Projected Profit: $10,000 per tournament
There's a lot of money to be made in sports tournaments. This area gives great ways to make a lot of money. One of those ways is hosting a tournament, namely a dodgeball tournament.
Things You Need
- Trophy
- Shirts for the winning teams
- Location to play
- Advertising contacts
- Dodgeball equipment
- $1000
Use the $1000 to buy the trophy, winning team's shirts, and equipment. Any extra can be used in advertising. The more advertising you do for this event, the more teams that will sign up. You can charge an entrance fee to the game, but keep the price low. As this is not a well known tournament, people won't come if the price is set too high.
Go around to local companies and see if they'll pay you for advertisements. Tell them you'll tie up a banner, announce their company, place their logo in a great spot, etc. You can also invite vendors to sell their product at these games. Charge a vendor $100-$400, depending on the expected number of visitors. ach team $300 dollars to sign up, and be sure to mention it's non-refundable. Also
Each team pays $300 to sign up, and be sure to mention it's non-refundable. You can expect 30-40 signups in a well-advertised tournament, so the payout would be around $10,000. You would have to pay for rental space, referees, and other costs but these will be easily covered by ticket sales, vendor sign-ups, and company advertisements. It won't make you rich, but you'll be wealthier!
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