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Should i buy a player or add to my arena

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172750.6 in reply to 172750.5
Date: 1/28/2011 1:34:20 PM
Overall Posts Rated:
8989
Looking at your set prices for February, you're going to sell out every game. And lose money from prices set too low when they could be higher. Seeing the rest of your league 10 dollar Bleachers will likely completely sell out and 9 dollar ones definitely will. Why set them to 7? 25 dollar Lower Tier seat prices is criminal. Again, you'll sell them all, but you'll also sell them all at 30 and probably 35. You're completely selling your Courtside seats as they are. Why are you lowering prices there? Luxury Boxes are probably the most sane change here, but are probably better off set at 900 instead.

I'm sure you'll sell all your current seats at the price you've set. And you'll make 61,600 a home game doing it. Yeah, that's 9000 more than you made in your last home game, but that's not much more money really when you *could* be making 82,775 at the prices I recommended.

This Post:
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172750.8 in reply to 172750.5
Date: 1/28/2011 4:37:38 PM
Overall Posts Rated:
11
You should NEVER sell out your arena. 90ish % is optimal.

Think about it this way: assume that lowering the price will sell out your arena, but it will also decrease the return on every seat that you are normally selling.

So, if you normally sell 3700 out of 4000 bleacher seats at $10, and you drop the price $1. You lose $3700 ($1 x 3700 seats) and gain $2700 ($9 x 300 new seats) for a net loss of $1000.

This Post:
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172750.9 in reply to 172750.3
Date: 1/28/2011 7:36:25 PM
Overall Posts Rated:
7676
Thanks, i'll take your advice and set those prices as what you said, thanks all.