One of the most common questions I hear from women interested in joining the Wedding Planner Academy is ‘How much does a wedding planner make?’
Obviously, I can’t make any promises or guarantees, but after spending more than a decade in the industry and seeing hundreds of planners go through the Academy, I know a thing or two about what you can expect. So, I’m pulling back the curtain and revealing a wedding planner salary in today’s post.
Let’s dive in. (You can also listen to this message via my podcast (linked below), Youtube (linked below), or read the transcript (below).
*VIDEO OF THIS EPISODE PROVIDED BELOW*
What money is coming in?
What money is going out?
A wedding planner salary depends on more than how much you charge. Like any business owner, you also need to consider the costs and expenses associated with entrepreneurship. These can include:
- marketing (website, ads, etc.)
- business registration costs
You also need to invest in your future, which means setting aside money for your taxes each year. I am not qualified to give financial advice, but I will share that most professionals recommend setting aside 30% of your income. And, of course, don’t forget that you’ll also need to be investing in some sort of retirement account!
Give me a number already!
I wish I could, my friend!
While I can’t provide a definitive wedding planner salary, here’s what I can give you: a formula.
To calculate how much you can possibly expect to make as a wedding planner,
YOUR RATE (taking into consideration average planner fees in your area)
THE NUMBER OF WEDDINGS YOU CAN TAKE ON EACH YEAR
Set that as your goal.
It may sound cheesy, but it’s true: The number one factor that will impact how much you make as a wedding planner is your mindset.
Once you believe in yourself and your own abilities, you’re already halfway toward meeting your income goals.
Sarah & The Chancey Charm Team