OPA Cancels Bimini Race
03-16-2018, 10:31 PM
#31
I have a passion for the sport, and yes, I have raced. But somebody who is active in the sport "shouldn't" automatically qualify as the best guy to make it happen, as a person with an understanding of how to market, promote and generate excitement is what is needed. (if thats where your Q came from)....and that is what I see as part of the issue. A great boat mechanic doesn't necessarily make the best boat dealer - two separate roles.
03-17-2018, 11:21 AM
#33
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I'm not interested in delivering a full education on this subject, but if structured properly, It is designed to have "sponsors" and entry fee's and etc....a racer DOES NOT make money in this sport.....this isn't NASCAR, and never will be. The sponsors and racers don't/shouldnt look for an overnight return, they do it for the sport, for Branding and long term. Think Geico, Home Depot, Stihl, Etc... It's ONLY difficult if you make it that way.
Done right, racers pay entry fee, they win money and prize, and its all over TV, and etc....
Done right, racers pay entry fee, they win money and prize, and its all over TV, and etc....
How do YOU suppose you get sponsors into a sport with NO captive audience and a limited fan base(at best)? Please explain.
I know why GEICO and STIHL(personal corporate connections) were in the sport and GEICO seems to be the only one able to capitalize on the investment through boat shows and lead generation from those. But I seemed to miss any other major(or even mediocre) sponsors jumping at the opportunity.
I defer to you on how, exactly, you think it should happen.
03-17-2018, 11:40 AM
#34
I'm not interested in delivering a full education on this subject, but if structured properly, It is designed to have "sponsors" and entry fee's and etc....a racer DOES NOT make money in this sport.....this isn't NASCAR, and never will be. The sponsors and racers don't/shouldnt look for an overnight return, they do it for the sport, for Branding and long term. Think Geico, Home Depot, Stihl, Etc... It's ONLY difficult if you make it that way.
Done right, racers pay entry fee, they win money and prize, and its all over TV, and etc....
Done right, racers pay entry fee, they win money and prize, and its all over TV, and etc....
Geico has been the exception to the typical sponsorship role.
Fact is the "sport" is dying, the type of boating is dying so the bean counters simply look at it as bad investments for the ad/sponsorship dollars.
Here is an article regarding organizing a powerboat race from cash to marine life protection:
https://www.palmbeachpost.com/news/p...lpMi4yF9ChIBI/
They had a race, however it was a "one and done" event. I attended (spectator from the beach) but I wondered how many people would have been at the beach that day anyway (it was a nice day). They had a VIP area on a pier which charged admission but the rest of the beach was free (hard to provide anything for free and make money).
03-17-2018, 12:19 PM
#36
Nothing to bite on here, all I'm saying is it "can" be done, and I'll discuss it with interested parties privately, but not going to take a few hours to write it out. I will say, everybody is looking for the obvious, and its not there...never was. Sponsors come and go, and some day Geico is going to jump off too. Then what? And yes, the entire boat industry is shrinking and "aging" out, so it must be done to accommodate, not attract. I'm not pretending to be "the" rocket scientist here, I'm saying that I believe I have a better mouse trap. But this subject has been beaten to death over the years and everyone keeps trying to reinvent the wheel with this sport, completely missing the core point of what needs to be done. Bigger is not always better.
03-17-2018, 12:50 PM
#37
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[QUOTE )
Fact is the "sport" is dying, the type of boating is dying so the bean counters simply look at it as bad investments for the ad/sponsorship dollars.
Unfortunatly it does appear that way BUMMER
Fact is the "sport" is dying, the type of boating is dying so the bean counters simply look at it as bad investments for the ad/sponsorship dollars.
Unfortunatly it does appear that way BUMMER
Last edited by klaatutooyou; 03-17-2018 at 12:56 PM. Reason: stolen thunder
03-17-2018, 01:17 PM
#39
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Powerboat racing had its heyday when the teams were self-supporting although a bit illegal. Who today can bring the money that those associated with drugs could ?
"At one time, two-thirds of the people involved in offshore powerboat racing were directly or indirectly involved in drugs. You had guys running around there racing boats without any source of income - or at least not any source that was reportable. " In the 1980s, more than a dozen leaders of powerboat racing were convicted of drug charges and related crimes
- John Crouse
IMSA, the car racing group had a similar scenario and also filtered into CART with the Whittington, Lanier and others.
"At one time, two-thirds of the people involved in offshore powerboat racing were directly or indirectly involved in drugs. You had guys running around there racing boats without any source of income - or at least not any source that was reportable. " In the 1980s, more than a dozen leaders of powerboat racing were convicted of drug charges and related crimes
- John Crouse
IMSA, the car racing group had a similar scenario and also filtered into CART with the Whittington, Lanier and others.
03-17-2018, 01:36 PM
#40
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Nothing to bite on here, all I'm saying is it "can" be done, and I'll discuss it with interested parties privately, but not going to take a few hours to write it out. I will say, everybody is looking for the obvious, and its not there...never was. Sponsors come and go, and some day Geico is going to jump off too. Then what? And yes, the entire boat industry is shrinking and "aging" out, so it must be done to accommodate, not attract. I'm not pretending to be "the" rocket scientist here, I'm saying that I believe I have a better mouse trap. But this subject has been beaten to death over the years and everyone keeps trying to reinvent the wheel with this sport, completely missing the core point of what needs to be done. Bigger is not always better.
