Events that are labeled "invitational" are generally limited to participants that are specifically invited such as Top Gun and other big name events.

The first step is to pick a date. Check the AMA calander to see all what is going on in the area.

Does your club have a CD? You need a CD to fill out a sanction. This does three things, most sponsors (other than local shops) prefer to support sanctioned events. Second it will generate a free advertisement in the back of the AMA magazine (and their web site) provided you make the 90 day deadline. Third it will ensure that no other clubs in the area can sanction an similar event on that day.