Do you want to start a video game related business but lack ideas? If YES, here are 50 best profitable video game small business ideas & opportunities. Video games are played not only by children or teenagers, but by adults all across the globe. The fact that there are video games designed for specific target market makes the industry a very lucrative one.
In recent time, people have started organizing standard competitions for video game players. It is usually fun. Video games developers all across the world are smiling to the bank because there is a large market for video games all across the world.
Since the first video game was introduced into the world, video games have metamorphosed into highly technical and real games. As a matter of fact, if you are playing some games, you will feel that you are playing the game real – time. So also, with the aid of the internet, you can play a video game with an opponent in another part of world.
If you are interested in starting a video game related business, here are some video game related business ideas you can choose from;
What are the Best Video Game Business ideas in 2021?
Table of Content
- Open a Video Games Center
- Start a Video Games Rental Service
- Video Games One-Stop Shop
- Video Games Repair Shop
- Video Games Developer
- Organize Video Games Competitions
- Start Blogging on Video Games Related Topics
- Develop Soccer Video Games
- Develop Basketball Video Game
- Develop Car Racing Video Games
- Develop Tennis Video Games
- Develop Horse Racing Video Games
- Develop Golf Video Games
- Develop Wrestling Video Games
- Develop Boxing Video Games
- Go into the Importation of Video Games
- Sell Video Games Franchise
- Open a Video Game Download Site
- Develop Shooting Video Game
- Develop Rugby Video Game
- Develop Bricks Laying Video Game
Open a Video Games Center
Kids love video games and it won’t be out of place to categorically state that the inventors of video games have kids in mind when creating their games. So, one of the thriving and profitable video game related businesses that you can start as an aspiring entrepreneur is to open a video game center. A place where people can pay to play video games of their choice. It is indeed a cool way of making money.
Start a Video Games Rental Service
If you don’t have the financial capacity to open a video game center as an aspiring entrepreneur and you are interested in starting a video game related business, then one of your options is to start a video game rental services. Asides from video game cartridges that people can easily rent, they can also rent small video games.
Just give them the option of paying on an hourly count, on a daily count, on a weekly count and also on a monthly count. It is a cool way of making money and it is a business that can be done during holidays, and of course from your house.
Another thriving and profitable video game related business idea that an aspiring entrepreneur can start is to open a video game one stop shop. A video game one-stop shop is a shop that has everything about video games for sale. Some video games one-stop shops do not just retail different video games from different brands, they also offer repair services.
So, if you are interested in starting a video game related business, then one of your options is to open a video game one-stop shop. Just ensure that the business is located in a place with the ideal demographic composition and you will be fine.
Video Games Repair Shop
When video games get damaged, or start malfunctioning, they are usually taken to repair shops to be fixed. If you are interested in a video game related business and you have the technical skills to fix bad video games, then one of your best options is open a video games repair shop. As a matter of fact, there are few video games repair centers which is why the few repair shops are always overwhelmed with customers. It is indeed a thriving and highly profitable business.
If you are a software apps developer, one of the sure ways of diversifying and making more money is to venture in video games. Once you are able to come up with a unique video game, a game that is accepted by a vast majority of players, then you are on your way to becoming a millionaire. There is indeed a large market for video games all across the world and that is why multi – national video games companies will continue to improvise so as to continue to dominate the international market.
Organize Video Games Competitions
If you live in a community with loads of video games lovers, one of the easy to set up video game related business idea is to organize video games competitions for game lovers. Just ensure that the entry fee is affordable and the prize is attractive, and you won’t struggle to get video game players enrolling in your video game competition.
Start Blogging on Video Games Related Topics
Another video game related business idea that an entrepreneur can successfully launch with little or no startup capital is to start blogging on video games related topics. It is interesting to note that there are loads of people out there who are making millions annually from blogging.
If you are someone who has sound knowledge in the video games industry, one of the businesses that you can consider starting is blogging on video games related topics.
The truth is that if your blog has useful and helpful contents, you will attract loads of traffic and if you have loads of traffic on your blog, you can easily secure good advertising deals from stakeholders and other businesses. Just ensure that you update your blog regularly with trendy and useful video game tips and you will continue to attract traffic.
Develop Soccer Video Games
One way of proving your worth in an industry is to specialize in a niche and one of the ways you can specialize in a niche as a video game developer is to start developing soccer video games. There are loads of football /soccer fans all across the world that would want to play video games that pitch their team against any other teams. If your soccer video game is entertaining, you won’t struggle to get people to buy them.
