Introduction
Almost any hobby or interest can be turned into an asset that pays and chess is no different. There are a multitude of ways to earn money from chess ,especially in the era of super connectivity we find ourselves in today. There are ways to earn money from chess regardless of the level you currently play at. Having more experience will have the biggest impact on the amount of money you will be able to make in the shortest amount of time. However it is still possible to make some money from chess regardless of the level you currently play at.
Chess players and chess enthusiasts are finding and creating new and exciting ways to earn money from the skills that they possess. Most people are familiar with the common routes chess players usually take in order to make money. In this article I will go over several ways chess players are earning money by playing chess both online and offline. Some of these methods are not so well known and can also be extremely lucrative. With the accessibility of the internet and the development of technology more and more ways of earning money from chess as well as many other games are coming to light.
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1.Winning Rewards And Awards In Over The Board Chess Tournaments
Whether you’re a beginner in chess or an advanced chess player with years of experience playing chess competing in chess tournaments can be a great way to make money utilising your skills. Most people are familiar with the world chess championship games which is by far the most popular and rewarding chess tournament the majority of professional chess players train and aspire to compete in. One of the biggest barriers to entry most people may encounter when qualifying for chess tournaments such as the world chess championships however is meeting the requirements in terms of achieving intermediate and advanced status which in many cases will mean training and preparing to play against grandmaster level chess players such as Ding Liren, Magnus Carlsen and Hikaru Nakamura. The high stakes and high rewards of chess tournaments such as the world chess championships brings out the best chess players from all over the world who all compete for a chance to win millions of dollars in reward money as well as the title of the world chess champion. Although qualifying and competing in high profile chess tournaments like the world chess championships might be impractical for most people there are still numerous opportunities to make money playing in amateur chess tournaments.
Competing in amateur chess tournaments is one of the best ways for any beginner or intermediate chess player to both begin to make money by playing chess and also train to eventually qualify and compete in higher level chess tournaments. The rewards that you can expect to receive from winning an amateur chess tournament in many cases is significantly less than you would make in a professional chess tournament however the entry requirements for amateur chess tournaments are much less strict making them much more accessible to most chess players. Although chess is a fun and exciting game to play as a hobby it can quickly turn into a full time job as training to play in and win both amateur and professional chess tournaments takes a considerable amount of time and effort as well as dedication. One of the main drawbacks to making money with chess tournaments however is that they tend to occur relatively infrequently which means they can be a fairly unreliable source of income. Overall winning rewards from chess tournaments alone may not be the most sustainable method of making money with chess however competing in chess tournaments can be a great way to supplement your income and make some extra money in your free time.
2.Earning Money By Playing Amateur Chess Games
Chess players are able to make money every day and anywhere in the world by simply playing amateur chess games against members of the public in a variety of indoor and outdoor venues. There are chess hotspots in almost every country with indoor as well as outdoor chess boards where chess players can meet up and play chess. Chess players of every level of experience high and low are able to challenge one another to games at these locations. Sometimes the games are friendly but more often than not these games are highly competitive with stakes that can be both high and low. These games provide an opportunity for the amateur chess player to make some money as a side hustle which many chess players around the world utilise in addition to many other income generating strategies. Competing in amateur chess games is similar to competing in chess tournaments as having a higher level of expertise and experience will greatly increase your chances of creating a long lasting and sustainable career in chess. Although the barrier to entry to compete in amateur chess games is much lower than in professional chess tournaments and the rewards for winning can be substantially lower, playing amateur chess games can be a great way to gain experience in chess as well as being an excellent way to prepare to compete in higher level chess tournaments. It’s not unheard of for some of the Grandmasters of chess to make anonymous appearances to some of these amateur chess games and sometimes even accepting challenges from unsuspecting opponents under the guise of being a complete novice to the game.
