Bigo Live is a famous live-streaming website/application that enables users to make money by getting virtual gifts from viewers. These virtual presents can be swapped for real money, providing a substantial source of income for many users.
The amount of money you can make on Bigo Live depends on a number of factors, including the number of viewers you have, the type of gifts you receive, and the exchange rate between virtual gifts and real money.
About BIGO Live
BIGO Live, a Singapore-based social platform, emerged on the global scene in 2016. The platform revolutionized the way people interact online, ushering in a new era of live broadcasting. BIGO Live’s charm lies in its real-time interaction, which has made it a haven for content creators worldwide.
How Much Does BIGO Live Pay?
BIGO Live uses an in-app currency system called “beans” for its transactions. Customers buy beans to give to their preferred broadcasters. The amount of beans that streamers receive from their viewers determines how much money they make. For instance, BIGO Live retains a portion of the 6,700 beans (or about 210 USD) that a livestream earns, and the streamer can cash out the balance.
To answer the FAQ, “How much does BIGO Live stream pay?” It depends on the streamer’s popularity, viewer interaction, and the amount of beans received. Successful streamers can earn several thousands of dollars per month, while those just starting might only make a few bucks.
How to Make Money on BIGO Without Going Live
Making money on BIGO Live without going live might sound challenging, but it’s entirely possible with some creativity and understanding of the platform’s features.
Here are several methods that can help you generate income on BIGO Live without streaming:
1. Referrals:
BIGO Live offers a referral program where you can earn money by inviting new users to the platform. Every new user you bring in through your unique referral link that ends up spending money on BIGO Live can earn you some beans (BIGO Live’s in-app currency).
2. Hosting or Organizing Events:
Even if you’re not live-streaming yourself, you can still host or organize events on BIGO Live. This could be anything from online quizzes, competitions, or any other engaging activities that might attract participation from the BIGO community. By encouraging users to contribute beans to partake in these events, you can earn money.
3. Gift Exchange:
BIGO Live has a feature that allows users to send and receive virtual gifts. These gifts are bought with beans and can be converted back into beans when received. So, even without going live, you could potentially receive gifts from friends or other users on BIGO Live, which can then be converted into real money.
4. Become a BIGO Live Agent:
As a BIGO Live Agent, your role would be to recruit and manage talented broadcasters. Agents earn a percentage of their broadcasters’ earnings, making it a viable way to make money without streaming live content yourself. However, this method does require substantial effort and commitment, as your earnings will depend on the success of your broadcasters.
5. Participate in BIGO Games:
BIGO Live occasionally hosts in-app games or activities where you can win beans or other prizes. Participating in these can also be a source of income.
Remember, success in making money on BIGO Live, even without going live, often requires time, effort, and a strategic approach. Building a wide network of connections and staying actively involved in the community can greatly boost your earning potential.
Monetizing BIGO Live: A Step-by-Step Guide
As of my last update as of April 28, 2024, BIGO Live is a live streaming platform that allows users to share their moments, talents, and interests with a global audience. While I cannot provide real-time information,
I can offer a general step-by-step guide on how individuals typically monetize their presence on live streaming platforms like BIGO Live.
Keep in mind that platforms and their monetization policies may change over time, so it’s crucial to refer to the latest guidelines and terms of service from BIGO Live directly.
- Build a Strong Presence: To monetize on BIGO Live, you need a significant following. Start by regularly streaming interesting content and engaging with your audience. Interact with viewers, respond to comments, and be consistent with your streaming schedule.
- Become a BIGO Live Host: To access monetization features, you must become a verified BIGO Live host. The verification process typically involves meeting certain criteria set by the platform, such as having a specific number of followers and adhering to community guidelines.
- Diamonds and Beans: BIGO Live uses in-app virtual currencies called “Diamonds” and “Beans.” Diamonds are bought by viewers using real money, and they can be gifted to hosts during live streams. Beans, on the other hand, are virtual gifts that viewers can purchase with Diamonds and then send to their favorite hosts.
- Convert Beans to Cash: Once you’ve accumulated a substantial number of Beans, you can convert them into real money. However, the conversion rates might vary, and BIGO Live may retain a percentage of the earnings.
- Join BIGO Live Events and Competitions: BIGO Live occasionally hosts events and competitions that offer cash prizes to winners. Participating in these events can be an additional source of income.
- Promotional Activities and Partnerships: As your following grows, you may attract brands or sponsors interested in partnering with you for promotional activities or endorsements during your streams. Negotiate sponsorships that align with your content and audience.
- Ad Revenue Sharing: Some live streaming platforms offer ad revenue sharing programs. Although I couldn’t find any specific information about BIGO Live’s ad revenue sharing policies, it’s worth exploring this possibility if available.
- Offer Paid Premium Content: You can also consider offering premium content or exclusive access to certain streams for viewers who pay a subscription fee or make one-time payments.
- Utilize Other Platforms: Promote your BIGO Live streams on other social media platforms to attract more viewers and potential supporters.
- Stay Updated on Policy Changes: The landscape of live streaming and social media platforms can change rapidly. Stay updated with BIGO Live’s terms of service, monetization policies, and any new features they introduce.
BIGO Live Payment Method and How to Withdraw Money from BIGO Live
BIGO Live supports various payment methods for purchasing in-app virtual currencies like Diamonds and Beans. These virtual currencies can be used to support your favorite hosts during live streams and participate in various activities on the platform. Here’s how you can make payments on BIGO Live:
Payment Methods on BIGO Live:
- Credit/Debit Cards: You can use your credit or debit card to purchase Diamonds directly within the BIGO Live app. The app typically supports major card providers like Visa, Mastercard, American Express, etc.
