Showing posts with label skatepark business ideas. Show all posts
Showing posts with label skatepark business ideas. Show all posts

Monday, May 4, 2015

Online Session Sales

Presale sessions can help everyone plan

Like movie tickets or concert tickets your skatepark can pre-sell tickets to sessions you sell, online or in the store.  Showing people that there are limited numbers of session entrances can also help sell more sessions ahead of time.  So if you have a lot of people coming in groups from out of town and they know their schedule, you can ensure these people that they will be able to get in and have the trip they were planning.  Similarly if skaters and bikers see that a session is almost selling out, they can elect to come at another time rather than trying to pack in to a crowded session.  Having a website that enables session sale and provide data in real-time can also help you plan on staffing needs.  By seeing that there are a lot of sales on afternoon sessions or on weekdays, you can staff the appropriate number of people to make sure that everyone is having fun, and all areas have enough people to keep lines down.  An additional benefit of adding online sales is that people won't show up despite having paid, or they will have bought too many tickets and will absorb the cost for a variety of reasons.  After your stated "no refunds after this date/time" it is reasonable to assume that giving a refund could have turned away others who would have paid, thereby losing you money.  While you could give a rain-check, this could be a way to increase sales and keep a steady flow of capital into your business even on non-weekend/busy time periods.  Adding functionality like this could go hand-in-hand with having a mobile ready and truly interactive site will help you and your customers get the information they need, to make their visit better.

Sunday, January 4, 2015

Setting your year's goals and benchmarks

Now that the new year has turned, and the holiday vacation rush has come to an end you should set goals and benchmarks for the year.  With another (or just one) year behind you, it is possible to now look at the year, it's ups and downs and take that information to make plans for this year.  Make sure that you make time for yourself to do this especially if you are manning some part of the park.  If there are slow days or closed days, use these times to gather your information together, look at your receipts, and plan your year accordingly.  Here are some of the typical things you should be looking at:

Busy Times versus Slow Times - more than anecdotal information, you want to really see where your slowdowns are and where you were busy.  What patterns arise?  If the start of September is slow,  figure out why.  If summer was slow here and there, try to look for other things going on like July 4th, or lots of people going on vacation at the start of August.  If things were busy, like June or 2 weeks in March, try to see why.  Then, when you have an understanding of the year, figure out what you can do to increase slow times and monetize busy times better.

Membership, Entrance Data and Promotions- Since you have data from your computer entrance program (hopefully), you can mine this data to help you either resell memberships, or get members to come back for a visit.  If you haven't been doing this, try to set it up so you can get this data.  You can get data on members and non-members if you have a check in your system for waivers.  If you don't have this set up, do so. It could be the way to get more money out of each and every visitor to your park.  What is a membership worth?  What if you tracked it versus a non-member?  Create a non-member card (make it cheap with either a number to be keyed in or a barcode to be scanned.  This way when they come in you can quickly check that the person has a waiver on file.  It will also allow you to track their visits and if you see they are coming often, or that they have a birthday, or that they haven't been back in months (through data analysis from your membership software) you can send a note to these people whether they are members or not.  A discount entrance ticket, a "come in raffle", a note on a pro demo or what not is good advertising and cost effective.  You can even track how often these promos work so that this time next year you can stop sending stuff to skaters who have moved on.  Using member data and tracking can help you better see how often members come in and how much they spend.  You can offer discounts with a membership that allows you to see how much and how effective these programs are.  So go to your data to figure out ways to get people back in, ways to upsell them more stuff, or and create promotions that work.

Review How Your Workers Work - If you hire staff, you need to ensure you are getting the most out of them as possible.  Perform a review of expectation and areas of needs for the park that might be addressed by your hired staff.  If you have someone who is really tech savvy then they could be tapped to update your Facebook, twitter, Instagram, and website.  If you have others who are sitting around reading Thrasher while on duty, maybe a cleaning or mending project could be completed.  Filing and data entry is always needed.

Review Areas of Park - Does no one ever go on one of the ramps?  Is it used enough to warrant the space used.  Space in the skatepark is like money.  If skaters aren't using it, it is wasting money.  It may be a great thing to have a 12' tall vert ramp, but if only 5 people use it a year, that space is losing money.  Survey skaters about their favorite parts of the park, study where they skate the most and see if you can't create more spaces that help sell entrances.  Similarly if you have shop that people don't use enough it might be time to pull the plug.  The costs of keeping it open should be paid for by sales, if not, it needs to go.  Skaters are loyal to their shops so if you aren't getting market share for your shop, either you need to change what you are doing there or get out of the business.  Review of areas where money goes can help you create a lean and profitable park.  You can't afford to have a shop or a ramp that doesn't support itself.  The things need to be an attraction that draws people to your park to spend money, that is why you are in "business".

Make New Things- What is going to be your fresh addition this year?  A new type of contest?  A new ramp? A new Free day?  A new connection with the community?  Figure out new things and see how they can be rolled out and promoted.  Being new, relevant, or cutting edge can help keep people interested in your park.  One idea - DJ night - try it for a few weeks, then stop and see if it works so you either pull the plug or keep it going.

Take time to Recharge - Schedule a vacation for yourself now.  Have something to look forward to that rewards all your hard work.

