Do you want to start a sports business and looking for ideas? Find here list of best profitable sports business ideas and opportunities for your ready reference.
The global sports industry is growing rapidly. According to a report by PricewaterhouseCoopers (PwC), emerging sports markets in Brazil, Russia, India, China, and the Middle East continue to grow apace, offering scope for the development of new commercial opportunities in these territories for both domestic and international sports and events. Regardless, you are a sports person or not, you can start a business in this industry. However, you need to explore an idea depending on the local market demand and your investment capacity. Also, you must craft a business plan including financials and marketing strategies.
According to a study report in Forbes, The sports market in North America was worth $60.5 billion in 2014. It is expected to reach $73.5 billion by 2019. The biggest reason for such growth is projected increases in revenue derived from media rights deals, which is predicted to surpass gate revenues as the sports industry’s largest segment. These statistics are really inspiring for entrepreneurs for starting a venture in the sports industry. Here in this post, we have compiled 45 lucrative sports business ideas for your ready reference.
List of 45 Lucrative Sports Business Ideas
#1. Archery Range
Archery is becoming very popular globally. You can start the business in two ways. You can open your own archery range or you can partner with an existing business like a gun club.
#2. Baseball Batting Cage
This indoor game is very popular. This is also a very popular means of work out. You must be careful in selecting the location of this business.
#3. Basketball Academy
This could be the most lucrative sports business for any basketball players. In starting, you don’t need to have your own space. You can easily run your basketball academy from local courts.
#4. Boxing Center
Boxing is becoming one of the most popular fitness activities in North America. Millions of people enjoy boxing as their regular exercise and fitness activity. Apart from boxing, you can offer several other fun and fitness activities at the campus with trained instructors.
#5. Canoe and Kayak Rentals
Kayak rental business falls under the outdoor games and recreation industry. If you live in a location space nearby water bodies, you can consider starting this business. In selecting the location, you must take into consideration the ease of access, visibility, parking, and host of other factors
#6. Golf Instruction
You can start the business in two ways. You can start as an independent instructor at your backyard. You can also open a golf instruction school. The second option attracts a moderate financial investment.
#7. Indoor Games Academy
This is a very lucrative business nowadays. You can accumulate various games inside there. This type of academy attracts people of every age group.
#8. Sports Shop
A sports shop is a very lucrative business. You can establish the store with a very small capital investment. You can also create an online store if you want to attract a wider audience.
#9. Skiing Instruction
Skiing is becoming a popular winter sport that is enjoyed by millions of participants each year. Giving training and instruction about skiing is a very lucrative seasonal business.
This is another a great sports business you can start with moderate startup capital investment. You can produce snowboards in a small space. The manufacturing process is also simple. Even, you can start the business from home also.
#11. Sports Club
A sports club is an association that binds together people of similar interests. A truly passionate and visionary individual can start this business. The business is cash intensive.
#12. Sports Coaching
If you have sports coaching or playing experience in ice hockey, football, baseball, basketball, boxing, golf, tennis, soccer, or competitive diving, or any other popular sport, you can turn these experiences and skills into a profitable business by offering one-on-one sports coaching.
#13. Sports Wear Retail Store
This is one of the best retail sports business. You can source the products from manufacturers and suppliers. Otherwise, you can start with a franchise.
#14. Swimming School
Are you a passionate swimmer? You can train people for swimming. Or you can establish a swimming school. Swimming school attracts people of every age group. Swimming is recognized as one of the best workout options.
#15. Windsurfing School
Windsurfing is one of the most popular outdoor sports activity because of it’s inexpensive nature. If you are an expert in windsurfing, you can start this business from tomorrow. Otherwise, you can also operate this business by hiring skilled manpower for windsurfing.
#16. Athletic Club
This is another a great business you can start with small capital investment. Basically, athletic clubs provide pieces of advice and training to make athletes better physically and mentally. In this business, you will need to select the location carefully.
#17. Badminton Academy
You can open a badminton academy in two ways. One is your own brand and another is a franchise partner of a reputed brand. In this business, you must have skilled instructors to get long-term success. Nowadays, badminton is attracting more sports enthusiasts, equipment suppliers, and business savvy sponsors.
#18. Balls Manufacturing
If you want to start a small manufacturing business in this industry, then you can start balls manufacturing business. Different types of balls like football, tennis ball, cricket ball, basketball have the huge demand throughout the year.
#19. Baseball Batting Cage
This is another a great business you can start the part-time also. However, the business demands moderate capital investment and strategic planning. Additionally, you will need to keep skilled professional instructors for the members.
#20. Billiards or Pool Hall
Generally, the billiards, pool or snooker hall provides facilities to the people for playing cue sports. The wide range of cue sports includes pool, snooker or carom billiards. Additionally, you can serve snacks, soft drinks and cold drinks to your patrons. The business demands substantial capital investment.
#21. Bounce House
There are several ways to start inflatable bounce houses business of your own. You can offer only rental service. Also, you can open a fixed bounce house for the children. However, you must initiate the business according to your investment capacity and local market potential.
#22. Bungee Jump
Basically, bungee jumping is an adventure sport. There are several ways you can start and run the business. However, you need to check the safety rules at your location. The business demands startup investment for procuring the equipment and hiring manpower.
Generally, campground attracts both the sportsmen and tourists as well. This type of business demands good location with adequate space for camping. There are several niche variety you can offer to your clients. In starting a campground business, you will need substantial capital investment.
