TRG presentation: What Price is Right? What Pricing Can Do for Museums

TRG's VP of Client Services Keri Mesropov, along with Heather Calvin of Boston’s Museum of Science and Jessica Toon of EMP Museum presented a session entitled “What Price is Right?” at the American Alliance of Museums 2014 Annual Meeting & Museum Expo in Seattle, WA.

This session explores how museums can use demand-based pricing strategies to set admission prices, service fees, discounts, and membership levels. Keri, Heather, and Jessica provided practical grounding and new ideas to help museum leadership determine what visitors should pay.

What price is right? What pricing can do for you from TRG Arts

Panelists:

Keri Mesropov, VP of Client Services of TRG Arts
Heather Calvin, Associate Vice President, Visitor Services and Membership for Boston’s Museum of Science
Jessica Toon, Director of Marketing and Audience Development for EMP Museum

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Case Study: Lyric Theatre of Oklahoma

Annual operating budget up 32% in 5 seasons

Photo: Joseph Mills

After a poor year for earned revenue in 2012, Lyric Theatre of Oklahoma (LTO) had rebounded and was experiencing a growth spurt. In 2013, Director of Marketing Danyel Siler had turned her attention to single tickets.

Her hard work had paid off, but season tickets were still a challenge. “Season tickets were steadily declining,” she said. “The season ticket campaign had been done the same way for years, maybe even decades. And we blamed the fall on the trend that subs were declining everywhere. Our executive director, artistic director, and I all knew something needed to change, but we didn’t know what.”


Jill Robinson	Adam Scurto	Amelia Northrup- Simpson

J.L.Nave	Vincent VanVleet	Keri Mesropov

Panelists:

Be notified of future content like this with eNews.

Case Study: Lyric Theatre of Oklahoma

Annual operating budget up 32% in 5 seasons

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