How to Start Your
Own
Highly Profitable Wedding Planning (Consulting) Business
Are
you thinking of starting your own business? If you like to work with
people, enjoy planning big parties, and are good at negotiating and
networking you might consider becoming a wedding planner (also known as
a wedding consultant or bridal consultant).
With millions of weddings taking place every year in the
United States, the wedding and bridal industry brings in billions of
dollars of revenue annually. And you guessed it, that means there is
high demand for wedding planners!
This fast-growing industry is also contributing to a major boom in
related industries, such as musicians and photographers; businesses in
the food and hospitality industry; beauticians and seamstresses, etc.
How much do wedding consultants earn? According to the Princeton
Review, "Depending on the size of the wedding, income can be quite high.
The average wedding today costs $25,000- at 15 percent that's a $3,750
commission. Wedding consultants who organize just two $25,000 weddings a
month, earn more than $90,000 a year.
A story in the LA Times notes that "consultants set a fee based on
the amount of time they estimate the job will require. They may also
receive commissions from the vendors they subcontract for their events.
Consultants working on hourly projects, charge from $45 to $75. In
general, the average consultant works on 20 to 40 weddings per year.
Planning the perfect wedding day requires not only
creativity and a sense of style, but excellent business and
organizational skills.
Before you get around to that beautiful wedding day, you
must spend many hours planning, preparing and coordinating each and
every detail, negotiating with wedding vendors, dealing with your
clients and their families, as well as gracefully handling every twist
and turn you may encounter along the way. It is a demanding career
choice, but one with great rewards.
As long as you have the desire, you can become a wedding
planner. No special education or experience is necessary to break into
this career and succeed. If wedding planning sounds like the career of
your dreams, here are some steps to follow.
Many wedding planners learned the business by, attending
and helping out with as many weddings as possible, visiting bridal
shows, reading wedding magazines, and conducting informational
interviews with clergy of various faiths, recently married brides and
anyone else connected to the wedding business such as florists and
caterers.
Even if you plan to start your own business, consider
getting a job in the industry first. Besides employment benefits, these
positions can be used as a stepping-stone to gain valuable experience
and contacts. Wedding coordinators are hired by hotels, country clubs,
and churches across the country.
Some of the more exciting options include working as a
wedding coordinator at an attraction such as Disney World or at a resort
in a location such as Hawaii, Las Vegas, Europe or the Caribbean. Many
other job opportunities for "bridal consultants" are available with
companies that supply products and services for weddings including
bridal shops, department stores with gift registries, florists, and
caterers.
Set up your own business
Setting up a wedding planning business is not much different than
starting any other business, with a few exceptions. You should be able
to work from home as long as you set aside an office space free from
interruptions from children or pets. This is especially important if you
plan on holding meetings with clients there.
Set up costs will be minimal but you will need a
computer, fax, business phone line, cell phone, business cards, and
marketing materials such as a website. Before setting up your business,
take advantage of the free advice offered by agencies such as the U.S.
Small Business Administration.
Vendors are suppliers of any product or service related
to weddings, such as limousine companies, musicians, photographers,
party supply companies, invitation printers, etc. Vendors can be a
valued partner in planning a successful wedding and a great networking
ally.
Conduct informational meetings to learn about their
services, and what discounts they can offer you as a wedding planner.
Before recommending a site for a wedding ceremony or reception, visit
and inspect the premises. Always follow up with vendors after the
wedding with a thank you note or to discuss any changes you want for
future.
Successful wedding planners are always interested in
learning new ideas they can use with their clients. Consider joining a
professional association for wedding planners to keep up with new
developments in the industry.
Clients will be impressed with your affiliation to a
professional organization, especially if it certifies you as a
professional wedding planner.
(Jeri Joynor is a long-time wedding planner and author of the
successful and respected book, make money
"Learn How To Become A
Wedding Planner.")
Learn From Jeri Joynor...Step-by-step wedding
planner tasks in planning a wedding.