How To Make Money As A Party Planner
Let's Plan A Party! "MAGIC" is the buzz word that usually describes what thisbusiness offers. No - the Party Planning business we're talking about has verylittle to do with Goof-Doop The Clown or serving cake and ice cream to 6-yearold kids.
CORPORATE SCENE
For a Party Planner, this is where the money is. And if you have the knack fororganizing fun things for grown ups, you're in for a big - $100 Million -surprise. And it's a business worth celebrating.
BROKER MENTALITY
This is a business you can virtually start with little or no capital. All youneed is a great idea and a client who wants to have fun. The best way toimplement this business is to act as the broker for all services entailed in anygiven event.
You do not prepare the food, you hire a caterer. You do not sing or dance, youhire entertainers. In fact, in some real big parties, you can negotiate withtalent agencies to have celebrities attend your party.
For example, you can have named stars "drop by" your party for around $10,000 orbetter. If your budget cannot afford the real celebs at $10,000 a piece, thenyou can hire look-alikes for $200 a night. Do not introduce them in the party,just let them roam around and mingle with the guests.
THEME PARTIES
You can also plan an event around a theme, depending on the reason for the partyand the number of people attending.
You can build festivals around parties. If the party is an extension of aconvention, work around ideas that are conducive to people in that trade orindustry.
START-UP
To get started, line up businesses that are involved in parties: florists,videographers, caterers, hotel managers, equipment rental companies, and others.
Set your rates based on the price lists of these related businesses. Thesetie-in companiwes will dictate the way you structure your prices.
Once ready, compile a mailing list of potential corporate accounts in your area.If you live in a city with a convention center, it would be ideal to do somenetworking and get referral business.
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