Do you have a vision for creating your own livestreaming platform tailored to a specific niche or passion? Building a proprietary livestream solution can create the community you want on your terms, without ads, algorithms, or limitations of the status quo social media platforms.
In this step-by-step guide, we'll walk you through the essential components and considerations to bring your vision to life.
1. Set Your Objectives and Business Model
Before diving into the technical aspects, identify what you would like to accomplish with your online community, whether it is knowledge sharing, brand building, or facilitating a connection.
Who is your target audience, and what are the opportunities for monetization (if any)? Identifying your audience and knowing their interests and motivations will shape the content and features you offer.
2. Define Core Features
You and your development team should weigh the value of a feature against its engineering effort, and ultimately decide what to include in your platform’s MVP. While the most obvious feature of a livestreaming platform is the video streaming capability in itself, another important consideration are the tradeoffs between low-latency and video quality. What devices and networks will users be streaming from and viewing on? Given the prevalence of mobile users, ensure that your platform is mobile-friendly or build dedicated mobile apps. Decide what you should prioritize and optimize for right out of the gate. Other core features you should consider include user registration, authentication, payment gateways, analytics, and video chat.
3. Differentiate With Something Unexpected
Now comes the fun part. What will set your platform apart? Why will visitors choose to come back to your platform time after time? When it comes to live interaction, the possibilities for creating a sense of immediacy and connection are endless. Consider next-level experiences that incorporate multi-view, crowdsourced video, transcoding, live polling, shoppable video, collaborative drawing, and aerial view breakout groups.
4. Determine Technology Stack and Video Streaming Infrastructure
Evaluate the technologies that suit your project, optimize your use cases, and minimize costs. You'll need a robust backend (on-premise or cloud-based) for data storage and processing, a content delivery network (CDN) for seamless video delivery, and a front-end framework for the user interface. Building a streaming platform also involves managing live and on-demand video content. Consider using WebRTC for low-latency live streaming and tools like FFmpeg for video processing and transcoding. Additionally, as your platform grows, you'll need to handle increased traffic and content, so take into account auto-scaling solutions and load balancing.
5. Formalize Policies and Procedures
Create a safe and welcoming community by implementing robust content moderation tools and guidelines that prevent harassment and inappropriate content. To protect your platform and users, consult with legal experts to ensure that you understand copyright laws and have a clear policy for handling copyrighted content.
Building and launching your own live video platform is a challenging but an exciting endeavor. Our video, HLS, and WebRTC team are here to help you during any step of the process from consulting, cost estimation, and implementation.