Twitch streaming is not a new thing. Thousands of new streamers join the platform every month. After building this platform, the CEO noted that their main goal was to create a community where people share live streams of playing games. As of now, Twitch is beyond the gaming space. The users are streaming fitness training, dog care tips, healthy recipes and live kitchen streams. You can find various niches of streamers on the platform. But, how do you make money on Twitch? Our expert has compiled a list of simple ways to make money on Twitch in 2023.
Why should you choose Twitch?
As we step into 2024, Twitch has firmly established itself as the go-to destination for gamers and gaming enthusiasts worldwide. More than just a live streaming platform, Twitch has evolved into a thriving ecosystem where gamers can connect, share, and immerse themselves in a sea of gaming content. With an ever-expanding library of games, interactive features, and a passionate community, Twitch offers an unparalleled experience for both streamers and viewers alike. Whether you're a casual gamer looking to watch your favorite streamers in action or an aspiring content creator seeking to build your own audience, Twitch remains the beating heart of the gaming world in 2023.
How much Twitch streamers make?
Twitch streamers have the potential to make varying amounts of money per month, depending on factors such as popularity, sponsorships, and viewer engagement. Here are some estimates based on available information:
- The cost of a Twitch subscription ranges from roughly $5 to $25 per month, with the money split evenly between streamers and Twitch itself;
- Estimates for 2023 suggest that the top 10 streamers on Twitch could collectively earn more than $35 million;
- At the lower end of the range, streamers with a smaller following or who are starting out can make anywhere from $200 to $1,000 per month;
- Most full-time Twitch streamers have the potential to earn an average of between $3,000 to $6,500 per month, depending on their popularity and sponsorships;
- A "small" streamer on Twitch can earn between $50 and $1,500 per month, with earnings increasing based on the number of subscribers and donations;
Twitch partner system explained
The Twitch Partner system is an exclusive program designed to recognize and support dedicated streamers who are ready to take their streaming journey to the next level. Twitch Partners have access to a range of benefits and opportunities that enable them to build a thriving community and monetize their content.
To become a Twitch Partner, streamers must meet certain eligibility requirements, including maintaining an average viewership of 75 concurrent viewers within the last 30 days. Once accepted into the program, Partners gain access to features such as monetization options, including subscriptions, ads, and donations, as well as priority customer support.
Being a Twitch Partner not only provides financial benefits but also opens doors to collaborations, sponsorships, and networking opportunities. Partners have the chance to showcase their talent, engage with their audience, and potentially earn higher revenue shares through programs like "Partner Plus.
Twitch donations explained in 2023
Twitch donations play a crucial role in supporting streamers and fostering a sense of community on the platform. Donations are a way for viewers to show appreciation for a streamer's content, effort, and entertainment value. Here's an explanation of how Twitch donations work:
Bits: Twitch introduced "Bits," a virtual currency that viewers can purchase and then use to cheer for their favorite streamers during live streams. Streamers receive a portion of the revenue generated by Bits, which can be redeemed for real money;
Donation Platforms: Many streamers utilize third-party donation platforms like Streamlabs or PayPal, enabling viewers to make direct monetary contributions. These platforms provide a secure and convenient way for viewers to express their support.
Alerts and Recognition: When viewers make a donation, a notification typically appears on the stream overlay, accompanied by a personalized message from the donor. This serves as a public acknowledgement of their contribution, creating a sense of connection and gratitude between the streamer and their audience.