|
Rickyrey, there are only 3 ways to increase your revenue.
1. Cut costs.
This is a little hard to do without becoming one of those pirates.
2. Increase the number of customers.
Also hard to do but can be done by (a) investing in more equipment and disks and adding employees or (b) trying to find more gigs at different times, like birthday parties or events during the day. (c) Have you thought about a teen club? You could charge a cover and sell food and drinks.
3. Increase the amount of $$ you get from each customer.
As you have already stated, a little hard to do, but think outside the box. Do you have to rely on bar owners for all your revenue? Maybe you could take over as the party planner. How about securing a venue and doing an A-Z event space? With limited funds, I would start with event planning. When you can establish yourself as the go-to guy for that, consider buying or renting a warehouse or old school/church. Don't limit yourself to doing what you've "always done".
You either grow with the times, or wither and die.
|