There are several business opportunities in the sports industry that a businessman or woman can make money from in 2023. The truth is that if you are looking towards starting a sports-related business, you have several options; and you can make money from the industry if you are determined.
One good thing about sports-related businesses is that you can afford to start small in your city and then grow the business to become a multi-million dollar company. Part of what you will require to achieve this is consistency, dedication, creativity, and good business management skills.
If you are all set to start a sports-related business in 2023, then you are reading the right article, and here are 46 sports-related business ideas you can start in 2023.
Sports Production and Sporting Goods Business ideas
Table of Content
- 1. Ball Production Business
- Production and Sale of Sports Toys
- Start a Sports Clothes Production Company (Sports Label)
- Start a Football Jersey Customizing Business
- Open a Sports Shop
- Start a Consignment Business that Deals in Sports Wares and Clothes
- Football Field Construction and Maintenance Business
- 8. Production of Sports Cartoons
- 9. Start Daily Fantasy Sports (DFS)
- 10. Start Fantasy Football
- 11. Start Fantasy Sports Stock Simulation
- 12. Start Fantasy Auto Racing Sports
- 13. Fantasy Collectible Card Game (CCG)
- Sports Media and Publications Business ideas
- 14. Start a Sports Magazine or Newspaper
- 15. Start a Sports Television Station
- 16. Start a Sports Radio Station
- 17. Start a Football Talk Show on Radio and TV
- Sports Consulting Business idea
- 18. Become a Football Scout
- 19. Sports Promotions Business
- 20. Sports Consulting Business
- 21. Start a Sports Marketing, Branding, and Promotion Company
- 22. Start a Sports Agency Business
- 23. Sports Research, Documentary, and Biography Writing Company
- Online Sports Business ideas
- 24. Start an Online Sport Shop
- 25. Become a Professional Sports Blogger
- 26. Open a Pay Per View Sports Website
- 27. Sports Betting Company
- Sports Academy, Clinic and Reality Show Business ideas
- 28. Start a Basketball Academy
- 29. Basketball Reality Show
- 30. Start Community Football Academy
- 31. Start a Basketball Kids Club
- 32. Start a Community Based Taekwondo Club
- 33. Organize Armature Football League in Your Community
- 34. Organize Armature Basketball League in Your Community
- 35. Start a Rugby Clinic
- 36. Start a Swimming School
- 37. Start a Chess Reality Show
- 38. Start an Athletic Club
- 39. Start a Cycling Club
- 40. Start a Training School for Football Referees and Coaches
- Other Sports Services and Related Business ideas
- 41. Football Viewing Center
- 42. Open a Gym
- 43. Open a Snooker Bar
- 44. Sale of Tickets for Sports Events
- 45. Start a Sport Souvenir Business
- 46. Start a Sports Photography Business
1. Ball Production Business
The production of balls is yet another sports-related business you can start in 2023. Interestingly, you don’t have to be a major player before you make money from manufacturing balls for different games. You can start by manufacturing footballs, tennis balls, basketballs, hockey balls, volleyballs, rugby balls et al for children.
It is a way to encourage children to start playing their favorite sports. If you are consistent, someday in the future you can win the contract to produce footballs for FIFA-sponsored tourney just like Nike, Puma, and Adidas.
Production and Sale of Sports Toys
Another profitable sports-related business idea that an entrepreneur can successfully start in 2023 is the production and sale of sports toys. Just ensure that you produce toys that represent favorite sports stars like; David Beckham, Pele, Diego Maradona, Christiano Ronaldo, Lionel Messi, Michael Jordan, Shaquille O’Neil, Usain Bolt, Serena Williams, Andrea Agassi, Tiger Wood, and Kobe Bryant et al and you wouldn’t struggle to get people to purchase them. Besides selling the toys for children’s use, you can also produce key holders that adults can buy.
Start a Sports Clothes Production Company (Sports Label)
Another sports-related business you can start in 2023 is to go into the production of sports clothes. Sports brands such as Adidas, Puma, Nike, and Reebok et al did not just start making it big from the onset; they paid their dues before they became what they are today.
If you want to produce sportswear, then you must be ready to adopt good marketing skills to better penetrate the market. The truth is that once your brand is accepted in your country, soon the international community will start buying your brand.
