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Who to Ride With, Where to Ride
Tuf Racing indoor track...
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[QUOTE="karterron, post: 553858, member: 29122"] Thanks Nikki I understand the upfront costs. I raced a few of the amatuer days years ago after the Supercross events. The fee's were nuts for the amount of laps you actually got. Being a businessman myself though and knowing the upfront costs you would be wise to fill the place up. If you are only going to draw the diehards at $30 you are severely limiting your return. For instance 20 diehards at $30 nets you $600. If you drop the price to $20 you would need 10 more riders to come. Would 10 more come for that drop in price? It's about maximizing revenue. 40 riders at $20 is better than 20 at $30 and so on. Remember your upfront cost does not change. When you spend 500k on any new business you want to maximize your revenue and the way to do that is to get the most people or widgets you make sold. Now maybe they have done that already and feel that at $30 they will fill the place up. If that is true and they have big turnouts they are doing exactly what they should do. However, if the turnouts are low they will have to get them up. Remember that upfront cost has nothing to do with revenue. Maximum revenue is the goal of any business, regardless of what the startup cost is. [/QUOTE]
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