How to make money racing, Even if you’re not hoping to build a career in driving race cars, the majority of people are interested in knowing what it takes to be a race car driver. This was a question that I was recently asked last day by an experienced driver that I am familiar with. It’s a big subject, but not something that could be addressed in a generic manner There isn’t a universal answer.
There’s no standard way to be successful in racing There are different options. Not all will be successful. Actually, many will not. There are certain things that increase one’s odds of competing professionally. -Ross
|“I am interested in racing professionally. What should I accomplish to achieve that? Should I get rid of my current car to be able to move on or keep it in order to can race it if I fail to make it?”
It is important to begin the discussion by asking What do you think you consider to be “race professionally”?
Many drivers compete in what are known as professional racing series. such as the Continental Tire Sports Car Challenge (CTSCC) or Pirelli World Challenge (PWC) are two good examples. But the majority of drivers pay to race. Do you think they are “racing professionally”?
Are you looking to be money to race? Being paid to race in the race car is what I imagine as professional racing.
If you’d like to be paid to drive there are two options available to you:
1. Show that you’re competent enough and provide enough worth to a team to warrant they choose to hire you. The value could be solely speed, but it could also be something different (I had a job as a driver in the “paid to drive” world partly due to the fact that I could coach – an additional benefit that allowed me to be ahead of competitors).
2. Get enough sponsors for you to “rent a ride” from the team, and use an amount to cover yourself. This is much more frequent than most people are aware. Drivers from F1 performing this and a lot of drivers in other forms of racing have built their career in this manner. Many people are critical of this and claim that it’s not professional however I don’t agree.
If the description of a professional driver involves being involved in the process of the process of attracting and serving sponsors (and it is, at every level in the game) the method is just as legitimate as any other method. It’s a part of the job description, and having a relationship with sponsors isn’t any less crucial than driving speedy is.
This is especially true when you are looking to compete professionally. If you’re looking to be judged solely by your speed and not much else, begin to pay to race.
Both of these strategies can be described as “racing professionally.”
how to make money racing
It’s the first thing to do is to determine the series you’d like take part in professionally The first step is to identify which series you’d like to race in: Sports cars (IMSA GT Prototype, Continental Tire Sports Car Challenge; Pirelli World Challenge), Indy Car, GRC, NASCAR, World of Outlaws etc.? Anything out of North America? It is obvious that if your aim would be to become an Indy Car, then your strategy will differ from when you are looking to be payed to race sports automobiles.
Let’s say that you’d like to race sports automobiles. A person hiring you just because you’re speedy isn’t an easy decision even if you’ve never won at the level you’d like to race at. Not only must you win, you also need to excel in a lower level before anyone is likely to employ you in the next level.
If you’re going to follow this path you’ll need to do well in a particular series (or several series). There are some sports auto drivers who done the same kind of progress (Colin Braun Sean Rayhall, Tristan Nunez and Andy Lally), …),
however for every driver who has succeeded there are many thousands who aren’t. It’s difficult since you’ll need the team and the car to complement your capabilities before you’re successful and getting that combo exactly right isn’t an easy task. It’s doable, but not effortless.
The other option is to locate the “sponsor.” This could be an advertising partnership (a real deal that is based on the idea of bringing the business value to a firm) or a person likes you or race (the patron) or finding a driver who is interested in you enough to allow you to ride with him.
This last scenario is a valid option. With many racing events requiring at least two drivers, it is possible to locate someone who would like to rise to the same racing ranks like you, and who will gladly cover the cost as a reward for your assistance as a coach, mentor, or coach.
Consider ways to make use of your current position (your abilities, your current job or profession or your connections/network.) into a marketing partnership that will result in you having the funds to race (and having the ability to earn an income in the form of a commission or salary).
It is also important to remember that the three levels of driver:
1. People who pay to drive.
2. The people who don’t pay to drive do not get the money to drive.
3. People who are compensated to be a driver (again this could represent one of the two possibilities I mentioned in the beginning of the article).
It’s great to be able to race straight into level 3 however there are times when it’s not possible. It might be necessary to race at level 2, which means you’re not charged for the race however you’re not any money also.
There will be an point at which you need to decide not to pay to drive. It’s been my intention to write about it before and discussed the most effective way to earn money to drive is to not the opportunity to take a free drive. If you’re regarded as a driver who always pays to drive, then that name is going to stick with you forever and it’s difficult to get out of this situation.
