In the competitive world of event ticketing, both presenters and ticket buyers are always on the lookout for the best deals. Traditionally, Yapsody has provided ticket buyers with discounted fees through our tiered pricing: Gold, Platinum, and Elite. This ensures they save money. While these discounts are beneficial for buyers, they often come at the expense of presenters, who end up covering the difference. To address this, we are excited to introduce a new win-win pricing plan that equally benefits both presenters and Yapsody.
The Shift to Yapsody's Base Tier
Our Base Tier allows presenters to retain more of their revenue by moving ticket buyers to Yapsody’s Base Tier. In this model, buyers pay the full Yapsody fees, while presenters receive Revenue Share Discounts on their invoices.
Here is how it works:
The Current Tier Structure
Currently, Yapsody’s tier discounts operate as follows for ticket buyers:
- Gold Tier: 20% discount on Yapsody fees
- Platinum Tier: 40% discount
- Elite Tier: 60% discount
While these discounts provide value for buyers, event presenters absorb the costs, leading to reduced earnings. Our new plan aims to balance this disparity.
Introducing Yapsody’s Base Tier: A Win-Win Plan
Under our new pricing model, ticket buyers will transition to Yapsody’s Base Tier, where they pay the full Yapsody fees. In turn, we’re offering event presenters a Revenue Share Discount based on their previous tier:
- Gold Tier Presenters: 10% discount on Yapsody invoices
- Platinum Tier Presenters: 20% discount
- Elite Tier Presenters: 30% discount
This arrangement means that presenters can enjoy a 50% benefit. Half is derived from ticket buyers paying full fees and half from the Revenue Share Discount on their invoices. This way, both Yapsody and event presenters remain profitable while keeping ticket buyer fees competitive.
How This Switch Boosts Presenter Revenue
Consider an event presenter currently on the Elite Tier:
- Last Month’s Invoice: $3,494.58
- Discount Passed to Ticket Buyers: $2,097.61
- Yapsody Fees Paid by the Presenter: $1,396.97
With the new model, the presenter shifts ticket buyers to the Base Tier and receives a 30% Revenue Share Discount on their invoice:
- Buyers Pay the Full Yapsody Fees: $3,494.58
- 30% Discount on Presenter’s Invoice: $1,048.37 (Earnings)
- Yapsody Fees Paid by the Presenter: $2,446.20
- Earnings Increase per Month: $1,048.37
- Earnings Increase per Year: $12,580.49
With the Base Tier, ticket buyers now pay the full Yapsody fees, and the presenter receives a 30% discount on their invoice. This results in a monthly revenue boost of $1,048.37, totaling an annual increase of $12,580.49.
Minimal Impact on Ticket Buyers
You might be concerned about the potential impact on your ticket buyers. The truth is, the increase in Yapsody fees for customers is minimal:
- Current Yapsody Fee per Ticket: $0.41
- New Yapsody Fee per Ticket in the Base Tier: $1.03
- Difference: $0.62
Even with this slight increase, Yapsody’s fees remain significantly lower than those of other platforms that often charge double. Therefore, ticket buyers are unlikely to notice, while presenters retain more of their revenue.
Act Now and Maximize Your Earnings
This new pricing model offers both immediate and long-term advantages for event presenters. By transitioning your buyers to the Base Tier, you can enhance your revenue without compromising the value provided to your ticket buyers.
- 50% Benefit to Presenters: Increased revenue through buyer-paid fees and Revenue Share Discounts.
- 50% Benefit to Yapsody: Competitive fees are maintained without imposing higher costs on presenters.
Need More Info? We’re Here to Help!
Are you ready to discover how this new model can elevate your business? Schedule a call with us to discuss the switch, or connect with our Support Team for real-time assistance.
- Schedule a Call: Talk to an Expert
- Chat with Our Support Team: Green bubble at the bottom right of the website
Also, we have an upcoming webinar on 15th October. Register now!
Real Success Stories
Want to see this strategy in action? Read how 5475 Days boosted their revenue by switching from Gold Tier to Yapsody’s Base Tier.
Conclusion: A Smart Move for Presenters
Yapsody is dedicated to empowering you to grow your business while delivering exceptional value to your customers. This new pricing plan ensures that both you and Yapsody reap equal benefits, allowing you to retain more earnings while continuing to offer competitive fees for your event attendees.
Take advantage of this opportunity today!
