|
|
Go to page [Previous] 1~2 | ||||||||||
Dannydoyle Eternal Order 21556 Posts |
You checked? What are those numbers exactly Tom and where did you get them from? What percentage of money do they spend on those signs exactly since you checked?
By the way to be clear a Mayoral election IS LOCAL. ONLY "Local People" vote. Try to keep up. You really just can't stop can you?
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
|||||||||
TomBoleware Inner circle Hattiesburg, Ms 3204 Posts |
You right Danny, enough of our rambling about signs so I will leave you with this;
The smaller the race is. The more effective the signs are. A local race relies on yard signs much more than a presidential campaign, or a senate/gubernatorial race. One expert says, “If candidates are wanting to get name recognition, "political signs that people see in their day-to-day lives" might be the best way to do it.” A good read about political signs that proves my point: https://www.npr.org/2022/10/01/112448457......al-signs Tom
The Daycare Magician Book
https://www.vanishingincmagic.com/amazekids/the-daycare-magician/ My Blog - https://boleware.blogspot.com/ |
|||||||||
Dannydoyle Eternal Order 21556 Posts |
It proves nothing those are specifically "political signs".
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
|||||||||
Mindpro Eternal Order 10683 Posts |
That's It...I've decided! I'm running for Mayor of Magic Town!
|
|||||||||
Dannydoyle Eternal Order 21556 Posts |
Quote:
On Apr 15, 2024, TomBoleware wrote: OOps
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
|||||||||
Andy Young Special user Jersey Shore, PA 828 Posts |
Quote:
On Apr 15, 2024, Mindpro wrote: Thank you for the great response. I find it interesting that most of the booking would come around this time of year. It makes sense after thinking about it. I know my family tends to look at things to do when it starts to warm up and plan our activities. I really hadn't looked at my repeat customers numbers. I did work back through my bookings list to find my numbers. I think my repeats are good, but not truly solid. I do however get bookings (+50%) from other customers recommending me. To get to Danny's real question about customer acquisition. I will have to look closer at all my expenses to truly understand that and I will admit I do not have that process in place to get that at the moment. I will say that I would also need to factor in my time into that, which I do spend a lot of it in July doing the local carnival type event. But that has given me a good amount of business and I always enjoy it. |
|||||||||
Andy Young Special user Jersey Shore, PA 828 Posts |
Quote:
On Apr 15, 2024, TomBoleware wrote: Hey Tom the reason you might want to put yourself as one thing over a jack of all trades is so that when you are advertising or trying to get your client base, you would understand your target demographic better. I don't know personally, but I would think understanding and going after a select group would make your advertising / promoting go better both financially and from a overall success rate. If you want to do different things that are completely different like doing kid shows vs weddings, I would think you would want to set up two different websites with different advertising / promos. However, kids shows / family shows I would say can be practically the same. Thanks |
|||||||||
Mindpro Eternal Order 10683 Posts |
It's not really just about looking at your repeat booking numbers, but something a bit more deeper. What do you have in place in your business that leads to clients working with (booking) you several to many times vs. just once? What do you have (or is missing) in your business model to specifically address this?
Most don't have anything, haven't looked at it like this, don't know what to do other than remarketing to them over and over again and hoping for repeat bookings. What I am talking about is much more than that. Something that assures they are booking you 2, 3, 4 or more times a year, every year. For kids performers this is easier than some other types of performers, but can work for many. So again, do not just look at it on the surface level of what is it costing me to acquire each customer/booking, but explore the deeper, greater picture, including lifetime valuable As an example I have shared here before, when I get an inquiry for a booking for myself or my agencies, I know my standard typical starting booking price is $1,500. I know that every client that books with me/us will book AT LEAST 3 bookings, so to me every inquiry is worth at least $4,500 ($1,500 x 3), usually more. So when I am talking to the prospect, in my mind I am talking about a $4,500 priced call/inquiry. I have also regularly mentioned that the majority of my clients today have been with me for years - 76% have been with me 25 years or more. Many for 30 years or more. What is great for me is my customer acquisition is very low, in many cases nothing, but for the ones I pay for, even if it coasts me $100 as you can see it is well worth it. Once you know these figures and you have such a formula you can then work on reducing or eliminating this cost. To me this is where the fun comes in business - operations, formulas, structures, systems, and working so efficiently I leave little money on the table and continuously run quite profitably. It all comers back to what are you giving them as reasons (in your offerings) to want to work with you over and over again. So that when they think of, want, or need entertainment it is YOU (and only you) they think of? |
|||||||||
Dannydoyle Eternal Order 21556 Posts |
Quote:
On Apr 15, 2024, Andy Young wrote: Great point.
