Angela Gahan breaks down exactly what it takes to bring an entertainment production to Australia, and points out that it cannot sell just in Sydney, but has to be a show that can run throughout the entire country. Gahan specifies on pricing, brand and the art of the presale, where some shows are advance-sold over a year from performance night in order to gain its full audience. Gahan discusses various points of production contention, including travel costs and performers, which can make or break a show's extended run Down Under. Twitter: @gahan_Antix
When it comes to pricing, Mark Stiving is one of the people willing to explore every component of how to drive customers to buy. Stiving readily admits he does not understand why the secondary ticket market manages to exist aside from venues and teams not taking the pricing seriously, laying down details of different pricing modules that could work. Stiving discusses whether dutch auction pricing has any merit aside from going out of business sales, and how dynamic pricing could be broader, especially when considering weather. Stiving talks about his own research, meeting a product expert of an old industry in Las Vegas, and what it taught him about pricing overall. Twitter: @MarkStiving
Pricing ethics isn’t as discussed as it should be in the world of sports. Navdeep Sodhi, who has worked for Northwest Airlines in analyzing pricing, talks about some of the ways that sports franchises may not be as ethical in their dynamic ticket pricing structures and variables. Sodhi talks about pricing psychology, both when it comes to how the West, as well as China, react to different price models. This is a very good discussion in a time where teams may not be considering the long-term affects of their pricing decisions on both the customer and the marketplace as a whole. Twitter: @NavDeep_Sodhi
www.SodhiPricing.com
The best way to examine something is to see how the rest of the world reacts to it and that’s where John Manning comes in. Manning’s pricing principles are based in Australia, but has several years of experience in the Asian markets, focusing on the psychology of why we buy and what value we place upon it. Manning discusses some of the misconceptions that business have on pricing and how to ensure that the true value is reached each time when putting a number on a product’s value. Twitter: @PricingProphets