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3 Reasons Ticket Management Platforms Are Essential for Venues to Maximize Revenue
Ticket Utilization , Sponsorship Brian Basloe Ticket Utilization , Sponsorship Brian Basloe

3 Reasons Ticket Management Platforms Are Essential for Venues to Maximize Revenue

The right ticket management platform can make a tremendous impact on a venue’s top and bottom lines. The fact remains that every venue would love nothing more than to fill more seats for every event because each attendee acts as a revenue component. The true inherent value of a ticket far exceeds its face value. Today, many venues routinely miss out on the numerous additional revenue streams associated with a ticket such as food, beverage, merchandise, and parking. Simply put, a suitable ticket management tool can provide support to each of these areas and enhance ticket utilization while creating more revenue for any venue.

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3 Ways Brands Can Drive ROI from Their Ticketing Assets
Ticket Utilization Brian Basloe Ticket Utilization Brian Basloe

3 Ways Brands Can Drive ROI from Their Ticketing Assets

Let’s face it…many brands allow as much as 40-50% of their ticketing assets go to waste every year. Tickets are a perishable asset meaning that once an event has passed then a ticket is worthless. However, with the help of the right ticket management platform, there is a solution to this problem. Simply put, tickets need to be seen as the valuable assets that they are, whether they are used for business or personal purposes within organizations. In order for brands to drive additional ROI from their tickets, they need to be able to target specific audiences. Through activating targeted audiences (employees, customers, suppliers, VIPs, prospects, wholesalers, etc.) and generating additional demand beyond traditional requests well in advance of a sporting or live entertainment event, brands can utilize their total ticketing assets while driving ROI. Here are 3 Ways in which brands can drive ROI by utilizing their ticketing assets.

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