How to Become a Money Making DJ

Posted on | September 29, 2009 | No Comments

Working as a DJ and making good money has got to be about the coolest job in the world. There can’t be a better feeling than making a party night a success through your DJing.

But there is a world of difference between DJing in your bedroom, mixing MP3′s using some DJ software and making money as a working DJ. As with any new business you really need to start out with a good business plan.

Carrying out some research to determine if there is a market for what you want to offer is probably the first step. Are you a DJ specialising in one type of music, maybe house or hip hop, and if so how will you get your gigs? You neet to consider, what will it cost to produce a very professional demo CD that will be essential in getting those all important gigs? Your business plan will need to identify, realistically, how much you are likely to make and how much it is going to cost you in order to make that money.

A good business plan is really important if you are going to look for financial backing from your bank or private investors. Some of this money will be allocated to equipment costs which are likely to include some top quality, professional DJ headphones, some good quality record cases and maybe a good laptop with the latest DJ software installed. You may even need to invest in wireless microphone system if your style of DJing means you get out into the crowd. The key with business planning is not to leave anything out.

Most independent DJs operate as self employed business owners. It will probably be a good idea to get some advice from a business consultant or an accountant. You may even consider joining forces with some DJing friends in order to provide a portfolio of DJ services catering for a variety of functions.

Clearly there is much to be considered beyond the playlist for your next gig. Business planning can seem boring and tedious, especially when you’d rather be mixing, but its an essential part of making any business a success. Carrying out some thorough research and business planning will hopefully identify all of the expenses that you’re likely to encounter as well as how much you’re likely to make.

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