The Economics of Everyday Things 20. Tattoo Parlors
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Oct 9, 2023 The podcast explores the increasing popularity of tattoos in the US and how social media has influenced the tattoo industry. It discusses the challenges faced by tattoo parlor owners in recruiting and retaining artists, unusual tattoo requests, and the evolving trends in tattoo designs. The speaker also shares their passion for coding and mentions their unique Martha Stewart tattoo.
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Training And Licensing Vary Widely
- Formal tattoo schools now exist but can cost over $10,000, changing entry paths into the trade.
- Licensing requirements vary widely by county, creating uneven barriers to entry.
Know The Common Pay Models
- Expect to work as an independent contractor in a shop and negotiate compensation terms carefully.
- Understand typical commission splits (30–50%) or negotiate flat rent if you want to keep full revenue.
Instagram Shifted Power To Artists
- Social media lets artists build independent followings, undermining traditional shop value.
- Some owners switch to flat monthly rents as artists rely on Instagram for clients.