Stu,
I am familiar with Ferrell's message in ALL it's permutations, and the original source ideas from which he drew them.
Unfortunately, you and many people are still trapped in his mistaken step of letting his original point develop into a
call to faith for price fixing.
You repeat this theme with multiple variations throughout your post.
You are demanding that
other people respect
your idea of what a DJ should be, and how he should be priced.
You also complain that the hobbyist doesn't run his show like a business - well
duh? What part of "hobby" escaped you?
Clearly it isn't true, or you wouldn't be so peeved about everyone else's business.
You as a DJ set the status for
your company alone.
The customer's balance out the industry as they vote with their feet and their wallet. If you are too high or too low for what they expect they go somewhere else. Yes, I also said
too low. People are smart enough to know when your price indicates you don't have the required skills to meet their demands. Too high means you expect to sell more than they care to buy.
Bose is NOT an
industry. It is
one company that chose direct marketing as the primary way to sell it products. (The strict price controls prevent Bose from having to compete directly with it's own dealers.)
Personally I'm among that group of people that has never liked Bose equipment, so "great deal" would be a mute point for me. (But, that's a side issue.)
Do I reject the idea of charging an appropriate fee for your services? Of course not. But that is
not the message
you are delivering.
First off, I am an atheist, rationalist and skeptic, so when you use the word "faith," you blunder into a display of ignorance -- of me
and of Ferrell's "mistaken" ideas. Like a good many people, I was skeptical when I came out of the first "Worth" seminar as well. So skeptical that I forgot about the whole thing. A few months later I had joined my local Chamber of Commerce. One of the incentives to new members they offered was to go over and / or develop a business plan. Like many other DJs, I had no real plan. (I did keep extensive accounting records, though.) So I went in and spent the better part of the day having the experts go over my business from top to bottom. This normally would've been something routine -- even mundane -- and I wouldn't be mentioning it nearly a decade later. But when the team at my chamber advised me that I should be charging
a minimum of $1,200.00 per event, it made me take a harder look into Ferrell's facts and figures. The business guys arrived at the
exact same figure independently, and I hadn't breathed a word to them.
Turns out that Mark Ferrell isn't a genius or marketing god, nor is he attempting to "price fix" anything. He simply borrowed the
same information that businesses use every day. Unlike nearly every DJ on the planet, he applied it to his DJ business. DUH.
You also are mistaken when you say that I demand that people respect my idea of what a DJ should be. I don't particularly CARE what someone thinks a DJ should be and make no demands. Hell, DJs have expanded into so many areas of entertainment that even the term "DJ" has become a bit of a quaint misnomer. I, for one, applaud the diversity among entertainers. The more we differentiate, the easier it is to market ourselves. I only wish that such diversity was universal. Then I'd be like BOSE.
And you DID note my admonition to not get too into my analogy -- it was designed to point out a single similarity between the DJ industry and the way BOSE operates. (But I do share your dislike of their gear. I'm an EV / EAW man myself.)
I also don't mind the hobbyists -- they've been around for as long as our industry, and they really aren't my competition... normally. My complaint is with those professionals (and those CLAIMING to be) who operate as a hobbyist, without any real plan or knowledge of their true financial situation. I might help out a good friend or family member with the expenses of an event they're planning, and I might even volunteer for a good cause. (In fact, I do!) But is it smart, wise or advisable for a group to work a day job to subsidize the events of total strangers? A whole market? And how will the professionals survive? This isn't the free market at work as much as ignorance and fear.
Charging an appropriate fee is PRECISELY the message I'm delivering! But who defines "appropriate." To me, appropriate means fair to all parties. That includes the DJ.
Have you ever had a client call and toss out a price at you? I know I do! And it makes me wonder where they get the idea that they can get a DJ for such a price. When I've asked, I usually hear something like, "That's what another DJ quoted me." This is a far cry from other industries! Try calling your local dentist for a quote for a new crown. Any you call will be within a very narrow cost difference. Do they "collude" or "price fix," or do they just understand their situation better than we do? They have unions and professional associations that offer advice. What do you think might happen if you called a dentist and said, "I need a new crown, but I can only pay $80.00."?
Do you see rogue dentists offering services far below standard costs? If you do, let me in on it, 'cause I need a bit of work myself.
