{"id":83238,"date":"2023-02-27T11:59:46","date_gmt":"2023-02-27T19:59:46","guid":{"rendered":"https:\/\/honeybook-blog.site.strattic.io\/?p=83238"},"modified":"2023-09-28T02:22:31","modified_gmt":"2023-09-28T09:22:31","slug":"event-planner-hourly-rates","status":"publish","type":"post","link":"https:\/\/hbb.dev.reliablepenguin.com\/blog\/event-planner-hourly-rates","title":{"rendered":"Event planner hourly rates: how to set yours"},"content":{"rendered":"\n<p class=\"has-text-align-center\"><em><em><em>Starting your own business is challenging but rewarding. Learn about average hourly rates for event planners, and pick up the skills you need to set your own rates like a pro.&nbsp;<\/em><\/em><\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"793\" src=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/03\/event-planner-rates-feature-1024x793.jpg.webp\" alt=\"\" class=\"wp-image-83239\" srcset=\"https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/03\/event-planner-rates-feature-1024x793.jpg.webp 1024w, https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/03\/event-planner-rates-feature-1024x793.jpg-300x232.webp 300w, https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/03\/event-planner-rates-feature-1024x793.jpg-768x595.webp 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Starting your own business can be a challenging task, but the thrill of turning your passion into a thriving enterprise makes it all worth it. When you run an event planning business, it can be even more demanding. Not only are you expected to plan events and run your business, but you also have to support your clients through some of the most special days of their lives. Talk about stress.&nbsp;<\/p>\n\n\n\n<p>One of the most important things you can do before you get into the nitty-gritty of running your business is to set your rates. This is a crucial first step because you can\u2019t take on new clients until you know how to negotiate a budget. And you can\u2019t negotiate a budget if you don\u2019t know where to start.&nbsp;<\/p>\n\n\n\n<p>If that sounds like a lot, it\u2019s okay. Take a deep breath, grab a mug of your favorite hot beverage, and relax. We\u2019re here to walk you through the average salaries for event planners, as well as strategies for setting an hourly rate that makes sense for you.&nbsp;<\/p>\n\n\n\n<p><strong>Jump to: <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"#rate\">Should you use an hourly rate as an event planner?<\/a><\/li>\n\n\n\n<li><a href=\"#salaries\">What are the average salaries for event planners?<\/a><\/li>\n\n\n\n<li><a href=\"#determine\">How should you determine your event planner hourly rates?<\/a><\/li>\n<\/ul>\n\n\n\n<a id=\"rate\"><\/a>\n\n\n\n<h2 class=\"wp-block-heading\">Should you use an hourly rate as an event planner?&nbsp;<\/h2>\n\n\n\n<p>Before you <a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/price-event-planning-services\">set your prices<\/a>, you&#8217;ll want to determine&nbsp;<em>how&nbsp;you want <\/em>to charge your clients. You can charge per hour, per day, or per event. However, we recommend an hourly rate, especially if you\u2019re just starting your event planning business.&nbsp;<\/p>\n\n\n\n<p>One reason charging hourly rates works so well is because it allows you to get paid for the work you put into a project. This means that when you\u2019re working with high-demand clients who require you to put in a lot of extra effort to meet their needs, you get paid for the extra effort you\u2019re putting in. You can put in as much work as it takes to get a job done correctly without sacrificing your bottom line to do it. By putting in the exact right amount of time for each job, you wind up with:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>More satisfied customers \ud83d\udc4d<\/li>\n\n\n\n<li>Better reviews \ud83d\udcdd<\/li>\n\n\n\n<li>Increased client loyalty \ud83e\udd42<\/li>\n<\/ul>\n\n\n\n<p>Having an hourly rate also means you can say yes to more types of projects while also setting clear boundaries with your clients. The key to doing this successfully is to know how to communicate your rate with your clients, and how to re-communicate that rate at each step in the process.&nbsp;<\/p>\n\n\n\n<p>For example, consider a wedding planner whose client wants them to create the seating chart for their wedding based on a set of strict guidelines regarding which relatives need to sit together. A wedding planner charging a flat rate for planning a wedding would have one of three options:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Tell the client \u201cno\u201d because the seating chart wasn\u2019t included in the initial estimate. This protects the client\u2019s budget but could lead to frustration, dissatisfaction, and poor reviews.