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15 to tips to create an effective merch table
Peter Academy - Monday, January 10, 2011
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As
album sales are becoming a less meaningful component in the overall
success of an artist or band, the live performance sector, including
ticket sales and merchandise sales, is becoming increasingly important.
While the live show itself must be unique in order to encourage repeat
customers and ultimately drive ticket sales, the merchandise table has
the opportunity to drive significant revenue and first hand, artist-fan
engagement. But just having a merch table is not enough, as there are
essential elements that must be accounted for in order to make the
effort worth while.
Assuming that you have
accounted for the typical 'guts', such as T-Shirts, CDs, Hats,
Stickers, etc. there are essentials to any effective merch table that
will do three very important thing:
- Increase your sales
- Increase your long-term engagement with new and existing fans
- Decrease wasteful overhead when investing in the merch for your next tour
Use
these following merch table essentials to make sure that you are making
the most of every opportunity at every show to make as much money and
as many new fans as possible:
1) Mailing List:
Far too often overlooked, yet one of the most crucial aspects of
retaining fans, the mailing list is an absolute must on any and ever
merch table. If someone is willing to invest the time and money to come
over to your merch table and purchase your music, your t-shirts or even
just a little sticker or button, it means they felt strongly enough
about the performance to further their interest. Every merch table customer is a valuable potential fan. Do not let them get away from you.
2) Accept Credit Cards:
To be frank, if you do not accept credit cards, you are not maximizing
your potential to make money, and are letting potentially valuable fans
walk away without your music or merch in hand. There are a few
different apps out for the iPhone/ iPod Touch, iPad and Android
platforms that allow you to turn your device into a credit card
terminal, including the Square, ProcessAway, Merchant Swipe and iSwipe.
3) High Traffic Area:
As the saying goes, birds of a feather flock together. Putting your
merch table in a high-traffic area is crucial to sales. The increase in
passersby will make your table seem more desirable. As more people
check out your merch and start to make purchases, the more likely it
will be that others will want to check out the scene as well.
4) Lockbox for Money:
Professionalism is crucial when dealing with a merch table. No matter
how the musicians represent themselves on stage, online or in public,
merchandising is purely the business side of the operation. Not only
does a lockbox hold one person accountable for any lost cash and
discourages outside theft, but It also makes it less apparent how
little or how much cash you actually have from the event.
5) Plug from the band:
Make sure the people who are actually listening to the music and who
are enjoying it, have the opportunity to at least join the mailing list
if nothing else. Announce the table, its location, and that YOU, the
artist, will be there and are looking forward to speaking with everyone.
6) The Main Attraction: Nothing
helps merch sell faster than putting the artists behind the table.
Especially after the band has plugged the merch table and its specific
location, it will be a delight for fans to have the opportunity to
speak with the artists, get engaged and walk away with a new album
and/or t-shirt because of the pleasant experience.
7) A Clean Table:
Just like any store (think grocery store, toy store, convenience store,
clothing store), potential customers connect the appearance of
unorganization and sloppiness with that of a weak business. By
splitting the table into well organized sections dedicated to each type
of merch or even price point, it makes it much easier on the eyes,
makes sales much more likely. Also continue to think of a clothing
store, make sure you have clean, well folded t-shirts that range in
color, size and gender specificity.
8) Bright Colors:
Not only should your merch table be located in a high-traffic area, but
it should pop out as the sour thumb in the room. Venues are typically
dark, so keep in mind that darker colors will be lost into the clutter
of the room. Set up a back-drop, use a table cloth and create a banner,
all of which should use bright, vibrant colors to catch people's
attention.
9) Prices: Setting the right
prices for the available merch is crucial to successful sales. Not only
should everything be fairly prices based on the industry standard
(which means you MUST do your research when planning the pricing
strategy), but there absolutely needs to be merch available at every
price point, from $1 dollar up to $100 dollars (or more depending on
what you are offering).
10) Inventory Sheet:
Organization is key to a healthy business. Using an inventory sheet
will help you keep track of sales and will decrease the chances of
wasteful overhead for your next tour as you start to use the historical
sales to forecast growth. This is especially important if you do decide
to create unique merchandise for each stop on the tour, as it allows
you to see where your merch sold better or worse, so you don't waste
money creating unique merch for the wrong places.
11) Unique Collectables:
Though this is a much more expensive option to consider, creating
unique collectables for each show creates an incentive for repeat
purchases from repeat customers. Some fans will be so into your music
that they decide to hit every show within a 100 mile radius of their
hometown, so why not create incentive for them to hit the merch table
at EVERY show they attend?
Ideas for some
unique collectables are merit badges with a unique design reflecting
each venue, laminated tour passes with specific dates printed on them,
high-quality original prints of the show poster (signed by the band AND
artist of the poster) and even shirts that specifically reflect the
venue, date and city.
12) Bundles:
Just like the unique collectables, you want to make sure that you offer
unique bundles that can only be purchased from the merch table. The
more creative you can get with these bundles, the more likely you will
be to encourage a higher volume of sales.
An
idea for unique bundles include a unique USB thumb-drive with
hand-painted artwork that offers the entire back catalog of studio
albums, plus free admission to all shows for the next year. The more
unique, limited edition and exclusive you can make these bundles, the
more people will be willing to seek them out, not to mention pay a
premium for them.
13) Contest/ Drawing:
This is a great way to ensure longer-term engagement with fans. The
drawing could be for free tickets, a free limited edition bundle of
music or even something above and beyond like an opportunity to go out
to dinner and hang out with the band.
14) Picture Board:
Remember the idea of the main attraction? (see above). Using a picture
board is an opportunity for the artist(s) to establish a stronger
connection with fans, meanwhile advertising the merch in order to
increase sales. Start taking pictures of the artists with fans who are
either wearing or holding up newly purchased merch. Then compile a huge
collection of the pictures taken and display the picture board either
behind the table or to the side of the table. Make sure it is visible
and most importantly, make sure to include a band member in every
picture!
15) Branch Out Beyond The Table:
Though the purpose of this list is to make the merch table itself more
effective, the ultimate goal is to increase revenue and fan engagement.
Grab a few friends and have them walk around the venue in a crisp new
band shirt with their own mailing list sign-up sheet, some albums for
sale, a few t-shirts for sale (especially the one they are wearing) and
some FREE stickers or buttons. The idea here is to engage as many
attendees as possible and to direct them back to the actual merch table
where they can interact with the band members, buy an increased level
of merch because of this new connection to the band and will walk away
with a great, personal experience from the show rather than just a 'fun
time'.
Using a merch table to
increase sales is always good, but if used properly it can be so much
more than that. If you are going to take the time, effort and money to
plan out and finance the merchandise for your tour, make sure you have
taken all of these things into consideration to ensure that you
maximize revenue and fan engagement at every show.
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