League of Legends 2023: Best Money-Making Strategies
By Tony | updated On Sep 1, 2023, 10:13 AM UTC
If you’re looking to monetize your passion for League of Legends, we’ve got you covered.
We analyzed the best ways to make money with LoL and we present them in this article to you with pros and cons.
Let’s not waste time and go right into the best ways to make money by playing League of Legends:
Best way to make money with LOL - Pros and Cons
If you want to go through the nitty-gritty of how you can monetize with League of Legends, we are summarising the options you have with pros and cons in the table below.
|How to make money with Lol||Pros||Cons|
|🎮 Pro Player||
|📈 Elo Boosting||
|🏅 Game Champions||
1 - Make money with advertising on Youtube
A common way to monetize your passion for LoL is becoming a YouTube streamer.
YouTube is the second biggest search engine after Google and together with Twitch is the main platform to enjoy video content.
League of Legends is no exception: in fact, millions of users visit Youtube to learn new things, improve their skills or simply to be entertained by their favourite content creators.
Youtubers with a big following can make a fortune with some consistency.
Take, for example, Protatomonster: with around 1.2 M subscribers, is one of the most followed League of Legends youtuber.
His videos get an average of 50-60K views. With 1-2 videos uploaded a day, it’s safe to assume he can easily get to an average of 1.8M views per month.
This is estimated to be in the range between $ 2,448.00 ~ $ 6,120.00.
There are few tools online that help you calculate the expected revenue based on the views.
Ultimately, it all depends on the amount of views you’re able and the cost per view you get.
The latter depends on a number of factors including whether the advertisers are directly targeting your channel or not, how high the bid is, the geo of your viewers etc.
While it’s a fascinating way to make money, remember that only a small minority are going to make it.
It’s the typical profession that you don’t start overnight. In fact, it takes a long long time to succeed.
First of all, you will need at least 1,000 subscribers to start monetizing your Youtube traffic.
The revenue will increase together with the growth of your channel, but it’s a mid/long-term game, where only the most persistent win.
So, if you want to make a living out of LoL Youtube videos, make sure you love the game, you’re a real expert and you’re ready to invest a lot of time in it. If it’s the case, the results will arrive, just not immediately.
Ah, everything just said applies to Twitch or other types of content, i.e. websites.
It doesn’t matter how that given platform lets you monetize your traffic. The point is you need a huge amount of viewers/visitors and it’s a process that takes time.
2 - Coaching
Another way to make money with League of Legends is with coaching.
Being coached can help you tackle your weaknesses and boost your strengths. It makes you have a different perspective and lets you optimise your time in your way to improve your competitive level.
It comes with no surprise that anyone who’s serious about a LOL career should consider coaching.
If some people are willing to invest their money into League of Legends coaching, there should be a market for expert players. But how big is it?
The truth is: “not too much”.
To give you a clearer idea, we analysed the volumes of queries such as “league of legends coaching”.
In the U.S, this keyword is searched around 900 times in a month, which shows how niche the market is.
This data doesn’t necessarily reflect the real interest in the service, as most of the users could be simply not aware of it.
That said, don’t expect to make tons of money with coaching. It’s more of a gig, you can make some extra cash in your spare time.
3 - Become a pro/Join a professional team
Becoming a pro in League of Legends requires a lot of dedication, practice, and a willingness to constantly improve your skills.
How to Become a LoL Pro
Here are some tips that can help you on your journey:
Learn the basics: Before trying to become a pro, you need to have a solid understanding of the game's mechanics. Learn about champions, items, objectives, and other game features by reading guides, watching videos, or playing against bots.
Choose your role: Decide which role you want to specialize in (such as top lane, mid lane, ADC, support, or jungle) and focus on mastering that role. This will help you develop a deeper understanding of the game and improve your overall gameplay.
Practice, practice, practice: Consistent practice is key to improving your skills in League of Legends. Play regularly and review your gameplay to identify areas where you can improve.
Watch pro players: Watching professional League of Legends players can give you insight into how they play and make decisions. You can learn from their strategies and apply them to your own gameplay.
Join a team: Joining a team can help you improve your teamwork and communication skills, as well as provide you with opportunities to participate in tournaments and other events.
Analyze your gameplay: Analyzing your own gameplay can help you identify mistakes and weaknesses that you can work on. Use tools like replay analysis or coaching sessions to get feedback on your gameplay.
Stay up to date: League of Legends is constantly changing, so it's important to stay up to date with patch notes and meta changes. Follow pro players and content creators to stay informed about the latest strategies and techniques.
Remember that becoming a pro in League of Legends takes time and effort. Stay motivated and focused on your goals!
4 - Elo Boosting
Elo boosting in League of Legends is the practice of hiring a more skilled player to play on your account in order to increase your in-game rank or "Elo." The term "Elo" comes from the Elo rating system, a method for calculating the relative skill levels of players in competitive games like chess or esports.
In League of Legends, players are ranked according to their performance in ranked games, with the highest rank being Challenger. However, many players find it difficult to climb the ranks and reach their desired rank due to various factors such as lack of skill, poor team composition, or simply not enough time to dedicate to the game.
That's where Elo boosting comes in.
By hiring a more skilled player to play on your account, you can quickly and easily climb the ranks and achieve a higher rank in the game. However, it is important to note that Elo boosting is against the terms of service of Riot Games, the company that develops League of Legends, and can result in account bans or other penalties.
5 - Win money playing on GameChampions
Some of the aforementioned ways to make money with League of Legends might not be the right fit for most players.
In fact, just an élite of gamers will make it to a professional career; similarly, only a handful of content creators will receive LOL enthusiasts’ attention.
The good news is there’s another way to play League of Legends for money and it’s not anything exclusive for top players.
On GameChampions, you can earn cash by playing LOL tournaments, no matter how good you are at the game.
You can also play against yourself and bet on your skills to overcome several LoL challenges. Interesting, right?
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