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Brown New user 5 Posts |
Here is a question. How long would you say it would take for someone starting out to get enough birthday parties to live on. Not necessarily a great deal of money but just enough to survive. Say $25,000 a year or thereabouts.
3 months? 6 months? 5 years? Let us assume the performer has a good saleable show which is good enough to get rebookings and word of mouth referrals. Let us assume that he also has some idea about marketing but he is starting from scratch. My estimate is about two years. Am I on the optimistic or pessimistic sided here? |
Donald Dunphy Inner circle Victoria, BC, Canada 7565 Posts |
What is the size of your market? What is the competition like?
May factor into the advice you receive. - Donald
Donald Dunphy is a Victoria Magician, British Columbia, Canada.
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Brown New user 5 Posts |
I live in a large city. The market is massive but the competition is too. Many, many magicians of whom (in my opinion only) most are not much good.There are a trememdous amount of clowns to compete against too.
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Jim Snack Inner circle 1338 Posts |
Assuming you are charging an average fee of $125 per show (could be more, could be less depending upon where you live) then you will need about 200 shows in a year to gross $25000 - that's about 4 per week.
I suspect that it will take about two years starting from scratch to get to that level. You should try to do half that amount in the first year, then aim to double your gross for the second year. That's exactly the advice I spell out in the Success in Magic course. Yes, it is possible to get to that level faster, but that will require a lot more marketing. And don't forget, that's $25,000 gross income. Your business expenses could take 30%-50% of the gross, depending upon how much you invest back into the business. Good luck. |
King Of Pop Veteran user Estonia 392 Posts |
It also depends how hard do you work, how many shows per day you are able to perform etc. And do not stick only with birthday partys. Create your own small shows also, find some companies to do commercial shows for theyr company (also TV commercials), at nights there are casinos etc. Be creative You are able to make this kind of money even with less than month But then again I live in small Country and here is absolutely no competition
Good Luck
God Bless You, I Love You From The Bottom Of My Heart
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flourish dude Inner circle from ? But I know where I am going! 1195 Posts |
I made 60,000 my first year. This was after getting laid off from a full time job and starting from ground zero. You need to get some good marketing books like Dave Dee's and Eric Pauls. These will help jump the learning curve.
Nothing of the same will bring any change, take action today!
Just taking a step, is a step in the right direction because when you stop working, your dream dies. www.magicalmemories.us |
wizardofsorts Special user Chicago, IL 935 Posts |
Flourish Dude made $60,000 but we are all not Flourish Dude. I know him in real life and he's a real go getter, a real hard worker, and a consomate professional. I agree with Jim Snack and say 2 years is a good estimate.
Edd
Edd Fairman, Wizard of Sorts is a corporate magician available for your next trade show, hospitality suite, client luncheon, or company event. http://www.wizardofsorts.com
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