The amount of money you can make playing amateur chess games varies depending on many factors which include both you and your opponent’s budget in terms of the amount of capital invested in the game, your skills and experience in chess and the availability of willing opponents to play against. Some of the most successful amateur chess players are able to make hundreds if not thousands of dollars per week by competing against members of the public in both indoor and outdoor venues which are usually built specifically for chess players however it’s also possible to start your own local chess hub in which chess players can compete against one another in cases where a chess hub doesn’t exist locally to you or locating an existing chess hub is difficult. One of the drawbacks to competing in amateur chess games is that there is a potential to lose money as well as make money which shouldn’t be overlooked as losing a series of chess games can be extremely expensive depending on the amount of capital staked in each game. As with many of the money making strategies that involve actually playing chess it’s important to invest in your skills in chess in order to have a good understanding of the game before seriously committing to playing chess for monetary gains.
3.Earning Money Online Playing Chess on Chess Gaming Sites
The journey into the digital age we find ourselves in today brings with it the evolution of how and where chess can be played. The internet has been instrumental in connecting the world in ways unimaginable to those in the past and exciting for those living presently. The ability to play chess against almost anyone in the world with a laptop or smartphone and an internet connection is now a possibility. Sites like chess.com and Lichess.org has made it possible for chess players around the world to compete against one another and sites like worldchess.com are opening the doors to being able to earn an income online by participating in chess games for cash rewards. Although the size of the current cash pay outs on worldchess.com are small at the time of writing the potential for growth is visible and they have begun making steps to facilitate playing chess for money online. Players all around the world are able to sign up for these sites and challenge anyone to chess games some for free such as Chess.com and Lichess.org and some for money such as worldchess.com and Immortal.Game although it’s very likely that many of the chess sites that currently lack a means of rewarding it’s users will eventually adopt the play to earn model which is fast approaching and highly anticipated across many gaming platforms as it has many benefits for both the users of the game as well as the producers.
The fast adoption of cryptocurrency and web 3.0 will provide another boost to the already rapidly expanding growth and potential to earn money online through chess as well as many other household games. There are already numerous apps that are available and more being developed that will enable anyone to be able to earn in the form of cryptocurrency and NFT’s for their skills in chess. One of the most prominent websites on the rise is Immortal Game which enables you to both earn money in the form of cryptocurrency and collect NFT’s by simply playing chess online with other members of the global chess community. The ability to play interactive games like chess and digitally collect chess pieces with asset like characteristics which can be traded as well as having the potential to rise and fall in value will completely change the perspective and the relationship between the chess player and the chess board set. The rise of cryptocurrency, Web 3.0 and sites such as ImmortalGame have made it possible for chess players to derive value beyond the aesthetic and practical reasons for owning a chess piece which adds another dimension to the world of chess that every chess player and enthusiast should be aware of.
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4.Teaching Others To Play Chess As A Tutor Online and Offline
If you’re an experienced chess player what better way to get paid for your talents than to tutor less experienced chess players and help them increase their Elo levels. There are great opportunities for teachers of all subjects to earn money both online and offline including chess teachers. Teachers are not only able to teach offline in person but also online on a multitude of platforms. Sites like skillshare.com allows teachers to upload pre-recorded videos of lessons they would like to teach and are able to get paid per second or minutes watched of their classes. Udemy.com allows anyone with valuable expertise and knowledge on any subject to be able to create courses and curriculums to teach to a worldwide audience. Another avenue chess players with valuable information to teach can take to reach an audience and earn an income is by making YouTube videos. Visual games like chess are best taught visually so that a greater level of understanding can be achieved by the students that are learning the game. YouTube provides a way for content creators like chess teachers to earn an income via advertisements and sponsorships a YouTube channel with a sufficient amount of subscribers and watch time can provide. There are a great number of people who are looking for tutelage to improve their game and raise their Elo scores and finding ways to reach this audience and teach for a fee can prove to be a lucrative source of income for chess players that are above average or better.