Start a Football Jersey Customizing Business
Another small-scale sports-related business that you should consider starting in 2023 is a football jersey customizing business. Top football clubs in Europe all have a fan base that cuts across people from all over the world.
If you are lucky to live in a city that has robust football followership, one of the small-scale sports-related businesses you can start is a football jersey customizing business. Part of what you need for this business is good graphic skills and a business network that can help you access quality jerseys at affordable prices.
Open a Sports Shop
Another sports-related business you can start in 2023 is to open a sports shop. No matter the part of the world or city you live in, people engage in one sporting event or the other. There will always be one or more sporting events that are popular in the city.
If you decide to open a sports shop in 2023 wherever you are located, you will attract loads of customers as long as your sports shop deals in relevant sports paraphernalia and it is well-positioned.
Start a Consignment Business that Deals in Sports Wares and Clothes
There are loads of people who can’t afford expensive jerseys of their favorite clubs, or sports equipment that they need to play their favorite sports. If you know how to source fairly used sportswear, you can make huge money by starting your sports consignment business in 2023. Just ensure that you have jerseys from different clubs, tennis rackets, baseball bats, hockey sticks, balls, boxing gloves, football boots, sports shoes, table tennis bats, chess boards, et al.
Football Field Construction and Maintenance Business
Starting a football field construction and maintenance business is yet another sports-related business you can start in 2023. Football clubs spend huge sums of money maintaining their playing field and training field; little wonder the playing fields are always in top shape during football matches.
If you have skills in that area, you can consider starting your football field construction and maintenance business. Aside from football fields, you can also list any sports that are played on a field as part of your service offerings.
8. Production of Sports Cartoons
Production of sports cartoons is yet another sports-related business a graphic artist/animation expert can successfully start in 2023. The truth is that, if you produce a cartoon movie that has top football, rugby, wrestling, boxing, or basketball players as characters then you are likely not going to struggle to get people to accept and purchase it.
Children love cartoons and producing sports cartoons will get kids to fall in love with the sport you are trying to project. For example, if you produce a cartoon that is built around football legends, kids that love such cartoons will naturally want to become footballers.
Fantasy Sports Business ideas
9. Start Daily Fantasy Sports (DFS)
Daily fantasy sports (DFS) is one of the sports-related businesses you can start in 2023. As with traditional fantasy sports games, players compete against others by building a team of professional athletes from a particular league or competition while remaining under a salary cap and earning points based on the actual statistical performance of the players in real-world competitions.
Daily fantasy sports are typically structured in the form of paid competitions referred to as a “contest”; winners receive a share of a pre-determined pot funded by their entry fees. A portion of entry fee payments goes to the provider as rake revenue.
10. Start Fantasy Football
Starting a fantasy football business is yet another sports-related business you can start in 2023. Fantasy football (less commonly referred to as fantasy association football worldwide but known as fantasy soccer in the United States and Canada) is a game in which participants assemble an imaginary team of real-life footballers and score points based on those players’ actual statistical performance or their perceived contribution on the field of play.
Usually, players are selected from one specific division in a particular country, although there are many variations. The original game was created in England by Bernie Donnelly on Saturday 14 August 1971 and is still going strong 45 years later. Fantasy football has evolved in recent years from a simple recreational activity into a significant business due to exposure via the internet.
11. Start Fantasy Sports Stock Simulation
The Fantasy sports stock simulation business is yet another sports-related business you can start in 2023. A fantasy sports stock simulation is a type of fantasy sports game. It differs from standard fantasy sports games, which involve drafting teams and competing against other teams in a league in certain statistical categories. In a fantasy sports stock simulation, players and teams are “stocks” in a stock market that can be bought and sold, and which acquire earnings based on their statistics.
While standard fantasy sports games typically require drafting a team at the beginning of a season to participate, fantasy players can join and participate in a fantasy sports stock market at any time during the season. Fantasy stock simulations are similar to prediction games and prediction markets in that players speculate on the future of stock prices in a virtual world.
12. Start Fantasy Auto Racing Sports
Another sports-related business you can start is a fantasy auto racing sports business. Fantasy auto racing is a type of fantasy sports game based on motorsports. Players, also known as fantasy team owners, select a roster of drivers to earn points according to actual race results.
