Top 5 Ways to Make a Living from Online Gaming in 2020

We’d all like to make money doing what we love, right? Well, if what you love is gaming then you’re in luck! There’s no doubt that gaming has shaped our entertainment culture in a multitude of ways. While the youngsters of a decade ago stocked up on chips and dips to watch their favorite sports team on the TV, the young people of today are choosing esports over traditional sports. In fact, according to the State of Online Gaming 2019, gamers aged 18-25 spend 77% more time watching other people playing online than watching traditional broadcast sports[1]. It doesn’t look like this trend is going to die anytime soon, either. People who play video games spend an average of seven hours seven minutes each week playing, and it’s up 19.3 percent from last year[2]. So, let’s get into the top ways you can make a living from playing games.

1. Twitch Streaming

There’s a huge market for online game streaming. More than 79% of gamers aged between 18 and 25 watch other players stream games online each week[3]. Twitch streamers are mainly paid from advertising on their streams, so having a healthy following is a must.  Twitch gets around 15 million daily viewers on average[4], so it’s really the place to be if you want to make money from people watching you play. We won’t lie, getting a large audience of avid gamer fans isn’t easy. You’ll be competing with the big streamers with years of experience under their digital belt, but it’s certainly possible. New streamers come on the scene all the time and grow their following to dizzying levels!

2. Become a Game Tester

If you’re passionate about games and not too fussy about which games you dedicate your time to, then becoming a game tester is perfect for you! Gaming companies love to get feedback on their games whether that feedback is about serious bugs, general enjoyment, playability, performance, and so on. This is why they pay gamers like you to test their games and report back. If they can identify the issues in the game, then they can fix them before release and avoid potential disaster. It just makes economic sense to spend a little money upfront on ironing out the problems rather than releasing a faulty game that will cost them more in the long run. Gaming companies may list paid testing opportunities on their website or on LinkedIn, so look out!

3. Become a Game Reviewer or Commentator

This option is somewhat similar to Twitch streaming, but with a distinct difference. Twitch streaming is a great option for some people, but it isn’t for everyone. You have to be able to think on your feet, provide quality entertainment on the fly, and be constantly engaged with your fans as you’re playing the game. It’s fair to say this requires a certain amount of sharpness and charisma. If you’re the kind of person who prefers to do things in your own time, then this is a much better option. You can create video reviews or commentaries to upload to YouTube. This content will be more concise and structured, and you can upload it only when you’re happy with it. YouTube content creators can make money through advertising, or with the new Memberships system.

4. Become a Professional Gamer

Okay, okay, we know it isn’t that easy, but it is possible. The eSports industry is growing to gargantuan levels. In 2018 the eSports worldwide market revenue was 865 million USD, it’s expected to be 1096 million by the end of 2019, and a whopping 1,790 million by the end of 2022[5]. As the industry grows, there will be more and more demand for professional gamers, and if you’re a highly-skilled gamer, you could be one of them!

5. Gold Farming

Gold farming is the process of generating in-game gold (or other currency) and selling it to other players in exchange for real-world money. Some games have rules against gold farming, but others, such as Runescape, do not. Gold farming is a great way to make some extra money because unlike the other tips on our list, it doesn’t require any particular skills or prior experience – It’s for everyone! There are marketplaces, like Eldorado.gg where you can sell your in-game gold, items or accounts.

[1] https://www.limelight.com/resources/white-paper/state-of-online-gaming-2019/#execsumm

[2] https://www.limelight.com/resources/white-paper/state-of-online-gaming-2019/#execsumm

[3] https://www.limelight.com/resources/white-paper/state-of-online-gaming-2019/#execsumm

[4] https://www.businessofapps.com/data/twitch-statistics/

[5] https://www.statista.com/statistics/490522/global-esports-market-revenue/

About RJ Frometa

Head Honcho, Editor in Chief and writer here on VENTS. I don't like walking on the beach, but I love playing the guitar and geeking out about music. I am also a movie maniac and 6 hours sleeper.

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