An online game is a game played from a computer network. They were introduced in the early 1980s as simple text based games when Internet connections were slow and expensive.
The online gaming industry gathered momentum in the mid 1990s as the Internet began to penetrate a large number of households in the US. In other words, Internet had become affordable…and let’s thank this booming industry because without it, many of us would have been unemployed!
Anyways, we all know that nowadays, the Internet is the biggest and the fastest growing market in the history of humanity, and online gaming has contributed a lot to this expansion.
As the technology advanced incredibly fast, the complexity of the games increased; the online virtual gaming communities are populated by a large number of players and they feature highly evolved graphics which makes the entire experience more enjoyable.
Some play online games for entertainment solely and there are people who play online games to earn money by participating in competitions or signing up in gaming communities where they play with money legitimately.
Before we move on, here is a word of caution:
(1) Earning from online games is not allowed in every country or state. Please check the state or country’s laws before investing in any kind of legal gaming portals.
(2) Please check the authenticity of the gaming sites. There are many rip-off gaming sites that just want to get hold of your credit card number and bill you exorbitant amounts. If your state or country allows online gaming, best is to sign up with their sites…that way you know it’s legitimate.
What do you need to earn money from online games?
Many people make a full-time living by playing online games. However, this requires a good background of gaming experience and a lot of free time. Depending on the chosen game, making money from online games requires the fulfillment of some indispensable factors:
Massively multiplayer online role playing games or MMORPG, a genre of role-playing video games, has over twelve million players around the world, and includes online games made by veteran manufacturers in the gaming world.
Most known MMORPGs are based on fantasy virtual worlds where a player has to fight his way through levels, until they reach the highest level available.
Thousands of gamers play the game simultaneously, interacting against each other and building a gigantic virtual world. Some gamers become so addicted that they continue to play for months and years.
Please remember that online games are also addictive like smoking, alcohol and drugs addiction…As my memory serves me, a South Korean man died 2-3 years back because he stayed up playing Starcraft for 50 hours continuously, taking short washroom breaks in between…in the end, he just collapsed and died from heart failure!
Again, there are also online competitions organized by gaming websites where all sorts of players from every corner of the world participate in hope of winning the first place and of course, the money that the organizers are giving for the winner.
In order to make money from online games, such as World of Warcraft, Lord of the Rings or EVE, a player has to not only be dedicated but arm himself with an advanced computer and a fast Internet connection also.
A computer equipped with the latest components, such as a good quality graphic card, a fast processor, and a big RAM memory, will enhance the gamer’s chances for winning…
Nowadays, component computer manufacturers work together with game developers, turning their association into a solid business partnership for increasing their profits and developing the gaming market.
How can you earn money from online games?
Playing games has always been a good way of entertaining, but since with the Internet revolution, people realized that money can be easily earned by enjoying the comfort of their house and play online. There are different methods of making money from online games, but few people are truly living ONLY from online gaming.
Simple online games, like Bejeweled, Lemonade Tycoon or applications from social networks, such as Farm Ville, Farm Gold, or Mafia Wars are good example of games that generate profits for those players who sell in-game money for real money.
For some gamers, their online character and the game level are important so they hire other players to do their work. It is a good way of being paid, and this method is also applied on bigger online games.
Participating in online gaming tournaments is a method employed by the best players in the world because it requires good gaming experience and hours of online training. Since there are some serious prizes and money to win in these types of competitions, it is considered one of the best methods of earning money from online games.
Making your own online games is undoubtedly a profitable business, but is available only for those who have a proper IT background. Making a game and then marketing it online is not an easy task, but money can be earned by selling the game at a low price to thousands of customers who won’t mind shelling out few dollars for an excellent game.
Due to the large variety of options available on the Internet, starting an online gaming business, either by developing online games and playing them, there are many people who gave up their full-time jobs and continue to make their living entirely on online gaming.
Can an online gaming business be long term?
Online gaming market is in a continuous expansion mode. In 2007, the earnings were approximately at 5.2 billion US dollars, and in a matter of three years have increased to more than 13 billion US dollars..
Nowadays, almost 90% of the young and middle age population have at least one online profile on any online social network. There are over four hundred million users of Instant Messengers from any corner of the globe…this in itself is a huge market for the online game manufacturers and presently, the trend is to develop gaming applications that can be played anywhere, that is, you can play them on social networking sites, messenger systems or on your iPhone and Blackberry.
Gaming societies are thinking about developing a revolutionary program, which will launch a highly profitable business composed of three Internet elements; Online Games Entertainment, Social Networking and Social Marketing. This program will allow gamers around the world to play games with real money.
If you have relevant IT background, gaming experience and the $$$ for marketing, you can establish a secure financial future in the next few years by starting your own online gaming platform.
As I mentioned earlier, please take note of the legalities involved…not every country allows players to earn online from games. Alternatively, if you are not the entrepreneur sort of person, you can start playing legitimate online games for real money….
We would love to hear your experiences, good or bad, from online gaming. Leave a note below….