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Arena prices help

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144188.5 in reply to 144188.4
Date: 5/17/2010 11:25:17 PM
Overall Posts Rated:
11
Ya when I set it at $5 I did not realize how damaging that would be to my ticket revenue. For some reason I just wanted to sell out the stadium regardless of the money, but I am glad the time for changing ticket prices are coming out because I will be making alot more with the changes.

From: Scipio

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144188.6 in reply to 144188.5
Date: 5/18/2010 8:16:13 AM
Overall Posts Rated:
1313
I have a question for yo fella`s about arena prices.

My Courtside seats and luxury boxes have sold out every single week of this season ( I have gradually been adding more). My courtside seats are set at $100 and luxury boxes are set at $800. Because they always sell out I would like to raise them in the upcoming change.

My question is what should I raise them too? I have read in this thread that a 10% rise is good. Do you think that 10% would be good for me?

This Post:
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144188.7 in reply to 144188.6
Date: 5/18/2010 9:18:47 AM
Brigada Diverse
RBBA
Overall Posts Rated:
6666
Second Team:
All-Starters
I think that would be a good assumption for your arena too but I'm a little hesitant because you have so few seats.
Have you raised the price this season or is the current price the same for the hole season?
You should be careful with the position you hold in your league because as i can see you have a very balanced league.Loosing 2-3 balls in the Fan Survey you may lose some of your seats even in you higher priced places(Courtside/Luxury).
But 10% usually pays off pretty nicely and even if you don't fill up all the seats you will not lose many and you will be compensated by the higher price.

This Post:
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144188.8 in reply to 144188.7
Date: 5/18/2010 9:24:08 AM
Overall Posts Rated:
1313
Thanks for the reply.

My ticket prices are the same as the start of the season. I was reluctant to raise my pices because of the very reason you pointed out. All the teams in my league seem to be pretty well balanced and a couple of losses would see a spiral down the league meaning less fans.

I think I`ll go for the small price increase and take my chances.

From: zyler

This Post:
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144188.9 in reply to 144188.8
Date: 5/18/2010 9:55:28 AM
Overall Posts Rated:
217217
nothing ventured nothing gained.
go for it.