how to attract sponsors (prize money) for hosting your first tournament???
Ask the japanese organizers, a high school level esports event managed to get a total of 37 sponsors.
https://www.cocoyoko.net/e-sports/partner/
They really know business bro
Start off with an entry fee to lessen the burden or just bleed money for a bit until viewership goes up (how exactly to attract viewership is on you)
once you get enough viewership, there'll be a couple organizations willing to sponsor you
god knows how tf the random ascendant teams I pug against on gankster get sponsors
Yes that's what the plan was
But few days ago I saw HyperX sponsoring a CS2 event by some newcomer Mickey mouse organiser in my country (even the top Indian teams were not playing in that event) and they were getting some 70-120 views not more than that
And I thought maybe I could do the same but I have been getting rejected by the every sponsor I have mailed