Event Management Business: Quick Startup Ideas
Are you looking for a small scale business you can setup in Nigeria and make huge profit with little start up capital? If yes then, OK read further!
I will like to let you know that event management is one opportunity lucrative business in Nigeria you can setup with little start up capital!
You may want to ask why event management?
The reason why I recommend Event management business is because most Nigerians now live a busy to lifestyle.
Therefore to take off the stress associated with organizing an event, most individuals and corporate organizations in the country prefers to hire a professional to handle the planning of their wedding ceremonies, birthday parties, house warming parties, child naming ceremonies, trade shows, book lunch, album lunch and conferences e.t.c
The business is profitable because there is virtually no weekend that passes by where people don’t hold social events like weddings and birthdays in places like Lagos, Abuja, Kano, Benin, Ibadan and other parts of Nigeria.
So setting up your own event planning and management business will put you in a position to generate regular income from individuals and companies that wants to organize parties and conferences in your area.
As an event planners and managers, the amount of money you charge a client will depend on the following.
The financial status of the individual, how elaborate he wants the events to be, the caliber of people he his inviting and the number of guest to be invited.
I know some event planners and managers in Lagos who smile to the bank with millions of Naira made as profit after a successfully execution of one or more events per month.
To setup an event management and planning business with little startup capital, here are the requirements and quick setup steps.
Get TRAINING from professionals to acquire creative skills on (event decorations, planning, contract negotiations , booking appointments with DJs, caterers, musicians, media men, printers, photographers, video coverage, pricing, hall and chair rentals e.t.c
Business name REGISTRATION from the Corporate Affairs Commission of Nigeria.
Open BUSINESS ACCOUNT with your bank to enable you pay in cheques received from clients.
Source for CLIENTS: Getting clients for your new event business can be easy and also difficult depending on you approach the matter.
To start making money from event planning and management person you must let people know about the existence of your new business. And below are steps to effectively market your business to get clients.
Get MARKETING AND PROMOTIONAL TOOLS. E.g. business cards, get phone number, create email, setup website, letter headed paper, print and share fliers.
After getting above marketing tool the next stage, is to start telling friends, relatives, neighbors, people in the religious center where you worship that you are now an event planner and manager.
Go round your neighborhood and share those hand bills or fliers you have printed.
Start promoting your event and management business website by placing some classified advert in Nigerian newspapers.
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