Is event planning a good career? (2024)

FAQs

Do event planners make money? ›

On average freelance event planners can earn from a range between $20,000 to $50,000 based on their experience, expertise, and event scale.

One of the best things about this career is that you get to meet lots of new people. You'll be working with clients, suppliers, venue staff, and all sorts of other professionals who are involved in putting on events. Sometimes, as an event planner, you'll also have the opportunity to attend events as a guest.

Event planning is one of the most stressful jobs in the world and requires specialized skills. It is a rewarding career for a rare breed of hyper-organized, hard-working individuals. If you think you were born to be an event planner, see how many of our top 12 event planning skills you have.

According to research data from Zippia, the average age of event planners in the US is 37.6 years old. However, their research found that the majority of event planners (37%) are over 40 years old. Alternatively, 33% of event planners fall between the age 30-40 range, and 29% are between the ages of 20 and 30.

The role of an event planner

As a new business owner, you will quickly learn that event planning is a highly competitive and difficult industry. There are only so many events to plan and few people to hire. When you decide to work for yourself, there is nothing more important than finding the best people for your team.

Earning your bachelor's degree in meeting and event management or a related discipline such as hospitality, marketing or public relations might be a good first step toward pursuing a career in this field.

If you're the organized type, event planning is a side gig in the event industry you should run towards. It's not just about organizing but about turning moments into memories while earning some extra cash. This side hustle could be administrative or could be onsite, depending on the need of the client.

How do I know if I would be a good event planner? ›

You need to be productive, and be ready to tackle timelines. Event planning jobs can be boiled down to setting goals, meeting them quickly, and taking action to stay ahead of schedule. Being an Event Planner means getting used to having high standards while being flexible with routines.

For large-scale events, like award ceremonies, fundraising events or conferences, an event manager is the ideal choice. Examine everyone you have on your team when making this decision as well.

2. Poor Time Management. Many event planning businesses fail due to poor time management. This can be due to a number of factors, such as not having enough staff to handle the workload, not having a system in place to track deadlines, or simply not being organized.

Vendor Payments

All payments to the vendors should be made directly from the client to the vendor. If you are paying on behalf of your client and plan to be reimbursed from your clients, what happens if your client does not pay? You are out large sums of money for a service you aren't even providing.

Mindy Weiss is an event planner who is best known for her weddings, but whenever one of the Kardashians contacts her to plan a party, she always says, "I do." “I'm always worried that we'll run out of a theme because there's so many of them,” Weiss jokes about the 13 Kardashian grandkids.

They charge fees to you directly for managing your assets or providing financial planning, while also earning some commissions on the side. These commissions are usually in relation to securities or insurance sales.