How much should you charge for Your Balloon Decorations? A detailed discussion on Pricing Strategy
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- เผยแพร่เมื่อ 3 ธ.ค. 2022
- Follow me on IG @balloonsandbusiness/ www.balloonsandbusiness.com. Balloons purchased:www.balloonsfast.com www.bargainballoons.com. LINK TO BOY STORY BACKDROP:XLL 8x6ft Cartoon Boy It's a Story Photography Backdrop Birthday Party Photo Background Blue Sky White Clouds Backdrops Baby Shower Kids Hero Booth Studio Props, 8x6ft(240x180cm) a.co/d/4klEOrF LINK TO BALLOON DESIGN ESSENTIALS: a.co/h715p7E. affiliate links used
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I've been doing this stuff for free for friends ect...I need to start charging! Lol
Yes, please lol
Valencia! I have my first potential client and I’m automatically overwhelmed. I donated a balloon garland to my sons rec center and they want something similar done for prom. They kept asking me how much, how much!? I told her give me your number, we’ll talk more and I’ll let you know🤣🤣 and now I’m here trying to figure things out. Thanks so much for sharing your knowledge. I truly appreciate it. ❤
Awesome! I'm glad you found the content helpful! Best wishes with your first client!
Thank you for the breakdown of how to price balloon decorations. There were several things I hadn't considered in the overhead of my business. This is gold!
You're welcome 😊
Omg it's so crazy that we overhere trying to be affordable but ppl just don't get it. I'm doing garlands under $100 and thinking ppl are not gonna hire me because of that. But yes everything costs us and we don't even realize we're basically working for free. I see other businesses charging that much and just thought they were expensive but nope. Thanks, I'm just starting and so glad I saw your video!!
I'm glad you found the content helpful! Yeah, definitely make sure you charge for profit
Thanks so much for this! You explained it super well. Me and my sister are starting off small. She makes baked goods so we are starting off with dessert table spreads/decor. We're also getting a customized champagne wall to start renting out. This was super helpful cause I was already feeling so overwhelmed on how to price!
Awesome. I'm glad you found the content helpful. Best wishes with your business.
Thank you so much for being so transparent and explaining everything so well. This will definitely help me since I am a beginner!
You're welcome 😊. Best wishes to you and your business
I absolutely love how you broke down the pricing at the end and a visual of what you priced. Thank you so much
You're welcome 😊
This is one of the best videos on this subject that I have seen. Thank you for the information and breakdown. Best to you and your business!
You're welcome 😊 Best wishes with your business as well
My gosh people don’t think like that they just think balloons !!! That’s it like they don’t think about materials the time it took, gas, install, ect… I get ghosted 👻 after I give them a price they don’t want to pay over $200-$300 I had clients even want me to go lower like under $100 that’s a joke!!!! I struggle with this like I wish I had the good clients that would understand
I know the struggle Crystal. It's hard out there but don't give up. They're out there
Don't give up. Keep going.. people will start to respect you and your prices 💯
Me too. They want that AMAZING look but they don't want to pay for it.
Me three same thing with the clients as well balloons here I live is very pricey
Where to get quality balloons???
This was such a great video. No fluff. Just business. Loved it and subscribed!
Yay! Thank you!
Teach it sis! Thank you so much for dropping these lessons omggg 🎉🎉🎉🎉 you're amazing 🤩🤩
Thank you 😊. Glad you found the content helpful
Thank you so much for this video. Your breakdowns was on point.
You're welcome 😊
This is the most helpful video I have seen regarding pricing. Thank you so much 😊
You're welcome 😊. Glad you found the content helpful
Hey Valencia!!!
Great video & information!!!!
I will definitely keep your pricing protocol in my back pocket...I did my pricing for starting my business, and I know it will change eventually when I pick up more clientele...thank you!!
You're welcome Donatella 😊.
I really do appreciate this video. I really wish clients do understand what it take to create something that seems so simple to them.
Glad you found the content helpful. Yes, sometimes it can be a challenge explaining to clients the cost and value of our work
Thank you so much for your very informative video. Not a lot of videos give out real examples of how they charge. I appreciate you doing this. This video is more helpful than all the ones I watched! I definitely learned so much 😊❤️
You're welcome 😊 I'm glad you found the content helpful
You're welcome 😊. Glad you found the content helpful
Great info. Beautiful and amazing work as always
Thank you 😊. Glad you found the content helpful
You should charge time involved hunting down or finding vendors to use their items also . Personal shopper fees - All takes time. You sound very informative .
