Slow Marathon Millionaires
Submitted by Dmitri Davydov on Tue, 2007-05-01 09:37.
Posted in: Offline Niches
Though race marketing/management company Elite Racing pulls in more than $35 million in revenue from the six racing events it produces each year, founder Tim Murphy cautions entrepreneurs that marathons are no way to get rich quick.
Marathons are labor-intensive events with razor-thin margins, and they typically require a significant investment before they start to turn a profit. The first Rock 'N' Roll Marathon in San Diego lost about $1.1 million, he says.
And without a title sponsor or funds from the cash-strapped city of San Diego, this year's event wasn't profitable, either.
[Via BusinessWeek.com]
Mathematicians Discover A Formula For Perfect Beer Foam
The Easiest Way To Make Money Online For Creative Folks
Bookmark/Search this post with:
| 
| 
| 
| 
| 
| 
| 
| 
