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Clarity comments on Open Thread, January 4-10, 2016 - Less Wrong Discussion
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How profitable are student club party and ballroom events? I am suprised external companies haven't sprung up to handle the organising of those events on students club's behalves for tidy profits in exchange for access to an attendee base and marketing channels. In return, the student club members get value and their leadership gets extra funds.
Your average disco is such a company. They make parties that people can enter by paying money.
not profitable. companies try, venues for example - regularly email clubs and try to get business from them.
source: personal experience.
I concur, having advised many student organisations over the years in the US and UK. Often such events are supported by organisation funds raised in other ways, rather than as generating income. And many universities have a body of some kind that serves to advise and support student organisations (including administrative and events advice).
Finally, in many cases, students actually want to gain experience organising events, sometimes for personal development and other times just for CV fodder. Farming events out to an external company eliminates this possibility.
I had a friend who organized these kinds of events. She made okay money for the amount of time invested in the organization of the event itself, but events were sporadic, and once you considered the time investiture in getting the event, a retail job paid rather better. If you can achieve the kind of success where people seek you out, it would pay pretty well, but that requires considerable social capital and skill, and there are other opportunities where similar social capital and skill would pay better.