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Reasons why agents are necessary for athletes.

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Reasons why agents are necessary for athletes.

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DESCRIBE

This source explained and gives you reason about why most athletes need a sports agent to represent them in today's world

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Don’t Listen To Richard Sherman: 8 Reasons Agents Are Necessary For Athletes

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Contract negotiation is only a small part of the overall service agents should be providing their clients. Here are the ways in which agents can be invaluable in preparing players for life.

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Ethical representatives or overly aggressive adversaries/ 

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Ethical representatives or overly aggressive adversaries/ 

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DESCRIBE

Basically what this source explains is what a sports agent actually is and what to do and what not to do as a sports agents and then list a bunch of different payrolls for sports agents in different sports

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DESCRIBE

This source breaks down how much money usually sports agents make when negotiating deals or when doing taxas and taking some of your players commission when they sign a deal

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How Much Do Sports Agents Make? - Sports Management Degree Guide

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Sports agents’ do not have a typical salary and wages are determined not so much on their performance but on the performance of the athletes.

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Do you need a certain degree to become a sports agent?

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Do you need a certain degree to become a sports agent?

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This source tells you about what certain qualifications you need to become a sports agent where sometimes you don't need a specific degree but you do need a license to be a certified sports agent.

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How to Become an Agent

1. Understand what the profession entails.

What does an agent do? Most people know that a big part of the job involves dealing with contract negotiations and handling endorsement deals. But there's much more to the career than that.

Here's a typical sports agent job description: "...advocating for and managing the careers of athletes and sports competitors..." Yes, agents conduct salary and contract negotiations. But they also manage their clients' public images and look out for athletes' long-term interests after retiring from competition.

So, what do sports agents do in a typical week? They supply necessary support to the athletes they represent, aiming to help them perform and excel. As an agent, you might:

Act on an athlete's behalf during negotiations with coaches, teams, owners, or sponsors.

Offer financial planning advice.

Be the media spokesperson for your client.

Help with nutrition planning.

Secure a new deal for an athlete who gets released or wants to change teams.

Assist athletes and their families when they move to new cities.

Help athletes make important decisions like whether to undergo surgery or accept a contract with less-than-ideal terms.

The best sports agents are charismatic, persistent, self-directed, personable, and willing to take risks for their clients. Plus, they are immersed in the sports world: They understand how recruiting and drafting work and who the key players, managers, owners, and teams are. They're also familiar with salary caps and the rules and regulations that apply to each sport. Many top sports agents have pro sports backgrounds and an extensive network of contacts within the industry.

To be an effective sports agent, communication, negotiation, sales, and marketing skills are essential. You need to understand the basics of contract law and legal documentation and be able to build relationships with people from a wide range of backgrounds. Speaking more than one language can also be helpful.

Becoming a sports agent means committing to lots of travel and a variable schedule. You may handle hundreds of phone calls a day, and you might need to be available to your clients around the clock. But if you're a shrewd negotiator who is passionate about the business aspect of sports, this may be the career for you.

2. Earn a degree.

Technically, no formal education is needed to become a sports agent. But realistically, your odds of success are much better if you get at least an undergraduate degree. Some pro sports leagues require agents to have a bachelor's degree (or even a master's) to become certified.

Many agents start by earning sports management bachelor's degrees. Such programs typically offer instruction in sports economics, ethics, brand management, marketing, negotiation, and event planning. Many also include sports agency internships that can give you valuable real-world experience.

Graduate-level training can be very beneficial. For instance, an MBA program can help you acquire the high-level business acumen to be effective at the bargaining table.

Many sports agents are lawyers or have law degrees. Indeed, studying contract law and the details of collective agreements is excellent preparation for this career. And if you pass the bar exam in your state and become a licensed attorney, you will be permitted to offer legal advice about athletes' contracts.

However, you don't need to go to law school to be a sports agent. Some agents develop partnerships with attorneys to ensure that the legal aspects of deals and contracts are fully taken care of.

3. Get licensed and/or registered by your state.

Some states, such as Florida and California, require agents to be licensed before they can broker deals on behalf of an athlete. In particular, state licensing is often required if you work with wrestlers, boxers, or mixed martial artists since those sports have a greater risk of injury. Becoming licensed typically involves filling out an application form, divulging any criminal history you may have, and paying a fee.

