Video game streaming has taken off in the past few years, generating an average of over 2 million viewers per day on Twitch alone.
If you are good at playing games and enjoy being in front of the camera then this is a great money making idea. You can stream for a few hours at a time and interact with your audience to foster a sense of community.
After building a significant following, connect with other video game streamers and invite them to stream together. Collaborations often bring in larger audiences, as fans of both streamers will gather to watch live streams and interact with each other.
Streaming platforms such as Twitch, YouTube, and Facebook offer partner programs, allowing streamers to receive ad revenue and tips from their audience. Additionally, video game streamers can make more money from brand deals, sponsorships and merchandise sales.
How much money you can earn depends on the size of your following. For example, Canadian streamer Shroud has over 10 million Twitch followers and a net worth of $8-12 million.
Compose and Sell Royalty-Free Music
Creating and selling royalty-free music can be a great way for music fans to make extra money. Music composing and producing tools are more accessible than ever, so it can be a fun way to explore your creativity while making money.
Royalty-free or stock music is usually made for mass use in commercials, movies or YouTube videos. Some have lyrics, but they are mostly instrumental.
Some of the best websites to sell royalty free music are:
Audiojungle. An Envato Market platform that provides you with revenue based on the affiliate feature and license type.
Pool 5. A media marketplace that offers a 35% royalty rate for music and sound effects creators.
Epidemic sound. A company that works with music creators offers a 50% royalty rate.