GolfStinks

A Golf Blog for the Rest of Us!

  • Home
  • About
  • Most Popular
  • Categories
    • Stinky Golfer Paradise
    • Golf Life
    • The Pro Tours
    • Reviews
    • The Economics of Golf
    • Golf Growth & Diversity
    • Health & Environment
    • Golf Destinations
  • Golf Terms
  • Newsletter

Is The Golf Industry Finally Learning About Golfers?

March 31, 2014 | By Chris Chirico | 2 Comments

Two of the biggest problems with the golf industry in general, I’ve always thought, are simply what is marketed and to whom.  For the most part, everything golf related has been advertised either specifically on The Golf Channel or during golf tournaments – as if every golfer only watches these particular things on television.  Well, when the economy tanked several years ago, the golf industry (which was already slightly on the decline) took a pretty good hit.  All of a sudden spending $80 on a round or $10,000 on a membership didn’t quite look so appealing anymore.  Nor did that $400 driver.  Now, a few years later, enter reality.

Recently, I’ve started to notice more golf-related television advertisements popping up on other channels and during sporting events outside of golf.  For instance, in watching some of the NCAA Tournament games over the past week, I’ve seen advertisements for Golfsmith and Callaway.  Finally, maybe some of the industry marketing heads are realizing that there are more golfers other than the few who live and breathe the sport.  Take me for instance.  I love to play golf.  Don’t really care to watch it.  Almost never turn on The Golf Channel.  But guess what I do – I purchase golf equipment and accessories.  But no one advertises to me…or any of the other millions of other golfers like me who play the game for fun but nothing else.  Well, maybe that’s finally changing.

However, the problem still lies in what is being advertised.  I mean, they are finally putting products on channels outside of golf, but what they continue to push is the high-end, expensive stuff that most of us hacks are not going to purchase.  It’s great that Callaway is advertising during the Elite 8, but they’re still pushing the $400-$500 driver.  I mean, really?  That’s like if Mercedes was to only advertise the S-class and never put an add out for any of the less expensive models in their lineup.  Or more realistically for most of us…if Chevrolet was only advertising a $60,000 Corvette, but never advertised the $17,000 Cruze, which is the 10th most popular selling car in the United States.  Any salesman is taught to upsell.  You don’t get people in the door by showing the most expensive product all the time.  You get people in the door by showing a good value, and upselling from there.  It’s Salesman 101!

But at least they are on the right track.  People other that the hardcore golfers need to know what’s available.  After all, there are millions more weekend hacks like me out on the course than there are scratch golfers.  We are willing to spend our hard-earned money also.  We may not be in the market for a $500 driver, but that doesn’t mean we’re not willing to plunk down two or three bills at a time.  And guess what….the first company that advertises something realistic to me has the best chance of getting my business.

Swing ’til you’re happy!

Filed Under: Stinky Golfer Paradise Tagged With: callaway, Chevrolet, Corvette, Elite 8, golf stinks, Golfsmith, golfstinks, Mercedes, NCAA Tournament, The Golf Channel

Am I Motivated by the Hole-In-One Prize?

May 16, 2011 | By Chris Chirico | Leave a Comment

During a recent commute, I passed by a billboard promoting a golf tournament at a somewhat local country club.

Nothing out of the ordinary, but what caught my eye was the hole-in-one prize – a brand new, 2011 Corvette. Being a big Corvette fan, this naturally got my juices flowing. And being that it’s mid-May and I still have yet to even attempt to play a round of golf this year, this was beginning to get me motivated.

But after passing by the sign, I thought about where the tournament was taking place. This is a former private course which only two years ago, during the deepest depths of the recession, went public…obviously because they were losing money. So how is it they have the money now to put on this tournament? Not to mention, how do they have the money to be able to give away a $50,000 car?!

