After years of dedicating their lives to their sport, athletes reach a certain age when their abilities begin to decline and they are forced into retirement. For most, this usually occurs around the age of 33.
While most people are busy working for another 40 years, what do athletes do with their time after retiring?
Some sports stars retire with millions in the bank. However, making it as a professional isn’t always the blessing that it seems to be. But when it comes to betting sports separate from a person’s participation, that likely won’t net you a lifetime ban, depending on the league and circumstances. And then come retirement, it’s open season for athletes at the online sportsbook.
We all know it’s taboo for athletes to bet on sports while you’re competing, coaching, and certainly officiating sports. However landing additional money from bet making can also bring future possibilities for retired athletes.
The biggest problem that athletes face is their careers in the sports end quite rapidly. Some athletes reach their best in the later years and are left with a couple of years of top play. This is why it is important for pros to take all of the opportunities whilst they are still active. The most important thing for an athlete is their popularity. You need to be someone whose word matters and that can take you wherever you want.
Becoming an Icon
Prior to ending your professional career, you could use the internet to become an icon and a person that people love to hear from. Brand management isn’t a complex thing and all that it takes is a lot of honesty and some hardworking. But it pays off.
Depending on what suits you as an athlete, there are several available options to assert yourself and earn some extra money.
Affiliate marketing is a highly profitable side-gig. For those unfamiliar with the term, it is when a person posts a link to something that they recommend and they receive a fixed percentage of every sale that comes via their affiliate link. A lot of famous athletes do it. Still, for affiliate marketing, you need to have a decent amount of followers. Imagine a famous player like Messi posting a story about a product he loves.
Athletes Finding Sponsors
This is a common type of earning some side-money for athletes but sponsorships usually last whilst a player is active and playing and end afterwards. Still, if you have a decent amount of followers on social media, you may actually prolong those sponsorships long after your active career and continue promoting their products.
For those who love to talk and feel good holding a word, there are several options such as running a YouTube Channel or a vlog to talk about your life, give bits of advice on training, eating, etc. Additionally, you can also speak live in communities.