Live streaming is emerging as a powerful means for brands, publishers, and other content providers to monetize content in real time. When it comes to live events, audiences now have an expectation that events will be made available virtually. Platforms like Twitch, TikTok, and YouTube have launched influencer culture into the mainstream, making livestreaming a ubiquitous form of content consumption.
According to Technavio, the global livestreaming market will grow to $3.21 billion in 2027 at a compound annual growth rate (CAGR) of 21.2%. With livestreaming set to grow exponentially, opportunities for monetization are boundless.
While ads, subscriptions, and sponsorships are some of the most popular forms to monetize content, there are plenty of possibilities to go beyond a commercial and a paywall.
At Native Frame, here are a few different approaches that we’re excited about for 2024:
Elevate the Fan Experience
Your most loyal fans deserve the best, even if they are joining from hundreds (or thousands) miles away. Offering a virtual VIP tier allows your most valuable fans to access premium experiences online. Create restricted and exclusive virtual rooms where fans can meet & greet pre and post event, ask questions, and pose for group selfies.
Create a Marketplace Platform
An online marketplace brings buyers and sellers together, and acts as a mediator between the parties. For example, Whatnot allows individual sellers to host livestreams and sell their products to a live audience. By building a livestream platform for people to connect and transact in real-time, you can charge a percentage or flat fee for each transaction on your platform.
Host a Shoppable Livestream
In the same vein, any brand or organization can sell their own merchandise with QVC style live shopping shows. Feature special guests, stylists, and experts to provide tips, product demonstrations, and inspiration. Layer clickable product listings, online cart, and checkout directly on the livestream for a seamless viewer and shopper experience.
While most streaming audiences are accustomed to pay-per-view with a one-time fee, pay-per-minute can present an alternative for price sensitive consumers. Unlike most video streaming platforms, Native Frame can authenticate viewership down to the second, allowing for enhanced precision, control, and more flexible pricing structures. For example, you can charge a flat fee which includes a fixed allotment of time. Once the time is exceeded, there is an overage rate for each additional time increment. This allows you to control costs, optimize revenue, and provide viewers with freedom to pay as they watch.
No matter which approach you want to take with livestream monetization, it’s important to offer content that aligns with your brand, your business objectives, and what is meaningful for your audience.