Everyone wants to be Jerry Maquire, Ari Gold or E right? They want to
be a mover-and shaker, a power broker, and needed by powerful
entertainers. They need to ask themselves why? Please do not even
consider managing someone's career until you can create a list of valid
reasons for doing so. "I really like sports, music, or I go to the
movies all the time" are not valid answers. "I want to make a lot of
money, my cousin is a pretty good football player, and I am friends with
the singer in a popular local band"are no reasons to quit your day job.
Please
be certain that you are fully committed, knowledgeable, and prepared to
work very hard before trying to run someone's career. If you are not you
can have a devastating impact on their life and profession.
Some valid reasons are that
1) You are an excellent negotiator.
2) You are creative.
3) You are focused and hard-working.
4) You continually educate yourself on the business of the entertainment industry.
5) You believe in who you are considering managing.
6) I have strong business skills but more importantly I understand the dynamics of the entertainment industry.
7) I believe it is not what I can get out of my clients but how our relationship can be mutually beneficial.
8) I am honest, loyal, and dependable.
9) I will always provide my honest opinion to my client even if it is not one they want to hear.
10) I understand entertainment or sports law or I have experts in the field willing to represent our team.
11) I can handle stress and disappointment and have a support network.
If you feel confident that the profession is one you are truly
passionate about and will pursue relentlessly here are some helpful
tips that if followed will lead to your success.
1)
Select your clients wisely. Don't sign everyone that wants to sign with
you. You will find that even some clients that go on to have success are
not worth the extra time, drama, and stress they create. Most won't be
high-earners for you or ever generate a return worthy of the investment
you had to place in them. Selecting clients you believe in, want to work
hard for, control their stress and emotions, and have an acceptable
amount of drama will enable you to be more successful and enjoy your
work. There are agents out there with 50-100 clients but only a handful
are consistent earners, even fewer high and consistent earners. The
remainder are ones you are hoping will start earning but are mostly
time, resources, and energy drains.
2) Make sure you
have an excellent contract. Paying an entertainment attorney to create a
specific deal for you business is wise and will save you money and time
over the years. It will prevent you losing out on money that you have
earned because a client has double-crossed you. You'll be able to use a
standard agreement for most clients and an edited version of your main
agreement for the rest.
3) If you are not an expert in
the type of deals you are signing on behalf of your client make sure an
attorney who is and has no conflicts (relationships with the other
party) has provided feedback and approved any deal you are considering.
4)
Have a media kit, booking information, rider, technical rider,
stage-plot ready to go. It needs to be reviewed and updated (if
necessary) every six months at least.
5) If you are
introverted and don't like to network find another profession. You must
be networking where ever you are. I don't mean being a phony person and
trying to hand out business cards to everyone you cross paths with.
Simply start a conversation and see if there is enough of a connection
to exchange information, if there is potential to work with someone
down-the-road. I have done business or received help from people that I
sometimes met 8 years before. When we met there was no potential deals
but life and work changes and people can become vital to your success.
Have the long-term vision to realize this. Several times I made a
contact and it wasn't anything they did for me except make the
introduction that I needed later. It is so much easier to gain access
and cooperation from someone who knows of you from a mutual
connection(s). Most of my opportunities and clients have come this way.
However, you have to operate professionally and have a good professional
and personal reputation.
6) Never allow your clients
emotions or crisis to become your crisis. When dealing with artist and
athletes they often worry a lot. Multiple phone calls per day can be
normal but they are time drains. Allowing this is a great way for
everyone to be less successful. It is a clients right to be updated and
having strong mutual communication will lead to success and a positive
feeling of cooperation. Provide them updates at least once a week. It is
important to maintain the relationship. You won't always have something
to update them on. When you do not give them your short and long-term
goals for them, so they know you have a plan for them and are working on
their behalf. It is important they have an opportunity to review it,
agree, and provide feedback on it. When a client calls you stressing
out, telling you they have to do this, are worried about that, or
whatever, listen to them. It is best to be a calm and confident voice in
the storm they created in their own mind. My experience tells me that
is mostly what they are looking for to be reassured they are on the
right path and their needs will be met. An artist or athlete can change
their goals daily. You need to keep them focused and believing in the
vision you created together.
7) Unless disaster has
struck and you are in emergency mode there is never a good reason to
deviate from your long-term plan. Doing so will lead only to failure,
aggravation, and mistrust. You'll be pushed hard to do so. Say you are
working the phones for your clients on day, your assistant notifies you
they are on the phone and have been emailing you and what to know why
you haven't responded to them in the past 30 minutes. You stop working
on their behalf to speak with them. They inform you that someone has
contacted them and offered them shows, or wants to collaborate, or
something else. They are a ball of nervous energy. Make it happen! What
should I do? I know we all agreed but change all the work you have been
doing so we can accommodate this (even if we will lost money, you can
rebook it, and make sure you don't lose any money). Be calm, be
confident, refocus them on the big picture. Once you have researched
this opportunity(and verified it is legitimate) and see when and if it
makes sense to work it into the schedule.
8) Build a
personal relationship with your client. Learn about them, their daily
life, and who surrounds them. You don't have to have a Vince and E
relationship but it is vital that you actually do have an interest and
concern for your client. You'll be better able to help them and it will
help you retain them as a client longer.
9) Be sincere
in all of your dealings. Make as much as you can but never take
advantage of anyone. This isn't a garage sale it is a profession. If you
burn someone everyone else will know about it and it can limit your
opportunities in the future.
10) The best advertisement
you can have for your services is to do high-quality work, be honest,
and be loyal. If you are your clients will sell your services better
then you can. An endorsement from one artist/athlete to another goes
further then your sales pitch.
11) Have fun and enjoy
yourself! We often want to work around those we admire and activities we
love but if not handled the right way you'll lose your love and passion
for those things and it isn't worth it.
No comments:
Post a Comment