The amount of money you can make teaching others to play chess as a tutor varies depending on your skills and experience playing chess as well as the methods used to reach your target audience. Creating online courses on platforms such as YouTube and Patreon can be extremely lucrative but also efficient as there are several methods of earning passive income on these sites which can be substantial enough to live off if your able to generate a sufficient amount of traffic to your channel. On the other hand teaching students offline via home tutoring sessions can also be a great way to make money which also makes it much easier to provide the best possible service to your students however one of the main drawbacks to teaching offline is that the amount of students that can be physically taught in one day is significantly less than the amount of students that can be reached and taught online in the same time frame which can greatly impact the amount of money that can be made. Some of the most successful chess teachers are able to make hundreds of thousands of dollars per month by teaching others to play chess online whereas offline chess teachers can make up to a hundred thousand dollars a year teaching chess in classes.
5.Writing Chess Related Articles For Media Outlets
If you are someone who is knowledgeable on the subject of chess and have a flair for writing there are many organisations that are in need of people with these skills to complete tasks such as writing chess related articles for magazines and journals. The subject of chess has a strong reputation for pulling in large crowds of people and drawing a lot of interest and attention and good writers are essential components to achieving just that. During competitions and tournaments like the world chess championships can provide a massive opportunity as well as being a promising time for chess journalists as there is often an immense amount of excitement and curiosity worldwide as to whether there will be a new chess champion or whether the current world chess champion will be able to successfully defend his or her title. The high stakes of chess championships adds another level of interest when factoring in that the winner will potentially be taking home millions of dollars in reward money. There are numerous chess magazine publishers and various media outlets that offer great incentives for writers with a good understanding and enthusiasm for chess, some of the most popular chess media outlets include organisations such as the Chess magazine, the British chess magazine, Kingpin, New in chess, Chess life and chess review.
Although the seasonal nature of the topic of chess championships may not provide a sufficient enough means of work and income the general topic of chess itself is much more sustainable as more and more people are becoming interested in chess further adding to its popularity and the potential to attract more readers to your content. The amount of money you could earn writing chess related content for media outlets varies depending on factors such as your ability to write engaging content for readers and your overall knowledge of chess as well as the size of the company, their access to resources and their willingness to reward their writers for their work however on average most chess journalists can expect to make up to seventy thousand dollars per year writing for some of the most established media outlets. Writing chess related articles for media outlets is similar to teaching chess in the sense that it can be accomplished both on and offline however there is much more potential to earn significantly more money writing for online readers as opposed to writing for magazines that are intended to be physically printed and read offline in magazines. Writing chess related articles for online readers is currently one of the best ways to make money as a chess journalist and enthusiast as it can grant you the freedom to work remotely as well as the potential to reach a greater amount of readers.
6.Earning Money By Writing Chess Related Books
Writing a book on chess is an excellent way to monetise your knowledge and expertise in chess which has the potential to create a substantial source of income. There are many chess players with varying levels of experience that are almost always in search of information on how to improve in chess which provides an incredible opportunity to anyone with the ability to help with the fulfilment of this goal. There are many methods that chess players can utilise to increase their understanding of chess however books play a crucial role for many chess players that are considered to be visual learners but in particular reading and writing visual learners that absorb information the best by reading and writing as opposed to watching videos or live demonstrations. Authoring a book has been one of the most effective ways for writers and specialists in various fields to generate an income for centuries that can be both passive and extremely rewarding with some of the most influential writers achieving great success for their work. There are a plethora of sub topics within chess that can be written about from the history of chess, the biographies of some of the most influential chess players throughout history as well as subjects such as chess opening theory and chess strategy and tactics to name just a few.
The amount of money that can be made from writing and publishing chess related books varies depending on your credibility as a chess player, the quality of the information presented in your book and your ability to drive attention to your book. If you are able to meet these requirements there will be very little to no limitations on the amount of money you will be able to generate from your books. Some of the most successful authors of chess related books have been able to consistently make millions of dollars per year from their work and some of the less successful authors of chess related books can expect to make anywhere from a few thousand dollars to tens of thousands of dollars per year. There are many advantages to writing a book especially in the current period of time we find ourselves in as there are now a plethora of ways to monetise the content within a book which include selling a book as a paperback, selling a book as a hardback, selling your book digitally as an E-book and lastly narrating your book and creating an audio version for platforms such as Amazon Audible. Although writing a book can be extremely time consuming which may put many potential authors off taking on the challenge of actually writing a book once written the money that’s able to be generated from the sales of your book is relatively passive which is one of the main benefits of becoming an author in addition to the overwhelming feeling of accomplishment.
