How Sweet it is!!!!!!!

J

jjinfla

Banned
Latest press release just hot off the presses.

Sponsor someone and you get 10% of entry fee if he qualifies and another 10% of his winnings in the tournament.

That's at least $300 back if he qualifies. And $30,000 plus if he wins it all.

All I want to know is who can I sponsor? Must have a good shot at qualifiying. I'll bet they are lining up to sponsor WU. I sure would.

Jake
 
It was sent out in an email today

International Pool Tour Press Release

The International Pool Tour is excited to announce a major opportunity for you to promote the game that you love! The IPT has launched the qualification tournament system for the North American Open 8-Ball Championship. Instead of spending hundreds of thousands of dollars to advertise the North American Open, and how anyone can play in this tournament through the qualifiers, we would rather offer a grass-roots opportunity that will send large sums of money directly to those people who promote the sport.

The concept is simple. Each player who signs up for a qualification tournament can specify a referrer, or someone who signed them up for the tournament. Whoever it is that is the referrer, whether it be an IPT Player, Room Owner, Tour Operator, Pool League, Pre-Qualifier Host, or Individual, will receive a 10% commission of the entry fee (a $1000 entry equals a $100 commission and a $500 entry fee equals a $50 commission) AND a bonus amount equaling 10% of the prize money won by that player in the tournament in which they qualified to play.

So if you sign up a player (you or your business must be listed on the entry form) for a qualifier and he ends up winning the IPT North American Open 8-Ball Championship and the $350,000 first prize, you will receive 10% of the entry fee for signing him up and a $35,000 bonus (10% of the prize money won)! Even if the player comes in last place in the IPT North American Open 8-Ball Championship, you would receive 10% of the entry fee for signing the player up for the qualifier and $200 more because last place in the tournament pays $2000 (10% of the prize money won)! Obviously, the more players you sign up, the better the chance you will have to make serious money.

You can also purchase spots in Qualification Tournaments ahead of time and host pre-qualifier tournaments. You would be the referrer of the player who wins the pre-qualifier, so the more pre-qualifiers you host, well, you do the math!

Simply print out a copy of the entry form and schedule which can be downloaded by clicking here. Make sure to print your name or business name (tour name, league name, etc.) and a way to contact you on the form as the referrer. Make photocopies of the form and distribute to potential players.

If you think about it, there has never been an opportunity like this in the sport. Do not miss out on this opportunity to make some serious money promoting the sport that you love. The IPT is excited to promote pocket billiards on the grass-roots level while concurrently driving the image of the sport in the mainstream media. Now everyone has the potential to earn big money promoting pool! You don't have to be a top player or even play in tournaments to earn huge money. Promote the IPT and you can go to the pay window too!

Best regards,

Deno J. Andrews
Tour Director,
International Pool Tour

Does this come out of the players winnings or is it just more money being payed out? I still don't know where they are going to get a minimum of100,000 for all 150 players next year. Unless they get some major sponsorships going.
 
Looks like a fairly straightforward referral program. Sorta like the things you see at apartment complexes - "Refer a new resident and get a free month of rent!"
 
ScottW said:
Looks like a fairly straightforward referral program. Sorta like the things you see at apartment complexes - "Refer a new resident and get a free month of rent!"
Click to expand...

Instead, refer a pool player so another one can pay his rent, lol. :D
 
The more I think about this, the more baffled I am and the more I think it makes absolutely no sense.

What's the upside for the IPT to do this? All this referral thing will do is COST them money. Players who would be playing in qualifiers/main events are going to play in them regardless - and with this bit, they can put a friend's name down as their "sponsor" and maybe bag that person some cash, for doing absolutely nothing. Nowhere in that text does it stipulate that the sponsor has to do ANYTHING but simply have his name down as associated with a player (or multiple players).
 
ScottW said:
The more I think about this, the more baffled I am and the more I think it makes absolutely no sense.

What's the upside for the IPT to do this? All this referral thing will do is COST them money. Players who would be playing in qualifiers/main events are going to play in them regardless - and with this bit, they can put a friend's name down as their "sponsor" and maybe bag that person some cash, for doing absolutely nothing. Nowhere in that text does it stipulate that the sponsor has to do ANYTHING but simply have his name down as associated with a player (or multiple players).
Click to expand...

