To me, the hard truth is that a non-wedding event is getting harder to put together these days. You can get the local hall for $150-$250. You can feed people for the same or have everyone bring something. Someone having a party at home has an even smaller budget. Now tell me how anyone is going to see the logic in spending $500 on music?
As I stated earlier, I can certainly go down the road to one of those parties and turn a profit for $200. I'm am neither a poor DJ or a poor business person. Now, you could simply leave that "nitch" market for the more humble DJs and seek out the wealthier folk, but you can't dismiss its existence.
I didn't say it was impossible to turn a profit doing an event for $200. What I was implying is that if you can only ever charge $200 for a private event, you are probably not a very good DJ. If you can charge more that $200, but don't, you're not a very good business man. Simply making a profit does not make someone a good business man. If they are leaving money on the table and there's no good positive reason for it, that's my definition of a poor business man. I understand for some it's a hobby and that's different.
I also agree...as I mentioned, that there will always be that $200 DJ. Why? Because there will always be someone looking the get the lowest price, and there will always be someone will to provide the service at the lowest price.
I'm also talking in general terms. To me, a $200 DJ is someone who regularly books private events on saturdays for $200. I'm not talking about unique situations or weekly gigs. Just like I'm not a $2000 DJ because I've done one event at that price.