by Tenko » Nov 26th, '07, 23:49
Now this is a very tenacious thread ! And to me, one which you should take many factors into account before offering your quote.
Last week I did strolling magic at a wedding and was paid £275 for an hour and a half.
How did I calculate my fee ? First, I set the ballpark being dependant on my skills and experience. Then I look at the event. Doing a private party in a house I would look at £40-£50 per half hour. Doing a wedding I would look at £50-£100 per half hour. I will take into account what area the booking is in, and where the venue is, which will give me an idea of what the booker is prepared to pay. Having taken wedding photos for over 20yrs I know that someone having a wedding reception in the local working mens club can only afford a quarter of what someone having a reception in the Ritz can afford.
So, I obtain all details of what it is and where it is, before offering a quote. I don't particularly concern myself as to what other magicians are quoting. I tell potential customers of my abilities and past record and leave it to the potential customer to decide if they want to pay my fee or go for someone cheaper and likely less experienced.
The old addage of "you get what you pay for" is quite true. I know childrens entertainers who charge £40 for a party and are quite c*** (not the best). I know others who charge 3 times that and are experienced and completely successfull at every event.
Try and work your fee to what you think YOU are worth and what the punter can afford to pay without begrudging it. My two penneth for what its worth. I'm available for genuine PM's if anyone wants to chat about this.
Tenko.
Yorkshire, UK
Male, 55yrs old, Retired.
"I don't believe it" Luke Skywalker
"That is why you fail" Yoda