How 5475 Days Boosted Their Earnings by Switching to Yapsody’s Base Tier
5475 Days, a popular event venue, had been leveraging Yapsody’s Gold Tier, which offered their ticket buyers a 20% discount on Yapsody fees. While this discount was great for customers, it meant the venue was absorbing the cost difference, reducing their revenue.
Chapter 1
The Challenge: Revenue Loss Under the Gold Tier
By offering ticket buyers reduced Yapsody fees, 5475 Days was seeing a dip in their earnings. Here’s what the numbers looked like:
- Average Yapsody fee per ticket after discount: $1.07
- Total Yapsody fees paid by ticket buyers after discount: $3,053
- Yapsody fees without the Gold Tier discount: $3,816
- Difference covered by the venue: $763
While providing discounts was a great gesture, 5475 Days realized they were missing out on a significant chunk of potential revenue.
Chapter 2
The Solution: Switching to Yapsody’s Base Tier
After consulting with Yapsody, 5475 Days decided to switch their ticket buyers to the Base Tier, where customers would pay the full Yapsody fees, and the venue would receive a 20% discount on their Yapsody invoice.
This move proved to be a smart decision, as it allowed the venue to keep more of their earnings without significantly impacting the ticket buyers’ costs.
Chapter 3
The Earnings Boost
In just three months after switching to the Base Tier, 5475 Days saw a significant boost in revenue. Here are their monthly savings:
- May 2024: $293.74
- June 2024: $518.37
- July 2024: $365.52
Total Revenue Increase in 3 Months: $1,211
On an annual basis, 5475 Days is now keeping an additional $4,704 in revenue, thanks to the switch.
Chapter 4
Minimal Impact on Buyers
The increase in fees for ticket buyers was minimal, and it didn’t deter their loyal customers. The average fee increased by just $0.27 per ticket after moving to the Base Tier:
- Fee per ticket under Gold Tier: $1.07
- Fee per ticket under Base Tier: $1.34
Given that Yapsody’s fees remain lower than many competitors, the switch didn’t negatively affect ticket sales.
Chapter 5
The Transformation: A Win-Win for 5475 Days and Yapsody
The switch to the Base Tier not only boosted 5475 Days’ revenue but also allowed Yapsody to continue offering competitive pricing to both presenters and ticket buyers.
Chapter 6
The Success: Maximize Your Own Earnings
For 5475 Days, switching from the Gold Tier to the Base Tier was a game-changer. It allowed them to increase their revenue while keeping customer satisfaction high. If you’re ready to see similar results, now’s the time to make the switch and start maximizing your earnings with Yapsody.
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