I am thinking about starting a party planning business. What is a reasonable price to charge?

Question

I am creative and have skills in decorating, sewing, cake making. I have planned many events for friends but have never charged for doing it.

Answer 1

most ppl plan according to the amount of ppl like a caterer making a meal for somebody charges like 6.50 for each meal per person for hot dog/hamburg, mac salad, a veggy and a canned fruit with a drink then xs that by the amount of person. on crafts we do the amount of the materials xs by 3 per item. so i would go with how much the stuff costs the xs by 2 or 3 for my time. the stores make the veggy trays and sell them for 12.99 and have about 7 bucks in them so thats xing by 2 roughly. how much are u worth for an hour? i would figure on how long it takes u to plan it all then xs that your hourly rate. most self imployed ppl get 12 to 15 bucks an hour.

Answer 2

$5

Answer 3

Do slightly industry analyze first. If that's achievable, ask the persons who come into the shop in the event that they had use one in all those service - yet your boss won't be too satisfied approximately that. any opposite direction is to go out on the line to the place there are those with bicycles and ask them the question. you additionally can ask them what they could be arranged to pay for one in all those service, given how handy it would be for them. What expenditures does the shop you artwork in can charge for upkeep? Your overheads could be under theirs so which you ought to in all probability can charge slightly much less besides the shown fact that it ought to be worth charging the comparable because of the ease for the customer - some thing they are not getting from coming to the shop. as quickly as you have some industry analyze, then it's time to entice up your company plan. artwork out who your audience is, the way you will attain them, what your expenditures are and what earnings you have left from what you're charging. If each and every thing provides up, that's worth giving it a go. it ought to be some thing to objective while you nevertheless have your day pastime. sturdy success!

Answer 4

Charge depending the size of party and all the extras they want....meaning themes, know how much it will cost according to size, start with a group of 25-50 people and work your way up.

Answer 5

$20-$30

Answer 6

I would suggest you go to the local community college to see if they have a business planning class or workshop coming up. This will help you decide how to market you business and give you clues on what to charge based on how much it will cost you out of pocket.

Answer 7

Figure out your costs and how much profit you want to make. Good Luck with your business.