So you want to start a tarot reading business from scratch, huh? Well, before you do, here are some numbers you might want to confront and, after confronting them, understand why goodwill is critical to success in this profession.
Also, why should you have numbers in your head? Because once you have a solid idea of the number of tarot readings you need to do to make a certain amount, your break-even point, etc., then the more defined your goals are. When you have clearly defined goals, you are a lot more likely to succeed.
Now, granted, you’ll have to start by assuming U.S. jurisdiction only. I’ve found that Americans are a lot more conservative and even more resistant to the idea of tarot than, say, their neighboring Canadians, the Brits, Europeans, or Australians. So there’s that. However, Americans (generally here) seem to be willing to shell out more money for a tarot reading than some Asian countries. What you can realistically charge for a tarot reading in China, India, Indonesia, or the Philippines is going to be less than what you can charge in the US, and what you can charge in the US is less than the going rates in the UK. At least those were my informal findings.
Surveying 113 people (across the United States only), the average lay person will risk $10.00 for a 15 minute reading from a tarot professional who the lay person is not familiar with. However—and there is very large and bold “but” here—if you, the tarot professional, have loads of positive testimonials, good reviews, are referred by word of mouth from a friend, or have established your professional credibility, then the dollar amount risked goes up exponentially, and that is a very important point that I will get to later.
What that means for the beginner tarot professional who is hanging out that shingle for the very first time is this: if you are a complete unknown with no established credibility, then according to my findings, you can start at charging $10.00 for a 15 minute reading and make money. If you charge more than that, the chances of securing clients goes down. However, as you build credibility and develop your reputation, then your rates can go up respectively.
If you’re asking me, the following would be my thoughts (and really, I’m not the one to ask for oh so many reasons, ranging from I stink at math, have zero background in accounting or finance to I’ve never actually launched a professional tarot business before; however, for whatever little it’s worth, I am a business lawyer and have counseled numerous startup businesses with their launches).
[Warning: This is a very long post. Unless you are, like, super crazy serious about going pro and have been thinking about the numbers for going pro, I don’t really expect you read the whole thing.]
Continue reading “Fees, Math, the Startup Tarot Professional, and Why You Need Goodwill”