If you do can you say what you do . How you started it? Do you enjoy your business? Is it saturated? How much you spend on ads? How much revenue/profit you make? Is it an online business? Would it be hard for someone to replicate? How much does social media effect your business?

  • Call-em-D@alien.topB
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    1 year ago

    Event Management in Southern California. We do any type of events but most popular in weddings, bachelorette parties, engagement parties, and brunches. I absolutely love what I do and enjoy working, it’s a newer niche so it mildly saturated and my “competition” is so out of my league it’s negligible. I’ve owned the company for 8 months after purchasing it earlier this year. Business was been around for nearly 3 years with great reputation that has stayed since my ownership. Revenue varies between 6k-15k with no ad spend and i’m averaging between 40%-50% margins. Not an online business. I personally would say its hard for people to replicate correctly, most see what I do and think they could do it themselves but those are the same “competitors” who come and go within 6-12 months. Social media is a pretty big component to our organic traffic that we get but we get tons of referrals and word of mouth bookings. I plan on spending on ads rolling into the new year now that I’ve rebuilt our website, systems, and SOPs for the last 7 months. This month only had 2 booking but translated to about $5500 net since they were both larger parties. We normally do about 5-15 booking per month but some of those might only bring in $500-1k in revenue if it’s a smaller event. Please ignore any typos or weird sentences I typed this on my phone, I’ll answer any questions if anyone has any.

    • vanisher_1@alien.topB
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      1 year ago

      How much time you spend on average during the month or during the day to organize such events for the month? 🤔