So you want to kick your career into high gear by using a little small-market arbitrage? Here we are back for part two.
In our first installment, we discussed identifying small markets with big production and where there was the least competition.
This week, we will look at cost of living (COL) considerations, contacting the right people, notifying them of your move, and how to start auditioning/working.
3. COL (cost of living). You should base where you move on a number of things, but the reality is that you want to move somewhere you can afford. Find out and compare the cost of living of cities in which you are interested versus where you live now. Don’t forget to estimate how much money you can make in the new town and how long it will take to get work. How long can you hang with zero income?
Finding COL is easy. Search engines are your friend. Look for sites that provide an average or baseline COL for the United States. Compare the COL of where you live now to where you are considering moving. For instance, the COL for West Hollywood is 186. The COL for New Orleans is 99. That means for every $1.86 you spend in West Hollywood, you would only have to spend $0.99 in New Orleans! OK, done deal.
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