Wedding Consultant Business Plan
Monaghan says that although no one formally tracks these figures, his estimate is based on the number of people who pay for memberships to the various professional associations as well as the number of people on mailing lists available from list brokers.According to Monaghan, one out of every eight retail dollars is spent on wedding-related products and services.That makes the wedding industry a billion business, although some estimates put that figure as high as billion.Part of the reason for the big bucks spent on a dream wedding is that there are often six wage earners funding the event: the bridal couple, the bride's parents and the groom's parents. Ernst III, president of June Wedding Inc., an association for event professionals, says the average cost of a wedding in the United States is now around ,500 for 125 to150 guests.Reach out to other professionals on Linked In and consider attending bridal shows.In some cases, you may want to exhibit at these events, but in other cases, it can be more cost-effective to go to the show as an attendee and introduce yourself to the vendors.Please contact your financial or legal advisors for information specific to your situation.Once upon a time on a perfect summer day, guests in colorful wedding finery filled an old cathedral. Now more than ever, wedding consultants are making them happen.
Ideally, as is the case with any new company, you should not plan to live on your revenue for at least a few months if not longer.
In addition, you also need to network with other professionals in the wedding industry.
They can be an invaluable resource, and most importantly, they may send couples your way.
In the beginning, if you want to build up experience or create examples for your portfolio, you may want to offer free or low-cost services to a handful of friends.
In exchange, these clients can often become excited advocates for your services on social media and business review sites.