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"How Can I Make Money Playing Video Games?"

Thanks to recent gains in the popularity of gaming and broadband Internet access you can now make real money by playing PC games--real games like World of Warcraft, Counter-Strike, City of Heroes, Starcraft and others.

I'm not making this up. In 2001, economist Edward Castronova calculated the money earned by gamers in just one game (Everquest) to be over 130 million US dollars a year1!

And more recently, in 2006, another game academic valued the total economy for all MMO games at 20 billion US dollars, nearly a billion of that being openly traded over the Internet for real cash2. That means hundreds of millions of dollars are being exchanged within games--and I'm not talking about the game companies! I'm talking about a billion dollars worth of products and services being sold by gamers to other gamers for cold hard cash.

Doesn't making money with online games involve tedious "gold farming"?

Gold farming starts when players accumulate in-game currency, such as gold pieces. They then turn around and sell their loot to secondary markets--other gamers willing to pay real world money for their hard-fought booty. This is the OLD WAY to make money with online games.

Because more of the world's wealth is now being spent inside games, new practices have sprung up, frequently out of nowhere. These new income opportunities have even sparked the interest of financial news network CNBC. The December 2007 edition of their Business Nation program featured Second Life account holders who were making $85,000 to $180,000 annually, at home, using their avatars. CNBC estimated the GNP of these Second Life services to be 365 million dollars a year.

So while it's true gold farming used to be the only way to make money playing games there are many more business models out now. You won't be spending all day clicking on a mountain, unless you like doing that sort of thing...

Who can make money from video games?

You don't need a degree in software engineering to make headway. Of course, just like in real life, it helps to have skills (design-sense, business acumen, marketing, accounting, researching, chat persuasion, battle strategy, a photographic memory, fast reflexes, or just a love for games and avatars). Whatever you start with will help you find your place in this industry. The fact is, most people starting in these games are, well, noobs.

Can anybody play games for cash?

There are some people who may not feel comfortable trying to make money online such as those who like relying on a boss or who generally avoid spending a lot of time indoors and enjoy driving to work. Others could simply have an aversion to information technology and virtual reality. On the flipside the things that make this unattractive to others can be the very thing that draws some to this industry.

How much money can I make?

Wages vary in accordance with your effort and skill. As in real life, there is a minimum wage class. But, it is easy to get ahead of the pack. The problem with these low income players is that they are new, poorly trained, and are using the same gold farming techniques that have been around since the turn of the century. So instead of mindlessly following the herd, the thing that will make you highly successful in any virtual economy is taking the time to use your most marketable talents in the game and having the right information.

The game you choose can also determine much of your success. Before you begin should know which games are hot and which are not.

What are some of the advantages to online game jobs versus traditional sources of income?

Traditional sources of income come with many barriers to entry such as having the right background or being in the right circle of friends or, frankly, being liked by your potential employer or investor.

But the Internet is much more democratic and efficient. It doesn't matter what you look like or what you sound like. It doesn't matter who you know or who you don't know; the online market is indifferent to everything but your talent and your work ethic. Where you live is not even part of the equation: you can work at home or anywhere on planet Earth that is connected to the Internet. So even if you enjoy spending all day outdoors you can still be "working at home" if you have a laptop and a wireless broadband account.

Furthermore, start-up costs for creating your own game player business are very, very low, sometimes nothing. Lastly, online game jobs don't carry the legal risks of certain other "sexy" online industries.

Where can I find out more?

For starters you could spend the next 6-12 months doing research, tearing up the servers at Yahoo! and Google, finding out all the intricate ways in which people are making money in this new economy--in other words a lot of hard work. Fortunately Game Player Cash has done all the work for you. This instantly downloadable eBook is the most comprehensive resource you will find on the topic.

Is this a boring game playing manual?

NO. This is not a strategy guide for playing games but playing for cash. I went out into the "virtual field" and met with all sorts of people involved in this new industry. You'll hear my reports from smaller, newer players just making a little extra income to the in-game giants making loads of cold, hard cash you can take to the bank. Plus you'll also hear from the game developers themselves. You'll get the information you need to succeed in this new line of work.

Game Player Cash includes:

This is a risk-free offer! If for any reason you are not completely satisfied with Game Player Cash! let us know within 8 weeks of your purchase date and you will receive a complete refund. No questions asked. With our 8-week return policy you have nothing to lose.

How to be a Guild Master cover

- FREE BONUS -
How to be a Guild Master

As a FREE bonus you will also get How to be a Guild Master. This fun guide shows you the strategy behind creating in-game guilds (teams of players) that you control. Create one to help you in your money-making tactics or just for fun. You will learn:
  • How to find the best players to join your guild.
  • How to manage your guild so that it becomes both powerful and popular.
  • What makes a guild fail and what makes it succeed.
  • How to structure your guild.

About the Author

Richard Morgan has been a business writer for over ten years, and has extensive experience with the world of gaming and programming. When he's not hanging out at the BYOM section of Quakecon, he can be found wherever the world-class gold farmers are hiding.

This Book is Available Only Through This Website!

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The Benefits of eBook Technology

  • Compatible with Windows, Mac, Linux, Palm, and other operating systems
  • You can print as many copies as you want.
  • Can be read on your computer or on any portable eBook reader such as Amazon Kindle, Sony Reader, Nook, or Ectaco jetBook.
  • Bookmarks and clickable Table of Contents provide instant one-click access to any chapter or section. No more flipping through pages.
  • Embedded URLs take you to resources outside of the eBook.
  • Magnifying feature and enhanced fonts make for easy viewing on your computer no matter what monitor you are using.
  • PDF standard means the eBook will look and print exactly the same way on all systems.
 
   

References Used in this Article:

1Castronova, Edward. "On Virtual Economies." CESifo Working Paper No. 752, July 2002.

2Dibbell, Julian. Play Money Basic Books, June 2006

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