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[moneyman]

During the middle to late 1990's, this was big. There was a ton of money in it since the only streaming of music online was through them, and there were no iTunes or AmazonMusic or any other services yet to compete with it except for traditional radio stations which were and still are more restricted than internet music sites are.

It has become saturated however, and there are now tons of music streaming services of every kind which are both ad-supported (free to listen) and paid subscription with everything from iHeartRadio to Spotify.

Do you think that there is still a way to monetize this and make money from it in the middle to late 2010's where we are now? Or do the major corporations have too much of a monopoly on it for us to start a music streaming site and profit from the ad revenue even if it is free?

Are there too many music laws on new streaming sites and online music to do this?

 

[Vishwamitra]

Online Radio station can fetch money because it can be used while we are in car or working. Radios are very popular in my country and this would add a new dimension to it.

 

[ziondollars]

You cannot start an online radio and make money overnight you need listeners large listeners will link you with advertisers that will pay you

 

[Vladv26]

You cannot start an online radio and make money overnight you need listeners large listeners will link you with advertisers that will pay you

That's right, you need months and probably years until you can build a large enough audience in order to make money from sponsors

 

[Josemendez]

I believe that the answer to this question lies on the region one comes from .there are some places where use of radio is still lucrative whereas there are others where people don't even have time for it .

 

[Ben Kempton]

There are some business that are special and they are different from any other businesses.
With the right mindset and patient soul, starting a radio station business will surely become a success for the owner.
With a good plan, radio station business don't usually run down, they remain for life. Although at the beginning the business might have very low listeners but with time, you will get more than you bargain for.
And you will surely get more than enough money from the business when it becomes a success. To me the success rate of any well planned radio station business is more than 70%

Starting an online radio station might be a hard thing to do. This is because you may initially need to set up your own radio channel and you must also hire people who could become a part of your radio team. I have attached the screenshot of a radio site that helps you to set up your own radio channel. I just hope that other members like @btaliat , @Wisdom01 @Xrin Nightfall , @Yugocean and @Potuse may also find it helpful.

 

[Potuse]

Starting an online radio station might be a hard thing to do. This is because you may initially need to set up your own radio channel and you must also hire people who could become a part of your radio team. I have attached the screenshot of a radio site that helps you to set up your own radio channel. I just hope that other members like @btaliat , @Wisdom01 @Xrin Nightfall , @Yugocean and @Potuse may also find it helpful.

View attachment 213380

I have known you to be very helpful and I wouldn't doubt your judgement for any reason. I will look at the website and give you feedback on what i got. It will be a nice idea to start one if it will be cost effective and I'm definitely going to give it a try. The purpose of the forum is to help each other and share ideas so that we can grow together. This is what Ben has just done.

 

[Ben Kempton]

I have known you to be very helpful and I wouldn't doubt your judgement for any reason. I will look at the website and give you feedback on what i got. It will be a nice idea to start one if it will be cost effective and I'm definitely going to give it a try. The purpose of the forum is to help each other and share ideas so that we can grow together. This is what Ben has just done.

Thanks a lot! I have always proved to be really helpful to members in here on the forum and I feel happy to help as always. The fact of the matter is that setting up a radio might never be an easy thing to do. You must invest money and make sure that you get the right amount of ratings for your radio channel.

 

[Potuse]

Thanks a lot! I have always proved to be really helpful to members in here on the forum and I feel happy to help as always. The fact of the matter is that setting up a radio might never be an easy thing to do. You must invest money and make sure that you get the right amount of ratings for your radio channel.

I have checked the website and it isn't free at all, but the premium prices are reasonable. I don't think I have such budget for now but it is worth taking note of for the future. I can still consider to start one if it is free. It is really a helpful information that is worth keeping for future Investment.

 

[Ben Kempton]

I have checked the website and it isn't free at all, but the premium prices are reasonable. I don't think I have such budget for now but it is worth taking note of for the future. I can still consider to start one if it is free. It is really a helpful information that is worth keeping for future Investment.

Yes, the website is not free and i do not think that there is any kind of free platform that allows you to host online radio channel. They have many plans and the premium plan allows you to have as many listeners as you want with an immense amount of bandwidth in the channel. So, it might be worth trying.

 

[Yugocean]

@Ben Kempton thanks for this, I will discuss about it in our organization, the only problem is members who take care about most of conversion are deaf, so we will authorise some else to set up radio station if it works for us.
If this earns too, then it will do much better.

 

[Xrin Nightfall]

Starting an online radio station might be a hard thing to do. This is because you may initially need to set up your own radio channel and you must also hire people who could become a part of your radio team. I have attached the screenshot of a radio site that helps you to set up your own radio channel. I just hope that other members like @btaliat , @Wisdom01 @Xrin Nightfall , @Yugocean and @Potuse may also find it helpful.

