This week I had a rather interesting conversation with a client concerning the often overlooked part of the the sport. This particular client shared with me their disdain for organizations that make the sport look bad. I was inclined to ask what they meant, by making the sport look bad and of course, the person cited a few local promotions and their end results to drive the point. My client went on to say that the lack of attendance/tickets sold for an event and the noticeable absence of sponsors and supporters will further delay major companies (i.e. major sponsors) such as Nike, Pepsi, Visa from contributing their sponsorship dollars if they don’t see or perceive a strong return on investment. While I tend to agree with what this person said, I also know that putting on a successful event doesn’t necessarily depend on how many sponsors you have secured or if you sell out the event.
Running an mixed martial arts organization is like running any other type of business. People who methodically go about putting a business together all share one simple fact. They have put together a business plan and a core set of objectives, and here is a hint. Selling out their first event is not the first objective they set. Without a business plan, you are like that poor hamster I saw last week on that hamster wheel. You may be running, but in truth you haven’t moved an inch.
I have been to shows where the reported attendance has been greatly exaggerated. I have been to shows where one tenth of the seating capacity was occupied. I have heard reports on organizations booking a 2o,ooo seat arenas only to sell 2,000 seats. Here is a small bit of advice to MMA promoters. Get rid of the bravado and ego. Stop telling yourself that you are going to be the next UFC within two years. Don’t get me wrong, there is nothing wrong with shooting for the stars or swinging for the fences, “but you damn well better know what your doing”. I like quoting that line used by one of the characters from Oceans 11. *I crack myself up sometimes* Ahhem. Moving forward. So without a well thought out business plan and businesses minded people to help execute that business plan then there will be organizations going belly up in their first year of business. Believe me, I have seen it happen.
Now, if you are a promoter and you are reading this blog, you will say to yourself, “Well what about the economy?” What about it? You mean to tell me that a “promoter” cannot sell a $10, $15 or $20 ticket to live sporting event? If not, then you are in the wrong business. As a side note, check out KnuckleSlap.com and view the video of Dana White talking about how the economy does not have an effect on the UFC. Either that or your marketing needs a drastic overhaul. Which points back to your business plan. In that business plan is your marketing plan. Failure to execute these plans will result in poor attendance, which equals a poor gate (for those who don’t know what the “gate” is, look it up), which means the promoting of your event was poor.
It takes more than a few guys passing out fliers at the local gentleman’s club to drum up the excitement for your event. It takes more than a few hot girls passing out fliers at the local sports bar. It takes a well thought out plan. Promote! Promote! Promote! TV, Radio, Print, Internet. These are the tools needed to put on a successful MMA event. You would be surprised how many organizations do not use these mediums as a means of promotion. In addition, you have to get people excited and talking about your event. Without using a strong combination of the before mentioned, then forget about it. Your promotion will be added to the memory of guys like me who say to themselves, “WTF?” When I walk into a venue and I will quickly ask myself “Who is in charge of marketing this promotion?”
If you cannot market your promotion effectively, then there are ways to find qualified help. Namely, Mayhem365 Sports Marketing. A shameless plug. You as a promoter will be pleasantly surprised at how much talent exists outside the ring.
Next week, I will delve off into a current problem in the sport. How some managers/agents are poaching fighters from each other. Definitely not cool.
Enjoy your weekend.
Warren