Show me the Money
the income a company makes from an attendance event
What are ticket sales?
they protects team names and logos
What are trademarks
Ticket sales, merchandise, sponsorships, concessions, advertising, and broadcasting rights.
What is the main income for sports or events?
Major sporting events help local economies by bringing outside visitors into the city.
What is tourism?
This budget ensures the event is well-promoted through different social media to grow attendance.
What are marketing and advertising costs?
Reducing things that can destroy the brands reputation
What is Risk Management?
Money a community gains from a sporting event
What is the multiplier effect?
Economic benefits boost short-term employment opportunities.
What are temporary jobs?
The people needed to manage the crowds and keep the venue safe.
What is staffing and security?
A formal agreements required for athlete endorsements, venue rentals, and vendor partnerships.
What is a contract?
the amount of money, time, or resources needed to buy, do, or make something
What are costs?
According to this economic principle, ticket prices will typically rise when the public interest and desire for an event are exceptionally high
What is supply and demand?
This covers financial protection to guard against injuries, accidents, or last minute cancellations
What is insurance?
This type of law makes sure that event advertising is truthful, non-misleading and fair to ticket buyers.
What are consumer protection laws?
participants may be required to sign these documents to protect the organization from injury lawsuits.
What are liability waivers?
jerseys, apparel, souvenirs, and equipment
What is merchandise sales?
this is used to measure the amount of profit
What is return on investment (ROI)?
legal protections that prevent music, videos, and promotional things from being copied without permission.
What is copyright?
The process of creating a plan to track your income and expenses over a specific period of time
What is budgeting?
This negative market condition typically reduces consumer spending on tickets and merchandise.
What is an economic recession?