Making money playing video games can be a dream come true and for some it could be a life changing moment.
The question is that is it really possible to be able to play games and make money at the same time.
The answer is absolutely YES, YOU CAN!
The only problem is HOW which we will be discussing in this blog as your read further.
As a gamer, making money can be a tough thing to do. Especially in the beginning stages when you have just started out, it’s seems almost impossible to make money while playing games.
However, the good news is that the possibility of making money while playing games and the career out of it is really bright. You just need to work a little harder, game a little more than you do and the journey can be a really bright one for you.
There are so many gamers who have made a fortune in the gaming industry. Pewdiepie as you all know is a great example of a popular gamer who is now a millionaire and has made a fortune in the gaming industry.
Another example is Ninja who now has around 22 million subscribers on YouTube and he makes money playing video games.
The question now arises that Pewdiepie and Ninja though maybe gamers but they are also YouTuber’s. Similarly, many gamers on the web make a lot of money through YouTube. Does this mean that one has to be a YouTuber in order to make money through gaming?.
The answer is that it really does not matter because there are thousands of ways to make money through gaming. All you have to ask yourself is which way you want to choose. And when you decide how you are going to make money out of gaming, you have to stick to that method.
There are several gamers who make money by helping beginner gamers complete hard levels. They can charge anywhere between $20 to $80.
There are gamers who help other gamers become good at a particular game like CS:Go, MMORPG games like League of Legends, Dota 2 or even Fortnite. They can charge about $99 to $499 for a single gaming coach. Imagine if you could coach just 10 players, you could make about $999 to $4990 dollars.
The gaming industry is broad and if you are really serious about it then you should definitely start brain storming ideas and do some good research about the gaming industry.
In this guide, we have made a list of 5 methods by which you can make money playing video games. With these strategies you will get a good idea about how you can make money through gaming by the end of this blog.
1. Gaming Coach
A gaming coach to make money sounds like a really good idea and it is one of the best ways to make easy money through gaming. A gaming coach basically means that you are going to coach a beginner gamer in a certain game.
The game can be League of Legends, Dota 2, Call of Duty or any other game that requires skill or deep game knowledge.
It is actually FREE to start this business and all that is required is your social media profile and your twitch streaming accounts. However, you might want to consider investing in online marketing to get a coaching website where you can bring in clients and get paid. At the same time, you also need an extra hand in marketing in which you need to spend some money in order to promote yourself as a coach.
How to start?
Game coaching or tutoring is done through a gaming headset which allows the coach to communicate with the gamer who needs coaching. The communication process is fairly simple as you can just use Skype or Facebook free calls to call your gamer who needs coaching.
#1 – Get your portfolio ready – Before you even think of contacting clients, you need to have a set of portfolio showcasing your work as a coach. This basically means that you need to setup your YouTube channel, Twitch, Instagram, Facebook page and any other forms of social network apps where you can showcase your gaming talents and skills. This is a very important step as it helps you convince your clients to buy your coaching service. Clients before spending their money will definitely research about you and your skills therefore, having a good base will give you an upper hand in getting the deal. The best thing to do if you have zero videos is to just record your gameplays and upload them in social media.
#2 – Set your pricing – Pricing is another very important thing to be conscious of. In the beginning stages of your business, you need as much clients as possible. To get those clients quickly, you need to set a price that gives your enough profit and is affordable for the gamers as well. The reason is because when you first start, you need to start building up your client base which will directly help you build your base portfolio. It is those clients and their reviews who is going to help you get more clients. Therefore, pricing is a big factor in determining how fast you will grow. It is just better to charge less in the beginning unless if you already have a good fan base.
Best pricing to start with is an hourly based pricing between $10 to $40. This will make your services affordable for clients. #3- Get a website – Getting a website can be a little intimidating if you have no idea about how to create one. However, it is also very important to get a website to display your work and also accept customers and their payments. There are several things that a website can help you with for example, it can help you manage your customers, track the rate of sales per 1000 visitors and just build up something that allows you to coach fully online with ease. The limits are endless and the current tools and technologies today can easily help you get a website for your business.
Squarespace, Shopify are some of the website providers that can help you get a website which is easy to run and manage. There is not much coding involved and you can easily setup a website within a couple of hours because these website providers have built in site builders. However, if you do have some knowledge about building a site then you can always choose WordPress which is one of the best ways to build a website.
#4- Start promoting through ads – To make more money, you need to spend money and that’s a rule that works 100% of the time. If you want results fast and get your coaching business rolling, you should definitely spend your money on ads. Facebook ads is one of the best and the cheapest options here as it is very easy to setup and you will also be able to target the right customers at the same time. Other promoting methods are Google ads, YouTube ads, Email marketing and there are so many other ways to promote your business. If you have less marketing capital then definitely consider word of mouth marketing where your first group of friends can be the starting point towards your business promotion.
#5- Be active on social media – Social media is the ultimate platform for free organic traffic to your business therefore, keep a goal to post at least once a day across your social media platforms. Instagram is huge and one of the best places to promote your business accompanied by Facebook pages where most of the people constantly engage themselves into the media environment.
#6 – Choose your payment gateways – Once you have your business setup online, you need a payment gateways to be able to accept payments online. This is a very easy step to do yet one of the most important steps as it allows you to collect money through your clients. Some of the payment gateways are Paypal, Patreon, Stripe.
