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FAQs about State of the Industry

FAQs about State of the Industry

FromOwn Your Business


FAQs about State of the Industry

FromOwn Your Business

ratings:
Length:
49 minutes
Released:
Sep 4, 2023
Format:
Podcast episode

Description



Over 1,000 people have watched or listened to the State of the Industry panel I hosted a couple weeks ago. We’ve had a ton of good feedback from wedding pros. 
- Everyone said how refreshing it was to hear us talking about real numbers, rather than just what’s going on with a few businesses. 
- Many of you shared how comforting it was to know that you’re not the only one feeling a slowdown. 
- Some of you reached out in surprise that so many were so slow.
- A few wanted more specifics on why this was happening - and what you can do about it.
I’m pushing our regularly schedule programming back a week to do this episode, which will be like an FAQ follow-up for the State of the Industry panel. It’s also a peek into the kinds of conversations I’m having with my clients.
Here’s a tale of two consultations from this week: 
One client came to me because bookings were down. He felt maybe it was because the industry as a whole was feeling a decline. I’m glad he called, because an hour later, we’d identified a bunch of changes made to the proposal that needed to be tweaked, and packages and pricing that weren't communicating the value necessary to justify the higher prices. 
Later that day, I had a planning and design client reach out to me saying she just filled her 2024 calendar at $20k+ fees for the first time ever.
Why are some doing amazingly well? And others are on the struggle bus?
The numbers show weddings are a little down, we might be in an engagement, spending is down and so are guest counts. But I don’t believe that’s a reason - and certainly not an excuse - for bookings being off by 50%. Or even 20%. 
The macro-changes in the market are important to pay attention to. But as I’ll share, the cause of your success or concerns is likely what YOU have done - or not done - with your business.
The best part about that is you can impact a different outcome by doing different activities.
Tune in to find out what those are.
Released:
Sep 4, 2023
Format:
Podcast episode

Titles in the series (100)

A podcast for event professionals who want the knowledge and skills to grow a business with confidence. Industry authority Sam Jacobson hosts solo or with fellow sales and marketing expert, Katy Taylor Jacobson, with bite-sized, 20-minute episodes. Listeners take away one big idea with simple steps to put what you learn into action. Topics focus on sales, pricing, websites, and growing a team. Follow up questions answered in a private FB group.