Business Idea: Start An Event Planning Business in 2024
Event planners handle different tasks related to making the business a success. Some of the event planner’s responsibilities include:
- Conducting research
- Creating the event design
- Finding an ideal site
- Arranging for food, décor, and entertainment
- Planning logistics to and from the event
- Sending invitations
- Supervising at the site etc
To start this business on a budget, begin by honing your organizational and communication skills.
Next, create a detailed business plan outlining your services, target market, and pricing structure.
Utilize free or low-cost online tools for marketing, and consider starting small by offering services for smaller events before expanding your business as you gain experience and resources.
Revenue & Profitability
How much do event planning businesses make?
- On average, successful event planning businesses report $2.17M/year in revenue.
- 100% of event planning businesses report being profitable.
Startup Costs
How much does it cost to start an event planning business?
- It can cost as low as $500 to start an event planning business.
- It can cost as high as $50,000 to start an event planning business.
Learn more about the costs of an event planning business.
Examples Of Successful Event Planning Businesses
Successful event planning business businesses and case studies
A successful ticketing platform that grew from a side project into a business that issues over 5 million tickets annually, using a combination of cold calling, word of mouth, and partnerships to attract and retain customers while navigating the challenges of COVID-19.
From a booth at a flea market to a 400k/month revenue generator, learn how this event production company pivoted to focus on corporate events, garnered top private companies recognition by Inc., and reinvented itself through virtual offerings in response to the COVID-19 pandemic.
See full list of successful event planning businesses.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