Develop Basketball Video Game
Another niche area that you can specialize in as a video game developer is to go into the developing of basketball video games. The truth is that basketball video games sell like wild fire in the united states of America. Just ensure that the interface of your video game is user friendly if indeed you want to attract kids and teens.
Develop Car Racing Video Games
Car racing video games development is yet another niche area that a video game developer can specialize in. Car racing usually attracts both kids and adults. Although, there are loads of car racing video games out there, but if you are interested in this line of business and you are able to come up with unique car racing video games, then you will certainly have your own fair share of the available market share within your target market location.
Develop Tennis Video Games
Just like all the different types of video games listed above, tennis video games usually attract huge downloads. So, if you are interested in starting a video game related business and you want to create a unique niche for your company, then you should consider becoming an expert when it comes to developing tennis video games.
Develop Horse Racing Video Games
Another niche area that you can specialize in as a video game developer is to go into the developing of horse racing video games. If you are able to carve a niche as a horse video game developer, you will certainly make good returns from your business. So, if you are interested in starting a video game related business, then one idea you should consider is developing horse racing video games.
Develop Golf Video Games
Another interesting niche area when it comes to video game developing that a video game developer can concentrate on is to go into developing golf related video games. There is indeed a large market for golf video games and if you are able to come up with unique golf video games, then you won’t struggle to get people to purchase your video games.
Develop Wrestling Video Games
Although there are loads of wrestling video games out there, but the truth remains that video game lovers would always want to try out new ones and if they are cool with it, they will inform their friends and that is how video games sell.
So, if you are interested in starting a video game related business, then one of your options is to go into the production of wrestling video games. Just ensure that you video game is competitive and you have known characters if indeed you want your wrestling video game to be well accepted.
Develop Boxing Video Games
Boxing video game is yet another interesting and of course well – accepted video game that a video game developer who is interested in starting a video game related business should consider starting. Before starting this business, ensure that you conduct your feasibility studies and market survey so as to know what the market wants and how to penetrate the market.
Go into the Importation of Video Games
Another thriving and profitable video game related business idea that an aspiring entrepreneur should consider starting is to go into the importation of video games. No doubt, the United States is amongst the top manufacturers of video games, but video games manufacturers in China, Japan and even South Korea are dominating the market. As a video game importer and wholesale distributor who resides in the United States, South America, Africa or Europe, you should consider importing video games from the far East; there is a large market for their games.
Sell Video Games Franchise
One thing is certain when developers develop video game that is accepted in the market, they usually patent it and also sell their franchise. If you are interested in starting a video game related business, then one of your options is to go into the selling of video games franchise. All you need to do to get this type of business started is to enter into business relationships with video game authors and then look for businessmen and women who are into video games to sell your video game franchise to them.
Open a Video Game Download Site
Opening a video game download site is yet another video game related business that an aspiring entrepreneur can successfully start and make good money. If you have interesting video games for download in your site, then you won’t have to struggle to get people to download latest video games from your website.
Develop Shooting Video Game
Shooting video games are yet another niche in the video game industry that a game developer can successfully go into. The truth is that video game lovers never get tired of interesting video games. Just ensure that you know how to push your video game to the market and you will be amazed at the rate people will accept your video game.
Develop Rugby Video Game
Although rugby video game might not be as popular as soccer video game, but in countries where rugby is a major game, rugby video game will definitely sell. So, if you are interested in starting a video game related business, then one of your options is to go into developing rugby video game.
Develop Bricks Laying Video Game
Brick laying video game is one of the popular video games that we have around, and video game developers keep researching on how to come up with unique brick laying video games. If you are a video game developer and you are interested in starting a video game related business, then you should consider developing a brick laying video game.
Frequently Asked Questions
What Is The Growth Potential For A Video Game Company?
The growth potential of a video game company is positive and available statistics show that the gaming industry has increased by half a billion players in the past three years, totaling 2.7 billion people globally. The report predicts more than 400 million new gamers are expected by the end of 2023. Remember, the global video game market size was valued at USD 151.06 billion in 2019 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.9% from 2020 to 2027.
What Are The Costs Involved In Opening A Video Game Company?
