![]() ![]() If you continue to specialize in traditional, in-person events which the majority of our readers do, then one flat fee structure is sufficient. If you happen to have expertise in virtual events, you should have a separate flat fee structure for these. The above fee structure goes for both social and corporate events.Īfter Covid-19 pandemic, it has become more common for virtual events to occur. When you outline your flat fee it is normal to charge a fee for your services, plus a percentage based on the total vendor fees.Ī standard vendor commission percentage fee is 10-15% so for example if a caterer charges $3000 for an event, your fee would be $300-450 for locating and coordinating that particular vendor. Once you discuss the fee amount with honesty and transparency, you and the client can focus solely on making the event as great as possible. With a flat fee, there are no surprises to you or your client. Adjusting your prices based on the market you are serving (social vs corporate) is an acceptable practice.Ĭharging a flat fee is the most common and preferred method of billing your client. Typically you can charge about 30% more for a corporate event than a social event. As you see costs of goods and services going up around you, your rate should reflect this as well to ensure you are adequately compensated for your hard work. Knowing that inflation this year has gone up significantly as well as the cost of living, keep that in mind when setting your hourly rate. A common hourly rate can fall within $25/hr for a new planner, and go upwards of $100+/hr for top event planners with amazing portfolios. The amount of experience you have will play a role in your decision. Here are the most common ways to charge:Īsk yourself what you think you are worth and decide on a set hourly rate. For example, major cities like New York, Los Angeles and San Francisco typically allow for charging higher rates than small towns. Keep in mind that the going rate for fees varies based on your location. There are five possible ways to charge for your services. “How do I charge for my event planning services?” Today we tackle the important question of – Pricing is the most common question new planners ask. What is your interest or passion? Do you love weddings? Or sports? There are many opportunities in events planning so think about what you love and after you finish high school or college can work towards that specialized area.Now that you’ve watched the video, read the important text below to learn all the different options of how you can price your services. But there are risks with this type of situation you have to find work or places to contract you. Some event planners work on a project by project basis, so they make their own schedules. And I travel to events and sometimes I’m gone for 10 days, working over the weekend! But I’ll take time off while on the road (go hiking or running…exploring wherever I am□). I work full time as an exhibits/event manager. And start to learn what they do, maybe even help them out!Īn event planner works all different schedules, depending on what type of event planner you want to be. ![]() Might not be exactly what you are thinking, but by doing smaller you can learn, get to know your managers or even the on site event manager. Or a country club that has events on weekends mostly. High school is a huge commitment in itself and you need to enjoy your youth! So my suggestion would be to start small, perhaps working banquets as a server.
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