The online gaming industry is a booming multi-billion dollar industry that offers countless opportunities for those who are passionate about gaming and technology. However, breaking into the industry can be daunting for many aspiring game developers and designers.
With over 1 billion online gamers worldwide, the gaming industry is one of the fastest-growing markets. The industry has experienced an exceptional growth rate in recent years, with online gaming projected to generate $196 billion in revenue by the end of 2022. With such a large market, it’s no wonder that many people are looking to break into the industry. However, breaking into the online gaming industry can be difficult without the proper knowledge and skills. This article will provide a step-by-step guide on breaking into the online gaming industry.
Explore the Gaming Industry
To break into the online gaming industry and start your own online gaming company, you need to begin by understanding how the industry works. Spend quality time on online video game discussion boards, news outlets, and websites. This allows you to gain extensive knowledge of video games and the intricacies of the gaming industry. Familiarize yourself with the latest trends, technologies, and discussions in the online gaming space.
Passion is essential in the online gaming industry. It’s important to have a genuine love for gaming and technology. Employers look for candidates who are passionate about the industry and who are committed to creating innovative and engaging games.
Additionally, it’s essential to research the competition and their business models. This will help you identify new opportunities, better understand what works and what does not in the gaming industry.
Identify Your Niche
The vast online gaming industry offers numerous niches that cater to different audiences. The key to success in the online gaming industry is to find and specialize in a particular niche that caters to a specific audience. It could be mobile gaming, console gaming, e-sports, or online gambling. Find a niche you are passionate about with growth potential, then study that area extensively.
The first step in breaking into the online gaming industry is gaining the necessary skills. It’s essential to have a strong computer science and programming foundation and a good understanding of game design and development. You can start by taking computer science, programming, and game design courses at a college or university.
Choose Your Online Gaming Company Structure
Another important step when entering the online gaming industry is choosing the appropriate company structure. There are several structures to choose from, including Sole Proprietorship, LLC, S-Corp, and C-Corp. Each structure has its unique advantages and disadvantages.
For instance, a Sole Proprietorship structure is the easiest and least expensive way to start an online gaming company, but it has unlimited liability, while an LLC structure provides personal liability protection and tax advantages.
Develop a Business Plan
A business plan is essential to the success of any startup, including an online gaming company. A well-crafted business plan will help you manage your finances, define your business vision, and effectively articulate your business strategy, target market, and unique selling proposition. Your business plan should focus on how you plan to monetize your gaming company and turn it into a profitable venture.
Choose the Right Team
Building the right team is critical to the success of any online gaming company. The team must have the technical skills and knowledge necessary to create an exceptional end-product, whether that is developing games, managing game servers, or providing technical support to gamers.
Additionally, each team member should be passionate about gaming to bring creativity and a unique perspective to your company.
Develop and Launch Your First Game
Once you have a solid business plan, a passionate team, and a niche, you can begin to develop and launch your first game. This is where the majority of the capital required to start an online gaming company is invested. But it’s also what can make or break your company.
When developing your first game, incorporate unique features and differentiate it from your competition. Focus on creating a fun, easy-to-play, and visually appealing game. The game should be bug-free to avoid negative reviews from gamers, which can be detrimental to your company’s reputation.
Having a strong portfolio is crucial in the online gaming industry. Employers look for candidates who have experience in game design and development. You can start building your portfolio by creating your own games, participating in game jams or hackathons, and contributing to open-source game projects.
Build and Launch Your Gaming Platform
Once you have developed and launched your first game, it’s time to build and launch a gaming platform. Your gaming platform should be user-friendly and visually appealing, with a strong focus on usability and seamless integration.
There are several options for building and launching a gaming platform. Do your research to find the one that’s best suited for your online gaming company’s needs.
Attend game development events.
Attending game development events is an excellent way to network and meet industry professionals. Look for game development conferences, expos, and meetups in your area. You can also attend online events and webinars to learn more about the industry.
Internships are an excellent way to gain experience and make connections in the industry. Look for internships at online gaming companies, as well as game development studios and publishers. Even if you don’t get hired at the end of the internship, the experience and connections you make can be invaluable.
Monetize Your Games
Several ways to monetize your games include in-game advertising, in-game sales (digital downloads), and subscription models. Each monetization model has its unique advantages and disadvantages.
When choosing a monetization model, please focus on the one that works best for your gaming company and its audience. Keep in mind that monetization should not undermine the overall gaming experience.
Market Your Online Gaming Company
Marketing is another essential part of building a successful online gaming company. As soon as you launch your gaming company, start marketing it aggressively. Use social media, influencer marketing, affiliate marketing, and marketplaces such as Steam to reach a broader audience.
Take advantage of the potential for viral marketing in the gaming industry by building a strong community around your game, encouraging user-generated content and running marketing campaigns that focus on the gaming community.
Networking is a must.
Networking is essential in the online gaming industry. Attend industry events, join online forums and groups, and connect with industry professionals on social media. You never know when a connection could lead to an opportunity.
Breaking into the online gaming industry can be a challenging and competitive process. It’s important to remain persistent, continue improving your skills, and build your portfolio. Don’t get discouraged if you don’t get hired right away. Keep applying for jobs, attending events, and networking.
The online gaming industry constantly evolves, and new opportunities can arise anytime. Be open to new opportunities, even if they may not be your ideal job. Any experience you gain in the industry can be beneficial and can lead to future opportunities.
Breaking into the online gaming industry and starting your own company is no small feat. However, you can create a profitable business with the proper research, solid business plan and team, niche, uniquely developed games, gaming platform, and effective marketing. Following the steps outlined in this article, you can successfully break into the online gaming industry and start your own online gaming company.