Plus, in most states, agents must be registered to negotiate contracts or endorsement deals for student-athletes who want to go pro. That means you must provide information about your education and experience. You must also disclose if you have:

Been convicted of a felony

Provided misleading information to a student-athlete

Had a sports agent license suspended, denied, or revoked

Done anything to cause the ineligibility, suspension, or sanction of a student-athlete

In addition, you may need to purchase a surety bond or liability insurance. Be sure to check with your state board of licensing to determine what rules apply where you live.

In 2019, the National Collegiate Athletic Association (NCAA) amended its rules to allow men's college basketball players who declare for the NBA draft to hire agents and still retain their college eligibility in some circumstances. However, such agents must be certified by the NCAA. To qualify, agents must:

Have a bachelor's degree OR be currently certified as an NBA agent

Have been NBA-certified for at least three years in a row

Maintain liability insurance

Pass a written exam administered by the NCAA

Pay the application and certification fees

You must reapply for NCAA agent certification every year.

4. Become certified by the appropriate league.

Each professional league has its own certification process for agents. Here's how to become a certified sports agent for the four biggest leagues in the U.S.:
National Basketball Association (NBA)
Becoming an NBA agent requires having a bachelor's degree from an accredited four-year school. It's possible to become a certified agent without a degree if you have several years of relevant negotiating experience. The players' association grants such waivers on a case-by-case basis. (The most famous example is LeBron James' agent, Rich Paul, who does not have a college degree.)

NBA agent requirements include paying a $2,000 fee, submitting to a background check, and passing a multiple-choice exam covering the collective bargaining agreement and the regulations governing NBA agents. Applications are accepted during a specified period each year; the exam is offered each January in New York City.

To maintain NBA sports agent certification, you must pay an annual fee based on the number of players you represented in the previous season. Agents with fewer than ten clients pay $2,500, while the top NBA sports agents representing at least 20 players pay $7,500. You must also attend a seminar each year for the first three years and negotiate and fulfill a contract between at least one player and an NBA team during a five-year period.
Major League Baseball (MLB)
The MLB agent certification process consists of completing the application form, paying the $2,500 fee, and submitting a copy of your standard representation agreement. You must also undergo a background check and pass an open-book exam that tests your knowledge of MLB rules, the collective bargaining agreement, the drug agreement, and MLB agent regulations. Even after all that, you are not certified until at least one player designates you as his agent within three years of passing the exam.

If you submit your completed application by June 1, you will be able to take the written test in August or September. (The actual exam date is announced each spring.) Maintaining your certification requires paying a $1,500 fee each year.
National Football League (NFL)
The NFL requires its agents to have a bachelor's degree and a graduate degree (either a master's or a law degree) from an accredited university or college. Top NFL sports agents like Drew Rosenhaus and Tom Condon have law degrees. However, exceptions are sometimes made for candidates who have bachelor's degrees and at least seven years of negotiating experience.

You must also pay the $2,500 application fee, consent to a background investigation, attend a two-day seminar in Washington, D.C., and pass an open-book exam. The exam covers the salary cap, collective bargaining agreement, player benefits, NFL agent regulations, and performance-enhancing drugs and substance abuse policies.

Applications must be filed in January. Once you have passed the exam, you must also purchase liability insurance from an NFL-approved provider before you are allowed to recruit or represent any players.

To maintain your certification, you must attend a seminar each year and pay an annual fee that ranges from $1,500 to $2,000, depending on the number of players you represent.
National Hockey League (NHL)
To become an NHL agent, you must fill out an application form and provide details of your educational background and current and past business dealings. To get further information and request application materials, you must contact the players' union in writing. You can do so by emailing agentapplication@nhlpa.com.

5. Complete an internship.

An essential step in learning how to get a job at a sports agency involves looking for internships. These can give you a real-world understanding of how contracts are structured and how the business end of sports works. Plus, completing an internship can boost your odds of landing a more permanent position within the industry. Some agencies recruit exclusively from their internship programs and don't even hire external candidates.

