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.)
- education
- business registration costs
- insurance
- employees
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)
X
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.
Happy planning!
Sarah & The Chancey Charm Team
WHAT’S INSIDE THIS EPISODE:
- 1:39 – #1 The importance of setting goals
- 2:10 – #2 National Averages 3:00 – #3 Month of / Day Of Price Formula
- 5:00 – #4 Full Planning & Design Formula + Flat Fee Explained
- 8:34 – #5 Starting With Day Of / Month Of Coordination
- 9:45 – #6 Typical Planning Business Expenses
- 10:45 – #7 Planner Salary Formula Revealed