Your pricing can help determine your marketing strategy where undercutting the prices allows you attain sales from low budget customers or alternatively you can opt for the luxurious and high-quality market.
Regardless of your experience in event planning, it’s not too late to start preparing yourself to start your new business!
determine how much staffing that is required per event as well as create a recruitment process to hire reliable and effective work personnel.6.
Acquire funding There are various start-up costs that you will be required to pay for, even before commencing your business.
Boost your marketing Marketing your business will allow you to formulate and grow your customer clientele.
When directing your event planning services to community members, seek out for any online community forums and social media pages as a platform to advertise your business.
Some event planners base the fee on an hourly rate or according to the expenses that are calculated after the event.
You should also determine your pricing to charge lower, equal or above other competitors within the market.
Will you set specific rates depending on the type of function or number of people that must be catered?
Perhaps the rate is different per customer and conducted during the consultation?