10 Profitable Online Gaming Businesses you can start cheap

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So, you love playing online games, but you struggle to pay your bills? Consider launching a business within the gaming industry. Think critically. What exactly do you like about gaming? What do gamers love, but that no one is providing? That is your market gap right there.

You only need to find some capital and kick start your business. Running a business related to gaming isn't easy, but so is living life as a broke person. If you have challenges coming up with smart gaming-related business ideas, here are some to consider.

#1: Video Game Parlor

Video game parlours are increasingly getting popular around the world now that eSports is fast-tracking to become an Olympic Sport. For this idea, you open a place with powerful gaming machines and stable Internet connections.

Depending on the location and business space, you can launch a small or large parlour where dozens of people could come to compete. If the business grows popular, you could create a local league and hold tournaments for the most active customers.

While you can grow your parlour exceedingly quickly with proper management, beware of maintenance costs. Gaming computers demand frequent maintenance. They guzzle power ruthlessly and can break down when you least expected it.

#2: An Online Casino Review Business

The online casino industry is worth over $50 billion, making it bigger than Facebook and other social networks. It also keeps growing in size, meaning it requires more casinos to fill the growing demand for quality services from players.

While casinos make millions of dollars in profits, running them doesn’t come cheap. You need at least $40,000 for a license and up to $100,000 to acquire gaming software. Unless you have the money, a robust yet affordable business idea would be to review gambling platforms.

You can publish your reviews on a website or through YouTube. Preferably, it’s best to have both platforms. More importantly, you must learn how to grow your website so that you can attract an audience and make money through them.

Most review websites make money by referring people to the best online casino sites. However, you could also place adverts on your website or sell merchandise as an extra income source.

#3: Create Gaming Apps

The top 10 gaming apps made over $1 billion in 2018. Indie developers did not create them, obviously, but they show just how big the gaming business is. Per day, Pokemon GO, Candy Crush Saga and Mobile Strike generate at least one million each.

With a decent level of programming, you can make a simple mobile gaming app within six weeks. You might need money to market it, but you could also use freely available resources to get the word out there.

Similar to most businesses, there's no guarantee for your app to succeed. You must be exceedingly creative to create a game that impresses gamers. Patience will also be necessary now that your first app could fail.

#4: Start a Website for Gaming Tutorials

You may be wondering, who would someone pay money to learn how to play games? But there are numerous genuine reasons. For starters, online gaming is a wildly profitable industry for skilled gamers. That also includes casino players. If you can play poker or blackjack better than everyone around the table, you’ll always take home the pot.

For video game players, people want to become better at gaming for many reasons. Some want bragging rights. Others want to win tournaments or know how to complete missions quickly. As the tutor, you also need to be an expert at a specific area of gaming.

In an example, let's say you love playing Fortnite and know everything about its gameplay, storylines and controls. You can start selling your tutorials to people learning to play the game for the first time. Some people pay up to $65 for proper Fortnite tutorial lessons, so there's a potential to earn a decent income.

#5: A Video Game Skins’ Marketplace

If you own any video game, you must have several skins you don't use. But guess what? You can get rid of them and get cash in exchange. As a business owner, though, your goal will be to create a website where people can buy and sell skins.

Typically, a skins’ trading marketplace works by linking Steam players outside of the Valve-owned platform. You can have a website where you advertise different skins and allow players to buy and sell from one another. Alternatively, you can purchase skins from people who don’t want them and sell to those who want them.

Either way, you’ll be able to provide a service Steam players don’t have. For clarity; Steam doesn’t allow players to trade skins for cash. That means the only way players can trade their skins is through third party skins’ marketplaces.

#6: Become a Professional Tipster

Now that sports betting is one of the fastest-growing branches of the gaming industry creating tipster services can be exceedingly profitable. You can provide betting tips on any sport, including eSports. However, you must be good at gambling before you thinking of charging people for your services.

Being an online job, you need nothing more than a website to get started. Of course, you need a proven winning record to convince people to buy your tips. A little bit of marketing will also come in handy to get people to know your service.

Most sports bettors are willing to pay up to $500 per month for tipster services. However, they need assurance they will win over 60% of their wagers. If they make more losses than profits, they will most definitely believe you are out to scam them.

To Conclude

If you love playing online games, you can create a living out of it. You simply need to know what market gap people aren't filling and tap on it. With all of the ideas mentioned above, you need less than $1000 to get started. You might need a bit more money for marketing, but you could also utilize social networks for free marketing.