Become A Virtual Magician - Business Ideas
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
Magic is timeless! If you love entertaining people and performing at corporate or social events, you can become a virtual magician.
Virtual magicians spice up events and provide fun diversion in an otherwise busy environment. As a virtual magician, your business is to entertain guests at family and corporate events.
To become a virtual magician, you will need a computer, a stable internet connection, and great creativity, so you always leave your audience amused.
Becoming a virtual magician requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell virtual magic show, or selling virtual magic show online, you can use this page as a guide for everything you'll need to know.
Key Stats
Startup Costs
| Min Startup Costs | Max Startup Costs | |
|---|---|---|
|
Office Space Expenses |
$0 |
$7,000 |
|
Employee & Freelancer Expenses |
$151 |
$352 |
|
Website Costs |
$223 |
$7,215 |
|
Business Formation Fees |
$5,600 |
$20,400 |
|
Equipment & Supply Expenses |
$66 |
$1,200 |
|
Retail Business Expenses |
$1,250 |
$11,650 |
|
Software Expenses |
$162 |
$3,094 |
|
Advertising & Marketing Costs |
$75 |
$5,786 |
|
Specific Industry Expenses |
$0 |
$100 |
|
Total Startup Costs |
$7,527 |
$56,797 |
Case Studies
•
$12K/mo
•
$1K/mo
•
$20K/mo
Successful Businesses
| Business | URL | Rank | |
|---|---|---|---|
|
|
vFairs |
vfairs.com |
15,284 |
|
|
Event Management Company |
ges.com |
334,212 |
|
|
Magical Castle |
magiccastle.com |
797,433 |
|
|
BaKoRe Magic |
bakoremagic.com |
820,118 |
|
|
Bay Area kids party entertainment, Virtual kids puppet & magic show |
happybrightkids.com |
936,335 |
|
|
PregoExpo |
thepregoexpo.com |
967,779 |
|
|
Microsoft Theater |
microsofttheater.com |
978,030 |
|
|
Display Week 2020 |
displayweek.org |
1,035,157 |
|
|
Magic for Extraordinary Events |
finchmagician.com |
1,364,662 |
|
|
Fun Corporate Magic |
funcorporatemagic.com |
1,424,939 |
|
|
Ah Real Magic LLC |
ahrealmagic.com |
1,553,039 |
Pros & Cons
| Pros | Description |
|---|---|
|
Flexibility |
You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own. |
|
Ability to start your business from home |
It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning! |
|
Meaningful business connections |
You never know who you will meet as a virtual magician. This could be the start of an incredible business opportunity! |
|
High customer retention rates |
Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer. |
|
Gain exposure and experience |
This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you! |
|
Unlimited income potential |
With becoming a virtual magician there is no cap as to how much income you can make. The stronger your business skills and the more energy/time you put into your career, the more you'll make. |
| Cons | Description |
|---|---|
|
Motivation of employees |
If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees. |
|
Longer Sales Process |
A virtual magician can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers. |
|
Low margins |
The gross margins for your virtual magician are typically around 40%, which can make it more challenging to incur new expenses and maintain profitability. |
|
Difficult to build trust with your customer |
With becoming a virtual magician, there can be minimal face-to-face interaction, which means it can be a lot more difficult to establish trust with your customers. You'll need to go the extra mile with your customer to grab their attention and business. |
|
Impatient customers |
You may offer an engaging user experience for your customer, but customers expect a lot and may be impatient if they aren't pleased with your product or service. |
|
Difficult to scale |
With a virtual magician, it can be challenging to find ways to scale. Check out this article that discusses scaling your business and the challenges that come with it. |
Marketing Ideas
-
1
Direct Sales
Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.
For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.
-
2
Word of mouth
Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.
Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.
According to Nielsen, 92% of people trust recommendations from friends and family.
Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.
-
3
Social Media Advertising
Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.
According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.
Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
