You read correctly, just select a number that would work for you – I promise you there is a method to this madness. Think about the ranges above, your skills, experience, and knowledge, and pick a Now that you have your three (3) comparison prices, sit with these prices for a moment and try to determine where your price should fall. Once you have done your research list the three (3) most common prices quoted by event planners in your area. How can you confidently say you are the most reasonably priced or the best value if you are not aware of what you’re up against? Here’s what you’ll need to do.īefore you settle on a price for your services, call around and find out what other event planners in your area are charging.Īccording to industry expert Patty Sachs, event planners make anywhere from $12 to $75 per hour, plus vendor commissions. The idea here is to not copy your competitor’s pricing but to use this information to inform your own pricing calculation. This is one of the best ways to gauge where your fees should start. What your competitors are charging will affect how much customers are willing to pay for your services. Just like you price match when shopping, event planning customers do the same. The most important thing to know when pricing, is that charging for your event planning service is not magic, it’s math.Īlso included is a handy worksheet which will help you to develop a baseline for creating other pricing structures such as flat rate pricing and event planning packages. Here are the exact steps to get started: STEP 1: Research what your Competitors are Charging
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I’ll be showing you step-by-step how to determine an hourly rate for your event planning service. I’m here to show you exactly how to win the pricing game and finally be able to charge your clients with confidence. My goal is to help event planners build, launch and grow their business. What you charge will vary according to the event, the demand for your service, and your location (to name a few). Pricing can be a complicated thing to figure out for event planners.
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