Preston Bailey charging clients money vendors business

(Image via QuiteLucid)

The nice thing about charging a flat fee is that clients always know exactly how much they’re paying for wedding and event industry services. The not-so-nice thing about flat fees is that sometimes vendors end up working much harder for their money than they anticipated.

Your pricing strategy should depend on the type of work you do. Here’s a breakdown of general pricing guidelines by wedding and event service:

Wedding and Event Planners

– Flat fee
– Hourly
– A percentage of the whole job
– Additional cost for extra help
– Per wedding or event, charging an additional amount for a rehearsal dinner or post-wedding brunch

Wedding and Event Florists

– Cost of flowers and materials, including the time it takes to make arrangements and your mark up
– Cost of installation time
– Cost of breakdown post-event time

Wedding and Event Designers

– Flat fee
– Hourly for time spent on designing all event visuals including flowers, invitations, floor plans, draping, lighting, table linens, stage decor, food presentation, rentals, new concepts, etc…
– A percentage of the whole job

Wedding and Event Invitation designers

– Flat fee of design
– Cost of design samples
– Cost of materials
– Calligraphy
– Cost of mailing

Wedding and Event Cake design

– Cost per person
– Cost of additional decorations
– Cost of cake sizes
– Cost of transportation and installation

Wedding and Event DJ

– Flat Fee
– Time of event set up and breakdown

Dear Readers, what is your pricing strategy? What works best for you? Have I forgotten any pertinent details? Don’t worry! I know I’ve left out caterers and photographers among others; this post is only part one. Be sure to check back on Wednesday for my next pricing post!