By Chris Cope
Advertising ◦ To be done by word of mouth and various websites. Salary ◦ Our few employees will work on commission from what we make from the band, label, or venue. Rent ◦ We will be working out of our cars and homes for the first few years so this will not be necessary. Inventory ◦ Since we are in the service industry we will not have to keep inventory. Supplies ◦ Supplies will be our main expense, as we will use paper to make fliers in mass quantities for the shows we are promoting.
Internet ◦ The company will pay for internet for our promoters. This will be approximately $ a month to cover all of our employees. ◦ We feel this is necessary because it is now the best way to get your name out, especially with web 2.0 products and services.
With employees working on commission, we feel they will be very competitive with other promoting agencies. On average we will make $300 dollars a show, and pay 20% commission to whoever booked it. At an estimated four shows per week our company will gross $1200. We expect this to rise exponentially as we get our name out and work a larger area. Since our commission will be relatively low, we will provide bonuses throughout the year based on our net profit.