Sports are a great way to get fit and stay healthy. But they can also be an excellent source of income if you have the right business idea. You have probably heard about global boxing and media outlet – you can read more about the outlet – is among the emerging sports media outlets globally. Even if you don’t participate in boxing games, you can still make money from these sports. Here’s how sports lovers can turn their passion into profit.
1) Become an Athletic Trainer or Physical Therapist
If you have the patience of Job, then becoming an athletic trainer is one of the best ways to earn extra income as a side hustle. You could work with athletes in your community who need physical therapy after injuries or surgery.
Or, become a certified athletic trainer yourself so you can treat people at their local gym instead of having them travel all over town to see someone else. The Bureau of Labor Statistics predicts employment opportunities for athletic trainers will grow by 19% through 2026. And according to PayScale, the average salary for this job is $55K per year.
2) Start your own gymnastics club
Gymnasts often struggle financially because it costs thousands of dollars to train each week. If you love gymnastics but don’t want to spend hundreds on lessons every month, consider starting your own club where members pay monthly dues to join.
This gives you more flexibility than working for a traditional gym since you’re only responsible for paying rent once a month rather than several times a week. Plus, there’s no reason why you couldn’t charge higher prices for private classes and camps. According to Business Insider, gyms typically generate about 30-40 percent profit margins from membership fees alone.
3) Be personal trainer
Personal training isn’t just for celebrities anymore — anyone can do it. In fact, personal trainers now outnumber corporate fitness managers. As such, demand for personal trainers has increased dramatically in recent years. So what does being a personal trainer entail? It depends on whether you prefer group sessions or individualized attention. Either way, most personal trainers start off earning around $20-$30/hour before taxes.
To find clients, many turn to social media platforms like Facebook and Instagram. However, these days, online personal trainers may require a degree or certification depending on which platform you choose to use. For example, Fitocracy requires users to complete courses and exams to receive its credential. On the other hand, CoachUp doesn’t offer any formal education requirements. Instead, it focuses on helping coaches build successful businesses through marketing strategies.
4) Run an online fitness class
Fitness instructors aren’t always paid well, especially when compared to teachers making six figures annually. That said, running an online class might actually end up being easier than teaching face-to-face. With today’s technology, students can log into video chat programs like Skype or Google Hangouts to connect with instructors without ever leaving home. Not only that, they also get access to exercise routines, nutrition plans, and even meal delivery services. All of which means less time spent shopping for groceries and cooking healthy meals.
5) Become a group exercise instructor
Group exercise instruction is another great option if you enjoy exercising alongside others. Instructing groups allows you to make money while meeting new friends along the way. Many studios hire part-time staff to lead small group workouts. But some companies are beginning to create large scale workout events designed specifically for beginners.
Companies like Workout Box allow individuals to attend free trials where they’ll be paired with experienced instructors who help teach basic moves and exercises. Afterward, participants pay a fee based on how long they’d like to continue attending weekly classes.
6) Sell running gear & apparel
Running gear and apparel brands are constantly looking for qualified salespeople to represent their products. The best place to look for this type of job opportunity is at local races and expos. You could earn anywhere between $50 – $100 per event selling branded merchandise. And here’s something else: according to Forbes, “the average runner spends over $1,000 a year on clothing and accessories.”
7) Launch a gym franchise
If you want to start up on your own but don’t know where to begin, look no further than franchises like Planet Fitness. These businesses offer low-cost memberships that allow customers to use any number of different facilities around town without having to pay separately for each one. The company will handle all aspects of running the facility, including hiring staff, paying rent, and providing equipment. All you need is a location and some marketing savvy.
8) Run a youth soccer league
Youth leagues often provide training opportunities for players who would otherwise never receive coaching experience. And because these teams tend to attract parents with children, there’s always plenty of potential revenue to go around. Plus, most states require coaches to hold licenses, which means you won’t have to worry about finding qualified instructors.
9) Organize charity tournaments
Charity golf tournaments aren’t just good ways to raise funds; they’re also fantastic networking tools. Not only do participants meet new contacts, but many charities benefit greatly from exposure. So whether you organize the tournament or simply donate prizes, you’ll likely find success.
10) Create a website
The internet has made it easier than ever before to set up a successful ecommerce site where you can sell sports-related apparels. Whether you specialize in selling clothes, shoes, electronics, or anything else, you can create a web presence that helps drive sales. To learn how to start your own ecommerce store, read How to Open Your Own ECommerce Store. You can also create a website that shares information and news regarding various sports. This is a good way to earn revenue online.
As mentioned earlier, sports are a great way to get fit and stay healthy. What most people don’t know is that the entire sports industry presents a unique opportunity to generate income. Implement any of the business ideas discussed above and start generating some income.