Sometimes I play video games and I am kind of one game player. I love my Star Wars game, I don’t play anything else. I never tried to earn money playing it but, yes, you can earn money playing games, others are making a lot of money already and you too can catch up. I am drawing a simple analogy, the way professional sportsmen and women earn money, online e-gamers too can make money. The philosophy is simple, if you can get enough followers to watch you and follow your moves and choices, then people and businesses should offer money to endorse their products and services.
Skill and marketability matters in online gaming world. Professional gaming is catching up with mainstream sports and ardent gamers are enhancing their skills. Universities started offering scholaships for e-gamers. There are sites out there to teach you how to make money by playing video games.
Generally, the gaming world is in direct contrast of the working world. Usually associated with the introverted teenager or negligent adult who is wasteful with their free time. However, breaking all stereotypes, the two worlds are beginning to merge, with gaming now a practical career to the skilled joy stick holder and places of work integrating gaming as an alternative to the hourly lunch break, the disparate domains are slowly becoming one.
(Also Read- 101 Side Hustle Ideas and How to Earn Fast Money Legally)
From playing video games. To the readers that are not sobbing into their keyboards, this feels like the perfect segue to inform; that, you too can make money from playing video games. Of course, you’re very unlikely to become a millionaire and no, you will not be able to leave your jobs. But, you can very easily pick up some spare change, just from playing a couple of hours every evening.
I’ve listed the methods that have worked however, these are not sure-fire formula and also not the only techniques out there, they are just what have worked for me. Be sure to do your own extra research, to maximize your extra income.
Ways to earn money playing online video games
Not everyone but, I am sure, if you live and dream video games, you can earn some money. How much you earn depends on how good you can play.
By Being a champion gamer
Sites like Litcoin let you compete with other players in games like, league of legends, counter strikes, etc. You will earn in Bitcoin which can be exchanged at shops for real goods and stuffs.
Sites like Major League gaming provides all of its users access to tournaments and leagues. if you win you will earn money in real currency. Almost all of the famous games have a league/championship for its players to compete in.
Just by playing selected games
Sites like Swagbucks and Inbox Dollars pay when you play games using their links. Once you sign-up, you’ll receive many offers. Simple start playing and watch your accounts accumulate money.
There are dedicated sites that offer you sign up bonus and rewards when you play games. Here’s list of 11 sites that pay for playing video games.
Account Selling and Trading
With almost all online games, one has an account. Within that account there are certain accolades to acquire, in game currencies, items, so and so forth, with there being a differentiation in each game. The more hours you have put into a game, the more prosperous your account is likely to be, in turn raising its value.
Many lazy gamers are not willing to put in the hours of work to create a successful account and would much rather buy the account. This has created the niche of many account selling sites, like the leagueoftrading – which specialises in league of legends accounts. If you cannot find a site specific to your game, throw an ad on eBay, you’d be surprised how quickly they sell.
There are certain guidelines that you should follow when buying/selling your online game accounts. Sites like eBay doesn’t allow selling of virtual property as they are more prone to fraud. Websites such as Armory Bids or Player Auctions exist and see regular trading of accounts. You can fetch real money selling your virtual characters as well through these sites.
When you’re buying stuff, do check with terms of your game, whether buying stuff from someone else is legal before you buy.
By selling virtual properties
People may also sell properties in virtual world. Gamers who play Second Life can develop virtual land properties and sell them other gamers on monthly rent or at a one time cost. There is real money in virtual world and there are people who made millions selling virtual properties.
Games where you can build on something that is already provided, and if you market it enough, other gamers would be interested to pay your property a visit. If they like it, it becomes famous. And eventually there will be buyers knocking on your virtual account for a sell.
Games like Entropia, Arcadia are prime examples where you can buy/sell your virtual property for real money.
Coaching and Boosting
Now, this method, isn’t as universal as the others featured on the list. Although, they all require some level of gaming ability, this requires expertise. As with any field, people pay top dollar for good coaching, let me reiterate, good coaching!
Not anyone can do this, you have to be able to compete with the top players in the world at your game, if this is you, scour Google for coaching in your game and get yourself advertised. Boosting, however, can be done by anyone.
For those who are not aware, boosting is assisting other players in multi-player games, so they can reach achievements and rank higher on leaderboards.
The act of boosting has become taboo in most games, meaning players are willing to pay more for those that are willing to assist them. Similar to coaching, search google for boosting in your game. Here’s more info on making money by coaching video game players.
By using your fan base on YouTube
This method is the most time consuming and requires a vast amount of dedication, also, it has the highest percentage of failure in comparison to others listed.But if you get a success, this will earn maximum money for you.
The YouTube technique involves; creating a YouTube account, recording gameplay of your chosen game, editing said gameplay and adding narration so that it is now entertaining and informative, uploading the video to YouTube and waiting for the views to roll in. See, time consuming.