As an intern, you might work in marketing, contracts, public relations, or other areas. On a day-to-day basis, you might:

Track player stats

Develop schedules

Coordinate travel arrangements

Monitor media coverage

Create press kits

Help write scouting reports

Assist with event staging

Positions may be seasonal or available year-round. Some internships come with a small hourly wage, while others are unpaid but offer college credit.

Sports management degree programs frequently include internships, but many agencies accept interns from a range of majors. Typically, interns must be current students, but some positions are open to recent graduates as well.

Don't limit yourself. Apply everywhere and be prepared to take whatever you can get. For instance, if you're hoping to represent basketball players, but you have a chance to be an intern at a baseball agency, go for it. Becoming a sports agent is highly competitive, and any experience you can get will help you in the long run.

6. Build your career.

It can take years to become a sports agent who has the expertise and experience to attract clients, so don't expect instant success. Remember that this job is about cultivating lasting personal relationships with athletes, coaches, journalists, and other industry insiders. Completing an internship is an excellent way to build your professional network. Still, you should always be looking to develop new contacts.

And remember that happy clients are the best form of advertising. Provide excellent service and deliver what you promise. You will have a much greater chance of expanding your client roster.

How Much Do Sports Agents Make?

Bureau of Labor Statistics (BLS), the median sports agent salary was $78,410 in 2021.*

Earnings vary widely in this field. That's because sports agents may charge a percentage of player earnings, a flat fee, an hourly rate, or any combination of those three methods. The general rule is that the more a client earns, the more an agent makes. In North America, the sports that pay the most are typically basketball and baseball, but that can vary.

Some leagues limit agent commissions. For instance, an NFL agent can't charge more than three percent of a player's contract, and an NBA agent's salary is capped at four percent of a player's earnings. (Agents sometimes take a lower percentage. For instance, ESPN reporter Darren Rovell estimates that LeBron James pays his agent 2.85 percent, which amounted to $947,310 in 2018.)

The MLB does not have an official cap on commissions, but the standard agent fee is five percent. MLB rules stipulate that agent fees cannot leave a player with take-home pay less than the league minimum salary.

However, agents can take a greater percentage of athletes' marketing deals-typically anywhere from 10 to 25 percent. And in sports like golf and tennis, where there are no guaranteed salaries, agents only earn commissions on sponsorship and endorsement deals, not on athletes' winnings.

So if they have a long client roster or represent high-profile players, sports agents make good money. The highest paid sports agents make tens of millions of dollars a year. In 2022, Forbes said that the wealthiest sports agent in the U.S. was Scott Boras, who represents dozens of big-name baseball players like Bryce Harper and Max Scherzer. Boras makes over $100 million in commissions.

According to Forbes, some of the other top sports agents that have earned multimillion-dollar commissions include:

Mark Bartelstein (basketball)

Jeff Berry (baseball)

Pat Brisson (hockey)

Casey Close (baseball)

Tom Condon (football)

Todd France (football)

Adam Katz (baseball)

Seth and Sam Levinson (baseball)

Dan Lozano (baseball)

Rich Paul (basketball)

Leon Rose (basketball)

Drew Rosenhaus (football)

Jeff Schwartz (basketball)

Joel Segal (football)

Joel Wolfe (baseball)

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Dream of Becoming a Sports Agent? Here's What to Do

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Want to build lucrative business relationships with pro athletes? Read about six basic steps that can help you learn how to become a sports agent.

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EVALUATE

This source or article is more of a scholarly article because it tells you whats needed for this career field and whats expected if you do decided to become a sports agent.

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RESPOND

I really enjoyed this source but and tells you all that you need ignorer to become a sports agent and it's very clear on what is requires so its a good source of direction incase you not sure about what is needed to become a sports agent and helps to let you know where to start if interested.

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Becoming A Sports Agent: The Duties, Skills, Career Path And Earnings Behind Sport’s Biggest Names

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Becoming A Sports Agent: The Duties, Skills, Career Path And Earnings Behind Sport’s Biggest Names

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DESCRIBE

This article describes to you the certain duties and needed skills that you do as a sports agent. One of the biggest duties as a sports agent is scouting when scouting you look for your next client and with comes with scouting is a background check of your client , wether its family related or past schools etc.

