Been dropping down by one everyday, still haven't sold 1 season ticket. (Not that I am in a hurry) Just wondering where the sweet price is to get a few sales? Anyone willing to share?
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Novus
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Originally posted by Phantom Of The Opera
Been dropping down by one everyday, still haven't sold 1 season ticket. (Not that I am in a hurry) Just wondering where the sweet price is to get a few sales? Anyone willing to share?
This team, correct?
http://goallineblitz.com/game/stadium.pl?team_id=376
You are WAY over-priced. Just looking at your 100-Level Sideline tickets alone, looks like you have it priced at 140% of the expected price.
You have to keep in mind, the maximum ticket price if your Fan Support is maxed out at 100/100/100 is 150%. Your Rookie team's Fan Support should be at 30/10/0 right now... nowhere near 100/100/100.
You should definitely read through Reddogrw's finance guide here:
http://goallineblitz.com/game/forum_thread.pl?thread_id=4448226
For a 30/10/0 team, he suggests taking the Club seats up to 125% of the expected price, and all other seats up to 114% of the expected price. Try that tonight and see what happens.
Been dropping down by one everyday, still haven't sold 1 season ticket. (Not that I am in a hurry) Just wondering where the sweet price is to get a few sales? Anyone willing to share?
This team, correct?
http://goallineblitz.com/game/stadium.pl?team_id=376
You are WAY over-priced. Just looking at your 100-Level Sideline tickets alone, looks like you have it priced at 140% of the expected price.
You have to keep in mind, the maximum ticket price if your Fan Support is maxed out at 100/100/100 is 150%. Your Rookie team's Fan Support should be at 30/10/0 right now... nowhere near 100/100/100.
You should definitely read through Reddogrw's finance guide here:
http://goallineblitz.com/game/forum_thread.pl?thread_id=4448226
For a 30/10/0 team, he suggests taking the Club seats up to 125% of the expected price, and all other seats up to 114% of the expected price. Try that tonight and see what happens.
Phantom Of The Opera
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yes, that is the team. I shall try just above that tonight. Thanks Novus.
Edited by Phantom Of The Opera on Mar 28, 2013 05:49:23
Phantom Of The Opera
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Alright I have adjusted prices slightly higher then Reddogrw's guide. See if anything sells tonight, then inch down from here.
Originally posted by Phantom Of The Opera
Alright I have adjusted prices slightly higher then Reddogrw's guide. See if anything sells tonight, then inch down from here.
You should be able to sell a little above the guide but you also need to watch to make sure you sell enough volume to sell out game 1
Alright I have adjusted prices slightly higher then Reddogrw's guide. See if anything sells tonight, then inch down from here.
You should be able to sell a little above the guide but you also need to watch to make sure you sell enough volume to sell out game 1
frogs did same thing, adjusted like red said and we are selling good now , thanks red 
Phantom Of The Opera
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Yeah, just want to maximize profits. I am watching it carefully. Thanks reddogrw. 
alindyl
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Tickets will sell at 118% (should sell around 3488 tickets per night) But as mentioned you won't sell out game one in time.
Since your first game is an away game you will have a couple extra days to sell tickets, so you have some leeway to play with the pricing that works for you. Our team sold at 118 the first couple nights and i'll be stepping it down to make sure the games sell in time. This helps maximize the return you get.
If you really want to put in the effort to track sales (which i recommend personally for anyone new or that wants to learn how ticket sales really work) you might want to set up a spreadsheet or just keep track on paper the number of tickets you sell each night and where they are selling.
Here's a copy of what i use. It's not pretty but its organized the way i like it. I labeled the sections so that it's clear what each section is.
https://docs.google.com/spreadsheet/ccc?key=0AoODEuYeUBrBdHZrdjlQYUlGbGpCWTQyZGkxbEVpS2c#gid=1
Only info you need to manually type in is the total number of seats you have in your stadium in the upper right. I just copy and paste the tickets sold from the finance page into each (nightly sales) section and copy/paste the formula block after to get the results. The only trick to this is you have to make sure the data is entered in the correct position each time, so spacing is critical. And the formula's change after the first block so don't copy and paste the first couple, as you'll get weird results because it's looking at different rows.
