(LifeWire) - Overview of the Party Planner Business
If merely booking the caterer and the DJ made a successful party planner, many more would-be entrepreneurs considering small home business ideas would be tapping into this industry. But this small home business takes a lot more: diplomacy, salesmanship, multitasking, and above all, a desire to help other people enjoy themselves. Party planner engagements can range from weddings and product launches to corporate seminars and awards dinners. Tasks can include renting a hall, mailing out engraved invitations, coming up with a theme, booking entertainment, deciding on the food and hiring waitstaff.
Once party planners establish themselves in their own business, their income potential can grow exponentially. Many successful, self-employed party planners have no formal training. The ability to sell oneself is as critical as providing the services. If an affair to remember takes place because of the party planner, the client won't forget.
Pros of Party Planner Home Businesses
- Doing business with people and businesses out to have a good time
- Job variety
- Potential new clients at every event
- A six-figure income with the right clientele -- but building a customer base can take time
Cons of Party Planner Home Businesses
- Long or odd work hours
- Reliance on subcontractors
- Pressure to look your best whenever doing business
- Client always comes first
What You Need to Get Started in a Party Planner Home Business
- Start-up budget of around $2,500
- Liability insurance
- Business cards and website to promote your services
- Good networking skills to find reliable subcontractors such as florists and caterers if you're not providing those services yourself
- Reasonable expectations of your own abilities
- Innate organizational skills.
This home business idea is part of:
9 Perfect Part-Time Home Businesses
