HOW TO MAKE MONEY BEING AN ESPORTS PLAYER?:Making money as an eSports player is a great way to combine your favorite hobby with a career in video games!
Over the past decade, the gaming industry has seen a massive increase in popularity. It has grown from a hobby and a way to relax into a real sports league. If you enjoy playing video games, have the exceptional skills needed, and are willing to put in hours of practice, you might just be able to make some money as an eSports gamer.
What is eSports?
eSports describes the evolving world of competitive and organized video games. Competitions and tournaments are held, in which teams of players compete at a professional level and regularly win large sums of money.
The players who participate in these competitions are among the best in the world in their respective game.
Organized competitions have been a part of video game culture for decades, but it’s only in recent years that gamers have turned professional and the attendance numbers for these events have skyrocketed. Today, video game events are followed by millions of fans around the world.
Some video game tournaments are held in stadiums where people can attend live, but the majority of spectators log in to watch online.
The growing availability of online streaming platforms like YouTube and Twitch plays a pivotal role in the growth, promotion and popularity of eSports competitions.
How much is the eSports market worth?
The eSports industry has seen massive growth over the past decade, and shows no signs of slowing down. Earlier this year, the global esports industry was valued at just under $1 billion, according to Statista , and is estimated to reach $1.6 billion in 2023.
In three years, Statista predicts that the number of avid esports viewers worldwide will reach 300 million. This shows how much the esports industry is expected to grow in the coming years. The opening of a new market for more job opportunities.
eSports is not only profitable as an entire industry, but it also offers many opportunities for individuals to earn large sums of money.
Many of the top players have earned over $5 million, and those numbers are expected to continue to rise in the years to come. With a total global audience of 495 million people as of this year, the annual growth is 11.7%.
The majority of eSports revenue comes from sponsorship and advertising. In fact, this year, $822.4 million, or nearly three-quarters of the total market, will come from media rights and sponsorship.
How to make money in eSports?
The eSports industry is booming and if you have the skills, becoming an eSports player is a great way for you to start making money! The prize pools of some global competitions, such as Data 2 International, have reached more than 25 million dollars. eSport tournaments have a prize pool.
The more a team of professional players performs well in the tournament, the more money it earns. It’s not something to be overlooked, and it’s definitely worth trying to get some of it.
However, for both streamers and professional teams, most of their income comes from sponsorship, which involves the promotion and sale of gaming items. These can be eSports drinks, jerseys and t-shirts, even much more expensive keyboards and gaming chairs.
However, big leagues aren’t the only way to make money in eSports. If you think your skills are better suited for entertaining people online while gaming than playing at a competitive level, you may have a better chance of making money streaming.
Types of eSports Revenue
- Sponsorship – Most eSports teams derive the majority of their revenue from sponsorships, advertising, and promotions.
- Rewards – Winning amounts are growing at an incredible rate. The prize pools of most major competitions now reach several million dollars.
- Selling Merchandise – Similar to traditional sports, esports sells merchandise. These can be the usual clothes or items more targeted to their unique audience.
- Content Creation – eSports gamers can also make a lot of money by creating content for the YouTube and Twitch streaming platforms. YouTube allows for potential ad revenue on every view, while Twitch offers affiliate programs for streamers. This sector also has the added benefit of reaching new audiences and expanding their fan base, which is key to attracting sponsors.
Make money on Twitch
In recent years, we have seen a huge boom in live streaming. Twitch is the largest and most popular streaming platform for gamers.
In reality, not everyone is able to become a full-time eSports player competing in global competitions.
In fact, most video game influencers make their living from a mix of Twitch streaming and YouTube videos. Only in some cases will people also be involved in professional games.
To start making money on Twitch, you need to become a Twitch Affiliate . To do this, you must:
- Have streamed for at least 8 hours in the last 30 days.
- Streamed at least 7 days out of the last 30 days.
- Receive an average of at least 3 viewers per broadcast.
- Increase your audience up to 50 followers.
As part of the Twitch Affiliate Program, you can start making money by encouraging your followers to subscribe to your channel for $4.99, $9.99, or $24.99 per month. The money raised is split 50/50 between Twitch and the streamer, providing a reliable and regular source of income.
Twitch affiliates can also earn money from game sales. When a streamer plays a game on Twitch that is available for purchase, or in which you can make in-game purchases, an offer to purchase appears below the streaming window.
When viewers make a purchase, affiliates earn a 5% revenue share on all purchases made on their channel page.