If you are like most businesses, you will do events periodically to promote your brand, products or image. However, it can be confusing when choosing event production companies, as there are two primary types. In-house options are provided to you by the venue. This can mean that the business itself is the venue or that the company works closely with the venue. While this may seem like a good idea, it could end up costing you more.
Planners
If you plan events for other companies, you may want to be in cahoots with a venue, because you’ll get exclusivity, build rapport and start a work history together. However, you may end up paying more because you are splitting the revenue with the services company and the venue, meaning they could raise prices so that they are both paid a fair amount. This, in turn, will require you to raise prices, meaning you may not get as many clients.
Outside Vendor Fees
When considering a venue for someone’s event, you should know what some vendors will require a fee if you do not use their in-house production company. If your client demands to use that venue, you’ll have to eat those costs or charge more, but otherwise, you should choose independent options to ensure that you can use who you want and keep costs lower.
Less Skill
Many times, you may find that the in-house version is an employee of the venue or is put together at the last moment by the venue. This can cause innumerable problems, such as safety situations and unsuccessful events. When preferred vendors are required or suggested, those selected for the job may not have the experience or knowledge to handle problematic situations. You may find that there are more mistakes that have to be corrected by you, equipment that has been broken (and must be paid for by you or your client) and ultimately raising the cost of the events.
Safety can be an issue because if equipment gets broken or isn’t set up correctly, it could cause more problems, such as falling on guests, blowing up or anything else.
Independent Options
It can be said that independent companies will be more knowledgeable and experienced in handling many different situations, and they will probably be better trained and able to handle your needs. They will use time-tested equipment and methods to ensure everything goes well.
Event production services should probably be independent contractors rather than in-house versions though it is completely up to you. Visit Structure Exhibits today to learn more.
