Jenifer Thomas

Data Mining: Digging for Nuggets to Make Pricing Decisions

Posted by Jenifer Thomas, Oct 04, 2012


Jenifer Thomas

Jenifer Thomas

Every time someone questions the value of data mining, I can’t help but hear the Gold Rush-era adage, “There’s gold in them hills!”

The wealth of information gleaned from data analysis can provide great guidance in decision making, especially in relation to pricing. And if you’re a data junkie like me, you might enjoy data mining, too.

Analyzing data gives insight into how the audience values our product. We can then price according to that value.

For example, an organization may assume that its box seats are the best in the house, and price them accordingly. But as the first performances near it’s clear that total sales are increasing, but the boxes aren’t selling. Often this prompts a frantic decision to discount those seats to encourage sales. But hold steady! A more reasoned approach is to ask a few honest questions:

  1. Is the box ticket price too high?
  2. Is our perception of the value of a box seat too high?
  3. Are the range and relationship of the prices out of whack?

Here’s where data comes in—mining into where people are choosing to sit in the house and what they are paying often gives answers.

For example, if we look at the data and see that demand is actually strongest in front-and-center orchestra radiating out, and there is little demand for the boxes, then the audience is spelling it out for us. They value the orchestra seats more and are willing to pay a price they deem reasonable for that value. The box seats are not as valuable to our audience, and the pricing is not reflecting that difference in value.

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Tim Mikulski

Wallace Studies Offer 21st Century Answers for Audience Engagement

Posted by Tim Mikulski, Feb 15, 2012


Tim Mikulski

Tim Mikulski

Late last year, the Wallace Foundation released a series of studies under the banner "Wallace Studies in Building Arts Audiences."

The series includes four case studies highlighting examples of audience engagement with new and younger audiences without alienating loyal and long-time constituencies.

The four case studies run the arts discipline gamut from the San Francisco Girls Chorus to the Steppenwolf Theatre Company, Boston Lyric Opera, and the Isabella Stewart Gardner Museum in Boston.

Each study is available for downloading and three of the four include online extras that help further illustrate the organizations' work.

Here's a quick rundown on the case studies:

More Than Just a Party -- "Senior management gave a team of young middle managers the authority to plan and run an evening event aimed at both attracting more 18-34-year-olds and encourage them to engage with the art. Through a series of inventive steps, from hosting games that enabled exploration of the artworks to using hip, young volunteers, the team created a program that exceeded expectations."

Cultivating the Next Generation of Art Lovers -- "[Boston Lyric Opera] would take its abridged operas used in school programs, and turn them into high-quality productions for families...the family performances would feature not only professionals singers, but also an orchestra and new costumes, props, and sets...Post-show surveys revealed the majority of adult attendees were opera fans who wanted to introduce their children to the art form, thus meeting two of [their] goals---providing children with their first experience of opera and creating opportunities for their busy parents to attend performances."

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Ms. Devra L. Thomas

We Share Awesome

Posted by Ms. Devra L. Thomas, Oct 01, 2012


Ms. Devra L. Thomas

Devra Thomas

How do you keep your audiences coming back for more? World-class art? A triple-digit marketing budget? How about making friends with them and creating an awesome experience from the moment they enter your space to the second they exit?

Scott Stratten, in last year’s NAMP Conference keynote speech, said, “We don’t share brochures. We don’t share logos. We share awesome. We share experiences.”

How is your organization crafting the total experience for your audience, or is it? Too often in the administrative world we get caught up in the questions of how we find new audiences and how we get those audiences to give us more money.

Those are valid questions, but exist in the before and after of the actual art experience. As administrators, we need to be more concerned with the “during” portion of the audience member’s visit, as this is the best time to turn them into friends. The customer’s personal experience with our organization does not begin when the lights go down, or when they stand in front of a painting, it begins the minute they pick up the phone to buy tickets or they step in the door for the show. It doesn’t end with the applause; actually, the goal is for it not to end, but to grow into a personally (and, yes, financially) valuable relationship.

Yes, the art itself is of the utmost importance. You don’t go to a restaurant, have a bad meal and exceptional service, and say, “Oh, I have to go there again, the food was awful, but that waiter!” But the reverse is often true: you can partake of a wonderful meal—or show—and have terrible service but go again because the product was good.

Imagine what would be said about your organization if you combined your great art with exceptional service: “I love coming here because you’re all always so friendly.” Or “I feel like I’m part of the family and wanted my friends to meet you.” Crafting an exceptional customer service mindset within your entire organization is the fastest way to start creating those awesome experiences that your audiences will share.

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Dr. Doug Borwick

Lessons from the Ballpark

Posted by Dr. Doug Borwick, Oct 04, 2012


Dr. Doug Borwick

Doug Borwick

Last month I was minding my own business attending a minor league baseball game with friends, thinking not a whit about the arts. Then something remarkable happened.

Between innings, a young girl who had endured multiple open heart surgeries that saved her life was recognized, along with her family and doctor. She then ran around the bases as part of a program by the ball club called “Home Run for Life.”

This girl’s story had nothing to do with baseball. The program is clearly an effort on the part of the team to connect with its community. So that got me thinking...

What was the mindset that led to this promotion?

Clearly, it was about the team’s interest, for pragmatic reasons to be sure, in being seen as a responsible, caring member of the community. What really got the wheels turning was trying to imagine something similar happening in the arts.

Some of you may say that such a program would not be appropriate for an arts organization, and I am certainly a stickler for focus in adhering to the mission. This specific example is probably not a helpful model. But it’s the mindset that led to the "Home Run for Life" program that intrigues me.

What sorts of activities might come from a view of the “arts self” wanting to connect with the community, even ones that were not directly related to the arts?

After I started down that road, I began to look at the other activities at the ballpark that evening. There were fan participation activities, singalongs (including, of course, “Take Me Out to the Ballgame”), contests, and fireworks at the end. Many of them were silly to the point of being embarrassing. Many (most?) had little or nothing to do with baseball. I would certainly not advocate for toddler races in Symphony Hall!

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John Eger

Technology Driving Arts Attendance, Engagement, & Fundraising

Posted by John Eger, Jan 08, 2013


John Eger

John Eger

 

In the last decade alone, any business without a web presence—without an online, interactive website—was simply, not in business. Or wouldn't be for long. The government and nonprofit sector soon learned their way around the internet too. Now the Pew Charitable Trusts, specifically the Pew Internet and American Life Project, in a major survey covering 2007–2011 and involving 1,256 arts organizations, reported that: "The internet and social media are integral to the arts in America." The survey found:

  • 81 percent of the organizations in this survey say the internet and digital technologies are "very important" for promoting the arts.
  • 78 percent say these technologies are "very important" for increasing audience engagement.
  • 65 percent say digital technologies are "very important" for fundraising.

There seemed no question that web presence was "important" or "very important" although not everyone is persuaded—yet—that an internet strategy is a priority. Those reporting also felt that such technologies "disrupted much of the traditional art world" by changing "audience expectations, put[ting] more pressure on the arts groups to participate actively in social media and in some circumstances, undercut[ting] organizations' mission and revenue streams." In fact, 40 percent believe that "attention spans for live performances" are being negatively impacted.

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