Wedding Planner Business in India 2024, Plan, Model, Templates, Investment, Profit, License and Registration, Marketing
Fueled by the upward trend of urbanization, growing disposable incomes, the emergence of wedding technology (wed-tech), and the significant impact of social media, the wedding industry has now become the fourth largest in India. In 2023, the industry recorded earnings of Rs 4.74 trillion, showcasing a notable 26.4% surge compared to the figures from the previous year, 2024. This trend to be the “talk of the town” has been requiring some assistance and that’s where you, a Wedding planning service, could jump in.
Wedding Planner Business in India 2024
To start a wedding planner business, you have to follow the points given below. This will make it easier for you to start this business.
Market potential
A wedding planning services business provides a hired service enabling individuals to enlist a team of professionals for assistance with the financial, event, design, planning, and management aspects of their wedding. The vast market potential is attributed to the diversity in India, where nine religions and approximately 3000 castes and sub-castes each bring their own unique traditions, cultures, and rituals. Moreover, the desire of individuals to make their weddings exceptionally memorable and perfect contributes to the high demand for wedding planning services. This demand is expected to drive the market to reach $1.6 trillion by the end of 2023. Another significant factor is the constant occurrence of marriages across different periods, ensuring a continuous need for such services. Furthermore, the societal inclination to showcase social standing through elaborate weddings enhances the business’s potential, despite the underlying intention of celebrating the occasion as the “most memorable moment of their lives.”
License required for Wedding Planning Business
- Registration as a PVT LTD, under MAC and ROC
- GST registration
- Aadhar card and PAN card
The services you’ll be providing as a wedding planner would be:
- Budget management
- Vendor management
- Event timeline
- Proposal planning
- Pre-wedding photography
- Out of town wedding guests
- Luxury destination weddings
- Honeymoon packages
- Wedding guest lists
- Permission and licenses
- Event choreography
- Entertainment
- Bridal make up
- Bridal shower and bachelorette planning
- Entertainment
- Favours and gifts
- Security and valet
- Transportation
- Weddings and event outfits for bride and groom
Investment required
The investment you require to set up this business entirely depends on
- The types of wedding service you choose
- The budget of the wedding you are planning
However, a typical investment of ₹4 lakhs – ₹12 lakhs is minimum for you to set up your
- Team
- Laptops and other coordinators
- Website
How much Profits will you earn?
The profits one can earn from this business depends on the budget of the wedding they planning. A typical ₹5 lakh – ₹20 lakh wedding could get you a profit of ₹4 lakh per month.
Marketing Strategy for Promotion
Every thriving business originates from a robust marketing strategy. If you’ve embarked on event planning, it’s crucial to initiate your marketing efforts. Effective techniques for promoting your business in 2024 encompass word of mouth, establishing a concise website, and actively engaging on social media platforms such as Instagram and Facebook.
Do We Need A Degree To Be A Wedding Planner?
No we don’t required any specific degree for planning a wedding but you can attend some workshops to learn all important and different ideas to make your wedding business
How To Be A Successful Wedding Planner?
Becoming a successful wedding planner entails a multifaceted approach that combines education, networking, and essential skills. First and foremost, acquiring formal education in event planning or a related field lays a strong foundation. Building a comprehensive portfolio that showcases your creativity and expertise is vital, accompanied by positive testimonials from satisfied clients. Networking within the wedding industry, attending events, and establishing connections with vendors contribute to a robust professional network. Staying abreast of the latest wedding trends and styles ensures that your services remain current and appealing. Effective communication skills are essential, not only in dealing with clients but also in coordinating with vendors and the wedding party. Organizational prowess, attention to detail, and problem-solving abilities are crucial for managing the myriad aspects of wedding planning. Adaptability and flexibility come into play as unexpected challenges often arise. Successful wedding planners also invest in marketing and branding, utilizing online platforms and showcasing their work to attract clients. Prioritizing excellent customer service and continuous learning ensures positive experiences for clients and ongoing success in the dynamic field of wedding planning.
How to Organize an Eco-Friendly Wedding in India?
Celebrated as one of the most significant events in society, weddings mark a pivotal day in an individual’s life. The desire to create lasting memories often drives people to invest heavily in their wedding celebrations. However, in the pursuit of a perfect and memorable day, many individuals tend to make impulsive purchases, resulting in a substantial amount of waste.
Over the years, weddings have evolved into extravagant affairs. Unfortunately, amidst the grandeur, it is easy to overlook the environmental impact of such extravagance. A considerable amount of waste, comprising both biodegradable and non-biodegradable materials, is generated as a byproduct of these celebrations. From paper goods to torn flowers, excess food, plastic waste, and various other disposable items, weddings contribute significantly to environmental issues.
It may be challenging to figure out, but the waste generated from weddings plays a notable role in the global carbon footprint and adds to the burden of landfills. As we strive to create unforgettable wedding moments, it’s crucial to be mindful of the environmental consequences and explore ways to minimize the ecological impact of these joyous occasions.
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