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"Children Party Planner Business": How to Get Started

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If you love being around children, why not turn the passion to a business? With the parents getting busier with most of the wives also working nowadays, they spend more for their children, seemingly out of guilt, subconsciously. This creates big opportunities for businesses surrounding children's needs, such as toy industry, day care, and also children party organizer. Parents nowadays spend almost double for a child's birthday party than the previous generation.

The children party service business can be started with below minimal start-up cost and can be started from home. The entry barrier is also relatively low, but you'll need to be creative all the time to make sure your parties are more fun than your competition.

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Think this business might be for you?
Then here are some considerations to help get you started:

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1. Startup Cost
A children party planner service can be started with below $3,000. You'll need an operable computer, as do any business nowadays, a vehicle, office peripherals, and you're ready to go. The challenge in this business is not monetary, but how to be creative all the time and how to market yourself.

2. Insurance
As you'll be dealing with children, which are accident and injury-prone no matter how careful you are, getting an insurance that covers third-party liability is almost a necessity. Research your options before settling with an insurance company, as it will be a significant cost of your day-to-day business.

3. Securing Clients
Give out brochures and fliers, promote yourself online through a website and social media. Getting your first client will be the hardest, that's a fact. But after you've organized some successful parties, they'll recommend you to their friends and peers, and you'll get more clients that way. Deliver the best party in every opportunity and build relationships with your clients.

4. Staffing
After you secure clients, it's time to decide whether you need more employees to do the job. You'll need staffs that can be careful while also having fun around children to avoid accidents. Labor cost can be high, though, so make sure you calculate the cost to avoid loss.

5. Legal matters
Depending on your location, a permit or license might be needed, so consult your local authorities to save you from trouble in the future. However, the permits and licenses needed shouldn't be too complicated compared to other businesses.

6. Pricing
Research the current market for the current standard, you can either charge a cheaper price or offer more value to stand ahead of the pack.For a standard to follow, the standard hourly price in the industry is around $15 per hour.

Earning Potential

The industry average salary for party planner in general is $50,190 annually, which is relatively high across all industries.

This number can grow as your scale of operations grow, serving more parties than before.

However, whether you can get enough clients to make that amount will depend on your ability to market yourself and build great reputations among local parents. If you can keep your party fresh, and have great relationships with your clients, this business can scale with unlimited potential.