There are a number of ways that you can charge participants for use of your venue, unless of course you’d like to offer the space for free. The cost of hiring out your venue will depend on the size of your space, the facilities available, and the number of hours or nights the hirer requires.
Different venues will work differently, so find out what works best for you and your space. The three most common ways to arrange payment are:
• A straight hire – does what it says on the tin, you charge one fee for hiring the space.
• A bundle cost – this is also one set fee, but it will take into account multiple costs; for example the venue hire, registration with Brighton Fringe, marketing and a percentage of the tickets sold. The participant pays this set fee, and takes home the rest.
• A door split – this is where you split the income from ticket sales with the participant, either as part of the venue hire cost or instead of it; e.g. 65% to the participant, 35% to you. It is up to you to decide what this split will be.
Make sure you have clear terms & conditions written out ready to give to participants, including a written contract of your venue hire arrangements and any other terms you have agreed on, to be signed by both parties. If you need any help with this or would like someone to read over a draft of your contract, contact the Participant Services team.
Remember that the bank details listed in an event’s registration on Eventotron will be where the final settlement from Brighton Fringe ticket sales is be paid into.