Statistics show that entrepreneurs experience rapid success when they dwell in a niche they have high affinity with or experience in. While many people overlook the idea of turning a hobby into a business, opportunities in the area are endless. If you enjoy sports and like playing a certain game, then it’s a good idea to consider starting a business in the niche. Starting a business in the sports niche doesn’t mean you have to be a professional athlete. You only need passion for it. Turn your passion for the sport into a successful business opportunity with the following sports business ideas:
For sports lovers, sports video games is a lucrative business idea today
If you’re a sporting enthusiast, then you know that sports gaming is a big business today. Almost every sports lover plays FIFA and Madden these days. You can take advantage of this demand by creating your own game. However, to be successful in developing your own game, you need to choose a unique angle. In other words, you must select a sport you love the most, and probably have expertise in. Then develop an interesting game that you would also die to play.
Sports writing is another great idea to start a small business
If you have been keeping up with a certain sport, for example, soccer, you probably have thorough knowledge of the teams and players. You can leverage this knowledge and convert it into a lucrative business opportunity, such as sports writing. You can actually start a sports writing company and share your knowledge with the world. With fresh articles about local and international football, you can attract a ton of soccer lovers to your website, and with time, you’ll have a big audience that visits your site every day.
When you have a big audience, advertisers will start looking for you to put ads on your website. You can also monetize the blog your own way, by selling your products through it. This can be a great passive income for you.
Sports radio station is one of the best business ideas today
Due to reduced subscriptions for sports channels, many people are able to watch their favorite teams play. But there are situations where someone cannot watch their favorite team play, for example, when traveling, while running, or when somewhere they cannot access a TV. Radio is the alternative when such situations manifest. And in this day and age where people are always on the move, many people are listening to their favorite games on the radio.
With the cost of internet cheaper today, starting a radio station is cost effective because you don’t need to invest in costly transmission equipment. You can air it online. When your sports radio station becomes popular, advertisers will approach you to promote their brand. A radio sports station can be a good source of income.
Sport-betting firm is one of the fastest growing business ideas with low investment
These days, sports fans want to enjoy the game while making money from it. That’s why they sign up to sports betting firms in record numbers to bet for their teams. In the developing world, particularly, sports betting is a big business due to the high rate of unemployment. So when you start a sports betting business today, you may start to experience results in only a matter of months.
Sports photography makes the list of the most lucrative business ideas today
As a startup photographer, you can make decent cash taking photos of children’s sports. Parents always want high-resolution pictures of their kids kicking a ball at a special scoring position. And because their smartphones are not equipped to take quality motion pictures, you can easily succeed in this line of business.
The sports fraternity has endless business opportunities. You just need to find them and inject a little bit of your own creativity, and you’ll start experiencing results. This list gives you a great starting point.
— Erin Brumleve (@erinbrumleve) 20 de febrero de 2015