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4 Lucrative Business Ideas for Sports Lovers

August 6, 2022 by Paul Edwards Leave a Comment

Sports are something that can be enjoyed by anyone, both players and fans alike. Not everyone can be an athlete, but you can contribute to your favorite sport in a meaningful way as a business owner. The sports industry is huge and highly profitable, so there are many opportunities for you to consider. Some business ideas require high skill or high involvement, while others are accessible to anyone with a passion for sports. After getting an idea of what kind of businesses you might launch, you can break into the industry as a confident entrepreneur.

  1. Team Agent

Starting your own sports agency empowers you to represent local teams and advocate for their long-term growth. As an agent, your primary task would likely be to negotiate contracts and secure endorsements.

Representing your team doesn’t have to be about negotiations or ironing out legal matters, though. Maybe your talents lie in improving strategies as a statistician or hosting fundraisers for team events. Every team also needs a dedicated marketing agent who can expand outreach and drive ticket sales.

  1. Sports Therapist

If you are interested in pursuing an education in the medical field, you can become a valuable asset to any sports team as a physical therapist. A sports physical therapist uses knowledge of rehabilitative practices to help athletes recover from strains or injuries so they can get back to doing what they do best.

You can start this career path by earning a physical therapy degree while also studying sports medicine or other relevant topics. You will also need to receive the necessary certifications and a license to practice in your state. When you are ready to begin your practice, you might work with a specific sports team or launch a public clinic that is available to the community.

  1. Sports Venue Lighting Engineer

Engineering is an oft-overlooked necessity in the world of sports. Specifically, lighting engineers fill a crucial role in ensuring that spectators and viewers at home have the best possible experience watching their teams compete. 

Lighting up a sports stadium requires so much more than just shining a spotlight on the field. You can learn more about the architectural and scientific knowledge that goes into the lighting engineer trade by reviewing industry case studies on the subject. This will give you an idea of the lighting options for football stadiums and arenas of all sizes at each professional sports level.

  1. Remote At-Home Jobs

One study projects that over 20% of Americans will work from home by 2025, and if you prefer the remote work environment for yourself as well, you can leverage your enthusiasm for sports to make it a reality. One way to earn a living while contributing to the sports community is as a content creator. You can launch your own sports content business and manage it from a home office or studio. Depending on your unique talents, you might choose one of these remote business options:

  • Freelance sports writer
  • Sports podcaster
  • Social media producer 

There are many ways to enjoy a career in sports. Athletes, coaches, and stadium staff are not the only ones who keep the show going. If you have the drive to be an entrepreneur and the passion to contribute to your pastime, then starting a sports-based business might be the most fulfilling path for you.

Check out Local Marketing Center for more business and marketing insights.

This blog was written by Courtney Rosenfeld.

Filed Under: The Future Tagged With: Courtney Rosenfeld, freelance, social media producer, sport writer, sports podcaster, sports therapist, team agent, venue lighting engineer

How to Set Up Your Own Successful Handyman Business

July 20, 2022 by Paul Edwards Leave a Comment

Starting your own handyman business in the US could be a lucrative move – you could charge a respectable $50 to $80 per hour, according to HomeGuide. The work is challenging, interesting, only moderately physically demanding, and doesn’t need you to have an official education. Last, but not least, you could even get your own successful handyman business up and running and thereby be your own boss.

The Local Marketing Center explains everything you need to know about starting a successful handyman business below:     

Pick a specialty

Handymen come in all shapes and sizes and do a lot more than general maintenance and repair. That’s why you must choose an area of specialization. It would help you to stand out, be pickier about clients, and thereby charge more for your services. Some services you could specialize in are drywall installation, smart home upgrades, painting, tile installation, and appliance repair. Ideally, this should be something you’re already good at. 

Have a business plan

A business plan is like a blueprint for your business. It contains critical details about setting up shop, ranging from funding options and legalities to market research and business goals. With a good business plan, you can nail down exactly what you’ll be doing, who you’ll be doing it for, and how to be profitable.

Gather seed money 

Seed money is startup capital. You can use your savings, borrow from family or friends, get a loan, or attempt to apply for a grant. Typically, it’s a good idea to have enough to set up and remain operational for the next 6 to 12 months, until you have a chance to stabilize.  Depending on the nature and scope of your business, you can expect to spend $62 to $40,565, reports Starter Story.

Get insurance

You may or may not need insurance. Check your state or territory regulations to be sure. Getting insurance just to be safe isn’t always advisable because it’s not cheap and will significantly eat into your profit margin. You should opt-in if your customers need it or you do risky work. 

Licenses, training, and other legalities

There are several legalities to adhere to. You will need an Employer Identification Number (EIN). You, typically, need to register in the local chamber of commerce. Depending on your region, you may need a contractor or handyman license. Finally, it’s a good idea to form an LLC or similar corporation to protect your personal assets from lawsuits. You don’t need formal training to be a handyman – people typically take up apprenticeships or teach themselves. 

Consider special equipment

You will need special equipment, depending on the work you’re doing. At the very least, expect to need hand tools, a drilling machine, and a storage box. If you do specialized work, you may need ladders, safety tools, chainsaws, plumbing tools, and more. Free Business Ideas offers a reference list of handyman tools.

Make your life easier with software

Using apps will allow you to automate tasks and save time. For instance, map apps will help you find your clients’ locations quickly and note-taking apps will help you jot down pertinent details. You may need construction estimating software to run your business. This kind of software allows you to calculate material and labor costs, create a schedule for payments for customers, send estimates from job sites conveniently, and send automated reminders through email if a sent estimate hasn’t been approved.

Market for success

Marketing is critical. You need to make your handyman business discoverable through marketing-related efforts. Some ideas are having a business card, setting up a website, registering your business in relevant listings, joining the local chamber of commerce, printing flyers, advertising online, and advertising offline.

Marketing your handyman business on Instagram can be a great way to reach new customers and grow your business. To get started, you’ll need to create an account and start sharing photos and videos of your work. Be sure to use hashtags to reach a wider audience, and don’t forget to tag potential customers in your posts. You can also use this free Instagram story template to give your followers a behind-the-scenes look at your business. Build your story design by choosing a template and adding your own images, graphics, and icons.

Network for multiple reasons

Don’t forget to network. Networking raises your profile; helps you find useful connections like customers and mentors; works as free marketing; and allows you to build a safety net in your local community. Becoming a member of your chamber of commerce is a good way to get started. 

Conclusion 

While having a handyman business can be challenging and may come at the cost of job security, the advantages may balance it out. Some examples are setting your own schedule, earning a good income, and varied work. Remember to work hard, stay committed, develop your entrepreneurial brain, and market your business to be successful long-term! 

This blog was contributed by Courtney Rosenfeld

Image via Unsplash

Filed Under: The Future Tagged With: business plan, Courtney Rosenfeld, Handyman, licenses, Seed money

About Me

Paul with his wife, Sarah Edwards, are award-winning authors of 17 books with over 2,000,000 books in print.

Paul provides local marketing consulting through the Small Business Development Center. He is co-founder of a new website: DigitalDocumentPros.com.

Prior to becoming an author, I practiced law, served as CEO of a non-profit, and operated a public affairs consulting practice. [Read more...]

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