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Easy Money Event Company - Would it Work? (alien.top)

submitted 11 months ago by Sine_Nomine108@alien.top to c/entrepreneur@indiehackers.space

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I've been researching the following - hiring a string quartet would cost around £800 for a 2hr set, hiring a local ~300 seat venue would cost around £750. If tickets were sold for a flat rate of £20, this would make the total amount in sales ~£6000, and after the above costs were deducted this would leave ~£4450 for a single event. I currently possess a local instagram page with ~10,000 followers that live within my city so this would help with advertising, though I would still allocate money into other methods of marketing to ensure maximum reach to sell tickets.

On paper, arranging such an event doesn't seem too difficult to do - is there something glaring I'm missing or is this potentially 'easy' money?

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[–] feudalle@alien.top 1 points 11 months ago (1 children)

Don't forget event insurance.

[–] Sine_Nomine108@alien.top 1 points 11 months ago

excellent point, but even that would only cost ~£200 odd for £2m cover per event - still doesn't eat massively into the margins