Obviously they are worried that about the number of entrants for the upcoming Qs.

Gabber
 
Gabber said:
Obviously they are worried that about the number of entrants for the upcoming Qs.

Gabber
Click to expand...

Do you actually know any tour caliber players? I know quite a few, and they view the IPT as the chance of a lifetime and would do anything for a shot at getting in.

Why don't you spend some time educating yourself instead of sitting on the sidelines criticizing the IPT and talking crap about things you know nothing about?
 
ScottW said:
The more I think about this, the more baffled I am and the more I think it makes absolutely no sense.

What's the upside for the IPT to do this? All this referral thing will do is COST them money. Players who would be playing in qualifiers/main events are going to play in them regardless - and with this bit, they can put a friend's name down as their "sponsor" and maybe bag that person some cash, for doing absolutely nothing. Nowhere in that text does it stipulate that the sponsor has to do ANYTHING but simply have his name down as associated with a player (or multiple players).
Click to expand...

I doubt it. Who in their right mind would just willy nilly put someone's name down and let them get cash for his work? I sure wouldn't.

I think now the players have another bargaining chip. They find a sponsor, convince the sponsor that they have a good shot at qualifying, have the sponsor put up the money, and it becomes a win-win situation for the player and the sponsor.

Then the sponsor, who has no chance of qualifying if he tried, now can be part of the IPT with his "horse".

Or the player can put up half with the sponsor and it would cost $500 to qualify. Or enter at $500 and have a sponsor put up $250.

Now show me a pool player who has been complaining about not being selected, which means he is a very good player, who won't put up $250 to try and qualify. If you can find that player, then you are looking at a fool.

Now it comes down to be able to participate in a qualifier for only $250 if you find someone who believes in you.

Make sure that Rocky hears about this. I am sure he is still sponsoring Rob Saez. Unless, Rob's friends (the ones who have made all that money betting on him over the years) have decided to sponsor him.

As to what's the upside to all this? It sure will generate interest in the Tour. And it will be written up in the magazines. And it will bring in more people to participate. And remember, you have to spend money to make money. The more people who feel they are a part of the Tour the harder they will work to ensure its success.

I have had a couple good weeks selling my trains on Ebay so if Danny Harriman or Tony Crosby are looking for a sponsor - PM me.

Jake
 
jjinfla said:
I doubt it. Who in their right mind would just willy nilly put someone's name down and let them get cash for his work? I sure wouldn't.

I think now the players have another bargaining chip. They find a sponsor, convince the sponsor that they have a good shot at qualifying, have the sponsor put up the money, and it becomes a win-win situation for the player and the sponsor.

Then the sponsor, who has no chance of qualifying if he tried, now can be part of the IPT with his "horse".

Or the player can put up half with the sponsor and it would cost $500 to qualify. Or enter at $500 and have a sponsor put up $250.

Now show me a pool player who has been complaining about not being selected, which means he is a very good player, who won't put up $250 to try and qualify. If you can find that player, then you are looking at a fool.

Now it comes down to be able to participate in a qualifier for only $250 if you find someone who believes in you.

Make sure that Rocky hears about this. I am sure he is still sponsoring Rob Saez. Unless, Rob's friends (the ones who have made all that money betting on him over the years) have decided to sponsor him.

As to what's the upside to all this? It sure will generate interest in the Tour. And it will be written up in the magazines. And it will bring in more people to participate. And remember, you have to spend money to make money. The more people who feel they are a part of the Tour the harder they will work to ensure its success.

I have had a couple good weeks selling my trains on Ebay so if Danny Harriman or Tony Crosby are looking for a sponsor - PM me.

Jake
Click to expand...

Jake I may have read it wrong but the impression I got was that the 10% was an additional payment and didn't come from the players winnings?

Either way interesting times ahead.

PS
If youre struggling to find a player to sponsor PM me! :D :rolleyes: :eek:
 
That's the way I read it too. The 10% to the sponsor is in addition to what the player wins. That's what makes it so nice.

And with so many qualifiers happening at once a person might show up at one where there are only a half dozen participants.