&nbsp;<\/li>\n\n\n\n<li>Tell the client \u201cyes\u201d despite the fact that the seating chart wasn\u2019t included in the initial estimate. This can lead to positive reviews, but you may find yourself feeling overworked and undervalued, especially if you go above and beyond for every client.&nbsp;<\/li>\n\n\n\n<li>Tell the client \u201cyes\u201d but increase the amount of money you charge. This can be frustrating for clients and may lead to complaints about hidden fees.<\/li>\n<\/ul>\n\n\n\n<p>A wedding planner that charges an hourly rate, on the other hand, doesn&#8217;t have to worry about these types of requests because added work will likely amount to added time. So when a client knows a planner charges by the hour and adds an additional request, they tend to expect that the fee will increase accordingly. The wedding planner&#8217;s response to the request might go something like this:&nbsp;<\/p>\n\n\n\n<p>\u201cI can absolutely do that seating charge for you. I estimate that will take me X hours. This means your bill for this project will increase by X amount. If that works for you, I will create an updated estimate for your records.\u201d&nbsp;<\/p>\n\n\n\n<a id=\"salaries\"><\/a>\n\n\n\n<h2 class=\"wp-block-heading\">What are the average salaries for event planners?&nbsp;<\/h2>\n\n\n\n<p>The average salary for event planners isn\u2019t the only thing you should consider when deciding your hourly rates. But event planner hourly rates in your area can be a great jumping-off point. As you use other strategies to help you determine the best hourly rate to charge, you can compare to average event planner salaries to decide if the rate you\u2019ve landed on is reasonable.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Factors to consider when analyzing average salaries<\/h3>\n\n\n\n<p>One reason national salary averages can be tricky is that prices vary across the country. For example, a wedding planner in Los Angeles is going to be able to charge a lot more than a wedding planner in rural Maine.&nbsp;<\/p>\n\n\n\n<p>Experience&nbsp;is<em>&nbsp;<\/em>another major factor when determining a good starting salary. First-time event planners may need to charge lower rates \u2014 or even work pro bono \u2014 just to get some experience in the field and to generate some online reviews of their services.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Average event planner hourly rates by specialty<\/h3>\n\n\n\n<p>Another major factor when looking at event planner hourly rates is your specialty. Just as tax attorneys can expect to make more money than public defenders, your event planner subtype will help determine your earning potential. We went on&nbsp;<a href=\"https:\/\/www.salary.com\/\">Salary.com<\/a> to find the average hourly rates for each type of event planner.&nbsp;Keep in mind that these are just an average, without account for the factors we mentioned above. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Type of Event Planner<\/strong><\/td><td><strong>Average Hourly Rate per Salary.com<\/strong><\/td><\/tr><tr><td>Wedding Planners<\/td><td><a href=\"https:\/\/www.salary.com\/research\/salary\/alternate\/wedding-and-events-manager-salary\">$18\/hour<\/a><\/td><\/tr><tr><td>Corporate Planners<\/td><td><a href=\"https:\/\/www.salary.com\/research\/salary\/recruiting\/corporate-event-planner-hourly-wages\">$30\/hour<\/a><\/td><\/tr><tr><td>Catering Services Planners<\/td><td><a href=\"https:\/\/www.salary.com\/research\/salary\/recruiting\/catering-event-coordinator-hourly-wages#:~:text=How%20much%20does%20a%20Catering,falls%20between%20%2419%20and%20%2423.\">$20\/hour<\/a><\/td><\/tr><tr><td>Private Party Planners<\/td><td><a href=\"https:\/\/www.salary.com\/research\/salary\/benchmark\/meeting-event-planner-i-hourly-wages#:~:text=The%20average%20hourly%20wage%20for,falls%20between%20%2425%20and%20%2431.\">$28\/hour<\/a><\/td><\/tr><tr><td>General Event Planners<\/td><td><a href=\"https:\/\/www.salary.com\/research\/salary\/listing\/events-planner-hourly-wages\">$23\/hour<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<a id=\"determine\"><\/a>\n\n\n\n<h2 class=\"wp-block-heading\">How should you determine your event planner hourly rates?&nbsp;<\/h2>\n\n\n\n<p>The positive and negative thing about setting your own budget is just that: you set it yourself. So how do you determine how much to charge?