How much do I need to charge...

To many ads? Support ODJT and see no ads!
Hey I am interested in the bottom line, percent/profit margin.

If you don't want to post them that is OK, you certainly aren't being forced to do so.

First, I have been through this before in past years and it isn't worth all the typing for me. Second, my books for last year are at my tax accountant's office right now, so anything I put down woild be guesstamations from memory instead of actual numbers. Third, the bottom line from my tax returns wouldn't do much good as they include my business, my wifes business, my wifes income and our combined rental property income and deductions.
 
A couple of years ago, I did an expenditures analysis similar to Steve's......and came up with the same "production cost" (around $150 per event, not counting the "Allie expense")

That is why I could afford to do club gigs and weekday events for less than my "Saturday" rate, because my costs are tied to the Saturday events, and anything done on M-F is considered "gravy".
 
Steve,

Are you filing a C schedule. If so, sole or corporate?

How far back do your records go? More specifically, would you still have a 1995 return on file?

BTW, 18 year avg ROI is 9.5%. That outpaces most Wall Street funds. I'm my best investment.
 
Sole Prop.

All records back to 1976. biggest problem is where they were stored for about 12 years, had some water and animal damage too many of the boxes.

Old barn LOL
 
DJMC said:
That is why I could afford to do club gigs and weekday events for less than my "Saturday" rate, because my costs are tied to the Saturday events, and anything done on M-F is considered "gravy".
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exactly or you can look at the weekly gigs as bread and butter and Saturday events as CAKE............
 
Steve Miller said:
Sole Prop.

All records back to 1976. biggest problem is where they were stored for about 12 years, had some water and animal damage too many of the boxes.

Old barn LOL
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Steve, no big rush...but do you think you could find the 1995 return?
 
I could if I wanted to dig deep enough.

But why would I even want to find it? I was part timing then and only doing one regular weekly gig and a few Saturdays a year then, most of my time then was tied up in competitive shooting, 1000 yard bench rest.
 
Dude Walker;39882[B said:
Jeff,[/B] excellent question.

Generally speaking everything increases in price.

According to:
http://inflationdata.com/inflation/consumer_price_index/HistoricalCPI.aspx

Inflation has risen 49.2% over the past 10 years, 94% over the past 20 years.

There are MDJs in my market that are still charing rates from 20 years ago. Ignoring inflation effects and any need for a subsequent Cost Of Living adjustment creates the problem.

When prices are raised to keep in step with costs around us I would suggest that those entities that have stopped or risen only slightly are the cause for price disparity.

One example in my market holds 3 part-time jobs to support his underpriced - undervalued MDJ service.

Hmmm... perhaps a rate increase would allow him to get rid of one part-time job. He's always complaining that he never has any time to get "things" done. Telling...very telling...
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Dude

My market is full of them too I can see what you are saying. I am the highest priced DJ in my market and if I told you my rate you would laugh me off the board

The problem is value is dictated by the client not the DJ. I dont know your market and dont claim to but Im sure the laws of supply and demand are no different there than anywhere else. There are 100 DJs in your market and you are in the top 2% in money. If you are continually booked then why worry about what others are doing. If you arent continually booked then its time to ask why instead of laying blame on the lesser of the species. Part of the GWYW argument is people will pay for quality if they wont its time to look inward

And if its costing more than 1/3 of your rate to prodouce a show its time for another review
 
Jeff Romard said:
Dude

My market is full of them too I can see what you are saying. I am the highest priced DJ in my market and if I told you my rate you would laugh me off the board
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Jeff, I can appreciate your wit. However, for the record...I wouldn't laugh you off the board. I may curse a few times but... (insert smilie of choice)

Jeff Romard said:
The problem is value is dictated by the client not the DJ.
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Ahhh..., but when clients are conditioned by low prices from companies that do not have the business sense to price themselves to be profitable, I would assert that it is EXACTLY a problem being created by the DJ.

Schools in the early 80's routinely paid $1,000-$3,000 for prom entertainment. Today, they complain when more than $500 is charged.

It all comes down to the frame of mind of the buyer. If they cannot discern value because they are bombarded by low prices, the prices will stay low.

I really don't have a major issue with PT DJs. They would make GREAT employees. They just make lousy competitors mucking up a viable market for all. Sadly, many could earn more working for another because 100% earned would be wages.


Jeff Romard said:
I dont know your market and dont claim to but Im sure the laws of supply and demand are no different there than anywhere else.
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Who is the supply...and who is the creating the demand?

