How much money have you lost???

Discussion in 'Band Management [BG]' started by TexasEdition, Jun 11, 2020.

  1. We have our first show in about 5 months coming up next week. It's at one of our favorite little hole-in-the-walls that has treated us very well over the years. We are not taking any money for this one and helping them with their post covid re-opening.

    So I was going through some financials and trying to figure out where we stand after loosing about 5 or 6 gigs over the last 4 months and figured that we SAVED about $413.... :roflmao::roflmao::roflmao::roflmao::roflmao:
  2. makaspar

    makaspar Supporting Member

    Oct 23, 2009
    Austin, TX
    Ha! You may want to take another look at your business model...
  3. lyonaudio


    Apr 16, 2019
    Sort of like the old shirt factory joke.

    Sam: "George, I've just done the books and we're losing $3 on every shirt we sell. How are we ever going to make money?"

    George: "Volume!"
    Wisebass, Drzejzi, Shalto and 7 others like this.
  4. Scoops

    Scoops Why do we use base 10 when we only have 8 fingers Supporting Member

    Oct 22, 2013
    Sugar Creek, Wisc
    Really? In 5 months, you'll be helping a them out of a Covid dilema?
    When the bars opened here recently, there were plenty of people in the bars.
    No need to take a pay cut because you want to help.
    If you want to help, come paint my house. I'll give you a round of applause for payment

    /\ /\

    I worked for a large department store retailer for a while. They actually design and manufacture much of what they sell.
    A standard middle of the road dress shirt costs about $2 to make. Polo's are @$1.50.
    Beej, Sean Brookes, StayLow and 5 others like this.
  5. two fingers

    two fingers Opinionated blowhard. But not mad about it. Inactive

    Feb 7, 2005
    Eastern NC USA
    Yeah, I have made a lot of money playing music over the years. But it's been more of a hobby the last few. I spend way more than I make on music. I won't play for any less than $150 a show out of principle (unless it's a charity event).

    During C19 I have spent quite a bit on bass toys (and building broadband absorbers for my jam room). So I'm in the hole for sure. I don't wanna calculate how much. :D

    To stay more on topic with (what I think is) the spirit of your question, we had half a dozen gigs canceled so far. So I'm technically down 'bout nine hunnerd bucks.
    M0ses, kjp360 and mikewalker like this.
  6. Pacman

    Pacman Layin' Down Time Staff Member Gold Supporting Member

    Apr 1, 2000
    Omaha, Nebraska
    Endorsing Artist: Roscoe Guitars, DR Strings, Aguilar Amplification
    I've lost over 5 grand since this pandemic hit. It's brutal...
    portpc, Wisebass, maxmaroon and 6 others like this.
  7. SXema


    Jul 12, 2017
    I wish you the best, stay strong. This is going to end.
    Beej, Pacman, Mr Cheese and 2 others like this.
  8. TheDirtyLowDown


    Mar 8, 2014
    Good question! Here's the math for me:

    About 6 gigs gone so far : - $600
    A new Focusrite Scarlett for recording: - $150
    Fuel for getting to practice/gigs: + $20
    - $730​

    It's just a hobby for me, so the biggest loss by far is missing my bandmates and the fun of playing and gigging together.
    mike o, Phud, 2playbass and 2 others like this.
  9. 48047B0C-B8A6-4C58-988C-41C511A92670.jpeg
  10. Not a huge amount, but still it's all lost. But frankly, it's not the money I miss the most: it's the hang, the boys, the band thing. The live music, being on stage.
  11. jnuts1

    jnuts1 Inactive

    Nov 13, 2007
    collectively as a band we have lost about 30k or so in weddings/events but we just did a commercial for 2500 bucks and they said they have 3 more lined up if they like what we did so its looking up.
    leadfingers, M0ses, DWBass and 3 others like this.
  12. JRA

    JRA my words = opinion Gold Supporting Member

    i honestly have no clue --- a bunch of 'negotiations' and 'possibles' were schmiced in one fell swoop --- some of those potential purchasers went to radio silence. the regular/standing gigs didn't pay enough to worry about (and they'll be back, most likely), anyway...even though they have been the most fun. i just got off the phone with a long time purchaser who is cancelling his/their two-day event in september (huge $$$ for us) though they paid a non-refundable deposit and want us to make good on one of their quadrennial events. :D

    i doubt if i'll know the true impact of covid on my/our business until more time has passed.

    but the drummer owes me $20, so there's that. :laugh:
    Wisebass, nbsipics, uwrossl and 5 others like this.
  13. bearhart74

    bearhart74 Supporting Member

    Feb 26, 2009
    george must be a guitar player
  14. RustyAxe


    Jul 8, 2008
    None, I have what I started with. But I didn’t make any, either.
    TexasEdition likes this.
  15. DirtDog


    Jun 7, 2002
    The Deep North
    For sure!

    I've saved thousands since I retired from gigging a couple years back.
    Phud, mikewalker and TexasEdition like this.
  16. marmadaddy

    marmadaddy Supporting Member

    Oct 17, 2005
    Rochester, NY
    I've lost over $7000 gross in cancellations. Who knows how much in bookings that didn't get made.
    Haven't bought too much, a new interface and headphones for recording. There may be a new extension cabinet in my future though.
  17. Running two bands, a 5 piece and a trio, casino gigs. I’ve lost a little over $8k so far. I just got an email this morning saying all July bookings are canceled. I haven’t tallied that up yet. It would just be depressing.
    portpc and ajkula66 like this.
  18. BassGuyFL

    BassGuyFL Formerly known as RichardCranium

    Mar 9, 2009
    Boynton Bch FL
    I'm gonna guess between 7000 and 8000. We were just going into our busiest 6 weeks of the year and ot the rug pulled from under us as did everyone. Rough time to be a full-time player...
    Wisebass likes this.
  19. This started out as a light-hearted observation from my perspective of someone who has a day job....

    I don't want to diminish the hardship of the REAL giggers who are loosing actual income they depend on. If this post seemed insensitive, please accept my apologies.
    Wisebass, Schmo_bass and LostJohnny like this.
  20. LeFunk Machine

    LeFunk Machine

    Sep 12, 2014
    Hahahah:roflmao::roflmao::roflmao:... more like a charity band:smug: