Pros:
– Games can be developed quickly and cheaply. With the increasing popularity of game engines, it is becoming easier for developers to create games without having to invest a large amount of money in expensive development tools. Additionally, the cost of producing physical copies of games is relatively low, making it possible for the company to make a profit on each sale.
– There is an evergreen market for video games. Video game fans are always looking for the next big thing and with new consoles launching every few years, there will always be a demand for quality games.
– You can reach a large audience. With the advent of digital distribution platforms like Steam, it is now possible for game developers to reach an enormous global audience and make their games available to people from all over the world.
Cons:
– It can be difficult to stand out in a crowded market. The video game industry is one of the most competitive sectors in the entertainment industry, and it can be difficult to get noticed when launching a new game.
– It can take a long time to develop a game. Developing a high quality video game is an arduous process that can take months or even years depending on the scope of the project.
– You will need to invest in marketing. For a game to sell, it needs to be seen by potential customers. This means that the company will need to invest in marketing campaigns if they hope to generate any kind of revenue from their games.
– There is a risk of failing. As with any business venture, there is no guarantee of success when starting a video game company. There is a chance that the game may not be successful and the company may end up losing money instead of making a profit.