7.Earning Money Through Chess Trading
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Chess trading is the act of buying and selling rare and valuable chess collectables such as antique chess sets, rare limited edition chess sets, chess books and chess memorabilia. Buying and selling rare chess related products can be an extremely lucrative way of monetising your interest and enthusiasm for chess and there are a variety of platforms both on and offline that can enable you to accomplish this goal such as antique shops, garage sales and online platforms such as Ebay and Etsy. The value associated with rare chess sets and chess memorabilia usually extends far beyond the initial cost of acquiring the products and in many cases the value of chess collectibles largely depends on the sentimental value and expected future value of the chess collectible in question whether it be a rare chess book or a chess set that’s limited in its availability to the public. One of the best things about acquiring chess collectables is that they can in many cases be bought for significantly less than they ultimately end up selling for which can provide a massive opportunity for anyone who is willing to put in the research to determine the true or potential value of the chess collectable in question and take the risk and invest.
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The potential return on investment for investing in chess collectables can be life changing as it’s not unheard of for rare chess sets and chess memorabilia to sell for millions of dollars after initially being acquired for less than a thousand dollars. It’s important to always do your due diligence when investing in chess collectables in order to limit the chances of acquiring chess collectables that have slim chances of generating a decent return. When investing in antique chess sets there are various things to look out for when assessing it’s potential value such as the material it’s made from and the age of the chess set. In the case of investing in rare limited edition chess sets one of the most telling signs that may indicate that a chess set is of high value is when the manufacturers of the chess set in question is no longer in business which can massively increase the value of any chess board sets they have produced. Much like when investing in antique chess sets and rare limited edition chess sets there are also some things to consider when buying and selling rare chess books and chess memorabilia however the most important thing to consider when buying and selling rare chess books and chess memorabilia is whether the chess book or chess memorabilia in question is authentic as much of the value of chess books and chess memorabilia is dependent on their authenticity.
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8.Earning Money By Organising Chess Tournaments
If you’re a chess enthusiast with talent in the field of organisation setting up and managing chess tournaments can be a great way to earn some extra money. Chess tournament organisers are able to make money in several ways which include donations, sponsorships, entry fees, merchandise sales, and catering. The role of a chess tournament organiser consists of locating and securing suitable venues, finding chess players to compete in tournaments and promoting chess tournaments in order to attract interested audiences as well as securing donations and sponsorships and allocating reward money to winning participants. Aside from actually playing chess and competing in chess tournaments becoming a chess tournament organiser is one of the highest paying jobs within the industry of chess especially at the highest levels of chess. The most established organisers of chess tournaments such as FIDE and other national chess organisations are able to generate tens of millions of euros from donations, sponsorships, entry fees and membership fees every year by hosting intermediate and advanced level chess tournaments. Although it’s not likely that the average individual will be able to make millions of dollars from organising chess tournaments anyone after undertaking the right education and having the right work ethic and systems in place can expect to find great success hosting chess tournaments.
The amount of money you can earn organising chess tournaments is dependent on several factors which include the size of the venue, the level of experience of the competing chess players, the availability of donating and sponsoring companies, the amount of attendees and your ability to provide additional services to generate multiple revenue streams. At the highest levels organisers of chess tournaments are able to make millions of dollars per year and its very possible for organisers of amateur chess tournaments to make thousands of dollars per month with great potential for growth as public interest in chess steadily increases over time. Although the business of organising chess tournaments can be extremely lucrative just as with any other business it’s important to always do your due diligence as there are also some costs that come with organising chess tournaments that can have an impact on your ability to make money such as venue rents which can vary depending on the venues size and location and equipment expenses. Overall there are many factors that can impact your ability to successfully organise chess tournaments however some of the most essential skills that’s necessary to organise a successful chess tournament is the ability to find suitable venues and chess players as well as being able to market and promote the event to the right audience.
