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Posted by: Andrew (66.108.99.173) on November 03, 2002 at 03:02:08

Location: NY

In Reply to: Feedback Please posted by Layla on October 31, 2002 at 09:48:36:

If you plan on charging in the 20's you have to scale quite quickly before you will make any money. If you don't you will just abandon the project leaving all the hpoeful models with a wasted $20. So think about this first, run a financial projection. What do you think you can do monthly (income)? Why would someone visit your website? What screening process will you have in place? How much time will you dedicate to each person who pays to join your service?

You have good intentions, however from a business standpoint of view it doesnt really make enough sense to do this.

To create a fairly good looking site someone like me would charge you $5-8K for an initial rollout then you have to plan carefully for expenses you will incur along thw way. (Will you have a staff?)

Now lets say $5k is just upfront design and development cost. Lets say $25 is the cost you charge per person.

Thats 200 individuals you will have to recruit before you recooperate your development cost.

Thats quite a long road to profitability and you may well burn out before hand.

Andrew

: I'm wanting to start a new talent portfolio website for young, old, male, female, acting, modeling, voice over, possibly singing. I plan on actually helping the talent get started or find agents and work for those that are already in. And evolving the site into model management for those in key areas. I do have to charge because this will be my "job" and I expect some expenses although I'm not sure just how much I can expect. What does everyone think would be a fair and reasonable price? I'm not looking for hundreds of dollars like most of these sites that don't even do anything. I'm thinking in the twenties somewhere. Also if anyone has any suggestions or comments on the site and this type of business please share? Anything that you think would make the site worth while and be important features in actually helping talent?

: Layla

Follow Ups:

• Re: Think carefully before planning - Layla 11:44:10 11/03/02 (0)

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Comments:
: If you plan on charging in the 20's you have to scale quite quickly before you will make any money. If you don't you will just abandon the project leaving all the hpoeful models with a wasted $20. So think about this first, run a financial projection. What do you think you can do monthly (income)? Why would someone visit your website? What screening process will you have in place? How much time will you dedicate to each person who pays to join your service?

: You have good intentions, however from a business standpoint of view it doesnt really make enough sense to do this. 

: To create a fairly good looking site someone like me would charge you $5-8K for an initial rollout then you have to plan carefully for expenses you will incur along thw way. (Will you have a staff?)

: Now lets say $5k is just upfront design and development cost. Lets say $25 is the cost you charge per person. 

: Thats 200 individuals you will have to recruit before you recooperate your development cost. 

: Thats quite a long road to profitability and you may well burn out before hand. 

: Andrew
:   

: : I'm wanting to start a new talent portfolio website for young, old, male, female, acting, modeling, voice over, possibly singing. I plan on actually helping the talent get started or find agents and work for those that are already in. And evolving the site into model management for those in key areas. I do have to charge because this will be my "job" and I expect some expenses although I'm not sure just how much I can expect. What does everyone think would be a fair and reasonable price? I'm not looking for hundreds of dollars like most of these sites that don't even do anything. I'm thinking in the twenties somewhere. Also if anyone has any suggestions or comments on the site and this type of business please share? Anything that you think would make the site worth while and be important features in actually helping talent?

: :           Layla



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