Many of us love to play games whether online or offline. Games like Epes, FiFa, PUBG, Free Fire, and other popular ones are enjoyable to play but have you ever thought of how they make or earn money?
Today in this blog post, am going to show you how the gaming industry make money from their work.
Currently, the demand for games, especially smartphone games, is increasing due to the wide use of the internet globally. So, the gaming industry is also trying to grow to meet the standards and wants of their players.
The gaming industry made over $184.0 Billion in 2023, with up to 14,532 games made.
The rate at which the gaming industry is going high is due to the rising of youth, especially their interest in playing digital action, sports and adventure games. This makes game players even earn money when they play and win certain games.
The Reason Behind The Growth Of The Gaming Industry In Ghana.
Mobile gaming has now become like the use of consoles worldwide or in Ghana and most game players are under the age of 25.
This is due to the low cost of smartphone which has high processing power, RAM and fast internet connection.
Gaming industries that develop some exciting games include Microsoft, Electronic Arts, NVIDIA, Disney, Sony Digital, Tencent and Disney.
Currently, online games on smartphone such as PUBG, Free Fire, Modern Combat, Epes, FiFa and Call Of Duty has made the gaming competition much exciting.
Apart from the low cost of certain smartphones, some gamer players use this as a chance to show their talent, techniques, strategies or skills through their game play on YouTube and Twitch.
As I said, there are some website that allow game players to make money or earn an income as they play their games through mobile.
How Gaming Company Earns Money
Through Showing OF Advertisements.
Most of the games we play on smartphones that are free to get show ads, banner ads, interstitial and incentivized ads that helps the game developer to make money.
The most popular ads system that allows game developers make money is Admob from Google. If you have ever played a game on your phone and viewed or seen ads popping up, then that's the means through which the game developer makes his money.
Again, anytime someone views or taps on the ads shown on the game, the developer earns an income.
Through Subscriptions.
In games like PUBG, Epes, Free Fire, Call Of Duty and few others, the game players have an option to purchase some items to enhance their game play. It is either you pay to use for week or a month. The payments you make are sent to the game developers.
With this type of earning, the game developers don't show ads but encourage their players to subscribe through payments.
Mostly, these developers invest in a high-speed servers and data centers, so they rely on the payments to continue their work.
Upfront Payment Method.
With this method, the user has to buy the game or pay for the game. After paying, they would have to create an account and sign in to play. In this way the game developer will also make money.
Free To Play Next Pay.
With this method, you have the chance to play the game free for some days or levels. After the free periods, the game player must pay to continue the other levels.
Freemium Business Method.
In this method, the game is free to download, but you must pay for any level or aspect of the game before you can play.
An example is the Clash of Clan (COC), where you have to pay for gems if you want to skip or speed up the game's levels.
Hybrid Model.
Various gaming industries commonly use this method. They show ads in the game and also have their players pay for subscriptions to certain levels or access to some tools in the game.