When choosing a cheer leaderboard on Twitch, when it comes to picking all-time, monthly or weekly to reset the cheer leaderboard for bits, which setting is the best?
Best Twitch Cheer Leaderboard Setting for Maximizing Bits Tips?
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After asking this question myself and starting to do Twitch.tv full-time now, I’ve come to the conclusion after looking at how others do it, that the ideal setting on Twitch.tv for the bits leaderboard is the same as my friend Albert or “REXnize“ has it here.
I think that the all-time setting is the best because it encourages competition among the very top contributors.
If you don’t know what bits are, bits give affiliates and partners on Twitch the ability to cheer for someone’s live stream, and then the streamer gets money out of it. It’s an awesome system. It works like this.
So, if I go over here on Twitch, I just click on “Get Bits,” and then you can see the Bits prices here.
$308 is the best deal you get with 25,000 Bits, and you can give live streamers $250 in tips. Every Bit is equal to one cent.
That means when you give a hundred Bits, that’s worth a dollar.
You can see on my friend Albert’s leaderboard, I’ve given him three thousand all-time in Bit tips, which is worth thirty dollars.
Now, you might think, “Well, why not do weekly or monthly and encourage new tips every week?”
“You see, when you do weekly it resets, and then people are encouraged to tip because your leaderboard then is empty.”
Well, here’s the problem.
When your leaderboard is empty, then all the people who have given something before don’t get anything and aren’t motivated to try to compete with each other.
When you have got an all-time leaderboard that all-time top spot to your very highest tippers can become something valuable.
In fact, for my business, I put Bits in that I use on Twitch as an advertising expense because when I am giving Bits out to a streamer and people come through, for example, my friend Albert’s channel, they see Jerry Banfield is the top tipper on there, then I’m likely to get new followers out of that.
I get recognized in the chat with an icon that shows I’m the top tipper and that encourages, especially on some of the biggest streams, the very top tippers to always keep giving more to keep that top spot, and it can also encourage people farther down on the leaderboard who want to take that top spot to give a whole lot more than they might otherwise.
For example, if Albert did his leaderboard weekly, anyone could just come through and drop in a dollar and have the very top spot most of the time because the three top people on Albert’s leader board often don’t tip during an entire week.
Now, if Albert does it weekly and I come back, I don’t even notice those other tips, but you see, I want to be the top tipper on Albert’s leader board. That way, every time everyone comes through every stream, I’m always number one, and therefore, if say Jake or Joe, who are both my friends, want to be number one, they need to give Albert a good amount of money to do that.
For example, Joe needs to give more than $20 for him to get number one, and then that encourages me to put in more, so I can be number one.
You see, the all-time system encourages your top tippers to keep one-upping each other.
Now, on Albert’s channel you might say, from an advertising business point of view, is it worth it for Joe, Jake and I to kind of duke it out for Albert’s top spot, given he’s got five or ten viewers on a stream, which is outstanding?
You can see that just on Albert’s stream, we could easily end up putting hundreds of dollars into one up each other for the top spot.
Now, imagine this on some of the top streams on Twitch when some of the top streamers have got millions of dollars.
I will just take a look randomly.
I have never seen some of these channels before and maybe not all of them, but I guarantee you some of these top channels will prove my point.
I’m doing this blind.
Alright, I looked up a few times before.
Now, this top channel does weekly and just totally ruined my point for that, but you see that it has 50,000 viewers right now.
I could come in and drop a $100 tip and I would get number one on this leader board in front of 50,000 live viewers.
Now, let’s go over to another one.
These leaderboards are killing me because some of these top streamers are setting them weekly to keep those regular tips in.
In this leaderboard, someone dropped $4,000 in a week.
I guess not everyone agrees with me and that people are doing the weekly leaderboard.
I’m going to go into a different thing, right now “Fortnite” is the top game, but let’s go to “League of Legends” and see what we can find on here.
Someone is going to agree with me.
You are telling me that for 12,000 viewers I can drop 500 Bits and I can get the top place on the leaderboard?
I’m going to do that right now.
For five bucks, I can get the top spot on this leaderboard?
I guess maybe it is worth doing weekly because look, I just got number one spot on this leaderboard now in front of 11,000 viewers.
There we go. Look, Jerry Banfield cheerful.
I wonder if I will get any followers.
So, you know what?
I’m not right about everything.
I just pitched the all-star one. I just explained why I think you should do it all-time, but I just looked at like five different streamers and they are not doing it that way.
I will be interested to see if I actually get any followers with a $5 tip on a random stream just to test it out.
You can see that five dollars for 11,000 viewers seems like a great deal. You can just take top of the chat.
So, you know what?
I don’t even know what I’m talking about lots of times. I’m setting mine to all-time. I’m just setting mine to all-time.
Why don’t you check my Twitch channel and see if I’ve still got it set to all-time whenever you look?
I just get proved wrong in my own tutorial video.
It’s not wrong because five people do it a different way.
So you can set it, however, the heck you want.
I don’t know.
I love you.
You are awesome.
If you found this video funny or entertaining, or you enjoyed it, will you please leave a like on it because you will feel good helping other people find it and seeing how helpful this was seeing me be wrong on my own video?
That’s what I get from not researching it beforehand.
I’m having fun.
I’m hanging out with my son.
I’m going to go tip $5 on other streams to see if I get any followers doing that.
You may be interested to read or watch my tutorials: Live Streaming on Twitch!
Edits from video transcript by Michel Gerard at www.michelgerardonline.com.