- The Total Fee for Registering the Business in the United States of America
- Legal expenses for obtaining licenses and permits
- Marketing promotion expenses
- The total cost for hiring Business Consultant
- The amount needed for the purchase of insurance policy cover
- The total cost for the purchase of accounting software, CRM software, and Payroll Software
- The cost for leasing facility for the video game lounge
- The cost for facility remodeling
- Other start-up expenses including stationery
- Phone and utility deposits
- Operational cost for the first 3 months
- The cost for Start-up inventory
- The cost for acquiring LED TVs, computers, Xbox stations, comfortable chairs, tables, Air Conditions, Shelve for stocking video games and video games accessories amongst others.
- The cost for the purchase of furniture and gadgets
- The cost of Launching a Website
What Are The Ongoing Expenses For A Video Game Company?
The ongoing expenses for a video game company are;
- Hardware replacements and software upgrades.
- Payment of utility bills
- Office stationary
- Subscription for high-speed internet
- Signage renewal fees
- Salaries of workers
What Are Some Insider Tips For Jump Starting A Video Game Company?
- Choose a good location and facility to launch the business
- Make sure your video game company or lounge is well stocked with different brands and types of video games
- Throw an open house party before officially opening the video game company
- Be deliberate with your marketing sales approach
- Encourage the use of word of mouth to promote your video game company
- Leverage on all available online and offline platforms to promote your video game company; seek for positive reviews from customers
What Happens During A Typical Day At A Video Game Company?
- The video game company or lounge is opened, cleaned, and arranged
- The video games, consoles, and accessories are properly cleaned and arranged or displayed
- The video game company or lounge is then opened for business
- When customers walk-in they are attended to; they either pay to play any video game of their choice, purchase video games, or rent video games.
- The lounge is closed for the day and accounts are balanced and the workers go home hoping to resume the next day.
Are Video Games Really Just A Hobby Or For Entertainment?
Video games can be a hobby to some people, but trust me, video games are also designed for entertainment. Besides, playing of video games is also a sport and people compete at local, national, and international level.
What Are Some Skills And Experiences That Will Help You Build A Successful Video Game Company?
- The ability to use, repair and maintain video game machines and tools.
- To be thorough and pay attention to detail.
- Problem-solving skills.
- The ability to use your initiative.
- Persistence and determination.
- People Skills (The ability to work well with others.)
- Knowledge of video games software and hardware technology.
- Customer service skills.
- Diagnostic & Quick Fix Skills
- Ability to Use Technology.
- Work Ethic.
- Bookkeeping and Accounting skills
- Marketing and bargaining skills
What Are the Best Startup Ideas In The Gaming Space?
- Sell Video Games.
- Open a Video Game Centre.
- Train People on How to Play Video Games.
- Open an Online Video Gaming Centre.
- Start a Video Game Reality Show.
- Start a Standard Betting System for Gamers.
- Start Video Games Rental Services.
- Start Video Games Production Company
How Can You Start A Reality Game Business That Is Profitable?
First, generate a workable idea and then write the idea down on paper. Analyze tacitly the games that are high on popularity scale. If needed, join a local game club as an apprentice to closely interact with customers and learn more about the catalysts that trigger interest and more business.
Finalize your idea, source for sponsors, and then be deliberate about pushing the idea to game lovers.
What Does A Beta Game Tester Do?
Beta game testers receive a version of a game that is close to its final stages. They must then play the game a number of times, from start to finish, in order to uncover bugs or glitches within the game. Beta testers are “real” users that conduct their testing in a production environment running on the same hardware, networks, etc., as the final release.
What Is The Best Way To Start A Franchise For A Gaming Business?
The best way to start a franchise for a gaming business is to first build a reputable gaming business, open other locations in different city, and when you are able to succeed with running your gaming business in other cities, you can then work with business consultant who are experts at designing and selling franchise to help you launch your franchise.
What Upcoming Developments Could Further Advance Online Poker?
It is safe to say that poker has always been somewhat of a social game. There are people out there who love the thrill of being able to play with a group of strangers. There are also enthusiasts who play poker in private events today. That being said, many players are now trying to find ways to play with fewer hands and with their friends online. Poker rooms are changing so that private games can be created with ease, and this is a very positive movement to say the least.
Do Gaming Cafes Make Money?
Gaming cafes are certainly profitable as gamers, especially young ones, enjoy gathering in places with their friends where they can spend a good bit of time on some serious gaming without interruption. You can start with a small enough sum of money and slowly build it up according to the requirements of your cafe.
How Much Does It Cost To Start A Gaming Cafe?
The cost will vary due to many factors like the interior design, the experience of gaming, amenities provided, etc. On an average, for a 10 PC setup (all high-end, with latest peripherals, furniture), it would cost about $37000.