Player scores, as determined by their drivers’ actual racing results, are sorted within a league of players to determine weekly, periodic, and championship winners. Games can be free or pay-to-play with cash or merchandise as prizes. Most American games follow NASCAR Cup racing and award drivers points based on the official NASCAR points system.
13. Fantasy Collectible Card Game (CCG)
Another sports-related business you can start in 2023 is the fantasy collectible card game (CCG). A collectible card game (CCG), also called a trading card game (TCG), is a type of card game that mixes strategic deck-building elements with features of trading cards, introduced with Magic: The Gathering in 1993.
Generally, a player may begin playing a CCG with a pre-made starter deck, and then customize their deck with a random assortment of cards acquired through booster packs, or from trading with other players, building up their library of cards. As a player obtains more cards, they may create new decks from scratch from their library.
Sports Media and Publications Business ideas
14. Start a Sports Magazine or Newspaper
If you are a trained journalist, one of the sports-related businesses that you can start in 2023 is a sports magazine or sports newspaper publication. The truth is that the percentage of people who read sports news and buy sports-related newspapers is enough to help your business break even no matter the part of the world that you are located in. To maximize profits from this business, you can also publish an online version of your magazine or newspaper and make people pay to subscribe.
15. Start a Sports Television Station
Another sports-related business you can start in 2023 especially if you are a big-time investor and you know your way around government bureaucracy in your country is to secure a TV license and start your own sports television. Although starting a sports television station requires huge start-up capital and a good business strategy but the fact remains that it is a profitable venture.
16. Start a Sports Radio Station
Another sports-related business you can start in 2023 is a sports radio station; a station that is dedicated to everything sports on a 24 / 7 basis. Although it is capital intensive to run such a radio station, but you are sure going to reap huge benefits from the business.
17. Start a Football Talk Show on Radio and TV
The business opportunities available in the sports industry are very large and one of the ways you can make money from the industry in 2023 is to start your football talk show on radio and TV. If you have quality guests per – time and the show is well organized, you will attract corporate sponsorships; it is indeed a cool way of making money while fulfilling your passion.
Sports Consulting Business idea
18. Become a Football Scout
Becoming a football scout is yet another sports-related business you can start in 2023. Without being a football player, you can become a talent scout for football clubs in Europe or even in your country. The truth is that the football business is indeed a money-spinning business and if you to discover world-class football talents for a club, you are likely going to become an instant millionaire especially if one of the top football clubs in Europe signs the player you discovered. A good example is the case of Lionel Messi and Neymar both of FC Barcelona of Spain.
19. Sports Promotions Business
Sports promotions business is yet another sports-related business you can start in 2023. If you are a boxing fan, you most likely would have heard about Don King the famous boxing promoter; he is a successful boxing promoter that is known all over the world. You don’t need to start this type of business by competing with world-class sports promoters; you can easily start from your local community.
You might not start making money immediately, but the truth remains that if you are consistent and willing to grow with time it won’t be too long before you start making money as a sports promoter.
20. Sports Consulting Business
Another interesting sports-related business that you can start in 2023 is to become a sports consultant; offering consulting services to sportsmen and women, sports clubs, and even the government. Although this business is still pretty much green, it is not open for all and sundry.
You should be able to prove your worth as a consultant before you can make headway in the industry. It is one thing to register a business as a sports consultant, but another thing to attract clients especially big-time customers that can pay your huge fees.
21. Start a Sports Marketing, Branding, and Promotion Company
Sports marketing, branding, and promotion business is yet another sports-related business you can start in 2023. Sports marketing is a subdivision of marketing that focuses both on the promotion of sports events and teams.
It is a service in which the element promoted can be a physical product or a brand name. For example, you can help a company who is into the manufacturing of sports clothes market and promote their new products and you are sure going to make money as long as people patronize sports wares from them.
22. Start a Sports Agency Business
The sports agency business is yet another sports-related business you can start in 2023. Sports agents represent athletes in professional negotiations for contracts, salaries, endorsements, appearances, and other business agreements. They work to promote the athlete’s image, abilities, and career and most often earn money from commissions based on the agreements they broker.
