The online gaming industry has been experiencing growth over the last few decades. More people are registering for accounts on online gaming platforms, and there is a rich variety of games.
With the online gaming sector projected to hit a market valuation of more than $66.7 billion by 2023, it is one of the most profitable industries you can invest in.
The investments in gaming are mainly focused on developing digital infrastructure and creating content that is both engaging and high-quality. Recent investments in the established and emerging gaming industry have captured the attention of many investors.
Over the next two years, the size of these investments is predicted to triple, portending drastic expansion for the online gaming sector.
Based on your experience, skills, and commitment, you can start investing in gaming in the following ways:
- Play Online Casino Games
Playing online casino games is one of the most straightforward ways to make money from online gaming. You can easily find numerous online gaming platforms with different exciting games to enjoy. However, before you begin playing these games, you must know what online casino gaming entails.
Most online casinos are free to join. With a budget of less than $10, you can enjoy your favourite games and countless others. How cool is that? However, it would help if you understood that these online games are different. While some games, such as slots, rely solely on chance, others, including poker, rely on skill.
In these games of skill, the outcomes are influenced by random events. These random events include turns of a card, spins of a roulette wheel, and turns of a card.
Even though you can influence your chances of winning certain games, their unpredictable nature will thrill you. On the other hand, you can regularly enhance your chances of winning games of skill by sharpening your skills.
Some games have significantly better RTPs and odds than others. However, you can boost your chances of winning if find the best casino bonuses in South Africa. Bonuses give you free betting credits. In doing so, they give you more chances to try your luck.
Find a reputable online gaming platform with excellent ratings or reviews. Most online casinos will grant you access to their instant play casino or a link to download and install their free mobile casino app.
- Launch a Game Streaming Platform
If you are an online game enthusiast, you may know something about Twitch. It is the most popular video game streaming platform, boasting a live audience of millions of online gaming fans in South Africa and across the globe.
Video game players leverage the platform’s significant viewership numbers to demonstrate their gaming skills and earn extra income.
If you have gaming skills, you can live stream clips of yourself playing popular games, reviewing the lasted online games, or giving tips on how to complete certain quests or missions. It would be wise to focus on some of the most popular online casino games, such as blackjack, roulette, and poker.
To ensure that you maintain loyalty among gaming enthusiasts, always provide relevant information and continuously engage people through chats to find out their preferences. It would be best to invest in professional lighting, software, and cameras to help you create high-quality content.
But it would be best if you remembered that marketing is vital when investing in any industry. Because the online gaming industry competition is stiff, you need to employ strategic marketing tactics. This will help create exposure and awareness among online casino gaming fans.
You can still ask for tokens and donations from your viewers, although you must pay a subscription charge to host your channel on Twitch. Other ways of monetizing your streaming channel are affiliate marketing, merchandise sales, and adverts.
- Develop Mobile Online Gaming Apps
When you survey the gaming industry in South Africa, you will realize that registration and launch of an online gaming platform is a costly, lengthy, and tedious ordeal.
You could see all your hard work go down the drain if you make the wrong decisions. However, you don’t have to seek anyone’s permission to develop and operationalize your mobile online gaming app.
If you have a software engineering background, you can develop the application yourself. If not, your best bet would be to hire a professional software developer. However, you can easily find already built mobile casino apps for sale on the internet.
Ensure that your free-to-play casino app is user-friendly and features a rich catalogue of thrilling casino games. Smooth gameplay and an immersive gaming experience are crucial in maintaining your target market’s loyalty.
You can add features to enable users to find their favourite games and markets easily. An excellent online casino application should allow users to disable or deactivate features or content that are irrelevant to them.
As you do not want your app to be on the list of uninteresting apps, apply practical marketing tools to attract your target market. For instance, you can reach a wider audience through digital marketing strategies such as targeted advertising.
- Start Giving Gaming Tutorials
With online gaming expanding rapidly, more people are beginning to develop an interest in online gamers. These new gamers are eager to learn how to play and pick the most profitable odds.
They want some guidance on which top games they should check out. Therefore, creating an informative guide to help novice gamers understand what online gaming entails.
As most of the population in the world can access fast and reliable internet connectivity, creating an online gaming tutorial should be simple and very profitable.
You can make your tutorials accessible by uploading them to social media platforms such as Twitter, Facebook and YouTube or blogs popular with online gamers. However, to guarantee the best results, you need to focus on the casino games you love or understand well.
You can build a significant following if you are consistent and your tutorials are relevant. Afterwards, you can profit from the massive following by asking interested users to subscribe to premium courses at an affordable fee.