How To Make Money In Esports?

If you’re looking to make money in esports, there are a few avenues you can explore. Here’s a look at some of the best ways to do it.

Introduction

Playing video games for a living sounds like a dream come true for many people. And it is possible to make a good living playing video games. But it’s not easy. It takes a lot of hard work, dedication, and natural talent to make it to the top levels of competitive gaming.

And even then, there’s no guarantee that you’ll be able to make a living off of prize money and sponsorships alone. That’s why many professional gamers also supplement their incomes by streaming their gameplay on platforms like Twitch and YouTube, or by working as content creators and consultants for gaming companies.

If you’re serious about making a career out of playing video games, then here are some things you can do to increase your chances of success:

1. Train hard and get good at one game: It’s important to be able to play multiple games at a high level, but it’s even more important to be the best at one game. Find a game you’re passionate about and put in the time to learn all the ins and outs. The more you practice, the better your chances of becoming a professional player.

2. Join or form a team: Most professional gamers are part of teams that compete in tournaments together. It’s easier to get noticed by sponsors and tournament organizers if you’re part of a team than if you’re trying to go it alone. Plus, playing with others can help improve your skills and strategies.

3. Stream your gameplay: If you want to make money from gaming, then streaming your gameplay is one of the best ways to do it. Platforms like Twitch offer gamers a way to build an audience of fans who will watch them play games for hours on end. And if you can build up enough of an audience, you can start earning money from donations, sponsorships, and advertising revenue.

4. Create content: In addition to streaming their gameplay, many professional gamers also create written or video content about gaming – such as strategy guides, reviews, or commentary videos. This is another great way to earn money from gaming, as well as build up your profile as a gamer/content creator.

5. Work as a consultant: Many gaming companies will hire consultants – usually former professional gamers – to help them with product development or marketing efforts related to specific games

The Different Ways To Make Money In Esports

There are a few ways to make money in esports. You can be a professional player, you can be a coach, you can be a content creator, or you can be a streamer. Each one of these options has different requirements and different earning potential. Let’s take a look at each one in more detail.

Sponsorships

A less common but still viable option for making money in esports is through sponsorships. While not all esports athletes will be able to snag sponsorships, those who are at the top of their game and who have a large following may be able to do so.

Sponsorships from brands can come in many forms, but usually, they involve the brand paying the esports athlete to use and promote their products. For example, a sponsorship from a gaming chair company might involve the athlete using and endorsing the company’s gaming chairs.

In some cases, sponsorships may also involve the brand paying for the athlete’s tournament expenses. For example, a mobile phone company might sponsor an esports athlete by paying for their travel and accommodation expenses to attend a major international tournament.

If you’re an esport athlete with a large following, then landing sponsorships could be a great way to make money in esports.

Tournaments and Prizes

According to NewZoo, global revenues for the esports industry are expected to reach $1.79 billion by 2022. Tournament prize pools have been steadily growing as well, with The International 2018 (Dota 2) awarding a record-breaking $25.5 million to its winners. While only a limited number of professional gamers can make a living from playing in tournaments, there’s still a lot of money to be won.

Of course, not all tournaments are created equal. The prize pools for smaller competitions can be as low as a few hundred dollars, while the biggest events in the world can award millions. Major tournaments are usually organized by game publishers or third-party organizers and feature multiple stages leading up to the finals. These events tend to take place offline (in front of a live audience) and last for several days or even weeks.

Streaming

Streaming is probably the most common way that people think of when it comes to making money in esports. If you’re good at a game and you enjoy playing it, then why not share your passion and skills with the world by streaming? You can stream on platforms like Twitch and Youtube Gaming and if you build up a large enough following, you can start making some serious money.

Of course, it’s not quite as simple as that. It takes dedication and hard work to build up a large enough following to make a full-time income from streaming, but it is certainly possible. If you’re willing to put in the effort, then streaming could be a great way for you to make money in esports.

Conclusion

So those were some of the ways you can make money in esports. As you can see, there are a lot of options available, and which one you choose will depend on your own individual skills and interests. Whether you want to be a professional player, a coach, a caster, or work in the industry itself, there is definitely a way for you to get involved and start earning some money from esports.