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Building a Live-Video Streaming Studio Isn't Close to as Expensive as You Think For fewer zeroes than you think, you can give your content an authentic immediacy and put your audience right in the middle of the action.

By Peter Daisyme Edited by Dan Bova

Opinions expressed by Entrepreneur contributors are their own.

ALotOfPeople | Getty Images

I've known for some time now that I need to do more video. The cost and time required, however, kept me away from the medium. Besides, I could always justify my delay with the longstanding conventional wisdom: Brands should operate like publishers.

My priorities truly started to shift a few months ago, when articles proclaimed that brands needed to prepare for video as a replacement for the written word. The rise of live-video solutions makes me wonder if brands and businesses should operate more like broadcast news stations instead.

Early adopters.

Live video has been an exciting fringe content-creation activity during the past decade. Some early social-content marketers embedded platforms such as Ustream and Livestream into their Facebook pages. Then Google+ allowed Hangouts to be livestreamed on YouTube.

Today, nearly every social platform has a live-video streaming integration or solution. The explosion of Facebook Live, Periscope and Twitch tipped the practice even further. Business owners can't put off video content any longer -- myself included. I finally acknowledged that I need to really delve into the topic, but I still didn't know the best way to do it on the cheap.

New features.

A few weeks ago, Facebook announced scheduling on its live platform. Content creators can schedule a live broadcast up to one week in advance. This also enables them to embed links to a future broadcast in websites, blogs, emails and other digital materials.

For me, this planning capability and the audience's greater acceptance of live-video streaming signaled it was time to take the plunge. And viewers' expectations mean my wobbly mobile phone's vertical view wouldn't cut it.

Before I invested in new equipment, I spoke with Geoffrey Colon, a communications designer at Microsoft who works on Bing Ads. His recent book, "Disruptive Marketing: What Growth Hackers, Data Punks, and Other Hybrid Thinkers Can Teach Us About Navigating the New Normal," shows how live video enhances brand awareness and engagement. Colon's tips can help every brand -- from small, local businesses to startup tech conglomerates -- operate like a billion-dollar live video network.

Related: 6 Tips to Double the Success of Your Video Marketing Campaign

Low cost, high impact.

Colon noted in a recent video how business owners can build a high-quality, live-video studio setup for less than $2,000. And most of that cost is the device you probably already own: your smartphone or tablet.

Colon breaks it down into four parts. "Every brand needs to think about four essential items that are now universally available to use, which democratizes this ability," he says. They are:

  1. Branding
  2. Devices
  3. Lighting
  4. Sound

"What used to cost upwards of $15,000 is now available to everyone for a fraction of that price," Colon says, "and no professional knowledge is necessary based on the ease and experimentation of using the app software."

The team at Microsoft starts with Bing-branded microphone blocks ($35 each) and a unit called a Padcaster ($190) that holds an iPad mini, an iPhone or a Microsoft Surface -- depending on the type of content. The rest consists of an F&V K320 light ($90), two MM-LSM 5 Stick Microphones ($140 each), a VT-16 tripod ($160) to mount the Padcaster and the Live:Air (pronounced Live to Air) app. It's this last piece that Colon believes is most essential. Live:Air helps stream content to a variety of platforms. You also can use the Pages Manager for Facebook app to stream directly to your Facebook page.

Geoffrey Colon's live video rig
Peter Daisyme

"I used this arsenal to broadcast live from Advertising Week in New York," Colon says, "and it gave Bing a huge advantage over our competition. Not only can you build a setup that streams from a dedicated room in your office, but you can easily make it mobile-to-broadcast from any street corner, at any event."

Stellar sound quality.

If you go mobile and cover events, it's important to pay equal attention to sound and picture. Jonathan Keith, Vice President of Content Development for Magnetic Agency Group, shoots brand-sponsored live video at events where sound matters -- Winter Music Conference, Coachella, Art Basel and more.

"The top priority is professional sound," Keith says. "An audience's threshold for bad sound is much lower than bad video. Think about it: How much dodgy web video have you looked at? Chances are, a ton. But crappy sound is a non-starter for everyone. Do yourself a favor: Don't rely on the internal microphone on your device. Invest in a decent handheld or lavalier mic. It won't break the bank and will instantly make your video feel pro."

Related: 5 Companies That Excel at Video Marketing

Colon's Padcaster mobile rig, used to capture several Pubcon 2016 presentations live on Facebook
Peter Daisyme

Emerging business models.

Live video is much more than cost-effective and popular. It's quickly becoming the way to build business models that didn't exist even 12 months ago. Colon cites several interesting players who are building their names strictly around live video. In the process, they're disrupting how audiences perceive content delivery.

"Entirely new business names are being built on the back of live video now," Colon says. "One prominent example is Cheddar TV, who launched live with a small crew, two personalities (one of them ex-Buzzfeed Jon Steinberg) and guests from tech companies from the floor of the New York Stock Exchange. They now are a reputable source for business news in a matter of months, not years, and did it at a fraction of the cost of what it takes both CNBC and Fox Business News to air live."

Related: Leverage the Undeniable Power of Video Marketing on All Platforms

Peter Daisyme

Entrepreneur Leadership Network® Contributor

Co-founder of Hostt

Peter Daisyme is the co-founder of Hostt, specializing in helping businesses host their website for free for life. Previously, he was co-founder of Pixloo, a company that helped people sell their homes online, which was acquired in 2012.

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