this post was submitted on 26 Nov 2023
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Event Management in Southern California. We do any type of events but most popular in weddings, bachelorette parties, engagement parties, and brunches. I absolutely love what I do and enjoy working, it’s a newer niche so it mildly saturated and my “competition” is so out of my league it’s negligible. I’ve owned the company for 8 months after purchasing it earlier this year. Business was been around for nearly 3 years with great reputation that has stayed since my ownership. Revenue varies between 6k-15k with no ad spend and i’m averaging between 40%-50% margins. Not an online business. I personally would say its hard for people to replicate correctly, most see what I do and think they could do it themselves but those are the same “competitors” who come and go within 6-12 months. Social media is a pretty big component to our organic traffic that we get but we get tons of referrals and word of mouth bookings. I plan on spending on ads rolling into the new year now that I’ve rebuilt our website, systems, and SOPs for the last 7 months. This month only had 2 booking but translated to about $5500 net since they were both larger parties. We normally do about 5-15 booking per month but some of those might only bring in $500-1k in revenue if it’s a smaller event. Please ignore any typos or weird sentences I typed this on my phone, I’ll answer any questions if anyone has any.
How much time you spend on average during the month or during the day to organize such events for the month? 🤔