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Author Topic: Have you ever considered starting a dance related business?  (Read 756 times)
phoenix13
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« on: July 07, 2013, 09:54:16 AM »

I was just thinking about a recent thread here in which the subject of practice partners came up and had a brainstorm.

Establish a business in a place like Boston or New York -- a hub for ballroom dance.   Then hire advanced students for an hourly fee, mark up 100% (or more)  and charge well-healed pro-am dancers to practice with them.  Not be taught.  Just practice.

Lots of people wouldn't pay for the service, but I bet some would.

Other ideas I've had through the years:  Create ballroom practice clothing line that uses athetiicwear fabric (with wicking, quick dry, etc properties) instead of eveningwear fabric.  (Also design some pieces that meet lower level comp regulations)

Create the perfect dance shoe/accessory bag.


On and on.  there are lots of possible ideas for a niche product.


Just curious.   Have you ever considered hanging up your nine to five and starting a dance-related business?  If so how/why?  If you thought about it and dismissed the idea, why?

(Not asking anyone to share their million dollar ideas.  Grin )  Just talking entrepreneurship, when it comes to dance.

Any thoughts?  

« Last Edit: July 07, 2013, 10:00:03 AM by phoenix13 » Logged

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elisedance
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« Reply #1 on: July 07, 2013, 07:39:53 PM »

Nope.  Well, maybe just a little.  More of a daydream than a real thought....
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phoenix13
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« Reply #2 on: July 07, 2013, 07:45:32 PM »

I have considered it and dismissed the idea.  Comparatively speaking it's a really, really small niche.  You'd have to come up with a super- premium product or else find something everybody uses and compete against the people who already own the market.  The latter is just too much work.  The former, I haven't been able to think of.  The profit margins on things like dancewear and shoe bags are too slim to make it worth my while.
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phoenix13
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« Reply #3 on: July 09, 2013, 11:58:35 AM »

Ha!  Just thought of a high margin product.  Now on to the market research ...
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elisedance
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« Reply #4 on: July 09, 2013, 02:41:56 PM »

Ha!  Just thought of a high margin product.  Now on to the market research ...

easy: tall male dance partners. 
Building the stock might be hard - I know, buy a basketball team...
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If you must leave the house, go build a home...

The limit of your love is also the limit of your art...
phoenix13
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« Reply #5 on: July 09, 2013, 02:55:17 PM »

A great idea, i have to admit, but too unpredictable and too low a profit margin.  My product doesn't have to involve any humans other than me and contractors I hire. And the profit margin, after covering development costs, is about 25X.  That's better. Smiley
« Last Edit: July 09, 2013, 02:57:20 PM by phoenix13 » Logged

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elisedance
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« Reply #6 on: July 10, 2013, 04:47:41 AM »

well go get rich girl!
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If you must leave the house, go build a home...

The limit of your love is also the limit of your art...
phoenix13
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« Reply #7 on: July 10, 2013, 04:50:22 AM »

Unlikely to happen in the dance world.  Too small a niche.  But there definitely is a need for this product, especially among beginner dancers and/or those without musical training. 
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elisedance
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« Reply #8 on: July 10, 2013, 04:51:30 AM »

which brings up another topic - I think it was on PDO...
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If you must leave the house, go build a home...

The limit of your love is also the limit of your art...
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