Pay to Play
You pay ... you play ... till operations cost hit then you pay some more
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The original form of monetization.
Its hard to beat this one ... when it works. The idea is the user pays you money, you provide a product as agreed, user plays said product ... done.
Really this is the golden ideal for consumers, so why does everything else exist?
Pay to play (P2P) simply means you have an up-front, one time defined price that people pay โฆ in order to play your game.
"Pay Once" is dead?
P2P's main issue and reason it needs to leverage additional monetization tools is that its not sustainable as a "one time purchase". There are often arguments on this but the maths for most studios are such that just about any project just isn't viable for a 1 time price ... that's reasonable to ask the consumer for anyway.
In the past a game was a "fire and forget" affair now days even single player standalone games require community management, support, maintenance development and more. Add to that general inflation, that is the $40-$60 price tag was set in an era now long gone. This however doesn't mean that Pay To Play is dead, simply that you need to consider your operations budget and how your going to provide for it. Also you will have an operations cost, that is your game will cost you money to maintain post release, even if its single player and standalone.
The Factors
These are factors of the cost of building a game that can be useful to think about as levers you can adjust to adjust the cost and thus profit of a game.
Team Size
Keep the team small. A smaller team has less overhead but there are more benefits as well. Smaller teams are more efficient and there is increasing evidence that small focused organizations working together yield better result at a lower cost than fewer larger organizations. In short don't "staff up" and crunch just to lay-off and ... consider partnering with other studios and keep your self lean and fit.
Whatever approach you take consider keeping your team small, when and where you require look to partners specialized in those gap areas you have and compare that to the cost of staffing up and then letting that staff go when your done with them.
Scope
You have likely heard this a lot, you probably think you have scaled your ambitions back a lot already. Never the less you probably have a bigger game in mind that is reasonable for your team and budget.
Monetization
The core issue with Pay to Play, lack of flexibility. Some studios are looking to raise the accepted price of a game while also looking into hybrid models. The issue here is the way this is being approached is very hostile toward consumers. Its also a failed cat and mouse game to simply up the P2P price to keep afloat, even if gamers accept $100 base price for a game that will only be relevant for X time and we are back at the fight again.
Ideally we could find a monetization model that wasn't at odds with the consumer, one that yields sufficient profits so as to sustain the industry without making the consumer feel molested. Their isn't at current a single good answer to this and that makes since every game is unique so why would 1 model fit all. Instead consider hybridizing your monetization model based on your game and target audience.
Examples
Every game that has a price tag at the register. Most games in the modern age are a hybrid of P2P and various F2P features such as an upfront price tag, seasons, microtransaction and DLC.
True Pay 2 Play
A few games attempt to stand on a soap box and say Pay 2 Play and nothing else ... most reverse that within a year or so noting that player exception of on going support and maintenance requires additional revenue. The days of releasing a game and being done with it have been dead and gone for decades at this point. Your game will incur maintenance costs post launch to some degree even as a single player standalone game. You will have on going maintenance costs, support costs, community management costs, etc.
God of War
Horizon Zero Dawn
Hybrids
Assassin's Creed Origins
Assassin's Creed Odyssey
Assassin's Creed Valhalla
Halo Infinite
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