Crowd Seats Launches Daily Deals Site for Sports Tickets

Aug. 9, 2011 - PRLog -- Los Angeles, CA, June 1, 2011 – Crowd Seats  is set to launch the first Daily Deals Site that offers sports tickets at huge discounts, up to 90% off face value. The startup, initially launching in June 2011 in Los Angeles, CA, focuses on offering sports fans highly discounted tickets to their favorite teams. Fans who want to receive offers can simply sign up for the Deals Newsletter at http://www.crowdseats.com/   .

It is clear that consumers will benefit, receiving discounts at 50- 90% off the face value of tickets to their favorite teams. These time-sensitive, daily deals offer fans an opportunity to get in the crowd at a fraction of face value.

Teams will also greatly benefit from the first Daily Deals site targeted towards their product. A handful of teams have experimented with Daily Deals/Group Buying websites in the past two years with great results. According to Justin Cener, CEO and Founder of Crowd Seats, the sports ticket industry is a perfect match for Daily Deals:

“Sports ticket inventory is very similar to hotel inventory – if you don’t sell it, you lose it. Crowd Seats enables teams to generate significant revenue from otherwise perishable inventory. Moreover, unlike traditional businesses, sports teams generate large supplementary revenues after the ticket is sold through parking, concessions, and merchandise, making the sports industry the perfect partner for Daily Deals.”

Popular Daily Deal/Group Buying sites get merchants on board by promising new customers in exchange for huge discounts. Crowd Seats’ merchants can expect more - each ticket sold on Crowd Seats will lead to more revenue through supplementary purchases such as parking at the stadium, concessions such as beer, soda, and hot dogs, and merchandise like jerseys and hats. These additional revenues make Daily Deals ideal for sports teams.

In a case study produced by Crowd Seats, deals involving tickets for NBA, NHL, and MLS games were reviewed. The combination of revenue generated through ticket sales via various Daily Deals sites and supplemental revenue generated at the stadium (Fan Cost Index) has resulted in NBA teams taking in an average of over $50,000/deal. The NHL and MLS based deals also did tremendously well.

Notable Deals:
Dallas Mavericks, October 2010, 4819 Tickets Sold, $173,000 Revenue
Toronto Raptors, March 2011, 2368 Tickets Sold, $101,000 Revnue
Toronto Raptors, November 2010, 3049 Tickets Sold, $97,000 Revenue
Colorado Avalanche, February 2011, 1784 Tickets Sold, $51,000 Revenue
New England Revolution, August 2010, 2515 Tickets Sold, $45,000 Revenue

About Crowd Seats

Crowd Seats is a Daily Deals Site that offers Sports Tickets at huge discounts. Consumers benefit from unbelievable discounts to see the teams they love – at up to 90% off face value. Teams benefit from generated significant revenue from otherwise perishable inventory. Combined revenue from ticket sales and supplemental revenue from parking, concessions, etc make Daily Deals and Sports Teams the ideal match.

For more information visit here http://www.crowdseats.com/

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