Twitch Money

  1. Twitch Money Calculator
  2. How To Collect Money On Twitch
  3. Twitch Money Check
  4. Twitch Money Laundering
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Twitch Taxes: How to Pay Tax as a Streamer – 2021 US Guide. If you earned any money from Twitch, YouTube Gaming, or another platform, you are required to pay taxes on your earnings. This includes revenue from ads, donations/tips, sponsorships. Twitch is the world`s leading video platform and community for gamers. Twitch streamers can potentially make money from sponsorships through third-party companies. While streaming platforms do not set these up, there are programs out there that can help. Two sites that match sponsors and streamers are PowerSpike and HelloGamers. Twitch may just be Amazon’s best-kept secret. Here is how the esports streaming service makes money. Acquired in a 2014 bidding war with Google for $1 billion in cash, the gaming platform,.

If you love gaming, you might be wondering how to turn your passion into profit. One way to earn money as a gamer is to stream videos of yourself playing games on a platform like Twitch, which boasts 100 million page views per month. Here’s what you need to know about how to make money on Twitch.

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What is Twitch?

Let’s start with the basics: what is Twitch? If you haven’t heard of the site, not to worry. It’s still pretty niche. You can be into video games and not frequent Twitch.

In short, Twitch is a platform that lets gamers stream video of themselves playing games, and lets visitors to the site watch those videos. The potential to earn money is on the side of the broadcaster of the video, not the viewer.

Twitch Money Calculator

Video game publishers and video game media outlets also have their own Twitch channels. The platform hosts live streaming from video game-related events and competitions, too. Twitch has its own annual convention, aptly named TwitchCon. Let’s focus on the individual user/broadcaster.

How to Set Up on Twitch

Users create a channel that streams live game play videos, coming to the site from computers or consoles. When you watch a given video you can see the game play, plus a webcam video of the person playing the game. The player will generally provide audio commentary.

Sometimes, it’s serious commentary to help other players through a game. Other times, the commentary is funny – think: reaction shots and intentionally bumbling game play.

So, the three components of a Twitch channel are the game play itself, the webcam video of the player and the audio commentary. That means broadcasters need a computer or console and other gaming equipment, plus a camera and a microphone headset for broadcasting purposes.

Twitch channel streams are 24-hour streams. Of course, you don’t have to be playing video games 24 hours a day, but your channel will be out there. You can upload pre-recorded videos, but in general the purpose of Twitch is to provide the site’s roughly 100 million users with access to live streams of game play. For broadcasters, Twitch can be a side hustle, a complement to a career in e-Sports (competitive gaming), a hobby or a full-time job.

Signing up for a Twitch channel just takes a few minutes. You can create your own login information or use your Facebook account. The process for broadcasting will depend on how you’re playing games (computer vs. gaming console) and on the specific equipment you’re using. As you might expect from a gaming community, Twitch users offer plenty of online support in chats and forums that can be a great resource for anyone who’s just getting started.

Making Money on Twitch: Gaining Followers

Twitch Money

OK, so you’ve set up a Twitch channel and you’re ready to start broadcasting your game play. First off, it’s a good idea to decide on a tone that can help create your personal brand on Twitch.

To help you establish that tone, consider a few guiding questions: Do you want your channel to be funny or serious? Are you about helping other gamers, competing with other gamers or making viewers laugh? What kind of audience do you want to attract? Will you be the best gamer or the funniest gamer?

The videos themselves aren’t the only way you can reach viewers. Twitch also has a chat feature. Viewers might hit up your chat room to ask you questions about game play, or to get to know you better. Responding to viewers in friendly, helpful ways can help you retain and grow your following.

Another important factor in your success on Twitch is the games you choose to broadcast yourself playing. Not surprisingly, there’s a lot more competition with major games that lots of broadcasters are playing. If you want to be the go-to broadcaster for major releases, more power to you. But you’ll probably have an easier time standing out if you broadcast games that fewer people are playing.

Monetizing Your Twitch Account

How do Twitch and the stars of its roughly 1.5 million streaming channels make money? For Twitch, advertising dollars come in part from featuring particular games on its sites. The makers of those games pay Twitch for the exposure the site gives them.

If you’re a user, you’ll share any ad revenue your channel makes with Twitch. In your Broadcast Dashboard you can change the settings on your channel to reflect how many ads you want to play per hour during your video stream (usually three ads).

The advertising revenue generated by visitors to your channel viewing and clicking on ads will be shared between you and Twitch and paid out by Twitch to your PayPal account. If you want to add links that viewers can follow to purchase particular games you can make money on those clicks, too. Twitch is owned by Amazon, so those links will be to an Amazon game purchase.