Since your first game is an away game you will have a couple extra days to sell tickets, so you have some leeway to play with the pricing that works for you. Our team sold at 118 the first couple nights and i'll be stepping it down to make sure the games sell in time. This helps maximize the return you get.
If you really want to put in the effort to track sales (which i recommend personally for anyone new or that wants to learn how ticket sales really work) you might want to set up a spreadsheet or just keep track on paper the number of tickets you sell each night and where they are selling.
Here's a copy of what i use. It's not pretty but its organized the way i like it. I labeled the sections so that it's clear what each section is.
https://docs.google.com/spreadsheet/ccc?key=0AoODEuYeUBrBdHZrdjlQYUlGbGpCWTQyZGkxbEVpS2c#gid=1
Only info you need to manually type in is the total number of seats you have in your stadium in the upper right. I just copy and paste the tickets sold from the finance page into each (nightly sales) section and copy/paste the formula block after to get the results. The only trick to this is you have to make sure the data is entered in the correct position each time, so spacing is critical. And the formula's change after the first block so don't copy and paste the first couple, as you'll get weird results because it's looking at different rows.
Novus
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Originally posted by skip-dmp
We started at 120% and barely sold any. Lowered prices a bit and they are selling now. So 118% is the sweet spot?
It's not just a matter of selling, though... it's a matter of selling fast enough to sell all your tickets.
If you're selling 100 tickets a day, technically you're "selling." However, you're going to leave unsold tickets on the table, because you won't have them all sold by the time game-day rolls around.
We started at 120% and barely sold any. Lowered prices a bit and they are selling now. So 118% is the sweet spot?
It's not just a matter of selling, though... it's a matter of selling fast enough to sell all your tickets.
If you're selling 100 tickets a day, technically you're "selling." However, you're going to leave unsold tickets on the table, because you won't have them all sold by the time game-day rolls around.
alindyl
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Originally posted by skip-dmp
We started at 120% and barely sold any. Lowered prices a bit and they are selling now. So 118% is the sweet spot?
No it's not a sweet spot. It's a value that was selling. As novus said it's not just that they sell. You need to sell out your 1st home game by the night before.
The spreadsheet i linked above, you should be able to copy and paste it into your own and use it to find out the rate tickets are selling by section and by day. With that information you can find out whether or not you are likely to sell out in time at a certain price.
118%, you will not sell out by day 3 (in your case) if you have not had any ticket sales yet. at 118% expect to sell 3488 tickets a night among your first 6 home games. And as i mentioned, there is a pattern to how tickets sell assuming all prices are set to the same multiplier.
Use a copy of my spreadsheet and it will be quite apparent after a week how tickets tend to sell.
If you want to make sure you sell out, and don't want to learn how it works- set it to 113 tonight. You will likely sell out in time. This will not be the optimal value, but it will work.
We started at 120% and barely sold any. Lowered prices a bit and they are selling now. So 118% is the sweet spot?
No it's not a sweet spot. It's a value that was selling. As novus said it's not just that they sell. You need to sell out your 1st home game by the night before.
The spreadsheet i linked above, you should be able to copy and paste it into your own and use it to find out the rate tickets are selling by section and by day. With that information you can find out whether or not you are likely to sell out in time at a certain price.
118%, you will not sell out by day 3 (in your case) if you have not had any ticket sales yet. at 118% expect to sell 3488 tickets a night among your first 6 home games. And as i mentioned, there is a pattern to how tickets sell assuming all prices are set to the same multiplier.
Use a copy of my spreadsheet and it will be quite apparent after a week how tickets tend to sell.
If you want to make sure you sell out, and don't want to learn how it works- set it to 113 tonight. You will likely sell out in time. This will not be the optimal value, but it will work.
