Learn To Duck - Latest Comments in The Economics of Stripping

Re: The Economics of Stripping

Lizka — Sat, 16 Mar 2013 16:04:30 -0000

What do you teach them in terms of how long to spend on a customer, and what to say?

Re: The Economics of Stripping

yeshplease — Tue, 12 Feb 2013 02:28:31 -0000

stfu, u suk, u know nothig

Re: The Economics of Stripping

Carmen — Wed, 16 Jan 2013 13:39:35 -0000

There is a 3/10 rule that I always go by. If you don't buy me a drink within 10 minutes then I will move on. If you do, then I will spend 10 minutes with you trying to drum up a lap dance or private room. If that doesn't work, I move on. Gotta cut you losses somewhere and that applies in the business world. On top of dancing, I also own my own cafe.

Re: The Economics of Stripping

steveplace — Tue, 18 Jan 2011 10:52:04 -0000

haha this was random to see this post back in my inbox...

i don't like strip clubs. they aren't erotic to me, but my wife likes them
as they are fun. my wife doesn't need to be impressed by me throwing money
at naked girls

Re: The Economics of Stripping

Dr. Harl Delos — Tue, 18 Jan 2011 03:47:07 -0000

If you come in with a woman, it's probably not your wife. Watching strippers, you're going to get horny, and that means you'll need to impress your girlfriend by spending a lot of money. If you can identify customers in the presence of someone they need to impress, you can do them a favor by letting them spend the money a bigshot spends.

Re: The Economics of Stripping

mattshamus — Mon, 17 Jan 2011 20:14:21 -0000

Interestingly enough, you're right on with these points. It's a very practical way to think about your business, and those are usually the most enlightening. Just goes to show that life experiences outside of normal "work" give you invaluable perspective.

Re: The Economics of Stripping

Rebecca Avalon — Fri, 11 Dec 2009 17:25:59 -0000

I just came across this article. It is a perfect example of why I teach new entertainers that the "Wanna Dance?" approach is not the way to become a SuperStripper!

Re: The Economics of Stripping

Leonid S. Knyshov — Wed, 25 Feb 2009 08:56:54 -0000

If you want to learn how to sell from the masters, go to a strip club.

Be sure to leave your charge cards far outside the walking range and to carry no more than $50 in cash with you. $30 is just not enough for fun as the cover fee will eat most of it. $50 can last quite some time for stage tipping.

The dancers' sales and customer targeting skills are second to none. I worked in a car dealership, where I could literally make you give me your trade-in car for free, but they are above that level. Every objection you will raise is something they have heard before countless times and to which they have well-rehearsed responses. I tipped a few dancers for particularly good seduction techniques.

In a semi-dead club, the conversations can be interesting. And there are endless stories...

Unfortunately, rarely do I see dancers that actually perform an elaborate dance. I tip for acrobatics. The better trained dancers also tend to have more interesting stories. The ATM machine comes with a $10 fee, for example. Then there is the fuzzy math and "inaccurate" accounting and the separate of "this is my fee, and this I need to pay to the house, so I need to ask you for more".

Some do go too far and engage in bait and switch. Same as any other business they net less revenue ultimately. Of course, there are also review sites for each dancer. :)

I find the overall atmosphere fascinating just watching others get completely drained.

Re: The Economics of Stripping

Rob Gokee — Thu, 19 Feb 2009 18:55:23 -0000

For a blog post with a scandalous use of an example business, this was an incredible lesson in marketing and focusing in on your target. I've experience most of these examples at a strip club (except for the phone number thing, of which I bow down to you), and never broke down the principles in terms of business the way you have. I'll be applying these to my own business, thanks for the insight.

Re: The Economics of Stripping

Kansas — Wed, 18 Feb 2009 09:15:47 -0000

Well I am quite agree with you and you have compare these two business perfectly. But don't you think that in strip club, girls able to see and read body language and face expression as well. This is not at all possible in internet business.

Your review about my question.

Re: The Economics of Stripping

Rick — Sun, 15 Feb 2009 11:02:54 -0000

For me field research is just going to any strip club :) There are some guides and books out there about how to make money stripping, thedancersguide.com by Kasey Coles is one of the most famous. Yet, he's a man. I

Re: The Economics of Stripping

Micah Baldwin — Wed, 11 Feb 2009 18:13:03 -0000

Ive never been asked to do field research before. I imagine that the strippers themselves dont really care about the economics outside of the basic supply/demand construct.

