Are you about to calculate your price as a party planner?
Then keep reading because there are some things you should know. You’ve spent years mastering your craft. Your work is high-end, your clients are happy and your Instagram looks like a curated gallery. But there’s a quiet, frustrating reality you aren’t posting about: Your bank account doesn’t reflect your expertise.
After taxes, subscriptions and insurance there is barely enough left to pay yourself a “real” salary. Yes, your work is praised on Instagram and your talent is definitely at a premium level, but in reality your business is not.
The Facebook Trap
The biggest mistake creative entrepreneurs make is asking Facebook groups what they would pay for their services. When you look at what your competitors are charging and price yourself somewhere in the middle, you are inheriting their financial mess. You don’t know their overhead. You don’t know if they are drowning in debt or if they are living off a partner’s income.
Math Doesn’t Have Emotions
Next time you send an offer, don’t look at it as a price tag on you. Look at it as the cost of the result. When you focus on the value the client receives (saved time, more revenue, beautiful memories), the number on the page stops being scary and starts being a fair exchange. And I can even make it easier for you! Check out the freebie below.
The Transformation Starts with a Calculation
This is exactly why calculating your prices gives peace of mind. When you stop wondering if you’re making a profit and start knowing exactly how every project contributes to your life, you gain a level of confidence that no “market rate” can ever give you. You have already done the hard work of becoming an expert. Now it is time to give yourself the financial benefits you deserve.
This is the first step toward the business side of your craft. If you’re ready to stop undercharging and start building a serious party business, it’s time to get honest about your numbers.