Let’s look at whether you should sell the car you currently own to achieve your final target. What can you do with your car currently to get you to either of these possibilities I have mentioned? If you keep the car, in which races could you be racing which would lead to you winning until someone took notice of you and decided to hire you due to your absolute speed? You could use it to make a difference in a sponsorship?
Another thing to think about is the fact that you’ve got the resources in your vehicle. Can those resources be used in a more efficient manner? If, for instance, you were to sell the vehicle, could you utilize those funds to buy drives that you can dominate and attract attention of others and demonstrate your worth?
Could you use those funds to contract someone to help put a marketing/sponsorship deal together? You could use the funds to find someone who is a “guy with money who will take you along with him as he moves up the ladder because you coach and mentor him while being the rabbit in his car” (yes that’s quite an incredibly long title, but we’ll just refer to him as “Rich” – pun intended)?
I’ve known a lot of drivers who chose to hold on to a automobile (or Kart) which they own, believing it was a good alternative in the event that they were unable to put something else together and then to find themselves in an awkward situation where,
when they could have the money from the sale of their vehicle, they’d be in a position to purchase a car that would have provided the chance they were looking for. The opportunity usually went away before they were able to sell their vehicle; in some instances, they were forced to sell their car for a huge discount in order to receive cash quickly.
I’ve also observed drivers who always return to their fall-back positions because they are in that fall-back position. If you do not have a fallback position, it usually pushes you to make another decision that could result into an opening. If there isn’t a safety net and you’re under pressure, you put the pressure on you to take the decision.
There’s always something to be learned driving the car you’re currently driving – you’ll always learn more. What if you could learn this while working towards earning a salary?
What should you do? Based on your answer refers to your whereabouts and what you intend to go doing all you can to be a part of this CTSCC or PWC series is the best option. If you’re confident that you have the ability to demonstrate that you’re worthy the right to receive a salary to drive likely to need to finance the necessary things to start.
You can buy an PWC car to use in the lower classes, and try to win over people with your winnings. Driving your own car requires understanding all the small tricks to make your car efficient (and do not think that there aren’t any tricks – it’s more difficult than it appears). Are you looking to be an owner of a team or focusing on driving?
In between CTSCC and PWC Consider that one of them is a two-driver scenario, while the other isn’t. CTSCC gives you the benefit of you could be able to get someone else to pay the entire budget and you can get to drive for nothing (while giving the co-driver with value) and, if you’re lucky you pay 50% of the total budget. However, the downside is that your co-driver could stop you from being dominant in the way that will leave an impression on other people.
If you put your all-in effort into it Do you think you’ll find someone who is interested in driving? Who you could be a mentor to and then bring into the world of professional racing?
Do you think you can discover a way to make your current situation could provide an advantage to another company (or several companies) which could result in the creation of a race budget that could be competitive in CTSCC as well as PWC?
What can you do with the money you’d receive from the sale of your vehicle?
I’m sure I’ve not created a straightforward step-by step program that any driver could follow. I’ve also had more questions than the answers. However, if you consider the things I’ve mentioned, and then respond to the queries I’ve posed, you’ll see a direction.
If it can get you to the point of earning money to compete professionally will come down to the amount of time and effort you invest in it. If you’re willing to put in the effort and commit, you’ve increased your odds.
I’ve always wanted to write a book and I suppose before now I already had. A guidebook to Norfolk that doesn’t even have my name on… Hardly the stuff of dreams.
But then I started Racing Mentor and I created so much content helping racing drivers pick up sponsorship that it only seemed right to turn that into a book. That’s how Get Paid to Race came about and I wanted to share some of that advice with you here.
This article isn’t necessarily about becoming a paid factory driver. That’s a discussion for another day. This is about how to find the funding you need through sponsorship. Of course, if you get somewhere and prove yourself, there’s no reason that can’t lead to a factory job.
But remember, so few people are actually paid by manufacturers or team to race cars. It’s not impossible but to get anywhere, you need to bring in sponsors in some shape or form (or have rich parents…).
SO YOU WANT TO RACE
But also, welcome to the glorious money-pit that is modern-day motorsport.
While you’ll undoubtedly have to spend some of you own money to get started, consider it an investment in yourself and your future career as a racing driver.
