On average a wedding is said to cost around $65,000 AUD (…Yep!..). Now you must be thinking, that’s ridiculous – that’s definitely too much! However, I’ve found that a vendor’s contribution and time is usually overlooked. So, here’s a couple of things that a vendor takes into consideration before presenting their fee.
Note: This may not apply to every vendor. This is just my observation.
- Equipment: – The tools used to create a product or service for weddings aren’t cheap. They can range from something as simple as a ‘Van’ to a complex ‘Laser Cutter’. Then let’s add on maintenance costs for each piece too. Good Vendors don’t skimp on cheap equipment either. They’re trying to provide you with a top of the line service or product because the expectations of quality are higher for weddings. So, to keep their reputation of quality; equipment gets pretty pricy.
- Transport: – Weddings aren’t always in the vicinity that we live in. Sometimes, we have to travel and just like every other company, we charge the client our travel costs. If you were to live on the North Shore and had a wedding in the South Coast, it’d only seem right that those vendors charge for their travel. And then let’s bring into account their car’s depreciation, fuel, tolls and general wear and tear.
- Expertise: – Learning about our craft took time and money. Just like everyone else, we had to do some form of study to get to the level of professionalism recognised by you and the industry. It’s because of this education that we on-charge our expertise.
- Licences and Insurances: – All vendors need insurance and licences to operate as a business. This can be anything from ‘Public Liability’ to ‘Professional Indemnity’. For example, if a photographer were to shoot in a public garden; they’d need a licence from the council, public liability insurance if someone accidently fell over their gear and professional indemnity if they just don’t deliver what they’ve promised (which will hopefully never happen!). Each year vendors need to renew these to allow them to work and to provide you with the best service and/or product.
- Work Space: – Some of us work out of an office. Some of us work out of home. Either or, we have to pay our rent, electricity, phone and internet bills to keep running our business.
- Employees: – Extra employees that help us bring your wedding dreams to fruition. These employees work very hard and we need to pay them accordingly.
- Own Wages/Time: – Vendors work to earn a living. Just like the rest of us.
- Risk Factor / High Stress Levels: – Weddings are quite stressful. There’s always the pressure to perform perfectly and if everything doesn’t go off without a hitch, the bride and groom are disappointed and our reputation will be blown. We also never want to accidently ruin someone’s special day and therefore the level of stress we endure and take on is compensated.
I guess you’re probably thinking…
Why would the bride need to contribute to these costs?
Well… the wedding industry is just like every other company out there. Each company will consider all the costs above before setting their fees. (Especially because a business is only viable if their profits cover their liabilities). Huge companies can afford to lower their prices because mass production lowers their overheads.
For what it’s worth, I know wedding vendors to be very hard working and resilient. They’re creative problem solvers and some may even be therapists. We’re good at what we do and we love what we do. We just want to make a living out of it. So, the next time you’re thinking about why a vendor’s fee is so high, perhaps take into consideration the above and take a second look.
P.S. Feel free to disagree with me below. I’d love to hear your thoughts!