Debts to Assets: Let’s build a community! Can you make money from streaming on twitch?

It’s crazy to think that now a days all you need is a games console, TV & a headset and you can get set up streaming on Twitch at the click of a button

I originally got into twitch around 3 / 4 years ago, mainly watching people play games! Then when Fortnite started to break onto the scene I began streaming gameplay! At the time I did this via the twitch app on the Xbox console and without a cam or any thing fancy

I started as it was something to do, and I was already playing the game so I may aswell have seen what would happen when I started streaming

Of course people will think that anyone can just turn on their console and make £100s, £1000s and even more via twitch! But the reality is that is not the case

Let’s start with how you can make money on twitch? I would say the 4 main ways to make money when streaming are as follows

Subscriptions: A member of your community or viewer can opt to sub to your channel this is a direct means of support to the streamer and in most cases the streamer receives a 50/50 split with twitch which equates to about $2.50 per sub in your pocket. These can be bought for yourself personally or you can gift a sub to another viewer

Donations: A viewer can donate to the stream which is usually through a link and is paid to you via PayPal! This can be troublesome as people do chargebacks at times which actually end up costing the streamer! Of course as this is through PayPal there are PayPal fees to deal with

Bits / Cheering: Viewers can purchase a thing called bits, and these can then be used to cheer a streamer! 1 bit = 1 cent! Therefor 100 bit = $1! Theses cost slightly more to the viewer but they do come with the protection that they will not be refunded once donated

Ad Revenue: With all streams on twitch sometimes ads will be shown, if you are a certain level you will receive a payment of revenue from these ads though minor this is an additional income

Now with twitch you do need to hit $100 in revenue before you can receive a payout from twitch and this is then paid the following month direct into your bank account or PayPal depending on method chosen

Can everyone make money on twitch?

Not everyone can make money on twitch, in fact when you first start out you have to work towards affiliate status before you can even apply for a sub badge or too receive bits

In order to achieve the affiliate status at present you need to complete 3 things:

Stream on 12 separate days across a 30 day period

Average of 3.0 viewers across the same 30 day period

Have 50+ followers on your account

I completed my affiliate on boarding back in 2019, just before I gave up on streaming which at the time seemed a good idea! But since then I am back on twitch and I am loving streaming and building a community

Let’s take a look at how it is currently going

Since being back to streaming I have hit $24 income, so I’m about 1/4 of the way to my first payout! Though I have come back to streaming to have fun and build something I’m happy & proud of!

I will say for anyone who wants to get into streaming money should be the last thing you think about! For me the feeling you get when someone starts chatting in the stream and shows interest in your gameplay and you is just incredible to think people are taking time out of the day to spend it with you

I recently had a lovely lady from twitter drop by my stream and subbed, to some that may not mean much, but to me the fact someone used there hard earned money to support you and your passion is amazing

Be sure to enjoy the journey and have fun with it!

Anyway, The money, should I make any is an added bonus! Though it would be nice to get to a monthly payout of $100 which equates to around £70 a month in my own currency, or £840 a year in addiction income just under 10% of the £10,000 per year extra I am wanting to make

What I think is more exciting that the money though is the other stats! I have gone from 0 viewers to 1.2 average viewers with some streams hitting 1.8 – 3 viewer averages!

I have amazed an additional 59 followers which is amazing and has helped me on the road to 250 followers (10 away)

I’ve made a some great friends who I now play with nightly on warzone, I’ve spoke to so many people & had so many good vibes in the chat

Will I be making money in 1 years time?

I personally believe that if I continue to stream consistently, work hard, keep upgrading my set up and stream then I will be able to get to the point of earning $100 a month! I will continue to reinvest anything I do make into the stream to create a better experience for the viewers and those supporting me with this

For the purpose of the blog each month towards the end of the month we’ll do a progress streaming update! We will go over the following stats:

• Average viewers for the past 30 days with a comparison to the month before

• Followers gained & overall follower count

• Subscriber count

• Revenue made

• Hours streamed

We can then see if we are growing, where we need to improve and what we will be doing going forward including any upgrades to the stream we will be making

So, you want to get into streaming?

That’s fantastic! Even if like me you are not in it to be the next TimTheTatMan and making millions of dollars that’s great!

