How Can Freelance Event Planners Charge for their Services?

The genre of freelance event planners is now gaining a lot of attention, and people have started understanding the importance of this viable profession. It is the trust and credibility of the planners that a lot of people now are hiring them instead of going for formalized event planning companies. If you are someone who is just starting in this career and want to understand how you can charge for your services or what the framework should be, we have got just the right points covered for you.

Various Categories to Charge for Your Services:

We all know that the concept of events is not watertight, and there are a lot of bifurcations to consider, be it the Meeting Planners or even the ones who just plan out marriages or other related occasions. But some of the major ways as to how you can charge for our services are:  

1.      Flat Fee: If you're an event consultant who is just starting in this industry, going for a flat fee is the best option that you can consider. Unlike the other ways, a flat fee is hassle-free, and you can easily choose the price that fits your requirements. This flat fee is not only easy for you to access but even your client is clear as to how much he or she has to pay. Usually, this fee is decided before delegating the task, and hence it becomes easier to work. The service which is rendered based on a flat fee is usually an amalgamation of both your services and a small percentage of the vendor's fee. It is the best and most common way of charging your clients for an event that you have planned. 

2.      Hourly Basis: This is a more complicated method, and here you get charged for the hours of work you put in. This method is slightly debated because the client might think that you are taking longer hours than required just to increase the numbers on your bill. It works well in case you are planning just corporate events because they are usually not very magnanimous like the social ones. For social events, a lot more time, and creativity is required, and the hourly basis rate does not fit in most cases. 

3.     Commission on Vendors: A very rarely used method to charge for your event services is by simply surviving on the commissions that are made via your vendors. These commissions are usually quite bigger, unlike the flat charge or the hourly charge. It is primarily because the planner is not charging any money for planning the event and relying on the vendor's commission. In some cases, the commission from each vendor can even go up to 40%.

 

Find the Right Platform to Channelize your talent 

Being an Event Consultant is not easy, but it is certainly a very lucrative career option. Always try to choose the payment method which fits your needs best. If you are looking for a platform to find the right kind of recruiter or company in the hunt for freelance event planners, register with Soundings Connect today.