Quote:
Originally Posted by Winning_TD
If i see certain tournaments do well and are popular i will raise guarantees 100%, but when they are 1st put into the schedule i have to take a little caution.
Over time things can really start kicking off then i will be able to do exactly what i want and what everyone else wants.
While I appreciate your honesty and response, I have to point out that this strategy is exactly why your network HAS NOT GROWN significantly...despite much of the competition dropping like flies....come on guys! this is the perfect time to seize your share of the market!!
you guys should easily be the biggest and best USA facing site but you're far too conservative with your marketing and promotions IMO(including things like big GTDs).
I'm not trying to tell you how to run your business or do your job, but you guys surely have to understand that short term losses are perfectly acceptable if they lead to long term growth and customer retention. seems like you are far too worried about that weekly, monthly or quarterly report instead of focusing on the long term growth of the site...a surefire recipe for disaster.
I mean I can't even begin to tell you how many people only play your site for the nightly 10k GTD or a few select tournaments on Sundays specifically because of the lackluster schedule/guaranteed prizes.
I assure you, if you make some large guarantees starting during peak hour(5pm-Midnight EST time) it will pay off HUGE in the long run....you might lose some money in overlays at first, but as a poker player I can tell you personally that nothing attracts me to a tournament more than seeing some overlay in a big GTD.
this method of starting small and trying to build up the guarantees does not work....if you guys are looking for some consulting in this department(free of charge), please do not hesitate to contact me. I am only offering this advice because I like what you guys are doing and I want to see your site grow and take the customers from these lame-duck sites like Lock/Merge instead.
everyone knows that you guys have a top notch cashier system for depositing/payouts and your software continues to improve....why aren't they flocking to your site? because the more casual player is attracted to that shot at hitting a big score. no casual player is interested in plopping down $55 just to play a tiny 2k GTD or something....those type of players(who are the foundation of the poker economy), they want the chance to hit it big and win a big score! i cannot stress to you enough how important it is to make these guarantees LARGE AND ATTRACTIVE. please throw aside your short term financial reports and think about the long term....show this post to your boss/supervisors if they don't like the idea of paying overlay.
please man, I'm asking you to reconsider this strategy as it has not worked so far. If for example, you guys began offering 3-4 tournaments PER NIGHT with guarantees over $10k, I'd bet my entire bankroll you will see huge sustainable growth within a matter of weeks. If you combined these new GTDs with a small marketing campaign you will hit it out of the ballpark....sure you might have to pay out a few thousand in overlays the first nights but it will pay for itself in no time. and those casual players who drop $55 for a shot at some real money will stick around and keep playing instead of withdrawing 99% of their balances and only playing your nightly 10k.
please reconsider...if you'd like specific ideas for tournaments, etc PLEASE CONTACT ME, i am an experienced MTT player who plays a huge range of buy ins and I have a good grasp of what players from all levels and backgrounds want. I'm offering up my time and knowledge for free...I want to see your site grow the way it deserves.
thanks