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The Magic Cafe Forum Index Ľ Ľ Tricky business Ľ Ľ Gigsalad....not worth it (7 Likes) Printer Friendly Version

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thomasR
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How have I done that?
Dannydoyle
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You're comparing the retail sale of shirts with the service industry of performance. You added the word "profit" when he said no such thing.

If you don't know that doing 5 shows and having $X profit is different than doing 20 shows and having $X profit then it is hard to even have a discussion at all. The amount of time invested in doing enough shows to earn $X profit is THE factor above all that matters! In a service industry like performance the amount of time spent to earn the profit IS what we sell. It is TOTALLY different from having a store and buying product and a profit margin on said product.

The comparison is just not valid in the least. I am sorry if this seems harsh, but really it is basic business. Keith please correct me if I am wrong here. It is a trap SO many fall into and it is just ONE way things are different in this business.

Essentially when you break it down, and you are selling "shows" all you really are selling is your time. That time has a limit. It is finite. So if it takes you MORE time to get to $X then it is not as valuable. Again this is basic. So the idea of making whatever money, even when a time frame is added, means nothing.

You have shown how dangerous this type of thinking can be. Unintentionally yes, but still you have shown us how it can be unhelpful.
Danny Doyle
<BR>Semper Occultus
<BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell
thomasR
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Not harsh. I think we got some communication crossed somewhere.

My #1 point is, he seems to be happy with the amount he has made off of gig salad. I feel like that, connected with the number he threw out is is informative and not useless.
Thatís really all I was trying to say.

I did add the word profit, you are correct there. I mean it is profit, just gross profit not net.
Dannydoyle
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I think you got caught up in trying to give me a hard time LOL.

While it may not be "useless" it was WAY less than all of the story isn't it?

And being happy with the amount he made was not even close to what you said. PLUS being "happy" does not necessarily make for a successful business model. While in the end being "happy" is a great thing and a wonderful goal it is a metric not really easy to quantify.

So do you disagree that it matters to know other things about the business is good?
Danny Doyle
<BR>Semper Occultus
<BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell
thomasR
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Hey! That could be! Smile

Of course itís useful to know more!!! Iím not personally interested in how much heís making per show, but I am interested in the market(s) he is booking through gigsalad.
WitchDocChris
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I've known a lot of performers who are happy making $100 a gig. They are not helpful to performance market in general (for a variety of reasons), and they are not good people to model business practices after.
Christopher
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Psycho Seance book: https://tinyurl.com/y873bbr4
Dannydoyle
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Quote:
On Apr 18, 2019, WitchDocChris wrote:
I've known a lot of performers who are happy making $100 a gig. They are not helpful to performance market in general (for a variety of reasons), and they are not good people to model business practices after.


This is more the point. I mean if one wants to emulate a business model that generates low income that is OK by me. I just think that if one IS going to throw out numbers, they should be clear is all I guess I am saying.
Danny Doyle
<BR>Semper Occultus
<BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell
Mindpro
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Context is everything.

Tophatter certainly has one way of looking at things that he feels works for him. However, this is not the same for everyone. Your mileage may vary.
JoshLondonMagic
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Quote:
On Apr 17, 2019, tophatter wrote:
I don't know what I would do without this company.
Tophatter


So what did you do before Gig Salad to get gigs? When you put so many of your eggs in one basket you slowly stop marketing your business with other platforms and strategies. Then, when youíre relying on 1 or 2 ways your market your shows youíre at the mercy of the platform.

To maintain a steady stream of leads you need to use a few different marketing strategies, that way if one strategy isnít producing the results once achieved you have other ways to brings leads in.

I see this all the time with my clients.

Also, itís a misconception to think youíre marketing when youíre on sites like Gig Salad. Thereís no way to show your value because itís a race to the bottom.

Josh London
Mindpro
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Quote:
On Apr 17, 2019, Dannydoyle wrote:
How many shows does 2,350.00 represent?


Since his rate is $200 per show it is easy to figure out. Also, I'm not sure I understand his thoughts on accepting credit card payments? Makes little sense to me.
Dannydoyle
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Actually if his rate is $200 a show it is very difficult to figure out.

Yea the credit card thing. I don't know why in 2019 a way can't be come up with to do this in a cost effective manner. IF ONLY someone would come up with an app or something of that nature that would solve the problem for small business.

Oh well we can always hope.
Danny Doyle
<BR>Semper Occultus
<BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell
Cleverpaws
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The two that I use work well for taking credit cards; Square and invoice2go. Both also allow you to take a deposit from the customer, which in my business is essential.
Square pays into your account a bit quicker as invoice2go uses PayPal to process (but can also take credit cards directly).
Square has a card reader that works with your phone. Both allow sending an invoice to the customer by email or SMS.
The percentage is the typical ~3%. Square is free to have and only charges when you use it. Invoice2go has a yearly subscription that's still reasonable.
I don't know why anyone would not take credit cards nowadays. I'm sure some will balk at paying the ~3% fee but on the $200 per job indicated above is only $6.
Keith Raygor
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The future is here. Iíve been using Square for several years. I have the reader on my phone, as well as the app on my desktop for taking numbers over the phone. Iím not sure you can beat the fees anywhere else, so itís been a no brainer for me. I see it everywhere now: food trucks, farmers markets, even stores in shopping centers. Iíve even used Venmo to accept payments.
Decomposed
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Venmo seems to be everywhere now. Free to accept credit card payments too. Paypal owned.
The Magic Cafe Forum Index Ľ Ľ Tricky business Ľ Ľ Gigsalad....not worth it (7 Likes)
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