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Published byLambert White Modified over 9 years ago
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REVENUE GENERATION WORKSHOP
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OBJECTIVE Podium results Athlete development
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WHAT DOES IT TAKE?
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The Best Form of Marketing is…
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WHAT DOES IT TAKE?
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DOUBLE YOUR REVENUES ‘Make our sport a Choice Among Fans’ ‘Win More medals’ ‘Establish long term athlete development model’ Develop a ‘Strategy at all levels of our sport’ Break Records Make our ‘Sport’ more relevant
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HOW TO WIN THE BUSINESS 1. Recruit the Best People in the industry. 2. Train and educate the sales and marketing people extensively. 3. Have a game plan. 4. Define $$$$ as the Goal. 5. Give Stakeholders what they want. 6. Have an action plan, with realistic timelines. 7. Understand competition, employ best practices.
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FOCUS ON WINNING THE BUSINESS (NOT EXCUSES) 1. Don’t Blame the Sport 2. Don’t Blame the Athletes 3. Don’t Blame the Funding BE PROACTIVE…
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REVENUES 1. Sport Canada 2. Sponsorship 3. Memberships 4. Events/Hosting
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REVENUE GENERATION FORMULA STAKEHOLDERS SELL DELIVER SERVICE
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SPONSORS 1. To Make Money (ROI, Traffic, Activation, Awareness) 2. To Reward My Customers (see #1) 3. To Appreciate My Employees (see #1) 4. To Support Good Causes (see #1)
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KEYS TO SPONSORSHIP Mood of the Fan/Participants Benefits vs. Features Remove Bureaucracy Provide Access Return on investment Grassroots activations
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INNOVATION
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INCREASE YOUR MEMBERSHIP ‘Health and Fitness’ ‘Quality Time’ ‘Fun’ ‘Sense of Community’ ‘Charity’
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KEYS TO MEMBERSHIP Provide Superior Value Member-Friendly Brand
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INNOVATION Season-Ticket Mentality
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NEEDLE IN A HAYSTACK
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4 C’S 1. CAPTURE 2. CATEGORIZE 3. CARE 4. CALL
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EVENT REVENUES Fun Cool Value Rewards Quality Time Kids Charity Dream
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BUSINESS MENTALITY 1. STOP PLANNING 2. INSTILL ‘REVENUE URGENCY’ 3. TAKE STAKEHOLDERS VIEWPOINT 4. R&D 5. SELL 6. DELIVER 7. SERVICE
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ACTION PLAN Set Priorities Delegate Responsibility Set Timelines Measure Results Implement
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COSMOS SPORTS RECRUITMENT EDUCATION BRANDING INNOVATION IMPLEMENTATION
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