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Mr Juan

Joined: 02/17/2017 Posts: 2245
Likes: 1133


An endorsement deal would work like any professional athlete, but I think


the majority of these kids aren't going to be signing deals with Nike or even their local car dealerships.

They will either:
A) Go the Ahlers route and start a lifestyle brand as a way to bring in extra loot (which is taxable like any other business)
B) (per your social media question) they can develop a large following on their social media platform and be paid to plug products. Yes, they'd get a 1099 if we're talking anything over $600, but most of these things are more like "post about our kayak rental place and we'll give you $100" type of scenarios.
C) (The easiest path in my opinion) start a Patreon page. People can subscribe at various giving levels for access to videos, Q&As, whatever. As I said in an earlier post, they can post pictures of their dog once a week if they want. It's just a way for donors to be able to send money over to a student athlete that's "not for football"(wink).

(In response to this post by printem)

Posted: 07/01/2021 at 3:17PM



+1

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Current Thread:
  If they have to pay taxes, is it racism? ** -- Send In The Clowns 07/01/2021 3:53PM
  That’s stop begging ism ** -- Bristol 32 07/01/2021 7:51PM
  No such thing as "fair share" with our tax code. ** -- TheDriver 07/01/2021 5:04PM
  They should have to pay taxes -- Paleales 07/01/2021 3:24PM
  What could possibly go wrong with this? -- Rational Pirate 07/01/2021 3:18PM
  Holton Ahlers -- Send In The Clowns 07/01/2021 3:57PM
  Yep ** -- Mr Juan 07/01/2021 5:05PM
  More importantly can they join the Pirate club? ** -- ultraviolet 07/01/2021 3:01PM
  Technically the PC already sponsors ECU athletes. ** -- ECPirate89 07/01/2021 4:04PM
  NIL will…. -- LJSilver 07/01/2021 2:00PM
  99.9% of these kids are gonna sorely disappointed. -- Bristol 32 07/01/2021 1:55PM

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