View attachment 213380

Before starting a radio station you need to do the following things:
Put in your request for a frequency. It is possible that a significant amount of time will pass before a frequency is allotted to you. Make an application for a license. Even though the power output is negligible, it is against the law to operate a radio station without a license. Determine where the money will come from. Keep in mind that you will need to pay for a variety of items, including studio space and power.

 

[btaliat]

Starting an online radio station might be a hard thing to do. This is because you may initially need to set up your own radio channel and you must also hire people who could become a part of your radio team. I have attached the screenshot of a radio site that helps you to set up your own radio channel. I just hope that other members like @btaliat , @Wisdom01 @Xrin Nightfall , @Yugocean and @Potuse may also find it helpful.

View attachment 213380

I will surely check up the website to know how it runs. I know and I have heard many people talking about having online radio. In fact, most radio presenters in my country are now running their own version of online radio. This makes them to even broadcast from anywhere.

 

[Ben Kempton]

@Ben Kempton thanks for this, I will discuss about it in our organization, the only problem is members who take care about most of conversion are deaf, so we will authorise some else to set up radio station if it works for us.
If this earns too, then it will do much better.

So, what kind of organisation do you work for? Is it a kind of organisation that tends to work with certain kind of people?

I will surely check up the website to know how it runs. I know and I have heard many people talking about having online radio. In fact, most radio presenters in my country are now running their own version of online radio. This makes them to even broadcast from anywhere.

Yes, kindly check their plans as well. They offer exceptional plans with great bandwidth limit and listeners limits as well. It is a kind of website that uses PayPal to collect payment from subscribers.

 

[Yugocean]

So, what kind of organisation do you work for? Is it a kind of organisation that tends to work with certain kind of people?

It's social NGO, or NPO, (works for needy, especially disability sector) but due to lack of revenue; our activities are limited.
I am also trying to make others understand online earning, but this is also difficult due to language problem (all are non English).

 

[btaliat]

Yes, kindly check their plans as well. They offer exceptional plans with great bandwidth limit and listeners limits as well. It is a kind of website that uses PayPal to collect payment from subscribers.
[/QUOTE]
Though I don't have the intention of running a radio station now as there is no much available niche I can easily hook onto. I only wish there are many ways of making money using this online radio platforms. I guess money can only be made through advertisment only or is there other ways of making money on it?

 

[Ben Kempton]

It's social NGO, or NPO, (works for needy, especially disability sector) but due to lack of revenue; our activities are limited.
I am also trying to make others understand online earning, but this is also difficult due to language problem (all are non English).

Oh, so you have a day job in that organisation? I think that using radio and other kind of media could prove to be helpful when it comes to expanding the possibilities of raising awareness and collecting donations, since such kind of organisations usually rely a lot on charities in order to operate. Radio could play a big role to market such welfare organisation.

 

[btaliat]

Though the radio streaming niche is saturated, only the old gurus are still making money out of it. the niche is no more popular or in vogue as it used to be. people now resolvec watching videos than listening to audio. even if you intends to monetize your radio streaming site, the demands in service wont be that much as in videos.

That's a right observation. People can still endure to use their data if the streaming is video, only few will do when it is audio except of course if the program anchorer is lucky to have a catchy niche that catch most people attention. Aside that, it is not advisable starting online radio with huge money.

 

[Ben Kempton]

That's a right observation. People can still endure to use their data if the streaming is video, only few will do when it is audio except of course if the program anchorer is lucky to have a catchy niche that catch most people attention. Aside that, it is not advisable starting online radio with huge money.

When it comes to making money through radio, you can make money if you have many followers. I am sure that there must be a way to know how many people are listening to your radio channel. You can also contact advertisers and let them know about your number of followers and they will help you generate advertising revenue if you have adequate number of followers.

 

[btaliat]

When it comes to making money through radio, you can make money if you have many followers. I am sure that there must be a way to know how many people are listening to your radio channel. You can also contact advertisers and let them know about your number of followers and they will help you generate advertising revenue if you have adequate number of followers.

Gone are the days radio owners make money through the listeners. These days, people make money through advertisment that is done on such online radio stations.

I would have as well checked and even registered on the radio website that you shared but the subscription is much to be factual.

 

[Ben Kempton]

Gone are the days radio owners make money through the listeners. These days, people make money through advertisment that is done on such online radio stations.

I would have as well checked and even registered on the radio website that you shared but the subscription is much to be factual.

There are a few people who still listen to shows conducted on radio, despite the fact that the number might have had decreased to some extent. However, some radios have also taken a new form like a podcast, but still listening to shows that are conducted through audio means is still much popular method.