Motorsports activities attract a huge fan base around the world. If you are a motorsports enthusiast, there are many opportunities that you can take advantage to launch your small motorsports business.
In this article, we provide you with five business ideas in the motorsports industry that you can adapt.
Even if you do not have enough money to invest, many business lenders and automotive venture capitalists are willing to fund motorsports startups. Startup funding company Maxfunding allow “clients to borrow as little as $2,000 and as much as $1,000,000”.
Starting a motorsports shop is an excellent idea for motorsports enthusiasts. Motorsports fans are continually looking for the latest replica as well as fanwear merchandise. They have an urge for expressing their support for riders, teams, and the events for the famous sports racing world. As long as you sell only high-quality products, you are guaranteed success. Some of the merchandise that you can stock in your motorsports shop include:
- Motorsports fashions like T-shirts, Truck suits, caps, bags, etc.
- Accessories like cups, plates, mugs, and many other items printed with the famous teams, motorcycles, riders, and other motorsports insignias can do wonders for your small motorsports shop.
- Toys for kids is another business opportunity that can increase your sells and spur the growth of your business. Every kid desires to own motorsports toys, stocking a wide variety of motorsports toys can get motorsports fans jamming your motorsports shop.
Start a motorsports blog
If you have the passion for motorsports and you are a gifted blogger, you can start a motorsports blog. Your blog can provide content on the famous motorsports series across the world. You can provide high-quality news covering motorsports news, race results, photos of motorsports race, feature articles, video, statistics, competition as well as directory and forums. To succeed in this vertical, you need to be fast, and accurate. There are many ways that you can monetise your blog. If you have massive traffic, ads like Google ads can earn you a generous income. You can also monetise your motorsports blog with affiliate links from motorsports associated businesses.
Motorsports video coverage
Motorsports coverage is a lucrative business idea that can make you good returns. However, it requires enormous capital since you need to have the best filming gear. Apart from that, you will need to move around continually following different motorsports events around the world. You also must have a crew since you have to shoot clips at different location and angles during the event. Motorsports coverage requires you to have experience in the industry. You also need to do thorough research so that you know the hot spots in a particular event. You must possess excellent interpersonal skills because you have to engage the racing teams, event organisers and even the spectators to bring out a comprehensive and captivating motorsports story.
Linking sponsors with race teams
Motorsports is big business. Corporates spend millions in sponsoring racing events in a bid to market their products and enhance their brand. If you have the necessary experience in motor sporting and you are a gifted marketer, you can curve a business career that involves linking sponsors with race teams. Preparing a racing car or motorcycle for a racing event is an expensive affair. Even experienced drivers and motorcycle riders keep looking for the best sponsorship deal. Sponsors, on the other hand, are constantly looking for the best drivers and motorcycle riders that can market their brand. They pay a lot of money to have their logo and brand colours painted on the racing motorcycles or cars. Hence, if you can start a business for linking racing teams with sponsors, you can make lots of money. If you are a rally enthusiast but with no rallying experience, it would be an excellent idea to team up with former rally drivers or riders in your venture.
Everywhere you go, you are most likely to come across a motorsports magazine. It is a lucrative business if you are good at publishing and have the ins and out of the motorsports industry.