Doing some research for a small business. Can You Help?

Question

Thinking of setting up a party business in which people can get everything for their party all under one roof. I would just like to know
How Much are you willing to Spend on a party?

Please include costs for the following
Invitations
Cards
Balloons
Banners
Party Poppers
Party Plates and Cutlery
Cakes
Party Bags or Boxes
Party Bag Fillers
Sweets
Pass the Parcel
Pinatas

Answer 1

my daughters birthday is coming up she will be 2, i have hired a hall and going to hire a bouncy castle, i already have the majority of stuff in just got to buy the actual food a few days before. i have invited 27 children and had a budget set of £120 i think the bouncy castle will take me over that thou. i will stick to £100 budget most years inviting around 25 kids at her parties and i am an average wage earner not poor not rich

Answer 2

Invitations $5
Cards $5
Balloons $4
Banners $7
Party Poppers $6
Party Plates and Cutlery $10
Cakes $30
Party Bags or Boxes $13
Party Bag Fillers $20
Sweets $15
Pass the Parcel $ ?
Pinatas $20
Food $60
Beverages $ 25
Entertainment $ Free… (cd player/ cds)

So about $220

Answer 3

I usually set a goal to spend about 100-200 for a party and end up spending 500 but that includes drinks if it's an adult party and entertainment if it's a kids party. For only the things you listed here i if you were to go out and purchase from a retail store you would probably spend about 250. That's my guess. Hope this helps.

Answer 4

Do you mean kids parties ?

Depends where you live and what your target market can be. Target middle class mums. If you live in London target investment bankers. Set up a website and get yourself Google optimised - you will have to invest some money in this.

You can add value by knowing good kids entertainers and being present to organise the event - these things can be nightmares - if you can solve the problems on your feet and keep the kids interested you have it made.

Do it right and surprise and delight the parents and you will get word of mouth recommendations from the mums network.

Good luck

Answer 5

100 to 200 $

Answer 6

Sorry, I think it's a non starter, most of the things you have listed are available at your local supermarket at very cheap prices so you would find it extremely hard to compete. Most parents opt for external parties now don't they to save on mess and having to organise it. Good luck though.

Answer 7

You forgot catering/food, beverages, alcohol, and entertainment (band, DJ, clowns for kid parties, etc)