Now if Deno will only tell me where they have a qualifier and only have one person applied then I would have a chance to get on the tour. Ah, but I still would come in 3rd. LOL

I'll bet all sorts of people are trying to gt on the good side of Deno right now.

Oh, to be able to get into the IPT computer. I'll bet Cloie (from 24) could do it.

Jake
 
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The only drawback I see is if a person puts himself or his wife down as the sponsor. Would that be right? A part of me says it would be ok since they came up with the original $1000, another part says it is manipulating the system and how about the IPTer that originally got them excited and interested or even ran minis to get them in at a lower cost? (As I said before, no one is obligated to do so anyway.)

I doubt that many IPTers will get referrals now, since they would rather keep the bonuses 'in the family'. They can put their kids down for all anyone knows. Just a thought.
 
See, Linda's thinking like I am on this - just seems like another way they plan to just give money away for nothing. And no business can survive that way. There's something else going on, I imagine...
 
No, I stand corrected. The IPT is doing everything it can to get MORE money to IPTers. Originally, we were running preQ's thinking they could put down anyone as a referral, but now the IPT has said to heck with giving your time and energy away free - your name should be on the referral if you are running the minis. I like their way of thinking! :p

I think that by doing new and exciting things and by rewarding those that are marketing and helping out, it will create more interest and a wider fan base.
 
what about freaky people, who just send in the aplic with names of people that never aproved them to ref them?

like if linda was still qualifying,and i sended the form with her name on it without she knowing?

not that i would do so, but manipulators of the systems will always be around...
 
Good Math

Pyramid scheme
From Wikipedia, the free encyclopedia

A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered. Pyramid schemes have existed for at least a century. In addition, other methods of conducting business known as multi-level marketing (MLM) and as "matrix schemes" often closely resemble pyramid schemes (although unlike pyramid schemes, which are almost always frauds, MLM and matrix schemes are in many cases regarded — at least legally — as legitimate business methods).

Most pyramid schemes are attempts to confuse potential consumers into complicated but convincingly fool-proof money making scams. The essential idea behind each scam is that the individual only makes one payment, but somehow they are promised to receive exponential benefits from other people as a reward. A common example might be that a victim is enticed with an offer that, for a fee, allows them to sell the same offer to other people. Each sale includes a fee to the original seller. Clearly, the fundamental flaw is that there is no end benefit; the money simply travels up the chain, and only the originator wins in swindling his followers. Furthermore, the people in the worst situation are the ones at the bottom of the pyramid: those who subscribed to the plan, but were not able to recruit any followers themselves. To embellish the act, most such scams will have fake referrals, testimonials, and information.

Although pyramid schemes have been declared illegal in many countries, they still persist in various forms.
 
Pre-qualifier - qualifiers

I played in a pre-qualifier for one of the original 10 open spots and failed, but two issues were raised about these pre-qualifiers.

1) If the IPT is recommending these pre-qualifiers to promote the IPT (which Deno has specifically stated in his post) why were they played in a completely different format than the the actual tour format?
ie: double elimination vs. round - robin

2) What directions or ethical protection is in place by the IPT to preclude a person from buying a 1000.00 qualifier spot and then get 20 players to put up 100.00 each. A person could double their money and not hit a ball?
 
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sponsor return from IPT

I read the press release and it sounds like the sponsor would get a 10% kick back from the IPT if their player qualified for the event. Then, the sponsor would get 10% FROM the player's winnings at the event.
 
Banker Burt said:
I played in a pre-qualifier for one of the original 10 open spots and failed, but two issues were raised about these pre-qualifiers.

1) If the IPT is recommending these pre-qualifiers to promote the IPT (which Deno has specifically stated in his post) why were they played in a completely different format than the the actual tour format?
ie: double elimination vs. round - robin

2) What directions or ethical protection is in place by the IPT to preclude a person from buying a 1000.00 qualifier spot and then get 20 players to put up 100.00 each. A person could double their money and not hit a ball?
Click to expand...
I don't see no.2 as being unethical. If someone has the energy and time to organize a mini-qualifier, and the players agree to participate under those conditions, the he is simply serving a market. If their cut is seen as too big, then there is an opportunity for the players or someone else to set up an event that suits the players better.

Good event managers earn a lot of money for their talents in the real market. Managing events requires effort and costs.
 
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