Event management business is all about how you manage your resources and combine them together to come up with a magical coverage of an event for your client. The resources can be your contacts in catering services, providers of sound system, music library, food companies, party bars etc. Yet a better strategy to earn pure and more money is through acquiring assets permanently which will not only lower your prices but will also get you up on the chart in the competitive market.
The list of these assets is long but the main assets can be delivery vehicles which can be at your disposal at any given time. Lighting equipment paired with multimedia setup for the venue will save you lot of expenditure. Not only will the lighting equipment come in handy at events, it will also give a wonderful impression to your clients when they visit the venue before the event and see the lighting system already in place.
A portable sound system with video recording equipment will provide you a good portfolio to show to your clients and will surely bring down your service cost offered to the customers. The portability of the sound system will assist you in placing the equipment according to the nature of the event which is an extra facility for the client.
Having enough man-power which is always ready to perform will give you an extra advantage. If your event gets over crowded than your client expected, your on-hold man-power will be there to cater to the extra crowd and save your client’s face. Having a regularly updated database of man-power will enable you to tackle any situation where either the crowds exceeds in quantity or some of your staff does not show up for the event.
One very affective asset that you can acquire is basic seating furniture and cutlery for a small group of 50 to 100 people. You can offer your client free catering which will beautify not only your service but also the outreach of your business through word-of-mouth marketing.
These are some of the basic assets which can be helpful in improving your event management business.