Small Business Idea No.9: Start a Wedding Planning Business ~ The Home Buff

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There is nothing more fun than receiving payment for what one wants to do. Thus, many people are into planning how to start a wedding planning business in order to fulfill their long term dream of helping couples plan their weddings out. Not only is it profitable but also fun provided the best investment is given.

Click Here to Discover How to Become a Wedding Planner

The Skill

Communication Skills. A wedding planning business is people intensive: your ability to succeed will significantly depend on exactly how well you fully trust your clients. The bride and groom, as well as their households, can be anxious about obtaining everything ready for the special day. You need to have a chance to maintain a cool head and possess social graces.

Creativity. It is important to provide a unique and memorable wedding experience for your clients, but they do not want it like to be everyone else's wedding. You should be creative and formulate new ideas that blends with the trend but has your own touch. You can take a look at the wedding magazines and website and come up with your own ideas while blending ideas that you have learned.

Organization.Â Being organized and developing systems is one of the wedding planner skills that separates truly professional wedding planners from the hobbyists.Â As a professional wedding consultant, you will need to produce systems to guarantee that everything is covered. Only one small overlooked detail can make all the difference on the planet for this kind of important event.

Interpersonal Skills. A wedding planner deals with people every now and then, so it is very important that she or he knows how to deal with people, establish rapport and a good business relationship.

The Market

Well, since you will be engaging in a wedding planning business, your clients are surely couples that are soon to be married. The question is how large is your market? It is not every day that people get married. There are usually wedding events are at its peak. The months of September, October, June and August are traditionally the busiest months. Winter months are slow; except if you are in a tropical country where December is also a busy wedding month.

Weddings are big business. The Association of Bridal Consultants estimates that consumers spend a whopping $33 billion on their weddings every year. In 1999, the averageÂ weddingÂ costÂ approximately $20,000, and many more couples spend on top of that amount.

The Manpower and Equipment

Basically, you can start this business by yourself at first, when you are holding at least one event per week. As long as you have the necessary equipment such as a phone, fax, internet access and a website.

When your services are already gaining popularity and you are already holding a lot of clients you can hire someone to run errands for you, but it is important that you still have time to personally meet your clients. It is also recommended that you have business cards and flyers at hand all the time, to give to potential clients.

Acquiring and insurance for yourself and your clients is also recommended to protect you and your clients, so as to provide the best wedding encounter for the couple.

The Marketing Strategy

Look for associated businesses to partner with, in particular talk to local: locations, cake suppliers, caterers, wedding photographers, wedding dress/accessory stores, jewellers, chocolate water fountain suppliers as well as anyone else who'll come into contact with potential customers. Plus youâ€™ll have to build a romantic relationship with all of these suppliers in order to deliver the support. Make sure you are courteous, friendly as well as professional wonderful these suppliers your success will depend on maintaining a great relationship together and if a person upset it might lose you future company. Once youâ€™ve established contact with them, stay in contact work hard to build a great relationship, ideally you want them at hand out your greeting card, flyer or even best of all individually recommend a person.

As I remember requests for marriage permit are public documents, therefore it might be really worth a visit the neighborhood registrars to get the listing of marriage permit currently asked for. You can then sell to those people -- itâ€™s far more economical to send out 100 extremely targeted mailshots compared to thousands of untargeted ones.

The Money

In Starting any business it is important for you to know the money involved, how much money is needed to invest and how much money will you yield back in return.

The Start-up Cost

Basically you can start out with marketing materials, a phone and internet access. Marketing materials such as business cards and flyers can cost you about $50-$100. If you plan to put up a website where clients can contact you, this might cost you another $50-$100, depending on the type of website. But then, it is advised that in your marketing materials and website, you should promote a very professional appeal so that in can be very marketable to your clients.

The Potential Income

It usually takes three years to determine a wedding talking to business, as well as five years to become profitable.

Should you work on thirty weddings each year at an average rate of $1,500 per wedding, you can expect to earn $45,Thousand in a year. If you work alone on a full-time foundation, you can support about 40 weddings annually, providing nine man-days per wedding ceremony. To increase revenues, other wedding ceremony coordinators supply extra providers such as publishing invitations, selling accessories or renting tuxedos.

The wedding business is seasonal. The months of September, Oct, June as well as August tend to be traditionally the actual busiest several weeks. Winter months tend to be slow; except if you are in a tropical country exactly where December is also a busy wedding ceremony month.

Click Here to Discover How to Become a Wedding Planner