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Simple Strategies forFirst-Time Buyer Re-Engagement
1.
Simple Strategies for First-Time
Buyer Re-Engagement
2.
2003
3.
2003 Moneyball
4.
“The pleasure of
rooting for Goliath is that you can expect to win.”
5.
“The pleasure of
rooting for David is that, while you don’t know what to expect, you stand at least a chance of being inspired.”
6.
Conversations With Your Boss
7.
Conversations With Your Boss About
The Size of Your Budget
8.
Lately
9.
Lately We’ve Been Talking About the
Weather
10.
“…it’s been a
long, cold, lonely winter…”
11.
But I have
good news
12.
Saturday
13.
Saturday Pitchers & Catchers
14.
15.
16.
17.
First Permanent Home
18.
First Permanent Home August
2008
19.
2008-09 Season
20.
2008-09 Season Everyone was
new
21.
Now
22.
Now 60 to 70%
new
23.
August 2008
24.
$1.5 Million Dollar
Budget
25.
Overnight Everything Changed
26.
Expenses
27.
Expenses Revenue
28.
Expenses Revenue Expected Audience
29.
Theatre Communications Group
30.
Theatre Communications Group Group
3
31.
Theatre Communications Group Group
3 $1 to $3 million
32.
2009-10 Season
33.
2009-10 Season CST
34.
2009-10 Season CST 154
35.
2009-10 Season CST 154 14,800
36.
2009-10 Season CST 154 14,800 TCG
37.
2009-10 Season CST TCG 154 1,700 14,800
38.
2009-10 Season CST TCG 154 1,700 14,800 30,400
39.
Challenges and Opportunities
40.
Audience Initiative May 2012
41.
Audience Initiative May 2012 Where
are audiences coming from?
42.
Audience Initiative May 2012 Where
are audiences coming from? How often are they coming back?
43.
Audience Initiative May 2012 Where
are audiences coming from? How often are they coming back? What opportunities are we missing?
44.
First Two Seasons
45.
First Two Seasons 35%
first-time buyers returned
46.
Growth in Marketing Assets
47.
Growth in Marketing Assets Direct
Mail
48.
Growth in Marketing Assets Direct
Mail Email
49.
33%
50.
33% Hadn’t attended in over
one season
51.
Growth
52.
Growth Balanced With Retention
53.
Develop Reactivation Prospect List
54.
Develop Reactivation Prospect List No
attendance in 12 months
55.
End of Production
Run
56.
End of Production
Run Identify First-Time Buyers
57.
End of Production
Run Identify First-Time Buyers Invite them back
58.
End of Production
Run Identify Reactivations
59.
End of Production
Run Identify Reactivations Invite them back
60.
End of Production
Run 2-for-1 Tickets
61.
End of Production
Run Everyone Else
62.
End of Production
Run Everyone Else Buy 1 Second Ticket 50% off
63.
End of Production
Run Everyone Else Buy 1 Second Ticket 50% off 25% Discount
64.
2012-13 Season Results
65.
2012-13 Season Results 27,700
Patrons
66.
2012-13 Season Results 27,700
Patrons Multibuyer Households
67.
2012-13 Season Results 27,700
Patrons Multibuyer Households 578 to 944
68.
2012-13 Season Results 27,700
Patrons Multibuyer Households 578 to 944 63% increase
69.
2012-13 Season Results 27,700
Patrons Multibuyer Households 578 to 944 63% increase 670 Households Reactivated
70.
First-Time Buyer Retention
71.
First-Time Buyer Retention 10% Returned
as Multibuyers
72.
First-Time Buyer Retention 10% Returned
as Multibuyers 1% Subscribed
73.
First-Time Buyer Retention 10% Returned
as Multibuyers 1% Subscribed 6% Returned for Single Tickets
74.
First-Time Buyer Retention 10% Returned
as Multibuyers 1% Subscribed 6% Returned for Single Tickets 17% Returned So Far
75.
Creating Multibuyers
76.
How Do We Increase
Our Subscription Base?
77.
6% of Multibuyers Converted
to Subscribers
78.
6% of Multibuyers Converted
to Subscribers vs. 1% of Uniques
79.
Priming Our Audience
80.
Multibuyer Conversion
81.
Multibuyer Conversion 578
82.
Multibuyer Conversion 578 6%
83.
Multibuyer Conversion 578 6% 944
84.
Multibuyer Conversion 578 944 6% 9%
85.
An Additional Wrinkle
86.
An Additional Wrinkle Fundraising
87.
Loyalty Path
88.
Loyalty Path First-Time Ticket
Buyer
89.
Loyalty Path First-Time Ticket
Buyer Multibuyer
90.
Loyalty Path First-Time Ticket
Buyer Multibuyer Multibuyer/Donor
91.
Loyalty Path First-Time Ticket
Buyer Multibuyer Multibuyer/Donor Multibuyer or Subscriber/Donor
92.
Loyalty Path First-Time Ticket
Buyer Multibuyer Multibuyer/Donor Multibuyer or Subscriber/Donor Subscriber/Donor
93.
End of Production
Run
94.
End of Production
Run First-Time Ticket Buyer
95.
End of Production
Run First-Time Ticket Buyer Reactivated
96.
End of Production
Run First-Time Ticket Buyer Reactivated Everyone Else
97.
End of Production
Run Appeals
98.
End of Production
Run Appeals 7% Response Rate
99.
End of Production
Run Appeals 7% Response Rate All New Donors
100.
End of Production
Run Appeals 7% Response Rate All New Donors Matching Challenge
101.
End of Production
Run Appeals 7% Response Rate All New Donors Matching Challenge Herman & Frieda L. Miller Foundation
102.
Stronger Segmentation
103.
Created Personalized Messages
104.
Created Personalized Messages Marketing &
Development
105.
Retained First-Time Buyers
106.
Retained First-Time Buyers Created
Multibuyers
107.
Retained First-Time Buyers Created
Multibuyers Increased Subscription Base
108.
Retained First-Time Buyers Created
Multibuyers Increased Subscription Base Increased Patron Loyalty
109.
Attention to Detail
110.
Attention to Detail Customer
Experience
111.
Focus on Hospitality
112.
Inspiring
113.
“Great Reckonings In Little
Rooms”
114.
Nicholas Peterson Director of
Marketing Central Square Theater ndp@CentralSquareTheater.org 617.576.9278 x205
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