It’s a good idea to purchase some party planning guides from a bookstore (or borrow them from the library) and build yourself a Web site that showcases your themes and talents. Advertising costs will be your biggest start-up expense. Be sure to get a Yellow Pages ad ($30 to $100 per month, depending on ad size) since this is where many people who don’t know you personally will be apt to look. You can charge either on a percentage basis (15 to 20 percent of total party cost) or a ?at fee of $300 to $500 per party.
While getting started, you might want to plan some friends’ parties for free. Th is will give you valuable experience and build a portfolio, so to speak, of your successes and innovations. Keep at least a photo album if not a video of your parties so that you have something to show potential clients when you meet them in person or participate in local trade shows. Nothing sells better than demonstrated success. On the downside, expect there to be difficulties in dealing with the personalities involved in planning a party. Remember, too, that even though your tastes may be better than your clients’, they will not always be the prevailing ones.
Approx. cost of start-up: $500 to $1,000
Approx. potential earnings: $20,000 to $40,000
Typical fees: $300 to $500 per party or 15–20 percent of total cost of party
Where to promote: Yellow Pages; direct mail; ?yers; networking; banner ads on community Web sites; your own Web site with photos, party themes, and online booking capability through secure server
Qualifications: Resourcefulness, creative ability, exceptional organizational skills
Things needed: Planning system (hand-held PDA or a good planning book), cell phone, fax, camera or camcorder (to record parties so that other potential clients can see the results of your work)
Required staff: No
Hidden costs: Travel expenses, spending too much time on each project for the amount being paid
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