Hey there Sea Changers and welcome back you my site aimed at everything to do with making money online. Today we are going to look at things from a slightly different angle as we look at 5 ways to make money with your Xbox. Now this is not an area I have explored too much on this site as I usually look at how we can earn money online via the creation of a website for affiliate marketing etc.
However there are quite a few of you out there who may not be interested in that side of the work from home caper but still be very interested in other options. So if you have an Xbox, and looking to see how you can make some money from it – let’s check out my list below:
1. Xbox Live Gold Subscription
For members of Xbox Live Gold, there are many benefits to the service including online multiplayer gaming, video streaming, and game discounts. One lesser-known benefit is that you can make money with your subscription as well. As you do things with your subscription such as download and play games to find bonus ‘loot’ boxes, test new releases, purchase, win or upgrade ‘skins’ etc. or anything else they have to offer you can earn Microsoft Points.
In general, these points are then used to purchase new game and upgrades etc. meaning you can continue to play the latest games without spending any money (hence – loosely – you are making money). You should also know here that, as with many of these ‘point’ type scenarios, Microsoft points are not an easy way to convert to cash. However, there are many places that others who need these points will go to and will offer you cash in exchange for them.
Xbox tournaments are run by both Microsoft and individual gaming manufacturers where the best gamers get together and compete for cash and prizes. And the good news is that you don’t have to be an absolute gun to make some income here. Obviously the better you are at the game, the more you can win so as with anything, the more you practice (play), the better you chance you have of making some cash (see Pro gaming section below). Get to know all of the ins and outs of the game such as locations of secrets stashes, how all the weapons work and how to best protect yourself from attacks.
Tournaments can be found on websites such as Xbox Live where there are plenty of options ranging from first-person shooter tournaments to sports and ‘sandpit’ type games as well. Alternatively, you can hunt around on the websites of developers of games such as:
- Fortnite (tournaments in New York pay up to $3,000,000 to the winner)
- Call of Duty
- Madden NFL
- NBA Live
- And so on…
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3. Trade games and consoles
As with anything that has a following (and video games have a massive following), there is always a market for those looking to buy and sell items. You will need to do your research to find out what is popular and what is not however the basics of it all works as follows:
- Scour marketplace sites such as eBay and Amazon etc. for popular games that are being sold cheaply. ‘Pre owned’ bins in specialised video game shops can work here as well.
- Once you have found your cheap games or consoles, resell them on marketplace sites at a slightly higher cost.
The trick here is to find the ‘classics’ that avid gamers will collect to complete sets such as the sports type options that are released every year. For example, there is a good market for old Xbox 360 games.
Of course you could just sell the games that you don’t play anymore as well.
This a booming market and one that has made some very funny and boisterous young lads a cult following and a truck load of cash by simply playing video games online, talking about them, providing hint and tips and generally just being teenage boys.
Now there are many that are trying this so you need to be very entertaining and knowledgeable. That said, I did watch one guy on YouTube with over 1 million followers who simply reviews the games and narrates with a boring mono-tone voice. He is making over $50,000 per month on advertising alone. If course there are other avenues here such as Twitch as well.
Just make sure to get the attention of the community by:
- Posting quality content
- Sharing your personal experiences
- Linking to videos that you find interesting
- Interacting in forums
5. Become a Professional Gamer
And finally, if you do all of the above (well options 1,2 and 4 at the very least), you can attempt to become a pro gamer. Professional gamers around the world compete for huge prize pools in stadiums with their ‘matches’ streamed on live television channels. Of course this is not an easy task and you will have to be great at the games, not just good and pro gamers spend hours and hours becoming intricately knowledgeable on every aspect of their chosen game – commonly, these gamers focus on one game only and will often compete in teams as well.
The salaries of pro gamers vary depending on whether they are competing in tournaments, streaming on private channels or creating videos for websites like YouTube and Twitch. Generally speaking, high-ranking pro players can earn more than $100,000 per year. What’s more, as with sports stars, it isn’t uncommon to see pro gamers sign sponsorship deals with large corporations for hundreds of thousands of dollars.
So if you think you are good enough, start playing tournaments and see how high you can go.
And there it is – 5 ways to make money with an Xbox. I hope it has been helpful and as usual, please do not hesitate to comment below if you have any questions, need some advice or have any experiences to share.
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Until next time
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