If you are a chess player and you are wondering how chess players make money playing chess then you are in the right place.
There are 7 ways you can start making money from playing chess and they are as follows:
- Earn it as a Salary at a Chess Club.
Chess, like any competitive sport, has clubs. Chess players are paid to compete in tournaments and individual matches on behalf of their clubs.
Greater London Chess Club, World Chess Club Moscow, Baden-Baden Chess Centres, and others are among the world’s most renowned chess clubs.
2. Participating In Tournament and matches. This is a primary source of income. The amount of money earned is determined by the size of the tournament and the performance of the player.
3. Sponsorship and endorsements from Brands.
Depending on your club or tournament popularity, Brands will seek partnership deals that clubs, top players. Chess is a global game that is gaining popularity by the day. Companies pay top athletes a lot of money to be the face of their brand and to endorse their products and services.
4. Writing Books and Featuring in movies.
Many Grand Masters have written books about chess and their personal lives. Publishing a book could be one of the best long-term ways to earn money. A chess player can also find employment in the film industry as an actor, writer, consultant, or in any other position that best suits his skills.
5. Get Paid To Teach Others To Learn The Game.
Chess players can always pursue a career as a chess coach. One could start a school, a club, or simply teach students one-on-one. Teaching is the most common way for anyone who is good at something to make money.
6. Get Paid as A Tournament Organizer.
Chess teams regularly make money by organizing chess tournaments and other chess-related events. It’s similar to organizing any other type of event.
7. You Can Get Paid Streaming Live Chess Online.
Online chess is the chess of the future. Chess players make a lot of money by streaming their matches on Twitch and YouTube. Some players make use of these platforms to teach chess to a broader audience.