How do music venues make money




















Meanwhile, weighty surcharges are enough to turn away potential concert-goers from seeing smaller talent. For this their are splatforms like Songkick , Artist Arena , and youbloom Connect which link venues with lesser-known artists that are better tailored to a venues style and atmosphere. Giving artists a hand in their own ticket sales increases selling incentives for the bands. Companies like youbloom Connect have raised the stakes by also allowing fans to sell tickets, increasing selling power for the venue in exchange for discounted tickets.

While getting your bar or venue up and running feels mostly like a numbers game, there are also creative steps you can take to bring in some extra cash. Finally, make your space rentable. More than ever, people are looking for a one-of-a-kind atmosphere that can double as a work-space, or be rented out for company retreats, rehearsals, or a recording studio.

Notify me of new posts via email. Menu Skip to content Home About Contact. Search for:. It really comes down to two things: 1 , How you negotiate cost with artists and 2 , beer sales.

Like this: Like Loading Leave a Reply Cancel reply Enter your comment here Fill in your details below or click an icon to log in:. Email required Address never made public. Name required. Loading Comments Many accounting systems are built for this purpose, but automated spreadsheets can work surprisingly well.

Ready to take your bar management to the next level? Download our free weekly bar inventory spreadsheet to calculate bar costs and forecast sales — without the mental math. Download our free bar inventory spreadsheet to calculate your liquor costs in minutes.

Use simple strategies to reduce bar costs Is your pouring cost above this benchmark? Here are a couple of questions to ask when determining the cause of high bar costs: Is your supplier overcharging you? When suppliers increase their prices, it affects your profit margins.

Get quotes from other suppliers regularly to keep your finger on the pulse of the market. Is your bar team following standard drink recipes? Make sure all bartenders are following standard recipes for drinks. You can get into more trouble if your patrons or staff break the rules — you have to maintain control of your space.

Indrisano: You have to be super creative to run a dry venue. Bands have to be truthful to themselves and to the talent buyer about their fanbase, because it all boils down to the honesty of the artist-fan relationship during live performances.

If no one shows up, bands cannot blame the venue, like they forgot the "no booze" part. There has to be an authentic allegiance to the cause. Kaylee Bugg is a customer success specialist at Sonicbids. A graduate of Berklee College of Music, she is a vocalist, actress, band manager and former junior talent buyer for the Red Room Cafe We got three expert talent buyers and venue owners from across the US to weigh in on the subject of booze-free music venues: Kota Wade is the year-old owner and talent buyer for AMPLYFi.

How do dry music venues make money? Are band compensation structures different from traditional venues? Venue Owners Explain the Reality ] 3. What are some of the things that dry venues do to make ends meet? Do you think it's common for dry venues to take a cut of merch sales?

What makes a dry venue a great choice for a band? Jensen: I feel like there needs to be a safe place for kids. At a dry venue, what might you offer bands beyond compensation? Is it challenging for bands to play a dry venue? Are there perks to bands playing a dry venue? What do you like best about running a dry venue?



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