What is Event Planning?
Event planning involves the coordination of every detail of events such as meetings, conventions, trade shows, ceremonies, retreats, or parties. An event plan is a key document that outlines all of the elements of an event.
Event Planning Prices In South Africa
|Marketing Coordinator||Range: R50 – R199||Average: R83|
|Event Planner||Range: R60 – R225||Average: R102|
|Wedding Planner||Range: R75 – R121||Average: R109|
|Catering Manager||Range: R32 – R101||Average: R85|
How much should I charge for an event?
On average, event planners should charge between 15-20% of the total cost of an event as part of their fee.
Depending on the complexity of the program and the amount of time it takes to plan and execute an event, sometimes this is enough to cover a planner’s entire cost and source of profit.
Add the total cost of the food, venue, entertainment, and misc. expenses together and divide that number by the amount of people you want to attend.
That will tell you the average cost for each attendee. Next, you’ll need to determine how much profit you want to make from the event to set your break-even point.
How much time does it take to plan an event?
That period of time, in the event planning world, is often 6 to 12 months total. It sounds like a wide range, and that’s to account for complexity and size. Six months might be a long timeline for relatively simple events; 12 months might be appropriate for a large-scale event with thousands of attendees.