One of the principles we emphasize in DancerWealth is the Pareto Principle, sometimes commonly referred to as the 80/20 rule. It’s not really something you can measure, nor is it scientifically accurate, but it can be applied to the strip club in two different ways.
The first way applies to customers: 80% of your profits come from 20% of your customers. This means that regulars are the bread and butter of your earnings. An entertainer that relies on hustling the floor 100% of the time is going to be discouraged right now. Its summer, its a recession, and I could go on and on with all the gripes I hear in the locker room.
Why do I hear it in the locker room you might ask? Well because only 20% of the girls in the club are on the floor making money. The other 80% are in the locker room making excuses for their lack of success out on the floor. That is the second way to apply the Pareto Principle.
The past two nights have been pretty slow for me. In fact, I actually made less money on Thursday night than I TIPPED OUT on Sexual Harrassment Panda night! This just further demonstrates how unequal the pieces of the money pie really are in the strip club. The hardest challenge is the emotional one. Its so easy to be flying on an emotional high when you have four figure nights…especially after a few days off and you come back to work without a scheduled appointment and have to work the floor.
So what do you do…work the floor. Start from square one. Every customer has the potential to be a regular, and every established regular has the potential to fall off the face of the earth.
I love your great tips but I have one lurking question that I can’t seem to find on any stripper-centric blogs or web material…and it’s related to money of course.
What about tax forms?
Is stripping like waitressing where you get paid by the hour and then “choose” to declare your tips? Or is like independent contracting where you set your rate (your tips) and then pay taxes based on what you earn? Or is it like babysitting – under the table?
Also, do you become a “registered” stripper when you fill out a 1099 and ruin any chance at hiding a stripping background in the future.
I am so interested in taking up stripping seriously but really want to know the answers to these questions without looking like a dunce to a manager.
Thanks!!!
Hi Maybe
All I know that here in Australia you require an ABN (Australian Business Number) and thus you will have to declare what you earn to the ATO (Australian Tax Office). It is a cash driven business thus the ATO is rely-ing upon your “honesty” in a way.
All I know is that I earn my money, claim all the legitimate deductions I can on my taxes and THEN pay tax. Thus it is in every stripper’s best interests to declare. There are plenty of ways to minimise your taxes legally. You just got to know HOW.
If you go into the Forums here at SnGR you might find some assistance there ?