Jump to content

Report

  • Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
    Optionally enter a message with your report.

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.



  • Want to join this community?

    We'd love to have you!

    Sign Up
  • TST Partners

    PlayBetter
    TourStriker PlaneMate
    Golfer's Journal
    ShotScope
    The Stack System
    FitForGolf
    FlightScope Mevo
    Direct: Mevo, Mevo+, and Pro Package.

    Coupon Codes (save 10-20%): "IACAS" for Mevo/Stack/FitForGolf, "IACASPLUS" for Mevo+/Pro Package, and "THESANDTRAP" for ShotScope. 15% off TourStriker (no code).
  • Posts

    • 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.
    • Day 1: After a long practice layoff due to injury, vacation, winter darkness, and work stuff, I'm trying to start back up again. Today I just hit balls with keys from my lesson 6-ish weeks ago; neutral grip and centered turn. Gonna work with that for a few weeks, see how it goes, and then get a lesson scheduled.
    • It’s not live on free to air tv in the UK, and hasn’t been since 1995. ( I pay a subscription to Sky for generally good golf coverage). There are limited highlights on the BBC for some golf events, but that’s it. Are other/all PGA events on NBC?  Allowing ticket scalping is a systemic failure across sports and showbiz, which could be legislated against, but in the UK is not in any meaningful way. I don’t know much about the secondary market in the US or anti scalping measures.  Charging more to keep prices down is an interesting concept, in practice no doubt you are right even if It sounds a bit Catch 22  Do you think sports tickets and broadcast rights  should be sold on a purely capitalist basis, or is there an argument to say that some sports might benefit more from wider exposure and affordable access. ( golf in the US is apparently not one of these if tickets sold out at those prices so quickly)  Fans might benefit from cheaper tickets and in the UK at least, TV coverage that reaches a wider audience.     
×
×
  • Create New...

Important Information

Welcome to TST! Signing up is free, and you'll see fewer ads and can talk with fellow golf enthusiasts! By using TST, you agree to our Terms of Use, our Privacy Policy, and our Guidelines.

The popup will be closed in 10 seconds...