MAY 2019

The Spektrix Insights Report 

Analysis on effectively engaging and deepening relationships with audiences, including online device usage, accessible online booking, and best practice for audience engagement and revenue generation.

Graphic representations of a varied group of people

 

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Spektrix Insights Report

Spektrix surveyed hundreds of arts organizations to uncover how the top 10 of institutions increased attendance, drove up revenue from individual contributions, and maximized return on investment from marketing campaigns.

Successful arts organizations share ticketing, marketing, and fundraising data between departments, with connected insights into patron behavior enabling personalized communications and increased revenue from online ticketing and donations.

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Cover of the Spektrix Insights Report

Chapter 1: Uncover How Loyalty Accelerates Growth

Most arts organizations spend a significant portion of their marketing budget on campaigns to attract new ticket buyers. If marketers were to refocus their spend on their patrons and reached a 5 percent retention rate, their organizations could expect a 5 to 95% increase in profit. In this chapter, arts marketers can explore how top-performing patron loyalty programs leveraged add-ons at checkout, personalization, and automation to enhance the patron experience, drive up re-attendance, and increase revenue.

 

Uncover strategies that increase patron loyalty

 

26% of customers return to most organisations, compared to 45% for the top peformers

Chapter 2: How to Increase Fundraising Revenue with Individual Contributions

Large institutional funders used to be the main source of donations for arts fundraisers. Today, most organizations have shifted toward smaller, but more sustainable contributions from their patrons. A central view of patron activity and shared insights between the box office, marketers, and fundraisers has empowered top organizations to build personalized donation campaigns that have increased online donation rates and expanded average donation size.

 

Explore fundraising tactics that increase individual contributions

6 times more online transactions contain donations, but phone or counter transactions are 1.9 times more lucrative

Chapter 3: How to Increase Donations from Individual Contributions

Connecting with patrons in a crowded marketing landscape has grown increasingly expensive for arts organizations. To communicate with their patrons, increase attendance, and facilitate individual donations, arts marketers have embraced personalized email marketing campaigns.

 

Maximise ROI from email marketing campaigns

Device usage and conversions for all organisations and top performers - describved in Insights Report

Chapter 4: Create an online experience that promotes conversions

Websites have become the primary touchpoint between arts organizations and their patrons. But online checkout processes are often confusing for patrons and impede them from completing their orders. To improve online conversion rates and maximize revenue, box office professionals have created intuitive, patron-focused checkout processes.

 

Encourage patrons to book online

Average mobile conversion rate is 16% compared to 35% for best performing organisations

Chapter 5: Maximize revenue from online transactions

With streamlined online experiences comes the opportunity to upsell, incentivize and drive spend from your patrons. Dynamic pricing, personalized recommendations, and upselling of everything from catering to programs, car parking and transport, all provide opportunities to boost yield and fill space to capacity.

 

Understand what audiences value to drive increased yield

24% of attendees book frequently in most organisations, compared to 44% for the top performers
"The vast majority of our strategies surrounding audience retention have been made possible by using technology which allows us to segment, track and action our plans. An integrated email platform has had a major impact on audience loyalty."
Jocelyn Meyer, Director of Marketing & Communications
Ensemble Theatre, Cincinnati, Ohio
"Our new user-focussed website will allow Traverse to take its online marketing campaigns from efficient to intelligent, improving ticket sales and ROI."
Victoria Murray, Head of Communications
Traverse Theatre, Edinburgh, Scotland
"Adding donations in checkout is a lucrative source of revenue. Some ticket buyers add a significant annual fund donation when they purchase a subscription or ticket, but most ticket buyers use our 'Give us $2' option. This brings in around $5,000 for us annually."
Kristen Gwock Silton, Marketing & Development Director
Actor's Express, Atlanta, Georgia
"I wanted to congratulate you on your new [accessible] online booking process, which was wonderfully efficient. The online guide for access members was very helpful, and I am hugely impressed by the care you have taken in constructing the system and supporting your access bookers."
Online access booker
Chichester Festival Theatre, West Sussex, England
"By introducing dynamic pricing, we’ve already generated extra income without compromising our accessible range of ticket prices. Longer term we hope the strategy will encourage customers to book earlier to secure the best prices."
Rebecca Molloy, Box Office Manager
Bristol Old Vic, Bristol, England

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