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What Every Entrepreneur Can Learn From These 5 Amazing Sportsmen Who Turned To Business

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There are clear parallels between the world of sport and business. Those who rise to the top often share similar character traits such as determination, a strong ‘will-to-win,’ a crazy work ethic and the ability to function at an exceptional level both individually and in a team situation. What lessons can an aspiring entrepreneur or business owner take from their business careers?

Below are five lessons from some truly amazing sportsmen who made successful transitions from the world of sport to the world of business. We have focused on those who made more money and continue to do so from their off field/off court businesses than they did from their sports salaries.

David Beckham

David Beckham would readily admit that he is not the best ever footballer (soccer to our US readers) to play the game but he definitely shares traits with those who could more readily substantiate that claim.  His commitment and work ethic are well-known, representing England with his best performance when his last minute free kick sent England to the World Cup Finals, during the World Cup qualifier versus Greece on October 6th 2001.

It was when his transition into business that David Beckham truly excelled. When Beckham joined LA Galaxy after leaving Real Madrid in 2007, the 5 year deal was for worth $250 million and included sponsorship and merchandise sales.

Lesson from David Beckham:

Think global and be prepared to go where your products services are best appreciated. e-commerce means that small businesses (even sole traders) can trade internationally.

 

Magic Johnson

A true superstar on the court in the NBA period we informally refer to as ‘Before Jordan’ Earvin ‘Magic’ Johnson often had moves that left his competitors drooling. This did not change as he transitioned into a very successful business career.

Under the banner of Magic Johnson Enterprises he owns Burger Kings, T.G.I. Fridays, Magic Johnson Theaters, 24-Hour Fitness/ Magic Johnson Sport health clubs in poorer communities that lacked these establishments. In April 2011 he also purchased 3 radio stations in the Phoenix, Arizona area.

Lesson from Magic Johnson

Commercial opportunities are not limited to one type of consumer. Get to know the dynamics of your market and use them to your advantage.

 

George Foreman

When George Foreman was counted out in the historic ‘Rumble in the Jungle’ fight against Muhammad Ali on the night of October 30, 1974 in Kinshasa, Zaire he could never have imagined the magnitude of his ‘comeback’ and that it would not be in the ring but outside it.

In 1995 Foreman partnered with household-products maker Salton and helped them sell almost 100 million George Foreman Grills. In 1999 he sold the rights to his name to his grill-making partner for $137.5 million. He has introduced a clothing line and cleaning products line.

 

Lesson from George Foreman

You have to take risks to reap the rewards. Putting his name to a grill was quite a risk for the former world heavyweight champion.

 

Tony Hawk

It’s not an overstatement to say that for many people, Tony Hawk “Is Skateboarding”. It was Hawk who landed the first ever “900” at the X games—two and a half spins in mid-air and created around 80 new tricks and yet his business moves have proved to be just as amazing.

Hawk owns Birdhouse, one of the largest skateboarding companies in the world and started his own clothing line – Hawk Clothing. He has established sponsorship deals with Six Flags, Kohl’s, Infospace, Adio shoes, Jeep and Sirius Satellite Radio, but his best application to date was the launch of the Tony Hawk’s Pro Skater Video game in 1999 in partnership with Activision. The game quickly became a bestseller making his company the No. 1 action-sports video game franchise. He has also published his autobiography which also became a bestseller.

Lesson from Tony Hawk

Embrace technology to expand your brand.

 

Venus Williams

Venus  ‘Ebony Starr’ Williams is well known for exploits on the tennis court having amassed 43 career singles titles including 7 majors but her form is just as impressive in the business arena. She is the CEO of V Starr Interiors, an interior design firm founded by Williams in Florida after she completed her associate degree in Fashion Design at the Art Institute of Fort Lauderdale. In a separate deal Venus partnered with retailer Steve & Barry’s to launch her own fashion line ‘EleVen’.

In 2009, she became part-owners of the Miami Dolphins, a professional American football team, along with her sister Serena Williams. She has also co-written a book, ‘Come to Win; on How Sports Can Help You Top Your Profession’, which was highly placed (5th) on the New York Times bestseller list.

 

Lesson from Venus Williams

Build business ventures around your passions and continue your professional development.

 

We hope that you have found this information inspiring.

