Informative #1 Oct. 2011

Informative #1 Oct. 2011 - Average spent on a non-designer...

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32,000,000,000 26,000
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Making Money in the Wedding Industry
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The Wedding industry is RECESSION PROOF and HIGHLY PROFITABLE. Consultation Gown distribution Jewelry vending There are three main ways to bank on the wedding industry:
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Consultation: Least-risk option Easy to start Lots of demand Low staff needs Inexpensive to start Only need about between $2000-$3000 to start such a business
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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. FACT
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Bridal Gowns: Higher-risk option More difficult startup, but can be maintained once broken into More difficult to start: need references and either custom
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Bridal Gowns (continued) Average sale price for a designer dress and accessories: $2,000-$3,000.
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Unformatted text preview: Average spent on a non-designer dress and accessories: $1800. Multiple types of gowns for sale: 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. FACT Jewelry Vendor: Most risky Most Costly Between $10,000 and $20,000 to start. Biggest returns: Lots of ways to diversify: Bridal Jewelry and general fine One account of a successful jeweler states that annual sales came to $500,000 , 50% of that number coming directly from engagement ring sales. FACT 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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This note was uploaded on 12/05/2011 for the course MGMT 2390 taught by Professor Nealmaxfield during the Fall '11 term at Utah Valley University.

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Informative #1 Oct. 2011 - Average spent on a non-designer...

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