I am interested in event planning but mostly wedding planning?
I am interested in event planning but mostly wedding planning?
I have taken an online course from penn foster on wedding planning and also graduated with my associates degree in hospitality management, I want to start my own wedding planning business near Louisville KY does anybody have some advice for me on how to do so? I have many books on business also, does anyone know any great books? Is anyone an experienced planning? Thanks so much!
Best answer:
Answer by Stephanie
Before you jump into wedding planning, do some market research first.
1. How many weddings are there in your area? How much does the average couple spend? How many wedding planners? You can find answers to these questions at www.TheWeddingReport.com.
2. Once you have an idea about how big the market it and how much competition you have, search the internet for words like, “Louisville wedding planner.” See what comes up and who your competition is.
3. If you find a local wedding planner whose website you like, contact them and see if they need an assistant. This is a great way to learn the ropes in the “real world” and start making some contacts with other wedding professionals in your area.
4. You might also take a position in banquet sales or management at a facility that does a lot of weddings. This is a great way to get experience without the risk involved in starting your own business.
Honestly, the wedding industry is hurting right now. Wedding planners are suffering the most; when couples trim their budgets, the planner is often the first to go.
Most wedding planners don’t typically make very much to begin with unless they work the very, very high end market. The ones I work with are making $ 2,000 - $ 3,000 for full coordination (which is hard to sell right now) and that is for months of work. It’s peanuts for the amount of time they put in.
I don’t know your financial situation, but if you start your own business be prepared to make very little money for at least the first year. If you hit it hard, you might begin making money in the second year. It would make more sense to get a job in a related field (with another planner or in the banquet area) and then start doing event planning on the side.
Do your research first, figure out how much you need to make and what you can reasonably charge in your market before you start the business. Try to examine the facts before you let your passion for starting your own business take over.
Good luck!
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