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Michael Ede, Entrepreneur, Football Agent, MD/CEO of Uplift11 Sports Successful sports agents can earn big. , U.K.'s fastest-growing sports management agency. Many Duties In Different Fields
Talent on the field is not enough to build a sterling career; star athletes need star agents behind them to act as promoters, negotiators and advisors. While each competitor is a brand, each agent is a brand manager. You'll need to be a scout, marketer, negotiator, counselor and friend simultaneously-and that's just for one client! A career as a sports agent is challenging, fast-paced, high-pressure and immensely rewarding. If you're a business leader looking to switch careers or you're already in the world of athletics and are considering managing athletes, here's what you should know first.

Sports is big money-especially for the star players. Agents generally work on commission, so the more their clients earn, the more they make. In most international sports, the agents and clients negotiate a rate between 1% and 10%. Some sports associations cap the maximum rates agents can earn, while others do not. For example, FIFA plans to limit earnings to 3% of the player's salary and 10% of the transfer fee starting in 2023.

Like many high-pressure jobs, being a sports agent comes with its share of perks, but it requires tremendous work. Agents perform various tasks to represent their clients in business, legal and PR matters. Everything they do aims at helping the players in their charge advance their careers. Here are a few of the responsibilities an agent will likely need to perform.

* Act as talent scout, marketing manager and press director. Agents often act as scouts and travel to academies, high schools and universities to find up-and-coming players. They need a sharp eye for talent and a thorough understanding of their sport to sign quality players. The press can be challenging to manage, but great agents can market their clients well. This often requires fielding inquiries and arranging interviews. Depending on the client, some agents also monitor or manage social media accounts on behalf of their players.

* Always seek new opportunities. Opportunities live around every corner, and successful agents must seek them out. Even if your client is already at a club, it is your responsibility to find alternatives to help build their career and achieve their goals. Lucrative endorsements await skilled players and the agents who know how to land them.

* Mediate disputes. Agents advise, speak for and negotiate on behalf of their clients whenever they are involved in a disagreement. These disputes can arise between players and the brands that endorse them or even their clubs. As a result, the best agents have strong negotiation skills and an understanding of contract law.

* Become a hard-nosed negotiator. Contracts are legally binding documents; therefore, agents must understand how they work. While they do not need to be solicitors, they must ensure that contracts are appropriately formatted and meet all relevant legal guidelines.
6 Steps To Becoming A Sports Agent
* Listen. As a trusted advisor, your athletes need to rely on you, but many people forget this. Agents must see the person behind the stats and media portrayals. They need to listen to their clients and give the best, most thoughtful advice.
1. Know the sport inside and out.
* Be an organized communicator. The essential skill for a sports agent is communication: Communication and networking can provide alternatives even if an agent's other skills are lacking. Sports agents need to manage their clients' finances, contracts, assets and more. In the fast-paced world of sports, they may need to move quickly from one client's need to another's-an impossible task without organization and communication skills.
2. Consider obtaining legal experience.
While the exact procedure for becoming an agent differs from one association to the next, the general process is relatively uniform worldwide. You can start building the requisite skills early as a fan of the sport. Aspiring agents typically find that, even in associations that require no formal education, knowledge is key-and that takes hard work and dedication.
3. Get a formal education.
In the abstract, an agent's job is to place his clients at the clubs that will pay the most. To do this, you must know how to assess a team's strategic outlook, their current roster's skillset and whether your client can fill an unmet need at the club.
4. Get industry experience.
You don't need a law degree (though many sports agents have them), but you do need to be conversant in all the appropriate terminology and conventions of sports contracts. If you're not a solicitor or lawyer, you can't give legal advice, so you'll be working with qualified professionals during negotiations or in the event of allegations.
5. Obtain a license, certification or registration.
Most sports associations require a bachelor's degree. The typical undergraduate degrees for agents include business management and sports management. Even in associations that do not require formal education, many agents achieve graduate degrees before entering the profession.
6. Get in the game.
Beginning any career is difficult, and being a sports agent is no different. Most agents get their start as interns, either under an experienced independent agent or at an agency. Formal education in the business or legal requirements can help, but nothing can replace on-the-job training and seeing agents in action as an intern.

