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Fee Free Friday – May Day Edition
It’s Fee Free Friday! This week’s rancor includes a look at how dynamic pricing algorithms may be hiding tickets fees, an example of 150% per ticket service fee(!), and a fee-free victory in Kansas City, Missouri. Baseball’s new dynamic pricing algorithms Earlier in the week Ticket News wrote how Major League Baseball teams are using so-called dynamic pricing algorithms for tickets sales to games. Dynamic pricing has been used by hotels, rental car companies and airlines for years...
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What happens to concert ticket collecting in the paperless “e-ticket” age?
Concert ticket collecting is a popular hobby and a lucrative commercial industry. In this post, we spotlight some examples of concert ticket collecting, past, present and future. Why do we blog this? Your ThunderTix account supports the three most popular ticket printing methods and we recommend that you use the print-at-home option to lower costs – but that option may not have enough of the “souvenir” value that is so important to music fans. By knowing what makes tradition...
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How Alchemical Arts Alliance Manages High Demand for “Burns”
Alchemical Arts Alliance recently sold out their event in less than 24 hours using ThunderTix. We helped them respond to unprecedented demand and will do so again later this year. Known the world over, Burning Man is an outdoor festival celebrating individual self expression, technology, art and music, held each year in the remote desert of Northern Nevada. The first Burning Man was originally planned to be a one-time event. The first event was such a success, that it has been held every ye...
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On Ticketing: Summer of Flat Sales
In a dubious record breaker, 2010 will mark the year of falling ticket sales. High profile acts like the Christina Aguilera, Eagles, Lilith Fair, and even the engaging American Idols have canceled entire tours or tour dates. What’s going on? One obvious problem is the economy. From housing to retail, the economy has wreaked havoc on people’s buying power, and leisure activities like restaurants or entertainment are often the first to lose. Lack of demand for tickets. In the case of...
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Create Advertising Revenue with Print-at-Home Tickets
Print-at-Home tickets are becoming a popular option for ticket buyers looking for a fast and inexpensive way to receive their tickets. Venues save time and money by eliminating the time required to mail ticket orders, the cost of purchasing ticket stock and specialized thermal printers, and the need to staff a will-call check-in area. Print-at-home tickets are also a great source of additional revenue for your venue, as they offer advertising space for sponsor logos or coupons. Many of our Thun...
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Dynamic Ticket Pricing Increases Profitability
Dynamic ticket pricing is the latest trend in event management, but venues and event promoters have been practicing this pricing method for years. The concept is simple. If an event is not selling as expected, ticket prices are discounted below the original price; if the event is in high demand, ticket prices go up. A dynamic pricing model can help your venue sell more seats for low demand performances, while increasing revenue for the most popular ones. Think of a seat as a perishable good. A...
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