Hey y'all!
I was directed here by a few folks on Twitter. I just wanted to pop in and say that I agree with most of you, my workshop is on the expensive side. I'm the first to admit that.
The costs of doing this kind of thing requires it though. I ran this workshop for 3 years with barely turning a profit. The expenses to do this kind of thing is insane and that's with keeping expenses as low as I can keep them. I don't fly business class. I don't stay in swanky hotels, I try to avoid renting a car, etc.
If I sell all 30 seats in the UK that would be a gross revenue of $24,000. Not too shabby huh? Then come expenses...
Income tax - $3,000
Flights - $2,987
Hotels - $1,550
Studio rental - $1,200
Food for students - $1,000 (all meals provided)
Food for me & crew for the 9 days I'm there - $1,000
Mixers - $600
Crew - $1,000
Studio crew in Atlanta - $5,500 (big job in house I have to subcontract out while I'm gone)
Print materials - $900
Shipping/baggage - $500
Misc - $500
My hard cost expenses for the 9 days I'm in the UK - $19,737
Profit = $4,263
That's if all the seats sell. Most likely they will not. Let's say I sell out in London and only sell 10 seats in Newcastle - That's $20k. My expenses drop a bit but not a lot. Still have the same costs for flights, lodging, crew, rentals, etc.
That may mean a profit of $763 for 9 days in the UK give or take $500.
Keep in mind I have 4 kids to feed at home. That's a big grocery bill.
It's a risk I take because I really want to come to England and folks have requested a OneLight there for a long time. Honestly, I hope to just break even on this trip.
I could have more students at a lower cost but 15 is my max. Any more than that and the quality of the workshop suffers. I don't leave a workshop until everyone gets what they came for. My workshops generally run 16 hours+. The feedback I receive from past attendees is that I should be charging $1,000 to $1,200 for a seat.
We ran the numbers at $500 a seat and found I would lose money.
So... I know the price is steep but I want to make sure it is the best workshop experience it can be. I want to make sure that folks never ever ever ever feel like they got ripped off. Not a single complaint has ever been made and I work hard for that reputation. Also note that I do not accept sponsors for these because I want to maintain as much integrity as possible in an industry filled with crappy sponsored workshops.
And for Hobby's comment? He's busted my chops with that statement many times.
Please come out to a mixer. They are free and I'll buy you a pint! I can't wait to drink English beer on English soil!
Cheers,
Zack