Each association has its own requirements for registration, and there is almost always a fee, exam and criminal background check. For example, the FA charges £500 ($615) and requires you to pass a "test of good character and reputation." MLB requires a £1600 ($2,000) fee and an exam on the league's many rules and regulations, for which they offer a preparatory course.

Agents need clients. Any lead on a good prospect can be valuable, so use your professional network, browse online job boards, talk to other agents, send your resume to agencies-whatever will get you out there.

Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?

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Council Post: Becoming A Sports Agent: The Duties, Skills, Career Path And Earnings Behind Sport's Biggest Names

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If you're a business leader looking to switch careers or you're already in the world of athletics and are considering managing athletes, here's what you should know.

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EVALUATE

This article is a popular one because it explains to you what the duties are as a sports agent and then any earnings that you can possibly get while doing deals with a client.

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RESPOND

I like the article because it tells you a little snippet of what is to come as a sports agent and then an estimate of some earnings you might get so it kinda shows you what your getting yourself into before you do it.

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How to build a network in the sports business 

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How to build a network in the sports business 

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DESCRIBE

This source helps you with networking and building connections in the sports industry a couple of tips that this article gave me was finding out who to talk to , be curious and interested and provide your contact info before hand. There's more to it but those 3 main points can help you while networking.

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How to build a network in the sports business

Whether you are new to the sports business or have been a part of it for years: In general, for every profession, you should build your own professional network of people working in a the industry or in related roles to your own.

Why do you need a network?
Use external knowledge to gain fresh ideas or get advice on projects
Your network is a deep pool of expertise and knowledge. Whether it's professionals working in the same field as you do or the complete opposite, they can provide you with a fresh perspective on projects, give you advice when you're stuck or even mentor you. While direct discussion of projects is part of smaller groups of peers, for example Mastermind Groups, sharing best practices, challenges they've overcome or tips on software, innovations and trends is a common practice in a regular feed of career-focused Social Media like LinkedIn or Xing.
Raising your reputation
When you attend events or take part in discussions online, it helps you build your standing in your field of work. Even though getting yourself out in the open might be scary at first, sharing your own experience and expertise, as well as developing opinions on professional topics, is becoming more natural the more you practice it.
All in all, this won't only build your personal/professional brand, but also make you more self-confident. Speaking out, sharing knowledge and mentoring people with confidence are all needed Soft Skills for team-leading positions - a plus if you want to evolve your career.

More job opportunities
Your network is a great factor in being considered for a new position in a new company.
Sports Jobs are in great demand, so for almost each role, you will have to compete with other candidates with a similar profile to your own. Especially for well-established brands like adidas, Nike, Vans & co, there might be hundred(s) of others who apply for one position.

Even though you might be the best candidate, in the couple of minutes that a personnel manager needs to evaluate your CV, your application could be overlooked. A well-built network might provide you a second look and a longer moment of consideration through recommendation - or land your CV directly on the table of the head of department instead of going through HR anonymously.

So, let's build a network, shall we? We know exactly how hard this can be at beginning - where do you start? How do you make connections? That's why we wrote this guide that should ease your first steps in building a successful network.

Where do you find your network?

Apart from finding connections in your personal environment, the internet never ceases to create ways for connecting with people. Especially for the professional network, social platforms like Xing and LinkedIn have the main purpose of connecting professionals. There's no getting around setting up a profile in the long run. BUT: We know that - without prior expertise and being a rookie in the sports industry - it might feel a little awkward using social media to contact people you've never met before.

How do you make the acquaintance of business professionals in the „real world"? You could join an online or local expert group (Mastermind) - or visit one of the events dedicated to networking or recruitment which are more anonymous at first. Normally, cities host regular after-work events where professionals from different companies meet for drinks and personal exchange.

Industry-specific, the sports & outdoor business hosts plenty of great events to meet the right people in an environment which is made for connecting.
The most common and definitely a must-attend for everyone interested in sport professions, is the ISPO Munich in the winter and OutDoor by ISPO in the summer which are the two most important events for the European sports industry. It's where the who is who of the sports and outdoor industry come together to network.

Upcoming events to build your network

We'd recommend visiting one of these three events in 2022 to build your network:
OutDoor by ISPO:

What: The most important industry meeting of the year. The event is aimed at business professionals to get an insight into innovations and trends and connect with other people.

