This is a go to article for new even planners who just needs a little extra help to get business moving. This article basically tells you how to price your services. you don’t want them to high to where nobody is interested and you don’t want them to low to where people feels it’s a piece of crap. Also clients, your market and all the people you are servicing will affect your pricing as well. There are a lot of different kinds of pricing such as fixed hourly rate and flat fee, to wrap this up you just need to set fees, do some experimenting and research to make sure you have the best price point possible.
- Finding the right pricing strategy effectively sells your services and brand to prospective clients.
- Insurance and taxes are two components many new event planners to not budget accordingly.
- Understanding the method of payment by the client, whether by the hour or milestones, is important to the right pricing strategy.
“If you want to serve luxury event hosts, you can’t sell on bottom-of-the barrel pricing.”