How To Start a Video Streaming Website Like YouTube

Video streaming has been growing in popularity over the last several years.
In December 2019 alone, people have watched more than 1.1 billion hours of live streams.
In combination with an industry value of $42.6 billion for 2019, this means there are countless opportunities for people with an entrepreneurial mindset. 
The purpose of a streaming website is to deliver on-demand content to its users, regardless of their location.
All they would need is access to an internet connection and a suitable device. 
If you’re wondering how to go about starting a video streaming website , you’ve come to the right place.
First, let’s outline the steps you will have to take:

Pick a niche
Buy a domain and hosting
Choose how to build your streaming site
Don’t forget mobile users
Find a theme
License content
Set up a revenue model
Market your video streaming website

Let’s go through each of them in more detail. 
 
Pick a Niche
First, you need to pick the market niche you would like to enter.
T hat is a crucial step that will outline your streaming website’s general direction. 
In case you’re unfamiliar with the term, a niche refers to a particular subset of an industry.
To give an example, first-person shooter (FPS) and real-time strategy (RTS) games are separate niches of the gaming industry. 
While it’s possible to create a video streaming website with a broad scope, it’s not advisable.
That is because you will have to compete with established giants like Twitch and rising platforms like Mixer. 
You have a higher chance for success if you focus on a particular audience with laser precision and cater to its specific needs. 
Of course, as you grow, you will have the possibility to widen your reach. Still, you should first focus on building a loyal user base. 
 
Buy a Domain and Hosting

After you pick a niche, it’s time to buy a domain and find a hosting provider. 
It’s important that your domain name and your niche match each other.
That will make it much easier for people to understand what your streaming site is about even before they visit it. 
Furthermore, it should be simple and easy to remember.
After all, you want people to quickly identify your site’s name in a conversation and remember it so they can check it out later. 
It might be hard to use the name you like with a top-level domain like .com, but you should still try.
If it’s not possible, experiment with extensions like .tv, .stream, and many other options.
Afterwards, you need to get yourself a reliable hosting provider.
Due to the nature of streaming sites, you will need a VPS plan with:

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