Sponsorship can either help elevate you to the ranks of your heroes or it can make an expensive hobby less expensive. Either way, the principles are the same.
YOU ARE A PRODUCT
Before you start pitching to sponsors you need to start thinking differently. You are a product with features and benefits. This is what you’re going to sell to sponsors.
Your features might include an audience of 10,000 on Twitter, a highly engaged subscriber base on YouTube, television reach to millions during a race weekend, or the ability to secure press coverage in glossy lifestyle magazines.
What you need to consider is why businesses should care about all this. Work this out and you have your list of benefits.
An audience of 10,000 people on Twitter could expose a business to 10,000 potential customers and beyond. All those YouTube subscribers are a new audience for a sponsors’ video content. Television reach to millions can help any brand become a household name. And all that coverage in glossy magazines could help a business reach a new audience without them having to spend thousands per issue.
BUILD A RAPPORT
Once you’ve done the hard work building your profile and audience, you now need to start targetting the businesses that could benefit from what you do.
Don’t just jump straight in with your pitch. Make an effort to build a real relationship with business owners before you try to sell to them. This might be at networking events, online or in the paddock.
DON’T JUST TALK ABOUT YOURSELF
When you pitch, start with how you can help the business then go into your background as a driver. Don’t just launch into 14 paragraphs about yourself because the business owner will get bored pretty quickly.
Business owners are short on time so make sure you hook them straight away.
This subheading is worthy of an exclamation point.
Don’t be afraid to chase a potential sponsor until they sign the contract or give you a firm no. Too many sponsorship emails go unanswered and this could be for so many different reasons. Emails get missed, they get lost along the way, go to the wrong person, or the receiver just doesn’t see the value yet. Be persistent.
Build your brand around strong content so you can show potential sponsors exactly what you’re capable of.
If you’re interested in finding more about getting Paid to Race,
There are many ways to earn money from drag racing, but any racer will tell anyone that it’s more difficult to lose money when going to races than to earn money. Actually it’s the old adage that says “It’s easy to make a million dollars going drag racing, just start out with two million; you’ll be down to one million in no time.” There’s lots of truth to this cliche about racing, especially in relation in the context of “No-Time” drag racing.
For those who haven’t heard of it The No-Time drag race, appropriately referred to as N/T racing is drag racing with an early start. usually in the eighth mile format. The car that is the first to cross finishing line is the winner However, the clocks are turned off, and no times are presented. Thus the name “No-Time Racing. Because the clocks have been shut off, the excitement intensity is high.
It’s only about the winning. Are you asking yourself what it means to win? Of course, cash. Cubic inches are worth cubic dollars and that’s the reason we live our lives in the speed pace. In God We Trust However, all participants must pay in cash.
Once the racing is over then it’s all about Benjamins. The Grudge and N/T racers do not want trophies, and points system, countdowns They want throw-downs and green-backs.
How much cash do drag racers race for? At sanctioned drag racing events the drag racing body that is sanctioned establishes the rules, and usually, they will announce what the prize is prior to the beginning of each racing season. In many cases, racers are competing for a money prize that is considerably smaller than what it costs for many racers to simply tow their race equipment to the event and complete three to five passes during the duration of an entire weekend.
In addition Some racing events last at least five days long and the cost goes up fast. Some drag races are not organized this way, however most are. This means that very few racers are able to claim they actually earn money by drag racing.
There’s not much social interaction in the N/T community.
What happens is like this: usually, calls are made and bets are set prior to an event. Big dogs who are known as top dollar or as they are usually called, are not going to be seen coming down from the porch to compete with less than four to five figure cash in cash in. Racers also need “street-creds” actual street-level credentials in the racing community otherwise, there is no way to speak to them.
However, racers who are in the know, with the ability to win after a bet has been accepted, the game is on. The car’s owner, maybe the team members and even the driver could contribute to the purse which means that everyone has an interest in the game. It could be one person’s wager against another.
Upon arriving on the date and time the teams each deposit the amount in dollars to”DP” man “DP” man (the deposit man). The highly trusted and revered and well-known person has the cash for each team. To address the basic question of how much money is spent, Let’s say this in a in a way: the piles of cash can be quite staggering.
