Do you have a hobby that you thoroughly enjoy and regularly take part in? If you have something that you are passionate about – it might be crafts, digital artwork, video games, or something totally unique! – you can likely set up a passive income opportunity through streaming.
Streaming is the real-time broadcasting of content to users across the web. Thanks to platforms like YouTube and Twitch, earning passive income online has been made substantially easier for streamers. What’s more, services such as Patreon can help you build your community of followers to help you earn additional income through art, music, videos, and so on.
Love to play video games? You’re not alone. The video gaming industry has exploded, reaching a value of $135 billion in 2018. And you’d be surprised how many people enjoy watching other gamers play their favorite games. Twitch and YouTube each have a way for streamers to make an impressive passive income through advertisements and donations.
But you don’t have to be a gamer to earn passive income from streams either. These days you can find streamers for crafts, live art, makeup tutorials, music, and even generalized discussions.
Some of Twitch’s biggest streamers make millions of dollars each year on the platform doing what they already love and were going to do anyway!!!
To maximum these passive income streams, if you are considering streaming as a method of interest, consider these tips:
- Have a regular, posted schedule for your streams
- Keep up with trends in the industry
- Engage with your community while streaming, keeping in mind that many viewers watch streamers for their personalities as much as for the content of their streams
- Seek out additional passive income through advertisements, donations and sponsorships
Streaming is one of the best passive income methods because it doesn’t require much to get started. You’ll need a phone, laptop or computer and a decent internet connection. If you’re a gamer, you’ll also need a game console and games. However, if you engage in your hobby regularly – and if you’ve watched streamers in the past or present – you likely already have most of this equipment.