Working as a sports agent is an extremely fulfilling career. Most sports agents get into the industry because they have a true passion for all things related to sports. Sports agents need to work hard in order to be successful, but the reward of their effort is well worth it.
What Do Sports Agents Do?
Sports agents are responsible for managing the careers of athletes. They also represent their clients and help them reach a financially rewarding agreement in their contract.
How Much Money Do Sports Agents Earn?
The amount of money a sports agent earns depends on how successful his clients are or how many clients he has. Sports agents make their money by taking a chunk from a client’s final contract. On average, a sports agent usually makes $40,000 to $100,000 a year, but extremely successful agents can actually become millionaires.
Is this Career Right for Me?
It takes a special type of person to become a sports agent. The ideal candidate for this line of work is passionate about sports and is good around people. A person who wants to be a sports agent should also have a good work ethic and plenty of patience. On top of that, agents need to be confident and have an assertive personality. Sports agents also need to have killer negotiation skills so they can score a good deal. Finally, having good communication skills is crucial.
How to Become a Sports Agent
Becoming a sports agent takes plenty of hard work and dedication. First and foremost, if you plan to be a sports agent, you’ll definitely need to pursue higher education. On average, most sports agents need to have at least a Bachelor’s degree. The most beneficial courses to take for becoming a sports agent include marketing and business management.
Once you have finished your studies, you need to understand how the sports industry works. The best way to gain experience is to take on an internship. Although you don’t get paid during your internship, you will gain important knowledge that will help you launch a successful career.
After finishing your internship, you can get a job at a popular agency. Joining an agency is a superb way to start your career because you can gain even more industry experience and get exposure with prospective clients. When searching for an agency, you need to ensure that the company has a positive reputation and plenty of clients.
Finally, if you prefer to have your own company or work on a freelance basis, you’ll need to get a certification. Once you are finally certified, you can set your rates. On average, the majority of agents ask for 4%, but agents with plenty of experience ask for 10%. In some cases, agents ask for an hourly fee instead of a percentage from a deal. When starting your career, it’s best to avoid overpricing your services. As you gain experience, you can bump up your rate.