1 / 16

Seats Unlimited, Inc.

Seats Unlimited, Inc. Reserved seating for all of your events. Mission . To provide a high quality viewing experience that ensures each individual creates lasting memories of once in a lifetime events without the hassle of finding seats. Our Product.

nero
Download Presentation

Seats Unlimited, Inc.

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Seats Unlimited, Inc. Reserved seating for all of your events

  2. Mission • To provide a high quality viewing experience that ensures each individual creates lasting memories of once in a lifetime events without the hassle of finding seats.

  3. Our Product • Reserved seats, close to the field, for graduation • Don't wait in line for hours • Ensure maximum viewing area • Guaranteed dry and cozy

  4. Market Research • If given the option, where would you prefer to sit to watch your child graduate? (By Yarding) • 50 yard Line (74%) • 30-49 Yard Line (20%) • 10-29 Yard Line (1%) • No Preference (5%) • If given the option where would you prefer to sit to watch your child graduate? (Height) • Low (36%) • Mid Height (54%) • High (10%) • What is the most valuable aspect of reserved seats for you? • Viewing experience (75%) • Not waiting in line (20%) • Comfort (5%)

  5. Market Research (cont.) • How many seats do you plan on using at the event? • 1-2 (15%) • 3-4 (30%) • 4-6 (50%) • 6+ (5%) • How much would you be willing to pay for premium seats? (maximum/ticket) • <$20 (5%) • $20-$40 (15%) • $40-$70 (45%) • Priceless (35%)

  6. What Our Research Says • Best seats should be dead center and at mid height • People don't mind lines but want the best viewing experience once they wait • The average family doesn't need more than 6 seats (their quantity demanded doesn't change past a certain point) • Many consider priceless, but majority won't pay more than $70

  7. Demand Schedule and Elasticity

  8. Demand Curve (D1)

  9. New Demand Schedule and Elasticity General population sees great income loss, demand schedule changes

  10. New Demand Curve (D2)

  11. Demand Schedule and Elasticity Tickets now include entry into opportunity drawing for press box tickets

  12. New Demand Curve (D3)

  13. Based on Market Research and the Demand Schedule, we have reached the following conclusions

  14. Product Each ticket should represent a reserved seat located at mid-level height along the 50 yard line Each ticket should include an entry into the opportunity drawing to appeal to consumer taste. In a way, this can be considered a complementary good that increases demand for the superior good

  15. Profit Potential Under these guidelines, we find our profit potential per family can be estimated to:

  16. Price Based on the profit potential, we decide to sell each ticket for $60. We believe this creates a balance between price level.. While an $80 price creates more profit per family, less families are less likely to buy tickets at this price based on market research. Price drives the demand in this case. The lack of substitute goods raises demand for our product and keeps it rather inelastic.

More Related