As an event planner, there are several ways in which you can get paid. One way is to charge an hourly rate for your services. Most large event-planning companies use an hourly method as a system for billing clients.
You will need to provide the client with an estimate of the hours you are planning to work. It is important to convey to the client that you expect to come within 5 to 10 percent of your estimate. If you come under budget, of course the client will be pleased; if you come in higher than your estimate, however, you should be able to provide the client with an explanation of why the overage occurred.
A single detail can blow the budget on an event. Underestimating can happen quite easily. An estimate is, after all, an educated guess. Always gain client approval before deciding on an event detail. Contact your client with a full report on overages. By suggesting an inexpensive solution to the problem, you will be making the issue less of a problem.
If you are interviewing for a salaried position, the topic of salary will come up with your potential employer. Event planners' salaries can range from $30,000 to $110,000 depending on the position and your region. You will have a better sense of salaries once you begin the interview process.
Not sure what is fair? Nowadays Web sites are available that create formulas for salaries based on geography and specialties. (Two great ones are Salary.com and Payscale.com.) Working in and around cities means a higher income potential. To save on expenses, some event-planning companies set up offices and warehouses outside of a city. This does not mean you should expect a lower salary. A salary should be based on the area you will be working.
Before accepting a position, you must have a firm understanding of comparable salaries in your field. Your employer will likely offer you a salary based upon your experience. If it is lower than you anticipate, ask to renegotiate your salary in six months or counter with a creative bonus program.