The United States is a country that loves its sports. There is a sport for everyone in the US, from football to basketball to baseball. And Americans love to watch their favorite sports teams compete. So whether it's the Super Bowl or the World Series, the US always has its eye on the prize.
But, it's not just professional sports that Americans are obsessed with. College sports are also huge in the US. For example, football and basketball games between rival colleges always draw a large crowd, both in-person and TV. And, many Americans grow up rooting for their local college team.
There is no doubt that sports play a significant role in American culture. And, it looks like that won't be changing anytime soon. Moreover, the sports industry is one of the largest in the entertainment sector, with average revenues reaching $70 billion. The people within this field are also some of the most paid, such as coaches and athletes.
A top athlete like LeBron James earns about $44 million as his salary, and he's only ranked as the 6th most paid NBA player in the league. Making money in the sports industry is relatively easy if you know what you're doing. Here are some easy businesses you can start in such an industry.
Professional Athlete
Not many people know this but becoming a professional athlete is a business. You're the product, and you can build your brand. Players like LeBron James and Stephen Curry can stand out even if they're not a part of their team. This is why such a career is a business for many people.
It's also the most common business model in the industry. Players are typically signed to teams, and they play for a certain number of years. During that time, they get paid by the team and also receive endorsement deals from different companies. After their playing career is made, many athletes go into coaching or broadcasting. At the same time, others create their products and eventually perfect their business.
Coaching
Coaching is another business you can enter in the sports industry. It's a great way to stay involved in the sport you love and earn a good living. There are many different levels of coaching, from youth leagues up to professional teams. And, there's always a need for good coaches at every level.
If you're interested in coaching, you'll need to get some experience first. Many coaches start out as assistants before moving up to head coach. And some even start their own coaching business. There are many online courses you can take to get started. But, the best way to learn is by working under a more experienced coach.
Personal Trainer
If you're looking for a more hands-on business, you can become a personal trainer. This is a great option if you're passionate about health and fitness. And, it's a business that's always in demand. People are always looking for ways to improve their health and get in shape.
As a personal trainer, you'll work with clients one-on-one to help them reach their fitness goals. You'll need to have knowledge of different exercises and be able to create custom workout plans. It's also important that you're personable and can motivate your clients.
There are many ways you can get started as a personal trainer. You can take courses online or even become certified through a program like the one from the National Exercise Sports Trainers Association.
Sports Lawyer
Interestingly enough, there are a lot of laws and ethical considerating concerning sports, and you can make a decent amount of money from that. Being a personal injury attorney is one of the best forms of sports lawyer out there. It pays well, and you get to help amateur athletes who are sometimes scammed by their insurance companies.
You don't need to be a star athlete or be experienced in sports to get into this business. However, you will need to have a law degree and pass the bar exam. After that, you can start working as a sports lawyer. There are many different areas you can specialize in, such as player contracts, endorsements, and licensing.
Sports Agent
If you're looking for a more creative business, you can become a sports agent. As an agent, you'll be responsible for representing athletes and negotiating their contracts. This is a high-pressure job that requires excellent communication and negotiation skills. But, it can be very rewarding if you're successful.
To become a sports agent, you'll need to have a degree in business or law. And, it's also helpful to have experience working in the sports industry. You can start out by interning at a sports agency. Or, you can get a job in player operations or scouting. Once you have some experience, you can start your own agency.
There are many different business models in the sports industry. And there are many different ways to get involved in the industry. Whether you're interested in coaching, broadcasting, or creating your own products, there's a way for you to enter the sports business. So, find the area that interests you and start pursuing your dream career in sports.
