The Indian Premier League (IPL) season is upon us and our cricket-crazy nation cannot stop raging about it. One of the most expensive leagues (third to be precise) in the world, IPL is undoubtedly the biggest T20 premier league in the world. A festival in itself for all the cricket reveres. 9th April 2021 marked the beginning of the 14th Season of IPL and will be played in major cities across India.
IPL is a huge money crunching season for those involved in the play. The players, team owners, media outlets, and franchises deal in amounts of millions of rupees. The pioneers of this concept were inspired by the European Football League and wanted something along similar lines for the Indian sports fans.
What could be better than having a cricket frenzy for cricket-crazy people? The first season was a total hit since it involved international players and it was new to watch Indian players pitted against each other in several teams.
Since everyone involved in making money, why should you and me be left alone? No no I am not asking you to play or invest in the IPL hoopla although owning an IPL team is on the bucket list of most of the millennials. However, there are means where people are making the most of the IPL season and also earning from the same meanwhile. How do you ask? Let us explore that bit.
How can you make money in IPL?
FAQ
How can you make money in IPL?
Blogs, Websites, Memes
Social media with its dearth of privacy of course never runs out of entertainment. Users, glued to their devices are always looking for a sneak peek into famous people’s lives. And our hot-shot IPL players are no exception. Remember KL Rahul and Hardik Pandya on Koffee with Karan? The series of meme threads it spread was hilarious. And so, that brings us to one of the ways we could cash in on some humor. Memes are a great way to make a quick buck during Ipl if you’re the creative one and are able to set off a viral trend on social media.
You can also begin writing or blogging about IPL for example, interesting facts and trivia about the players or the games being held. Fans are always eager to know about their favorite players and blogging out fresh new information could only make it more enjoyable.
YouTube, Instagram, Facebook are other platforms where your content is consumed by the masses and if they like it, you could make more of it and even monetize it.
Fantasy Leagues
Fantasy Leagues are where you create your own team with players from the ongoing season meanwhile the performance of these players in actual games earns you points and monetary rewards. Better the team, bigger the rewards. Choose your players wisely and you could earn a fortune.
Here are the top five Fantasy IPL apps you could try
- MyTeam11: MyTeam11 is the fastest growing Fantasy Sports app with a user base of 18 million. With the legendary batsmen of the Indian cricket team Virendar Sehwag as its ambassador, MyTeam11 offers fantasy games for more than ten sports.
- Dream11: The first sports fantasy app to become a unicorn, Dream11 hosts three fantasy sports and gives you access to the latest news, results, and main rankings based on which you can create your own team and even coach it. Dream11 has a maximum payout of 3000000 INR. you can withdraw your earned amount within one day.
- Playerzpot: Playerzpot has referral rewards every time your referrals play at Playerzpot. It has facilities for instant withdrawal by linking your Paytm with the app. Playerzpot offers sports fantasy games such as Cricket, Football and Kabaddi.
- MPL: MPL has over 60 games and fantasy cricket is one of them. It offers various transaction options such as Paytm, UPI, Amazon Pay and bank transfers. With a celebrity face like Virat Kohli, MPL has gained grounds with its 24*7 customer support and huge cashback offers.
- Howzat: Howzat, a Delhi based app has already over 7 million users and has collaborated with popular players such as Yuvraj Singh and Ifran Pathan to promote itself during the IPL season.
IPL Merchandise
India is a cricket-crazy nation and will live up to this title during any Cricket tournament be it T20, ODI or the World Cup. If you’re looking for cashing in on this cricket frenzy you could create and sell some IPL merchandise as Jersey replicas, Caps, Bats, quirky quotes from players on T-shirts, Mugs, diaries and so on. There is a highly functional wholesale market during the IPL season where you buy and sell these items at retail pricing.
Organize Hyper local T20 Tournaments
You could organize a hyper local T20 tournament with local sponsors of your community or society. Every season is hyped by cricket enthusiasts and this will encourage people to participate and it will be really fun to see your neighboring uncle aunties sort out their spats through cricket matches. Plus, you will earn some quick bucks, win-win during this Ipl season.
IPL Screenings
We have all, at least once in our lifetime have been to football or cricket screening particularly in a pop café or bars. But why should bars have all the fun? You could organize an IPL screening in your society’s community hall or even your school playground (with official permission of course).
Watching an IPL screening can be really fun especially when there’s and eagerly cheery crowd and some favorite comfort food. You can arrange happy hours with local drinks and delicacies with a cover charge and there you go, people would love to hop in.
FAQ
How much do IPL teams earn?
Ipl franchises earn 60-70 percent of their revenue through Media rights. Currently, global media rights have been acquired by Star India. They signed a five-year contract in 2018 for a whopping Rs. 16, 374.50 crores.
Which is the richest franchise in IPL?
Mumbai Indians was the leading franchise in the 2020 season of the Indian Premier League, with a brand value of over 70 million U.S. dollars.
How much does Dhoni earn in IPL?
Dhoni has a salary of Rs 15 crore. Under him, CSK have won 3 IPL trophies and qualified for the second round in 10 out of 11 seasons.
Conclusion
The IPL season might be a great time to sit back and enjoy but while we are high on the gaming season lets not forget we are still fighting our way through the pandemic. Not trying to be a buzz-kill here but we’re not handling the second Covid-19 wave very well. Let’s enjoy the IPL season without jeopardizing lives and by maintaining social distancing. Please wear your masks. Cheers!
Author: Pratiksha Bajikar
Source : https://startuptalky.com/how-to-make-money-from-ipl/
Date : 2021-04-17T17:07:04.000Z