Dynamic Pricing and Exchanges

I have a question about dynamic pricing and exchanges -- a cursory search of this forum hasn't come up with anything on the subject, but it seems like someone must have run across our issue.

We have a performance where we have "dynamically" adjusted the prices downward, and we also have a seat-for-seat exchange policy in effect for some customers.  When these customers request a seat exchange (let's say from the first evening of the production to the second), we're going to wind up with A) money left over and B) new tickets that print with the lower price.

We don't want to use an "On Account - Lose It" type maneuver to dispense with the leftover money because that would mess up our accounting, and we don't particularly want to advertise to our customers the price difference if they were buying today.

Does anyone else have this issue, and if so, how do you address it?  I've been looking into editable prices, but that seems a little dramatic.

Thanks,

Gawain

Parents
  • We only allow subs to exchange tickets, and we don’t change the price on sub tickets.  Makes dynamic pricing worry-free!

     

    Ellen Holt

    Box Office Manager

    Celebrity Series of Boston

    20 Park Plaza, Suite 1032

    Boston, MA 02116

    617-598-3224 (p)

    617-598-3291 (f)

    www.celebrityseries.org

    CelebritySeries_logo_signature

     

    From: Tessitura Ticketing Forum [mailto:forums-ticketing@tessituranetwork.com] On Behalf Of Jesse Dillman
    Sent: Tuesday, July 26, 2016 2:07 PM
    To: Ellen Holt
    Subject: [Tessitura Ticketing Forum] Dynamic Pricing and Exchanges

     

    Our organization is planning to start dynamically pricing shows using pricing events. We've been able to dispel most of our concerns in regards to how it looks on reports, but myself and the other ticket office management are worried about how to handle exchanges.

    We're interested in other organizations policies and procedures for exchanges on shows that have had an increase in price through a pricing event. Did you increase all prices or did you leave out subscription or discount prices? Do you perform exchanges at the original price in the original order, or do you charge them the new price in a new order, even if they are in the same section, possibly moving to worse seats? Does anyone have a work around to offer the original price in a new order without making it a huge hassle?

    I couldn't find a session on the conference schedule that seemed to deal with this, so any and all insight anyone with experience in this realm might have, is welcome.




    This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Ticketing Forum. You may reply to this message to post to the Ticketing forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!

Reply
  • We only allow subs to exchange tickets, and we don’t change the price on sub tickets.  Makes dynamic pricing worry-free!

     

    Ellen Holt

    Box Office Manager

    Celebrity Series of Boston

    20 Park Plaza, Suite 1032

    Boston, MA 02116

    617-598-3224 (p)

    617-598-3291 (f)

    www.celebrityseries.org

    CelebritySeries_logo_signature

     

    From: Tessitura Ticketing Forum [mailto:forums-ticketing@tessituranetwork.com] On Behalf Of Jesse Dillman
    Sent: Tuesday, July 26, 2016 2:07 PM
    To: Ellen Holt
    Subject: [Tessitura Ticketing Forum] Dynamic Pricing and Exchanges

     

    Our organization is planning to start dynamically pricing shows using pricing events. We've been able to dispel most of our concerns in regards to how it looks on reports, but myself and the other ticket office management are worried about how to handle exchanges.

    We're interested in other organizations policies and procedures for exchanges on shows that have had an increase in price through a pricing event. Did you increase all prices or did you leave out subscription or discount prices? Do you perform exchanges at the original price in the original order, or do you charge them the new price in a new order, even if they are in the same section, possibly moving to worse seats? Does anyone have a work around to offer the original price in a new order without making it a huge hassle?

    I couldn't find a session on the conference schedule that seemed to deal with this, so any and all insight anyone with experience in this realm might have, is welcome.




    This message was sent automatically to you by www.tessituranetwork.com because you subscribed to the Tessitura Ticketing Forum. You may reply to this message to post to the Ticketing forum or visit the site to search, read and post to the forums. In the interest of keeping the forum posts from becoming cluttered, we encourage you to delete previous message text from your reply before sending. Thank you!

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