Average Commission. Event planners can earn anywhere from 10 to 40 percent commission on a project, though typical commission is in the 15 to 20 percent range, according to EventPlanning. How do you price an event? It's simple: you price above your costs. Case closed. How do I get started in event planning?
Step 1 Complete a bachelor's degree. Generally, professionals are required to earn a bachelor's degree in meeting and event management. Step 2 Get hands-on experience. Step 3 Learn industry technology. Step 4 Choose a specialization. Step 5 Create a portfolio. How do I start an event decorating business? How to Start an Event Decorating Business. Pick a Niche. Choose a niche, such as wedding, convention or conference decorator, birthday party themes, or decorating for family events. Create a Website.
Develop a website. Start Your Portfolio. Get a portfolio together for potential clients. Plan a Meeting Place. Look for Additional Income Opportunities. See all. Events and more. Other Info. Cancel Search. How much will your event planning cost? Get a free estimate. Thumbtack Cost Estimates Event Planning. What's in this cost guide? Professional party planner benefits Cost factors Hourly rate Percentages and location Flat fees and commission Complexity of party Example party costs Tips for hiring a planner.
What are the benefits of hiring someone to plan my party? However, hiring an event planner is more affordable than you might think and they can help coordinate any type of party, such as: Children's birthday parties Teen parties Bar and bat mitzvahs Corporate events Company holiday parties Fundraisers Bachelor and bachelorette parties Weddings High-school and college graduation parties Memorials Holiday events No matter what your event is, enlisting a professional for your event planning has many benefits: Help with event planning details An event planner will help figure out location, seating, food and drinks, and entertainment to make your event unique and a smooth and seamless production, no matter how large or small.
It saves you time and stress Event planning can feel like a full-time job. Find a great party planner in your area. Search pros. Get as little, or as much, planning help as you need You don't have to hire a party planner to oversee every detail, especially if that's not within your budget.
What impacts the cost of hiring a party planner? Compare prices from party planners near you. Get estimates. Flat fees and commissions Some party planners charge flat fees or commission. Complexity of party The more elaborate the affair, the higher the cost for party planning services. There are a few ways a party can increase in complexity: Number of guests : More guests means more planning.
Vendor management : More guests can make vendor management price negotiation, contracts, scheduling, deliverables, overseeing them day-of more complex. And, of course, more vendors means more complexity as well. Venue : If you don't already have a venue and need to find one, this increases the scope. Rentals : Anything you need to rent, like tents, chairs, or even bounce house , adds to the planning. Communication : If you have more moving parts, your planner will need to communicate with you more often about details, additions, and change requests.
Decorations : Setting decorations can be time-consuming, especially if you have a detailed plan in mind. Find the right party planner for your project. Tips for hiring a party planner Before you hire a professional to handle all of your next event planning needs, be sure to: Read reviews to learn about past client experiences.
First and foremost, you may need to work long hours, especially come crunch time. Because you need to be at the event, you may find yourself working nights, weekends, and even holidays. The work can also be stressful at times. Lastly, there may be a lot of travel involved with working in the industry. This could be a perk to some people and a detraction for others.
But you will have a bit of say over this because you control where you want to work. However, doing so could shrink your client pool.
Ready to learn how to become a party planner? The following steps serve as an excellent starting point. For instance, you may be more successful as a wedding planner if you focus only on weddings, instead of spreading yourself thin across different types of events. As mentioned above, doing so will boost your standing and credibility. Examples of certification programs to consider include:. Completing coursework for a certification will help put you in a better position for success.
If you decide to work for yourself, planning an event for friends or family could be an excellent way to start building your portfolio. We recommend starting small. The BLS recommends that those considering a career as an event planner pursue a bachelor's degree in a related field and that the best areas for employment lie outside of the corporate realm, as economic downturns can cause a lull in additional company activities. The following section will review how you can maximize your earning potential as an event planner.
To gain a competitive edge over competitors, consider pursuing a four-year Bachelor's Degree in Hospitality, Communication, Event Planning or Tourism Management.
A collegial degree could make the difference in whether or not you are hired by an event planning company, or whether or not a client decides to enlist your personal services. Certifications can be impactful on your event planner resume. It is also something you can include on your website, social media, business cards or advertisements.
A few certifications that can be beneficial to event planners include certified conference and events professional CCEP or certified professional in catering and events CPCE. These certifications could help justify your pricing and rates for expenses to clients. Especially if you are considering starting your own event planning service, you should review the pricing that your local competitors offer to their clients.
You can further compare these figures to state data to determine the best competitive pricing for your services. The more experience you have as an event planner could potentially impact a client's willingness to pay for you to plan their party, wedding or meeting. If you have multiple years of experience working in the industry, this could help you justify your higher pricing as it implies that you have valuable industry experience and connections.
The cost-plus method is an effective way to ensure that the services you provide for your clients are adequately accounted for in the amount of pay you receive for each aspect of preparation, coordination and cleanup. Calculate the total amount of expense that was needed to execute the event and then charge the client between ten to twenty percent of the total.
The following list reviews related job positions with similar skills and responsibilities to event planning.
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