I understand the tournament, while charity based, is also a tool to help promote membership with the club. And granted, they only have to give away the car if a hole-in-one happens, but what if it does? That’s basically $50,000 they have to pony up! I’m sure the entry fee from the participating golfers doesn’t approach that amount! And let’s face it, the hole-in-one prize is usually the biggest draw to the tournament, especially if you’re not playing the tournament with your regular golfing buddies. So the prize has to be worth-while to draw participants. So what to do? How can they afford to pay that out? Well, the same way everything a person can’t afford gets paid out…insurance.

I’m sure most people know that just about any large prize in contests such as holes-in-one, half-court shots and the like, are insured. An NBA team doesn’t want to just pay some lucky guy sitting in the stands $100,000 because he made a basket, especially one that is, relatively anyway, not all that hard. So instead, they can pay an insurance company $100 per shot (41 home games for a total of $4,100) just in case someone does make it. Not bad, right? $4,100 covers them from having to pay out the grand prize. And if no one makes the shot, then they had a helluva season long promotion for only $4,100! Chump change for an NBA franchise!

The same system works in golf tournaments. If you’re putting on a golf tournament, you don’t have to raise $50,000 to cover the cost of your hole-in-one prize. You simply have to take out an insurance policy. And the rates, like all other insurance rates, are based on risk. And being that the odds of making a hole-in-one are what they are…the risk is pretty low. So believe it or not….you’re not paying out all that much!

Think of it this way – You’re a 40-year driver, with no accidents or tickets, driving a Hyundai Santa Fe (according to AOL Autos, the least expensive car to insure) – chances are, you’re insurance premium is going to be a hell of a lot less than that of the 17-year old kid driving a Mustang, right?

So when tournament time rolls around, there are a number of companies who will be happy to take your money based on the odds of a hole-in-one (anywhere between 1 in 12,000 and 1 in 45,000 depending upon the basis of the odds). You can find said companies with a simple Google search of “Golf tournament prize insurance.”

Lets say your tournament features 140-150 golfers. Even at the lowest odds, chances are that prize is not being paid out. This is why some of these insurance coverages can be had for as low as $250-$300. Maybe even lower if you take the time to do the research and call around.

So maybe this putting on a golf tournament thing is not as costly as I had once thought. If the course itself is putting the tournament on and the insurance on the grand prize as well as a few other smaller prizes is relatively inexpensive, that really only leaves food and drinks. And by the time the players pay their entries and local and corporate sponsors put in a few bucks, I can see how money is made for a good cause and the chance for a course to gain a few new members can certainly happen.

Now, the trick for me will be to come up with the money to take a few lessons to get my “par-3 swing” right, come up with the money to enter the tournament, get a day off from work and beat those 45,000 to 1 odds at just the right time to drive home in a brand new ‘vette! Do you think there’s some type of insurance to cover my expenses?

Swing ’til you’re happy!

Filed Under: Uncategorized Tagged With: charity, Corvette, golf stinks, golf tournament, golfstinks, Google, hole-in-one insurance, Hyundai, Mustang, private course, public course

Awards

Badges Badges Badges Best Mens Blogs Badges

Advertisements

GPI


 


Archives – Read all 1,000+ GolfStinks Posts!

Blogroll

  • Aussie Golfer
  • Black Girls Golf
  • Devil Ball Golf
  • Front9Back9 Golf Blog
  • Geoff Shackelford
  • Golf Blogger
  • Golf For Beginners
  • Golf Gear Geeks
  • Golf Girl's Diary
  • Golf News Net (GNN)
  • Golf Refugees
  • Golf State of Mind
  • Golfgal
  • My Daily Slice of Golf
  • Pillars of Golf
  • Ruthless Golf
  • The Breakfast Ball
  • The Grateful Golfer
  • UniqueGolfGears.com

Questions / Advertise

info@golfstinks.com

Disclaimers

See here

Privacy Policy

See here

Copyright © 2009-2024 GolfStinks.com - All rights reserved.