Bonspiel Budgeting: How to Calculate and Set Your Ideal Entry Fee
Setting the right entry fee for your curling bonspiel is an important consideration, as it will impact the number of teams that participate and the financial success of your event. Here are some tips for setting an appropriate price for your bonspiel entry fee:
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Determine your budget:
Before setting a price for the entry fee, you need to determine how much money you will need to cover the costs of the event. Consider expenses such as ice rental, equipment rental, prizes, and other costs that are associated with hosting a bonspiel.
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Consider the size of your event:
If your bonspiel is a smaller, local event, you may want to keep the entry fee lower to encourage more teams to participate. If your bonspiel is a larger regional or national event, you may be able to set a higher entry fee.
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Research other bonspiels:
Look at the entry fees for other bonspiels in your area and consider the amenities and features they offer. This can give you a good idea of what people are willing to pay and what is considered a reasonable fee.
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Offer early bird discounts:
Encourage teams to register early by offering a discount on the entry fee for those who register before a certain date. This will help you get a better idea of how many teams will participate and can help you plan accordingly.
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Provide value for the entry fee:
Make sure that the entry fee is reasonable and provides good value for the participants. Offer a well-organized and well-run event, quality ice, and good prizes for the winners.
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Be transparent:
Make sure that you clearly communicate what is included in the entry fee and what additional costs may be incurred during the event. This will help teams budget appropriately and avoid any surprises.
By taking the time to consider these factors and setting an appropriate entry fee, you can help ensure that your bonspiel is successful and well-attended by teams.
