Money 26,000
32,000,000,000
Making in the
Wedding Industry
The Wedding industry is
RECESSION PROOF and
HIGHLY PROFITABLE.
There are three main ways to bank on the
wedding industry:
Consultation
Gown
distribution
Jewelry
vending
Consultation:
Least-risk
Easy
option
to start
Lots of demand
Low staff needs
Inexpensive
to start
Only need about between $2000-$3000 to
start such a business
FACT
The average wedding consultant makes
$3000 per wedding.
(so your initial business investment is paid off in one
wedding!) Bridal
Consultants who make a
good name make well over $100,000
per year.
Bridal Gowns:
Higher-risk
option
More
difficult
startup, but can
be maintained
once broken into
More difficult to
start: need
references and
either custom
Bridal Gowns
(continued)
Average sale
price for a
designer accessories:
$2,000-$3,000.
Average dress
and spent on
a non-designer
dress and
accessories:
$1800.
Multiple types of
gowns for sale:
FACT
Average salary of a manager of a
successful bridal store is around
$50,000. Owners salaries obviously
vary based on location and the success
of the store, but it runs WELL
ABOVE the managers salary.
Jewelry Vendor:
Most
Most
risky
Costly
Between $10,000
and $20,000 to
start.
Biggest
returns:
Lots of ways to
diversify: Bridal
Jewelry and
general fine
FACT
One account of a successful jeweler
states that annual sales came to
$500,000, 50% of that number
coming directly from engagement ring
sales.
Conclusion:
The
wedding
industry is
recession-proof,
and these three
areas
(Consultation,
Gown Sales,
and Jewelry
vending) are
three of the best
sectors of this
$32,000,000,00
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