2. Stream on Twitch
Twitch is a game streaming platform where viewers can watch other players play their games. Popular Twitch streamer Ninja made ~$10 million in 2018 from ads, sponsorships, and Twitch subscribers.
Now that’s an exceptional success case where a gamers earns just too much money. However, statistics show that an average twitch streamer makes around $10,000 to $40,000 per year. That’s still a fair amount of money especially when you are making those bucks playing games.
How to start
To get started making money on Twitch, you must become a Twitch Partner. To do that, you need to have:
- At least 500 total minutes broadcast in the last 30 days.
- At least 7 unique broadcast days in the last 30 days.
- An average of 3 concurrent viewers or more over the last 30 days.
- At least 50 Followers.
Once you become a Twitch Partner, you can start earning money through ads. You can also get sponsorships through different companies and get paid through sponsor promotions.
- If you already have a camera and a Laptop then your early investment can be $0. Unless if you want better sound quality, you can invest around $40 to $100 to get a good microphone. Otherwise, your early investment is going to be nil.
- You can invest the rest of the money into making your Twitch Channel and brand look more attractive. This involves getting a new Logo for your twitch channel, investing in a gaming intro and so much more.
- You can get all of those services for a very cheap price on Fiverr.com which is a website where you can get logo designers, video editors, video animators, graphic designer for around $10 to $100 depending upon your project and demands. A cheap logo design will cost you as low as $5 -$10 USD and video intro for your channel can cost you around $10 to $40 on fiverr.com.
- Some of the marketing strategies that could be helpful is YouTube ads and Facebook ads. These two are the best platforms to promote your Twitch channel at a very less price. For $100 you can reach upto 100,000 people on Facebook and with YouTube ads, depending upon the cost per view, for $100 you can get about 10,000 to 50,000 views on your Twitch channel.
- The idea for spending money on Youtube and Facebook ads is not to make money but instead to gain more followers and subscribers on YouTube as well as Twitch. So if you spend $100 on Facebook ads and get 100,000 – 1,000,000 views depending upon how viral the video goes, you can easily gain 1000 – 10,000 subscribers who are going to be the building blocks of your twitch channel in the future.
- The next steps are fairly simple, you just need to post regularly and stream regularly.
3. Play and compete on Tournaments
Although this may not be a constant source of income for you, however, you can definitely give it a try and its a great way to earn extra cash. If you live in a city or near a city like New York, California, London, Toronto, Tokyo, there are surely hundreds of tournaments going on right now. One of the world’s top e-sports competitor, Timothy Miller (aka “Bizzle”), earns around $322k per year participating in Fortnite tournaments.
This is probably the easiest way to make money playing video games however, it is not a constant source of income unless if you constantly win and if you are good at a particular game.
4. Get Signed on an eSports Team
Another good way to earn money is through an eSports Team. Esports players earn an average of $1,000 to $5,000 per month — or about $60,000 per year.
Dota 2 being at the highest position to pay players. Other top games include Counter-Strike, League of Legends, StarCraft, Call of Duty.
However, you don’t have to be a player to make money in eSports. There are multiple other career paths, such as:
- Hosting esports events
- Coaching other online players
- Streaming and commentating on esports matches
- Acting as a referee
- Sales and marketing specialist
- Social media manager for a team or game producer
5. Farm/Trade In-Game Currency/ Items
This definitely sounds like a good idea and if you are a die hard gamer, who spends most of his time gaming then this option is a really attractive one. There are many Free to play games online like Dota 2, Call of Duty mobile, Counter-Strike GO, PUBG. In fact these are some of the top games where you can earn serious money.
In Dota 2, some of the items like Anti-Mage Basher has a price tag of about $1000 and many other items cost around between $1 – $500 depending upon the rarity and item drop rate.
Even in CS:GO many items have a real high price value and that’s not the end yet. You can also farm in Game currency and trade those for some rare items that you can sell in the market.
These are some of the most expensive items on CSGO:
- AWP | Dragon Lore – $1555.
- M4A4 | Howl – $1079.
- AWP | Medusa – $862.
- Karambit | Case Hardened – $258.
- AK-47 | Fire Serpent – $197.
- M9 Bayonet | Crimson Web – $193.
- AK-47 | The Empress – $63.
- P90 | Emerald Dragon – $28.
Some of the most expensive items on PUBG:
Black School Uniform Set (Female)
Sell for $1,540 | Buy for $366
Sell for $1,349 | Buy for $1,001
Ivory School Uniform Set (Female)
Sell for $701 | Buy for $502
Sell for $610 | Buy for $575
Tuxedo Set (Female)
Sell for $490 | Buy for $240
Sell for $458 | Buy for $376
Blue School Uniform Set (Female)
Sell for $402 | Buy for $249
Sell for $400 | Buy for $380
Sell for $320 | Buy for $126
Pleated Mini-skirt (Blue)
Sell for $224 | Buy for $243
As you can see there are so many valuable items in the market and the good news is that there are online platforms where you can sell these items for real cash apart from the Steam Community Market.
There are so many other ways to make money through gaming. For example, you can also sell gaming merchandise online, you can make money through blogging or just uploading videos on YouTube. However, the methods of making money given above is strictly for those who are just serious about gaming and playing video games and who want to leverage their time spend on playing games into making real cash. If you venture outward and start going towards, YouTube
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