Monday, 10 June 2019
How to Start a Party Planning Business
The business is most suitable for unemployed ladies, female graduates, caters. The planner first addresses the scope of the contract with the client and gives her quotation. This has to be very conservative as there are other bidders for the contract.
Wedding, celebration, anniversaries, parties, rallies, village get together, age grade reunions, burial ceremonies, are all potential market for party planners. The business is highly competitive and customer satisfaction is the best marketing strategy. Always have your complimentary card and contact point handy.
Coolers, plates, cups, cutlery, Gen set, flowers, balloons, fancy fabrics e.g. satin.
Source of Material: it's sourced from the open market.
Material cost 4 coolers (medium N20,000.00(5,000*4)
Plates, cups, cutlery N25, 000.00
Flowers, balloons N2,500.00
Cooking utensils N20,000.00
Fancy fabrics and backdrop N40,000.00
Pre-Operational cost, 15,000.00
Working capital. 50,000.00
An average planner aims to make 30-50% of the total contract sum from the deal. She is able to achieve this because she already by as most of the materials on ground and hires or buys the one she does not have. Most middle class parties fall between N20, 000.00-N100,000.00 in the village and N100,000.00-N300,000.00 in towns.
Planners always require extra hands in the execution of the contracts. They sometimes contract other as subcontractors.
No specialized training skill required, but a detailed understudy of the party planning and catering knowledge as experience could make a difference.