How Can You Make Money Playing PS5 Games in 2024?
With the growing popularity and competitiveness of PS5 gaming, there are more ways than ever for skilled gamers to actually make money from their hobby. With dedication and the right strategy, profits from playing on Sony‘s latest console can fund an excellent side income or even full-time job. This guide will break down the top methods for monetizing PS5 gameplay in 2024.
Get Paid to Test Cutting-Edge PS5 Games
One of the most accessible options is becoming a professional playtester. Major gaming studios like Activision, EA, and Ubisoft frequently hire external gamers to test new releases on PS5 during development cycles. As a playtester, you play either unfinished builds or finished games for hours on end, trying out different scenarios while noting any bugs, crashes, or issues found.
Requirements for playtesting jobs typically include owning a PS5 console, availability for 10-20 hours of gaming per week, strong communication skills, and deep familiarity with gaming. Pay rates can range from $10 per hour for smaller projects up to $60 per hour for testing high-profile AAA titles nearing launch. Some specialized agencies like Keywords Studios even offer full-time positions.
According to data from the global testing agency QualiTest Group, average annual salaries for entry-level games testers now reach up to $54,000, with senior testers earning over $82,000. With the PS5‘s growing development ecosystem, these compensation rates will likely continue rising. Dedicated and skilled playtesters can turn gaming passion into a highly stable career.
Earn Ad Revenue from PS5 YouTube and Twitch Content
Another lucrative option is becoming a gaming influencer on YouTube or Twitch, attracting millions of views to PS5 gameplay and commentary videos. The most popular personalities like PewDiePie, Ninja, and DrDisRespect build massive followings then earn income from ad placements on their channels and video sales.
Top gaming creators on YouTube now earn between $300,000 to $1.5 million annually from their frequent PS5 live streams and highlight reels according to data from Business Insider. To maximize income, they pursue brand sponsorships, sell exclusive merchandise, and leverage their celebrity status. While reaching those earning levels takes major dedication, mid-tier creators can still clear over $60,000 per year from online gaming content.
Cash in on Competitive Multiplayer and Esports Tournaments
Skilled PS5 gamers focused on honing skills in popular competitive multiplayer titles can also profit by participating in tournaments and leagues. Games like Fortnite, Call of Duty, FIFA, and NBA 2K host regular events with prize pools ranging from $100 up to $3 million for top-tier championships. Even lesser known "esports" games like Gran Turismo 7 offer significant winnings.
The total esports market will generate over $1.38 billion globally just from sponsorships and media rights this year according to projections from Statista. And Newzoo estimates there are now over 200 million occasional viewers of competitive gaming. As interest grows from fans and sponsors, so do the profit potential and stability for pro-level PS5 gamers placing highly in contests. Brand sponsorships from gaming gear companies provide another revenue stream.
Just participating semi-professionally against skilled opponents offers ways to monetize too. Coaching less experienced players for hourly fees or selling leveled-up accounts with rare items both generate solid side income from multiplayer fanbases.
Profit from In-Game Items and Account Trading
Finally, you can earn money by trading items, skins, power-ups, and accounts accumulated while simply enjoying PS5 titles recreationally. Certain games contain thriving secondary markets allowing safes between players.
For example, rare cosmetic skins in Fortnite can sell for hundreds of dollars to collectors according to PlayerAuctions transaction data. Accounts stacked with characters and gear from years of Genshin Impact or Diablo 2 Resurrected grinding get purchased for similarly high prices. Even FIFA Ultimate Team coins and players get traded in grey markets despite the game‘s Terms of Service prohibiting exchanges.
While publishers officially forbid these practices and may ban offenders, millions in profits still flow through these gaming item trading ecosystems annually. Enterprising gamers willing to learn markets and take some risk can capitalize. But new traders should beware of scams when buying or selling.
In Summary…
As gaming culture expands, PS5 titles provide more integrated monetization options than ever before in 2024. Passionate console gamers have clear pathways to profit from their expertise, whether testing upcoming titles for studios, streaming to global viewers, competing professionally, or dealing items. With the right skills and strategy, Sony‘s newest system can fund an enjoyable side business or full-time career.
