Webinar: Pricing drives revenue at New Wolsey Theatre
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TRG Blog: Analysis from TRG Arts


07.28.2015 Webinar: Pricing drives revenue at New Wolsey Theatre

Amelia Northrup-Simpson | July 28, 2015 11:00 AM



 Stephen Skrypec
Head of Sales and Marketing
New Wolsey Theatre
Lindsay Anderson
VP of Client Development
TRG Arts

“Our patrons won’t pay that…”

“Everyone wants to sit in this section…”

Our assumptions about what our audiences will and won’t want or do can stop us from pricing to optimize revenue for our organizations. But we don’t really know until we look at the data. Ignoring what patron data tells us about pricing can lead arts organizations to leave money on the table—money that could be sustaining their mission.

At The New Wolsey Theatre in the U.K., small changes to pricing strategy resulted in big revenue increases. In just nine months, the company reported a 31% increase in box office gross—without selling more tickets. In this free webinar, New Wolsey’s Head of Sales and Marketing Stephen Skrypec and TRG’s VP of Client Development Lindsay Anderson shared how the theatre updated daily practices and challenged prior assumptions about audiences, leading to their success. We examined how arts organizations, whether in the U.S., U.K., or elsewhere, can use pricing to drive patron behavior and revenue.

In this case study of data driving action, and action driving results, we covered:

  • What the data told New Wolsey about their audience’s seating and pricing preferences
  • How they acted on that data through changes to their scale plan, discount policy, and dynamic pricing
  • How changes supported accessibility, loyalty, and sustainability
  • About simple adjustments you can make and metrics to look at to maximize revenue for your organization

Watch this webinar

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Pricing jargon: Talk the talk.

Wait, what's a heat map? And how's it different from a seat map? 

Are you confused about the terms used in this webinar? We've compiled a list of commonly used pricing terms in the performing arts. Read more>>


Get the full story in the New Wolsey Theatre case study

Photo by Mike Kwasniak.

In the face of funding cuts, New Wolsey Theatre wondered what they could do to grow earned revenue when tickets were already selling well for most productions. Read about the changes that the theatre made to their scale-of-hall plan, pricing table, dynamic pricing strategy, and discount policy that resulted in a 31% one-season increase in box office gross. 

Read more>>







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Case Study: New Wolsey Theatre


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Case Study: Lyric Theatre of Oklahoma

Annual operating budget up 32% in 5 seasons

Lyric Theatre of Oklahoma 
 Photo: Joseph Mills

After a poor year for earned revenue in 2012, Lyric Theatre of Oklahoma (LTO) had rebounded and was experiencing a growth spurt. In 2013, Director of Marketing Danyel Siler had turned her attention to single tickets.

Her hard work had paid off, but season tickets were still a challenge. “Season tickets were steadily declining,” she said. “The season ticket campaign had been done the same way for years, maybe even decades. And we blamed the fall on the trend that subs were declining everywhere. Our executive director, artistic director, and I all knew something needed to change, but we didn’t know what.”

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A boot camp for arts marketing and fundraising leaders


Friday, August 18, 2017 
Online Workshop (11am-2pm MDT)

Do group sales contribute less than 10% of your single ticket revenues? Does your organization only sell tickets to groups reactively? Are you setting group sales goals only to fall short every year?

After subscriptions, group sales is the most important ticket-buying group for an arts and culture organization to cultivate. In this one-day session, learn how to leverage your group sales program to create a renewal base of loyal customers, while also driving new patrons to attend, all by tapping into the social networks that already exist within your marketplace. 

You’ll leave with your own, unique group sales campaign plan for next season, front-line sales strategies, and projections of what is possible for growth.

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Adam Scurto
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Simpson
J.L.Nave Vincent VanVleet Keri Mesropov
 

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