Management Buyout of iConvert
3 mins • 2nd October 2024
Go back
As esports continues to grow in popularity, more and more businesses are looking to get involved in the industry. However, many companies are still facing roadblocks when it comes to converting their interest into actual involvement. In this blog post, we will discuss some common esports conversion roadblocks and how to address them.
1. Lack of understanding of the industry
Esports is a complex industry, and it can be difficult to understand all the different games, players, and teams. This can make it difficult for companies to know where to start and how to get involved. To overcome this roadblock, it is essential to do your research. Take the time to understand the different games and their communities. Attend events and tournaments to get a first-hand experience of the industry. This will help you to develop a better understanding of the industry, which will make it easier for you to identify opportunities for involvement.
2. Difficulty in finding the right partners
Esports is a collaborative industry, and it can be difficult to find the right partners to work with. This can be especially true for companies that are new to the industry. To address this roadblock, it is essential to network with other companies and individuals in the industry. Attend events and conferences, and reach out to esports organisations and teams. This will help you to build relationships with potential partners and identify opportunities for collaboration.
3. Difficulty in reaching the right audience
Esports has a unique audience, and it can be difficult to reach them through traditional marketing channels. To overcome this roadblock, it is essential to understand your target audience and where they consume content. Esports fans are highly engaged on social media, so it is essential to have a strong presence on platforms like Twitter, Instagram, and Twitch. It is also essential to create content that resonates with your target audience, such as esports-related articles, videos, and podcasts.
4. Difficulty in understanding the esports ecosystem
Esports is an ecosystem that includes players, teams, organisations, sponsors, and fans. It can be difficult to understand how all these different parts fit together. To address this roadblock, it is essential to understand the roles of each part of the ecosystem. This will help you to identify opportunities for involvement and understand how to work with different players in the industry.
5. Difficulty in measuring ROI
Esports is a relatively new industry, and it can be difficult to measure the return on investment (ROI) of esports activities. To address this roadblock, it is essential to set clear goals and metrics for your esports activities. This will help you to measure the success of your activities and identify areas for improvement.
In conclusion, esports is a rapidly growing industry that presents many opportunities for businesses. However, there are also many roadblocks that can prevent companies from converting their interest into actual involvement. By understanding these common roadblocks and taking steps to address them, businesses can overcome these challenges and successfully enter the esports industry.
3 mins • 2nd October 2024
2 mins • 2nd October 2024
5 mins • 22nd August 2023