It is standard in the mobile DJ company to acquire a deposit to their customers when they book an event with a DJ booking date. This is the root of my business plan. Exactly why I know this will work? Going forward, I did and I am sure that the plan will succeed in almost all cities across the country. You may think to yourself, "Are not you worried about competition? Really? I created my company and frankly, what is the probability that you are near me? Let's start.
I will use the DJ Wedding place my example. Most people planning a wedding DJ will be in place for several months to a year in advance. I discovered that weddings and dancing are some of my concerts to pay more. Most marriages, at least pay $ 350 to $ 500 based on demand and time of year, $ 500 to $ 1,000 is the norm. You can expect to get a first deposit of $ 100 to half the total.
Let the tools to be a DJ. You will be surprised how little it takes to get a basic level of entry agreement packet DJ. I could get my first game for about $ 550 and is a good team. Make no mistake, no, this game will not allow me to compete with high range of DJ services. No need to try to DJ a wedding has required a lot of material. I wanted to serve the lower end of the market where the big do not try to compete with me. It worked very well.
Money back on your first deposit. Say you find a DJ set that we can get for $ 750. What we have to do is work on the reservation of events sufficient to deposit $ 750 in cash to invest in all pure and simple. Another solution is that some equipment suppliers will allow us to purchase the equipment in a payment arrangement. We can work on that plan, too. All we have to do is book some weddings may be 6 months in the future and gather deposits now. Are you following along? We use other people's money to buy our equipment we can use to DJ for your business, we pay more money!
Using a deposit or a seller's "buy now, pay later" plan, we need equipment now, and use the money to pay for our equipment. Low risk.