You must be familiar with Periscope, the most popular streaming app. But have you ever wondered what made it so popular? How Periscope climbed to the very top? What made it the most preferred, the most used and the most popular streaming app in the market?
You would have if you ever wanted to create one.
Like every other entrepreneur, you must have wondered about live streaming app development and maybe now you’re thinking: “How to build a live streaming app that will go toe to toe with Periscope, or even surpass it!”.
Guess what, you’re not wrong in dreaming about it.
In fact every successful entrepreneur had to dream his\her dream before bringing it to reality.
So if you want to create something unique and more promising than your peers, you’re exactly on the right platform! Allow us to guide you through the steps on how to build a live streaming app that is both unique and marketable and you can earn money from.
Before starting with our technical know-how, let’s see what Vlogging or live streaming means, and how to develop a live streaming app and monetize the tremendous scope earned in the global market.
A vlogging, as clear from the word, is defined as blogging carried out in the form of videos, hence the term Vlog (video + blog).
So what’s in store for vloggers you ask? Well, take a look:
As you can see, in both worldwide and US surveys, it clearly shows that vlogging has only become more popular with time.
Now, where do all the successful vloggers upload or stream their videos?
You guessed it right, on a streaming platform. That’s why we showed you the past one year trend so that you can understand how popular vlogging has become within such short span of time, and why the demand for streaming applications has been increasing henceforth.
Now that you have learned what vlogging is, and the scope of a live streaming app that has evolved with it, let’s move on to the next step.
There are two kinds of live streaming apps:
In short, pure Live Streaming Apps are designed solely for the live streaming purpose, while composite ones are existing apps that have added this feature to compete with their peers.
In this piece, we’ll be focusing on how to build a pure live streaming app. But before that, let’s find out about the popular pure live streaming apps and their market presence.
It starts with Periscope, one of the most popular live streaming platform. Let’s dive deeper.
Founded in 2014 by Beykpour and Bernstein, it is the most popular live streaming app in the market. Such is the scope of live streaming, that Twitter bought it even before it was developed.
To learn more about their story and features, click here.
Launched in 2007, it was originally named Mogulus. It provides end to end live streaming services to customers. It may not be as popular as Periscope or YouNow, but it’s one of the earliest live streaming apps in the market.
Founded in 2011, it competes for live streaming apps like Periscope, Meerkat, etc. Its rise in popularity from 2014 to 2015 had clear indications of it becoming one of the most popular live streaming apps in the market. See how it compares:
Let’s decode these questions to answer on how to create a live streaming app for Android or iOS.
Let’s admit it, every entrepreneur wants his/her business to be big. Big not only in terms of market share but also in terms of profits; and thus revenue. You must be wondering how much the existing live streamers have earned in the past years. Take a look before you go about building a live streaming app and earn:
Nowadays, almost every streaming app incorporates this mode of revenue generation. It is the most popular and one of the easiest way to monetize your app. Take a look:
First, give your consumers a free platform, which will allow them to avail the service for 1 month. Incorporate ads on regular intervals, but not too many of them (it can have a negative impact).
Second, ask them for feedback through a pop up (only after they’ve finished watching the live streaming, not in between; it can repel your viewers from becoming paid users). Check if they are satisfied with your service.
Third, if their reviews are good, offer them the monthly subscription plan, where they can watch any live streaming free of ads.
This mode of earning is highly popular in the digital marketing domain.
Since you’re building an online live streaming app, so it will cater to users on the digital platform itself. So why not bank on it? This method has been reported to reap huge profits for those who wanted to build a live streaming app.
Take a look:
So what exactly is this affiliate marketing method, you must be wondering? Well, it is placing a company’s product on your web page for advertisement purposes.
Usually, in the form of banners placed in a particular segment of the page, affiliate marketing employs the pay-per-click method, where interested/curious customers generate revenue for the blogger/website owner by just clicking on the banner.
So you see, your earning is just one click away! Use this alongside the subscription model. It is highly profitable.
Now that you have a fair idea of the key features and modes of income, you must already be asking yourself where to start, how to create the features, etc.
To answer this, you first need to know what a “Tech Stack” is. Yes, tech stack!
By the very definition, it’s pretty clear that an app’s tech stack is instrumental in gearing and retaining its short to long term stability. Without it, an app is as good as nothing. Follow the below-mentioned tools you can use to develop a live streaming app:
Now that you’ve gone through the tech stacks, let us tell you what kind of live streaming app you’ll actually be developing. Being the owner of an app, it is very important that you know the nature of your app and where exactly it falls.
Mainly, there are three types of apps:
[Note: this a highly technical topic. Would suggest you refer https://searchsoftwarequality.techtarget.com/definition/native-application-native-app for clear understanding]
Do it yourself is always a good thing, but what if you get technical guidance from professional expertise? Of course, that would be better.
There are more than 1.2 million mobile app developers in the market. Each with their unique specialized services and success records. All of them want to be the most preferred developer.
But you as an entrepreneur will have to make the right choice for live streaming app development. To do so, look for these things in the developer you wish to employ:
At Unified Infotech, we have a team of certified developers having years of hands-on experience. We provide cutting edge solutions catered to give our clients an entrepreneurial boost. Check our records here.
Feel free to connect with us. We’d be happy to help.
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