Top 3 pointers to start an eSports business.
eSports is a thriving economic venture which shows no signs of slowing down. In this virtual battleground, players compete with each other, duking it out through a variety of video games. Tournaments that span from Latin America, North America, to South Korea are the places where a team of professionals will gather to battle.
To be named king of the kill for many of these events is seen as a badge of honor, and it can lead to a great payday for a team of players. Some of the most widely played eSports include PUBG, Hearthstone, Overwatch, Counter-Strike, DOTA 2, and Fortnite. These games act as virtual multiplayer battlegrounds for many of the top players across the world.
The eSports business industry is slated to bring in $1 billion this year. In 2022, this amount is projected to rise to as high as $1.8 billion.
The field is also a lucrative one for those who are seeking more than just accolades for becoming king of the hill. When it comes to video game streaming, some eSports competitors can make approximately $5,000 per month. On a regular basis, some eSports players are making approximately $74,000 a year playing games like Overwatch, Hearthstone, and PUBG. For entrepreneurs, this is a lucrative field to be a part of.
Today, we’ll focus on top 3 pointers to start an eSports business or brand so that you can reap the benefits of this virtual battleground.
Determine which game your team will focus on.
Starting an eSports squad can often be just as daunting as creating any professional sports team. You want to first figure out which game your team will focus on. Are you building a team of players in North America which focuses specifically on FPS (First Person Shooters) games? Or will you build a squad that plays strategy games? Whatever you choose, you’ll want to dig into your chosen game as much as possible.
Let’s say you want to build a team of professionals who excel at PUBG. After you’ve answered the question of “what is PUBG”, dig a little deeper into how popular the game is amongst the eSports business.
Look into how much the winners pot is for such events and the skill level this game requires of players. You want your business growth to move upward when you establish your eSports brand. This begins by choosing a game that will give you peace of mind that your team can succeed in tackling it. With the right game, a well-trained team will be able to excel at whatever battle royale competition they will find themselves in.
Make sure you have the best technology for your company.
As with any business, you want to make sure your eSports company is technically sound. This will ensure that your company can play on the same playing field as any other place of the world. With eSports being focused primarily on the realm of tech, it makes even more sense that your company is well represented on this front. This might mean working with a top software outsourcing company to ensure that you have proper training software to keep your team of battle royale players in tip-top shape.
Working with such software development companies can also ensure that your startup eSports business’s computer or technological functions stay on track. They will be able to handle answering or dealing with any question pertaining to web development, quality assurance, UI design, business intelligence, artificial intelligence, analytics, web application development, and cloud services.
Finding a team of tech specialists can definitely help in a clutch. With the assistance of a dedicated team of IT experts or software outsourcing services who have years of experience, you will be on the right track to building a successful eSports company.
Network, network, network.
Do your best to connect with other entities in the electronic sports industry to ensure your companies growth. This means partnering up with ancillary service providers, eSports event organizers, streamers, and other eSports teams. Many of these businesses will bring years of experience, which will help your company to grow in the long run. This will help your brand get placed in front of more eyes.
In the long run, this will help your team of professionals to dominate on whatever virtual battleground you decide to compete on.