Do you Pay Taxes?

[rickyrey]

Thinking of closing business down

[marklwood]

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.

[rickyrey]

Thanks for the tips

Maybe, times are changing and this was so much fun before but now I see so little or no respect from customers and from owners that I do not know what else to do to please them.

Just today my disc provider told me that another karaoke company had closed down operations. I am talking about Legends Karaoke, Sounchoice stopped doing latin karaoke like two years ago and there are a lot of other companies that are limiting new disc releases for example, Pocket Songs.

Feel that what lies ahead is not a bright future.

[Lonman]

Originally Posted by rickyrey

Thanks for the tips

Maybe, times are changing and this was so much fun before but now I see so little or no respect from customers and from owners that I do not know what else to do to please them.

Just today my disc provider told me that another karaoke company had closed down operations. I am talking about Legends Karaoke, Sounchoice stopped doing latin karaoke like two years ago and there are a lot of other companies that are limiting new disc releases for example, Pocket Songs.

Feel that what lies ahead is not a bright future.

Times may be a changing, but karaoke is still pretty strong in the world. The manus that aren't playing by the book are getting shut down, this will keep the ones that are stronger. Home machines are getting more popular & will create more that want to sing in front of an audience. Legends is actually Sunfly (at least it was at one point) so they just may have shut down that line.
Karaoke is a changing, I think it's going to the way of downloads which it seems may be the case why some of the 'legit' manus are being slow in production because they have to aquire the proper licensing (just a thought - not fact). If not, well then we'll all be out of a job - although it still won't happen overnight. I don't know about anyone elses show, but mine is not heavily reliant on the 'new' - meaning current on the radio songs, these tend to only be popular for a couple weeks anyway 9 out of 10 times. Most are picking the 70's-90's rock & country from all years, and these are the LOW 20's asking for them.