Industry is also very saturated, meaning you would have to create something astonishing to stand out. Nonetheless, if you make it here, the rewards are insane. The most subscribed youtuber in the world, just plays video games and is now a multi-millionaire. This guy, a 24-year-old Swede named Felix Kjellberg, better known by his YouTube handle, PewDiePie makes millions every year by running ads on his your tube videos. They are nothing but Gameplay videos with some acting and humor added in.
Can you be one?
Testing Games before they release
A fairly self-explanatory procedure, game developers sometimes need outside testers to come and try their games. If the bragging rights of playing a game yet to be released wasn’t enough, you are also paid to do so.
But it’s not as rewarding as the other ones mentioned above, testing a game to find bug may not seem interesting to many, as opposed to playing for fun.
Whatever way you make money gaming, remember earning from a virtual world is taxable in real world. You can’t escape that. Earning money in a legitimate way is always rewarding so, go for it! If you love games, why not earn while you enjoy playing.
I guess if people are going to spend their time gaming no matter what, it’s nice that they can bring home a little cash. But if people (especially kids) could get paid to eat junk food or watch movies, I’d still recommend them getting a minimum wage job doing manual labor or even working at Walmart instead. But that’s just my opinion. 🙂
Point well taken. But it’s mostly about your passion. If you earn your living by doing what you enjoy most, success might be easier than going other routes. Also, earning minimum wage can never lead you to riches. Potential of earning is always limited.
I am not asking kids to play and try to earn money. But if kids are really good at playing, then why not giving it a shot? I know even adults who play regularly but not for money they do it for fun. If they know how to make money out of it, playing for couple of hours a day, then that might be fruitful for them.
This is very interesting! I had no idea you could make money in these ways. I’m not a huge gamer but I know others who are.
Have you ever thought of recording your gameplay, open ana ccounts with lets play and put your first video on youtube. You never know where the success lies. Give it a shot!
I guess the hardest task is to ‘break into’ the industry. Some sites will pay you for testing games, writing reviews, taking surveys…
Of course, is you are pro gamer, this is waste of time, but for regular citizen, it’s a good way to earn nice extra income 🙂
My brother-in-law owns a used video game store. Huge money in games. Some video games make more money than big blockbuster movies. People pay $400 for systems and $50 for games. It’s crazy. Big time waster, but there is a huge market out there.
Lance, it may be a time waster for you and up to some extent, I as well. But for many gaming is a hobby and for some more gaming is a life saver, for they’d be bored otherwise.
Yes gaming is a huge business that’s why top tech brains are recruited by gaming companies.
Very interesting. I have a friend who quit school and started a gaming channel. I thought he was an idiot, but less than a year later he has tens of thousands of followers and he’s making two or three thousand bucks a month from ad revenue. Think what he could do if he started affiliate marketing as a side-business…
I am sure down the line, advertisers would come knocking and he’d travel that route too. Same as our blogs. We start with earning from adsense, then other ways come knocking our way, isn’t it?
Can you friend share some thoughts on earning money by playing games here? Would be interesting to get his comment.
I’ll ask…
I’m a fairly avid gamer and yes, these are all legitimate ways to make money by playing games. One way you didn’t mention is by live streaming using Twitch.tv. Some serious money can and is being made by live streamers. Like YouTube it requires work, a good personality, and ability to connect with your audience.
Being said, I think that blogging might be easier to make money than game playing. That field is pretty competitive…
Thank you, I didnt know this way to make money. I only knew marketglory which is a completely different concept. You can take a look here if you want: http://www.marketglory.com/strategygame/timiee500
right to your home. This could be your opportunity to get your foot into the video game industry. These games need testing before they hit the shelves. In the last few years the Video Game Industry has exploded and it doesn’t show signs of letting up.{http://tinyurl.com/kywjdje}Does this sound too good to be true? Well you will have to put in some time and effort in order for it to make you money. You can bring in $10-$120/hour depending on the game and your ability to find mistakes. The more glitches and bugs the developers make the better for you. This is a real job with real wages; it even gives a sense of accomplishment. How much time you put into it greatly effects how much you can make. But you will be your own boss so make your own schedule. Imagine working in the comfort of your own home.
In order to have a few extra dollars to spend on something else you might want to consider using Champs coupons when you purchase any of your sports clothing.
Great article, I will bookmark it for sure. I would like to recommend an app for you to add. It’s called Big Time by WINR Games. They give away free prizes for playing video games on your smartphone or tablet.
Just for playing or when you cross a certain level or beat your peers?
That is cool. It’s great to play games and earn money online. Great post.
Thank you.
I had never thought of making money just by playing games after reading your article I will definitely try to make some money
If you’ve talent people will pay for it. you go boy!