Twitch, and streaming in general is a great way to meet new people, get involved in teams or group of like minded people, and create lasting friendships with people

If you do want to get into streaming, I’ve listed below some of the items I have recently purchased to get my stream started

These are Amazon links and I do make a percentage of each sale should you wish to purchase anything!

Please do bear in mind as well that I currently have the basic version of most items on my setup, but I will be upgrading almost all items as and when the time is right to do so

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Buy Me a Coffee

If your enjoying the content so far you can support me by buying me a coffee This is not mandatory and I never expect anything from you as a reader I love everyone who visits this blog regardless

£3.20

Laptop, Gaming Console or Streaming PC

First things first if you want to stream you will need a way of doing this! As I mentioned before I started by streaming through my Xbox! This is the cheapest way as you do not need to have a huge outlay on a gaming PC or a laptop! However since then I have been back to streaming I invested a small amount (£450) in a refurbished MacBook Pro! Something I would love to upgrade when I can

This is roughly the spec of the one I purchased with 2.9ghz core i7 processor, 750GB HDD, & 8GB of ram this runs Streamlabs OBS & streams perfectly fine

MacBook Pro 2.9ghz

Capture Card

If your paying on console but you want to stream through your laptop or pc so that you can use overlays and effects then you’ll need a capture card

Most people will mention elgato when talking about these and I too looked at the elgato HD60 initially but at a cost of £100+ when starting out this did not sound like value for money!

I instead opted for the Acodot Capture Card after checking out many reviews, videos and just researching the device this seemed to do everything I needed but with a price tag of £29.99! A huge £70+ saving on the elgato!

Acodot Capture Card

Microphone

The last thing I’ve purchased so far is a standalone microphone, I found that the sound quality from the MacBooks built in microphone wasn’t great for streaming and using the headset from the Xbox directly meant I couldn’t mute myself to the rest of my party when talking to chat

I opted for the NJSJ USB mic which comes complete with tripod and pop filter for just over £20, again this is something I can upgrade at a later date

NJSJ Microphone

Ring Light

I have also opted to purchase a ring light as I find that in the evenings my camera is rather dark on the MacBook and I need some additional lighting!

This has only cost me £17 and can be found on amazon! its perfect for streaming, selfies and for the ladies doing make up etc

Ring Light

So over all I’ve spent

• MacBook: £450

• Microphone: £22

• Capture Card: £30

Total: £502

Of course this is not including the games console but this is something I already owned so I wouldn’t count that! And as I mentioned you can stream direct from the console cutting out the need for any of the 3 items I purchased but I wanted to look more professional and use overlays and alerts etc which a PC/ Laptop is needed for

So that’s all it takes to get setup and started on twitch! You can start right away and get on the path to becoming an affiliate

For me from now until the end of the year my goals personally with streaming are:

• To Gain 10 active monthly subs on my channel

• To reach 300 followers (60 away)

• To average 3 Viewers per stream consistently

• To create a discord with all my community as it grows

Over the next 6 months we’ll continue with monthly review and see how we currently match up against these goals, & look at what we are doing to achieve them with new ideas that you could implement into your streams too

If you’ve enjoyed the blog and would like to check out my channel it can be found at http://www.Twitch.tv/Drage162 where I stream most evening 8:30pm – 10:30pm BST

Edit* Upon writing this post the past 2 nights have been incredible in terms of stats and we have hit over 3 average viewers for the past 2 streams! For some this may sound like nothing but it makes me so happy seeing the progression being made

Stay Safe, Stay Positive, Stay Motivated ♥️

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Published by Drage162

Hi Everyone, I’m Jack, I’m 32 from the UK and welcome to my blog Follow my journey as I travel through different stages in life creating a better future for myself and my family Along the way you can take a look at my weight loss progress including how I’m achieving my goals, my weekly reviews & my future plans I’ll take you through my finances! The good, the bad & the ugly as I work to go from £9500 (as of Feb 2021) in debt with no assets to debt free and something to show for myself I have ups and I have downs, days I feel like I can achieve everything and days where I’m not motivated at all but I’ll document that and look to inspire you guys to achieve your goals too Let’s smash 2021 and make it the year we really take control of our lives and set the foundations for an amazing future ♥️

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