Special guest post by Jeff Copeland, owner of Simple Weddings and Tampa Bay Search.
I’m a marketing guy, and I’m also a wedding vendor. Sometimes the two complement each other nicely. But the wedding industry is unique in many ways and, frankly, wedding vendors are sometimes better off ignoring traditional marketing and advertising advice aimed at other industries.
Here are five major challenges faced by businesses in the wedding industry and some ways to cope with them:
1) Marketing to a steady stream of new prospects instead of a “cycle” of repeat customers – The wedding industry is unique in that you only get one shot to market to your prospects. Generally speaking, couples only get married once. So, even if they are absolutely thrilled with the service you provided, they aren’t likely to be a repeat customer anytime soon. This fundamental difference from many other industries makes a lot of typical marketing advice null and void, and makes things like email marketing very difficult.
Ways to cope:
2) The long buying cycle – Brides and grooms often have a very long lead time from the time they enter the market until their wedding date. What this means for you as a wedding vendor is brides may be checking out your website, blog, social media presence, and customer reviews a year or more before their wedding day, and possibly months before they even contact you.
Ways to cope:
3) The seasonal nature of bookings, weddings, and cash flow – In most areas, January and February are the busiest time of year for wedding inquiries and new bookings (people tend to get engaged over the holidays and start their wedding planning after the first of the year). Unfortunately, the holidays and the beginning of the year also tend to be the slowest time of year for actual weddings – meaning your cash flow is probably at it’s lowest at the very time you need to be out there advertising to new brides!
Ways to cope:
4) The Economy, Stupid – Every wedding vendor knows that our industry closely follows national economic trends. Let’s face it, many wedding services are “optional” and aren’t absolutely necessary to ensure a beautiful wedding. When the economy goes south, so does wedding spending by brides and grooms-to-be.
Ways to cope:
5) Low cost competition – Some segments of the wedding industry have low barriers to entry. Let’s face it, anyone with good organization skills can call themselves a wedding planner, and anyone who can afford a decent camera could conceivably take someone’s wedding pictures.
Ways to cope:
About Jeff:
Jeff Copeland and his wife, Claire, own Simple Weddings, an award-winning destination wedding planning company specializing in Florida beach weddings. He also blogs about small business marketing, advertising, and strategic management on The Nifty 150.
Did you find this post helpful? Let us know in our comments section.
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