BigoLive Business & Revenue Model Explained: How live streaming Works & Makes Money

 

What Is BigoLive?

BigoLive is a live video streaming app available on both iOS and Android, but it was developed by a Chinese company called JOYY Inc. and owned by a Singapore-based Bigo Technology, which brought Bigo to life as an extension of its popular JOYY live video chat service. The name “Bigo” comes from their philosophy that every person has something big to offer the world.

In case you're not familiar with what “live streaming” is, here's some background: Video platforms like YouTube allow people to upload videos that are saved in the cloud and can be accessed anytime from anywhere. Live streaming is different because the content is uploaded in real time and cannot be replayed or saved once it ends. Users watch live streams as they happen, typically participating in them by commenting or asking questions through text messages that appear on screen. Live streamers use cameras, microphones, and apps like BigoLive (or Twitch or Periscope) to interact with their viewers in real time.

Overview Of BigoLive Business Model

Bigo Live is a live streaming platform where you can interact with people in real-time. On the app, you can stream yourself playing PUBG, or doing yoga, or singing, and so on. You can also watch other streamers and comment on their streams.

The app has over 300 million registered users and hosts about 1 million streamers globally.

The Business & Revenue Model 

BigoLive is a freemium platform, meaning most of its features are free to use but users must pay to access additional content and services. The app makes money primarily through in-app purchases for its virtual currency called Beans. Beans can be earned by completing tasks or simply buying them from the company. Users then send these Beans as gifts to their favorite streamers. This gives both fans and streamers an incentive to grow their fan base since they stand to earn more.

The company also offers premium live streaming services like broadcasting products and training seminars, charging companies per hour of service or seat in a webinar, respectively.

How BigoLive Works? 

The first thing you need to understand is how BigoLive works. It is a live streaming platform where users can broadcast themselves doing any number of activities or just a plain hangout. The majority of the content created on the app are people simply hanging out with their friends, the rest of the content consists of people broadcasting themselves playing games, dancing, singing and other activities. People from all parts of the world watch and comment on these streams in real-time and they in turn use tokens to send gifts to their favorite streamers as a form of appreciation. 

There are five different types of gifts: Stickers (worth 1), Virtual Gifts (worth 2-10), Diamonds (worth 11-50), Tokens (worth 51+) and Strings(Free). These strings are used by the company to create interesting interactions between broadcasters and viewers.

The platform takes a percentage of the revenue that is generated by the streamers in exchange for hosting them on their platform. This revenue comes from selling diamonds to users who want to interact with broadcasters through giving them diamonds. Seeing as each gift has its own price tag this makes it easy for someone watching a broadcast to decide which gift they want to send someone as well as what price they’re willing to pay for it.

Read Benefits of PERISCOPE CLONE SCRIPT FOR ALL INDUSTRIES – BSETEC

Despite the rise of video platforms like YouTube, people have a continually growing appetite for video content. This is precisely why live streaming platforms have become so immensely popular. Live streaming is an excellent way to create a dedicated audience and increase viewership on your videos. Additionally, there are multiple ways for live streaming platforms to make money. If you’re just getting started in this industry, here are a few business models that you can employ to start making money from live streams:

There are many different platforms, each with their own unique features and user-bases. For example, some platforms are considered more general-purpose, while others are more geared toward gamers.

StreamBiz is one of the top players in the space, with a focus on simplicity and affordability. It allows you to broadcast video in real-time over the internet. Their platform is easy to use and has all of the features you need to start streaming right away.

A live streaming platform like StreamBiz is a service that allows you to stream live video through the internet. 

The benefits of a Bigo Live Clone- StreamBiz include:

• Gaining a wider audience
• Interaction with your viewers in real time
• Providing an authentic experience for viewers

Other advanced features that BigoLive Clone App- StreamBiz are: 

• Live streaming /Videos: Users can stream live videos in just a few seconds with Bigo Live Clone, and upload videos and other content to stay connected with their audience.

• Live Chat: Bigo Live Clone allows users to create live chats with those they wish to watch and chat with, as well as view contacts and start conversations with them.

• Follow or Unfollow: In the app, users will be able to track and remove followers of those they wish to track, as well as view the profiles of those who follow them and their followers. You can easily follow a member's broadcasts or track their followers.

• Security: With Bigo Live clone, users can freely stream live videos as well as use other features without any issues.

• Advanced Search Feature: Through this feature of the Bigo clone, you can reach millions of users in the live streaming area and allow them to watch their live streaming videos easily by searching their username.

Know More:Become A Successful Entrepreneur With A Video Streaming Platform Like BigoLive clone

With our Bigo clone script, you can customize each feature & functionality, and we offer a simple, easy & seamless user experience, with all of our operations happening in real-time, with no delays. Get StreamBiz today, download free from the App store and the Play store. 

Streambiz | The future of live streaming in the business of entertainment

The entertainment industry is rapidly becoming dominated by technology and people no longer rely only on television and radio for entertainment. The way we view major events has evolved in the digital era. Whether it's a new rocket launch into space, a prominent musician performing, or the year's great Superbowl, there will undoubtedly be cameras broadcasting everything live on the web.

