Today’s ‘Talking Tickets’ newsletter: GET IT DELIVERED TO YOUR INBOX…FREE!
You’ll get a little less ticket heavy newsletter this week as I can teach y’all stuff using:
- The Wordman himself
Next week and the week after, I’m on a holiday.
Miami, next week. I’m hoping to catch the Heat game on Tuesday and not much else.
The week after, I’ll be throwing an old folk’s dance party at my place so that the kids can hang out with their parents and rock out.
The next two weeks, I’m going to look back on the year that was.
Let me know about your plans for INTIX. I’ve got something I’m working on for my first trip back to Seattle in a few years.
But make sure to catch up with me and the folks at Booking Protect.
To the Tickets!
BTW, who do you have in the World Cup Final?
My webinar this week talked about the streaming wars and Apple’s investment in MLS.
Today, I’m going to use the lens of my upcoming teaching on brand management to share some tips to grow a brand after the World Cup capturing so many people’s attention.
FYI: These will all matter to you no matter what size your venue, team, league, or other sector of the business you work in.
In fact, doing them might be more important for smaller organizations.
- Research: Remember this: Market research is a proactive activity built on developing a hypothesis of the market or asking a question that you are looking to answer. In this piece, the article talks about 83% of MLS’s current fans watching on streaming devices. What about the fans you need to reach?
- Focus on your brand associations: Do people feel and think about you in the way that you want them to think about you. What associations do you have with MLS’s brand? Are they associations you’d want with your own brand? Now do your brand.
- Two steps: Diagnosis first. Strategy second: The first step you take is a step back: Brand tracking, segmentation, heritage, talking to fans, and figuring out what you’ve learned that you should apply next year. Second, build a strategy by understanding what you will and won’t do. As I’ll discuss in an upcoming episode with Chris Furnell from On the Mark, figuring out what you won’t do is the most important step.
- Brand Strategy is three questions: a) Who are we targeting? b) What’s our position? c) What codes are we going to use to communicate this?
- Radical Focus helps you: ESPN and FOX have been MLS partners for a long time. Apple has signed on for 10 years. These are long-term commitments. One big failure I see in branding and marketing is too much change. I’ve done a bunch of research and work on this and I find that it can take 11 or more touches to make a sale. I’ve found that your touchpoints start earlier and last longer than you imagine. And, I’ve seen that the effectiveness of an ad doesn’t really decline over time, but marketers get tired of the old ad and change it because they feel they have to do something.
- Do your research. Start with your most dedicated customers/fans. Find out why they love you.
- Understand what the market really thinks of you. Do the associations your brand generate meet the expectations you want?
- Strategy before tactics…diagnosis first. Spend a lot of time on getting the question and the map right.
Discounts are for Dummies! (God, this piece has been so good to me. Translated into 6 languages: Mandarin, French, German, Spanish, Portugese, and Russian.)
The Big Idea: Price is about value. Value is about perception.
SNL nails pricing.
It isn’t about what you think. It is about what the customer thinks.
When you offer a discount: imagine what the customer is thinking.
Better yet: find out.
- Undermine brand equity
- Kill profits
- Train customers to wait for a better deal
Big Idea: The biggest challenge any brand has is standing out in a competitive market.
Spoiler: all markets are competitive now. Think alternatives, not competition.
Dave lays out a really helpful set of examples on:
- Using humor to standout in your marketing.
- Developing a voice.
- Not being afraid to say to the market, “It’s okay mate, you aren’t for me.”
The best bit of the podcast is how he breaks down subject lines and offers the observation that 80% of the job of copywriting is getting the headline correct.
The More You Know: 2-3% open rates aren’t wins! They are losers! BIG FAT LOSERS. It is all in the headline.
Listen to the podcast.
We use examples from sports, concerts, professional services, insurance, and more to make the case that being creative is a process and being boring is a choice.
Santa’s experience gets elevated in Massachusetts.
The Big Ideas: A few things to notice here that stand out:
- Every touchpoint matters.
- Get into the mind of your customer. This is a good example of getting a premium because you know who the buyer is and the big point of influence. The parent is buying, but the real decision is being made because they want to blow their kids’ minds with an unbelievable experience.
- Nothing is destined to be a commodity. Mall pictures with Santa are a pretty standard Christmas commodity…not any longer.
As we say in the Seattle basketball community: Bring ‘Em Back.
Writing a song with lyrics about a monopoly is next level…if you ask me.
In my experience, I’ve never seen an artist take part in settlements. But even in my nightclub days when we worked with bigger artists, the deals I was part of were pretty straightforward.
I have seen some pretty heated settlement meetings though.
7 minutes on monopoly power, legislation, and Taylor Swift fans.
Give it a listen.
Check out the article.
The Mexican government has some pretty far-reaching powers to support customers and fight back against bad behavior.
But the best thing is that the President of Mexico offers to pay production costs if Bad Bunny comes back. Maybe this will catch on as a way to get people back into the cities, hotels, and other locations.
First, if you have a US Mac: Option & 3 gets you the Pound symbol.
You learn something new everyday.
This ruling is another example of how differently professional resale is taken in markets outside of the US.
Do I think this will eliminate ticket touting? Not at all.
Last week I talked about 10.7 M people attending Fortnite concerts now other folks are catching on to the ideas I’ve been offering up.
Here are a list of tools that you can check out and look at when you start thinking about whether or not the Metaverse fits into your strategy.
Linktree: Find everything I’m up to.
Join the ‘Talking Tickets’ Slack Group. Almost 300 people from around the world.
The folks from Booking Protect will be at INTIX in Seattle in January. You’ll be able to meet the Booking Protect team in person.
Offering your customers refund protection:
- Gives customers certainty in their purchase.
- Gives you a new revenue stream.
- Improves your customer service.
Great podcast conversations: Take your business to new heights by learning from the best in the business.
- Aren Murray
- Bill Guertin
- Scott Goodacre