Every couple in love dreams of a luxurious wedding that will be remembered for a lifetime. However, not everyone is able to organize a festive event due to the lack of sufficient funds or its absence. Therefore, the question of where to get money for a wedding remains open for many.
Of course, someone will say that a one-time event is not worth wasting the amounts of budget overhead. But a wedding is a special event, and why not spend money on emotions that will remain in your memory forever?
Moreover, there are no hopeless situations. You can use one of the methods suggested below to “get” the required amount and have a beautiful wedding.
Real ways to get money for a wedding
To prepare for a wedding, you need to calculate in advance the amount that will satisfy all the wishes of the newlyweds and their parents.
Some couples prefer to organize a modest event with a small number of people, inviting their acquaintances or friends as a toastmaster, photographer, or cameraman. Others want to turn their wedding into a fairy tale for numerous guests and are willing to spend a lot of money.
Based on how luxurious the wedding is in the dreams of the newlyweds, a certain amount will be withdrawn.
This means that you can always prepare for the celebration, regardless of the financial situation of the bride and groom. It is important to remember that this is a festive event dedicated to the creation of a new family.
You can receive finance for a wedding event if:
- ask mom, dad or friends for help;
- take a loan from a bank, microfinance organization, or from individuals;
- put aside a certain amount in a piggy bank;
- collect money on a special bank card;
- have profit from securities;
- make money on foreign exchange transactions.
Each of the above proposed methods is real. Therefore, newlyweds need to become more familiar with the options for obtaining the required amount. This will allow you to better understand where to get money for a wedding in a specific situation.
Take money from parents or friends
Before deciding where to get funds, you need to calculate how much money you need for the wedding. You will have to take into account the cost of formal attire, banquet, hall decoration, cars, services of a photographer and videographer. Here you can read how to do this.
The surest way is to ask your parents for money. In such a situation, you most likely will not have to return the funds. If money is lent, then relatives are unlikely to insist on deductions of interest. And both parties can help; expenses can be divided 50/50.
If parents on one side and the other do not have financial capabilities or they do not want to participate in the budget, close wealthy friends can be considered as “creditors”. These people should not refuse a small amount and you can agree with them on the absence of interest. To maintain friendship and not quarrel, it is better to write a promissory note, which will require 2-3 witnesses. Here is the link to download the sample.
Wedding loan
Today, every bank or microfinance organization offers its services to provide financial assistance for a wedding. You just need to take into account that there are three types of loans: targeted, consumer, urgent.
Targeted loan
The advantages of this option are the speed of consideration of the application and delivery of the required amount. At the same time, interest on wedding loans is significantly less than on consumer loans. In addition, the bank offers various ways to repay the debt - early or in equal parts. Moreover, the loan can be taken out for several years.
To receive financial assistance from a bank, you need to quickly collect and submit the relevant papers.
In this sense, the more advantageous option is to obtain a targeted loan from a microfinance organization. After all, to apply for a loan, no documents are required except the borrower’s civil passport. It’s true that interest rates in MFOs are higher.
It is also important to take into account that after receiving the amount, time is needed for various manipulations (purchase an outfit, order a motorcade, pay for a banquet). Therefore, you need to act as quickly as possible, thinking through every step in advance.
Consumer loan
This method allows you to get money faster. It differs from the target by a higher interest rate. However, the loan application process is expedited. It would be better if one of the newlyweds previously had a positive credit history with a bank or microfinance organization.
Another advantage is that there is no need to collect additional documentation. Thanks to this solution, the bride and groom really save time and nerves.
At the same time, the period for returning money is long, which is also convenient for young people. The likelihood of receiving a huge amount will increase if the bank provides collateral, for example, a car.
Urgent loan
If you want to celebrate a wedding event, but you don’t have the desire or time to collect additional documents, there is always the option of an urgent loan. It is processed quickly in 2-3 days, and the amount is transferred to a plastic card.
The disadvantage of this financial assistance option is the inflated interest rate. Any quick loans have a corresponding period, during which it is possible to return the borrowed amount without paying interest.
