How to make money in the Motorsport Industry?
There are many ways to make money, but it seems that the cake always ends up on the same plates. Old-school mentality and numerous barriers to entry make it challenging for newcomers. For this reason, the only viable ways to earn some cash are as follows:
1. Selling to the outside motorsport world: Bringing the motorsport environment to users and followers outside the industry, reaching the masses. Those who love motorsport and want to be part of it by experiencing the same thrills.
2. Being a motorsport insider: Having worked in the industry for some time and understanding how it operates, to later offer services that teams and companies need. These services may not be groundbreaking, but they can help solve problems, save money, speed up processes, or enhance vehicle performance. While these solutions may seem obvious, the significant barriers to entry, coupled with established companies dominating the market, make it difficult for newcomers to break in, even if things go well.
The motorsport industry has operated in much the same way for a long time. It relies heavily on hands-on work and interpersonal relationships. Another area for improvement is automotive systems and jobs that can be performed remotely and digitally, although such opportunities are currently limited. We have witnessed some operations, such as data control, TV production, and timing, being managed from home, but the need for a physical presence remains prevalent.
We also see deals based on sponsorships, so that means you get the job only if you sponsor the team or the company/championship. You really need to make your numbers to make it worth it. This also means that it could be hard to offer competitive prices if you need to cover the sponsorship first.
Let's bring some innovative ideas to life and drive positive change in the industry!gs
-motorsport hackers
What about the silly season of MotoGP and F1? And now they both have the same owner 👹 (no antitrust???)
What a tumultuous time it has been, hasn't it? With top drivers and riders left without a ride for next year, and all within the same year, the landscape is indeed unpredictable. Only the major players seem to have secured their positions. However, there are still key pieces in play that could lead to significant movements in both championships.
And what about the recent move by Liberty Media to become the owner of major racing championships? Surprisingly, there has been no word from antitrust authorities. Could MotoGP be following in the footsteps of F1, given the significant transformation it has undergone? It seems that the aim is to create even greater anticipation among fans in order to attract more viewers. Let's see how it unfolds
In this week's email:
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