How much should I charge to host a golf event?
May 23, 2019 · Are you worried about how much it costs to host a golf tournament? What you should really be thinking about is how much money you can raise. Consider this statistic: “There were over 12 million participants last year in charitable tournaments with …
How much does it cost to play on the PGA Tour?
How much does it cost to host a PGA Tour event? Sponsoring a regular PGA Tour event costs in the neighborhood of $7 million per year. That money covers a portion of the purse, a television advertising commitment, a fee to the PGA Tour and to the tournament.
How to plan a successful golf event budget?
Aug 25, 2017 · This is not to be applied when hosting a Pro-Am or Celebrity – Am. You can charge a lot more with these type events because you are offering more value. Registration Fee Formula Take your expense per golfer and charge a little more. Example; green fees $75, food $25 and gifts $25, your total cost per golfer is $125.
Why do Golfers pay entry fees for tournaments?
A golf tournament planning template for you to use. One important reminder is to account for all your projected expenses before you set your costs for playing or sponsoring your golf event budget . This will help you achieve your financial objectives.
How long does it take to run a golf tournament?
A successful golf tournament can take upwards 300 hours to plan, organize and execute. Using an online registration platform minimizes the amount of time needed to attend to the administrative tasks associated with planning a tournament which will free up time to focus on increasing revenue.
What is tournament sponsorship?
Tournament sponsorship can be an immense source of revenue, if done effectively. Sponsors are often the first line of publicity for your event, so it is important to choose wisely. A great idea is to provide sponsorship opportunities at differing price points to maximize participation and increase profits. Some sponsorship ideas include:
What are the conditions of a golf course?
Good conditions – Make sure that the golf course is in good shape. Good customer service – Friendly atmosphere and treated well. Good food and drinks – Not another burnt hot dog, treat them to good food. Something special – Maybe a highly ranked property or Private Country Club.
What is trading for?
Trading can be a very valuable tool. It allows you to get the items you need without spending real money. Trade for as many things as you can, but make sure the item you want is more valuable than the hard cost of the item you are trading. Do not trade for things that cost you money: Green fees, lunch and gift packages. Trade for sponsorships and exposure only.
Do golfers have money to spend?
In general, golfers have money to spend, so if you provide the opportunities, they will! The added value also creates a memorable experience, and the participants will be more likely to join your event year after year. Here are some fun ideas to add to your next tournament.
PGA Tour
A PGA Tour player who’s exempt from qualifying doesn’t have to pay entry fees for tour events. He does pay a $100 initiation fee, then $100 in annual dues. The only expense he must pay to play in a tournament is a mandatory $50 locker room fee.
LPGA Futures Tour
The LPGA Futures Tour -- a developmental circuit for the LPGA Tour -- charges all golfers a $500 entry fee for each tournament. To play in a qualifying tournament, Futures Tour members pay $200, amateurs invited by the tournament sponsor pay $230, and non-LPGA players pay $500.
NGA Tour Pro Series
The largest of the mini-tours in the United States, the NGA Tour Pro Series, includes four separate tours. The NGA Carolina Summer Series charges a membership fee of $750. For individual tournaments, members pay $600 while nonmembers pay $800.