&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Start with your financial needs<\/h3>\n\n\n\n<p>Your first step is to figure out how much money you need to be making to live comfortably. Take a look at your monthly bills, as well as the cost of lifestyle preferences like Netflix accounts or Takeout orders. Remember to consider what it\u2019s going to take to pay&nbsp;<a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/self-employment-tax-social-security-and-medicare-taxes#:~:text=The%20self%2Demployment%20tax%20rate,for%20Medicare%20(hospital%20insurance).\">self-employment taxes<\/a> on your income at the end of the year, and work that into your budget. You may also want to consider budgeting for long-term goals like healthcare or retirement.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Determine your number of billable hours per week<\/h3>\n\n\n\n<p>Once you know your needs, your next step is to figure out how many billable hours you have each week.<\/p>\n\n\n\n<p>You may be planning to work full-time (40 hours per week), but you probably can\u2019t charge for all of those hours. Time spent advertising, applying to jobs on job boards, and interviewing potential clients is necessary to keep your business afloat. But when you run your own business, you don\u2019t get paid to complete those mandatory tasks.&nbsp;<\/p>\n\n\n\n<p>At first, you may have to estimate how many billable hours you\u2019ll have each week. You can adjust your numbers for future clients once you have a better idea of how much time you\u2019ll spend on billable vs. non-billable tasks.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Figure out your preferred rate range<\/h3>\n\n\n\n<p>Once you know how much money you need to make per week and how many billable hours you plan to work each week, it&#8217;s a simple division to determine what you need to charge clients. The formula for this is:<\/p>\n\n\n\n<p>NEED \/ HOURS = RATE<\/p>\n\n\n\n<p>Let\u2019s pretend, for example, that you\u2019ve determined that you need to make $1800-$2500 per month to thrive, and you expect to work 20 billable hours per week.&nbsp;<\/p>\n\n\n\n<p>$1,800 \/ 4.33 (the number of weeks in a month) = $415.70. This is the&nbsp;<strong>minimum&nbsp;<\/strong>amount you need to make in a week.&nbsp;<\/p>\n\n\n\n<p>$2,500 \/ 4.33 = $577.37. This is your&nbsp;<strong>preferred&nbsp;<\/strong>amount per week.&nbsp;<\/p>\n\n\n\n<p>To make $415.70 at 20 hours per week, your equation would be: $415.70 \/ 20. Typing this into a calculator, you find that you would need to charge $20.78 per hour to meet your minimum needs.&nbsp;<\/p>\n\n\n\n<p>To make $577.37 at 20 hours a week, your equation would be: $577.37 \/ 20. This comes out to $28.87 per hour.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Compare your preferred rate to going rates in your area<\/h3>\n\n\n\n<p>Once you know what you need to be making, you can compare that number to going rates in your area to see if they make sense. Based on our chart above, we can see that charging $21-$29 is right on target if you\u2019re a private party planner or a corporate planner. But if you\u2019re a wedding planner, you might be in trouble.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Make adjustments as you go<\/h3>\n\n\n\n<p>There are two major times to make adjustments to what you charge: before you start your business and after you\u2019ve learned your true expenses.&nbsp;<\/p>\n\n\n\n<p>Before you start your business, you might realize that what you need to charge to stay afloat doesn\u2019t match what you can reasonably charge for your services. If that\u2019s the case, you can:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Find ways to reduce expenses so that you don\u2019t need to make as much money every month<\/li>\n\n\n\n<li>Look for ways to increase your billable hours each month<\/li>\n\n\n\n<li>Pick up a part-time job to supplement the money you\u2019re making as an event planner<\/li>\n<\/ul>\n\n\n\n<p>Once you\u2019ve started your business, you may need to adjust your pricing. If clients consistently complain that you\u2019re charging too much, for example, you may need to cut costs and adjust prices so you can continue <a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/how-to-get-clients-for-event-planning\">getting more clients<\/a>. On the other hand, you may need to increase your hourly rates if you don\u2019t have as many billable hours per week as you think you should, or if your expenses increase due to factors like inflation.