23. Sports Research, Documentary, and Biography Writing Company
We are already in the knowledge era and you can leverage this to start a sports research, documentary, and biography writing company in 2023. The truth is that if you are a researcher or someone in academia you can make good money from the sports industry by specializing in researching and writing biographies for eminent sports personalities.
The truth is that if you are good at what you do and you can successfully write and publish the biography of one or two well–known sports celebrities, it won’t be too long before you become a star. Please note that this type of business is pretty much green and it is open for professional researchers and biographers.
Online Sports Business ideas
24. Start an Online Sport Shop
Another sports-related business that you can start in 2023 is an online sports shop, a shop where you will sell sports accessories strictly online. There is a large market for sports wears and accessories. Just like any other e-commerce store, you would need to make shipping arrangements.
25. Become a Professional Sports Blogger
One of the sports-related businesses you can comfortably start in 2023 with little or no start-up capital is to start blogging on sports-related topics. You could choose to specialize in just one sport or you could settle for all sports. The bottom line is that if you have useful content on your blog, you will attract readers, and the higher the number of visitors that visit your blog regularly, the easier it is for you to make money as a blogger. You will be able to get corporate organizations to place adverts on your blog.
26. Open a Pay Per View Sports Website
People are always on the go but that does not stop them from watching live sports events. One sports-related business you can start in 2023 is to open a pay-per-view website where sports lovers can view their favorite sports. If you can secure permits to stream live matches, you will surely attract loads of clients from all over the world. Just ensure that you have a secure payment platform.
27. Sports Betting Company
Starting a sports betting company is yet another sports-related business you can start in 2023. People all over the world are into sports betting and the industry of course is growing in leaps and bounds. The sports betting business is one of the sports-related businesses that can thrive in any part of the world especially if you also have a functional website.
Sports Academy, Clinic and Reality Show Business ideas
28. Start a Basketball Academy
Another sports-related business you can start in 2023 is to open a basketball academy; a place where young people can be groomed to become professional basketball players. The truth is that if your basketball academy is well recognized, you are likely to attract students from all parts of the world. Please note that you would need a license before you can be allowed to legally operate a basketball academy in the United States.
29. Basketball Reality Show
If you are an event organizer and also a basketball enthusiast, you can consider starting your basketball reality show in 2023. If the program is well-organized and you can secure sponsorship, then the reality show will likely become an annual show if you want it to be so. You are sure going to make good money from this business venture if the reality show is well-received.
30. Start Community Football Academy
Football is a global sport and it is indeed one of the most popular sports in the world. Aside from being a popular sport, it is also a money-spinner. One of the ways you can make money from sports-related business in 2023 is to start your football academy.
The truth is that if your football academy has a good standard, you will surely attract students from far and wide.
31. Start a Basketball Kids Club
Starting a basketball kids club is yet another sports-related business an entrepreneur can start in 2023. You can start a program/club to catch future basketball players from an early age. Just ensure that you create basketball events to teach kids the rudiments of basketball. You can target schools and parents to enroll their wards in your basketball kids club. You will be required to register the business and obtain a license before you can be permitted to operate this type of business.
32. Start a Community Based Taekwondo Club
Another sports-related business that you can start in 2023 is to start a community-based taekwondo club. In schools especially primary and high schools (secondary schools), part of the extra curriculum activities that students engage in is taekwondo. You can start a community-based taekwondo club where parents can send their children to after-school hours.
33. Organize Armature Football League in Your Community
If you are good with organizing events and you are a football lover, one of the sports-related businesses that you should consider starting in 2023 is an armature football league. It could be for high school students, college students, or community-based football clubs. There are organizations in your community and even politicians who will be willing to sponsor it as long as it keeps students out of trouble. It could be a one-off thing and it could be a yearly thing.
34. Organize Armature Basketball League in Your Community
Another sports-related business that you can consider starting in 2023 if you are a good organizer of events is a basketball league for high school students in your community. You will surely attract corporate sponsorship if the event is well planned and packaged. It could be an annual event or just a one-off event.
35. Start a Rugby Clinic
A rugby clinic is yet another sports-related business you can start in 2023. The truth is that the fan base of rugby is on the increase and there are loads of countries who are yet to join the flow despite rugby being considered as one of the top 3 most popular sports in the world.
