Twitch is the biggest streaming platform around the globe. YouTube wants to compete against Twitch, and they are adding new perks for the streamers. The unique feature of YouTube live streaming will be exciting for the platform users. There are specific categories of streamers that like the style of YouTube and the customizable channel system, so that it will be a big update for them.
The feature that can be incentivized - paid membership perks
Twitch has an exciting mode for streamers. They can make money while streaming with paid memberships. Millions of paid members on Twitch pay cash to their favorite streamers to play video games or do other stuff. The same perks are scheduled on YouTube. The developers' team behind YouTube plan to adopt the same strategy and take hundreds of big streamers from Twitch. With the new paid membership system, streamers on YouTube may get a better percentage from the fans (paid members); in that way, YouTube is trying to get more influencers in this space.
How do Twitch streamers make money?
There are a few ways that Twitch streamers can make money. The most common is donations from viewers, but they can also make money through sponsorships, affiliate links, and merchandise sales. Some of the biggest and most popular Twitch streamers make hundreds of thousands of dollars per year from their streams.
Donations from viewers are the most common way Twitch streamers make money. Viewers can donate directly to their favorite streamers using either PayPal or a credit card. Streamers will typically have a donation link on their profile page, and some also have donation buttons on their stream itself. Sponsorships are another significant source of income for Twitch streamers.
How do sponsorships work on Twitch?
Sponsorships on Twitch typically work in one of two ways. First, a streamer will be sponsored by a company or organization directly. This means that the company will pay the streamer a certain amount for each month or year they stream. The second way that sponsorships work is through affiliate links. The streamer will promote a product or service on their channel, and viewers can use a unique link to purchase the product or service. If someone uses the link and makes a purchase, the streamer will receive a commission from the sale. Some of the biggest and most popular Twitch streamers make hundreds of thousands of dollars per year from their streams.