I just went online to adjust my fantasy football roster for this upcoming weekend and had the thought of brainstorming new business ideas for a fantasy football-related business with the biznik's.
I'm not intending to actually start one myself, but am curious to see what kind of different ideas and angles people can come up with to take a blossoming industry that few have figured out how to profit from and make something great - either a product, service or both.
All ideas are good except please don't come along and throw down the kibosh on what others are discussing.
I'll start:
From what I've seen, you have a league-manager subscriber-style database like ESPN your league can subscribe to that eliminates a bulk of the work of managing a league.
Then there is the publishing end - online and print publishing. Most online fantasy information is free these days.
So how to dip into the pockets of a massive group of sports fanatics?
My instinct is to not compete with ESPN. The only other angle I can think of would go something like this:
Hold pre-draft seminar at select locations. Sign up attendees for season-long premium package to include daily/ weekly members-only blog updates sent to their e-mail. Cost of premium package would cost maybe $50.
Sell pre-draft CD-ROM/DVD, designed to target new and emerging fantasy football participants looking to gain an edge and better understand the fundamentals while boning up on in-depth draft advice.
I'd like to hear what you think about these ideas and some of your own.
Cheers,
Spike