Steam: Best ways to make a profit from games and items
Remember how everyone told you that you’d never make any money off of video gaming? Well guess what – they were dead wrong!
Sure, you might never be able to get the chance to hit the big time and become a professional gamer, taking in all kinds of tournaments and going head to head against elite gamers all over the world for big time prize money – but you don’t have to if you’re looking still rake it in with video games.
All you need is a Steam account, a bit of capital ready to be parlayed, and a knack for spotting high value purchases on the Steam platform and cashing in on them before anybody else.
Yeah, there’s a bit of luck involved, but the truth of the matter is that just about anybody can start cashing in on video games through Steam if they follow the tips and tricks included below.
Starting out on Steam
It’s amazing just how far Steam has come in the last 10 or 15 years. Originally starting out as a videogame publisher responsible for amazing titles like Counter Strike (the world-famous FPS that started off as a modification of Half Life before growing into a full-fledged online shooter), Steam today is the most influential gaming community and marketplace around.
Allowing just about anyone and everyone with a Steam account to purchase new games, items, and upgrades – including some very rare and very valuable bonuses – Steam is the go to solution for those purchasing games today.
It’s 100% free to join up with the Steam community, and though you’ll have to pay for digital downloads (whether that is a full version of a game or just some add-ons and upgrades makes little difference) you can use the rest of the community tools without having to spend a single penny.
Getting on Steam is essential to having any success moving forward. You’re going to need to have a Steam account so you can either become The Collector or The Hustler, to “classes” we are going to break down in just a moment.
The reason that you are going to need steam is so that you can quickly and easily grab rare games, rare items, or other valuable gaming downloads and then quickly transfer them to others inside the Steam network. But we will touch on that in a moment.
Choose your class before heading out
The first thing that you are going to want to do is choose the class that you are going to want to move forward with, becoming either The Collector or The Hustler in the process. Each of them has their own benefits and downsides, and there’s no reason why you can’t become both if you have the funds and aptitude to do so.
Just think of this as fleshing out your character class while playing your favorite RPG, and you’ll have a good idea as to what this actually means.
The Collector is a person that pretty much focuses on purchasing rare in game items for cold hard cash or in game points, and then puts those items up for sale on the third party marketplace.
Most of the time, a Collector is going to do research on the highest value items in the Steam Marketplace, though they will rarely (if ever) actually sell them through the Steam platform – for reasons that I will touch upon in a moment.
Search for the rarest items you can find on the bestseller or most popular list that are inside your budget, and then focus on flipping them for more cash than you pay (literally buying low and selling high) when the time is right. High value items like this are well sought after in the Counterstrike Global Offensive community.
The Hustler, on the other hand, is a little bit more involved in the online gaming community, and it’s going to take a bit of extra effort to get set up and started before you jump right in.
The first thing that you are going to want to do is sign up for at least 20 free Steam accounts (or 30, if you have the time), as this is going to lay down the foundation for your video gaming business.
What you’re going to want to do from here on out is to look for AAA videogame titles (blockbusters that are overwhelmingly popular in the video gaming community) that are available at steep discounts or even 100% free of charge – which is where your multiple Steam accounts are going to come into play.
The more free Steam accounts you have, the more free AAA titles you’re going to collect. What you’re going to want to do is keep collecting and purchasing cheap or claim free games on each and every account, until you have about 10 or so.
Then, jump onto an online forum or other third party site (not the Steam forum or Steam community marketplace) and sell them for a higher price than you paid. On rare occasion, Steam does give away free AAA titles and this is where your 20-30 accounts comes into play.
Previously Left 4 Dead 2 was free on Steam and by using all your 20-30 accounts or more to claim that game, you’re actually making free money. The current price for Left 4 Dead 2 on non-promotional days at Steam are $19.99 and multiply that by 20 fold and you get around $399.80!
Mark down the price a little cheaper than Steam and other digital gaming sites to easily provide the best offer in the market. Estimated profits? $250 – $300++ after selling all 20 accounts.
Putting it all together
Regardless of the type of class that you have decide to move forward with, you’re going to want to focus on selling your Steam items or Steam AAA titles for more than you ended up paying for them.
Obviously, you’re going to have to pay attention to what’s popular in the gaming community, what is considered to be rare and valuable, and learned a bit of marketing to increase the value of the packages that you have to offer.
Cashing in while flying under the radar
Secondly, you need to make sure that you are always (ALWAYS) selling your Steam items and Steam accounts outside of the Steam community. If you don’t, you’ll end up having to sell them inside of the Steam Wallet platform, which will never allow you to get your funds out of the Steam environment.
By selling your games or items on third-party forums like Reddit, Craigslist, or other video gaming communities, you’ll be able to exchange your Steam products and services for real money (available usually through PayPal) without any headache or hassle whatsoever!
Strike while the iron is red hot
Lastly, you need to make sure that you try to strike while the iron is hot. Rare items may not be so rare in the morning, and videogame titles that are super popular right now may not be so overwhelmingly popular in just a few months.
Move your products as quickly and as efficiently as you can, never sacrificing your profit margins but pricing them just enough so that they will “fly off the shelf”. It’s going to take a bit of time and a bit of doing, but you should be able to become a Steam Collector or Steam Hustler in no time at all!
See also: Make real money from MMORPG? Yes way!