Do people think I'm a baby sitter?
Probably. It's actually a very serious question to consider, and depending on your own business plan might represent a potential downside of a Bubble Biz.
In a more general sense, Bubble parties represent a form of
under-utilization. Under-utilized means you are deliberately selling or producing at a level below your optimum capacity. You can do this for a variety of reasons, typically cash flow is the most common.
But under-utilization has some rules:
1. It is temporary.
2. It should benefit and not diminish or detract form your primary objective.
Let's assume your
best customer or
primary goal is adult functions that pay $500 and up.
You're weekdays are open, so you elect to sell a service like bubble parties at half that amount, just $250 and create some cash flow.
In an ideal world - you would find weekday work that is on par with your
best customer or
primary goal of $500+ events. But we are willing to start with booking something at just $250.
So, given that you are willing to make a temporary compromise at $250 - is the bubble party consistent with your
primary goals and the profile of your
best customers? Can this or will this lead you to filling that same open time with jobs at your preferred goal of $500+ ??
For me, the answer has always been no. The children do not provide me with a source of new work consistent with high paying adult jobs. The parents are typically already married - so there's little wedding potential. But most of all - the presentation of a
childrens show actually undermines my potential for recognition by adults who might fit my
best customer profile. Adults plannig an event aren't likely to give me serious consideration having seen me in that setting.
Not, to say I would never do a childrens show, because I have and I do. But when I'm looking to fill my weekdays - I'm more likely to look for corporate or retail work that supports my
best customer profile and feeds directly into the growth of my
primary goals.
Is it possible you could one day find yourself doing a bubble party on New Years eve for a modest price. ....while the parents are dancing in the room across the hall to another DJ they paid top dollar for ??