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Competition BBQ *On Topic Only* Discussion regarding all aspects of Competition BBQ. Experiences competing or visiting, questions, getting started, Equipment, announcements of events, Results, Reviews, Planning, etc. Questions here will be responded to with competition BBQ in mind.


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Unread 12-10-2008, 12:45 PM   #1
jbrink01
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Default The Money (Long)

OK, maybe I'm just slow on the uptake, but I've got 1 nagging question. Reading another thread a comment was made about not going to the Jack, because the payday was light. I agree it's light, but if you do contests, it ain't for the money. I'd cook the Jack no matter the cost if invited.

Then Scottie (CSC) made a comment that it was about the money and his foundation. Agreed, great cause, but - nagging question is back!

How much money can be made as a function of the contest circuit from prize money and associated ancilliary sources? I know that if I cater 2 days any given week for 200 people each time, that I can generate somewhere in the neighborhood of $4000 - $6000 in revenue.

How can contests, with all the variables taken into consideration, be a viable revenue stream?
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Unread 12-10-2008, 03:58 PM   #2
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Guess I'm the only one that can't figure it out. Hmph.
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Unread 12-10-2008, 04:08 PM   #3
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We don't expect to break even at contests. If we did we would be highly disappointed. Doing comps is not for the money, it is for the fun and friendship.
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Unread 12-10-2008, 04:09 PM   #4
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I think contests can be "about the money" without being a viable revenue stream. Mainly because cooks are looking to recoup expenses. Most hobbies don't allow for recouping expenses unless you do them competitively. To me, being about the money just means that I get to make back some of the cash I've put out to enter, not that I'm earning a living at it (God forbid I ever had to rely on my Qing abilities). This allows me to enter more contests to continue to do the thing that I enjoy.
Problem is, there are so many expenses for numerous contests and I can't make it all up on one or two so it isn't a viable revenue stream.
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Unread 12-10-2008, 04:23 PM   #5
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Jeff,
Makes perfect sense, sort of our philosiphy. I was just intrigued by Scotties comment that it was about the money. I see some teams pouring what appear to be huge amounts of money into contests (it costs us $500 - $1000 each) so if you go do 10 or 20, it's getting really expensive.
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Unread 12-10-2008, 04:26 PM   #6
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Well I darn sure know the contests are not about the money for us as I would go broke. We go for the friends. Piss of the people who don't like us so what.hahahaha I do however like the cash cash cash I think that is why my middle name is Grant or Cash. Yep it is Cash anyway I like cash so it is for the cash.

I guess I lied I am in it for the money. grin smiley face guy should be here now. but I can't find him.
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Unread 12-10-2008, 04:44 PM   #7
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I did 4 contests this past year, which was my first. I broke even or made a tiny amount in two of them. I agree that it's about the experience more than anything, but it is definitely nice to come home with a check.

As for a viable revenue stream, I can't imagine that. If I won 10 GC in a year, I couldn't replace close to my normal job. Now there's something to be said for Q-ing competively for a living, no boss, etc. I guess it comes down to how much sponsors will pay, but I doubt it's that much. Especially in the upcoming year with everyone cutting back on expenses.

I don't think it's wrong to approach this like a business, to some degree. But I agree, if I was just looking to make money I would unfortunately be dissapointed more often than not.
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Unread 12-10-2008, 05:47 PM   #8
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It's about the money for me, because that is what my foundation is all about. I chose to tie my hobby into something that I believe strongly with. Raising money to find a cure for cancer. So if I am able to make money at a bbq contest, in the end, it's a victory for a cause. Granted, I get to keep the hardware....
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Unread 12-10-2008, 06:16 PM   #9
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I read in the paper a guy who made over $40,000 one year in prize money. If you do enough contest and your consistently good you will make some good money. Then sponsors come in and soon you aren't paying for a whole lot out of your pocket.
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Unread 12-10-2008, 06:31 PM   #10
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Breaking even is a bonus for us. All of the fun for free!
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Unread 12-10-2008, 06:41 PM   #11
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Quote:
Originally Posted by Buster Dog BBQ View Post
I read in the paper a guy who made over $40,000 one year in prize money. If you do enough contest and your consistently good you will make some good money. Then sponsors come in and soon you aren't paying for a whole lot out of your pocket.
If you cook enough, and you are good enough it could be done I guess. That's a hard way to earn 40K though.
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Unread 12-10-2008, 08:36 PM   #12
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Quote:
Originally Posted by scottyd View Post
Well I darn sure know the contests are not about the money for us as I would go broke. We go for the friends. Piss of the people who don't like us so what.hahahaha I do however like the cash cash cash I think that is why my middle name is Grant or Cash. Yep it is Cash anyway I like cash so it is for the cash.

I guess I lied I am in it for the money. grin smiley face guy should be here now. but I can't find him.

I agree that it is not all about money. We all like winning and getting some cash back. I know the very very few times we have gotten a call our team does not split the money. We put it back in the pool for our next comp. But regardless it is a lot of fun and get to meet really nice people.
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Unread 12-10-2008, 09:10 PM   #13
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That was my post originally referenced and as I said...I was gonna get pounded for my view...which is OK. I knew I would be stepping on the pride of those that may have done well at the Jack and my sincere congrats to them for their excellence! It apparently means a lot. To us however, I would take as much pride in a win we had in non-sanctioned South Carolina event as the Jack. J.D.'s make darn good booze but DO NOT take care of the winners with accepatable cash prizes considering the prestige their marketing department has been successful in creating for this brand. MANY other contest pay out a WHOLE lot more and unfortunately do not carry the recognition because they use their earned income for nonprofit purposes. AND worse, the KCBS plays right into this nonsanctioned (I believe) cook. Why other contest organizers are not up in arms with it is a suprise to me!

We do in excess of 20 contests a year and we HAVE to be aware of the potential winnings or losses. because that is a HUGE cut into my personal funds. As a viable revenue stream....I would not hold my breath! To help pay for this expensive hobby is wonderul!

As Myron Mixon said once...and not an original phrase....but..."it's all about getting paid. Winning is fun to me." I agree.

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Unread 12-10-2008, 11:56 PM   #14
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I like Scottie's view on things, with his winnings going to his foundation to raise money for a cancer cure is awesome, my wife and I both are involved in our local relay for life, and I'm also a volunteer for the ACS road to recovery program, and once we get out comps skills up to par and get into the money, we'll be donating part of it to the acs,,cause we need to find a cure,, and it takes money to do that,, ,Keep up the good work scottie,, and its all about the money, money,,,yeah,,yeah,,,, I'm always looking for more ways to raise money in our area to help.
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Unread 12-11-2008, 12:02 AM   #15
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Quote:
Originally Posted by Tinybud View Post
I like Scottie's view on things, with his winnings going to his foundation to raise money for a cancer cure is awesome, my wife and I both are involved in our local relay for life, and I'm also a volunteer for the ACS road to recovery program, and once we get out comps skills up to par and get into the money, we'll be donating part of it to the acs,,cause we need to find a cure,, and it takes money to do that,, ,Keep up the good work scottie,, and its all about the money, money,,,yeah,,yeah,,,, I'm always looking for more ways to raise money in our area to help.

I you and Scottie. If we had more people like this in the world it would be a much better place.
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