How ROI Strategies Can Work for Arts Organizations
Posted by Oct 01, 2009 0 comments
Does any of the stuff we do all day actually work? Surely much of it does. And some of it surely doesn’t. So, how do we figure out which is which, and do more of what works?
As Director of Marketing and Communications for a small-but-growing Chicago theater company, these were the questions at the top of my mind nearly two years ago when an opportunity arose to attend an education series on the subject of return-on-investment, co-sponsored by Chicago’s Department of Cultural Affairs and the Wallace Foundation. What I learned in that workshop put me on a path to revolutionize several aspects of TimeLine Theatre’s marketing with the goal of measurement. Now I understand in much greater detail what works (and what doesn’t so much). And I am thrilled that I’ll get the chance to share some results and tools as a first-time presenter at this year’s National Arts Marketing Project Conference.
TimeLine Theatre is an Equity theater located on the north side of Chicago (just a few blocks from Wrigley Field, home of the Cubs), dedicated to presenting stories inspired by history that connect with today’s social and political issues. With a budget of about $750,000 and just four full-time staff members, we are — like I’m sure all of you — required to make the most of limited resources. The more I learn about ROI, the more I understand that implementing techniques to measure the actual results of marketing tactics is not a “should do” toward this goal. It is a “must do.”
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