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  • Posts

    • Wordle 1,265 4/6* 🟦🟦⬛⬛⬛ ⬛🟧⬛🟦🟦 ⬛🟧🟦🟦🟦 🟧🟧🟧🟧🟧 Everyone birdied yesterday but me! 
    • Wordle 1,265 4/6* ⬜⬜⬜🟨🟨 🟨🟨🟨⬜⬜ 🟨🟨⬜🟨🟨 🟩🟩🟩🟩🟩
    • Day 324 - Partial swings working to full swings, focusing on a full finish. 
    • I'm still not sure why you think lower ticket prices should encourage free to view, particularly for a Ryder Cup in the U.S. where it's broadcast on NBC, which is free to us here. The U.S. PGA reaps the benefits of a U.S. Ryder Cup. The European Tour reaps the benefits of a Euro Ryder Cup. You're missing the point. You misunderstood. Oh man. They sold out. It's as wide an exposure as they wanted to get. Given the limited quantity of tickets, your best plan to maximize profits is to sell them for the highest price. Let's say they wanted to sell 50k tickets a day. If you price the tickets at $1,000,000, the market size might be 20 people, so you might sell ten to some super-wealthy golf fan. That's $10M/day. If you price the tickets at $1, the market size is maybe 2 million people, so you'll definitely sell all 50k tickets. You'll make $50,000. If you price the tickets at, I dunno, let's say $750, your market size might be 51,000, or 75,000… but either way, you still sell all 50k tickets. You make $37,500,000. If you price the tickets at $1,000, the market size might only be 35,000. So you'd make $35,000,000. Let's say you attended the Beastie School of Economics, and you sell the tickets for $200. You sell all 50k, making a profit of $10,000,000. You're leaving $27,500,000 on the table, and the secondary market ticket resellers probably bought up all the tickets, sensing value. Simple stuff here, really. The only trick is getting the price right. Price it too high, and you won't sell out. Price it too low, and you left money on the table (which secondary market ticket resellers will sop up). I suggest re-reading the first post and this post.
    • Day 140: did a stack session.
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