If you are in a country where rugby is relegated to the background, you can start a rugby clinic and attract children of school age. If you are a good organizer and can attract sponsorship and endorsement from well–known rugby players and key establishments in both the private and public sector, you can move your rugby clinic from one city to another in the bid of getting people to start loving and playing rugby.
36. Start a Swimming School
Another sports-related business you should consider starting in 2023 is opening a swimming school. Aside from the fact that people swim for sports, most people that engage in swimming do it for fun. If you are a good swimmer and you know you can teach people how to swim either for sports or fun, then you should look towards starting your swimming school. One thing about this type of business is that you can run it as a part-time business while keeping your regular 9 – 5 especially if your weekends are free.
37. Start a Chess Reality Show
If you can secure good sponsorship deals from corporate organizations or the government, then you should consider starting a chess reality show in your country in 2023; a show where chess players can show their skills and compete against one another in a friendly and socializing environment. You can rest assured to attract chess players who will be willing to participate in the reality show especially if the prizes are attractive.
38. Start an Athletic Club
Starting an athletic club is yet another sports-related business that you should consider starting in 2023. The truth is that 100 meters sprint is perhaps one of the most-watched Olympic sports events hence the popularity of gold medalists in 100 meters sprint events.
People like Ben Johnson, Carl Lewis, Usain Bolt, et al are popular sports figures simply because they won 100 meters sprints at the Olympics. You can start an athletic club in your community. Aside from making money from the business, it is also a way for you to contribute your quota in helping your country raise world-class athletes.
39. Start a Cycling Club
Cycling is another sport that people do for fun even from a very young age. If you are looking towards starting a sports-related business in 2023, then you should consider starting a cycling club.
40. Start a Training School for Football Referees and Coaches
in 2023, if you are considering starting a sports-related business, then you should consider opening a training school for football referees and coaches. Although you would need professional certifications and accreditations to be able to successfully run a training school for football referees and coaches, but one thing is certain, if you can go all the way, you will surely make money from the business.
41. Football Viewing Center
If you live in Africa, Asia, and South America, one of the low-budget sports-related businesses you can start in 2023 is to open a football viewing center. Aside from the European champions’ league, English Premiership League (EPL), and La Liga, football lovers also pay to watch FIFA soccer world cup.
It is a cool way of making money. If the business is well-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 start this type of business are; a hall, 3 or more big-screen TVs, and also a satellite TV decoder.
42. Open a Gym
Opening a gym is no doubt one of the thriving businesses you should consider starting in 2023. The truth is that people register in gyms to keep fit and it is common to see people registering in a gym close to them especially if the gym has state-of-the-art gym equipment. The start-up capital required to set up a standard gym might be on the high side, but the truth remains that you are sure of making your money if the gym is well located.
43. Open a Snooker Bar
Opening a snooker bar is yet another sports-related business you can start in 2023. People play snooker both for fun and also as a sport. Snooker might not be a popular sport, but you are likely going to make money by starting a snooker bar in a location with healthy social life. If you own a carwash, a coffee bar, beer joint et al, you can consider introducing a snooker bar and people will sure patronize it.
44. Sale of Tickets for Sports Events
Starting a business that is notable for selling tickets for sports events is yet another sports-related business you can start in 2023. People usually purchase tickets to watch live sports events. You can start a business that is involved in selling tickets for different sports events. This type of business is based on commission; the amount you are expected to make is dependent on the number of tickets you sell.
45. Start a Sport Souvenir Business
Sports souvenir business is yet another sports-related business you can start in 2023. The truth is that people who travel far to watch their favorite teams usually love going home with the club’s branded souvenir.
It could be jerseys, tee-shirts, bags, mufflers, wall clocks, mugs, pens, or anything as long as it carries the logo of the sports club. If you intend to start this type of business, ensure that your store is positioned close to the stadium or inside the stadium facility.
46. Start a Sports Photography Business
The sports photography business is yet another sports-related business you can start in 2023. People are making huge money from just covering sports events. It is exciting and at the same time financially rewarding. If you are a good photographer, you will make good money from selling quality pictures from the sports events you covered. Just ensure that you are registered and licensed if not you will struggle to secure accreditation for major sports events.