Blogging doesn't need any introduction and it has wide potential. Today, blogging has deep roots and recognition from the masses unlike 19 years back when I started blogging. Though we may see a shift from written blogs to video blogs blogging has stayed and become even more rewarding. 10-15 years back, I earned lakhs now with video blogging we can earn even crores of rupee and there are many examples present in front of us. In video blogging, youtube has an edge over Facebook because it offers more options to the users. Youtube's monetization program is more simple and more rewarding than Facebook, therefore, youtube is preferred by many content creators. Facebook knows it and it tries to break this trend. They want to attract more content creators to their platforms by providing them more rewarding opportunities.
About Facebook Stars
Facebook says -
Facebook Stars is a feature that allows you to monetize your stream. Viewers can buy Stars and send them to you while you're streaming. Fans can also send animated, virtual gifts attached to different Star amounts that will appear in your stream. For every Star you receive, we will pay you $0.01 USD. (Learn more)
To counter youtube and attract content creators towards itself Facebook has introduced the Facebook stars monetization program in which Facebook users will get a chance to monetize their stream by getting stars from the viewers. To start using this program, your page needs to be approved for it. Once approved, you can accept stars from your page audience for your videos, reels, etc. You can see an example of it in the pictures below. You can also see it live example on my Facebook page Rumi quotes with meaning
Once approved for facebook stars the 'Give Stars' option start appearing below your video content. When people will click on the give or give stars option then they will see three options for sending stars. People can select any one of them as per their willingness to give. Each star is equal to $ 0.01 USD and creators will get payments accordingly in their currencies.
This program is similar to a donation program where the audience supports their favorite creators and it is not dependent on the advertisement. Many times, the advertising experience is very annoying and many people don't like it.
Now how much success the Facebook stars program will get depends on many things and only time will tell. The payment setting for creators is similar to Google Adsense and the minimum threshold is $ 100 for payment. Payments will be sent after 21 days.
Note- Facebook is still introducing this program so it is not showing all the facebook versions and mediums.
I have enrolled in this program and will share more detail in the future that it is helpful or not to monetize your video streams.