I would contend that an increasing MDJ population is creating a demand for more brides conditioned to paying less (adjusted to inflation) in an overall shrinking wedding market.

Low prices... Winning the battle and losing the war is not a victory. It's just delaying the inevitable comprehension.
 
Dude,

You sure type a lot without saying anything............ I believe you were going to post last years numbers.
 
Bob, come now...you're just being pretentious.

If we look back to 02-08-2007, 03:46 PM Post #34

Quote:
Originally Posted by Proformance
I don't find your table at all representative of business.

I have not viewed one valid suggestion of support in your supposition...

Largely, what brings us to this point.

I can accept that your school of thought differs from mine. However, I am curious why thoughts that differ from yours in this forum and others, becomes such a common platform for debatable nonsense...as you commonly assert?
Click to expand...

Your chart is just prop built around your underlying thesis. It is the same notion that runs through nearly everything you write - here and elsewhere.

those people
that type
parasites
ignorant

These are your words describing a faceless, nameless, straw enemy conspiring to destroy you with stupidity.

You are obsessed with a straw dog my friend.

..when clients are conditioned by low prices from companies that do not have the business sense to price themselves to be profitable, I would assert that it is EXACTLY a problem being created by the DJ.
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Look! Read the italicized text:
Client's are too stupid to know better.
"Those DJs" are too stupid too know better.​

This is the premise you operate with. It's not credible.

Dude, how much would you pay for a snow cone? At what price do you stop buying - or at what price do the alternative "cold treats" become more attractive?

If you want your snow cone served in a glass dish while seated at a boutique like parlor do you care what the street vendors are selling them for? Isn't the fexibility in what you'll pay ultimately determined by your own desire for crushed ice versus other frozen alternatives?

This is a basic principle you choose to ignore. It's why you're the only person who needs to analyze "numbers" to grasp the significance of a $40 snow cone, and why you believe clients are being conditioned by "those people".

Turn the light on, Dude. There is no boogie man.
 
Steve Miller said:
Dude,

I believe you were going to post last years numbers.
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Steve,

I offered a fair comparison...

You back peddled.

What more is there to say.

If you are truly able to produce show at $156 per show, your insight could be valuable.

I inquired if you would be wiling to share...

You returned a challenge...

I called your bluff...



Bob,

You have no proof to substantiate your suppositions. Just disdain for a school of thought...or the person drafting the words. Either way, it's filibustering.

BTW, I thought that you wanted the $40 snow cone to melt?

Post your $40 snow cone numbers...or pipe down.

Your inference is just a pathetic attempt to justify lower rates without defining a target market at large. That my dear sir is building a house of card on top of a greater restless reality.

You cannot volume price a categorically finite market. Only the foolish would try.


PS: I'm your boogie man...that's what I am...I'm here to do whatever I can...Be it early mornin'...late afternoon...Or at midnight...it's never too soon...
 
Dude,

You are so full of it!

Either you have your income and expense sheets from last year or you don't. I posted my numbers without reserve, you want to make some sort of game out of it.

So far all I have seen you post is speculation, supposition and erroneous information with no factual basis to even begin to back it up. It's almost as if you are an incarnate of some recently departed personality.

I am done with this subject as far as you are concerned, it is all bark and no bite.
 
Dude,

I will give you a fair answer since it seems you never have any answers but are always willing to question.

I have known two other people online who use the same running in circles method of debate that you use. Since I have never seen you on-line anywhere else but this site and really only recently, it leads me to the assumption that the well practiced method of only answering a question with a question and never giving anything factual in your responses that you could be one of these two people or you are really a politician.

No dispersions on your character are meant or implided, because honestly I think your character is exactly that "a character".

My position is not validated by your assumption that I have cast dispersions upon your character, my position was validated by your own actions and/or inactions.

No flaming meant nor intended, just a statement of opinion on my part.
 
You have no proof to substantiate your suppositions.
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Which supposition is that?
Isn't it your points that I have been reiterating?

Post your $40 snow cone numbers...or pipe down.
Click to expand...

I'm going to consider you a "winner" on that issue.

Your inference is just a pathetic attempt to justify lower rates
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Interference with what, exactly?

:sqlaugh:
Do you have a problem with sunlight too, or just questions?

It seems we have arrived back at the beginning.

Thank you, Dude.
 
Performance:

I again am going to ask the question to YOU!

Am I correct that you honestly...

Do not believe that there are low priced, bottom dwelling dj's out there in every market that are ruining all types of events?

Do not believe that these dj's are costing better dj's money, reputation, and making our overall value decreased?
 
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