1st Edition

Strategic Pricing for the Arts

By Michael Rushton Copyright 2015
116 Pages 4 B/W Illustrations
by Routledge

116 Pages 4 B/W Illustrations
by Routledge

116 Pages 4 B/W Illustrations
by Routledge

With roughly half of all income for non-profit arts organizations in the United States coming from earned revenue rather than donations and state funding, the issue of pricing is paramount to success in the arts industry, yet pricing is not covered in any existing textbooks. How should prices differ between ordinary and premium seating? How much of a discount in admission should be... Read more

1. Introduction  2. Preliminaries  3. Setting a Single Price  4. Segmenting the Market  5. Two-Part Pricing  6. Pricing Quality  7. Pricing Quantity  8. Tied Sales  9. Dynamic Pricing  10. Pricing for Mission

Biography

Michael Rushton is Professor and Director of Arts Administration Programs at Indiana University, USA

'This book is essential reading for anyone involved with Art’s Management. Michael Rushton provides the first comprehensive guide to setting prices in the Art’s markets - a toolkit of advice in understanding how to determine ticket prices, discounts, and concessions' - Rachel Pownall, Associate Professor, Tilburg University, The Netherlands

'With declining subscription rates and the growth of dynamic pricing in ticket sales, arts organizations’ leaders urgently need a clear and systematic approach to the art of price-setting. Rushton’s strategic guide is a superb and indispensable resource.' - Patricia Dewey, Associate Professor and Director, Arts and Administration Program, University of Oregon

'This comprehensive yet straightforward portrayal of options for maximizing revenue will allay any skeptic's concerns that strategic pricing is elitist or a threat to accessibility and patron relations. Implementing effective pricing techniques will increase engagement, participation and revenue. It is a practice long overdue across the arts sector.' - Dan J. Martin, Professor, Carnegie Mellon University, USA