Re: The Economics of Stripping

Rick — Tue, 10 Feb 2009 23:06:12 -0000

Nice, you should probably write for us to do field research. Funny how i've met 2 persons that explain the economics of strippers, yet they are not strippers.

Re: The Economics of Stripping

georgegsmithjr — Tue, 10 Feb 2009 15:49:15 -0000

That was spot on.

Re: The Economics of Stripping

Gayle — Tue, 10 Feb 2009 15:23:32 -0000

The skills of a stripper go far beyond simply pitching. They have segmented the market and have tailored their pitch/message to each of the different segments. For example, you better believe that a girl is going to communicate differently with the single guy in a business suit (probably a business traveler) sporting a wedding ring vs. the young frat boys vs. the guys who come in a group for a bachelor party (and so on). These girls are saavy, and can probably teach a thing or two to professional marketers.

Re: The Economics of Stripping

Micah Baldwin — Tue, 10 Feb 2009 15:19:19 -0000

In the content business, there will always be customers that consume
your content without payment. Just the nature of the beast. but, if you
are in the content business with an intent to turn a profit, you will
begin to generate content that does this best. In essence, readers are
self-selecting the content by engaging in the ads. The dead beats will
probably (at least some segment will) stop getting content that is
interesting to them and find other places to consume that content.

In a one to one relationship, its much easier to see and react to the
best customers (or the worst), in a one to many anonymous situation
(blog on the internet) it becomes much harder, and one must shoot for
the mass effect rather than the singular.

Re: The Economics of Stripping

Will — Tue, 10 Feb 2009 14:10:27 -0000

Dude, this was sheer brilliance. Only you could cleverly craft what would otherwise be a dirty, slimy recount of your trips to the strip clubs into a business lesson. By all means, bring on the economics of Drug Dealing!

Re: The Economics of Stripping

Anne Arundel — Tue, 10 Feb 2009 14:08:49 -0000

But tell me how you are going to difference or recognise this one in internet world - "4) Customers that are cheap or refuse the company of a dancer, will soon find themselves completely shut out."

I have a blog which show latest gadgets and I put adsense in that. In such case how I will be able to recognise the right customer.

Re: The Economics of Stripping

Mediamum — Tue, 10 Feb 2009 13:03:23 -0000

Completely awesome and spot on. Does the 80/20 rule also work in strip clubs? I hope you get an Ignite Boulder presentation together for this!

Re: The Economics of Stripping

Micah Baldwin — Tue, 10 Feb 2009 12:09:03 -0000

The economics of the club are interesting as well. They are very similar to barber shops, salons, tattoo shops, etc. Although many clubs have different economic models. You have outlined the most basic. The part that I disagree with is that clubs are somewhat selective (depending on the "image" the club is trying to present), primarily because the better the dancer the more booze, etc a patron buys. All of that money goes straight to the club...

Re: The Economics of Stripping

Tim — Tue, 10 Feb 2009 11:05:35 -0000

And in case you are not aware, the economics of the clubs are very interesting (and attractive to business owners).

The girls PAY to dance. As soon as they walk in the door, the club charges a flat fee to each girl.

This causes a few things. #1, it's a control to make sure the club gets money. #2, it causes a club to NEVER reject a girl. #3, it becomes a natural selection of girls. Meaning, if the girl isn't good looking enough for the club and isn't making enough money to cover her upfront closes to work at the club, she will naturally go work at a lower rate club.

Re: The Economics of Stripping

steveplace — Tue, 10 Feb 2009 09:28:54 -0000

And for some reason, when you go in with your wife, they're all over you.

Re: The Economics of Stripping

A.J. Wood — Tue, 10 Feb 2009 00:06:20 -0000

That was a great read. Like the way you closed it out and made your point. Well done.

Re: The Economics of Stripping

Micah Baldwin — Mon, 09 Feb 2009 23:45:13 -0000

LOL. Should I continue with Economics of Drug Dealing?

Re: The Economics of Stripping

Jared Goralnick — Mon, 09 Feb 2009 23:13:07 -0000

I'm just waiting for a Micah-approved MBA course. I wonder what'd be in the next session...