For the sports lovers with entrepreneurial instinct, to be discussed in this article are top sport business ideas and opportunity for 2020.
It is no brainier that the sports industry keep glowing and growing every now and then and the sports related business opportunity keeps sprouting out of it, too.
Essence, there is no sport activity that’s not lucrative and profitable. See the likes of basketball, Football (soccer), boxing, golf, whistling, tennis and host of others.
All these are sport activities that people are generating magnificent revenue through it.
Top 15 Sport Business Ideas and Opportunities for Sports Lovers and Athletes
To be discussed below is, however, popular sports business ideas and opportunity that you can do to generate incredible revenue.
1. Fitness Center
Health is wealth and as such, people of the world are very conscious of their body these days. Visit a gymnastic center and see.
The fitness industry is fast growing, and people are really demanding for more gyming centre as everywhere is becoming saturated.
Apart from athletes who are known for building their body in the gym, causal people are now patronizing the centre too.
So if you have enough startup capital, you can start this high revenue generating sport related business.
2. Organizing Sports Events
You can also generate awesome income by organizing sports tournament for sport lovers from the different locality to come together and compete.
Each participant or group will have to pay some certain fee for registration, and the spectators will be bill too as the competition unveils.
3. Selling of Sports Wear
Selling of sportswear is one of the best and lucrative sports business ideas you can start today.
Starting this sport business opportunity means you’ll have to get your own store for stocking the sportswear products and items.
The startup cost of this highly profitable business opportunity isn’t something much but still, it profits return is somehow huge and tempting.
4. Sport journalist
If you really love watching football and other sport activities and still, your writing prowess is amazing and second to none, then you can become a sport journalist.
This avails you the opportunity of turning your hobbies into profitable business.
As a sport journalist, you’ll be responsible for writing all the latest happenings in the world of sport as they unfold.
You’ll have to be current, smart and creative if you really want to succeed in this business.
5. Create a sports Blog.
Also, if your love for sport is one that was made from heaven and you have adequate knowledge on creating a blog or you know how to run one, then you can start a sport blog.
Write and make post on varieties of sports activities and latest happenings in the sports world and the moment you have enough traffic, you can monetize it to start earning.
6. Sports Cartoons
The last but not the least on the popular and highly profitable sport business ideas and opportunity that you can do is producing sport cartoon.
If you have the experience and knowledge, you can always produce the cartoons by yourself and if the reverse is the case, you may want to engage the service of an expert.
So producing sport cartoon with the inclusion of some famous and highly celebrated sports personalities in it will boost it sales.
7. Sports League Organizer
It’s immaterial whether you are an athlete or not, if you have the capital to run this sports business opportunity, then you are good to go. There are people out there with all necessary man power to organize a sports competition. Bring out the money and they’ll give you your profits.
Sports like amateur basketball leagues, table tennis, kickball leagues, dodgeball leagues, karate etc., all need someone at the helm in many society out there to keep it all organized.
8. Gym Owner
Whether it’s franchising or investing in a gym or starting your own small independent weight club, fitness-conscious individuals and bodybuilders need a place where they congregate.
This type of sport business clearly requires investment, obviously. there’s need for gym equipment, the gym itself, and insurance to cover it are just the beginning.
Referees are seriously in high demand and it will soon become a regular gig for numerous solopreneurs. Usually, scholastic and collegiate sports community or organizations are always in need of veteran refs for many number of sports.
In addition, the amateur athletics organizations such as the Amateur Softball Association do have a regular call for umpires refs and other officials.
10. Team Coach
Sports lovers with some time to commit can venture into soccer or basketball or lawn tennis or more to become a team coach. Although, these roles are mostly filled by their former players but not necessarily to be there ex players, either. So if you have a knowledge of how the game is played and you can teach it well, then become a team coach.
Coaching opportunities are often available through schools and colleges, local school districts and at universities. Also, you may want to consider select and travel teams too as they certainly need coaches.
11. Open a Basketball One Stop Shop
One of the easy to start basketball-related business ideas that an entrepreneur can start in any part of the world is a basketball one-stop shop. This is a place where people can purchase all their basketball wares and materials, i.e. basketballs, jerseys, sports shoes, hand bands, headbands basketball videos and basketball souvenirs, and all whatnot.
Just ensure that you choose a good location for your basketball sports shop and you won’t struggle to make daily sales.
12. Start a Basketball Academy
Another sports related business idea that you can start is opening a basketball academy; a place where young people can be groomed to become professional basketball players.
The truth is that if your basketball academy is well recognized, you are likely to attract students from all parts of the world. Please note that you would need a license before you can be allowed to legally operate a basketball academy in the US.
13. Sports Promotions Business
If you are a boxing fan, you most likely would have heard about Don King the famous boxing promoter; he is a successful boxing promoter that is known all over the world. You don’t need to start this type of business by competing with world-class sports promoters; all you need to do is to start from your local community.
You can choose to promote sports events in your community that can attract some of the finest skills in your community.
14. Balls Manufacturing
You don’t have to be a major player before you make money from manufacturing balls for different games that requires balls. You can start by manufacturing footballs, tennis balls, basketballs, hockey balls, volley balls, rugby balls et al for children.
It is a way to encourage children to start playing their favorite sports. If you are consistent and have a big mentality, someday in the future you can win the contract to produce footballs for FIFA™ sponsored tourney just like Nike, Puma, and Adidas.
15. Production of Sports Cartoons
The production of sports cartoons is one of the sport business ideas that a graphic artist/animation expert can successfully start. The truth is that, if you produce a cartoon movie that has top football, rugby, wrestling, boxing, or basketball players as characters then you are likely not going to struggle to get people to accept and purchase it.
You can convert your love for sport into money making business if you have the mindset and achievable goals.
Therefore, the above discussed 10 sport business Ideas for the future are not the only ones available, hence, there are other options you may want to explore.
Endeavor to start a sport business now and Join the league of multimillionaire athletes in the industry.