Pricing strategies can have great impact on deals and revenue for both agents and presenters. In the middle of this mix is the audience and their behavior that either creates demand for your performances, or leaves you with a lot of empty seats. Pricing and audience guru Jill Robinson of TRG Arts, Jackie Knobbe of APA Agency, Jeremy Ganter of Mondavi Center, UC Davis, and Joan Squires of Omaha Performing Arts discussed the ins and outs of maximizing revenue and developing audiences through pricing and scaling in this session, presented at the 2015 APAP conference in New York City.
11. Donors and
consummate
loyalists
The magic
of “and”
From 1st time to
second or last time
to NOW
VIP access
& pricing
Better access,
Incentives for
upgrades, adds
Least attractive
access, incentives
to upgrade
All Viewed Thru A-B-T
Sustainable Income: Integration of
Loyalty & Demand Management
15. How?
Demand strategy
1. Understand the impact of demand on
revenue, loyalty
2. Build the infrastructure for success
3. Manage it. Together.
16. Demand factors
Day of weekSeasonality
Time of day
Programming
Opening &
closing dates
Real Estate
Icons via the Noun Project under CC BY 3.0
Credit: Aditya Dipankar
17. Build the infrastructure for success
Develop a scale plan that works
• Manage perception and
maximize income
• Is your scale optimal?
• Does the house naturally
dress?
• Are areas selling out?
• In the right order?
• As a performance succeeds,
does per capita revenue rise?
30. THE ARTIST VIEWPOINT:
Agents, artists, and negotiations
Price points &
dynamic
pricing
Discounting Retention
Scale of hall Technology
Inventory
management