The Wizard Writes: Akron Marathon 2009

Akron Marathon 2009

Posted by Wizard of Ahs , Thursday, April 1, 2010 at 1:52 PM

The 2009 Road Runner Akron Marathon was another huge success! Held on September 26, over 11,000 runners competed in the 7th Annual Akron Marathon, besting the number of participants by several thousand from the year before.

The Wiz custom designed the impressive illuminated start line and finish line as well as the VIP Platform, time delayed sound system, main stage with roof and sound and safety lighting.

This year's marathon is scheduled for Saturday, September 25 with a 7 a.m. start time.

Click here to see the gallery of photos.

Click here for general info on the 2010 Akron Marathon.

Tip Of The Week!

Non-Traditional Revenue

Have you ever heard the term "nontraditional revenue"? If you’re not immersed in radio and TV ad sales, you’re most likely not familiar with that industry buzz phrase, more commonly referred to as NTR. But the concept, when applied to your business, can add bottom-line income to your existing revenue streams.

A little history first: A number of years ago, when radio stations were being snapped up and co-joined into large, publicly traded radio groups, there was an urgency on the part of the parent companies to justify the high acquisition costs and demonstrate profitability to their shareholders. But traditional revenue for radio stations (ad sales) was limited for two good reasons. First, the price stations could charge for commercials was determined by ratings and day-parts in each particular market—something the stations had no control over. Second, there was a finite inventory available on any given day, which also limited the amount of income stations could generate.

So they decided to get creative. Part of a radio station’s promotional activities included sponsoring events staged by promoters. When an ad package was purchased by those promoters, the radio stations had to provide additional free commercials, live mentions, on-site talent appearances, and any number of other giveaways. In return, the stations were given signage placement, a space at the event and an on-stage opportunity--but very little else.

It didn’t take long for station marketing directors to notice the promoter’s revenue streams, which included parking fees, gate admissions, booth sales, beverage sales, print co-ops, sponsorships and the like. The marketing directors felt that since the radio stations provided the event visibility and were generally perceived as “owning” the event, they should grow, own and promote virtually identical events. So they did, creating entire NTR departments within their radio groups—and they've prospered ever since.

Over the next few weeks we’ll cover the Top 5 ways to apply the concept to your own company to help generate additional revenue.

1. If your business is one that serves the consumer service industry, such as a bridal gown store, a caterer or a florist, then create a bridal show at a local hotel for you and other noncompeting bridal service providers, such as DJs, tux companies, photographers and printers. You'll generate admissions and booth revenue, plus you can use aggregate exhibitor money to buy advertising that you wouldn't normally be able to afford.

Akron Marathon 2009
Posted by Wizard of Ahs , Thursday, April 1, 2010 at 1:52 PM

0 comments:

The Wizard Writes

Visit our website!

Facebook

About Me

Subscribe to our feed

Blog Archive

Tip Of The Week!

Labels

Company Info

Links

Wizard of Ahs