Rob
I know very little about your market except for a bit I read after reading your post today. According to Wikipedia Elkhart has about 50,000 with another 30,000 close by with an average income of less than $35,000.
What was that statistic based on the 1980's? The median income level is much higher than that... unless you work for McDonalds...
What Wiki dosen't tell me is how many DJ's in your area and what is the average rate they are charging?
I know there are at least 8 DJs that advertise in the phone book... 12 or so that advertise on some of the internet sites such as wedj.com.... my guess is there's at least 20 that actively advertise... and probbably twice that, that don't.
What do they offer that you don't?
The only thing some might offer that I can't is the club DJ style of DJ'n and currently an extensive light show. But, for me that's an addon option not part of the standard service agreement.
What do you offer that they don't?
Of the ones I can checkout the biggest difference is my online pre-event services such as online planners and more.
How far are you willing to travel?
For that price I will travel within a 100 mile radias of Elkhart, more than that with gas prices I'd have to get more.
How long have you been in business?
3 years, 4 if you count the free shows I put on to test my gear.... and practice.
Mabye I am dead wrong but $914 sounds like alot for a city that has an average income $13,000 less than the national average and 10,000 less than the state average
I don't think it's low... take out the lights and you have $799.00 for:
*Up to 6 hours of performance time
*Unlimited one-on-one consultations
*Emcee
*Online Planners
*Online Timeline
*Online Music Request System for Client and Guest (pre-event)
*Music selection from the 50s to todays hits
*All digital state-of-the-art sound system
*Events taylored to the clients desires (in other words if me wearing a chicken suit is going to make or break their event, I will wear a chicken suit) Actually that means I will structure their event to fit their needs while guiding them in a direction to keep things flowing well, in the end what the client wants is what the client gets, period.
I'm also working on using slide shows of the event and possibly pre-planned and arranged slide shows of the bride and groom... you know the "When they were 5 picking their nose." pictures.
I can't lower my rates much lower then they are now... I need to be making at least 50,000/yr bear in mind this is a gross income and doesn't take into account for the yearly expenses... so after expenses I probably won't even make 30,000 but it's a starting point. Remember I'm a single op I can't do more than 2 events a day assumeing they don't conflict in time and I can get from one to the other in time.
If I were booked everyweek on Saturday:
799.00 x 52 = 41,548.00
This tells me to reach my goal I've got to sell more dates (that's obvious) or more addon services such as:
Lighting and Karaoke, plus when I work out how I'm going to handle slide shows and maybe even video.... I'll add those to the mix.
I have packages that range from $599 (basic no frills 6 hours music only) to $899.00 (All inclusive 6 hours) I'm not afraid to post my rates here, nor am I ashamed of them or think they are too high or too low... I believe I'm some where in the middle, for my area and the research I've been able to do.