When: Jun. 2022, 12 - 14

Where: MOC Messe Munich, Germany

-> More about OutDoor by ISPO 2022 ISPO Munich:

What: The world's leading trade fair for the sports business.

When: Nov. 2022, 28 - 30

Where: Messe München, Germany

-> More about ISPO Munich 2022 Leaders Week London

What: Industry decision makers from across the global sport business ecosystem meet, share knowledge and do business.

When: Sep. 2022, 25-29

Where: London, UK

-> More About Leaders Week London
How to build my network at an event?

You've made it to the event, and you're now ready to meet as many people as possible! That's when you should stop in your tracks right away.

1. Find out who to talk to

It's a general known wisdom that quality is better than quantity. That also applies to networking. Before you just storm off in whichever direction, find out who's at the event and which connections to make. Companies you favour, important recruiters, professionals with expertise in your own field - focus on meeting those.

To find out more about who is attending beforehand, you can either check the event websites which normally contain an exhibitor database with brands. Another way is checking events and groups in Social Media like LinkedIn and Facebook. Please keep in mind that we do not encourage you to learn about specific people beforehand online, but in general get an idea which role a person works in or whether they are involved in projects that you would like to discuss.

2. Be curious and interested

You might want to network to score a job or gain knowledge. If this is your solemn purpose in networking is "gain", you won't come far. Just asking for favours or expecting help will push your connections away. A network relationship, like any relationship, is supposed to be mutual. You might think that you've nothing to offer, but that's not true. Even if you're new in your field, asking people about their own career path or their company and showing genuine interest is also a giving approach. It shows that you value the work they're doing.

Also offering your opinion on relevant topics in a dedicated conversation can be helpful as it provides a fresh perspective on a company or a project (they key is to be constructive of course). Feel free to assume that companies would like to improve their services and products - it's a fact for at least 90% of companies.

3. Provide your contact data

We won't recommend you printing business cards and handing them out. If it's not a striking, unique design, it will probably be lost in the bunch of cards people receive at events and it's also not very sustainable.
Instead, have your phone close by and exchange e-mail-adresses and telephone numbers or straight away connect through a social network. When the event has passed, send them a message appreciating the acquaintance. Maybe even follow up with topics to discuss.

The aftermath: Don't forget to take care of your network

Once you managed to make a few contacts, it's time to do a follow up. If you just let them slip, it's a lost cause. Like in every relationship, even a professional network needs attention and care.

It's essential to stay in touch with the connections you made. It might be on a personal level like having a lunch meeting (in case that you get along on a personal level). A more professional approach would be meeting up at events that you both share an interest in. A simple information like „Hey, I will be at the ISPO in January - and it would be great to meet up".

On the other hand, keep up through Social Networks or E-Mail. Share your own experience in your feed, comment on your network's posts or share interesting content directly in a private message are good ways to keep in touch. Just never forget that the foundation of a business network is professional. Sharing memes might seem like an easy way to connect, but it won't make you a valuable professional contact.

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How to build a network in the sports business - Sportyjob

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Whether you are new to the sports business or have been a part of it for years: In general, for every profession, you should build your own professional network of people working in a the industry or in related roles to your own. Why do you need a network?

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EVALUATE

This article is an scholarly article because it give you tips on how to build network while in the sports business

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RESPOND

For someone trying to get into the sports business or becoming a sports agent and not having the connections or relationships to start on reading this article can help you with both of those problems.

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EVALUATE

This article is a scholarly article while it just gives you details about how much sports agents make in only a page of work but diving deeper down into how they make the money the make

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RESPOND

Yes this source was helpful as it helped me come up with new ideas to find some ways to make more money as a sports agent.

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EVALUATE

This source is more on the popular side of things because it gave me only 8 reasons and a couple pages long so its a popular article

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RESPOND

This source helped a lot about why is it so important to have a agent represent you and it was very easy to follow as I just read through the reasons.

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EVALUATE

its more of a scholarly article because it explains all the ins and out of a sports agent and certain contracts and deals that you will provide for your athlete.

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RESPOND

I liked the source and what it has to provide because it gave me a lot of knowledgable information that I can use anywhere else and be able to provide the information to someone else who may not know what being a sport agent is