Start A Fantasy Basketball Games Business - Business Ideas

Updated: September 15th, 2022
Start A Fantasy Basketball Games Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Starting a fantasy basketball games business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell fantasy basketball games, or selling fantasy basketball games online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size
$155B
starting costs
$5.89K
gross margin
65%
time to build
210 days

Startup Costs

Min Startup Costs Max Startup Costs

Office Space Expenses

$0

$7,000

Training & Education Expenses

$0

$1,000

Software Expenses

$0

$594

Advertising & Marketing Costs

$0

$2,750

Website Costs

$13

$215

Specific Industry Expenses

$0

$100

Total Startup Costs

$13

$11,659

Successful Businesses

Business URL Rank

Basketball-Reference.com

basketball-reference.com

2,531

Fantasy Basketball Rankings

basketballmonster.com

37,238

Basketball News, Scores, Stats, Analysis, Standings

eurobasket.com

62,920

PlayerzPot

playerzpot.com

90,616

MyTeam11

myteam11.com

105,522

OVERTIME

overtime.tv

160,815

National Basketball League

nbl.com.au

165,621

Maize n Brew

maizenbrew.com

176,949

Chibi Dinos

chibidinos.io

733,422

Euroleague Basketball

euroleaguebasketball.net

1,332,128

Court Rivals

courtrivals.com

2,993,913

Pros & Cons

Pros Description

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Little startup costs required

The cost to start a fantasy basketball games business costs significantly less money than most businesses, ranging anywhere from 12 to 11,659.

Rewarding work

Starting a fantasy basketball games business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Traffic to your website

A fantasy basketball games business gives people a reason to visit your website and to keep coming back to you!

Cons Description

Crowded Space

Competition is high when it comes to your fantasy basketball games business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.

Constant maintenance of publication

You may find yourself constantly needing to update your fantasy basketball games business in order to stay relevant for your audience and for those searching on google.

Lack of benefits

With a fantasy basketball games business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

Isolation

Often times, as a fantasy basketball games business, you typically work alone and do not have much face-to-face interaction with other team members.

Taxes

As a fantasy basketball games business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

No safety net

Typically, as a fantasy basketball games business, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.