Event Planning Business

Business Idea: Start An Event Planning Business in 2024

Updated: October 2nd, 2024

Avg Monthly Revenue
$155K
Avg Startup Costs
$14.3K
Score
79
Avg Revenue
Min Revenue
$20K/month
Max Revenue
$500K/month
Avg Days To Build
90 days

Event planners handle different tasks related to making the business a success. Some of the event planner’s responsibilities include:

  • Conducting research
  • Creating the event design
  • Finding an ideal site
  • Arranging for food, dΓ©cor, and entertainment
  • Planning logistics to and from the event
  • Sending invitations
  • Supervising at the site etc

To start this business on a budget, begin by honing your organizational and communication skills.

Next, create a detailed business plan outlining your services, target market, and pricing structure.

Utilize free or low-cost online tools for marketing, and consider starting small by offering services for smaller events before expanding your business as you gain experience and resources.

Revenue & Profitability

How much do event planning businesses make?

Startup Costs

How much does it cost to start an event planning business?

  • It can cost as low as $25 to start an event planning business.
  • It can cost as high as $50,000 to start an event planning business.

Learn more about the costs of an event planning business.

Examples Of Successful Event Planning Businesses

Successful event planning business businesses and case studies

A successful ticketing platform that grew from a side project into a business that issues over 5 million tickets annually, using a combination of cold calling, word of mouth, and partnerships to attract and retain customers while navigating the challenges of COVID-19.

$500K Monthly Revenue
$1K Startup Costs
Read by 11,073 founders

From a booth at a flea market to a 400k/month revenue generator, learn how this event production company pivoted to focus on corporate events, garnered top private companies recognition by Inc., and reinvented itself through virtual offerings in response to the COVID-19 pandemic.

$400K Monthly Revenue
$27.4K Startup Costs
Read by 7,589 founders

See full list of successful event planning businesses.