- Mobile Wallets: Depending on your location, BIGO Live might also support payments through popular mobile wallets like Apple Pay, Google Pay, and others.
- Carrier Billing: In some regions, users can pay for Diamonds using their mobile phone credit, which is commonly referred to as carrier billing.
- Online Payment Platforms: BIGO Live may integrate with various online payment platforms like PayPal, Paytm, Alipay, etc., to offer users more payment options.
Withdrawing Money from BIGO Live:
To withdraw money from BIGO Live, you’ll first need to accumulate Beans, which are virtual gifts given to you by your viewers. Beans represent your earnings on the platform and can be converted into real money.
Here’s the general process for withdrawing money from BIGO Live:
- Become Eligible: Before you can withdraw money, you need to meet the withdrawal eligibility criteria set by BIGO Live. This may include reaching a certain minimum balance of Beans and being a verified host.
- Submit a Request: Once eligible, you can submit a withdrawal request through the BIGO Live app. Look for the “Withdraw” or “Cash Out” option in your account settings.
- Choose Withdrawal Method: BIGO Live typically offers various withdrawal methods, such as bank transfers or payment to popular online payment platforms. Select the method that suits you best.
- Wait for Processing: After submitting your withdrawal request, BIGO Live will process it. The processing time may vary depending on your location and chosen withdrawal method.
- Receive Payment: Once the withdrawal is processed and approved, you should receive the money in your chosen account or payment platform.
Please note that specific payment methods, withdrawal options, and withdrawal rules may differ based on your location and the latest policies implemented by BIGO Live. Therefore, it’s essential to check the app’s official website or contact their support for the most up-to-date and accurate information regarding payment methods and withdrawal procedures.
BIGO Live Vs. Other Streaming Platforms
How does BIGO Live stack up against other live-streaming platforms when it comes to payouts? This comparison will help you understand where BIGO Live stands in the broader landscape of live-streaming platforms.
BIGO Live Vs. Twitch
Twitch is one of BIGO Live’s biggest competitors in the live streaming market. We’ll compare their payout structures to help you make an informed decision about which platform to choose.
BIGO Live Vs. YouTube Live
YouTube Live is another popular platform for content creators. Our comparison will illustrate the pros and cons of both platforms, offering insight into their differing payout structures.
Frequently Asked Questions
1. What is the conversion rate of BIGO Live’s diamonds to beans?
The conversion rate of diamonds to beans in BIGO Live is variable. Typically, one diamond converts to one bean, but this can change based on different factors such as regional settings.
2. Can You Earn Money in BIGO Live Without Viewers?
Yes, but it’s more challenging. Without viewers, the primary source of income (beans from viewer gifts) disappears. However, through referral programs and gift exchanges, you can still make some income.
3. How can I earn more beans on BIGO Live?
You can earn more beans on BIGO Live by consistently streaming engaging content, growing your audience, and receiving more virtual gifts from viewers.
4. When Does BIGO Pay Salary?
BIGO processes payments between the 1st and 10th of each month. However, the time it takes for the money to appear in your account can vary depending on the method of withdrawal.
5. What is the minimum payout in BIGO Live?
The minimum payout in BIGO Live is $50. You need to have at least 6,700 beans, which convert to $50, to request a payout.
6. How to Withdraw Money from BIGO Live
Once you’ve earned enough diamonds and are ready to withdraw your earnings, follow these steps:
Step 1: Convert Diamonds into Beans
The first thing you need to do is convert your diamonds into beans. This can be done from within the app:
- Go to your profile page and click on the diamond symbol.
- This will bring you to the ‘Wallet’ section, where you’ll see your diamond balance.
- Click on ‘Exchange,’ then select the amount of diamonds you want to convert into beans.
Remember, 210 beans are roughly equivalent to 1 USD.
Step 2: Withdraw Beans as Cash
After converting your diamonds into beans, you can now withdraw the beans as cash. Here’s how:
- In the ‘Wallet’ section, click on ‘Withdraw’.
- Choose your preferred payment method: PayPal, Payoneer, or bank transfer.
- Input your account details and the amount you wish to withdraw.
Ensure that all the information you’ve entered is accurate to avoid any withdrawal issues.
Step 3: Confirm Your Withdrawal
After entering all your details and the amount you wish to withdraw, confirm the transaction. BIGO Live will then process your withdrawal, and the funds should be transferred to your chosen account.
Please note that BIGO Live processes payment requests between the 1st and 10th of every month, and it may take a few days for the funds to show up in your account.
And that’s it! You’ve successfully withdrawn your earnings from BIGO Live. As you continue to engage with your audience and receive more beans, this process will become second nature to you. Enjoy your streaming journey!
To cash out your earnings on BIGO Live, go to your profile, select “wallet,” then “income,” and finally “exchange.” You can then withdraw your earnings to a PayPal account.
7. How does BIGO Live’s pay structure compare to other live-streaming platforms?
BIGO Live’s pay structure is unique due to its focus on virtual gifts and beans. In contrast, other platforms like Twitch and YouTube use advertising and subscriptions as primary revenue sources.
8. Is BIGO Live a good platform for content creators to earn money?
Yes, BIGO Live can be a lucrative platform for content creators. With its unique revenue model and global audience, it offers significant earning potential for creators who can effectively engage their viewers.
Conclusion
The potential to earn money on BIGO Live is considerable, but it largely depends on your ability to produce engaging content and cultivate a dedicated audience. By understanding the platform’s financial mechanics and effectively utilizing its features, you can turn your live streams into a lucrative venture.