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
|||||||||
Dannydoyle Eternal Order 21556 Posts |
One way of reducing those customer acquisition costs Mindoro mentions is longevity. Even if the cost is initially high with 70% plus in the 25-30 year range it isn’t relevant. The cost then becomes keeping them and that amounts to simply doing the job well.
We worked with the resort company for 18 years prior to COVID. In reality the acquisition cost was quite low because they saw me doing my thing other places and reputation alone was enough to sell the idea. Wasn’t long and we were producing 1,500 shows a year. Not anywhere close to all are like that. When I was touring comedy clubs I worked with maybe 30 clubs total and rebooked them. Initial acquisition cost wasn’t high and all I did to maintain them was do the job well. This kind of thing is much different from finding and doing one night shows. Figuring costs and profitability is much more difficult for that. It was one reason I chose this business model intentionally.
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
|||||||||
Dannydoyle Eternal Order 21556 Posts |
Quote:
On Apr 15, 2024, Andy Young wrote: The question is a difficult one to answer. As you are correctly pointing out it has a LOT of factors that come into play. It might not be the easiest question to answer but it is actually a fairly important one.
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
|||||||||
TomBoleware Inner circle Hattiesburg, Ms 3204 Posts |
Andy,
The public doesn’t always view magicians the way magicians view each other. We like to separate them into a zillion different type. And it is true than many do specialize in different markets and it's also true that helps some get more work. But the truth is, the CEO’s and others looking for corporate workers or Vegas style magicians already know where to search. They’re not usually looking in the same places the public looks. Kidshow magicians are bad at pigeonholing themselves into a smaller market by only wanting to work for certain age kids. I hear them all the time saying I don’t like the small ones, I don’t like the older kids, I don’t like the teens, on and on, and then they wonder why they can’t keep working. They’re also good at not wanting to oversell themselves thinking a parent wouldn’t want a Copperfield at their child's birthday party. Really? Most would choose him in a heartbeat if available and affordable. Who doesn't want the better of the two for the same price. On the flipside they’re afraid of someone seeing that they do kidshows and that will stop them from becoming a TV superstar. They get caught in the middle and just sit there. And then there is the Family Magician, usually the busiest one of all and some can’t understand why. The Family Magician is a specialized type of magician who caters to a wide range of audiences, from children as young as six years old to adults who are young at heart even at the age of 106. These magicians have a unique talent for entertaining people of all ages, and they often advertise their versatility in their marketing campaigns. What sets a Family Magician apart from other types of magicians is their ability to offer a variety of shows that are tailored to different age groups and demographics. For instance, they would never perform the same show for a group of daycare children as they would for a senior center audience. Instead, they take the time to understand their audience and cater their performances to suit their needs and preferences. Their websites will usually list the different markets they work. They don't hide anything. However, despite their popularity among audiences of all ages, Family Magicians are often overlooked by other magicians who view them as just another kidshow magicians or even being inferior or less skilled than most. This is a shame because these magicians are masters of their craft and have a unique talent for entertaining people of all ages. In contrast to the superstars of magic like Copperfield, who are known for their elaborate and expensive shows, Family Magicians often perform in more intimate settings such as birthday parties, community events, and smaller corporate functions. Most are viewed as entertainers more so than a fool-you type magician, they rely on their wit, charm, and skill to captivate their audiences and leave them with a sense of wonder and amazement. But most importantly they stay busy. Tom
The Daycare Magician Book
https://www.vanishingincmagic.com/amazekids/the-daycare-magician/ My Blog - https://boleware.blogspot.com/ |
|||||||||
Dannydoyle Eternal Order 21556 Posts |
Most are viewed as kids entertainers. Andy Is right. Regardless of what you want to pretend, too often the general public sees you doing kids tricks for kids and they brand you as exactly that. A kids magician.
Danny Doyle
<BR>Semper Occultus <BR>In a time of universal deceit, telling the truth is a revolutionary act....George Orwell |
|||||||||
The Magic Cafe Forum Index » » Tricky business » » Return on Advertising (2 Likes) | ||||||||||
Go to page [Previous] 1~2 |
[ Top of Page ] |
All content & postings Copyright © 2001-2024 Steve Brooks. All Rights Reserved. This page was created in 0.08 seconds requiring 5 database queries. |
The views and comments expressed on The Magic Café are not necessarily those of The Magic Café, Steve Brooks, or Steve Brooks Magic. > Privacy Statement < |