If visitors to your channel are using ad-blockers, aren’t watching the ads that play and aren’t clicking on any referral links you’ll have a much harder time making money on Twitch.

In addition to advertising revenue, there are other ways you can make money on Twitch. Once you have an established brand and a sizable following, brands may start coming to you with sponsorship offers. They may offer you free games or equipment, and if you’re lucky they may even offer payment. Once you reach a high level of Twitch success you may want to hire an agent to help you negotiate these deals.

Once your following grows you can also sell merchandise, independently or through the Twitch Partnership Program (more on that below). As mentioned, you can also get brand deals from video game publishers/developers who will pay you to play, promote and discuss their games. (It’s a good idea to disclose those deals when they happen so that your viewers retain their trust in your channel and to cover your legal bases).

You can also make money on Twitch by getting donations from your fans and subscribers. You’ll have to enable this feature on your channel, and generally broadcasters use PayPal to process viewer donations.

The Twitch Partner Program

OK, so we’ve covered the basics of Twitch. With a sizable following you can apply for the Twitch Partner Program. That lets viewers subscribe to your channel, earning you money in the process. Again, you’ll share revenue with Twitch, but when you have subscribers you make money each month, whether or not those subscribers view videos and ads. As a partner, you also have access to help with starting a merchandise campaign, plus more control over video quality.

In exchange for paying $5 per month and subscribing to your channel, viewers get access to special perks like subscriber-only chats and unrestricted access to your broadcast’s archives. They even get special emoticons they can use on your channel.

Of the site’s over 1.7 million active broadcasters, around 12,000 are Partners. Those are pretty tough odds, but Twitch gives guidance to potential applicants. The site says it’s looking for broadcasters who “engage their chat, develop strong communities, and find creative ways to stand out from the crowd.”

According to the Twitch partnership application page, the basic requirements for partnership are:

  • Average concurrent viewership of 500+
  • Regular broadcast schedule of at least 3 times a week
  • Content that conforms to Twitch’s Terms of Service and DMCA Guidelines. (DMCA stands for the Digital Millennium Copyright Act; Twitch is careful to keep its broadcasters on the right side of the law)

Moving from YouTube to Twitch

The whole live streaming of video game playing thing got off to a strong start on YouTube. But many gamers have migrated from YouTube to Twitch. If you already have high viewership on YouTube, you don’t have to start from scratch when you join Twitch. You can apply for the partnership program fresh from YouTube, without a streaming history on Twitch. You can apply as long as you have the following:

  • 15,000+ average views per video
  • 100,000+ subscribers
  • Content that conforms to Twitch’s Terms of Service and DMCA Guidelines

Bottom Line

If playing video games is something you love doing in your spare time, it’s possible you could leverage that hobby into some side income. Of course, a lucky few gamers make money exclusively from their game play and become international sensations.

Next Steps

  • When you’re starting out, it’s probably best not to quit your day job or cash out your 401(k) to devote yourself to Twitch. You can, however, start uploading videos, building your following and monetizing your Twitch gameplay.
  • Remember to account for your gaming earnings at tax time. You may need to hire an accountant who has experience with reporting unconventional income sources.
  • If you start to make significant money (or even if you just want to get a handle on your finances in general) it may be a good idea to speak with a financial advisor. They can help you plan out your finances and meet your financial goals. A matching tool like SmartAsset’s can help you find a person to work with to meet your needs. First you answer a series of questions about your situation and your goals. Then the program narrows down thousands of advisors to three fiduciaries who meet your needs. You can then read their profiles to learn more about them, interview them on the phone or in person and choose who to work with in the future. This allows you to find a good fit while doing much of the hard work for you.

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You are probably familiar with the Amazon Prime option that has shopping benefits along with access to music and video streaming, but what on earth is Twitch Prime? As you may know, Amazon bought Twitch in 2014 and spread Prime option across the brands.

What is Twitch Prime?

If you are not an Amazon Prime subscriber yet, then you will need to become one in order to activate Twitch Prime, as it’s just one of the many benefits you get from joining the main Amazon Prime scheme, with exclusive perks for anyone who links their Twitch and Amazon accounts.

Assuming you’re an Amazon Prime subscriber, you can try both Twitch and Amazon Prime together free for 30 days to get a feel for it. Once you’re signed up head on over to twitch.amazon.com where you’ll be able to link your accounts.

