People often ask me how they can make money from video games. They wonder if it’s even possible to monetize on a mobile game. They might even ask if they can make a fortune creating apps for games. The truth is it’s possible to do well financially from gaming, but you need to follow the right approaches.
Here are some of the ways you can make money from video games, in particular mobile games.
Perhaps the most lucrative source of income for gamers is through their virtual stores. The simplest and most popular approach to monetize a game is to have the retail component handled by the platform itself. When users want to make a purchase in your game, they will be directed to an online store operated by the platform. The store will then process the payment and ensure the product is delivered safely to the user.
Some games, such as Dota 2 and Hearthstone, come with an in-game shop where users can purchase virtual items that will then be available for the users to collect. The monetization can then be handled either by the game publisher or the in-game shop operator.
If you’re distributing your game through the Google Play store, you can also take advantage of its ad-based revenue sharing program. When someone downloads your game through the Play store, they will be presented with advertisements from brands and businesses that want to reach potential customers. You will earn a small share of the revenue from these ads, which can add up to a significant amount of money.
One of the most in-demand jobs today is becoming a game critic or advisor. If you have an expertise in one area, such as mobile gaming, you can leverage your knowledge and connect with game developers, publishers, and media companies, who are looking for people to consult on their projects. You will help them navigate the uncharted territory of video games by providing guidance and feedback on their titles.
There is plenty of work for game critics. Take a look at some of the top game review sites, like GameSpot and GameFAQs, and you will see a huge demand for people who can contribute valuable content to video games. It’s an opportunity to establish yourself as an expert in your field and make a significant amount of money if you can find a way to make those contacts and get the work.
Video games have created a massive surge in demand for content creators. The demand for gameplay has fueled the growing trend of esports athletes competing in tournaments across the world. For those looking to make a living from creating content, particularly for mobile games, the option to freelance is a great way to make money remotely.
Games like Mobile Fantasy Football allow users to create their own team of football players and then compete against other users in weekly competitions. The games are free to download but offer in-app purchases where users can buy additional players or make other adjustments to their team to win more money. This is a game that can certainly generate revenue, as much as $60,000 per year, if its users are keen to maximize their earnings potential.
The opportunity to make money from video games is great, but it takes a little bit of work. You need to identify specific ways to monetize your games. Once you do, you can apply this expertise to develop more games with greater potential for income. You can also develop products and services that utilize your expertise, such as an esports team or a football consultancy.