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<blockquote data-quote="Brian jojade" data-source="post: 48192" data-attributes="member: 211">Re: pricing for a rig rentalExcellent post!!&nbsp; Yes, it is possible to make a profit in this business, if you price your products that way.&nbsp; Yes, you WILL lose some jobs that are based on price alone.&nbsp; But so what?&nbsp; Personally, I budget to use any piece of gear for 100 events.&nbsp; I calculate my average cost of the event for gear alone based on 1% of the cost of the gear.&nbsp; After being used 100 times, I will sell the gear, usually getting around 50% of what I paid for it originally.&nbsp; That 50% generally covers the cost of any repairs that may have had to be done.Now, there are a few exceptions to some gear that I keep longer than 100 events (e.g., truss, stands, Rack drawers, etc), but for main components, speakers, mixers, etc, I try to stay at that level of rotation.&nbsp; This means my gear is always in like new condition.&nbsp; Of course, some less used gear could be 5 or even 10 years old before selling it, but if it hasn&#039;t been on a lot of events, that happens.No, I don&#039;t do bottom feeder jobs.&nbsp; The events I do, I get paid very well for.&nbsp; The bottom feeders around hate that for some reason I can scoop up the good paying jobs when they come along, and they are stuck working their arse off for the low paying ones.&nbsp; It&#039;s a whole different market segment.</blockquote>

[QUOTE="Brian jojade, post: 48192, member: 211"] Re: pricing for a rig rental Excellent post!! Yes, it is possible to make a profit in this business, if you price your products that way. Yes, you WILL lose some jobs that are based on price alone. But so what? Personally, I budget to use any piece of gear for 100 events. I calculate my average cost of the event for gear alone based on 1% of the cost of the gear. After being used 100 times, I will sell the gear, usually getting around 50% of what I paid for it originally. That 50% generally covers the cost of any repairs that may have had to be done. Now, there are a few exceptions to some gear that I keep longer than 100 events (e.g., truss, stands, Rack drawers, etc), but for main components, speakers, mixers, etc, I try to stay at that level of rotation. This means my gear is always in like new condition. Of course, some less used gear could be 5 or even 10 years old before selling it, but if it hasn't been on a lot of events, that happens. No, I don't do bottom feeder jobs. The events I do, I get paid very well for. The bottom feeders around hate that for some reason I can scoop up the good paying jobs when they come along, and they are stuck working their arse off for the low paying ones. It's a whole different market segment. [/QUOTE]

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