Some people say you can make millions of dollars playing video games online. They say you can become famous while at it, buy your favourite sportscar and earn a massive following on social media.
Is it true? Should you quit your job to make money from gaming? Not so quickly. You can earn money in the gaming industry. You can even become a millionaire, as you might have heard. But there are some caveats:
- It is not all fun and games
- You might need to spend money
- It takes the right personality
- It asks for patience and hard work
With that in mind, here’s a list of the best ways to make money from gaming in 2020.
#1: Become a Pro-gamer
A pro-gamer is someone who plays video games professionally. He might do it online or join a team to travel around the world wherever competitions are available. There are various ways to become a Pro.
First, you can look up online adverts to discover who’ hiring new gamers. You might then be asked to participate in an online interview or buy tickets for a physical meeting in London, LA, New York or Beijing.
Another way to start a professional gaming career is to register for local competitions. You see, gaming doesn’t have to involve teams. Fortnite, PUBG, FIFA20, NBA2K and several more games accept solo competitors.
If you win local competitions regularly, you can sign up for bigger tournaments. In major cities such as London, LA and New York, video game competitions attract up to $3 million in prize money.
#2: Become a Streamer
Some of the world’s most successful gamers are streamers. We are talking about $10 million per year rich, 10+ million fans famous. And that means people such as Tyler “Ninja” Blevins and Michael “Shroud” Grzesiek.
Elite streamers make more money than pro-gamers for several reasons. First, they work mainly online, accumulating fans on all social media networks. With social media stardom comes opportunities to make money through adverts, affiliate marking, and influencer contracts.
Ninja, for example, earns up to $1 million to market new video games for a month. He’s also famous enough to have convinced Microsoft to pay him $50 million to leave Twitch for Mixer.
Against that backdrop, streaming pays a lot of money but only to the elite, extremely famous players. Beginners tend to struggle at the bottom, broadcasting games to fewer than ten people at a time. Those who persist eventually succeed, but it could take months or years to make decent money.
#3: Become a Casino Player
The online casino industry is an enormous $90 billion industry. It is bigger than Facebook, Hollywood and Valentine’s Day Combined in terms of annual gross revenues made. But why should you care?
You can earn some of this money. No, you don’t need to buy a casino. You can make hundreds or thousands of dollars playing casino games professionally. Before you say it, you can also lose a lot of cash.
To ensure you make profits consistently, get several things right. Choose a few games and become excellent at playing them. If you select poker, practice and until you’re the best card player in your group of friends.
Then join a trustworthy casino. In Canada, Dreamz.com ranks at the top of the best gaming websites to join. It’s a mobile-friendly platform jam-packed with 1500+ slots and card games. It’s also generous and welcomes you with up to $1000 in bonuses.
Once you become a decent player and have a great casino to use, next up is to perfect your gaming skills. Find the best slots to increase your chances of winning. Discover new card tricks to become a better player. Repeat these tips, and there’s a chance casino gaming could become profitable for you.
#4: Start a Video Game Reviewing Business
Of the seven billion people in the world, two billion identify as gamers. There are over 450 million people who play and watch video games yearly if you narrow down to enthusiasts. That translates to billions of dollars spent on games worldwide.
And guess what? Many video game fans won’t buy a game before reading reviews. That creates an opportunity you can utilize to make money. The best part is that there’s no specific way of doing it.
For starters, you could launch a video game reviewing blog. Or you could start a YouTube channel with the same goal. To take the message closer home, you can start a channel on Twitch—the most popular video game streaming platform.
You can also provide your reviews on social media, local TV stations or through DVDs you sell on eBay and Amazon. But get this, your business’s success will depend on your knowledge of these games and creating trust in buyers.
#5: Work for a Video Game Company
Who said you must play video games to make money in the industry? There are tons of different jobs you can do. Let’s start with journalism. You can become a reporter for a TV or online magazine that specializes in video game content.
Or you can become a video game developer, designer, and all the people that turn concepts into actual video games. Still, you can work for the front office: provide customer service, marketing or management.
The bottom line is to work in an industry you love. So, find job opportunities online or in your city. Avoid new companies unless you’re willing to get paid little and grow with the business. Otherwise, choose medium-sized and large businesses for better payments.
It’s true what they say—you can make money in the gaming industry. But here’s what they probably don’t reveal. It’s not all fun and games. No one becomes a famous pro-gamer overnight. And very people become successful enough to quit their day jobs.
If you want to work in the gaming industry, though, identify an opportunity. Work on your skills and do what it takes to make money in that sector.