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Get your event planning business off to the right start with competitive rates&nbsp;<\/h2>\n\n\n\n<p>Once you\u2019ve figured out how to set competitive rates for your clients, the next step is to begin creating professional estimates and invoices. HoneyBook can help! As a <a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/\">clientflow management platform<\/a>, it provides an all-in-one system where you can communicate with clients, manage documents, schedule meetings, and even <a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/process-for-collecting-payments\">collecting payments<\/a>. <\/p>\n\n\n\n<p>Particularly for <a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/software-for-event-planners\">event planners<\/a>, HoneyBook offers many of the tools you need in your day-to-day, such as <a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/event-planner-contract-template\">contracts<\/a>, invoices, <a href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/online-payment-software\">online payment software<\/a>, lead capture, timelines, and more!<\/p>\n\n\n\n<div class=\"banner banner--dark banner--sparkles\">\n<div class=\"banner__text-container\">\n<h2 class=\"banner__title\">Grow your event planning business with HoneyBook!<\/h2>\n<a class=\"banner__cta\" href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/software-for-event-planners\">Start free trial<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Starting your own business is challenging but rewarding. Learn about average hourly rates for event planners, and pick up the skills you need to set your own rates like a pro.&nbsp; Starting your own business can be a challenging task, but the thrill of turning your passion into a thriving enterprise makes it all worth [&hellip;]<\/p>\n","protected":false},"author":850,"featured_media":83239,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26],"tags":[474,477,264,86],"class_list":["post-83238","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-tips","tag-business-strategy","tag-payments","tag-pricing","tag-time-management"],"acf":[],"featured_image_urls_v2":{"full":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/03\/event-planner-rates-feature-1024x793.jpg.webp",1024,793,false],"thumbnail":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/03\/event-planner-rates-feature-1024x793.jpg-150x150.webp",150,150,true],"medium":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/03\/event-planner-rates-feature-1024x793.jpg-300x232.webp",300,232,true],"medium_large":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/03\/event-planner-rates-feature-1024x793.jpg-768x595.webp",768,595,true],"large":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/03\/event-planner-rates-feature-1024x793.jpg.webp",1024,793,false],"1536x1536":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/03\/event-planner-rates-feature-1024x793.jpg.webp",1024,793,false],"2048x2048":["https:\/\/hbb.dev.reliablepenguin.com\/blog\/wp-content\/uploads\/2023\/03\/event-planner-rates-feature-1024x793.jpg.webp",1024,793,false]},"post_excerpt_stackable_v2":"<p>Starting your own business is challenging but rewarding. Learn about average hourly rates for event planners, and pick up the skills you need to set your own rates like a pro.&nbsp; Starting your own business can be a challenging task, but the thrill of turning your passion into a thriving enterprise makes it all worth it. When you run an event planning business, it can be even more demanding. Not only are you expected to plan events and run your business, but you also have to support your clients through some of the most special days of their lives. Talk&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/hbb.dev.reliablepenguin.com\/blog\/category\/finance-tips\" rel=\"category tag\">Finance tips<\/a>","author_info_v2":{"name":"Cait Carter","url":"https:\/\/hbb.dev.reliablepenguin.com\/blog\/author\/cait-carter"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Event Planner Hourly Rates: How to Set Yours | HoneyBook<\/title>\n<meta name=\"description\" content=\"Learn how to set your event planner hourly rates so you can ensure you&#039;re getting paid fairly for your work.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/event-planner-hourly-rates\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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Carter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/hbbadmin.dev.reliablepenguin.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9aef231c7245b56e06be5a3189b8d1be0fa6b3e6ce34d453c206bbe78828c873?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9aef231c7245b56e06be5a3189b8d1be0fa6b3e6ce34d453c206bbe78828c873?s=96&d=mm&r=g\",\"caption\":\"Cait Carter\"},\"description\":\"Cait Carter is a full-time freelance writer. 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