#24. Chess School
Actually, chess is an indoor game. It has immense popularity in the every age group of people throughout the globe. With a small space, you can start this business. Even, you can open a chess academy at home also. However, you need good instructors and strategic planning to get long-term success in this business.
#25. Cycling Club
Basically, a cycling club is a communal society for the cyclist. A cycling club’s activities vary from one aspect of cycle sport to a range of cycling and social activities. Racing clubs organize competitions for members and others, including track cycling, cyclo-cross, road bicycle racing and time trials.
#26. Football Referee and Coach Training School
This is an emerging business these days. As the overall sports industry is growing the demand for referee and coach are increasing very fast. You can set up a training school for this specific purpose. However, you must issue proper license to your students after completion of the training.
#27. Gym & Fitness Center
You can open a gym or gymnasium in both the open air and covered space. However, you will need to procure necessary apparatus such as barbells, parallel bars, jumping board, running path, tennis-balls, cricket field, fencing area.
#28. Health/nutrition coach
Starting a health or nutrition coach demands specific knowledge and skill. Additionally, you must have a keen interest in advising people for the wellness. Generally, a health coach is a supportive mentor and wellness authority who works with clients to help them feel their best through food and lifestyle changes.
#29. Karate School
Karate is a specific type of martial art. If you are a karate professional and have the adequate karate knowledge, you can open a karate school. The business demands small capital investment. And you can start the business as the part-time and full-time both.
#30. Martial Art School
If you are a professional and a warrior in martial arts, you can start this business. Actually, a martial art school has enough potential for generating good revenue. The countries like the United States, Canada, United Kingdom, Japan, and China have the most demand for martial art instruction.
#31. Memorabilia Sales
Generally, sports memorabilia includes a wide range of items. Such as hats, autographed photos, bats, game balls, and jerseys. These are very popular among the fans. You can open a brick and mortar retail store or online shop also to sell these items.
#32. Online Sports Shop
If you want to start an eCommerce business in the sports industry, you can consider this business. And if you want to start with the small investment, then opening a niche store is the best option. However, you must plan the business according to your investment capacity.
#33. Personal Fitness Trainer
First of all, this business demands specific skill and knowledge. The business is easy to start. Additionally, you can start this business from home. The market for fitness training is large and includes people of all ages, body types, and goals.
#34. Shuttle Cock Making
The shuttlecock is an essential item for playing badminton. Hence, there is always a huge demand for this item in the market. The manufacturing process is simple. And you can produce shuttlecock with some simple hand tools and equipment.
#35. Sports Bar
Basically, sports bars are sports-themed restaurant and bar. Generally, sports fans always prefer to have food and fun with watching their preferred tournaments in sports bars. The business demands strategic planning and moderate capital investment.
#36. Sports Blogging
Are you a sports enthusiastic? And want to open an online business? You can consider starting a sports blog. There are numerous subjects you can consider in opening a sports blog. Initiating a blog is extremely easy. And you can earn advertising revenue from the blog. You can check this article to learn how to start a sports blog within a few minutes.
#37. Sports Camp
Basically, it is a very profitable business you can start in the sports industry. You can find thousands of children and adults who attend sports camp on a regular basis. You can try a wide range of themes in this business. Such as hockey, basketball, badminton, baseball or gymnastics.
#38. Sports Copywriting
If you enjoy writing sports-related issues, you can consider starting a sports copywriting business. In this sports business, you will craft contents according to your customer demands. You can start this business from home and even on a part-time basis.
#39. Sports Magazine Publishing
Sport magazines are very premium magazines. And there are already huge customers for this type of magazines. If you want to start a publishing business in the sports industry, you can consider this business. However, this business demands substantial capital investment.
#40. Sports Photography
If you are an amateurish or professional photographer, you can consider starting a sports photography business. Broadly, there are two segments. These are still photography and videography. However, the business demands adequate skill and knowledge of photography and moderate startup capital investment.
#41. Sports Scout
In professional sports, scouts are experienced talent evaluators. Generally, they travel extensively for the purposes of watching athletes play their chosen sports. Also, they determine whether their set of skills and talents represent what is needed by the scout’s organization.
#42. Sports T-shirt Making
If you want to start a manufacturing business in this industry, you can consider this business. Sports t-shirts come with a wide range of patterns, designs, and colors. With a 1000 Sq Ft area, you can start the manufacturing unit initially.
#43. Tennis Academy
Tennis academy or tennis club is a profitable business. The business demands a good retail space. Additionally, you will need to invest to set up the club and to procure the necessary equipment. Additionally, you will need to hire skilled instructors also.
#44. Video Game Parlor
Video games are getting huge popularity these days. Generally, kids, children, and young adults are the major consumers of video gaming parlor. In starting a video game business, location plays a very important role. You must select a location nearby shopping complex, mall, multiplex etc.
#45. Yoga Instruction
Nowadays, yoga is getting huge popularity. If you enjoy doing yoga and have the adequate knowledge you can offer yoga instruction to your clients. If you have enough space, you can start the business from home. Otherwise, you will need to acquire a commercial location.
Sports industry offers a wide range of business opportunities. However, you must consider local competition, and market potential before exploring a business idea in the sports industry.
Sports business merchandise will see a boost in returns from an expansion in the female retail market, technology-driven retail enhancements and potential improvement in economic conditions throughout the globe.