Ah, the American dream: making money doing something you love. Let’s face it, sacking groceries are rotting away behind cubicle walls is not fun, though they pay the bills. For those of us who dig gaming, we’ve certainly considered the idea that it would be pretty cool to make money while partaking.
Whether you’re a seasoned pro or just getting started, there are various ways to monetize your gaming skills and knowledge. In this post, we’ll explore five proven ways you can make money from gaming.
Become a Streamer on Twitch or YouTube
Without question, this one’s the biggest, most obvious way to earn cash. But before we get into it, you gotta understand it takes time and its a highly competitive space.
You can set up a channel on Twitch or YouTube rather easily. Get some equipment, and build a streaming schedule. You’ll likely want to promote your channel, which will require a little spending. But you don’t have to.
Here’s a list of equipment you’ll likely need to get going.
A Good Computer or Console: For PC gaming and streaming, you’ll need a computer with at least an Intel i5 processor, 16GB RAM, and a dedicated graphics card like an NVIDIA GeForce GTX 1660 or better. If you’re streaming console games, you can use a PlayStation, Xbox, or Nintendo Switch, but you’ll also need a capture card.
Capture Card (For Console Streamers): A capture card is necessary for capturing game footage from your console and transmitting it to your streaming software on your PC. Popular options include the Elgato HD60 S and AVerMedia Live Gamer Portable 2 Plus.
Microphone: A quality microphone enhances your audio, making your stream more enjoyable for viewers. USB microphones like the Blue Yeti, Audio-Technica AT2020USB+, and HyperX QuadCast are great options, while XLR microphones like the Shure SM7B or Rode NT1 (paired with an audio interface or mixer) offer higher audio quality.
Webcam: A webcam allows viewers to see you while you stream, which helps build a personal connection with your audience. Recommended models include the Logitech C922 Pro, Elgato Facecam, and Razer Kiyo.
Headset or Studio Headphones: A good headset or headphones will help you hear in-game sounds and communicate clearly if you’re playing multiplayer games. Options like the SteelSeries Arctis Pro, HyperX Cloud II, and Audio-Technica ATH-M50X (paired with a standalone mic) are popular among streamers.
Streaming Software: Streaming software encodes your gameplay and video feed for live streaming. Popular choices include OBS Studio (free), Streamlabs OBS, and XSplit.
Dual Monitors (Optional but Recommended): Having two monitors allows you to manage your stream on one screen while gaming on the other, enhancing your workflow and stream management.
Lighting: Good lighting helps you look your best on camera, creating a professional appearance. Ring lights, softbox lights, or LED panel lights like the Elgato Key Light are great options to enhance your setup.
Green Screen (Optional): A green screen can add a professional touch by removing your background, helping your stream look cleaner. Options include the Elgato Green Screen and Neewer Collapsible Background.
Stable Internet Connection: A strong and stable internet connection is crucial for streaming without lag or interruptions. At least 10 Mbps upload speed is recommended, and a wired Ethernet connection is preferable over Wi-Fi.
Compete in eSports
In the highly competitive gaming space, some folks earn cash through eSports. You can find tournaments for games you excel at, join a team, or roll solo. You’ll need to be great at your craft and skill. You’ll also need to practice consistently, study your competitors, and participate in smaller tournaments to build your reputation. Its no easy feat to make it to the top, but if you’ve got the will and obsession, you got a chance.
Create Gaming Content for YouTube
This is much different from streaming as you won’t be live. Instead, you create content such as gaming tutorials, walkthroughs for new games, and reviews for games. You’d want to invest in video editing software and make sure you are optimizing your videos for search.
You can make money via ad revenue, affiliate marketing, and of course, brand partnerships. When you get enough subscribers, you may get messages from gaming companies looking to send you swag, free games, games prior to mass launch, or just pay you.
Offer Coaching and Tutorials
Experts at anything can often make money. And gaming is no different. Many players are willing to pay for coaching to improve their skills in popular games. You can set up a profile on platforms like GamerSensei or Fiverr, or offer coaching services directly through social media and gaming communities. Showcase your expertise with a high rank or achievements in the game, provide detailed feedback, and build a good reputation for reliability and skill.
Game Testing and QA (Quality Assurance) Jobs
While it may not sound like the coolest way to earn a buck from gaming, you’re still getting paid to play. Explore the opportunities in game testing where you can get paid to find bugs and provide feedback. Check job boards, apply directly to game studios, or use freelance platforms like Upwork. Develop attention to detail, learn to report bugs effectively, and build a portfolio to showcase your testing skills.