Usually this is advice I tell startups in-person, but as an avid small business/startup enjoyer I figure I'll share it more publicly...
Diversification (in all aspects) of your business is essential, and sadly it's not often thought about until its importance is staring you in your face. Something you rely on could have major changes/go under at any moment.
People have talked about this with platforms like YouTube, Twitch, and TikTok, but they don't always consider it for other important aspects of how they make money.
With the news today about StreamElements, I'm extremely happy this creator is able to continue their business seemingly without further disruption, but the short scare really does hammer down the importance of not putting all your eggs into one basket (especially when carrying that basket means keeping the lights on!)
We are aware of the recent rumors about StreamElements closing and we’re still trying to process everything.
Creating widgets has been pretty much our full time job for the past couple of years and we poured so much time and effort into building a huge portfolio of products that relied on StreamElements. We are as frustrated as you are and honestly pretty scared about the future!
We are considering all possible already existing tools or even something a bit more exciting. Who knows, maybe this is the beginning of something new! Not sure what comes next but we hope StreamElements gives everyone a grace period to fully transition, which will gives us time to do the same! We also hope we get the same kindness from all our users because from now on, we will have to rework dozens and dozens of widgets and make them compatible with totally different systems.
We apologize in advance for any delays with finding the right alternative, re-releasing widgets and even replying to tickets. We will be doing our best to make this transition as easy as it can be and your support and patience will mean a lot 💜
We're also actively listening to suggestions on Discord so feel free to stop by!