Monday, October 6, 2008

On Opportunity

"Opportunity is missed by most people because it is dressed in overalls and looks like work."
- Thomas Edison

2 comments:

Kelli Olvera said...

I need help, Liene! I am in the middle of making a decision to raise my prices. But, I don't know what to raise them to. I thought maybe you would have some advice.

I am fairly new in the biz, so I can't charge based on loads of experience. But, I am young and I am full of ideas. I am pretty innovative in my area and I do a lot of things that other planners are not. I like to keep up with the trends. I'm a trendy planner. When most people hire me it is because of my youth and creative ideas.

I really am good at this, but I really need to charge more money to make it profitable. I need to get a truck to haul things around and I need to pay my help for setup and teardown.

Right now for weddings and other big events I charge 17% of the budget. I like the percentage because it allows me to do smaller events and honestly, I love parties waaaaaaaaaay more than weddings. I feel if I went with a flat $5000 fee, I wouldn't be able to do a lot of the cool parties I like. I was considering a percentage for some budgets and a flat rate for higher budgets. Maybe that's too difficult.

Please help me out!
Kelli Olvera
kelli@socialbutterflyevents.net

Pretty Bride said...

such a great quote... i've never heard that one before...

ps... love your site!