A quick update on my fundraising event: As I am new to the vents planning and organising industry, the prospect of the second venue was a little overwhelming after speaking to the venue owner and discussing things in more detail. He gave me very positive feedback and fully supported the idea (even offered a VIP booth with 2 bottles of Grey Goose vodka and mixers for up to 5 people) but after speaking more and taking into consideration the clubs reputation and bookings so far, he was unable to provide a Friday, Saturday or Monday as they are the busiest nights and have events booked up for quite some time. I have resorted to the original plan of holding the event on one night in one venue and devoted time and resources to help gain the event as much exposure as possible. I have a meeting with the owner some time over the next few days to discuss things in more detail and come up with a suitable date for the event.
I am very much looking forward to the event and believe my dedication and passion will make it a huge success! However, in regards to my business module as a whole, I am currently working through an online course via the Princes’ trust and I have a dedicated mentor. The scope of the events planning and organising industry is much much bigger than I first imagined. So many things I need help with that I am struggling with (even by conducting research).
The biggest one is finding a suitable pricing structure and also, pricing strategy. As I will be outsourcing vendors to cater for prospective clients, I need to develop my own pricing structure and strategy. I fully appreciate many factors can have an affect on that such as area of operation, demographics including average wages etc etc…
I need help with the basics. Ideally, I would like for someone in the industry already to be sort of a mentor and someone who would be willing to share what their strategies are (preferably someone out of my region as I don’t want to infringe on their area of operation, clientele)
So many things are running through my mind and I just need someone who can help clear the basics up so I can reflect and build on a basic structure.
Any help I can receive will be appreciated beyond belief!