This isn't a thorough explanation. What do you mean by 1k a night? Is that the profit earned a night? After what expenses? What and how did you get the artists, venues? When you say "tour", who's traveling and through what means?
How would you flip $10K-$15K?
- Thread starter WheresWallace
- Start date
This isn't a thorough explanation. What do you mean by 1k a night? Is that the profit earned a night? After what expenses? What and how did you get the artists, venues? When you say "tour", who's traveling and through what means?
notPsychosiz
I started this gangsta sh-
You'd do 30 dates/venues which would span something like 35 days. Either nationally or regionally, stopping at major cities along a set route.
I said hire a tour manager cause there are specifics you are not qualified to do yourself, artist liasion stuff and venue/promoter negotiation stuff mostly.
Whenever we tour we usually rent a 6-8 person van... but if you have multiple acts or a band you might need a larger van or two vans, either way that increases gas budget. We rented a dodge charger once when we were just on the road for a week... but if you are grimey enough to use your own car you can save yourself like an extra 3k.
The whole 15k would go to booking hotels, paying the artists, and securing the venues. That plus travel is all of your expenses.
If you put a good enough roster together that they can clear 1k a night/show whuch is basically 100 fans paying $10 (not hard to do for a good roster) you clear 30k (1k times 30 shows) so the 15 you spent initially is covered and you made 15 on top of that. Thats just doing clubs, not taking into account if you can get a few colleges booked which are like 5k a pop sometimes.
If you get a good headliner and a strong midcard, the opening act will probably go on tour with you for free, and local acts will open for the entire tour for the chance to play with the midcard/headliner.
Its more complicated than selling phones or drugs, but its legal and proven.
Ok, let me break this down. The people traveling are you, your tour manager and who else? Im confused because Im assuming you or someone you're with is an artist which obviously isn't the case. Also I take it you're booking these artists ahead of time [handled by the tour manager I suppose]. Also the artists you're booking are somewhat lowlevel, I can't imagine you booking any one artist for more than 1000 unless at some point your bankrolling your money that you've made from previous dates. But you still have to book in advance and most artist have upfront fees.
ThaRealness
Superstar
Buy a shytload of gasoline
notPsychosiz
I started this gangsta sh-
Well, I'm an artist, so its a little different... but if you were just financing the tour like in the OPs case, I don't really see the point of him going. Thats why I said hire a tour manager (Also, the tour manager is gonna be doing most of the driving).
So in a 8 person van, you have 1 tour manager, 1 dj (you only need one for the whole tour), and 6 slots to divy up between 3 acts. A headliner, a midcarder, and an opener.
The opener is just happy to be on tour. The midcarder is good with a nominal amount... I'd say for the 15k example, I would pay the midcard 3k and the headliner 6k that translates into $100 a show guarenteed for the mid and $200 guarenteed for the headliner. You can negotiate spots/venues for 6k (because they keep 100% of the bar and are given a flat fee to let the tour take the risk on collecting the door/ticket sales), then with travel and lodging you are looking at probly 20k in expenses (total) just estimating. The artists will make additional money by selling cds, shirts, etc, and you can also by having a tour cd or shirt with a track from each artist... something along those lines.
The artists, the venues, the hotels, the cars, all booked ahead of time before you leave on day one.
Before the tour even begins you can calculate the expenses and the projected return cause everything has set pricing.
The only thing that fluctuates is draw (fan turnout) so you can't book bums. But most artists that are about at the point where they are popping and people want to see them dont have 20k to tour themselves, so its not hard to get solid talent.
ok so it's starting to make sense now. The reason I was so intrigued is because a friend of mine just started a greek life social network site and I was thinking about getting him to do a campus tour in order to promote the site. This would have been perfect to do with Mac Miller or somebody just before he was coming up, idk what white artist is played by the frat type now though, maybe a Hoodie Allen or somebody like that. G-Eazy is too big to be trying to pay 6k for 30 days lol.
cyndaquil
Lv 100 Bold natured
Open a strip club called nipple-opolis
What about hotels? You expect the artists to cover room and food themselves?
Actually seems like a really good idea. Probably hard to find decent artists though.
Don't waste time trying to 'flip' your money. If you think investing in the stock market is risky, spending your money on some random hustle is even more risky. The key is to use a portion of that money to educate yourself on some endeavor that looks interesting to you, whether it be entrepreneurship, real estate or the stock market. Use the competence gained from that knowledge to really make your money grow. If you're not willing to do that, you might as well just leave the money in the bank.
notPsychosiz
I started this gangsta sh-
You should covers the hotels. 200 a night for 2 rooms is about average at a Comfort inn or whatever. You are only there a few hours to sleep before leaving town in the morning. People can buy their own food or you can provide what is called perdiem, which is a daily allowance... but it isnt required, not at the 15 - 20k tour level.
Some nights people might buy an additional room if they need it, or end up at a groupies house, or someone they know in that town, or the studio of a local artist who wants a verse while they are in town... but the tour managers job is to make sure they don't oversleep at some broads house and throw the whole schedule off... which happens sometimes with acts new to touring.
Can you give examples of artists at different levels for example the 10k level, 6k level, 3k level, etc?
notPsychosiz
I started this gangsta sh-
Its just about numbers, not really how nice they are.
If your goal is 100 people a show at $10 a ticket, you might have a headliner that can bring 50 people, a mid act thats good for 20, and an opener thats good for 5. That way you are at 75, bare minimal. A good local act can bring 20 people even a promoter thats
can trick 5 people into showing up somewhere... so you hit your quota.As for prices... I don't really know the new kids rapping nowadays. But they are only worth their draw (the amount if oeople that will pay to see them) and some pepole's draw is nor universal. You might have an STL dude that is good for 100 people in STL, 50 in CHI... and 10 in LA cause people don't know him on the west. So thats why the tour manager or someone in that world is important cause they look at stuff like that.
Its just about numbers, not really how nice they are.
If your goal is 100 people a show at $10 a ticket, you might have a headliner that can bring 50 people, a mid act thats good for 20, and an opener thats good for 5. That way you are at 75, bare minimal. A good local act can bring 20 people even a promoter thats
As for prices... I don't really know the new kids rapping nowadays. But they are only worth their draw (the amount if oeople that will pay to see them) and some pepole's draw is nor universal. You might have an STL dude that is good for 100 people in STL, 50 in CHI... and 10 in LA cause people don't know him on the west. So thats why the tour manager or someone in that world is important cause they look at stuff like that.
See now that promoter will be more costs. How much would you say should goto a promoter at that level 100 dollars and some free tickets? Because that could be another 3k expense.
notPsychosiz
I started this gangsta sh-
No, the venue itself will promote locally, as will the local act opening the show before the tour acts go on. You don't pay them anything. They constantly promote the venue to keep it relevant regardless of what is going on there for that week.
You on the other hand simply promote the tour as a whole and people interested will pick the location closest to them or their city.
You can hire a promoter if you want, but if your acts are solid, them tweeting they are in town and doing a show will be far more successful than trying to lure in people that are not fans which is what promoters do.
joeychizzle
光復香港，時代革命
buy stuff from third world countries and sell them marked up - buy low sell high.
set up a business which isn't too capital-intensive.
get in touch with friends or relatives that invest, and inquire on decent investments.
if you're good at making something, cop raw materials and start producing. this ties in with the first point if applicable.
don't gamble.. the risk is too high to justify the reward.
set up a business which isn't too capital-intensive.
get in touch with friends or relatives that invest, and inquire on decent investments.
if you're good at making something, cop raw materials and start producing. this ties in with the first point if applicable.
don't gamble.. the risk is too high to justify the reward.
