A couple of years before I had my daughter, I entertained the thought of becoming an event planner. I was ready to do something other than nursing, and event planning seemed like the perfect career choice for me since I loved planning parties. However, when I looked further into the profession, there were a few things that kept me from pursuing it as a career.
One, entry-level event planners earned less than I was making as a nurse. Two, there were a lot of nights and weekends involved. And three, most companies, wanted individuals with a Bachelor's Degree AND additional event planning certifications.
Now, before you decide event planning isn't for you, I was looking at companies that hired employees. If you want to start your own home-based event planning business, you'll have more flexibility regarding work hours, pay, and what background training and education you'll need.
What Training Do You Need for Event Planning?
Traditionally, to become an event planner, you would obtain a degree from a college or university in meeting and event planning, hospitality, or tourism. Or after earning a Bachelor's Degree, you would enroll in a certification program and become a Certified Special Events Professional (CSEP), or a Certified Meeting Professional (CMP).
But if you want to launch your own event planning business, a specialized degree or certification is not needed.
In fact, successful event planner, Candice Coppola of Jubilee Events said,
“I studied art history, not event planning or event business. I just happened to have a natural affinity to the profession of being a business owner and event planner and constantly sought out to learn as much as I could (which I still do).”
Another successful event planner, Jenn Sbranti of the Hostess with the Mostess, went to college and got a Bachelor's Degree in visual arts — not event planning. She said,
“To me, event design is very similar to graphic design though. Whether you’re designing a website or styling an event, it’s all about color, composition, a smart, functional layout, and – plain and simple – creating some eye candy!”
Now just because you don't need a college degree or certification to run a business, doesn't mean that you shouldn't educate yourself and learn as much as you can about the industry.
Here are some online resources, guides, and programs to check out:
- Association for Wedding Professional International (AFWPI)
- QC School of Event Planning
- The Association of Bridal Consultants
- The Association of Certified Professional Wedding Consultants (ACPWC)
How Much Do Event Planners Make?
According to the Bureau of Labor Statistics, event planners earn an average of $49,370 per year; but again this is an employee, not a business owner. According to industry expert, Patty Sachs, social planners make anywhere from $12 to $75 per hour, plus vendor commissions. Corporate planners anywhere from $16 to $150 per hour, plus vendor commissions. Sachs says in the events industry, planners typically charge a fee for their services, plus a percentage of some or all vendor fees.
Ready to Start Your Event Planning Business?
1. Write a Business Plan
Like any other home-based business, you will need to educate yourself on best business practices and tools, file all of the appropriate paperwork, and get your legal and financial ducks in a row. The best way to make sure that you have all of your bases covered is to write up a business plan.
Don't worry, writing a business plan doesn't have to be complicated or lengthy — you can use our Free Business Plan Template to get started!
2. Choose a Niche
There are many different types of events you can work in. While some event planners are generalists and work on a wide variety of functions, it is easier and more lucrative to choose a specialty. Figuring out what niche you want to focus on can be a challenge, but if you mind-map your passions, interests, experience, and knowledge you can narrow it down relatively easy.
Here are some things to consider:
- Do you prefer working with social clients (weddings, birthday parties, baby showers, engagement parties, retirement parties, etc.), corporate clients (trade shows, conventions, company picnics, holiday parties, meetings, etc.) or non-profit clients (charity events and fundraisers)?
- Would you like to do big events (over 50 people) or small events?
- What would you like your area of specialty to be? Example: I enjoy being around senior citizens, so I want to focus on retirement parties, elderly milestone birthday parties, and anniversary parties.
3. Build a Website
To be competitive as an event planner, you need to have a website. Having an online presence helps you attract more clients; it gives you a place to showcase your work, list your services, and testimonials, and it makes you look more professional. Don’t worry, setting up a website is easy and affordable. This post has step-by-step instructions that will have you up and running in no time — and it's very affordable!
4. Market Your Business
There are tons of ways to promote your event planning business; the thing you need to remember is consistency is key. Choose two to three methods that you think you’ll enjoy doing and spend time each day working on those methods. If you find yourself dreading a certain method, or that it's not effective, drop it and try something else.
Not sure of your marketing options? Here are some ways you can market your business:
- Social media
- Business Cards
- Email marketing
- In-person networking
- Guest blogging
- Print advertising
- Forum participation
- Email prospecting
- Facebook Groups
Now that you’ve got your website in place and you’re actively marketing your business, it’s time to connect with potential clients. Some experts believe you should follow up with five to ten new prospects a day until you have a constant flow of customers in your pipeline.
5. Invest in Your Event Planning Business
As your cash flow builds, you’ll want to reinvest some of it into professional development. Luckily, they are events, tradeshows, webinars, teleconferences, online courses, books, membership sites, mastermind groups, and coaching sessions – there is something to fit every budget and every niche. By investing in yourself and your business, you gain the knowledge, information, and skills to make your event planning business a success.
Starting your own event planning business may seem like a far off distant dream – but if you take the first step, you can make it a reality. Good luck on your journey!