Twitch leak shows how rich gamers can get - here's how to get paid, too




  • In Business
  • 2021-10-13 01:30:00Z
  • By MoneyWise
Twitch leak shows how rich gamers can get — here
Twitch leak shows how rich gamers can get — here's how to get paid, too  

Since August 2019, Turner "Tfue" Tenney has made at least $5,295,582 playing Fortnite and other games on the streaming site Twitch.

Retired Counter Strike player Jaryd "Summit1g" Lazar has made even more: $5,847,541. And former Overwatch pro Félix "xQc" Lengyel has made a stunning $8,454,427.

These numbers, leaked in a massive Twitch data breach last week, also don't account for any extra cash made through exclusivity deals, sponsorships and private donations.

Video games now rake in more revenue than the movie and music industries combined. And even if you're not a pro player with a colorful personality, there's more than one way to get your share of the profits.

Read on to find out how you can monetize your favorite pastime or even make it into a profitable career.

Become a quality assurance tester

Africa Studio / Shutterstock
Africa Studio / Shutterstock  

Prior to release, most mainstream video games go through a beta testing phase. Dedicated quality assurance (QA) staff will play the game for hours, carefully documenting any bugs, exploits or unfun play patterns.

While this might sound like a dream, know that you won't get to pick and choose your assignments. Depending on where you work, you're as likely to play the next Grand Theft Auto as you are to play Big Brain Academy or Barbie Horse Adventures.

You'll be expected to perform repetitive and mundane tasks, like running into rocks or fiddling around in the menu, in your search for glitches.

You may be able to snag a job with just a high school diploma, but it's not the most lucrative career. Half of testers make less than $35,000 a year, according to the job site ZipRecruiter.

So if you decide to start a career in testing, make sure to invest any extra income you have - even if you're only investing with your "spare change."

Go pro as an esports competitor

sezer66 / Shutterstock
sezer66 / Shutterstock  

The esports industry has gone from "rapidly growing" to "just plain huge." Prize pools for the biggest Dota 2 tournaments can top $30 million. Overwatch League members have been offered minimum salaries of $50,000.

Of course, only the best of the best can make good money in a game's competitive scene. Even then, you won't make a steady income by doing well at the occasional tournament.

Most pro players either entertain fans by streaming daily or maintain a well-paying day job or side gig.

Like pro sports careers, pro gaming careers are often very short. You'd be lucky to get five good years in before your reaction time slows down or the game's popularity fades.

That's why it's a smart move to ask a financial adviser to sketch out a retirement plan and to invest as much as you can.

That's sound advice for ordinary Americans, too, and these days you can even start a real estate portfolio with as little as $100.

Become a Twitch streamer or YouTuber

DC Studio / Shutterstock
DC Studio / Shutterstock  

As the Twitch mega leak has proven once again, the biggest and most consistent money in gaming is earned by entertainers who use their skills and personality to connect with fans. It's also one of the more accessible paths.

You will need to buy all of your own equipment - including cameras, microphones, decorations and other essential gear - but you can save some money by using a free browser extension that will automatically hunt for lower prices and coupons before you hit checkout.

And even without any official support from Twitch, YouTube or another platform, you'll be able to accept donations from fans, sell T-shirts emblazoned with your catchphrase and solicit sponsorships from headphone manufacturers and game publishers.

How to make money on Twitch

Once you have at least 50 followers on Twitch and meet some other basic benchmarks, you can join the Affiliate program. Affiliates gain access to an integrated donations system and will get a cut when fans subscribe to their channel for extra perks.

You can also get a 5% share of the profits whenever a viewer buys a game you're playing through an on-screen link.

The most popular affiliates can apply to the Partner program, which offers a cut of the advertising revenue made on your channel.

How to make money on YouTube

weedezign / Shutterstock
weedezign / Shutterstock  

First you'll need to sign up for a Google AdSense account and enable monetization. Once you have enough viewers watching and clicking on ads, a few pennies will start to trickle into your account. Keep in mind, AdSense favors videos it considers "safe" or unobjectionable.

To apply for the YouTube Partner Program, you'll need more than 1,000 subscribers. The program offers access to other income streams, like a cut of YouTube Premium's subscription fees and live Super Chat donations.

How to support yourself as a streamer

Remember, no matter which platform or platforms you choose, you'll be working as an independent contractor and not an employee.

That means, for example, finding your own health insurance. Luckily, generous subsidies are still available; over a million people who have joined marketplace plans this year are spending $10 a month or less.

You also can't rely on an employer to give you free money for a 401(k) retirement account.

Instead, get creative and look for lucrative investment opportunities wherever you can. You might be surprised by how much money you can make investing in farmland or turning your digital "spare change" into a diversified portfolio.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

COMMENTS

More Related News

Student loan refinance rates drop to new all-time lows and offer wider savings
Student loan refinance rates drop to new all-time lows and offer wider savings

New data shows refinance loan rates are historically cheap, even deep below 2%.

Wharton
Wharton's Jeremy Siegel warns that stocks could drop 10% as soon as December - hold fast with these 3 'conservative' tech picks

The professor is known for being bullish on stocks, yet even he says trouble's coming.

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business