Structured Couponing Making a business case. Every chorus has these business needs Need for a ticket...
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Transcript of Structured Couponing Making a business case. Every chorus has these business needs Need for a ticket...
![Page 1: Structured Couponing Making a business case. Every chorus has these business needs Need for a ticket engine that includes, but is not overly dependent.](https://reader036.fdocuments.in/reader036/viewer/2022072016/56649ef05503460f94c015a4/html5/thumbnails/1.jpg)
Structured CouponingMaking a business case
![Page 2: Structured Couponing Making a business case. Every chorus has these business needs Need for a ticket engine that includes, but is not overly dependent.](https://reader036.fdocuments.in/reader036/viewer/2022072016/56649ef05503460f94c015a4/html5/thumbnails/2.jpg)
Every chorus has these business needs• Need for a ticket engine that includes, but is not overly dependent
on, singers• Need to expand the ticket sales window well beyond the final week
or two before a performance• Need to capture patron contact data• Need to constantly expand our audience• Need to balance the sometimes conflicting objectives of attendance
and revenue, so that we attract the largest audience while generating the largest amount of revenue
![Page 3: Structured Couponing Making a business case. Every chorus has these business needs Need for a ticket engine that includes, but is not overly dependent.](https://reader036.fdocuments.in/reader036/viewer/2022072016/56649ef05503460f94c015a4/html5/thumbnails/3.jpg)
How do you meet these needs?
• Pump lots of money and time into marketing and marketing research• Or try what we tried …
STRUCTURED COUPONING
![Page 4: Structured Couponing Making a business case. Every chorus has these business needs Need for a ticket engine that includes, but is not overly dependent.](https://reader036.fdocuments.in/reader036/viewer/2022072016/56649ef05503460f94c015a4/html5/thumbnails/4.jpg)
Advantages of Structured Couponing• Easy to control because the coupon must be redeemed online• Always get full and accurate information because contact information
is entered at least 50% of your audience• Singers HATE being sales people and record-keepers; now they feel
like they are giving something away, not asking for something• The headache of keeping up with singer tickets, accounting for
money, and hounding them goes away• Gives you a way to objectively evaluate the effectiveness of your
advertising
![Page 5: Structured Couponing Making a business case. Every chorus has these business needs Need for a ticket engine that includes, but is not overly dependent.](https://reader036.fdocuments.in/reader036/viewer/2022072016/56649ef05503460f94c015a4/html5/thumbnails/5.jpg)
More advantages
• Money comes in weeks earlier, before the expenses are incurred• Creates early buzz• Improves your ability to predict attendance so you can do something
to impact attendance, trim costs, etc.• Shifts your primary relationship away from SingerAudience to
OrganizationAudience. This is CRITICAL to your future success.• It helps you capture new audiences who, in their initial exposure to
you, are extremely price sensitive
![Page 6: Structured Couponing Making a business case. Every chorus has these business needs Need for a ticket engine that includes, but is not overly dependent.](https://reader036.fdocuments.in/reader036/viewer/2022072016/56649ef05503460f94c015a4/html5/thumbnails/6.jpg)
Our Solution: Structured Couponing
8 wks out 7 wks out 6 wks out 5 wks out 4 wks out 3 wks out 2 wks out 1 wk out Concert0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%% of Tickets Sold
BOGOEmail only
Must redeem online
$5 Off Email / Print / Flyers / Broadcast / EVERYWHERE!$10 Off from Chorus Members Only
Must redeem online
NO COUPONS
![Page 7: Structured Couponing Making a business case. Every chorus has these business needs Need for a ticket engine that includes, but is not overly dependent.](https://reader036.fdocuments.in/reader036/viewer/2022072016/56649ef05503460f94c015a4/html5/thumbnails/7.jpg)
Ancillary things we did
• RAISED the prices of tickets as we implemented this • Issued paper coupons to the singers (as well as emailing them)