9.Earning Money Through Chess Club Management
Chess club management is another way chess players and chess enthusiasts can monetise their interest in chess which consists of training and providing a place for chess players to practice and perfect their skills. There are several ways chess club managers are able to make money which include through membership fees, providing lessons and training programmes, organising chess tournaments, running chess camps and workshops, merchandise sales as well as with sponsorships and donations. The role of a chess club manager is similar to that of a chess tournament organiser in that both roles require renting out a venue for chess players although chess club managers are usually much more focused on developing chess players through training and education. Chess club managers typically have many years of experience playing or teaching chess which is an essential skill that’s useful for tasks such as creating lesson plans and training programmes for beginners in chess. Chess club management can be done both on and offline which is one of the main benefits of managing a chess club in the age of the internet although running a chess club in a physical location is usually much more beneficial for the development of most members within a chess club.
The amount of money that can be earned from managing a chess club varies depending on a range of factors however most chess club managers are able to make up to fifty thousand dollars per year by charging membership fees and selling merchandise and without implementing many of the strategies mentioned previously. The best chess clubs managers are able to consistently recruit new club members and retain existing members whilst also implementing many other income generating strategies in order to fund the further growth and expansion of the chess club. Managing a chess club can be very rewarding however it is significantly more time consuming when compared to other jobs within the field of chess as it requires allocating a sufficient amount of time towards training students as well as organising events and selling merchandise. Most chess clubs today are able to reach a much larger audience and earn significantly more money by offering online memberships and also operating from a physical location which is advantageous for both chess club members and chess club owners as it makes it much easier for chess clubs to increase the number of new memberships to their clubs without also increasing the clubs overall work load.
10.Earning Money By Developing Chess Software For Gaming and Analytics
The ability to make money with chess is not just limited to professional chess players as bringing chess to a worldwide audience will only be possible with the help of a community with a variety of skills which includes those who are able to read and write computer code. Computer programmers and software developers will be very instrumental in the future of chess and in the creation of new and exciting chess gaming apps and chess analysis apps. Developers of chess related software are able to make money in a variety of ways which include through premium memberships, in game sales, sponsorships, donations, advertisements, data licensing and affiliate marketing. Developing chess gaming and analysis software is similar to writing a chess book in that once the work has been completed much of the money earned can be relatively passive and any ongoing work will usually revolve around general maintenance such as fixing bugs and responding to user feedback. The main barrier to entry that may limit ones ability to create a chess app is a good understanding of some of the most popular programming languages such as python and Javascript however it’s also important to consider that creating any app typically takes a considerable amount of time and effort as well as an investment of capital in some cases.
The amount of money that can be earned from developing chess software for gaming or analysis varies depending on factors which include the value the app brings to the chess community and also the apps overall popularity and potential for growth. There are numerous chess gaming and analysis apps and websites that have been able to attract and retain millions of users by providing valuable products and services however new apps and websites are constantly being created as even among all the competition within the industry there are still opportunities to make improvements in areas other companies may have missed or overlooked. The most established chess gaming sites such as chess.com generate up to a hundred million dollars per year in revenue which is an excellent indicator of what’s possible however by making improvements to what may be missing in chess gaming and analysis apps it’s very possible that the hundred million dollar mark can not only be achieved but surpassed. Creating chess software for gaming and analysis can potentially be one of the most lucrative ways to earn money from chess which also has the potential to provide a long term and scalable income that’s partly due to the world transitioning from a physical to a digital age.