Donald “Duck” Long, as promoter, has given out massive amounts of cash in transparent briefcases, on more than one occasion during one of the Radial Vs The World competition events. When racing N/T, with the clocks shut the sources say more than twice that amount in cash was handed for one single N/T race victory. One race, winner takes all.
Take this into consideration, you should know that NHRA will pay up to $50,000 for the Top Fuel, or Funny Car victory during one of the national races. A street racer with the best car will be able to win more than that amount by simply turning on a win signal.
One racer who we’ll refer to as A.B. describes it, “I love N/T racing because it can be completed in one shot. You get out there and you place it on the line and that’s all there is to it. It’s not a long weekend and you don’t have to wait for the next thing or that.”
Another element to Grudge kind of racing A.B. likes is “I’m South of the border and there’s plenty of this type of racing here particularly at smaller tracks. This is why it’s local to me. I don’t have to travel all across the country for this. We are able to participate involved in as many races we want, which is why my car and the owner are able to do it for us.”
Racer C.D. who is the only person that you should not be next to you , has this view on drag racing “I love the one shot single kill feature of this. There’s no fumbling around and you’ll be done or walk away with your pockets empty.
“What I like most about this type of racing is that the spectators are not knowing who will take home the prize or how fast and fast they are going. This increases the excitement of racing and it keeps the attention of the spectators. In addition, with the open racing format It’s relaxed. The crowd is really great in these races.”
The late Mr. E.F., a racer from the N/T arena that has gained a lot of attention, spoke about the current growth and popularity of Grudge racing and N/T, “With some of the greatest names in contemporary door-car drag racing launching and racing clocks going off it is very interesting for people which is why it has increased our number of fans.
“The level of the racers and racing has improved significantly too. As can be seen by the race cars competing at these events They put a lot into making these vehicles. The craftsmanship is as good as anything you’ll see in the NHRA’s most prestigious classes.”
While racing enthusiasts from N/T are definitely an individual within the world of racing however, not all fans of racing are interested in the N/T racing scene. One person interviewed at the most recent Magic Tires Lights Out 11 event shared the same sentiments as large segments of the race fans “I’m not a huge fan of racing in N/T.
Without the scores on the boards I’m not aware of the numbers the cars did, and I don’t have anything to compare the performance of the car to. It doesn’t make sense to me.”
Although the jury is not yet decided the issue, one person’s view is in contrast to the other.
G.H. G.H. N.C. commented, “I enjoy gambling, but I am not a fan of casinos even though I have one close to my home. But I do love betting on automobiles. That’s why I keep the OT (overtime) funds and every year, I go at Donald Long’s Lights Out and it’s my own mini-vacation.
I’m there from Thursday to Sunday, and I have a blast playing the race cars and sitting in the crowd. The best method to get started is to take 100 dollars in single-dollar bills, and choose one of the lanes.
When I get to meet people new, I hang out and have fun, as well as enjoy the race. I could earn a few dollars but for me even if I fail to make the $100 that’s still worth $500 to me just for the joy of it.”
It’s obvious that the action in events like N/T as well as Grudge races are not always in the race track by itself. Money is a major factor and during these races the racers and spectators are paying attention.
CAN YOU MAKE MONEY SIM RACING?
It’s not easy when you’re trying to enter racing without having money. Even at the go-kart level, the cost could be astronomical If you choose to take on the task yourself.
It is interesting to note that a participant on the forum for go-karts actually performed an study of the expense necessary to begin go-kart racing. They looked at the price of a used go-kart entry fees for karts race fuel, parts for karts such as maintenance of the engine, hotel costs and travel gas costs and so on. In the course of a single year (or the entire year) of regional race karts, they worked that it would cost about $8,000 or so. OUCH!
There is however positive news.
Ways to Get Into Racing for Cheap:
Thankfully that it isn’t need to cost a huge amount to begin your journey into the world of racing. That’s due to the fact that K1 Speed’s Indoor Go Karting provides four inexpensive ways to get into motorsports on a tight budget without costing you a fortune. So, whether you’re a teenager, a child or an adult wanting to become racing car drivers take a look at these affordable options.
1. Just Starting Out? Try “Arrive & Drive” First
The first step to consider before trying to become an experienced racecar driver would be to test an Arrive and drive event at the K1 Speed.
There’s a reason, Arrive & Drive racing is the most popular experience we offer on K1 Speed. This allows you to get involved and experience the real thing without having to spend a lot of money. There’s no need for reservation or driver’s licence! We’ll give you the helmet, headlock and go kart, so all you need to do is come and enjoy the fun.
