3 Cost Cutting Ideas for your Club & Suite Ticket Program

Written by: Brian BarkerĀ 

Updated: 11/28/2023

 

This past weekend, I was reminded of a costly lesson I learned in 2016. It was the scenario we Event Marketers work so hard to avoid at games & concerts. The painstaking coordination with sales reps, the grave-detailed emails we create… but as the saying goes, “we can lead ’em to the water, but we can’t make ’em drink.”

It was 5:30am on a Sunday (just hours before the NFL game). I get a txt from a rep hosting a client “Brad” at the game. “Brad can’t make it. Didn’t use our hotel room last night either. Sorry,” he said.

I’m not sure who’s at-fault, or if fault was even warranted. It was costly though. Between the 1 suite ticket ($1,250) we secured for Brad and his 1-night hotel stay ($297), the company was out $1,500+.

And while some of you may think, “this is just the cost of doing business… stuff happens,” I say you’re just avoiding an opportunity to save the company money going-forward AND multiply a ticket’s value in a situation like this: Brad feels bad about skipping (CREDIT) AND “Customer #2” feels ecstatic for the last-minute invite (DOUBLE-CREDIT).

Using this situation as a career catalyst, I eventually found myself developing an entire platform NextLevelFan.com to create all kinds of opportunities for companies with club & suite ticket programs.

Below are 3 cost cutting ideas I’ve found to work wonders.

 

[1] Act immediately when attendees can’t go

In my story above, wouldn’t it have been ideal to know that Brad couldn’t go? Since our sales rep had no clue either, it wasn’t necessarily his fault.

So we tackled the process instead of blamed the people involved. Here’s a couple of ways we did:

  1. At NextLevelFan, we built the first “Ticket Check-In” chatbot, which works similarly to the airline check-in process. Just like airlines send you a notice to check-in before your flight, confirming your attendance and details, our Ticket Check-In chatbot gives attendees a channel to advise if plans have changed and confirm other details like email address to send their ticket(s). By proactively contacting guests, it makes the host look professional and ensures the smoothest ticket transfer process your guests will ever have.
  2. If Brad tells the chatbot he can’t attend, the NextLevel platform immediately sends a txt alert to the sales rep and admin. By Brad providing even a few more hours of notice, this allows the sales rep & admin to plan how to repurpose the empty seat and pre-booked hotel room… saving your company $1,500+!

 

[Infographic] How CEOs get more from their event budget

 

[2] Streamline the entire process

Think about all the people involved in your club & suite ticket program. Before you’ve attended the first game, there’s already tons of “expense” in the brain trust involved in planning, executing & reporting. It’s not uncommon for the following people to have a significant hand in the program:

  • CEO
  • Exec Asst to CEO
  • VP Sales
  • VP Marketing
  • Regional Sales Directors (multiple)
  • Sales Reps (mutliple)

 

(And you know, when the CEO’s involved, there’s an open-door policy to any cost cutting ideas.)

The easy answers are: (1) we hire someone to run this, or (2) we give this responsibility to someone in Adminstration or Marketing… AKA the dumping ground for everything clerical & “in-between.”

 

However, that’s not necessary. We designed NextLevelFan with this cost cutting idea in-mind; we built a tool.

It’s purpose is to simplify all the processes into 1 single dashboard, from attendee nominations to communications and ticket transfers to reports/analytics.

With NextLevelFan, the program should still have all the same people involved. We just make it easier to stay organized and scale the number of events you can manage simultaneously.

Customers like AFS Logistics, which has multiple luxury suites in major US stadiums, have seen the results of 70+% reduced admin time since 2019. Read our case study below:

 

 

 

[3] Compile & track vital metrics after every event

After every event, it’s natural to move-on to the next one, which may be the following day for MLB or NBA club & suite ticket holders.

But the longer event recaps are left to pile-up like dirty dishes in the sink, the more-likely you are to create problems like excessive costs (i.e. foul odors filling the kitchen, the den and then the entire house).

Again, this was my experience prior to launching NextLevelFan. One of the most significant cost cutting ideas our development team had was to track vital metrics after every event.

We do this with Event by Event and Year-over-Year comparisons of metrics like:

  • Total Customer Revenue
  • Ticket Usage
  • Parking Pass Usage
  • Customer Feedback
  • Total Cost
  • Cost by Category
  • No-Show Rate
  • Unused Tickets
  • Recovered Tickets (our example of Brad earlier where the ticket as repurposed to someone else)

 

 

It really is impossible to catch costly patterns without a system in-place. It only takes a few games of excessive F&B receipts, a series of unused tickets or low customer revenue turn-out to make your boss question your abilities to do your job (which may be one of many “jobs” you have in the company).

Assessing your current situation is simple. We can help.

 

Click here to schedule a 15-minute NextLevelFan.com demo.

Written by Brian Barker

Spent 12+ years running hundreds of B2B events before attempting to save the world as an elementary teacher. When I realized how awesome our teachers are (and that I wasn't cut-out for it), I pivoted to B2B event tech.

My wife rocks! My kids are awesome! I'm just playing catch-up...

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