Million Media

See Things Differently

Every Social Share Is Worth $12 To A Music Promoter


Eventbrite recently released some results which show that every social share made by someone who bought a music event ticket is worth an incredible $12!

For their full analysis and detail of how they measured the value of each share, read their blog. I have previously presented their findings at presentations I did at MIDEM, and in Canada and Austria.

We have said for some time that music events and festivals are social events and, since people’s enjoyment is usually boosted by how many of their friends also go, they’re motivated to try and get as many mates as possible to join them attending. Promoters should incentivise people through offering ‘Share’ discounts or Group tickets.

I’ve lifted Eventbrite’s graph which illustrates how much a share is worth for a music promoter trying to sell tickets.

Image credit: Eventbrite

Advertisements

About Neil

Neil Cartwright founded Million Media in 2006 with the aim to help people understand digital marketing and use it to their advantage. The vision hasn't changed but the technology has.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Information

This entry was posted on April 15, 2011 by in Event Marketing, Festival Marketing, marketing, retail.
%d bloggers like this: