Once you become a professional poker player, a good one, you are open to even more opportunities to make money besides your poker winnings. Having ways to make passive income in poker is crucial because no matter how good you are, there will be a few bad losses along the way.
As a poker professional, it doesn’t hurt to have passive income or multiple income streams can come in handy and also ensures that you are not playing poker all year round at poker tables.
Poker Players can get Endorsement Deals
To play poker is the obvious money-making move but sponsorship deals are the holy grail of a professional poker player. Major poker companies are always looking for players who have distinguished themselves by their extraordinary poker abilities and big following.
Before, poker transactions were significantly more prevalent. There was enough poker winnings to go around during the poker boom, and a good number of players benefitted from the merry go round, earning tempting contracts from leading online poker sites.
Every poker player’s ambition is to earn a sponsorship agreement, but it is difficult to obtain.
Before, players who received endorsement deals had to reach the finals of big events such as the World Series of Poker.
Before, players who received endorsement deals had to reach the finals of big events such as the World Series of Poker. Poker sites would then offer these players a contract in which they would wear their goods during live games on television. The deal may also involve appearances in advertisements and as a guest player on their website.
Following the events of Black Friday, the poker community had less cash flow for these deals. This meant that only players with a strong winning streak and a huge social media following were contacted for sponsorship.
In comparison to professional athletes in organized sports, the pool of businesses willing to recruit poker players to endorsement deals is far less.
While a football player or an NBA athlete may expect to be sponsored by fashion, health, and entertainment firms, poker players mostly rely on sponsorship from online poker websites to make extra poker income.
On rare occasions, players like Phil Hellmuth have gotten partnerships from non-poker businesses.
However, his success has not created the path for other poker players in the poker industry to receive sponsorship from various businesses.
Social Media (like YouTube) content creation
Making YouTube videos will need time and money but if done correctly, it should require little upkeep. Developing evergreen poker content is an excellent approach to increase views. You can ensure a cash stream through affiliate marketing or Google AdWords, do some promotion, and then let YouTube do its thing.
Don’t be deceived though; it’s not quite that straightforward. To create the films, you will need high-quality equipment, editing tools, and, of course, appealing subject ideas. These are all beginning investments that, if done right, will pay off in the long term.
In terms of social media, Instagram and TikTok provide several marketing chances.
You can play poker and be a coach
These are tons of active professional poker players that don’t mind coaching novices to better their skills. A coach may charge $50 or more per hour depending on the profile of the player. Poker coaches can also have as many pupils as they can handle.
Being a poker coach is a lucrative profession. First, you must demonstrate that you are a solid winner at your stakes.
As a coach, you’ll spend a lot of time instructing and advising your students. Being a coach may be really fulfilling. Apart from the side revenue, the fact that you’re mentoring other players helps you keep on your feet. Coaching helps you improve your game as a poker player as well so it is not a bad idea at all.
You could decide to coach physically or online through sites like Skype and Zoom. Or you could even do both!
You can be a poker affiliate while playing poker
Poker affiliate marketing is the advertisement of poker related offers. When you become a poker affiliate, you earn passive income without having to look beyond the poker field. You can do this by either creating a poker affiliate website or signing up for a poker affiliate program with major Poker sites.
As a poker affiliate, you will be able to earn money through clicks and referrals. When a consumer clicks your advert, a signal is sent to the Poker site and in turn pays you for the service. It is as simple as that. A venture that allows you to make money in your sleep.
Anybody can sign up as a poker affiliate and start making money right away; the hardest part is actually bringing in real money players. It’s all safe and legal; the problem is that most people are ignorant of it or are unable to profit because they don’t know where to begin or don’t have the suitable audience.
It is always best to register with established websites. 888Poker, PokerStars, Party Poker, Ignition Poker and Bet365 Poker are among a few big sites that offer affiliation services that may interest you.
Write a Poker Book
You can write a book once you’ve achieved some success in poker.
If you have achieved considerable success in your poker career, another wonderful method to make extra is by authoring a book. It might be a strategy book or simply a narrative about your experiences in various tournaments.
If your book is useful, you may make a good living from it. Aside from paperbacks, you may also develop e-books with important information for aspiring poker players
While this sounds like a fantastic opportunity to make a lot of money, you should be aware that there are hundreds of books published by active and former players, so competition is fierce.
Furthermore, many poker books have earned popularity for being neglected by players who feel they are merely a money pit that does not provide any assistance. As a result, it is critical to devote effort to writing a decent book that readers will find useful.
