"Register Now to get a free copy of 40 page Handbook for Unemployed in English. The book contains informative articles with useful tips for Unemployed. Registration is simple with only 3 mandatory fields and we do not spam. You can also download a free Job hunting tips ebook after login under Newsletters" -RevivalCircle Team

Articles

Event Planning Business

Articles Home Based Event Planning Business

Event Planning Business

Written by Venkat February 07, 2010 Hits: 764 Favorites

0.0 (0)

Event planning is drawing more attention across the globe. These days, event planners are drawing a great monthly income and there is enough demand for event planners. If you want to start your own event planning business, you need to determine the category of events you want to focus as eachy category has its own unique requirements.

People engage Event Planners for special events in their life and some popular categories are:

Corporate (Conventions, Product launches, Market events)
Celebrations (wedding, anniversaries, fairs)
Education (meetings, conferences and graduation day)
Promotions (fashion shows and political rallies)
Commemorations (memorials and public functions)

Capital Required:

The money you exactly require for initiating an event planning business highly depends on the target market and the people you offer your services. Whether you want to work from home or you want to rent an office will also come into account while trying to determine the cost for starting an event planning business. Depending on the events you focus you will be required to invest in few types of equipment and the investment may range from $500 to $3,000 or more.

Skills Required:

In order to become a successful event planner som of the following skills are very helpful

Designing the event
Conducting research
Finding / recommending right suppliers (catering, decoration) & venue
Creativity in arranging stuff like food, décor and entertainment for the guests
Sending invites, arranging transportation
Arrangement of accommodation if there is a requirement
Right management of the activities from the event personnel
Correct supervision of the event

Ideal Personality:

In order to take your event planning business for new heights, you will need creative mind, eye for detail, good people management, strong communication, great planning and execution skills. As an event planner you need to stay alert for every possibility and keep a cool head to tackle any surprises.

Fees:

You can fix the price for your customers on the basis of the service you provide to organize the event and the materials you have used. The geographical location, market segment and your experience / reputation will all count when you are determining fees for the services your offered. You can also set up your fees on the basis of the above-mentioned aspects and keep 10% to 20% of the total cost as your profit.

Where to look:

Depending on the kind of events you specialize, you should identify the places where your prospects are concentrated and work out the promotion strategies. For example, if you are focusing on Graduation or Sweet 16 events, your local schools will be a great place to start. The reputation spreads very quickly in such target groups and if you do a good job and keep improving, there is no reason why you can not be busy. You can also tap the internet for publicity and use free listing sites like craigslist.

What you should do:

Decide on the events you want to focus, research on the specific events and come up with the services charter. Identify relevant suppliers for that line of activity and form associations, so that you can provide comprehensive services. Start small and expand as you gain experience.

Training Resources sections:

Some of the following sites can provide you useful startup information

http://www.universalclass.com/i/crn/7550035.htm

http://specialevents.com/

http://www.event-solutions.com/

_______________________________________________________________________________________

Laid off? Unemployed? Retired but still wish to be productive? These business articles are for those who are keen on stimulating their thoughts and actions by undertaking a new venture either alone or with others. Study the other home-based businesses in this section and see where you can channel your talents. Take the road to self-employment or entrepreneurship!

Add this page to your favorite Social Bookmarking websites