How to Start a Karaoke Business
While Karaoke isn’t as popular now as it was in the boom of the late nineties, there is still a lot of demand for this fun activity at bars, clubs, and special events around the country. While some bars have taken the time to set up their own in-house karaoke systems, many others rely on outside services to come in for their karaoke nights. If you are a Karaoke fan, a personable and outgoing business-minded individual, you could be able to establish a profitable business and have a lot of fun running your own Karaoke Business.
Getting Started
One of the great things about starting your own karaoke business is the small amount of capital needed to begin. It doesn’t require a regular place of business, unless the company grows to the point where it begins to have employees. Here are the assets essential to a Karaoke show: A high quality Karaoke CD-G player. Find one that has an automatic CD changer with the ability to hold a couple hundred discs. This will cut down on the wear and tear on CDs, which will be handled and played on a nightly basis. A CD-G decoder, which can be found at a Karaoke supplier on the internet is also required. Next, a large stock of the CD-Gs themselves, which can also be purchased through the internet or through trade catalogs. A good monitor to display the words to the songs, and an amplification system for the singing should be purchased but by shopping for the best prices a Karaoke Business can be started for less than $5,000.
How to Conduct the Karaoke Business
A successful way to get a Karaoke Business off the ground is to create some business cards and begin meeting the owners of potential karaoke settings in the area. Investigate what other Karaoke entertainers are charging and offer more competitive prices, which may open some doors that might have been closed otherwise. Be friendly and be persuasive. Do some research and have some figures on hand that can convince any wise business owner that your Karaoke will be good for their bar. Businessmen respond to profits so be prepared to explain how employing a Karaoke Business is going to provide it. Though Karaoke is a fun activity, business owners want to know how this will positively affect their bottom line.
Once the business has been established, build on new business relationships to expand it. Host a professional, well designed show that attracts clientele. This will allow the business to grow and develop into a thriving success.