Top Ten Tips for Surviving the Recession in Entertainment - Pay Peanuts, Get a Monkey!

1. Opt for Off-Peak Discounts

When booking a band, inquire if the band agents offer discounts for events scheduled from Sunday to Thursday. Off-peak days are less in demand, and you might secure a better rate. According to Eventbrite, events held on weekdays can save organizers up to 20% on costs.

2. Early Event Discounts

If your event is scheduled to start before 6 PM, ask if there are any early event discounts available. Bands and venues often offer reduced rates for earlier time slots, as they are less popular.

3. Utilize Existing Sound Systems

Check if the venue has a sound system on-site. This can save you a significant amount of money, as bands typically charge extra for hiring a PA system. According to The Balance Small Business, renting a PA system can cost anywhere from $200 to $1,000, depending on the quality and size.

4. Reduce Band Size

If your budget is tight, consider reducing the number of band members. This option is usually applicable to larger bands. A smaller band can still provide great entertainment while being more affordable.

5. Book Multiple Acts Through One Company

Booking multiple acts through a single company can often lead to additional discounts. Entertainment agencies are more likely to offer better rates when you book several services at once.

6. Advance Payment Discounts

Ask if there is a discount for paying in advance. Many bands and entertainment companies offer reduced rates for upfront payments, as it guarantees them immediate cash flow.

7. All-Inclusive Fees

Ensure that the fee quoted includes all travel and band expenses. Hidden costs can quickly add up, so it's crucial to have a clear understanding of what the total fee covers.

8. Continuous Sets

See if the band is willing to perform a two-hour set without a break. This can sometimes reduce the overall cost, as it minimizes the time the band needs to be on-site.

9. Barter Services

Consider bartering services with the band or agent. If you have a business that could offer something of value, such as marketing services or venue space, you might be able to negotiate a better deal.

10. Choose Reputable Companies

At the end of the day, if you pay peanuts, you’ll get a monkey. Opt for a reputable company when booking entertainment. Quality service providers offer support and backup if needed, ensuring your event runs smoothly.

Interesting Stats

• According to Statista, the global events industry lost approximately $30 billion in 2020 due to the COVID-19 pandemic.
• A survey by EventMB found that 87% of event professionals had to cancel events due to the pandemic, highlighting the importance of flexible and cost-effective planning.

By following these tips, you can navigate the recession's challenges while still providing top-notch entertainment for your event. Remember, quality doesn't have to be sacrificed for affordability.