10 Steps To Start A Video Game Business In Nigeria. In this post, we are going to give you details about the video game business, how to start a video game business, how much it cost to start a video game business in Nigeria and the steps to start a video game business in Nigeria.
Table Of Contents
- 1 Overview of a video game business
- 2 How profitable is the business?
- 3 What are the opportunities in the business?
- 4 Types of video game gadgets you should have
- 5 Step to Starting Your Computer Game Business in Nigeria
- 5.1 1. Register your business
- 5.2 2. Choosing the right location for your game centre
- 5.3 3. Knowledge and Experience
- 5.4 4. Hire a Gaming Assistant
- 5.5 5. Set up your TVs and chairs.
- 5.6 6. Fixed and Operational costs
- 5.7 7. Service Tips
- 5.8 8. Organizational Effectiveness
- 5.9 9. Get other Avenues
- 5.10 10. Study The Environments And Trends
- 6 The problem you might encounter
Overview of a video game business
Each and every teenager between the ages 13 and 26 in Nigeria has heard of a video game. The only difference between them is whatever game you choose to play. You may find people that enjoy playing Playstation Portable (PSP) or Playstation 3 and 4. (PS3 or PS4).
Interior and exterior games are played in a game centre. Game (video, board) fans gather to play games against one another. In Nigeria, video game centres are extremely widespread. Many of the video game centres have outdoor games (pools, tennis courts, golf, etc.), while others just have indoor video games. Indoor sports are more affordable than outside ones. but we will concentrate onindoor sports.
How profitable is the business?
Teenagers are searching for anything to occupy their time, anything to make them happy, and some take it up as a pastime. It is estimated that every day over a hundred game sets are completed in a game centre, which charges a minimum of N50 to N250 for each set for 10 minutes. A gaming centre is available for more than eight hours.
On weekends, customers are much more likely to visit a gaming centre or lounge since they have a leisure weekend at home. For instance, if you multiply each game set by #250 by 100, you get #25,000 each day of strong sales. Get #25,000 every day for six days and you’ll get #85,000. It will cost you roughly #15,000 to #20000 in a week to run the business, which includes gasoline and minor maintenance.
What are the opportunities in the business?
When a video gaming centre is overcrowded and there is another one nearby, youths tend to move on to the next one rather than wait for their own moment. Youths aren’t very patient when it comes to preparing for their round at a video game center, except if the place where they’re preparing for their time is finer than others at providing gaming services. Although if you’re open today, you’ll have new clients within the first six months.
Types of video game gadgets you should have
Any of the following may also be considered:
- Fire TV
- Play station 4
- Play station 3
- Xbox 1
- Xbox 360
- Nintendo DS
- Nintendo 3DS
- Play Station Vita
- Wii U
Step to Starting Your Computer Game Business in Nigeria
1. Register your business
When played inside, the game requires a certain amount of structure. If you want to create a gaming area, you’ll need a few different devices.
In my opinion, by now, you must have established your company with the Nigerian Corporate Affairs Commission (CAC).
So, we’ll focus on what you can do to establish your video game Business a success.
2. Choosing the right location for your game centre
At a video game centre, games are scheduled and arranged such that they may be played by the players. Most gaming consoles are equipped with this component as it’s one of the most crucial. A particularly popular gaming centre results in a high level of support. As a result, make sure you choose a location where you can find people who are game-ready.
Depending on how many people you expect, the size of your PC Computer gaming business centre should be based on the number of people you expect. In any case, space and a lack of stores might sometimes force you to make do with what you have. In the end, you’ll need to make the most of what you’ve got by cutting down unnecessary machinery to create room for additional players.
When it comes to evaluating whether or not your business will be successful, location is essential. While gaming rooms used to be mostly visited by children, the tendency has shifted in favour of older people as new game consoles have been released.
3. Knowledge and Experience
The answer to that question is yes, you do need to understand a few basics about video games and the current facts and developments. What was popular in 2008 may not be popular in 2018, therefore you need to study the industry and what the customers want or like. You’ll be able to learn more about your business and keep a closer eye on it if there are any dishonest interactions or problems.
4. Hire a Gaming Assistant
If you want to run this sort of business as a part-time job, then you will need someone to keep an eye on your business when you are away. Since you’ll be earning a lot of money, you need someone you can respect and who won’t be deceitful. As well as knowing how to handle the different gaming consoles, the individual must be able to troubleshoot immediately if needed.
5. Set up your TVs and chairs.
In order to set up the room, you’ll need a TV and chairs (in a few settings, seats are not required). There should be enough TVs and seats for two or more players. However, the basic configuration should be found on the available space. The following will help you get started with your video game business;
- Game Consoles (PS2 OR PS3, XBOX360 etc)
- V Sets
- Generating Set
- Step-down Adaptors.
- A Shop space (Game Hall)
- Tables and Chairs.
6. Fixed and Operational costs
It doesn’t matter if you establish a single lounge or a chain of them, if you employ helpers or operate it with your family (not recommended), the bottom line is that you will have to spend a lot of money. Before starting a gaming business, you need to think about the costs of running it on a daily basis. If you plan on running a lounge, you’ll need to think about how to do it. Would you rely on one type of power over another?
How do you plan to maintain your games up-to-date? Since upgrading game sets may be quite costly, these calculations are crucial.
7. Service Tips
Aim for client satisfaction, and don’t promote betting at your gaming centre, since this may lead to difficulties and conflicts with your customers! Complimentary games are a great way to entice customers to come back. As a bonus, urge them to pay before playing a match in order to avoid confusion and quarrels between you and your customers!
8. Organizational Effectiveness
Starting small, you just need one helper, but if you plan on having more than six televisions and game consoles, you will need two or three, because players may try to trick you into playing more games. Be sure to negotiate with your employees on how much they will pay you each day from the business, as well as how they will pay for gasoline and other emergencies that may arise.
This will help the owner and the employees communicate and prevent misunderstandings. You should also keep an eye on when your video gaming centre opens and closes.
9. Get other Avenues
For instance, 10-15 minutes of playing a game may be N200.00 for each participant. Playing the game yields N200.00 at regular intervals. Assuming there are six sets in an hour, that’s a profit of N120,000. Especially if the end of the week is hectic. Because of this, you should reward your consumers with more games. It’s possible that you’ll need a second pair of eyes to help you prepare and record your game. Players may be able to influence the planning.
10. Study The Environments And Trends
2020 has come and gone, and the cost of living in Nigeria is no longer amusing. As a result, you must be more rigorous in your analysis before implementing any big changes. Take a look at these considerations before starting a video company.
The problem you might encounter
The problems you’ll probably have to deal with parents of players and illegal police raids in your line of work. Here are Tips To Tackle Parents Issues:
- Make sure you have a documented regulation banning teens in school uniforms from accessing the lounge.
- Your lounge should be off-limits to teens and children between the ages of 8 and 18 during school hours.
- A non-refund rule for games played should be in writing and signed by the player
- Put it in writing that you are a legitimate profit-making business with the freedom to function with no restrictions, and that you would not be responsible for the gaming expenditure of your players.
Hence, with these tips on how to start a gaming business in Nigeria, getting started shouldn’t be difficult. Although the business may not turn out the way we expect from the start but making profit long the line is rest assured.
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