In one report from CNBC, the author shares that e-sports is going to be a billion-dollar industry. This is no longer surprising, especially given the popularity of tournaments with a focus on e-sports. To add, people continuously find ways to earn money in e-sports. Among others, one of the most promising is through buying skins, such as in Counter-Strike: Global Offensive (CS: GO) and other similar games.
With the rise in CSGO skins value, you can earn a lot of money, especially if you own rare items. Is this an attractive business opportunity? How can you do it successfully? Keep on reading and learn from the insights we’ll share.
What is Skin?
Basically, a skin is a cosmetic element. Also called finishes, it gives a different texture to the weapons that you can use in CS: GO or other games. They do not assume any important in-game function. Rather, their function is purely for cosmetic purposes. In short, it makes your items more beautiful to look at but does not make it more powerful.
How Do You Acquire Skins?
By saying that skins will make an attractive business opportunity, for sure, many of you are now concerned about how to acquire these items. There are multiple ways by which you will be able to do so.
One of the most common ways to earn skins is through random drops. Consider yourself lucky if you will find one when playing a game or even when just watching a tournament.
You can also uncrate skins. This is possible by opening boxes or promotional items. You’ll never know what’s inside, so you might be surprised after finding out that you have a high-value skin waiting to be uncovered.
It is also possible to trade them with other players. There are platforms where you can do this. In this article, our focus is on buying skins. This means that you can buy skins from other players, the value of which will depend on the rarity or significance of the item you will purchase. Be ready to spend a fortune for skins that you can rarely find. In the future, there is a possibility that you can sell these skins at an even higher value.
Tips for Buying CS: GO Skins
One of the most popular ways to buy CS: GO skins is to find a reputable website. Once you find the right platform, create an account and log-in. Often, there is a sorting system that makes it easy to view the available skins. Look for those that you like and can afford. Add it in your cart. Fund your account and buy the skins that you have in the cart. You will receive an email confirmation and the skins will be automatically placed in your account.
Alternatively, you can buy direct from a seller. However, it can be challenging to find sellers, especially ones you can trust. A good starting point would be in online forums and community groups. Here, you will find people who are advertising the skins that they are selling. You can purchase directly from them and negotiate prices. This way, you will be able to eliminate the middleman, which means that you can buy skin at more affordable rates.
Making Money Out of Skins
People who are into e-sports can make big money, and one of the best ways to do this is through buying skins. You can buy it at a small amount and sell it in the future for a higher value. The rarer the skin is, the higher is the possible selling price.
There are a few things that you should note if you want to make money out of skins. First, be careful about what you buy. Do not just buy every skin that comes your way. In the same way, do not buy finishes only because they are cheap. You need to be a smart buyer. Do your research. Know more about the seller. Perform due diligence for an assurance that your money won’t end up going to waste. Be careful of the scammers.
Know when to sell the skins you have earlier bought. If you do not need cash, hold on to the finishes. Wait until there is a higher demand and when supply is limited. This way, your items will command a higher price, which also means that you can earn more from it.
The Most Expensive CS: GO Skins
Need more compelling reasons to believe that CS: GO skins will make an attractive business opportunity? You will most probably be convinced after knowing how much these skins have been sold by their lucky owners.
Based on information currently available online, the most expensive is the AWP Dragon Lore. In January 2018, it was sold for $61,052.63. This isn’t the regular version of the Dragon Lore. Instead, it is a souvenir with a set of unique stickers. That’s already equivalent to college tuition!
Other expensive skins include StratTrak M4A4, StratTrak Bayonet, and AK-47. Their value increases the rarer they become. If you bought any of these items, you can sell them at a profit!
CS: GO skins work like cryptocurrency, making it an important investment, especially for hardcore gamers. The value can be overwhelming for the average player. However, collectors will be more than willing to pay for these skins, even if they serve no other purpose beyond cosmetics. So, the trick of the trade is to find someone selling rare skins at a low price. Hold it for a while and when supply becomes almost impossible, release the skin, and for sure, savvy buyers will be reaching out to offer a price that you will find almost impossible to resist.
In sum, you can make money out of CS: GO skin, as well as finishes that you can have in other online games. The value of which will depend on the rarity or significance of the item that you have. However, take note that regardless of the price of the skin, this won’t add power to any weapon. Its function is purely aesthetic!