May 4pm, only 20 people have paid – that’s less than 25 – the event gets canceled and all the 20 people get their money back.
However, if 25 or more people pay before 8th May – you’d go live and everyone gets to have a great time.
We know no-one likes to talk in an empty room. So we want to help you safe-guard your self-esteem.
Also, people who really want to see you go live will push their friends to join in. And boom! You now have new people like your loyal fans. Hopefully they’ll love your content too and become your loyal. Rinse and Repeat!
This might get tagged under growth hacking, as much as we hate the term. But the truth is this is a small tool we add to your arsenal. The weaponry is still your content. Make that great, tweak it with the tools and build a successful online business on your own terms.
Building a business doing things you love is a privilege, we want to support you to make it possible. We want to enable you as a Freewill Entrepreneur.
Thanks for reading. We write a lot about what we think it takes to build a successful online business in the times of digital media. If you’d like to hear more, you should subscribe. We don’t spam – I promise.