Thursday, September 5, 2013

Expand Your Brand

As you are able to separate yourself out from operations, expansion is always an option.  Unfortunately if you are cash strapped, expansion is going to have to be done by bringing in more investors.  While many of you are probably wary of this, there are many people out there who are looking for good investments, and having a solid product with solid sales and a solid growth plan are keys to attracting investors.  If you want to go big, you have to think big.  If you think that you want to simply run a park that is open from this hour to that, then you can expect to remain at that level.  If you have a vision whereby you want your brand to expand and grow, then this has to be your vision and you have to plan for this.  As a skatepark, how can you grow your brand?  One way is like Woodward, where your specialty is camps, and your expansion becomes events.  There are many companies out there looking for venues that are flexible enough to help them market their own events, and your place could become that venue.  Lots of work would then be focused on achieving this goal.  Similarly if you have a product and a retail presence, you can become a larger presence with that product.  Look at an area that is underserved in your market and exploit that.  Lastly you can expand like DC Shoes, Vans shoes has as well, creating more parks in more cities.  The key to what they do is to look at what their brand is, and use that as the center of the expansion.  Reinventing your brand, or creating a logical offshoot of your brand (extreme events, camps etc) can help you move into a new level of business where you are not only more successful, but also more profitable.  A good exercise would be to sit down with your management team and see if they can envision this change with you.  Bringing in people who share your vision and have a quality skill set is also a good idea.  Good luck.

Thursday, April 11, 2013

Multi-use room?

They say that if you have space, something always fills it.  My garage is a good example of that, as I can't put the car in there anymore.  But what about the space you have that isn'g getting used in the skatepark.  If you have or can carve out some space with a temporary wall the space will be used and often it will generate revenue.  Many of the bounce houses and other kid friendly places around use party rooms to generate income.  These party rooms often are rented above and beyond the price of skating (or bouncing in the above scenario) and come with a food requirement too.  If you have a space that you can make comfortable with tables and chairs, this would be a perfect way of getting weekend and weekday traffic with groups.  Birthdays, meetings, specialty classes, card games, private areas during events, whatever you can think of, this space could serve many needs that you can also put a price on.  While some might be worth more (parties) others like card games and meetings can fill times during the days you don't have many customers.  So don't fill your room with junk and clutter, use it to make money and provide a good service for your clients.

Friday, December 14, 2012

As the new year is fast approaching I'd like to go over another way to help you make money this coming year.  It starts with an upgrade to your member management system.  Looking into how you manage your members via a system will help you maximize your understanding of your business.  Membership software and cloud-based systems while pricey can on average generate 30-50% more per member than paper and cash-register alone.  Recently I had a conversation with Hossein Noshirvani at Motionsoft, a company specializing in membership software.  We talked about the potential of membership software as it relates to skateparks and he really understands how you all can be benefitted by technology.  While most all of us agree that maintaining a website and facebook page and even a twitter feed are good for our business, some of us balk at the cost and complexity of membership software.  Lets all agree to a few things, having a membership and visitor database that can track and offer reminders and deals to every visitor is possible for most of us no matter how big or small we are.  Lets also agree that for our legal liability issues, having quick access to emergency info and contacts is invaluable for the prosperity of the business, but also for the peace-of -mind of the parents.  So beyond these aspects that could be obtained through other means, lets look at how membership programs, particularly ones that are cloud-based can help your business.

Financially the membership program can really help you maximize your business income.  These types of software can generate lists of visits, frequency, and track purchases.  Even without a membership, say you decide to issue cards like loyalty cards at the supermarket, the membership software can generate notices for you to send reminders and discounts to people to come back to the park, to purchase a new helmet, or offer a special on a new deck because it has been a long time since purchasing one.  With the membership and a card, the child can be offered a declining balance at the park allowing for the participant to buy stuff at the park without carrying money.

As far as memberships go, membership software could help you create different classes of memberships where certain times are off limits such as they do with health clubs during off-peak hour members.  You could offer a $100 anytime membership and a $50 membership off peak or no Fridays or Saturdays. Those that have the $50 membership would have to pay a fee to visit these other times.  Or you could offer a membership with a number of uses like a punchcard where coming into the park costs say $20 and you get 3 sessions and you have to buy 3 sessions at a time.  At the same time, the membership software will track visits, allow you mail or email reminders to "re-up" or you can have them automatically re-up with a credit card on file.  The system will create peak times based on visitors and so you can accurately predict typical numbers for tracking as well as allowing for "maximum capacity" warnings.  With professional and accurate information, you can make the best decisions regarding your park.

As we have mentioned the tracking of purchasing and targeting of advertisements, membership software can also be tied into promotions and membership lead generation.  Getting member referrals can be offered through the system so that members get benefits for bringing in their friends.  You can offer discounts for liking on Facebook which will help spread the word.  Amazon offers this now when you purchase stuff from them they offer a quick way of posting your purchase to facebook.  What great and almost free advertisement that would be.

In many ways membership software in needed in your park to keep you generating leads and helping with promotions.  It formalizes a relationship, creates professionalism, and helps you organize your business.  Of all the tools you have, by far membership software is the way to go.  While Noshirvani at Motionsoft states that his company might not be right for your business, he said he would be happy to talk to you about your needs, and if he can't help you he'd show you some others who could.  Good luck and set your sights high for 2013!