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The challenge of earning substantial income in boxing is significant, as only a few out of ten thousand boxers make millions of dollars. However, this doesn't mean it's impossible to earn big money in boxing. To achieve this, you'll need more than just in-ring skills.
Average professional fighters can make between $22,000 and $51,370 a year, but those earnings can be reduced as they don't include travel, health, training, and management expenses that the boxer himself usually covers. Related: Do UFC fighters have to take drug tests?
Beginning your boxing career usually requires training for several years, practicing with peers in a gym or club setting, and obtaining any state licensing, once you're ready to compete professionally.
Boxing isn't a ?winner takes all" sport, and so the boxer receives his or her negotiated purse (salary) whether they win or lose. If they are a major performer, they can also receive a percentage of the pay-per-view receipts, although this is becoming very uncommon.
You have to register with one of the four professional boxing organizations (WBA, WBC, WBO, or IBF). The process is usually very similar to that of amateur licensure. You must get a professional boxing license to become a professional boxer, and there is no way around this step.