Starting a business or a company on your own can be exciting as well as downright stressful. Along with the ownership come multitudes of responsibilities. You will require a lot more than just an idea to start your own company.
Come; let’s take a deeper look into this.
Why Start Your Own Company
Starting your own company gives you a sense of pride and accomplishment. It gives you complete control of the business, and you can grow along with it in many ways. You can hire people, train them and offer something unique to the world.
Benefits Of A Startup
When you decide on your industry, you are bound to come across a lot of competition. Both rising and dying. So, why not buy out one of those dying companies and revamp it to your taste and preferences? Why should it only be a startup?
Here are a few advantages of starting your own company:
Since you are new in the market, you can adapt to the current market scenarios. You can use the current technology; use a mix of old and the new; basically, adapt whatever works to thrive in the market you are operating in.
When you start a new company, the overheads are less. You have fewer employees, smaller office space, etc.
When the team is fresh and small, the level of efficiency is high. The employees recognize their strengths and weaknesses; they don’t take up work they are unfamiliar with. This helps you improve your company’s efficiency and deliver right.
4. Full Freedom
You have full control and freedom over your startup. You don’t have to abide by rules set by someone else. You can personalize the company, the work culture, etc., to suit your ideas and requirements.
Since it is your company and a startup still finding its foothold, you have the flexibility. You can change working hours or methodologies to suit the requirement.
For example, if you are a startup company that offers help in online games, you can choose any game to help with. You can choose and pick your niche based on demand and your resources.
You have full control over hiring. You don’t have to work with existing employees. You can choose to hire a technically educated person or an experienced person. You can even have a mix based on your needs.
How To Start Your Own Company
It can be a tricky business when you plan to enter the online games boost industry like them (click) to help players perform better. Not only is it highly competitive, but it requires a lot of strategizing as well.
Here are some of the essential factors to consider:
1. Market Size
The first and foremost step is to consider the market size. Gaming is a big industry, with many games being introduced regularly. New games, upgrades, next level, etc., are some factors to consider when assessing the market.
2. Type Of Games
Decide what kind of games you want to help out with. Are you going to provide an online game boost for all games or only a particular type of game-like simulation games, racing games, etc.? It narrows down your target audience once you know what kind of game you want to help with.
3. Gaming Rules
You must be very familiar with all the rules of the various games you will help with. Your entire team must be well versed with the rules and limitations of the games. Only then can they come up with legal ideas and strategies and not break important rules.
Now, the game inventor will not be happy when you provide a shortcut for players to excel. Though what you are doing is not illegal, it does go against the gaming company’s predictions and assessments. So, it’s essential to understand the various penalties. If your players get caught while using the shortcuts, what are the penalties? How can you help them circumvent this?
One of the most important factors is trust. You must come across as a trustworthy site that will help the players. Your website and offers should not look like spam. If it does, your target audience will run the other way and not trust your company.
You need to curate a team of players, engineers, and game developers if you want to stay on top of your business game. Game developers will know what to look for and understand the nuances of a new game quickly; a player will help you decode the game and identify the keys, controls, tricks, etc. in a very short period. A technically sound person will be able to come up with codes and other requirements to provide help to your customers.
eSports Startups Trends
Of course, when it comes to a startup, especially in such a fast-changing industry as gaming, it’s hard to offer any ready-made ideas. But here are a few areas to pay attention to those who want to try their hand in the online games based business:
1. Onine games coaching
It’s a website where you can find professional players, schedule sessions with them to play together and learn. GamerSensei is one example of such a startup. Basically it’s a video game training and coaching, and recently they raised $2.5 million investment, so it’s very serious.
2. eSports Academy
But classes can be conducted not only online, without personal contact, but also in real life. There are now eSports classes in schools and countries like Sweden and Norway, and also specializations in eSports in University in Las Vegas. So what’s stopping you from launching an offline business to teach people how to play their favorite game the right way?
3. Bar for Gamers
Gamers are often criticized for being less social than the rest of the population. And it sparked it true because a lot of them spend a lot of time sitting alone in front of their PCs or consoles and that’s a problem. So why not solve it by creating a social space around this passion? There is a new bar franchise, which is becoming super popular, which is called Meltdown. Basically it’s a bar for gamers where they drink alcohol, play video games and watch video game tournaments. It’s like the internet cafe concept all over again but much more fun and up to date.
Starting your own business to help players excel in their online games can be very exciting and challenging. This can be a fun way to make money. With the right ideas and an efficient team, you can crack most games and help people excel in them.