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Making the next step in the PA biz... Let's hear your thoughts
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<blockquote data-quote="Luke Geis" data-source="post: 81649" data-attributes="member: 3859"><p>Re: Making the next step in the PA biz... Let's hear your thoughts</p><p></p><p>I'm an in betweener at the moment. I spend about half my time running other people stuff and the other half running my own stuff. I make way more money running my own stuff of course, but there is a lot of investment put into it too. The real money is actually in the shallow end of the pool. The little guys running SOS systems can book three or four gigs a week and a hopefully more than occasional BIG gig are really the ones having more fun. They are home most of the time, have a small inventory to contend with and can afford to replace the stuff that broke but paid for itself 20X's. I have several different rigs for different things. I have the really small rig, the intermediate and my big rig. All my rigs are small in comparison to the larger houses, but each one does nothing but make money!</p><p></p><p>Stepping up to the next level I have found is not what I consider fun. You have a huge initial investment that you have to put to work. Your also still going to be dealing with Tech riders that will always have stuff you will have to cross rent. Most of the time these gigs will be for less than what you would really like to be making. On top of that, you will need a place to store, repair and prep all that stuff. The profit margin gets smaller and smaller the bigger you get. Don't forget about insurances, logistics and labor.......</p><p></p><p>I don't think renting out the equipment is the answer either. Now your paying for someone else's gear and still making a short profit margin. The liability is still in your hands and you will need the insurances to securely run that type of show. And when things go wrong and you have to kick back money to a client, it's coming out of your pocket. I tried doing this for a while and though I was lucky, I didn't see long term viability in it. </p><p></p><p>You will have to sit back and really see what your heart wants. If your worried about the ROI and profitability, then going bigger may not be the way to go. If you don't want to be the little guy doing the little shows, you will have to either own, or rent the equipment you don't own. I don't particularly care to tech other people stuff, but that is a money making venture that requires very little investment. I have found a happy medium picking the shows I want to do with my equipment and teching other houses stuff. I'm not making a killing, but I'm never broke either. Guess you really have to know what you want first?</p></blockquote><p></p>
[QUOTE="Luke Geis, post: 81649, member: 3859"] Re: Making the next step in the PA biz... Let's hear your thoughts I'm an in betweener at the moment. I spend about half my time running other people stuff and the other half running my own stuff. I make way more money running my own stuff of course, but there is a lot of investment put into it too. The real money is actually in the shallow end of the pool. The little guys running SOS systems can book three or four gigs a week and a hopefully more than occasional BIG gig are really the ones having more fun. They are home most of the time, have a small inventory to contend with and can afford to replace the stuff that broke but paid for itself 20X's. I have several different rigs for different things. I have the really small rig, the intermediate and my big rig. All my rigs are small in comparison to the larger houses, but each one does nothing but make money! Stepping up to the next level I have found is not what I consider fun. You have a huge initial investment that you have to put to work. Your also still going to be dealing with Tech riders that will always have stuff you will have to cross rent. Most of the time these gigs will be for less than what you would really like to be making. On top of that, you will need a place to store, repair and prep all that stuff. The profit margin gets smaller and smaller the bigger you get. Don't forget about insurances, logistics and labor....... I don't think renting out the equipment is the answer either. Now your paying for someone else's gear and still making a short profit margin. The liability is still in your hands and you will need the insurances to securely run that type of show. And when things go wrong and you have to kick back money to a client, it's coming out of your pocket. I tried doing this for a while and though I was lucky, I didn't see long term viability in it. You will have to sit back and really see what your heart wants. If your worried about the ROI and profitability, then going bigger may not be the way to go. If you don't want to be the little guy doing the little shows, you will have to either own, or rent the equipment you don't own. I don't particularly care to tech other people stuff, but that is a money making venture that requires very little investment. I have found a happy medium picking the shows I want to do with my equipment and teching other houses stuff. I'm not making a killing, but I'm never broke either. Guess you really have to know what you want first? [/QUOTE]
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