Structured Couponing Making a business case. Every chorus has these business needs Need for a ticket engine that includes, but is not overly dependent.

Slides:



Advertisements
Similar presentations
Consumer Promotions Chapter 11 with Duane Weaver.
Advertisements

Sales Promotion… Is an incentive to get customers, channel members, or the sales force to take some action (like buying) Has 2 basic types Price reduction.
Chapter 28 Promotion and Place Name 12 SAM.
LEQ WHAT IS THE PRIMARY PURPOSE OF THE PROBLEM-SOLVING METHOD? IN YOUR OWN WORDS, HOW WOULD YOU DEFINE IT?
Summary of Course Marketing Wichita KS February 10, 2010.
Accounting and the Business Environment Chapter 1.
What Is Sports and Entertainment Marketing?
Performance Measures- Leading Indicators (Activity Drivers) Prepared by Group 4: Andrew Molloy Amy Miller Mike Elicker.
How to calculate the ad budget. Calculating the Ad Budget.
Sports and Entertainment Marketing © Thomson/South-Western ChapterChapter What Is Sports and Entertainment Marketing? 1.1 Marketing Basics 1.2 Sports Marketing.
#1 Google #2 Facebook #3 Youtube #7 Ebay #8 Twitter #9 Craigslist.
7 HABITS OF HIGHLY EFFECTIVE TRAVEL ENTREPRENEURS Presented by Meredith Hill.
OWN A FRANCHISE OR START A BUSINESS
SELECT A TYPE OF OWNERSHIP
Explaining the Different Costs, and Profits on The Dashboard of The Marketing Machine Ted Mitchell.
Brand Engagement Study - Retail. Brand Engagement Studies To demonstrate the ability of internet advertising to drive engagement To measure the effects.
Principles of Marketing Lecture-35. Summary of Lecture-34.
Reality Show. In this unit, you have been asked to help a TV production company create a new exciting reality TV show! You are learning to: Understand.
SELECT A TYPE OF OWNERSHIP
Alternative Revenue Sources. Agenda Ideas for Generating Additional Revenue That Work for both Non-Profit and For-Profit Groups of All Sizes How to Make.
The PLC BMI3C.
1 Modern Marketing Strategies Presented by Josh Williams Electronic Marketing Presentation // November 30, 2006.
A Unique Marketing Opportunity For ONE of our SPECIAL CLIENTS in the TriCities! The TEAM that will MAKE IT HAPPEN --Tonya Clay, Interactive Account Executive,
Programming Department Fundraising. Agenda Fundraising Events Calendar/Event Form Type of Event Event vs. Program Target Audience Pricing Structure Add-Ons.
CHAPTER 7 MARKET STRUCTURES. Pretending you were the owner of the company on your sheet of paper… 1) How much competition do you have (how many other.
Thoughts on Technology Issues for Small Business Top Five Technologies for Small Business.
Who Demand? YOU YOU Demand! Demand!. The obligatory vocabulary. Demand microeconomics demand schedule demand curve Law of Demand market demand curve marginal.
The Budget Welcome! So you’re looking to buy a car? The first step to successfully purchasing a vehicle is to make sure you have enough money to buy it.
The Usage and Value of Local Search Sources comScore study findings / marketer application Stuart McKelvey, CEO - TMP Directional Marketing Search with.
To start a new business, buy an existing business, or buy a Franchise
For use only with Duncan texts. © 2005 McGraw-Hill Companies, Inc. McGraw-Hill/Irwin Personal Selling.
Marketing & Advertising The Brochure Project. Technology Standard Abilities for a Technological World: Standard 11 - Students will develop abilities to.
© 2004 Mark H. Hansen MARKETING COMMUNICATION. Marketing Communication © 2004 Mark H. Hansen 2 Integrated Marketing Communication (IMC) 1 – provide answers.
Promotion, Advertising, and Sales Promotion Strategies Pertemuan 22 Buku 1 Hal: Matakuliah: J Strategi Pemasaran Tahun: 2009.
3.4 How do businesses operate1 Unit 3.3/4.3 Information in Decision Making.
Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Lecture 3 [Chapter 3]
SOFTWARE ENGINEERING MCS-2 LECTURE # 4. PROTOTYPING PROCESS MODEL  A prototype is an early sample, model or release of a product built to test a concept.
© 2007 Pearson Education Canada 1.1 Accounting and the Business Environment Chapter 1.
CHAPTERS 4-6 SUPPLY & DEMAND Unit III Review. 4.1 Understanding Demand Demand: the desire to own something and the ability to pay for it. The law of demand:
Unit 8 Financial Issues & Accounting Records Small Business Operations.
1 - 1 ©2002 Prentice Hall, Inc. Business Publishing Accounting, 5/E Horngren/Harrison/Bamber Accounting and the Business Environment Chapter 1.
Advertising. Advertising Topics: Advertising –Creating good advertising –Selecting Media Friday – Project Introduction -Forming of Groups -Choosing of.
Return on Investment “How profitable is the hospitality industry?”
Kautilya Ecommerce Efficiency Measurer
4.01 PRICING. ESSENTIAL QUESTIONS A: What are the concepts of pricing in SEM? B: How do the 5 factors affect pricing in SEM?
Writing a Science or Engineering Paper: It is just a story Frank Shipman Department of Computer Science Texas A&M University.
Economics Unit Three: Supply. Supply Supply refers to the willingness and ability of producers to to offer goods and services for sale – Anyone who provides.
What Is Sports and Entertainment Marketing?
Few Tips To Buy Homeowners Insurance Leads. The lead generation market is constantly developing with the increasingly developing new lead generation models.
"Most of the things we buy are wants. And we call them needs, but they're wants." - Dave Ramsey.
General exam advice Do not write too much on ‘give’, ‘outline’, ‘identify’ or ‘state’ questions as you WILL run out of time. E.g. a three mark question.
An objective Cashcrate Review. Can I make money with Cashcrate?
MGT301 Principles of Marketing Lecture-35. Summary of Lecture-34.
Price  Price changes always affect the quantity demanded because people buy less of a good when it goes up in price.
ChapterDemand 8 8 Guiding Questions  Section 1: Understanding Demand  How does the law of demand affect the quantity demanded? The law of demand states.
Ten Reasons Why Newspaper Preprints Work Environment.
Movie Marketing. Trailers Advertisements for movies Advertisements for movies Shown before other movies in theatres On TV On Internet Critical for attracting.
Temperature Controller for Contact us : (091) (011) , for more :
Business Catalyst Sales Training Webinar Selling on Strategy: How to close more than 90% of your prospects.
Engineering Design Process Selecting an idea – design and build Steps 3 and 4.
Merchant Services for Website Paycron. About Paycon Paycron is purposive in meeting immediate solutions in crafting merchant account services and credit.
The Marketing Concept Chapter 4.1.
Investing in research, making a difference. Valley of Death: Surviving the journey from idea to product Richard Schifreen, WARF Accelerator Program.
Marketing & Advertising
Survey Results April 2017.
Managing global accounts
Advertising.
The role and value of the pre-sales person in the sales cycle
So you want to make more money?
Cost-Volume-Profit Analysis and Planning
Presentation transcript:

Structured Couponing Making a business case

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

How do you meet these needs? Pump lots of money and time into marketing and marketing research Or try what we tried … STRUCTURED COUPONING

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

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 Singer  Audience to Organization  Audience. This is CRITICAL to your future success. It helps you capture new audiences who, in their initial exposure to you, are extremely price sensitive

Our Solution: Structured Couponing

Ancillary things we did RAISED the prices of tickets as we implemented this Issued paper coupons to the singers (as well as ing them)