What do event planning companies do?
Event companies structure and event, coordinate all of the moving parts and makes sure everyone features an experience. Also called convention and meeting planners, they are doing everything involved in ensuring these events go smoothly, including choosing locations, hiring caterers, entertainment, and other vendors. they’ll also arrange lodging and transportation for attendees.
Organizations, businesses, and individuals often believe the services of event planners to coordinate conventions, business meetings, trade shows, and personal parties. Those whose area of experience is wedding planning are called bridal consultants or wedding planners.
What are the 4 sorts of event companies?
Trade Shows
Event planning for trade shows includes assigning support rates for counter space, advertising, promotion, and speaking opportunities where company leadership can speak. Trade shows are held in large spaces, showcasing the products and services of often many vendors.
Golf Events
As with the manager retreat, the thought is to offer people within the organization a venue where they’re going to be ready to build relationships during a relaxed environment. there’s a reason that the phrase “deals are sealed on the green” was coined.
Appreciation Events
There are limitless possibilities and kinds of appreciation events that organizations hold throughout the year. Common programs include:
- Dinner and theater
- Day at the racetrack
- Suites at sporting arenas
- Day and evening cruises
- Private parties at music festivals
- Holiday parties
- Tickets to a preferred event
Team-Building Events
Outdoor and physical group activities epitomize corporate team-building events. In fact, companies all around the nation concentrate on hosting team-building events in intricate indoor and outdoor courses of their own design. Team-building events also can include workshops about emotions within the workplace also as sensitivity training.
How do event companies make money?
It’s important to account for the various hours you set into your business and therefore the tasks that nobody pays for. As an occasion planner, you spend time on tasks, like:
- Research
- Writing event planning blog posts and newsletters or RFPs
- Networking with industry professionals, potential clients and vendors
- Negotiating with suppliers
- Preparing for client appointments
- Answering potential clients’ questions earlier
- Scheduling and re-scheduling appointments
- Traveling to and from meetings
- Follow up calls (before, during and after the event)
- Keeping track of client expenses
- Bookkeeping
- Shopping for supplies
In order to possess clients hire you and make Money as an occasion planner, you would like to account for your work hours outside of every event and charge accordingly.
Don’t fall under the trap of feeling embarrassed about your rates or expertise or into the trap of thinking you lack the talents or experience to charge what you’re worth. If you discover yourself making these excuses, otherwise you hear yourself say “it’s a slow economy so my clients aren’t getting to spend money on my services,” or “I don’t have enough experience to charge for my services…”.Consider this…
If hiring you to plan your client’s event saves them time and money, what proportion is it worth to them? Event planning is an investment with a potentially significant return for your client. Consider this when determining your rates and the way much money you ought to charge as an occasion planner.
Who are the best event companies in the world?
Perfect Event
With an extensive career in events, Debi Lilly helps clients escape from reality with masterful event design. Beyond event production and design, the company also owns an intimate event spaced called the DL Lounge. Debi is known for serving high-profile clients. Her most renowned event? Oprah’s on-air birthday party.
Branch: Vietnam
Founded Year: 2014
MKG
Big brands address MKG once they got to create spectacular product launches, Instagram-worthy environments, and unforgettable “brand experiences.” This agency doesn’t produce run-of-the-mill events. Glance at their website and you’ll see hot-dog seesaws, ball pits for adults, and life-size art installations.
Branch: South Korea
Eventive is one of the best event companies in the world
Eventive focuses on brand management and brings brands to life with events. The team places a special focus on breaking boundaries for their corporate clients. Eventive’s creativity highlights the company mission while delivering a fantastic event experience.
Branch: New Zealand
Founded Year: 2000
Oren Co is one of the famous event companies around the world
Founder, President, and CCO Bryan Rafanelli are one of the highest celebrity wedding planners — he’s best-known for organizing Chelsea Clinton’s top-secret 2010. His company plans over 100 events during a year, listening to all or any the small print and giving their high-profile clients peace of mind. In his own words, the goal is to “try to inform a story.”
Branch: Singapore
Founded Year: 2013
Wonderland
Events by Wonderland have a more upbeat, modern, and young vibe than other tenured companies. Wonderland may be a “creative-led experiential” event company that’s worked with luxury, travel, retail, technology, and other brand verticals for over 15 years.
Branch: Thailand
Conclusion
Even when physical events are back fully swinging, we expect a surge within the popularity of virtual and hybrid events. With the shortage of a vaccine and fears of a second outbreak, event organizers are going to be wary of holding large conferences. Many organizers are already acquiring resources to spice up the attendance and quality of their virtual events.
Before the Coronavirus pandemic, virtual conferencing was an afterthought thanks to the necessity for human interaction. However, hybrid events are getting a well-liked way of conducting events without jeopardizing the security of guests. Hybrid events enable alittle group to attend a face-to-face discussion and involve a broad audience through multiple digital channels. aside from enhancing the experience of virtual conferences, they supply global outreach. Guests from around the globe can convene and hear the round table discussion from experts; they will also contribute and interact with other invitees.
Hosting events is going to be challenging after the pandemic. for many organizers, the danger component is unbearable and virtual, and hybrid solutions are going to be a part of the new normal. However, with the proper measures and involvement of health and safety experts, and guidelines in situ, we’ll be ready to organize, host or attend live events.
