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Best apps to make money live streaming in 2022
Posted on January 25, 2022
The pandemic and its many waves have forced many of us to stay indoors, to spend a third of our waking time on mobile apps, to spend hours and hours online, to consume content in videos, movies, etc. Our quest and appetite for content has led us to discover a whole new category of social apps, where you can interact with multiple people live and in real time. These social live streaming apps have seen unprecedented success over the past two years when people were confined to their homes, and now, as people are back on the streets, the popularity has not faded. In fact, live streamers and apps created a buzz in the western world, and in no time Indian streamers picked up the pace as well. Live streaming has become a full-time job for some millennials, and people are also pursuing it as a part-time job, generating millions of views and millions of rupees every month. According to the report published by Research Dive, the global video streaming software market is expected to generate a revenue of $19,537.1 million by 2027, growing exponentially at a CAGR of 20.4% during the forecast period 2020-2027.
The growth of live streaming is further supported by people’s increasing preference for live streaming on social posts, growing adoption of smartphones coupled with faster internet, rising popularity of e-sports and video games , and an opportunity to earn from the comfort of your own home. Here we list the top 5 apps that help creators make a fortune:
1. Eloelo – Creators on Eloelo earn through their livestream sessions where they interact with their viewers and subscribers by hosting local Indian games, which helps them generate elo coins, which can then be converted into real money. Creators need to improve their accounts by streaming daily and slowly building a community in order to generate revenue from their stream. Creators on Eloelo generate income from Rs. 2000 every month through virtual gifts sent by their fans.
Eloelo is a creator-driven social gaming and live streaming platform that was launched in 2020 by Saurabh Pandey and Akshay Dubey. Eloelo is an Indianized version of the American live streaming app Twitch that combines live streaming with very local social games in India, such as Tambola, Tol Mol Ke Bol, Chidiya Udd, etc. All live sessions on the app are in local Indian languages, and the creators host from the comfort of their homes, digitally recreating a TV-like experience for their fans and subscribers. The app hosts over 50,000 live streams every month with a daily engagement time of 30 minutes per user. The app recently surpassed 2 million users within a year, making the local app one of the most popular among young Indians.
2.Uplive-Uplive is another popular Indian app that allows users to live and interact with strangers. It operates on the same business model where engaging content and community building go hand in hand. Creators on Uplive generate hundreds of thousands of rupees every month, where the platform sends regular monthly income to its top creators, and fans also contribute through virtual gifts and likes. Influencers on the platform earn on average between $200 and $1,800 per month from live streams.
Uplive is a leader in the live social market and has grown its registered users by 90%, from 121 million at the end of 2019 to 230 million in June 2021.
3. Youtube– Youtubers are the new celebrities. People have made a fortune by posting YouTube videos. However, few creators have cracked the code and risen to the top of the YouTube world by streaming live games, reactions, discussions, and more. Youtube helps creators monetize their channels through ad revenue, channel subscriptions, super chats, and super stickers. , channel subscriptions, merchandising shelves, and YouTube Premium revenue.
4. Contraction – Twitch is a live streaming platform that allows gamers to actively participate in gameplay posted by streamers. It also gives room for lifestyle roulette shows. Streamers create channels, publish video games and get followers and views. Users enjoy having fun during games and learn creative gaming skills through the performance of streamers. As a result, twitch has become the most popular streaming platform in the world.
Twitch creates a variety of monetized opportunities to perform. Streamers make a living from revenue and commissions generated from sponsorship, affiliate links, donations, subscriptions, partner programs, and more.
5. Loco TV – Loco Tv is the hub for Indian gamers and esports competitions. It is an Indian version of the Twitch we mentioned earlier. Top Indian players such as Jonathan Gaming, Snax and others are streaming live daily on Loco TV. Additionally, creators and viewers can generate revenue through Loco by playing simple real-time quizzes hosted by streamers during the broadcast.
Since June 2020, Loco’s monthly active viewers have increased 6x, monthly active streamers have increased 10x, and live viewing hours have increased 48x. Currently, highly active users spend approximately 1 hour per day on Loco, making it the go-to choice for the Indian gaming community.
