transmend secondary ticket market analysis

12
© 2008 TransMend I2, Inc. All Rights Reserved. TransMend I2 Internet Intelligence (I2) Applications

Upload: wade-malone

Post on 22-Apr-2015

863 views

Category:

Business


0 download

DESCRIPTION

Secondary ticket market analysis for sporting events and concerts.

TRANSCRIPT

Page 1: TransMend secondary ticket market analysis

© 2008 TransMend I2, Inc. All Rights Reserved.

TransMend I2Internet Intelligence (I2) Applications

Page 2: TransMend secondary ticket market analysis

© 2008 TransMend I2, Inc. All Rights Reserved.

Today’s Agenda

• Quick TransMend Overview• The Secondary Market Impact• Ticket Goals and Challenges• TransView Solution• Maximizing Ticket Revenue• Next Steps

Page 3: TransMend secondary ticket market analysis

© 2008 TransMend I2, Inc. All Rights Reserved. 3

TransMend TransView: Retail Overview

• Provides customers actionable internet intelligence in:

― Secondary Online Markets― Competitive Intelligence― Reseller Compliance― Counterfeit and Fraud Prevention

• In use by:― Retail companies― Sports teams and leagues― Entertainment venues

• Application in used by top brands:― Atlanta Spirit (NBA Hawks and NHL

Thrashers)― Houston Rockets and Toyota Center― Minnesota Wild/Entertainment― Derby County― Research for GAP, Madison Square

Garden, NFL, etc.― SanDisk― Chico’s

Page 4: TransMend secondary ticket market analysis

© 2008 TransMend I2, Inc. All Rights Reserved.

The Problem: Lost Ticket RevenueBCS National Championship Bowl Game

Primary Ticket Market– Avg ticket price: $212

– Volume: 72,968 (not suites)

– Revenue: $13.3M (not suites)

$13M$13.3MPrimaryTicket Market

Revenue

$13.3M

Primary Revenue

Ticket VolumePrimary: 72,968

Secondary: 7,778

$24MSecondary

Ticket Market

Revenue

Secondary Online Ticket Market– Volume: 11% of total tickets

– Avg ticket price: $3100

– Total Online Revenue: $24M

Page 5: TransMend secondary ticket market analysis

© 2008 TransMend I2, Inc. All Rights Reserved.

Check In: Ticket Goals and Challenges

• Organization Changes? What will effect ticket revenue for ‘08-’09?

• Primary Ticket Market Goals?• Secondary Ticket Market Impact and Insight?• Secondary Market Channel Strategy? Partners?• Metro Competition for Ticket Dollars?• Marketing and Sales Planning?• Event Staffing?

Page 6: TransMend secondary ticket market analysis

© 2008 TransMend I2, Inc. All Rights Reserved.

Leveraging the Data: New Ticketing Strategies

– Ticket Staging: • Staging ticket releases• Ticket holding for prime seats

– Market Pricing: Pricing face value to better reflect demand– Dynamic Pricing: Variable pricing for during the season,

advanced purchases, etc.– Direct to Consumer: Help tickets searchers find best prices,

drive them to select partners, and promote suite use.– Secondary Market Partnerships: Choosing a select number of

partners in the ticket “value chain”.– Secondary as Primary: Using secondary market as primary

market– Channel Management: right channel for maximum revenue.

5

Page 7: TransMend secondary ticket market analysis

© 2008 TransMend I2, Inc. All Rights Reserved.

Intelligence You Need to Maximize Ticket Revenue

Code B Face Value $200

Ave Sales Price $300Total Tickets Sold

1000

Code C Face Value $90

Ave Sales Price $175Total Tickets Sold

600

Code D Face Value $150

Ave Sales Price $280Total Tickets Sold

2400

Code E Face Value $75

Ave Sales Price $100Total Tickets Sold

900

Code A Face Value $200

Ave Sales Price $400Total Tickets Sold

900

Code J Face Value $140

Ave Sales Price $200Total Tickets Sold

5000

Code I Face Value $100

Ave Sales Price $180Total Tickets Sold

1600

Code G Face Value $60

Ave Sales Price $90Total Tickets Sold

1200

Code F Face Value $80

Ave Sales Price $120Total Tickets Sold

1500

Code H Face Value $95

Ave Sales Price $165Total Tickets Sold

4000

Page 8: TransMend secondary ticket market analysis

© 2008 TransMend I2, Inc. All Rights Reserved.

Intelligence You Need to Maximize Ticket Revenue

Page 9: TransMend secondary ticket market analysis

© 2008 TransMend I2, Inc. All Rights Reserved.

Intelligence You Need to Maximize Ticket Revenue

Page 10: TransMend secondary ticket market analysis

© 2008 TransMend I2, Inc. All Rights Reserved.

Intelligence You Need to Maximize Ticket Revenue

Page 11: TransMend secondary ticket market analysis

© 2008 TransMend I2, Inc. All Rights Reserved.

Turning Unstructured Internet Data into Actionable Intelligence

TransView:

Compiles all secondary ticket listings on all sites into comprehensive view

Structures Unstructured Data

Extracts only relevant listings

Leverages patent pending algorithms to resolve multiple listings and determine ticket sales

Cross-site comparisons

Indentifies input errors

Filters data into listings, packages, parking, etc.

Customized Rules

Data becomes even more reliable combined with arena mapping, primary ticket data, partner ticket site data.

Page 12: TransMend secondary ticket market analysis

© 2008 TransMend I2, Inc. All Rights Reserved. 12

TransView Capabilities

• Monitors any or all secondary ticket sites in real time• Allows users to incorporate business rules that can do the

following:o Alert when volumes reach a pre-determined amount.o Particular sections of tickets go on saleo Pre-determined sales prices limits are met

• Provides a comprehensive, continual and historic view of ticket sales, volumes and prices

• Generates customized reports • Provides communication capabilities within or outside the

organization• Provide final sales price for auctioned tickets