eSports might be the youngest sport right now, but it has already crushed the $1 billion mark. Along with this growth, there have been numerous business opportunities for big and small fish. So, if you’ve been nursing the idea of investing in the eSports industry, here are four business ideas to consider.
A Dedicated eSports Wagering Site
People have always liked the idea of having pocket casinos. They spend billions every year wagering on popular online games such as slots, roulette and poker. The same could happen for eSports too. If you have enough capital, set up a dedicated eSports wagering site, acquire licenses, do proper advertising, then watch the money roll in.
Influencer Marketing Agency
Influencer marketing is huge right now. However, most companies don’t have the time and patience to deal with a bunch of influencers from different platforms. If you set up an agency to handle all the dirty work for gaming companies, chances are, you are going to have a successful business. This idea needs small investment, but the returns are enormous.
Just like the traditional sports industry, eSports players are being bought and sold all the time. That means the industry needs people who will do all the wheeling and dealing. And that’s where recruitment agencies come in. They help players find sponsorships, endorsements and other income streams. Setting up and running this business might be tedious, but the paychecks are worth it.
Become a Sponsor
Sponsorship might not look like a business opportunity right away, but it sure is one. Thousands of people play and watch video games every day, and that presents a ready market for some business. Targeting a younger generation means steady growth for a business, so it’s more of a win-win situation for you (the sponsor) as well as the eSports team.