Edited by alindyl on Mar 28, 2013 14:55:54
Novus
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Something to keep in mind... an empty seat hits you two ways: no ticket revenue for that seat, but also no CONCESSION revenue for that seat.
I think people sometimes are afraid of selling their tickets too cheaply, but they lose sight of the fact that the money they lose by under-pricing a ticket is usually still less than the money they'll lose out on by not selling that ticket at all.
Better to have your ticket prices be too low than too high, in my opinion. If you're going to err, err on the side of pricing too low, and then push prices up over time.
I think people sometimes are afraid of selling their tickets too cheaply, but they lose sight of the fact that the money they lose by under-pricing a ticket is usually still less than the money they'll lose out on by not selling that ticket at all.
Better to have your ticket prices be too low than too high, in my opinion. If you're going to err, err on the side of pricing too low, and then push prices up over time.
Edited by Novus on Mar 28, 2013 15:10:06
alindyl
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Only problem with pricing them low is that it leaves no room to make it up, especially if you went too far and sell way too many tickets. Once the tickets are sold, you can't make it back up by raising the prices usually since the more expensive seats sell out first.
I agree people screw up their ticket pricing, but it's more a case of not putting the time into understanding them.
For example, assuming all prices are set to the same multiplier, for the sake of argument- 120%, and tickets sell, they will sell the same general pattern. The selling pattern (look at your finance page) tends to be club/suites and then as a wave starting at home game 1 100 sideline, and sells down toward the game 6/8 (whatever seats you have furthest to the right) as time goes on.
Early on, started doing this in season 9, i created the spreadsheet to make up for the lack of historical and nightly data from the finance page. Since it only gave totals, i used it to tell me nightly totals. From there patterns emerged that made it clear how ticket sales work and how to make the most out of them.
This is the reason that while many people are excited to have season ticket sales, i'm hoping for none. If i get too many tickets sold too early it means i had my prices set too low. But it's preference.
There is nothing "bad" with selling well early. Especially in an uncertain season (or one where you know you will get hammered). But in a good season, selling too soon cuts down on your future profits. But since i keep track of how many tickets i sell each night, i know whether i will sell out in time or not.
For people that don't have time to copy and paste 2 things into a spreadsheet in a day, then they should set them to just sell out quickly and forget about it. I make my spreadsheet available to whoever wants it in case there are cfo's who need the assistance.
Just wish i knew more about coding or i'd see if it could be made into a greasemonkey script. Though i think it would be unlikely since it would have to store nightly data to keep track and i don't think you can do that very well with GM, from what i understand.
I agree people screw up their ticket pricing, but it's more a case of not putting the time into understanding them.
For example, assuming all prices are set to the same multiplier, for the sake of argument- 120%, and tickets sell, they will sell the same general pattern. The selling pattern (look at your finance page) tends to be club/suites and then as a wave starting at home game 1 100 sideline, and sells down toward the game 6/8 (whatever seats you have furthest to the right) as time goes on.
Early on, started doing this in season 9, i created the spreadsheet to make up for the lack of historical and nightly data from the finance page. Since it only gave totals, i used it to tell me nightly totals. From there patterns emerged that made it clear how ticket sales work and how to make the most out of them.
This is the reason that while many people are excited to have season ticket sales, i'm hoping for none. If i get too many tickets sold too early it means i had my prices set too low. But it's preference.
There is nothing "bad" with selling well early. Especially in an uncertain season (or one where you know you will get hammered). But in a good season, selling too soon cuts down on your future profits. But since i keep track of how many tickets i sell each night, i know whether i will sell out in time or not.
For people that don't have time to copy and paste 2 things into a spreadsheet in a day, then they should set them to just sell out quickly and forget about it. I make my spreadsheet available to whoever wants it in case there are cfo's who need the assistance.
Just wish i knew more about coding or i'd see if it could be made into a greasemonkey script. Though i think it would be unlikely since it would have to store nightly data to keep track and i don't think you can do that very well with GM, from what i understand.
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