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Becoming a wedding plannerThe wedding industry remains a profitable business but it takes a dedicated and multi-skilled person to become a wedding planner. Before you start a wedding planning business, consider the time and money needed to invest in being a wedding planner and running your own business.
According to Goldblatt's research, profits in this industry continue to rise. Just a few years ago, Goldblatt says, the average profit margin for an event planning entrepreneur was around 15 percent. His most recent studies, however, show profit margins can be as much as 40 percent.
Also known as bridal or wedding consultants, wedding planners are responsible for assisting clients in planning entire weddings or specific wedding activities. They discuss wedding logistics with clients, negotiate vendor contracts, and ensure that wedding-day activities run smoothly.
'Wedding consultant' is the broad title often used to refer to any of these positions and many smaller, related positions within the industry. A wedding planner is a consultant hired to plan and coordinate the wedding celebration.
Being a wedding planner can be challengingand it's often regarded as one of the most stressful jobs! There's a lot you're responsible for as the wedding planner, and events can be stressful to manage.
As a wedding planner, you'll be an artist, a juggler, a referee, and a visionary. It's extremely hard work, but you'll be rewarded for many years to come if you start your business the right way and operate it well.
Why you should start your own wedding planning business Starting your own wedding planning business can be both exciting and profitable. Today, the wedding industry is a lucrative business. In the US, about 2.4 million weddings happen each year.
Before making the decision to go to wedding planner school, getting certified, or marketing their new business, one of the most common questions I hear aspiring wedding planners ask is: How Much Do Wedding Planners Make? The short answer: $44,260 per year, or $3,262 per wedding.
Most wedding planners are self-employed, and you can set up private practice early on. Notwithstanding, many event planning firms hire wedding planners. Job boards often advertise these wedding planner jobs.
Your contract should include the following items:Today's Date.Wedding Date (and time if you know it)Name of Bride & Groom.Bride & Groom's Contact Info address, telephone, email, etc.Conditions your role as wedding planner and restrictions.Your Compensation your total fees, initial deposit and payment schedule.More items...