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arena price increase vs expansion

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From: shikago

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186480.21 in reply to 186480.20
Date: 6/4/2011 3:58:51 AM
Milwaukee Lethargy
II.3
Overall Posts Rated:
849849
Second Team:
Miłwaukee Lethargy
I pretty much did that (small arena, high prices). It worked out really well to be honest. Especially in lower divisions.

Even when i got to DII, it wasn't that big an issue. Sure other teams had *huge* arenas. (some over 2 1/2 times bigger than mine). Yet, with proper pricing, I still manage to get around the league averages in attendance revenue.

From: GM-hrudey

This Post:
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186480.23 in reply to 186480.16
Date: 6/4/2011 12:01:23 PM
Overall Posts Rated:
32293229
^of course you are making more...you have 3k more seats. if you take away the 3 k seats, we are generally making the same or i might be higher. Do the math. But the difference is you invested a lot more money in your arena than I did, which leads back to my original problem which you dont seem to understand.


The other way of looking at it is: are you ever going to expand the seats? If so, whether you do it now or in five seasons, you're out the same amount of money, but the sooner you do it, the more benefit you get from your investment. Of course, expanding well beyond your capacity to fill the seats would be absurd, and sometimes you may need the money more in the short term.

From: Bauss

This Post:
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186480.24 in reply to 186480.23
Date: 6/4/2011 12:48:16 PM
Overall Posts Rated:
1717
Time value of money and opportunity cost. nuff said.

What it means is that the money you dont use to build arenas in the short term can be used to buy better players and promote sooner(which in turn would give you more revenue in every category).

From: Bauss

This Post:
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186480.26 in reply to 186480.25
Date: 6/4/2011 1:24:17 PM
Overall Posts Rated:
1717
i agree as a BB manager.

From: Stu

This Post:
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186480.28 in reply to 186480.27
Date: 6/4/2011 4:10:54 PM
Overall Posts Rated:
77
You also have to take into account that you can only change prices 3 times a season vs adding seats. So if you're at capacity now and want more $$ you can either increase your price and wait for the ticket changes or you can pay to add seats.


Personally I think a small bump in capacity with the idea of bumping ticket prices makes more sense than doing either by itself. But you have to know what your attendance hits and gains should be roughly.

This Post:
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186480.29 in reply to 186480.24
Date: 6/4/2011 10:31:13 PM
Overall Posts Rated:
459459
If you have your prices maxed and you promote, how exactly do you expect to earn more in ticket revenue? You will get a bump in TV money and perhaps more in merch, but you don't get more money for having the same maxed prices in the same tiny arena. Promotion brings with it an increase in fan base. If you don't have seats for more butts, you stand to lose a lot of cash.

In lower levels, managing games shape, enthusiasm, and tactics can help you win just as much as having better players. Building your arena is the single most important facet of this game for the young team. A team with a 5000 seat arena will find it very difficult to compete financially with a team with a 10000 seat arena in the long run.


Once I scored a basket that still makes me laugh.
This Post:
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186480.30 in reply to 186480.29
Date: 6/4/2011 11:17:26 PM
Overall Posts Rated:
1717
because its going to take a long time to max your prices.

From: CrazyEye

This Post:
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186480.31 in reply to 186480.30
Date: 6/7/2011 7:50:00 AM
Overall Posts Rated:
959959
and that it earned more money from the begin on, and lot of the early investment brings you in an economical better position after two seasons.
And if you upgrade your arena in small steps, you ain't even in an big disadvantage short term to your opponents.

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