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

What music would they be playing? Would your followers want to listen to it, just because you promoted it? More importantly, who's licensing the music/arrangements for public performance? Is that included in the 800 or do you need to pay that in addition to your other expenses? Does the 750 for the venue include ushers, ticket takers, etc. or do you have to pay for those out of pocket?