A short YouTube monologue by Marissa Brennan explaining how a freelance bridal hairstylist can reach a six-figure take-home by accounting for taxes/expenses and adjusting pricing or volume. The speaker gives a worked example: to take home $100,000, gross must be ~$150,000, implying roughly $3,000 per wedding if working 50 weddings; she also describes an alternative strategy of doubling bookings to gain confidence and justify higher prices.
Here's how you're working 50 weddings and you're earning six figures a year. Let's say your goal is to work 50 weddings, one wedding a weekend, and you want to earn six figures. The number that most people don't account for is your taxes and expenses. So your gross income would need to be $150,000. If you want to take home $100,000, that means you're going to need to be charging around $3,000 per wedding booking. Not 300, not 900, not 150 for a bride and $85 for a bridesmaid. Scary. Yeah, it scared me too. But the math doesn't lie. And being completely honest here, I didn't have that confidence either. So instead what I did was I doubled the wedding bookings that I was doing. I built that confidence. I got my reps in and then charging more became a no brainer because my demand was there. If you don't want to double your wedding bookings right now, your pricing needs to make up for it so you can hit your six figure year.