Back in April Seth Godin talked about how most purchases are either to replenish something you have or are familiar with; or it is exploring something new.

If you sell an exploration, your customer is taking a chance. Sometimes magnifying that chance fits the worldview of the purchaser, and sometimes minimizing the risk is precisely what the purchaser is seeking.
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This is almost never talked about by marketers, but it’s at the core of the strategy choices that follow.

Most of the time in the arts we talk about the need to minimize the risk of new audiences. We need to make our programming, pricing and other elements in our control more accessible so that people are willing to hire a babysitter and make the drive to our event. We don’t want them going home feeling like it isn’t worth it.

I haven’t really heard a lot of conversation about magnifying the risk. I wouldn’t even have thought in those terms except that Godin links “magnifying” to a TED Talk where JJ Abrams talks about how people felt utterly stupefied trying to figure out what the heck was happening on the show Lost.

That is when I realized—people will accept having their risk magnified when they feel like that risk is shared by others. If no one knows what is happening on Lost, everyone bonds over sharing their theories, etc. People are willing to go in to Haunted Houses and ride roller coasters because everyone will be screaming.

On the other hand, when you perceive you will be participating in an activity with group of people already in the know, you are less willing to accept risk. Arts organizations are familiar with the anxiety people have about not knowing how to dress, when to clap, etc. and frequently move to minimize the perceived risk.

Having friends (or a horde of people on social media) provide assurances that you will enjoy yourself, (including helping you understand the experience), can reduce that risk aversity. Arts orgs don’t have too much direct influence in that sphere other than to really promote what others have said about the experience and provide materials that can assist in understanding it.

Is it possible for an arts group to offer a live experience that magnifies risk? You betcha. The first thing that came to my mind was Sleep No More where attendees wander through a building interacting with actors in an adaptation of MacBeth.

It has been wildly popular, but I think my theory about risk tolerance is apt. When the show first opened, everyone was on a level playing field where no one knew what the heck was going on. As I noted in an earlier post the show has become less enjoyable for new attendees because people in the know have begun to hijack the narrative and intercept experiences. This has started to create a little more wariness among those who consider attending.

All this being said, I think people tend to be more risk averse than they once were. Think about it, could the cult of the Rocky Horror Picture Show started up during the last decade or so?

As a person who has never attended you are faced with going to an event held at midnight in a room full of people in costume who are certainly well versed in rituals and responses of the evening. Attention is drawn to all new attendees who are raucously branded as virgins, some of whom are pulled up to participate in a virgin sacrifice. Given the prospect of all of this being posted on social media, would enough new people have gone to keep it sustained for nearly 40 years?

In that context, attending the symphony for the first time seems like a really comfortable choice. But then again, if a symphony gave the appearance of being as fun as attending Rocky Horror, would you chance being the center of attention for a thousand people for 5 minutes? Does that mean the symphony experience is far too tame for its own good?

I think it would be healthy if everyone started to think about what they could do that would magnify the risk for audiences for audiences that look for those type of experiences. Maybe nothing comes of it for a year or five or so, but I feel like it runs counter to the basic impulse of people in a creative field to be constantly thinking about how they can minimize the risk for audiences.

I am not saying that artists don’t go through this thought process, but managers who deal with financial reports all day may be most apt to fall into the rut of minimization thinking. Maybe thinking in the other direction would be better for their mental health. Maybe what you need to do can’t be done where you are working now and a side collaboration with others is the answer.