When it comes to decide on a home based sports business opportunity, there a number of proven ways to go about earning money? without having the overhead cost of a traditional business.
Also, if your passionate about sports, these are ways to get slow rising cash flow, so that you can be in profit, as proven and tested before by the writer except for the #1 Sports business. They are not placed in any order of best, rather placed starting with most difficulty level.
Some of these strategies are a bit easier for beginners, depending on your skill set.
Here they are with a summary of recommendation at the end of this article.
Home Based Sports Businesses
1️⃣ Start a fantasy sports site:
Level of experience/skill needed: Expert
I had considered setting up a site to provide a fully functioning site similar to the big names, DraftKings and FanDuel. You can check Clickbank.com and check their marketplace.
This would be highly risky based on an initial investment of around 5k for site, software, hosting, and other services in investing in and maintaining the potential legal battles and management of capital flowing in and out for marking and promotion. You won’t be profitable by simply advertising on your Facebook page.
2️⃣ Start a Fantasy sports consultation business
Level of experience/skill needed: intermediate
Simply by making a web site similar to what you see here, you can be successful in starting your own fantasy site with your custom url, hosting, logos, and your own unique content.
If you feel confident about giving fantasy sports advice, set it up and work at for a couple years straight as you will have to let your site age and get some authoritative results in the search engines like google. For getting started within this route, if you are highly skilled in fantasy sports don’t hesitate to visit WealthyAffiliate on how to get started in this rewardable niche.
3️⃣ Social Media App
Level of experience/skill needed: Beginner
What might you ask is this App and how can it make you money? ?
Well, it is the FireFan App ?
The FireFan App ? is a great friend/social user experience. As a product, the application is definitely improved from its initial launch ? from over 1 year ago. It has been one of the most downloaded apps in 2016/17.
How can you make money with this app?
As in my previous article, it’s explained there in comparison to fantasy sports apps.
However it’s a completely different gaming model.
The payments are based off of token purchases, played tokens, and game/league invites.
This is a proven way to get referral commissions from my experience.
Here are some examples of the gameplay you can also test/demo. You can click on the actual image to go to the App for downlaod and playing the game of the week:
4️⃣ Just Play DFS
Level of Experience/Skill needed: Intermediate
While this way does not entail running an actual business, it does require skilled capital management in addition to fantasy sports expertise.
You can however get started with very little, if not $zero. Slow bankroll gains are recommended instead of taking risks for million dollar gains. Yes, this is recommended even in DFS. With the right tool such as DraftDasboard, this can be used to manage your rosters’ constructions ?.
Overall, these option from beginner to expert bring rewards of monetary value to anyone serious, yet patient about the process of a home based sports business.
In Conclusion: Lets’ face it: Any Home based business opportunity will bring out the best in you, based on any difficulty level, assuring yourself, with ultimate completion of implementation and follow through, the successful setup of turning your passion into a thriving business.