You get one free subscription every 30-days to use to support your favorite streamers. They get financial benefits; you don’t have to pay. When you go to click subscribe on their page you’ll be shown the option to use your free subscription while you have it. Once it’s gone, you’ll be reminded, and then it’ll come back 30-days later for you to spend again.

Twitch Prime subscriptions don’t auto-renew as regular subscriptions do, so you’ll need to remember to use it every month.

Twitch Prime is available everywhere globally except for China, India and “embargoed territories.” In countries where Amazon Prime is supported (U.S., Mexico, Canada, Italy, France, Germany, Belgium, Austria, Spain, Japan, Netherlands, Luxembourg, Singapore or the United Kingdom) you have to have Amazon Prime to also have Twitch Prime.

If you’re not in one of the countries listed above, you can sign up for Twitch Prime with a Prime Video subscription. Whichever way you play it, though, you have to have Amazon Prime something.

Twitch Turbo

If you’ve been paying for Twitch Turbo, you should cancel it immediately if you activate Twitch Prime. The benefits of Turbo are folded into Prime, you just get a different banner on your page. If you’ve been paying for both, Amazon will refund your recent Turbo payments for a limited time by opening a support ticket.

Twitch Prime benefits:

  • Free Twitch channel subscription every 30 days to support your favorite streamers.
  • Member access to free game content.
  • Exclusive member savings on physical games from Amazon.
  • Exclusive emoticons.
  • Expanded chat color options.
  • Member-Only Prime Chat Badge.
  • Free in-game content through partner relationships.
  • Free monthly games.

How Much Do Streamers Get from Twitch Prime Subs?

A new streamer who has just become a Twitch partner will get 50% of a $5 sub, so $2.50. They will also get the same rate for every prime sub they get. Since Amazon is a huge company that has publically revealed there are over 100 million Amazon Prime users, it’s most likely that 1 in 5 viewers will either have Amazon Prime account or know somebody that does.

How To Collect Money On Twitch

As you already know, Prime sub is not auto-renewed. It means that after 30 days of the paid plan, the viewer will have a free 30-day subscription. If they want to use it on the same streamer they can, but they have to resubscribe.

The reason I’m mentioning this is that it can be used to your advantage if you’re a streamer. Often, people will forget their subscription has run out so they will be watching a broadcaster not knowing they have a free subscription. This is why casters will often remind people that can subscribe for free with Twitch prime! They know that people will often have a free sub available and the chances are if they’re watching the stream, they might just use it on them.

On average, pro-streamers can make between $3,000 to $5,000 per month playing 40 hours a week, just from the Prime Sub option. That number doesn’t include ad revenue, which averages about $250 per 100 subscribers.

While nobody says exactly what they make, it’s rumored that some of the biggest influencers are making over $300,000 per year playing video games. If Piper Jaffray’s estimates are right, streamers like Probly_Ovr_9000 and GuardianOutpost can continue to grow—and the numbers could be huge.

How much do Twitch Streamers Make Per Prime Sub?

Does twitch prime sub give money to partners? Paying for the membership itself does nothing for the broadcasters. However, subscribing to a specific streamer with a prime sub gives whatever normal rate the broadcaster has enabled in their contract for a normal subscription.

As it was mentioned above, “Twitch Prime” viewers pay $5/month. For regular streamers, 50 percent of this subscription revenue goes to Twitch, and the caster keeps the other half. Top tier influencers, who have more than 10,000 subscribers, get to keep 70 percent of their subscription revenue. Some quick math revealed that top streamer Ninja, who has 121,000 subscribers, makes $423,500 a month from subscribers alone. Wang’s 4,000 subscribers earn him around $14,000 a month.

Advantages of Twitch Prime Sub for Streamers

Twitch Money Check

A Prime subscription is an additional way for Twitch Partners to receive subscription revenue from their viewers.
Every Twitch Prime member will receive a channel subscription at no additional cost to give to the Twitch Partner of their choice every month; this option is visible when they click the Subscribe button on a Partnered channel. And while Twitch Prime is available to viewers in the US, Canada, Italy, France, Germany, Spain, and the UK, all Partners, regardless of where they live, will be paid for Prime subscriptions to their channel in the same manner as for regular subscriptions. The revenue share remains the same for Prime subscriptions as it is for normal subscriptions.

Summing Up

Twitch Money Laundering

As a partner, you can definitely make money from twitch prime. As a viewer, the prime sub will give you access to a number of handy benefits like free game content, exclusive emoticons, and free monthly games. You will also get a chance to use your free channel subscription to support your favorite streamer. And it costs only $5 a month. Sounds like a good deal.