If you have ever planned a large party or event, you know the amount of work that goes into making it run smoothly. If you get energized just thinking about planning an event, then you may be a great candidate for this exciting, dynamic career!
Is event planning a growing industry?
This industry has low revenue volatility, despite the high competition levels (Couillard, 2018 ). Profit margins are expected to rise slightly in the industry over the next five years, in both Canada and the US (Couillard, 2018 ; Convention & Trade Show Organizers Industry (NAICS 56192), 2018).
Event planners are always in demand; from weddings to corporate gatherings, there is always call for someone who can help make an event run smoothly. The discrepancy between event planners' salaries is fairly large; for example, while top wedding planners can earn $120,000 a year, the industry average is $44,260.
How much can you make owning an event planning business?
According to Goldblatt's research, profits in this industry continue to rise. Just a few years ago, Goldblatt says, the average profit margin for an event planning entrepreneur was around 15 percent. His most recent studies, however, show profit margins can be as much as 40 percent.
Is there a market for event planners?
Broadly speaking, there are two primary markets for event planning services: corporate and social. All these entities use special events to reach their target markets and to increase their visibility in the community.
Is event planning a real job?
Event planners are typically hired by corporations, hotels, business associations, conference centres, charitable organizations and destination marketing organizations, but many are also self-employed and work on a project-by-project basis.
Is events management a good job?
Is event management a good career? Absolutely! The industry is growing, and events are only getting better. For people who feel they have the skills to succeed in the world of events, event management makes a great career.
How muchdoevent planners usually make?
An event planner can make an average of $16.07 per hour, or an equivalent of around $ 33,000 per year. However, this average can vary depending on clientele, event types and hours worked to see an event through to completion.
How doevent planners find clients?
- Offer Experiences. People want more than a traditional event.
- Demonstrate Expertise. There's a reason people hire you to run their events: You are an expert at what you do.
- Work with the Local Blogging Community.
- Partner with Nonprofits.
- Go Live.
How do wedding planners find clients?
- Establish your niche.
- Make connections.
- Curate your online presence.
- Provide service that's second to none.
- Make your costs clear.
- Find leads who'll say “I do” to working with you.