4 Ways to Make Money on BIGO LIVE Starting Today
BIGO LIVE has taken the live streaming world by storm, enabling users to showcase their talents and connect with audiences around the globe. If you’re ready to turn your live streaming hobby into a money-making endeavor, you’ve come to the right place.
In this article, we’ll explore the various ways to monetize your BIGO LIVE account, from virtual gifts to becoming an agency, ensuring you have all the knowledge you need to profit from your passion.
Maximize Your Earnings: A Comprehensive Guide on Making Money on BIGO LIVE
1. Virtual Gifts
One of the primary ways to make money on BIGO LIVE is through virtual gifts. Viewers can purchase these gifts using in-app currency (known as diamonds) and send them to their favorite broadcasters. As a broadcaster, you can receive various virtual gifts, such as beans or stickers, which can be converted into diamonds and then exchanged for real money.
To increase the chances of receiving gifts, you need to gain more followers and focus on creating engaging, entertaining, and high-quality content that resonates with your audience.
To attract more viewers to your live streams and grow your audience, you can consider implementing the following strategies:
- Consistency: Maintain a regular streaming schedule so that your audience knows when to expect your broadcasts. Consistency helps build a loyal fan base and keeps viewers engaged.
- Promote your streams: Utilize social media platforms, forums, and other online communities to promote your live streams and announce your streaming schedule.
- Engaging content: Create captivating and unique content that stands out from the competition. Focus on your strengths, talents, or interests to keep your audience entertained and interested.
- Interact with your audience: Engage with viewers through live chat, respond to comments, and ask questions to encourage interaction. Building a strong connection with your audience increases the likelihood of them returning to your future streams.
- Collaborate with other streamers: Partner with other streamers or influencers in your niche to expand your reach and tap into new audiences.
- High-quality production: Invest in good quality audio and video equipment to ensure a professional streaming experience. Clear audio and visuals can make a significant difference in retaining viewers.
- Attention-grabbing titles and thumbnails: Use interesting and relevant titles and thumbnails to grab viewers’ attention and entice them to click on your stream.
2. Become the Official Streamer of BIGO LIVE
To become a successful BIGO Live streamer and maximize your income, the second approach is to sign up as an official streamer and earn a guaranteed base salary. Official streamers operate under a contract, which can be either directly with BIGO Live or through a separate recruitment agency.
As an official streamer, you must achieve a specific monthly target of receiving virtual gifts from viewers in order to qualify for your base salary, which is determined by those targets. Also, to be eligible for the minimum salary, official streamers on BIGO are obligated to broadcast a minimum of 30 hours per month, spread across at least 15 days. This translates to streaming for a minimum of two hours every other day or one hour daily to reach the required 30-hour threshold.
The earning potential for BIGO streamers varies widely, ranging from $150 to $10,000 per month. This income is highly dependent on the number of gift targets achieved within a month’s timeframe. The more gift targets you reach or surpass, the higher your earnings will be, providing a strong incentive for streamers to engage their audience and maximize their gift potential.
3. Affiliate Marketing Opportunities
Besides earning money on BIGO Live through beans and a base salary, you can create an additional income stream via affiliate marketing. Once you have amassed a significant following, you can partner with brands or promote products that you personally enjoy and frequently use in your live streams.
As an affiliate marketer, you will be provided with a unique promo code for your audience. When your viewers use this code during their purchases, they will benefit from a special discount while you earn a commission for every successful transaction.
4. Becoming a BIGO Live Agency
If you want to make money on BIGO Live without going live, you can apply to become a BIGO Live Agency. In this role, you would act as a recruiter, seeking out key opinion leaders (KOLs), artists, celebrities, or even friends who possess both talent and charisma.
As a BIGO Live Agency, you will earn commissions from the hosts (streamers or broadcasters) you introduce to the platform. The more streamers you recruit, the greater your potential rewards. This creates an opportunity to profit from BIGO Live without directly participating in live broadcasts.
In summary, making money on BIGO LIVE involves a combination of engaging content, virtual gifts, and strategic partnerships. By understanding the platform’s monetization options and building a loyal audience, you can turn your live streaming passion into a profitable venture.