Glad you found the content helpful
Great information Val thank you so much. I have struggled in this area. I have learned that I have to value my time, and my talent as well and include that in my price. After i tell my price i dont hear back but i say to myself that was not the customer for me. Balloons are a luxury not a necessity…so 🤷🏽♀️ Thanks again I so needed this because I do this just as a side hustle.
You're welcome Robbie! I'm glad you found the content helpful 😊. Stay encouraged in your business. It's hard for many of us out there so you're not alone.
Awesome!!! I am just getting started and this was a great help. I am an accountant as my full-time job so understood about the overhead cost and travel, Etc but everything else made good sense and this was a good video!
This was an awesome and informative video! Thank you so much
You're welcome 😊. Thanks for watching
This was so helpful thank you so much. I hope EVERYONE HAS AN AMAZING DAY BE BLESSED AND STAY SAFE 😊
You're welcome 😊. Be blessed
Great info! Thank you so much this information is priceless
You're welcome 😊. Thanks for watching!
Thank you for this breakdown 😊
VERY HELPFUL😉
You're welcome 😊
Thanks very much to share with us ❤ I don’t know why took me so long to see this video I just change my notifications no want to miss any videos
You're welcome 😊 and thanks for supporting
Thaank you for the breakdown, it was very helpful!
You're welcome 😊. Glad you found the content helpful
Good informed video everyone is always asking these questions thanks good job
You're welcome 😊
Genius breakdown
Thank you for all the goodness of your advice.❤❤❤❤
You're welcome 😊
Thanks for this very detailed information and your experience.
You're welcome. Glad you found the content helpful 😊
Extremely helpful. Thanks so much!
You're welcome 😊
Thank you so much for your video! Very informative
You're welcome 😊
I am planning to put up my decor business and this is what i’ve been looking for ❤ thank you so much from Philippines🥰
You're welcome 😊
Thank you for such great information!
You're welcome 😊. Glad you found the content helpful
Very informative appreciate all your help and ideas ❤
You're welcome 😊
Great information. I’m just starting my business but this was really helpful
Great! I'm glad you found the content helpful 😊
Thank you sis . I’m js starting off 🎉.. I most definitely can say I’m nervous lol 😂.. but with GOD ALL THINGS ARE POSSIBLE 🙏🏼 and GL to everyone here 🎉wishing nothing but Success to ALL OF US ❤🎉
You're welcome 😊. Yes, indeed, w/ God anything is possible. I'm confident you'll do fine.
Thx 🙏🏼 appreciate you 💖 but I have a ? My part I’m more nervous about is how you kno what sizes to do 😭 my friend getting married n this coming May 23 & she wants to be my 1st customer omg I been sick to my stomach all day nervous & of course excitement but I told her this is my first time I don’t know what I’m doing and she was like practice. Make perfect. Just be ready by May. 😭😂🙏🏼
No need to feel sick or overly nervous. I suggest you start practicing with inexpensive Amazon balloons at home to get your technique down (save the quality balloons for your clients). I like using multiple sizes of balloons but it all depends on your client's personal taste and the design they are requesting. Do what you feel is best for the design and don't be afraid to be creative.
Thank you && I really appreciate you for responding right away and giving an honest feedback appreciate.. 🥰🤞🏼🙏🏼🫶🏽 YOU 💪🏼
Thanks for a great information, I will use it to structure my price.
You're welcome 😊
thank you for sharing all this!
You're welcome 😊
Great video great information you shared.
I'm glad you found the content helpful
Whoa great information!!!!
You're welcome 😊
I really needed to hear this because I’m just getting started and I need to be prepared when I start getting clients. I’ve already done my sisters bday party and now have to do my little sis prom. All for free and the equipment is costing me and the balloons from qualatex. On top of that me being a photographer
I'm glad you found the content helpful 😊. Best wishes with your business!
Best explanation I've seen
You're welcome 😊 Glad you found the content helpful
Great video. Thank you!
You're welcome 😊
Thank you woman of God. God bless you, your family and your business
God bless you as well
Thank you, very helpful!
You're welcome 😊
Great Info!!!
Glad you found the content helpful
Thanks for sharing!❤
You're welcome 😊
Thank you for this video 😊
My pleasure 😊
Thanks for this video ❤
You're welcome love
Very informative. Thank you for taking the time to explain. Im starting small. Im manifesting that ill be known as the “ballon lady”and people will be reaching out to me throughout the city I live in and surrounding towns. 😌🤞🙏🏻
Awesome! Glad you found the content helpful. Best wishes with your new business.
