Are you an entrepreneur but you lack ideas on what sports business to start? If YES, here are 100+ best business ideas in the sports industry.
The sports industry is known as a market where people, activities, businesses and organizations are involved in producing, facilitating, promoting, or organizing any activity, experience, or business enterprise focused on sports.
The sports industry today is a wide-reaching business that spans the field of play and recreation, and it ranges from the food served and memorabilia stands at the stadium, to media rights and sponsorships. As much as $620 billion is spent every year in the sports industry, which is catering to an ever-more increasing and faithful fan base.
In the United States, the general population participates in one kind of sports or the other, including tennis, golfing, biking, swimming, hiking, skiing, boating, and many others. The five major team sports are baseball, basketball, football, hockey, and soccer.
There are indeed several business opportunities in the sports industry, that you can make money from like rendering sports related services if the business is run the right way. Below are a couple of very lucrative business ideas in the sports industry.
100+ Best Small Business ideas in the Sports Industry
If you are a professional in martial arts, then you can generate huge profits from your passion by simply establishing a martial arts school to teach people the skills in martial arts. In recent time, parents now find it very expedient that their kids acquire martial arts skills.
With the growing rate of crimes in our society, it has become needful for martial arts to be learnt from an early age. Opening a martial arts school is easier said than done. There are many things to think about and there are many needed resources to pull it off. That being said, this can be one of the most rewarding experiences for a martial arts entrepreneur.
If you are a golf enthusiast and you desire to make money from it, then you should think towards starting your own golf course and resort business. Although opening a golf course and resort can be capital intensive, but if you know how to manage the business, you are sure going to make huge returns on your investment especially if you have been an active golf player in your community.
Starting your own golf course and resort is not an easy task to accomplish. It requires a complete project team and a solid capital base to be able to achieve your dream of owning this business.
Bowling has always been considered as an activity that is wholesome and fit, which makes it a very lucrative business as the profit that is generated from this business is all year round. One thing with starting a bowling alley is that it can be opened in a variety of hotspots like malls.
According to a report by Bowling.com, the average bowling alley can expect to make approximately $36,750 per lane annually. Though bowling alleys have seen a decline in popularity, the industry is currently in a rebuilding stage and is beginning to grow once again.
If you are looking for a business to establish as a sports enthusiast, you should think towards building an indoor soccer facility. Starting an indoor soccer facility in an area that has loads of soccer lovers but few open fields can be very lucrative.
Soccer is a global sport and people who love the game will always look for ways to play the game much more than watching people play it. Building an indoor soccer facility can be expensive but you can be rest assured that you will make your money within a few years of launching your indoor soccer facility.
If you live in Africa, Asia and South America, one of the low budget sports related business that you can start is to open a football viewing center. Aside from European champions’ league, English Premiership League (EPL) and La Liga, football lovers also pay to watch FIFA soccer world cups.
It is a cool way of making money. If the business is properly located and you have enough space to accommodate fans, you will be amazed at the amount you will make from the business.
The major things you need to get this type of business started is to rent a hall, acquire three or more big screen TVs and also a satellite TV decoder. Furthermore, be sure to make your viewing center really attractive, since there is already a crazy trend of competition in this trade.
A rental business is a very lucrative business for any start-up entrepreneur especially when you don’t want to go through the challenges involved in the production of goods. However, the success of the business depends on the entrepreneur’s knowledge and the right business plan.
Starting a jet ski business is expensive. Apart from the cost of the skis, you will need to have finance for fuel, maintenance, and advertising. To get you started and ensure that you don’t overshoot your budget, you can go for salvage Jet Skis that are on sale.
The cost of brand new Jet Skis ranges from $2,500 to $10,000, depending on the make and model, whereas a salvage Jet Ski for sale can cost half that much. After that, you then need to give extensive publicity to your business.
In the United States, outdoor and adventure retail is a $20+ billion a year industry, and paddle sports like kayaking and canoeing command a sizeable piece of the marketplace. Nearly 18 million Americans participate in kayaking and/or canoeing annually. In a bid to get out on the water, families and occasional paddlers lease kayaks and canoes from paddle sports centers on an hourly, half-day, daily or weekend basis.
Finding the right location is one of the first challenges your kayak and canoe rental startup will need to address. It goes without saying that proximity to recreational water is a prerequisite for paddling sport rental operations. Anyone who enjoys canoeing and kayaking may be well-suited to open a canoe and kayak rental business.
Becoming a football coach in the United States can be a wonderful career choice if you have good knowledge of the game, good communication skills, and the ability to lead and motivate young athletes. You will have to obtain at least a bachelor’s degree to coach football at a college or university.
A degree may also be necessary if you want to coach a high school team as it’s normal for coaches to also work as teachers. Your goal in this business is to gain substantial income by getting paid to coach football, but volunteering can help you gain the experience you need to be considered for coaching positions.
Starting a fishing tackle business is a good idea if you think you’re capable of supplying fishing enthusiasts the necessary items they need for fishing. Almost any equipment or gear used for fishing can be called a fishing tackle. Some examples are hooks, lines, sinkers, floats, rods, reels, baits, lures, spears, nets, gaffs, traps, waders and tackle boxes.
Don’t forget to buy these products and supplies directly from manufacturers only at a wholesale price so that you can make good profits. When it gets to the point of employing helpers and staff, hire those who are knowledgeable in fishing and can provide satisfactory customer service.