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ripman8
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 Posted: Thu Jan 10, 2013 7:43 pm |
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Joined: Sat Nov 15, 2008 6:34 pm
Posts: 3616
Location: Toronto Canada
Been Liked: 146 times
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johnreynolds wrote: obviously working for yourself is going to net you 3-5 times what working for someone else is, unless you work for microsoft  as mentioned before, i know a lady the runs 6 shows a week (24 total hours IS part-time) and clears over $50k a year. very plausible. pays more than police officers and school teachers' national average paycheck...and did i mention PART-TIME HOURS???  Sorry John but I gotta question the "24" hour thing. If she is doing four shows, does that mean there is no tear down, no set up, no working on music library or cleaning/tpming equipment?
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KingBing Entertainment C'mon Up! I have a song for you!!! [font=MS Sans Serif][/font]
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The Lone Ranger
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Posted: Fri Jan 11, 2013 5:59 am |
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Joined: Fri Jun 17, 2011 8:22 am
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ripman8 wrote: johnreynolds wrote: obviously working for yourself is going to net you 3-5 times what working for someone else is, unless you work for microsoft as mentioned before, i know a lady the runs 6 shows a week (24 total hours IS part-time) and clears over $50k a year. very plausible. pays more than police officers and school teachers' national average paycheck...and did i mention PART-TIME HOURS??? Sorry John but I gotta question the "24" hour thing. If she is doing four shows, does that mean there is no tear down, no set up, no working on music library or cleaning/tpming equipment? I have to agree with ripman, karaoke is much like college for every hour you are in class, you should be doing 3 hours of homework or more. Karaoke is much the same way if you are playing 24 hours a week, you should be spending at least 72 hours working on other parts of your business. Although I don't canvass anymore for gigs since I also work 6 days a week, some time saved there, also I run a golden oldies show, not much time needed adding new music or updating existing books. Just making new ones when the old ones wear out.
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ripman8
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Posted: Sat Jan 19, 2013 7:38 pm |
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Joined: Sat Nov 15, 2008 6:34 pm
Posts: 3616
Location: Toronto Canada
Been Liked: 146 times
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The Lone Ranger wrote: ripman8 wrote: The Lone Ranger wrote: 8)  It is important not have all your eggs in one basket, that is a good way to risk getting them all smashed. Since I'm retired karaoke only accounts for about a third of my income. I did not quit my day job while hosting, and now hosting is all I do for at least the next 2 to 3 years. These are very difficult times financially to run a business, and it takes planning and a good business model to be successful. After all over 90% of small business's fail in the first 10 years, it is probably even worse now since we are going through the worst economic era since the Great Depression. It's always been more of a hobby to me, however in a couple years it will be all I do after retirement. Maybe more, we shall see! Really retirement ripman, I would have thought you you were still younger than facing retirement in a couple of years. Personally most long term hosts I have met are in their 50's or older. I'm pushing 70, that is why in a few years I will be done. I don't really see too many really young hosts. A couple of women hosts I have met were in their late 20's and then of course there are the college students that are hired by the local multi-rigger. Come to think of it almost every host is either retired or have a day job, I can't think of one host that just does this for a living, period. I guess that should tell us something about the industry, as a career choice. Have a nice day. Actually Lone, in one year and two months, I can start pulling from my retirement without being penalized.
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KingBing Entertainment C'mon Up! I have a song for you!!! [font=MS Sans Serif][/font]
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