In other words, this is a moratorium in which the bank itself sets the period for returning the money (1-3 months). During this period of time you can have time to: celebrate a wedding, relax, pay off debt.
It is advisable to use this option for people who took a small amount for an event and are confident that they will soon repay the debt to the bank. We should not forget that the countdown of the moratorium period begins from the moment the card is activated.
Room
Organizing weddings is a business without large investments, since essentially the organizer is an intermediary between customers and performers. You can start without any premises at all, meeting clients in a cafe. But it is best to find a small office with an area of 20-30 sq.m. This way, clients will understand that they are dealing with a serious company. It is advisable to rent or buy premises in the city center, in areas with high traffic. A good option would be to rent on the first floors of a large business src=»https://lady-biznes.ru/wp-content/uploads/2015/08/organizaciya_svadeb_kak_biznes-1.png» class=»aligncenter» width=»600″ height= "402"[/img]
To get noticed, make a bright sign and advertise it. It is advisable to create your own group on social networks and a website, since most potential clients will look for you on the Internet.
The premises need to be renovated and the necessary furniture and office equipment must be purchased - a table, a computer, chairs, armchairs and sofas for visitors, cabinets. Hang photos from weddings on the walls.
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Other options for obtaining financial assistance for a wedding
Money in a piggy bank
Knowing their poor financial situation, newlyweds can put money into a piggy bank. This must be done every day and 1-2 years before the start of the special event.
Perhaps the accumulated amount will not be enough for a luxurious wedding, but it should be enough to purchase accessories, outfits, rings, decorate a banquet hall, and order a motorcade.
Money on a bank card
Using deposit services, you can collect money for a wedding event on a bank card. It will take a year to improve your financial situation, receive a tangible amount for the celebration and interest on the deposit.
Money from securities
This method is appropriate if the wedding is to take place in more than a year. In this case, it is necessary to have certain knowledge, on the basis of which you can receive an amount for a wedding from income from securities.
Money from foreign exchange transactions
Having knowledge in the financial and economic fields will help a person earn money in foreign exchange transactions. It will be a big advantage if you have several types of currencies on hand. This is appropriate in cases where one currency falls in price, the other will rise accordingly.
Business registration
You can register your activities as an individual entrepreneur or LLC. Each option has its pros and cons. It is easier and cheaper to form an individual entrepreneur, while an LLC enjoys greater trust among customers and performers. In addition, this form of enterprise is preferable if you cooperate with legal entities.
The package of documents for registering an individual entrepreneur is standard. You will need permission from the SES and firefighters.
OKVED code 96.09 Provision of other personal services not included in other groups
The taxation system is simplified (usually the simplified tax system is chosen for Income with a tax rate of 6%).
If you work from home and do not hire employees, you can register as a self-employed citizen (provided that this tax regime has already been introduced in the region in which you work).
First steps
To organize a small wedding business, you need some financial investment. Their size depends on what services you plan to provide. If you make every effort, the project can bring significant profits, even though this market segment has a high level of competition. Traditionally, the salon for newlyweds provides services for organizing, supporting and conducting wedding celebrations. But in order for the matter to be effective at the first stage, everything should be carefully planned.
Remember
- No matter how perfectly you plan everything, it will not work out perfectly.
- Decide what you can do for your wedding on your own, and what you will have to involve professionals for. Don’t rush into making a choice: if you immediately see that a specialist is not suitable, tell him about it and look for another one.
- Set realistic goals: if you know that you won’t save a million for a wedding in six months, lower your level of aspirations. Do not deviate from the estimate and budget - you will thank yourself later.
- Before ordering an expensive service for a wedding, think three times whether you really need it, or whether your mother’s “everything is like other people” is telling you.
- Don't go too far in your quest to save money: you'll have to spend money on some things.
- Distribute prepayments strictly according to plan.
- Don't try to control everything: there are things that don't depend on you.
- Have fun - your first wedding only happens once in your life.
What is included in organizing a turnkey wedding?
This is accompaniment of the client from the moment of concluding the contract until the completion of the celebration. In the interim, preparation for a wedding can take from several months to a year, depending on the budget and wishes of the bride and groom.
