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HOW TO MAKE MONEY WITH YOUR WRESTLING HOBBY

If you love the world of professional wrestling, you probably spend a lot of time watching events, reading news related to wrestling, and following your favorite stars. It would be amazing if you got to spend all this time enjoying yourself and make money doing it.

It seems like a pipe dream, but with the right approach, you can monetize almost any hobby. So how can you generate revenue from your wrestling hobby?

Start a Blog, Podcast, or Video Series

One of the best options is to create content for other wrestling fans to consume. Depending on your skillset and your interests, you could write a blog where you update fans with news and opinions regarding the latest developments. You could host a podcast in which you talk about wrestling. You could even come up with an idea for a video series.

There are several ways to monetize any of these approaches, assuming you can generate a big and consistent enough audience:  

·         Advertising. One of the most straightforward tactics is to use advertising. You’ll generally earn money based on how many people see these ads or how many people click them; either way, if you have a big enough audience, you can use these to generate a significant stream of income. However, some of your audience members may be turned off by the presence of ads.

·         Affiliate links. You could be subtler by utilizing affiliate links. Here, the idea is to send people to product pages on other sites and earn a portion of the proceeds from sales you influence. There are many affiliate linking programs to choose from.

·         Products and services. You may be able to sell your own merchandise, products, or services, assuming they’re of interest to your core audience.

·         Premium content. Perhaps more relevantly, you could sell “premium” content, like eBooks or VIP subscriptions.

However, if you want to be successful, you’ll need to figure out a way to be both valuable and unique; you need to provide information or entertainment to your audience, and you need a way to stand out from the other content creators who are already successful.

Begin Commentating

You could also begin commentating on live matches, especially if you live in an area with a local wrestling scene. It can be hard to land a gig in this approach, but it’s a fantastic opportunity to be more involved with the sport. Consider networking with people involved in the local scene, and getting more involved with the community. As you get better known and more experienced, you may be able to work your way into a valuable position.

Teach, Coach, or Support Athletes

If you have experience in athletics, you may also be able to teach, coach, or otherwise support up-and-coming wrestlers. However, to do this, you’ll need to have referenceable training and experience. If you’re serious about this as a career path, you may need to consider getting an additional degree or certification, and beginning your career as a personal trainer before working your way up to coaching athletes and performers.

Making the Most of Your Income

Unless you find a way to strike it big, these strategies will likely result in only a marginal stream of income—something that can complement your primary source of income, rather than replacing it. However, if you manage your money effectively, you can snowball your earnings and build wealth over time—even if you’re only setting aside a few hundred dollars a month to start.

These are some of the best strategies to accomplish this:

·         Rental properties. First, you can invest in rental properties. Assuming you’re able to attract and retain tenants consistently, you’ll be able to collect rental income in excess of your ongoing expenses. And if you hire a property management firm, you can treat it as a practically hands-free investment.

·         Stocks and ETFs. You can also use your extra money to invest in stocks and ETFs. Stocks represent partial ownership of publicly traded companies, and can make you money with the help of quarterly dividends or price appreciation over time. ETFs allow you to invest in an entire sector at once, or in many individual stocks simultaneously.

·         Bonds. Bonds are a lower-risk strategy, but they also have a lower payoff. Bonds function like loans to governments and organizations; you’ll earn interest on your principal over a fixed period of time.

There’s no guarantee you’ll be able to establish a stream of recurring revenue from the strategies listed above. But if you’re open to new opportunities and you remain adaptable in the face of new market conditions, you can probably find a suitable outlet for making money while engaging in the sport that you love. 

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