Earning money with shoutouts in the livestream

There are numerous ways to earn money and expand your own audience through Livestreaming. One of the most effective methods is offering Shoutouts for other Livestreamers. In this tutorial, you will learn how to successfully implement this concept to increase your earnings and help others in the streaming community.

Main Insights

• Shoutouts are paid advertisements within your Livestream.
• You can offer different types of Shoutouts, e.g., 10 seconds, 30 seconds, or a collaborative stream.
• Pricing should depend on the number of viewers and your offering.
• A simple online offering, e.g., a Google document, is sufficient to present your offering.
• Advertising your offering in your own Livestreams is crucial for success.

Step-by-Step Guide

Step 1: Understand the Concept of Shoutouts

Shoutouts are a form of paid advertising that you can integrate into your Livestream. It involves giving promotions to other Livestreamers for a certain period. Your viewers are often interested in other content as well and may want to become Livestreamers themselves.

Step 2: Create an Online Offering

To present your Shoutout offering, you can create a simple website or a Google document. In this document, you should clearly and precisely define the types of Shoutouts you offer. For example, you could offer different durations of Shoutouts depending on how much customers are willing to pay.

Step 3: Determine Prices for Your Shoutouts

Pricing is crucial and depends on various factors such as the number of viewers in your Livestream. For a 10-second Shoutout, you could set a price of about 20 euros. The longer the Shoutout, the more you can charge. For a 30-second Shoutout, you could charge around 100 euros, and for a one-minute Shoutout, 250 euros.

Step 4: Consider Collaborative Streams

Another approach is the Collaborative Stream, where you stream together with another Livestreamer and give them regular shoutouts. This type of advertising can help you demand higher prices as it offers more intensive promotion.

Step 5: Promote Your Offering in the Livestream

Once you have created your offering, it is important to actively promote it in your Livestreams. You can address your audience directly and inform them that you offer shoutouts for other Livestreamers. Include both a link to your offering and your contact information so interested parties can reach out to you quickly and easily.

Step 6: Keep Everything Simple and Clear

Make your pricing and offering system simple and appealing. You should provide a brief list of the different types of shoutouts and their prices. After all, your viewers want to know exactly what they are getting for their money. Make sure to also provide your email address so interested buyers can contact you directly.

Step 7: Monetize Every Livestream

You should regularly promote your shoutout offerings. Through continuous promotion, you will find that some viewers are willing to regularly book shoutouts from you. This is an excellent way to monetize every single Livestream by simply integrating some short commercials.

Summary

In this tutorial, you learned how to create and offer shoutouts for other Livestreamers. With a clear concept and thoughtful pricing, you can expand your audience and generate additional income. The key steps are defining your offering clearly, setting prices, and regularly advertising your offering in your Livestreams.