Well, who?
Are you competing with that bottom feeder? Why? Aren't you lowering yourself to his level by doing that?
I do not.
What about the premiere guy that gets all the big bucks gigs? What, you say that you can't compete with him? Why not? What does he have that you don't?
I am one of those premiere guys and there are some cheaper DJs who go out with a ton more lights and much bigger sound systems. But I don't sell on gear. I sell on what is important to the client. Peace of mind, both in the service I offer and how I offer it.
The only way to find out who your competition is is to get out there and do the research. When you have a free weekend start hitting the venues around the area and find out who is there (because you ain't). If you don't know them, get their card.
I have several other Competing DJs who I net work with. I have convinced several very talented Djs to increase their prices, which lets me increase mine. We also pass on bookings on filled dates so we keep the clients in a high quality circle. We cut out the chances of the bottom feeders getting some work and it has worked out extremely well. There are the few that don't want to participate and that is up to them. But every year someone else joins us and our network grows.
We also have a black list of Djs and wont go out of our way to trash talk, but they will never join us because of their history with clients or with us.
Hit their website and, if you have to, do some secret shopping. Some say it is unethical but do it anyway; get a friend to test them; have them call up the DJ and get the pricing information. Find out what is included.
I hire a mystery shopper every year, and I am on the list I give them to shop so I can see how I rank against the others.
My comments in Red.
Like to add... people who do this as a hobby will never understand the importance of setting a professional market price. They like to charge "what feels right" vs what is actually required to operate as a business legitimately. I put in full time hours and offer a service far beyond anything a part timer would or could do at their lower end price. Most DJs I talk to, once we break down their price vs costs are losing money but never realize it because they have a job or a dual income from their spouse and all their money is combined.
We are talking about someones wedding a $23,000-$30,000 avg affair. We as the entertainment providers do more than play music, we add value to the other elements of the party. What if everyone left early, didn't stay long enough to eat the mid-night lunch? All the decorations, hall rental, maybe a photo booth or photographer... If people stay to the end, then people got their full value or more out of everything. Other wise you could effectively cost them double by not doing as good of a job. That is worth something isn't?
Is it worth it to you to do all that for $300? $600? $1000? Wedding planners charge on avg 10% ($2000 est) Photographers $2000 avg, Photo Booths $1200 avg, Rentals are in the $800+ range... Everything costs more than what the avg DJ charges and if the party ends 2 hours before it was planned then that is 2 hours of money spent that increases the price of everything that was paid for.
Now lets look at the industry perception. You think you are charging a "fair" price. Fair to who? As I have pointed out the client is already spending big bucks for every other service but you. Maybe you think it is fair to charge less so you don't have to feel so accountable because they will expect less from you being so much cheaper than other services. You obviously are not living off your hobby, but some of us are and yes we work our asses off to put out a better product... only to have you "oh yeah, I can do that do..." But you can't and you wont and likely the bride will never know the difference right? Then you do an OK job, under deliver or blow it and those of us with an honest product get pegged down.
Ego... By now some of you are click clicking away on the KB in retort... Well, if you are so good... charge for it. Tell you what, when you have chest pains, gimme a call... or would you rather go see a professional heart surgeon... I will charge you $1000... It's a fair price isn't it? Of would you rather pay $100,000 and have a much better chance of surviving? Another Analogy... Your car breaks down... I can fix that. I'm not a mechanic, but I can read a manual, cost you parts from Auto Value and $25/hour... oh yeah, there is not warranty or guarantee though. But you can get warranted parts and service from a dealership and pay a few thousand more. We all have Ego's we all think we are good at what we do, but what are you saying when you are charging less than most others? Are you really better than the guy who charges 2x your price or are you letting your price do all the work for you? Your price is your talent, you are just the monkey pressing play on the same tired playlist you have used at every other wedding this year...
Just a point of view. I used to be a $450 DJ. I thought I was better than most others I seen and I challenged myself to prove that by putting my product ahead of my ego and guess what? $1495 for just a reception... 5pm to 1am and all the work I put into it before, during and after and I already have all of next August booked. Half of it spent in a town 4 hours away (+$300 and two nights room rental paid). I am not bragging, I am still not the best, I still have a lot to learn and I am always trying to better myself. But I did learn that my product was better than the price I was charging at $450, and it is better than the guys charging $800 and like I said, I work with other DJs who are also charging $1000+
Sorry for the long opinion piece.