UNDERSTANDING THE PRIMARY PRICING MODELS
YOU HAVE A BUDGET, HOW DO YOU MAKE THE BEST OF YOUR PLANNING INVESTMENT?
Wedding planners and coordinators are one group of service providers who might offer you percentage pricing versus set fee and/or hourly rates. Here's the short description of each and the advantages you could see -- ALWAYS ASK WHAT SERVICES ARE INCLUDED with any vendor and read your contracts thoroughly.
Percentage pricing is commonly offered for "full service" packages and are based on the overall cost of your wedding. If a percentage model is offered, ask the vendor what percentage they typically work from and calculate the cost of the services along with the listed services so that you can decide if this pricing works for you. Here's a little known hint: wedding planning fees typically run somewhere between 8-15% of your total wedding budget regardless of the model.
Set-fee is also common, that is, you may see "Package fee XYZ is $2,500." Ask yourself if you know what is included in this package and if you will need add-ons. If a planner states, "Packages begin at..." then you know that the vendor has planned for a set group of services at a specific level and expects to add to that to meet your needs.
Hourly rates and a la carte menu options are typically used to tailor packages, however, some vendors use this model as their primary price offering. Be sure you are getting everything you need when you opt for this model, it's easy to miss services if you haven't created a very detailed list in advance.
AT PEARL EVENTS COLORADO we assist you with all the financial decisions necessary to bring your vision to reality within your budget. Contact us today at pearleventsco@gmail.com 303 949 7909
