Supply and Demand are concepts from the financial world that
have just as much impact in the world of sideshow and entertainment. By understanding how Supply and Demand work
within the industry I feel that we can hone ourselves to take advantage of
these principals or at least understand what it is that we are actually dealing
with. Entertainment itself is not “one”
supply and “one” demand, but instead it
is many demands and many supplies that relate to each other in the same that we
as performers relate to each other. As I
am influenced by another performer from whom I learn I find that my finances are
interwoven with theirs.
Supply and Demand is a theory of finance about how the supply of a product is related to the demand for a product. The theory basically holds the cost of a product will decrease as either the supply for it goes or the demand for it goes down. On the other hand said product’s price will increase when the demand increases or the supply goes down. In this instance we performers are a product, we’re selling ourselves as entertainment.
Supply and Demand is a theory of finance about how the supply of a product is related to the demand for a product. The theory basically holds the cost of a product will decrease as either the supply for it goes or the demand for it goes down. On the other hand said product’s price will increase when the demand increases or the supply goes down. In this instance we performers are a product, we’re selling ourselves as entertainment.
So the supply for performers and entertainment should also
be related to the demand for that entertainment. In the thread that influenced me to write
this there were a number of stories from performers who found that as they
taught or were “underbid” by performers they found that the money they could
make tended to decrease as well from those venues. So the notion is that as the “general” supply
of performers increases the amount of money we tend to make will decrease.I have heard this from performers over the last few years
about the sheer amount of new “entertainers” attempting to make their
name. I have also heard about problems
concerning the notion of getting paid.
It seems that this is the case that these two factors are related to
each other. Unsurprisingly there is a
demand for teachers for these sorts of circus arts and skills which has caused
more people with these skill sets to emerge and add to the supply.
But, I don’t think we are without hope. I think that by understanding supply and
demand we can at least make things better or understand what we are playing
against. What we are often asked is
what our specialties are, what makes us different from other performers. Often enough the fact that I am a 5 club
juggler puts me over a 3 club juggler (what juggling entertainers refer to as “hack
shows”) in terms of what I am capable of doing.
I am a different “juggler” and there for the supply and demand is going
change, there is a different supply of “advanced” jugglers then there is of “beginner”
jugglers. So by me having a specialty
that I can “sell” I suddenly become a much more “marketable” entertainer. So we can change “who we are”. For the first two years of being an “entertainer”
I found that there were so many fire performers that as a male it was
impossible to actually get paid as a male fire performer. For every one fire performer requesting money
there was at least 3-5 who would do it for free.
Now I can also change my venue, instead of performing at parties, clubs, and raves I can perform at kid shows, talents shows, ren faires, and the like. Each of these are a different demand and they each have a different supply. All of a sudden by being a fire performer who does not mind working with children or talking with others I completely change and now there is much less in the way of supply of performer who do acts like I do.
You can also change the demand. Jim rose
is famous for doing this with Marilyn Manson(you can look up his methodology
and study it). There are a number of
sideshow entertainers such as Brian Brushwood and flow artists such as Ben
Drexler who have made their name and living by being prominent on YouTube and
providing to the community which has a completely different supply and
demand. However being successful on YouTube
has catapulted them both to the point where there is a demand for them in the
actual world. So with that being said,
you can create demand. In the case of
copycats you can also take advantage of the demand for specific performers or
specific style of performers.
But it also seems that these are all related to each
other. While shows such as AGT and the
X-Factor have increased the visibility of side show entertainment, it has also made it so that the television
and YouTube have become part of the supply as well. As the other aspects of the entertainment
industry such as DJ’s have their problems those problems also become part of
our problems. Just some food for
thought.
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