11.Earning Money With Chess Product Reviews and Affiliate Marketing
There are numerous chess related products and services from chess board sets and chess equipment to chess art and chess software for gaming and analytics that anyone with an audience can promote to make money through commissions. If you’re a chess enthusiast who regularly purchases chess related products or services with a good understanding of some of the pros and cons of a particular product or service creating helpful and informative content around your experiences using the product or service can benefit both businesses and consumers as there are numerous people that value the insights and experiences of other users of a product or service. The most popular methods of promoting chess related products and services include starting a website and creating review style blog posts and creating product reviews on YouTube and other social media sites such as Instagram and TikTok. Creating promotional content around chess and utilising affiliate marketing is one of the best ways to monetise your interest in chess as it’s a strategy that has very little barriers to entry when compared to other chess related income generating strategies such as Tutoring and software development. One of the main advantages of promoting chess related products and services online is that the money that can be earned after providing your audience a sufficient amount of content is usually long lasting and relatively passive.
The amount of money that can be earned from promoting chess related products and services varies depending on factors such as the market demand for a particular product or service, your current level of experience within the field of affiliate marketing, the commission structure of partnering companies, the size of your audience as well as the amount of time and effort dedicated to creating helpful and informative content. The most successful affiliate marketers are able to generate anywhere from a few thousand to tens of thousands of dollars per month from their marketing efforts whereas some of the least successful affiliate marketers can expect to generate from the tens to a few hundred dollars per month with moderately successful affiliate marketers generating figures within the middle of the most and least successful affiliate marketers. Although promoting chess related products and services with affiliate marketing can be very lucrative there are also some drawbacks to utilising this strategy which include the lack of control over the availability of products and services as well as the lack of control over the quality of products and services. It’s important to build and maintain credibility and trust among your audience when promoting the products and services of other companies as without a good reputation and trust many people will find it difficult to discern whether a product or service you promote is genuine or not.
12.Earning Money With Chess Art and Design
E-commerce provides a massive opportunity for entrepreneurs all around the world to generate an income through the buying and selling of various products and services which can be both long term and passive depending on the strategies that’s implemented in your endeavours. If you’re an artist who also has an interest in chess what better way to earn some extra money than by creating art centred around chess such as custom chess sets, posters, t-shirts, jewellery and furniture. Aside from actually playing chess many chess enthusiasts also enjoy expressing their passion for chess by wearing chess related clothing, wearing chess related jewellery or having chess related art in their homes. There are a variety of online platforms such as Printful.com, Printify.com and Gelato.com that can enable any artist to create new artwork from scratch such as t-shirts, wall art, custom mugs and phone cases which can then be displayed and sold on sites such as Etsy.com and Ebay.com or displayed and sold on your own personal website using sites such as Shopify.com, squarespace.com or wix.com. One of the benefits of creating and selling chess related art and design is that you will typically be catering to a smaller but much more engaged market which is one of the best ways to build and maintain a loyal audience that’s much more likely to support your work over the long term.
The amount of money that can be earned from creating and selling chess related art and design varies depending on several factors which includes the current market demand, seasonal trends and the success of your marketing efforts however on average the most successful chess based online stores are able to consistently generate yearly revenues exceeding six figures. The averagely successful chess based online stores are also able to generate significant yearly revenues which can range from ten to fifty thousand dollars. On the lower end of the spectrum some of the up and coming chess centred online stores can expect to make anywhere from five to ten thousand dollars per year in revenue. It’s important to note that most chess related stores tend to take a much more specialised approach when deciding on which products to offer and usually focus solely on selling chess board sets which creates an opportunity for artists to take advantage of by providing unique and exclusive products to the market. Although creating and selling chess related art and design is a great way to earn an income online it also requires a considerable amount of hard work and dedication to master crucial tasks such as marketing which can take some time to fully comprehend.
13.Earning Money By Starting A Chess Podcast
Podcasting is a great way for anyone with a passion for speaking and chess to both build an audience and generate an income online by providing information on topics such as chess openings, famous chess players, iconic chess games and major chess events like the world chess championships. There are several ways to monetise a chess podcast which includes through donations, sponsorships, advertisements, premium memberships subscriptions, affiliate marketing and by licensing content to other platforms. Content creators are able to reach a much wider audience with podcasting which can take the form of both audio and video recordings as listeners can choose between which format to consume depending on their current situation. It’s very common for podcast listeners to consume audio content whilst working or commuting and to consume video content whilst at home allowing anyone with essentially any device to tune in to their favourite podcasts whenever the need arises. One of the main advantages of starting a chess podcast is that it can enable you to network and build relationships with many of the top influencers in the global chess community which can be extremely beneficial during the initial growth phase of a podcast and even more so in the future as it can ultimately lead to the fruition of powerful business partnerships.
The amount of money that can be earned from a chess podcast is dependent on numerous factors which include the quality of content the podcast produces, the success of ones marketing efforts, the audience size and potential for growth and most importantly how consistently your able to produce content. On average, some of the most successful chess podcasts are able to consistently generate yearly revenues exceeding a hundred thousand dollars by implementing many of the previously mentioned monetisation strategies. Chess podcasts that are able to achieve the medium levels of success can expect to earn anywhere from a thousand dollars to tens of thousands of dollars per year in revenue and on the lower end of the spectrum chess podcasts that are able to successfully monetise their content with a relatively smaller audience size are able to generate anywhere from two to five thousand dollars per year in revenue with great potential for future growth. Starting a podcast can be very rewarding both financially and emotionally however just as with any business there are some requirements that must be met which are essential for the overall success of a podcast such as an understanding of how to use various hosting platforms, editing software as well as having access to good quality recording equipment.
14.Earning Money By Becoming a Chess Commentator
Commentating and providing analysis on major and exciting chess games is an excellent way to earn money with chess especially if you are already immersed in the world of chess. There are several ways to monetise your commentaries as a chess commentator and numerous online platforms that can allow you to connect with the global chess community. Some of the most popular online platforms every chess commentator should be aware of include, Twitch, YouTube, Vimeo and daily motion. There’s also several web 3.0 platforms that can allow chess commentators to reach an even larger audience and even earn cryptocurrencies in the process such as DTube, Steemit, LBRY, DLive, Theta and Bitchute. The most popular topics to discuss as a chess commentator includes play by play chess game analysis, the biography of famous chess players, chess opening theory, middle and endgame tactics, the history of chess, chess psychology, chess tournaments and events and general chess education. Many of the benefits of podcasting and many of the monetisation strategies within the business of podcasting can also be applied to chess commentating such as the ability to network with major influencers in the industry and the ability to generate multiple streams of income with some streams of income requiring active work and others being relatively passive.
The amount of money that can be earned by becoming a chess commentator is dependent on factors such as your level of experience both in chess and in commentating, your reputation as a chess commentator, the size of your audience, how engaged your audience is with your work and how well your able to implement the available strategies for monetisation. The most successful chess commentators usually have a considerably large audience as well as strong relationships within the industry and are able to generate millions of dollars per year through sponsorship deals, advertisement deals, merchandise sales and by collaborating with high paying chess tournament and event organisers. Chess commentators that are able to achieve the median levels of success can expect to earn hundreds of thousands of dollars per year in income by utilising many of the same strategies implemented by the more successful chess commentators although the size of some of the deals and collaborations they may encounter tend to be relatively smaller than their more successful counterparts. On the lower end of the spectrum of success some of the smaller up and coming chess commentators are still able to generate a decent income that can range anywhere from a few thousand to tens of thousands of dollars per year which also has the potential to grow significantly by spending a sufficient amount of time, hard work and dedication making improvements in the business. Chess commentating can be an extremely lucrative way to earn an income from ones interest in chess however it’s also important to note that as with any business chess commentating generally requires a consistent effort in producing quality content as well as a consistent effort in engaging and growing an audience in order to have the highest chances of success both in the short and long term.
Conclusion
Chess can provide a multitude of ways to generate an income both on and offline. In this article I’ve outlined some of the best ways money can be made by utilising ones skills and interest in chess. There are even more ways of earning money through chess without directly having to play chess. Being able to connect with others online has opened the doors to even more ways of earning money through chess. If you have an interest in chess you will find no shortage of ways to earn money from your skills and interest regardless of your level of experience. By taking the offline approach in conjunction with using some of the online methods you should be able to create multiple streams of income from chess.
