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Esports is a growing industry and today we will talk about how to make money from Esports.
Esports, or competitive video gaming, has emerged as a multi-billion dollar industry with a massive global following.
With the growing popularity of online gaming, there are numerous opportunities for individuals and businesses to make money from esports.
Whether you are a professional gamer, a content creator, or a business owner, there are many different paths to earning income from esports.
In this article, we will explore some of the most popular and effective ways to make money from esports, including tournaments and events, streaming and content creation, sponsorships, and more.
With the right strategy and a little bit of hard work, anyone can turn their passion for gaming into a lucrative career.
Have you ever imagined that you can earn millions of dollars playing your favorite game? Let me tell you the players with the biggest prize money totals in esports history. At the top of our list is Johan “N0tail” Sundstein – $6.9 million (Dota 2), the second belongs to Kyle “Bugha” Giersdorf – $3.2 million (Fortnite), and the last one on the list is Peter “dupreeh” Rasmussen – $1.9 million (CS: GO).
It’s fantastic to know that the money earned by the topmost Esports players is starting to compete with the salaries earned by professional athletes around the world.
Now it’s worth saying that there is a large scope of earning a lot from the increasing Esports industry.
Getting paid while playing your favorite video game is the dream of every game lover around the world.
In this article, we will check out the possibilities of how to make money from Esports.
Table of contents
How To Make Money From Esports
Become A Professional Esports Player
We all know we love playing games for hours but very few players spent the quality effort needed to be the world’s best Esports player.
Becoming a professional Esports player is not an easy task. The hours of commitment and skills needed in games to play at the top level.
However, keep in mind resting is also a part that’s very important to succeed. So make sure don’t overdo it. To go pro, the first thing an individual do is to start a team and show your skills as a gamer, and get noticed.
The players have to go step by step and compete in numerous lower-level leagues in order to reach the top. So in order to be signed by the world’s best teams in Esports, you have to show it at an individual level first.
Being a professional gamer, it’s very important to dedicate yourself to a particular game that you love to play.
You need to give ample amount of quality time which included working on skills, tactics, and much more to stand out from a crowd. The average pro player takes in around $74,000 a year.
Become a Streamer
Streaming is another thing that popularized a lot among gamers since the Esports industry burst into the mainstream.
If you really think that you have all kinds of skillset to entertain the game lovers around the world then streaming is just for you. Streaming is one of the ways to earn a lot of money with Esports.
It’s very necessary to name yourself and then started streaming. So the first thing you can do is to register an account on streaming services like Twitch and YouTube Gaming. You can popularize it by being available on different social media platforms.
So start with a Twitch. tv. The most important thing to remember is consistency. You have to stream at a constant rate to increase your viewership.
The first priority must be engaged and getting on the eyes of the people and then you can think of earning money from it.
Remember if you want to catch the money it will always run away. Just provide the value and money is a by-product it will automatically come.
It will need a few months to a few years to see the real growth of streaming. so please be patient and do your work, things started gonna change.
There are few streamers from Twitch and YouTube who are earning a lot with streaming. Nickmers earning an estimated around $1,737,535, that’s great. Nickmercs is the largest Warzone streamer on Twitch.
Sponsorships are one of the ways to earn money in any industry. The same goes for Esports. The Major brands that started to enter the Esports industry are Spotify, Adidas, Nike, Coca-Cola, and many more.
These companies know the growth of Esports and advertise at the biggest stage to get eyeballs.
A brand can choose to sponsor a league, competition, and a player. T-Mobile had a sponsorship with the Overwatch League, the intention is to reach a more widespread audience.
The Blaugrana had a collaboration with Tencent. Tencent is one of the big gaming companies behind major games like Fortnite, PUBG, and many more.
It’s very important to recognize to get the sponsorships deals. This is why whether you are playing solo or with the team, it’s important to name yourself.
Advertising is another form of earning in the Esports industry. The Organizers of tournaments are the governing body and the responsible parties to provide advertising space on the stage where they host their tournaments.
Another way to increase these revenues is to place ads in the live streams broadcasted from their own tournaments and leagues. Revenue from Advertising always has a boost in the overall revenue of the Esports industry.
Betting on Esports & Tournaments
Betting on Esports leagues and tournaments is one of the common ways of earning money in Esports.
The bets are classified into two match and event bets. Either you can bet on a match by analyzing the game and foretelling the winner of the match between the two teams or you can also bet on an event where you have to foretell the winner of a tournament.
I personally recommend betting on a tournament rather than the match, the chances are higher for positive results.
One big advantage in betting on the tournament is that you can place multiple bets on different teams and increase your chances to win.
Esports betting is just the same as betting on major sports around the world. You have to bet on your favorite team, player, winner of the tournament, and much more. If your prediction goes in the right way you get double your money.
We all know in betting nothing is guaranteed so you have to think and analyze the outcome of the game otherwise you can also lose money.
Get A Job Within The Esports Industry
Esports is not only about pro players, leagues, and tournaments. There are other ways to earn in the Esports industry.
Jobs within the Esports industry include Shoutcaster (aka caster)/host, Analyst/coach, content creator like me, social media manager, sales manager, and much more. These are the few you can try according to the skills you have.
There are different types of roles in the Esports industry it depends on which one fits you.
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