Are you considering starting an event planning business in Nigeria? Do you know what it takes to put up such a business as that? Event planning business is a full industry on it own that requires adequate and a holistic business plan, with an excellent networking system.
The most interesting part of this business is that you can start this business right from wherever you are. If you can not afford to rent an office, you can as well do it from home. You can also do it as part-time biz for earning extra income.
Event Planning Business In Nigeria
This article will show you how to start a successful event planning business in Nigeria, plus how much you can earn from it.
There are many opportunities you can explore in the event planning industry as people at one point in their lives always have different reasons to celebrate. There may be someone getting married today, or the next day it could be chiefstancy and so on like that. People will always have one reason or the other to want to celebrate.
And the good part is that they always want to hire a good event planner who can give their event the success and spotlight it deserves.
There are people in this industry that have already made their fortune from this business. And you too can replicate the same feats. The market is wide open for any player who is ready to take this business to the next level.
An average event planners earn as much as N100,000 to N150,000 Naira per event and who says you can’t earn these every week. You only have to take this niche seriously as its a very lucrative business to do. It will also amaze to know that you can start this business with just N20,000. With N20,000 you can make as much as N100,000 to N150,000 in one party!
What You Need To Know About Event Planning Business In Nigeria
Many clients look out to hiring professional event planners because it assures them that they are dealing with someone who is well-experienced in the field. For instance, if you want to be a wedding designer, get experience in floral design, lighting design, and designing and executing themes.
You need to also hire some professionals to make the event colourful and successful. Find these guys through recommendations or from the social media. These must be people that have proven to be successful in their job. You need these team to carry out some:
- Photography
- Decorating of venue
- Videography
- Cake
- Accessories
- Caterers
- Transportation
- Invitation Cards
- Entertainment (MC, Music and Dance)
- Wedding Reception Venue
- Bride and Groom clothing
- Invitation Cards
- Travels and Honeymoon
- Guests accommodations
- Bridal Showers and Bachelor night Party
- ETCs
How To Plan A Successful Event Planning Business In Nigeria
The event planning business is a lucrative business that requires little or no capital to starting it. The remarkable aspect of this business is that there is no limitation to how much you can make weekly or monthly. The industry is large enough for everybody to come and make money.
But, to be successful in this line business, you should have a PLAN. They say without a plan, you plan to fail. That also can be applied to this business.
Without much ado, here are a few helpful tips that will assist you in planning a successful event planning business in Nigeria.
First and foremost, When starting out on this business, you would like to spend most of your time getting to understand how it will be successful. Have you ever thought of attending some events such as weddings, corporate parties or dinners just to understand how this business work?
You can even attach yourself or offer to volunteer yourself to any of these experienced and successful event planners who know the in and out of this business to understand how it works.
Secondly, when you first launch your business, its advisable to start small and don’t plunge yourself into expensive advertising and marketing programs.
But, you can take your business to the next level by opening a Facebook /Twitter business page to start creating awareness. You can join business organizations, wedding event planner associations and social groups where you can meet brides or people with whom you can exchange referrals with.
Another important tip to be successful in this business would be to get a very good location that has a continuous stream of traffic. That’s for those that have the ability to rent an outlet or a shop. But ensure that your monthly or yearly rent is in-line with your business plans projected profit so that you don’t run at a loss eventually.
Finally, Providing a good customer service and experience is key to a successful business, but it doesn’t come naturally to all business owners.
If you want to build a sustainable business you should learn to handle customers complaints a lot. Customers are known to be the king of any business, but keeping your customers can be very tasking but a rewarding idea.
Conclusively, this business is so simple and takes no time to start. And what stops you from starting right away. If you are looking for any business to start with low capital and great financial reward, this is your best bet!!!
