The Logitech-owned company, Streamlabs, has launched a new tool that helps streamers make a sustainable income. Streamlabs has launched a new tipping service called Streamlabs Creator Subscription, which essentially lets streamers set up a subscription/tipping option for their fans.
Ashray Urs, Head of Product at Streamlabs, explains that the live streaming industry is ever-growing, and Streamlabs wanted to offer its users a sustainable revenue model. The company says that 100 percent of the tips received (after PayPal's cut) will go the streamer.
Creators will be responsible for deciding whatever subscription cost they want to offer their fans. Fans will also receive perks such as Redeemable Alerts, which will get them a shout-out by their favorite streamer.
Image Credit: Streamlabs
Key Themes Behind This Trend
- Live Streaming Tipping Services
- Live streaming tipping services are becoming more popular for streamers to earn sustainable income while offering additional perks for their fans.
- Subscription/tipping Options for Creators
- Subscription/tipping options for creators will continue to grow as the live streaming industry expands and platforms offer additional revenue models.
- Fan Perks for Subscriptions
- Fan perks for subscriptions will become a competitive avenue for live streamers to attract and retain their audience as more platforms offer this feature.
Where This Applies
- Live Streaming Platforms
- Live streaming platforms have an opportunity to offer sustainable revenue models for their users, such as tipping/subscriptions services, to differentiate themselves in a crowded market.
- Social Media Platforms
- Social media platforms can integrate live streaming features and additional revenue models, like tipping/subscriptions services, to attract and retain users in an increasingly competitive market.
- Online Payment Services
- Online payment services have an opportunity to partner with live streaming platforms to offer seamless and secure tipping/subscriptions services for streaming creators and their fans.