Services include:
- development of the concept of a wedding celebration;
- selection or support of custom-made wedding dress for the bride and suit for the groom;
- selection of premises;
- coordination and organization of tasting of the festive menu;
- choice of confectioner, selection of textiles;
- wedding music and lighting design, floristry;
- organization of artist performances
Planning and organizing stag and hen parties is also the responsibility of a wedding agency.
Decor
Wedding decor as a business is a special area that requires a professional approach. A competent combination of colors, fabrics, various methods of draping and the subtleties of floral art is what turns an ordinary holiday into an unforgettable extravaganza of love and happiness. The decor is designed to create an atmosphere of celebration, which will be reflected in the furniture and interior of the hall.
To do this, you will need experienced designers and florists who can select harmonious compositions for the bride and her bridesmaids, arrange a bouquet and elegantly decorate the wedding procession. The client may be offered additional services. For example, a flower shower or decorating dishes and tables with fresh flowers.
Advice for those who want to design weddings
Having achieved success in this business, you must certainly expand its boundaries. Increasing investment in advertising will bear fruit. You can also go beyond the borders and cities where the activities are carried out. It’s worth trying your hand at neighboring regions.
The main thing is to set a goal, draw up an action plan, and study the ways of competitors. A competent approach will help to implement the idea with success.
Sources:
https://youmarriage.ru/kak-zarabotat-na-sobstvennojj-svadbe/ https://lifeha.ru/biznes-howto/organizaciya-svadeb.html https://busideasto.ru/biznes-idei/biznes-ideya -oformlenie-svadeb-i-torzhestv.html
Search for clients
As paradoxical as it may sound, advertising will help you find clients in the wedding business . However, here it will have its own specifics. To begin with, you should resort to the capabilities of the global network. It has many women's forums and sites. The advertisements displayed on them will certainly attract the attention of many future brides. You can also use social media. networks. Most modern people spend a lot of time in them. It is likely that someone will see the ad and request services.
Organizational and legal form
The next step on the path to creating your own business will be the choice of organizational and legal form. You can register as an individual entrepreneur (individual entrepreneur) or open an LLC (limited liability company). When starting a wedding business, it is preferable to choose the first option. With it, you can save a lot on taxes and simplify your accounting. In addition, the majority of wedding salon clients are individuals, so there is no point in complicating your life with legal relations.
Advertising for a wedding planning agency
Advertising in such a business is of great importance. If you have a limited budget, it is better to remain without an office than to save on advertising. In a highly competitive environment, customer search comes to the fore.
People often choose such companies based on recommendations, so your task is word of mouth. First of all, tell everyone you know about your business and ask them to share it with their friends - maybe someone will need your services. If you have experience in related areas (for example, in an event agency for organizing holidays), raise your client base and remind them of your presence. Working with “warm” clients in this business is much easier than looking for them from scratch.
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If the possibilities of the sundress have been exhausted, consider other ways of promotion:
- notice boards,
- your own page on social networks (you can also set up targeted advertising there, as well as publish photos and hold giveaways),
- your website. It doesn’t make sense to immediately invest a large amount of money into a website. To get started, a one-page page is enough,
- outdoor advertising,
- advertising in elevators, on vehicles,
- publications in city media,
- advertising on radio and TV,
- partnership. You can become a partner of some city event and place your advertisement there.
A few more ways to advertise for patrons
The wedding walk is also a great place for all sorts of promotional moves. For example, take your significant other on a hot air balloon ride. And you will be interested and there will be a lot of attention from the outside, which means that viewers will be able to see an image of your sponsor’s advertisement on the balloon. A sponsor can be anyone - from the organization of your good friend to an entrepreneur who will pay for some of the services you need or simply top up your account with a certain amount.
The same can be done with a wedding car, carriage, ship, balloons with sponsor logos, etc. Sponsorship information can be included on the back of wedding invitations, as well as cards given out during prize draws during competitions. There are a huge number of options, the main thing is not to be shy in your assumptions and everything will pay off for you with interest.