Then you’ll race in a 12-lap competition for the fastest lap speed that is not location on the track. It isn’t a big deal if somebody else holds you back. You just need to give yourself a space to other drivers and then set your own record-breaking lap time.
In Arrive & Drive, you’ll learn the fundamentals of racing, like:
- Control of cars
- Race lines
- Steering smoothly
- Sensitive pedal application
- Moving forward
We offer two kinds of electric go-karts which include junior karts that are designed for children 48″ or taller or adult karts for anyone 58″ or taller (up to the discretion of management). Our junior karts have speeds of about 20mph Our adult karts are capable reaching 45mph, which is the fastest in the market.
The best part is It doesn’t require you to sell all of your belongings to experience racing in real life. The required membership fee is $7 at the majority of locations. Also, the cost of Arrive & Drive racing is less than $20 which is about the price of pizza (listening or a college student?). Additionally as more events you purchase in a row, the less each race will cost.
Furthermore the program, Also, Arrive & Drive is an excellent opportunity to train and improve your abilities. If you want to become more proficient at racing the seat time is crucial. The more time you spend in race car the more efficient. This is why professional racers such as 7-time F1 World Champion Lewis Hamilton and two-time IndyCar Champion Josef Newgarden have been to K1 Speed to take part in a short 12-lap race.
2. Kid Wants to Try Racing? Try Our Junior League
Your kid has been able to experience the Arrive & Drive racing in the junior karts, and is looking promising. In fact, they’re beating other kids in the crowd and appear to have mastered the fundamentals. So, you’re thinking what’s next? The answer is simple! Participate in the Junior League!
The Junior League is a monthly racing series, running between January and December during which kids compete head-to-head to earn the best position, not just the fastest lap as in our Arrive and Drive format. Your child will be able to learn more on racecraft instead of simply being able to drive quickly.
Racecraft is a term used to describe:
- The art of passing other racers
- The art of defending yourself against racers who are not yours
- Controlling the pressure
- Being consistent
- Surmonting setbacks
Each race includes an initial preliminary event in order to establish the start grid, as well as the last race to determine place. At the conclusion of the race the scores are given to the racers according to their performance. Children earn points for each month-long event they participate in until a champion is announced at the end of the event in the month of December.
The best part regarding the event: you don’t have to be a part of each race! There’s no commitment to compete in all 12 races. Therefore, if you have other plans for the month, or if your child decides to prefer watching races on television instead, that’s fine! The only cost is for each race they participate in. And how much is it? It’s only $44.95 per child, for each event with other kids in K1 Speed’s Junior League. You’ve probably already learned that this isn’t a bad price to pay.
3. A Great Way for Teens to Start Racing: Teen Cup
If you know someone who is who is interested in motorsports K1 Speed’s Teen Cup is perfect. The series is open to those who is younger than 18. who can be accommodated into our adult Karts. This means they must meet the requirements for height at 4’10” and have the ability to safely drive the car.
The Teen Cup runs the same as our Junior League. It features twelve races that are held monthly from January through December and the participants compete head-to-head to determine positions. The format is similar to the other events: each includes an initial qualifying race and an final race to determine the winner. Teenagers also compete for points and the person who scores the most points in each venue will earn amazing prizes.
Teen Cup takes place during the same night that we have it is our Junior League. However, be assured that this is an entirely different beast. The karts are capable of speeds that exceed 45mph, and they know how to make the most out of these machines.
The cost of Teen Cup is also only $44.95 and there’s no requirement to participate in every round. Just attend the races that you are able to. Of course the more races a teenager takes part in, the more chances they stand to win the title.
4. It’s Never Too Late to Start: Challenge GP for Adults
Then, now, our Challenge GP is the best method for adults to enter into motorsports. If you’re 18 years old or more and at or above 5’10”, then this is the best and best option for a low cost. The series allows adults to enter the competitive racing world and you’re never too old for it to start! We have a variety of ages in these races starting from racers aged 18 years old to racers who are in their 50s and 60s.
As with our other racing leagues, the Challenge GP series lasts the all year round, which means that there is a race every month from January through December. The cost for participating at our Challenge GP is just $54.95 and includes two qualifying sessions as well as the final race to determine your position.