Making Money

John DiBartolomeo · 07-01-2020, 06:13 AM

"Now everyone can sit there and do the math. X-amount of racers multiplied by the entry fee gives you a good example of the money taken in. Total up the purse and it’s a simple “this minus that” tells you how much money is made. Except that it doesn’t give you the big picture."

https://dragracingedge.com/the-blog/making-money/

Ross Family Racing · 07-01-2020, 08:58 AM

Very good article John. I've thought about the same things many times and have come to the same conclusions. Top all of that with rainouts and the general upkeep. Yes hopefully many of our other tracks do not fall to the same fate.

jmcarter · 07-01-2020, 10:38 AM

Not to mention the trouble hiring and retaining good employees. Often wonder how Chic-fil-a does it.

Carguy49 · 07-01-2020, 11:16 AM

Very good article, John. Well written and to the point. Thank you.

G money · 07-01-2020, 11:31 AM

Maybe it would be help if this year we the racer's let the track owners keep half the payout purse ! Remember without race tracks we have no where to race !

jwsamuel · 07-01-2020, 12:42 PM

Quote:

Originally Posted by jmcarter

Often wonder how Chic-fil-a does it.

They pay a higher hourly wage than most of their competitors, they have good training for employees, and they have a good college scholarship program for the students who make up a good portion of their workforce.

07-01-2020, 06:13 AM	#1
John DiBartolomeo Member Join Date: Mar 2002 Location: Beaver Springs, PA Posts: 494 Likes: 1 Liked 1,283 Times in 159 Posts	Making Money "Now everyone can sit there and do the math. X-amount of racers multiplied by the entry fee gives you a good example of the money taken in. Total up the purse and it’s a simple “this minus that” tells you how much money is made. Except that it doesn’t give you the big picture." https://dragracingedge.com/the-blog/making-money/ Attached Thumbnails __________________ John DiBartolomeo DRC Race Products DragRacingActionOnline.com

07-01-2020, 08:58 AM	#2
Ross Family Racing Member Join Date: Jan 2005 Location: St.Clairsville, Ohio Posts: 464 Likes: 0 Liked 52 Times in 15 Posts	Re: Making Money Very good article John. I've thought about the same things many times and have come to the same conclusions. Top all of that with rainouts and the general upkeep. Yes hopefully many of our other tracks do not fall to the same fate.

07-01-2020, 10:38 AM	#3
jmcarter VIP Member Join Date: Dec 2008 Location: Richmond Hill GA (and Port Ludlow WA) Posts: 4,120 Likes: 1,974 Liked 2,691 Times in 851 Posts	Re: Making Money Not to mention the trouble hiring and retaining good employees. Often wonder how Chic-fil-a does it. __________________ Jim Carter 2340 Super Stock 2340 SST/2340 Stock

07-01-2020, 11:16 AM	#4
Carguy49 VIP Member Join Date: Aug 2011 Location: Fife, Washington Posts: 1,840 Likes: 1,759 Liked 2,226 Times in 595 Posts	Re: Making Money Very good article, John. Well written and to the point. Thank you. __________________ Ron McDowell - Did Race Every day is a Gift - Enjoy with family and friends.

07-01-2020, 11:31 AM	#5
G money Junior Member Join Date: Jul 2013 Posts: 42 Likes: 137 Liked 10 Times in 10 Posts	Re: Making Money Maybe it would be help if this year we the racer's let the track owners keep half the payout purse ! Remember without race tracks we have no where to race !