The market for digital games is growing rapidly. Thanks to services like Xbox Game Pass, which gives you access to a massive library of games for free, as well as Google Stadia, which allows players to download games instantly, the world of video games is becoming more accessible than ever before.
If you’re looking for ways to make extra money, you’ve probably considered making money online with video games. After all, the games you play on your phone, computer, or console can also be accessed online and sometimes offers up some interesting opportunities to generate cash. If you’re looking to make some extra cash, keep reading. We’ve got you covered.
The Downsides Of Playing For Earnings
Although there are some upsides to making money with your hobby, such as accumulating valuable gaming skills or gaining access to an amazing library of games, there are also some serious downsides to consider.
The first and most obvious downside is that playing for earnings is usually a job that requires a lot of your time, especially if you want to be able to generate a regular income. If you’re looking for an easy way to make money, consider taking on a part-time job or even renting out your car for some extra cash. It’s also important to be aware of the taxation laws when playing for financial gain. In some countries, you may have to pay taxes on your earnings. You can also find more information online.
Make Money With Micro Transactions
One of the most popular ways to make money online is via microtransactions. This is where you make real money by taking surveys, playing word games, or watching videos. Typically, these are small transactions that barely amount to a dollar. However, one of the biggest microtransaction platforms, Swagbucks, pays out hundreds of dollars per day in cash rewards. Surveys can also have some lucrative rewards. For example, you may be able to make several hundred dollars per month just from taking surveys on MySurveys.com.
You may also want to consider trying out ClickBank, which is actually one of the biggest and most popular platforms for digital products and affiliate marketing. What you need to do is to find a reliable product that you can promote on your blog or website. You may want to read our review of ClickBank to find out more.
It’s Not A Steady Source Of Income
Although it is increasingly easy to make money online, it’s not a steady source of income, and it can be very unpredictable. You may make a lot of money one day and not at all the next. This is why it’s important to be aware of the financial risks involved if you’re planning on playing for money.
With a regular income, you have the security of knowing that you’ll be able to pay your bills on time and can plan around your leisure time. However, you need to put in the work to make sure that you’re going to be able to keep generating that income over a long period of time. Remember, you’re competing for digital traffic with sites like Google and Facebook, and it can be frustrating to see all the money thrown around by corporations.
On the other hand, if you’re looking for a way to make a quick buck, you can find some lucrative opportunities in the form of online surveys where you can earn fast cash. You may even be able to make enough money to cover the cost of your Netflix subscription. However, keep in mind that these are often time-consuming jobs, so be sure to include this in your agenda if you’re looking to make a quick buck via online surveys.
More Accessible Platforms
Thanks to the growth of online gaming, there are now more accessible and lucrative platforms for gamers to make money. You may play on your console, computer, or mobile device, and make money off your performance, much like a traditional sports betting environment. This has made eSports more popular than ever, as gamers now have the opportunity to monetize their skills.
If you’d like to try out a more accessible platform, take a look at Fantasy Life, which is what the sportsbook leverages: your real-life soccer/football/hockey/basketball performances coupled with your fantasy team results, to give you the winning pot.
There are also plenty of surveys that you can take online to make money, some of which even let you make money online playing certain games, like the Steam Deck series that lets you play Hearthstone, CS, and Dota 2 for rewards. In many cases, you’ll get paid to take a survey, play a game, or watch a video.
Of course, none of these avenues are perfect, as you’re still going to be competing for digital traffic with other websites, but at least they’re all viable options for gamers who want to make some extra cash.
The Upsides Of Playing For Fun
Although there are some downsides to making money with video games, there are also some major upsides, especially if you play for fun. One of the biggest upsides is that playing for fun allows you to have a leisure activity that you enjoy and can relate to your hobbies and interests.
If you play on your console, you can take enjoyment in the fact that you’re actively engaged in a leisure activity, while also making money. Of course, you’re not going to make a fortune, but you can build up an impressive collection of games, which is something we’d all like to have.
If you play on your mobile device, you can get rewards just for being active. For example, Pokemon Go lets you walk around and catch Pokemon, but if you decide to turn that walkabout into a workout routine, you can get some great rewards, like Nike sportswear and accessories, given to you for no reason other than you hit a certain step count.
Although it’s not always the case, playing for fun also provides you with some security, as you’re not going to make a living from it. It also allows you to set your own hours, take breaks when you want, and not worry about getting fired, which most employers take a dim view of these days.
On the other hand, if you play for money, you’re going to be doing a job that you don’t particularly enjoy just to make a living, as we mentioned above. Besides, if you play on sites like Xbox Game Pass and Google Stadia, which let you download and play games online, you’re going to be competing with a lot of other people who are trying to make the same amount of money as you are. This is why it’s important to have a backup plan in case your income drops significantly.
We’d like to remind our readers that we’re going to cover many different ways to make extra cash, so if this isn’t the exact route you’re looking for, keep scrolling.