Merchandising is a triple winner!
September 5, 2012 Leave a comment
Merchandising is a strategy for creating alternate revenue, making performance more tangible and creating walk around visibility. Sports marketing does this extremely well. Arts – not so much. It’s time for arts organizations to consider a stronger merchandising strategy.
When did you last attend any kind of major league event that you didn’t have a chance to express your fanship with the purchase of a cap or shirt? Check out any league team website and you’ll see a “SHOP” button clearly visible above the fold. What these franchises have learned is that their logo translates into a walking billboard and a welcome expression of their fan’s devotion.
Merchandise sales are not just breaking records for the big leagues like the MLB or the NBA. Minor league teams in the US report over 52 million in merchandising sales.
Merchandising is an option that is open to any performance experience with a fan base. In the arts, there is a unique opportunity to express a creative flair in the product design – after all, it’s ART!
Millennial and boomer cultural consumers both are 67% and 38% more likely than the average population* to purchase tickets online. Why not give them more than tickets to buy? A clever merchandising option offers up a revenue stream and walking endorsement of your performance. Now is a great time to add a revenue stream by exploring the creation of merchandising that allows your fans show their love!
*USA Plus-Mosaic Au10-Se11, Scarborough Adults 18+. Millennial and boomer cultural are A18-34 and A45-59 respectively that report attending a museum, dance/ballet, live theater or symphony in the past year.






