Basic Detailed Procedures to follow for professional online audio streaming

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What are the basics and detailed procedures in conducting a professional online audio live streaming? What are the gadgets that one would need in fulfilling such task? What are the difficulties or challenges surrounding the streaming of an audio signal live on the internet? My name is Jason from Ghana. I would like to stream a seminar presentation live on the internet for a friend of mine who cannot make for the training due to some personal challenges. Thank you.

 
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