Right with you, Mike. The DJ business never really rebounded after the Bush/OBama recession. Before that, I was making $1,700 a wedding or corporate party. Once the Bush/OBama hit, my events fell more than 50% and the dollar amount went down to $500. Corporate holiday parties evaporated. The $300 DJs stayed busy. I stuck it out till 2018 then gave up. Glad I did. Good luck!
Don't know your age, but you might have suffered from Aging, and moving on from your "Prime Years" along with losing a referral base due to your contacts at venues leaving their positions.
I believe DJs have their best years when they are in their late 20s on up to age 42 or so in terms of deejaying private events including Sweet 16s, Mitzvahs, Weddings. After Age 43, can still be quite good for DJs. Eventually, you look old and/or your clientele base changes. Image/Your Age will matter to at least some clients. Most Mitzvah clients will go with an energetic looking young DJ who is 25 or 30 vs the 65 yr old DJ. Younger wedding couples will relate and gravitate to a 30 year old DJ over a 60 year old DJ. Older DJs will still book weddings. They are just going to book fewer of them, and often older guys will be the ones who turn into the $400 to $650 wedding guy just to stay in the game and because a $600 wedding pays more than the $200 karaoke bar gig they get here and there.
Also, it's tougher to stand out, and show your Value if you are charging $1,700, and the vast majority of DJs in your service area are charging $300 to $800. If the inquiries coming your way are not referrals from a friend or planner who speak highly of you to the prospect, or the prospect themselves saw you at a previous event and really loved the job you did at the event then being way higher priced than most everyone else is going to be a tough sale.
I will say this about the great recession. The 2008/2009 years Sucked. Earnings was down over 40% both years from 2007. 2010 I chased work wherever I could find it and had to drop prices to obtain work. 2011 I was quite busy. 2012 was another busy year. 2013 was a real busy year with prices increasing. 2014 was a SLOW year. 2015 was the BEST YEAR I had. Every year since 2015 was a small decline, then 2020 Pandemic hit, and 2020 was the worst year ever! 2022 was probably my 3rd best year in 22 years of doing this.
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