Guest Blog written by Mike Pitt, Founder and CEO of Marketing Fundamentals Ltd www.marketingfundamentals.com

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances. I'm proud to say through my podcast and through this website we have impacted over 200 million lives in the last 10 years.

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Success Advice

How to Choose the Best Affiliate Programs for Your Blog

If you follow these steps, you can create an affiliate marketing plan that makes money, fits well with your content, and connects with your readers

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how to choose the best affiliate programs for your blog

Picking the right affiliate programs for your blog is really important. It can make a big difference in how much money you can make and how much your readers get out of your blog. With so many choices out there, deciding which ones to go with can be tricky. 

This guide is here to make it easier for you. It will give you clear steps and helpful tips to choose affiliate programs that fit well with what your blog is about, what your readers like, and what you stand for. 

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Understanding Affiliate Marketing

Before you start picking affiliate programs, it’s important to really understand what affiliate marketing is and how it works. 

Basically, affiliate marketing is when you promote a product or service on your blog, and then you get paid a little bit every time someone buys something or does something because you recommended it. 

It’s great for both the person selling the product and the blogger, because the seller gets more sales with low risk, and the blogger can make money from their blog.

How to Choose the Right Affiliate Programs for Your Blog

1. Assess Your Niche and Audience

The key to doing well in affiliate marketing starts with really knowing what your blog is about and who reads it. Consider the following:

  • Your blog’s content: What topics do you cover? Ensure the products or services you promote are relevant.
  • Your audience’s interests and needs: What solutions are they seeking? Choose affiliate programs that offer products or services that solve their problems or enhance their lives.

2. Research Potential Affiliate Programs

Once you know what your blog is about and what your readers want, start looking for affiliate programs. Choose ones that are well-known for good products, great customer service, and helpful support for affiliates. Resources to find these programs include:

  • Affiliate networks like ShareASale, Commission Junction, and ClickBank.
  • Direct searches for “[Your Niche] affiliate programs” in search engines.
  • Recommendations from other bloggers in your niche.

3. Evaluate the Commission Structure

The commission structure is a critical factor to consider. Look for programs that offer competitive rates that make your efforts worthwhile. Consider:

  • The percentage of commission per sale.
  • Whether the program offers a flat rate per action (e.g., per sign-up).
  • The cookie duration, which affects how long after a click you can earn commissions on sales.

4. Consider the Program’s Reputation and Sureness

Join affiliate programs with a solid reputation for quality and sureness. This not only ensures that you’re promoting good products but also that you’ll be paid on time. You can:

  • Read reviews from other affiliates.
  • Check the program’s history and background.
  • Look for any complaints or issues reported online.

5. Analyze the Support and Resources Offered

A good affiliate program gives you things like ads to use, training on their products, and helpful managers. Having access to these resources can really help you do a better job at promoting their products.

6. Understand the Terms and Conditions

Before signing up, thoroughly review the program’s terms and conditions. Pay close attention to:

  • Payment thresholds and methods.
  • Any restrictions on how you can promote their products.
  • The program’s policy on affiliate marketing on social media platforms.

7. Test the Product or Service

If possible, test the product or service before promoting it. This firsthand experience allows you to offer genuine charge and build trust with your audience.

8. Look for Recurring Commission Opportunities

Some affiliate programs pay you again and again for subscriptions or services that charge fees regularly. These can provide a more stable income compared to one-time sales commissions.

Implementing Your Choice

After choosing the best affiliate programs, the next step is to smoothly include your affiliate marketing in your content plan. This includes:

  • Creating valuable content that naturally incorporates affiliate links.
  • Disclosing your affiliate affairs transparently to maintain trust with your audience.
  • Tracking your results to understand what works best for your audience and adjusting your strategy accordingly.

Picking the best affiliate programs for your blog involves careful planning, research, and making sure they match what your audience likes and needs. 

If you follow these steps, you can create an affiliate marketing plan that makes money, fits well with your content, and connects with your readers. 

The real key to doing well with affiliate marketing isn’t just about the products you talk about, but also how much your audience trusts and values your advice. 

With enough time, patience, and hard work, your blog can grow into a successful space that earns a good amount of affiliate money and helps your readers choose the right products.

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Crafting a landing page that converts is both an art and a science

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An Easy to Follow 8 Step Strategy for Creative Problem Solving

A complete process of creative problem-solving encompasses finding problems, developing creative solutions, and implementing your solutions

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