Seth Godin recently made a post that provides a good summary of how value influences the way consumers view price.

“It’s too expensive,” almost never means, “there isn’t enough money if I think it’s worth it.”

Social entrepreneurs are often chagrined to discover that low-income communities around the world that said their innovation was, “too expensive” figured out how to find the money to buy a cell phone instead. Even at the bottom of the pyramid, many people find a way to pay for the things they value.

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Often, it actually means, “it’s not worth it.” This is a totally different analysis, of course. Lots of things aren’t worth it, at least to you, right now. I think it’s safe to assume that when you hear a potential customer say, “it’s too expensive,” what you’re really hearing is something quite specific.

There is a sentiment commonly expressed around arts organizations, especially ones that are trying to attract college age attendees, that college students who say a ticket is too expensive will generally spend twice as much on beer on the same Saturday night. While a performance and a beer are transitory experiences, everyone knows beer is more transitory of the two. (The old saying, you don’t buy it, you rent it.) But, of course, it is the social environment that accompanies the beer that people value.

More from Godin:

Culturally, we create boundaries for what something is worth. A pomegranate juice on the streets of Istanbul costs a dollar, and it’s delicious. The same juice in New York would be seen as a bargain for five times as much money. Clearly, we’re not discussing the ability to pay nor are we considering the absolute value of a glass of juice. No, it’s about our expectation of what people like us pay for something like that.

Start with a tribe or community that in fact does value what you do. And then do an ever better job of explaining and storytelling, increasing the perceived value instead of lowering the price. (Even better, actually increase the value delivered). When you don’t need everyone to buy what you sell, “it’s too expensive” from some is actually a useful reminder that you’ve priced this appropriately for the rest of your audience.

Over time, as influencers within a tribe embrace the higher value (and higher price) then the culture starts to change. When people like us start to pay more for something like that, it becomes natural (and even urgent) for us to pay for it too.

That bit I bolded caught my eye. In theory the arts already deal with a tribe or community that does value what it does. That tribe tends to be affluent and influential, but we all know the common refrain is that these people are dying off. Whatever influence they have, it isn’t continuing to motivate too many others.

I am not sure the answer is just better storytelling and waiting for influencers to help shift the culture. I think there has to be a corresponding shift in product features to something consumers value as well.

This isn’t just about the arts. In the cell phone example Godin uses, the phone’s value in the developing world goes beyond just being able to talk to other people. It allows people to gather information about crop prices and choose which market to travel to and acts as a medium for currency exchange.

Without these benefits, I don’t imagine as many people in the developing world would own phones as do today. They are buying Nokia phones with long battery life rather than iPhones because electricity sources are so scarce.

In terms of the arts, I have no doubt that it is entirely possible to avoid compromising on price. I likewise believe that there are many groups out there offering what people want, but who suffer from lack of good storytelling.

Yet just as phone companies know they will sell more Nokia phones in Kenya than Apple and Samsung phones, even though those two companies are duking it out for domination in the rest of the world, very few arts organizations are going to be exempt from aligning their “product features” to suit local conditions.