Nowadays, the bulk of viewers watch live streams but, when the COVID-19 pandemic halted all event gatherings in 2020, the slow move to digital media intensified rapidly.

Since then, we've seen a huge increase in home entertainment. Periscope live streaming services of all types were extensively used to help people get through a difficult period. During the pandemic's peak, Netflix reached just shy of 200 million active users on its video live streaming platform, a new high for the company. Other live streaming services, such as Amazon Prime and Hulu, also witnessed significant growth. As soon as stay-at-home directives were implemented, the media rushed to adapt to the internet platform. Needless to say, the video streaming industry is on its way to becoming much bigger, with a predicted value of $149.24 billion by 2026.

Learn Become A Successful Entrepreneur With A Video Streaming Platform Like BigoLive clone

How can you utilize live streaming app for your business?

• Hosting a Q&A session– Periscope clone script Q&A is the most engaging of all live broadcasts, bringing a personal touch and a human aspect to the proceedings. The audience may ask the expert on the other end of the screen a range of questions about the brand, and the expert will respond with answers that are pertinent to promoting the brand. This not only aids in brand identification but also aids in brand awareness.

• Behind the scenes– Bigo live clone script People enjoy seeing what goes on behind the scenes with your brand. It might be a performance, a product introduction, or a celebration, for example. By displaying what is going on in the background, you may get a sense of how the brand operates on the inside. Who works there, for example.

• Launch new items– Introducing new products in a live video session is a sure-fire method to attract a large number of visitors, as many people will get familiar with you through your product, and you will be able to earn direct purchases through your best live streaming app script. It informs people about your company and how they may profit from it.

• Host live competitions and giveaways– Contests and giveaways encourage individuals to post their profiles and links on social media, which helps many companies thrive. Hosting the giveaway 'live' may help the business reach a far wider audience, and the life dynamics will be incredible. It will offer the brand a slight boost in recognition.

  

• Choosing a relevant topic– In order for people to trust your brand, you must keep in mind what your audience is looking for. Choosing a particular topic that resonates with their requirements will help you create a rapport and relationship with your prospective consumers.

Read How to Promote Your Business With Live Video Streaming

Conclusion

If you want to build a live platform for your business, StreamBiz is the Bigo live clone app script – inspired by BSEtec's Periscope clone – that can take your business from good to outstanding. Please contact BSEtec for further details.

Can we Integrate Live Video Streams in Mobile Apps?

Video streaming is today the much-loved entertainment source where we are spending hours watching incredible series, live shows, live concerts, and other programs daily worldwide. Video streaming or live streaming today is not only a feature but it became the full fledged industry where you can develop a bigger brand with high-end tools and technologies to give users numerous experiences to enjoy UGC and other content worldwide. Integrating mobile apps with live streaming is much more popular today, and you can develop a full-fledged business model using a live streaming feature with revenue generation methods in the application for both iOS and Android. 

How can you get video streaming in Mobile apps?

We have the smartest source of development for you to explore to get the live streaming mobile app for both Ios and Android. The source is called the Live streaming software script- LivePlus. LivePlus is the open-source periscope clone script developed and designed by BSEtec to allow its users to develop the modern-day video streaming app with different tools and features backed by high-end technologies. 

Different ways of earning money through Video streaming app- LivePlus. 

LivePlus is not only an exceptional app development source but it is also loaded with some very useful readymade tools and technologies to earn more money from day one for its users, admin, and even broadcasters. There are 3 different methods to earn more revenue in the LivePlus mentioned below

User Gifts- 

Any influencer or user can stream for free anything like other platforms such as youtube and Periscope but here the user can also donate or fund money to the broadcaster via virtual coin gifts. And users would be able to buy virtual gift coins in-app purchases to send them to the streamer directly and the donation shall be displayed over the broadcasted stream live. Streamers can withdraw the monetary value of virtual coins by submitting the withdrawal request. And you can earn money via some commission over the coins converting. 

Advertising Revenue for the platform-

As you know that the live streaming platform always gets the higher watch time and viewership compared to the recorded videos and that's the reason it would be the best platform for running virtual advertisements. In LivePlus you can customize Google Admob banners in the profile page or bottom tab bars, Also we can customize the live plus to show google Admob videos on the broadcast screen at any time.

 

Paid Premium Memberships

With the membership program, You can customize the LivePlus- Periscope clone script to be the platform where you can get the option like Membership where you can offer users the types of experience based on the membership they subscribe to. For instance, If the user is exploring the platform with basic membership then they would have to explore the live streaming videos in basic tools and limited features and if they get the premium membership and pay higher then they would have all the access to premium features and unlimited access. In LivePlus, you can easily customize the live streaming script to restrict streaming latency, quality accessibility, broadcast duration, storage limit for users, etc. 

To know more, Visit LivePlus.