Great info
Love it thank youuuuu
You're welcome 😊
something else to note for the backdrop: you have to assemble! Charge your hourly rate on how long it takes to assemble and disassemble. That should factor into your rental fee. :)
Assembling backdrops is part of my labor fee. 😊
Very informative! My eyes are open 😮 now to find the clients who are willing to compensate me for my work...👏💯
Yes, finding clients is a whole other video. It's challenging, but with good advertising, networking, and quality work, you can make it happen
Great video! Soooo informative and easy to follow. Thank you. Subscribed!
Awesome! I'm glad you found the content helpful
Thank you so much. 💓
You're welcome 😊
Sprinkle of love
Thank you, lots of time I feel like I am under charging. And when I look at the work that goes into this, I get very angry with myself.😊
I understand the feeling. Don't beat yourself up, though. It's very competitive out there, so you're not alone in this
Thank ❤ You So Much!!!
You're welcome 😊
THISSSS was such a fantastic, easy & helpful break down. Thank you for taking the time out to make this video! The pressing question that I have is regarding the invoice that you’d provide the client. Would you include all these specific things as line items on the invoice?
You're welcome. On my invoices I list the price of the balloon garland itself, the price of the specific backdrop they ordered, delivery fees, and any other specific items such as neon signs, acrylic signs, florals, etc.
@@valsballoonsandbusiness thanks! So would the other fees such as your hrly rate & travel expenses fall under an “umbrella“ line item elsewhere?
OMG this was so helpful!!! I know I've cut myself short🙄
Its OK. We all have lol.
thank you ❤❤❤
You're welcome 😊
Thank you so much
You're welcome 😊
grent info Thanks
You're welcome 😊
Watch out for people just asking prices May find them being your competitor. Bless of Luck!!
This business is indeed competitive, but I have no problem with sharing my prices. If they decide to undercut prices, it will hurt them in the end when they don't make any money.
What do you do with all those balloons after each event?
Great video! Do you have a video on what to say in the contact?
Hello. I haven't done a video on contracts. I suggest you find an event designer contract template online, tweak it to your specific situation and maybe use Prepaid Legal to get some inexpensive legal advice to make sure it covers you.
Hi, im new here. You've gained a new subscriber!!! This video was extremely helpful and very informative. I really appreciate these details. Hope this isn't too much to ask, I know you broke down your price at the end, but May I please ask you, do you send an itemized list such as that in your proposal/ invoice to your clients or do you just give them one set price??
Thanks for subscribing! I itemize in the invoice which I send to clients
Thank you for the info where can I find templates for contract?
Can you please do one, on what type of materials to use , is the best type of balloon to used? Thank you so much
If you check out my tutorials. I list the materials and brands I use. I usually use tuftex, Sempertex, Kalisan, Betalletex, and rarely qualatex or gemar brand balloons. www.bargainballoons.com
Helpful.. Thank u dear.. I m trying to start my business
You're welcome 😊. Best wishes!
BTW where did you purchase that stand, I have the pipe and drape but I needed a stand for my grass wall and shimmer wall that is sturdy enough
I purchased the stand off efavormart. It's black and the price is around $200
Thank you soo much, this is the video I’ve been looking for.
I am trying to start my business, but I’m so worry about people not wanting to pay this much. But they don’t consider evrything that happens behind the scene 😩 that’s just my only worry, how do I get customers who are willing to pay all this
You're welcome 😊 . Continue advertising and be selective about WHO you advertise to. I used paid ads on FB and IG. Also, email info to local event planners, coordinators at hotels and event venues, and leave cards at small and corporate businesses.
@@valsballoonsandbusiness Yhank you soo much
Girl the price she gave the original and update is a steal compared to what they charge down here in Florida....don't worry your clients will come especially if they realize they can't catch a better price for quality work...I literally was waiting to hear this lady say 1k+ for this simple yet elegant garland design
How do you know how price your packages when starting? Im starting out with face painting and concession machines and hoping to be able to offer full balloon/decor setups by the end of the year.
Materials+ hourly rate+ overhead+ delivery = price
On the Customized items do you keep them or do you allow the client to keep those items. Also do you charge more for uncontrolled environment/outside vs in a building?
