How to Start a Party Decorating Business
A big part of throwing a party is the decorations. These items can range from furnishings and decor to table settings and party favors.
Establish Which Niche You Want to Get Into…
As a party decorator, you can specialize in the types of events your decorate (ie. weddings, themed events, children’s parties) or you can focus on a certain type of decorations, like balloon decorating or holiday tree lighting.
Specializing in a particular area lets people know that you are an expert and can better help them achieve their goals.
Getting Supplies:
Being able to get supplies and materials you need at discounted prices will enable you to price your services competitively and grow your profits. Partnering with a supplier, a local shop or purchasing items in bulk can all help you minimize expenses. Also investing in items that you can re-use will help your bottom line.
Opening a Party Supply Store:
Alternatively, you can open your own party supply store. This can be more expensive to start, but gives you the additional benefit of a storefront with which you can advertise. You can also find party supply stores for sale online at sites like BizBuySell.com, some shops have seller financing available.
You can sell and/or rent party supplies and decorations, plus have a consultant on site to offer decorating ideas and services to customers. This page explains how to start your own party supply store. Note: you will want to look into business insurance, especially if you are renting equipment to customers.
Partnering with Others to Get Clients… Continued
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