With the advent of new technologies, the gaming industry has grown exponentially. Hence, it’s no surprise that many gaming enthusiasts worldwide are now turning their hobby of playing video games into a lucrative full-time career.
It may sound too good to be true, but indeed there are plenty of ways to monetize your gaming skills. So, whether you’re a casual gamer or an avid esports player looking to cash in on your skills, here are seven (7) tips to make money while gaming.
1. Join Esports Tournaments
Esports tournaments have exploded over the past few years, and they’re now offering huge prize pools for top competitors. While some tournaments may require you to be part of an already established team, there are plenty of smaller, local tournaments open to individual players.
Yet, this type of competition isn’t for everyone, as it requires an immense level of skill and dedication. But if you feel like you have what it takes to make the cut, joining a few tournaments can be a great way to get your feet wet and begin making money from gaming.
2. Start Streaming
If you have a flair for showmanship and a knack for gaming, streaming is the perfect way to monetize your skills. Platforms like Twitch, YouTube Gaming, and Mixer are some of the most popular streaming sites that allow anyone to live stream their gameplay sessions and build extra income and wealth from donations, subscriptions, sponsorships, and ad revenue.
In addition, you can use these platforms to serve as a launching pad for other opportunities, such as product endorsements or coaching gigs. Plus, the good news is that anyone can start streaming today—all you need is a decent gaming PC, a good internet connection, and the right software.
3. Become a Game Tester
Like in any other industry, game development also requires rigorous testing before a company launches or publishes a new title. That’s why game studios always look for people to test their products to identify bugs and glitches and gather feedback on the gameplay or graphics before the game hits the market.
Game testing isn’t necessarily a lucrative career, but it can be an exciting way to get involved in the gaming industry while earning some extra cash. However, keep in mind that this type of work usually requires technical know-how and the ability to communicate effectively—not to mention long hours of tedious testing.
4. Play play-to-earn Games
Nowadays, there are many play-to-earn video games available that offer players an opportunity to make money in a fun and interactive way by playing the game itself rather than relying on ads or sponsorships. These games usually involve a combination of skill and luck, and they can be quite rewarding if you’re able to master them.
Try out some of the most popular play-to-earn games, such as Decentraland and The Sandbox, and earn tokens that can be traded for fiat currency.
5. Offer Coaching Services
A lot of amateur and intermediate gamers today are willing to pay for coaching services to improve their skills and strategies and have a better chance of winning tournaments or enhancing their stats. So, if you consider yourself an expert at a particular game, you can offer your services as a coach or trainer and charge a fee for it.
You can start by conducting online workshops, live streams, or webinars on topics such as team building, strategy development, etc., to attract more subscribers and generate income. Alternatively, you can also offer one-on-one coaching sessions, where you can provide more detailed critiques and personalized advice to your students.
6. Invest In Crypto Games
Crypto games have become hugely popular recently, and many gamers are now cashing in on these new opportunities. These games are often based on blockchain technology, enabling users to invest or bet cryptocurrency to win real money.
For example, you can invest in CryptoKitties, an Ethereum-based game where you can buy, breed, and sell digital cats. Or you can play in online casinos that accept crypto payments and try your luck in slots, poker, or roulette. Of course, playing these kinds of games comes with its own risks, so make sure to do your due diligence before investing in any crypto game.
7. Develop Your Own Mobile Game
Finally, if you have programming experience and a good eye for game design, you could try your hand at creating your own mobile game. Mobile gaming is one of the fastest-growing sectors of the gaming industry, and there are now countless opportunities to monetize your concept through app stores or in-game purchases.
However, developing your own game is no simple feat—it’s a long-term project requiring time, money, and resources. Nonetheless, if you have the necessary skills and dedication to exert effort in budgeting your paycheck, you could potentially reap the rewards in the form of royalties or licensing fees.
The gaming industry has come a long way over the years, and making money while gaming is now completely within reach. While it may not be as easy as playing games for fun, it’s definitely possible to turn your hobby into a lucrative career.
Whether you opt for streaming, esports tournaments, game testing, coaching services, or crypto games — the opportunities are endless if you have the right skills and dedication. So start exploring these options today and become one of the many successful gamers who make bank while playing their favorite games!