Hello. It depends on the item. If it's a chiara wall or something Im renting out, even if I painted and customized it specifically for a client event, I keep that, but if it's a sign I ordered specifically with the Client's name or cutouts and they paid for it, then they can keep it.
I don't charge more based on whether it's outside or not, but I do have a clause in my contract where I can discontinue service if outside conditions are deemed unsafe for my decor
It also depends where you live. People in a low income area they will not pay much. They flip with prices 🤦🏻♀️.
Yes, location is important as well.
Im in the process of obtaining my LLC, so how do go about receipts/invoices/contracts. Do u use a receipt booklet of some sort? Most of my transactions are through social media/payment apps.
Hello. I use a free invoice app to keep track of my payments. When a customer sends a deposit it send them an invoice via text, email, or social media, then save it in a folder. I also record my payments and Client info such as event date, addresses and mileage on an excel spreadsheet. This makes it easier for tax time.
Oh wow,....thats very professional. May I ask which invoice app u use?
@@dewainaoliver2374 actually it's one I got through my android Google Play Store called Invoice generator. It's a simple invoice but it definitely helps keep track of things.
Thanks so much.
@@dewainaoliver2374 you're welcome 😊
How do you calculate the cost of balloons you’re going to use. For example, if you have to buy new packs of the colors they are requesting do you charge them the full cost even if you don’t use all the balloons? Also, if you have the balloon colors in stock how do you figure the cost? Sorry, I’m so new to this and I want to be fair with my self and clients 😅
I charge for the cost of each bag of balloons i buy or use for the event. It doesn't matter if I use all the balloons because I never know the exact number in each bag I may use. Plus, it's just easier to charge by the bag.
I am trying to start my business, but I’m so worry about people not wanting to pay this much. But they don’t consider evrything that happens behind the scene 😩 that’s just my only worry, how do I get customers who are willing to pay all this
That’s what I’m thinking. I just had an event where I was going to get one but after I saw how much they cost I just made it myself. Cost me significantly less to just do it myself and I had no experience.
Hi I'm sorry but I'm not sure if you mentioned an invoice , do you happen to have a detailed invoice with everything you explained
Hello. I use a free invoice that you can get in the app store of your cellphone. There are many to choose from, and they're pretty easy to learn. The one I use is for androids invoice generator
Wow California charge a lot for LLC.
Yeah. California is big on charging taxes on everything
@@valsballoonsandbusiness Wow! Nice to know that lol
I’m wanting to get started without being booked…I’ve been considering on booking a venue and just do small setups (maybe like 3 different setups) within the venue to get practice and have content on what I can do. Would you consider that a good idea, or waste of money?
Personally, I would not book a venue. Are there any family or friends you can decorate for free if they cover the cost of materials? You can always do setups in your home or go to a park and set up a backdrop and balloons for a photo shoot. Also, try practicing with Amazon balloons like party woo until you get your first clients. It's best to be as cost effective as possible when getting started
@@valsballoonsandbusiness firstly, thank you for such a swift response. 🫶🏾 but the family/friends are so cheap 🤣 they complain about prices of my baked goods, so I’m not even going to bother with them honestly. I just downsized for a quick moment on our home a few months ago, so I will try the park route. Thanks for that suggestion! I have been using balloons from Amazon for every birthday party for my daughter. I decorate pretty well but never get photos because by time I’m done, I’m exhausted and be ready for it to be over with 😅 but I’m going to start taking myself and talents more seriously this year for sure. Thank you again! ❤️
You're welcome 😊
I'm in California too and was considering getting my llc.. so you're saying every year I would have to pay $800 at tax time for having an llc? If so I may wait a while longer.
Yes. You have to pay an $800 franchise fee just to operate an llc in California. I believe the first year of business you may get it waived.
@@valsballoonsandbusiness thank you so much for sharing all of this great info!
You're welcome 😊
What was that bit about paying $10 month for cricut vinyls? 😮
Cricut design space is $11 a month. This is the corresponding app that allows you to create the designs/lettering that you're going to cut
How do you price when they want custom colors
Hello. Whatever the cost of the balloons I charge it to the customer. I don't do Per ft pricing
I’m looking to start my own Event Business but people are cheap doing a party is not cheap I know because I have two children
You're absolutely correct.
And how much should I charge if the person have all the materials and she just want the work done with out me putting nothing only my job of decoration
Charge your fee for labor (hourly Rate X time it takes to do the decor). Also, charge for travel
Thank you so much
You're welcome 😊