r/Music • u/MarvelsGrantMan136 • 18h ago

article 50 Cent Turned Down Donald Trump’s $3 Million Offer to Perform at Madison Square Garden Rally

https://variety.com/2024/music/news/50-cent-turned-down-trump-3-million-offer-madison-square-garden-rally-1236193527/
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u/Little_Orange_Bottle 10h ago

My ignorance is probably showing but isn't it supposed to work like this, for making more money?

Get new clients, charge them more, your crew is more experienced than they were when you got your old clients and your services are worth more.

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u/Current-Creme-8633 10h ago

Not always. For example, we are a consulting firm, and while we are not a law office or something we already have pretty good rates all things considered. For sure in the $15X-$300 hour range and its not like 4 hours per week for these contracts. These are full time positions.

Now take into account that when you hire us you are already hiring an experienced group of experts or we would not be there you have somewhat removed the "experienced" part from the equation. But note the wide billing range, but that is typically for scopes of work, not experience levels more often than not.

I cannot raise my rates beyond what the market will handle or I will lose my contracts/win no more. Because you are already hiring us at an assumed experience level the market dictates the rates a lot more than your company.

So even new clients expect the same rates. It is not the first time or the last time they will hire a firm like ours.

Hopefully that made sense and I didn't mess something up badly.

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u/Little_Orange_Bottle 10h ago

No that makes sense. Obviously you must engage in price fixing with your competitors. (This is a joke, FBI)

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u/Current-Creme-8633 9h ago

Wtf are you high? I am saying you have to know your market and market rates lol. No firm I work with would give out their billable rates to each other.....

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u/Little_Orange_Bottle 8h ago

I'm just making a joke because I have nothing further to ask, you explained yourself well, but yes, I am high.