Friday, February 26, 2010

The Wedding Party

Are you ready for a party made just for your wedding? And we’re not talking about the usual wedding and reception. We’re talking about a pre-wedding party, and no, not a bridal shower, bachelor or bachelorette party either. This is called a Social.

In Canada, a social is an event held to help raise financial capital for your big wedding day. And in these economic times, it could be just the ticket to a debt free wedding.

Imagine walking away with $7,000 or more to cover your upcoming wedding.

Here is how it works. Find a reception hall or cheap venue to hold your Social. Find a DJ to spin the music and layout a dance floor. Get a liquor license, if you are required to, and provide alcohol for this one night event. Make sure your coordinate with the selected venue. They may provide this liquor license for you, and you want to make sure you know your limits. But if you’re making money off of the bar, you’ll need some sort of license.

This is not a party reserved for just the bridal party and guests…this is a party that you want to bring as many people as you can to, whether you know them or not. But make sure you limit the number of tickets to the space you have. If your hall will hold 200 people comfortable, don’t sell 250 tickets.

The key to making money is to limit your expenses. Don’t go to a venue that is too pricey, and don’t spend more than you need to on a great DJ, otherwise, your ticket sales will do nothing more than pay for the cost of those expenses and you won’t walk away with any profits, which is the goal of this Social. And if you need to, don’t forget to pay for some security so when the money comes in, it’s protected.

One of the ways to draw people into the party is to raffle off prizes throughout the night. Advertise a big giveaway when selling tickets to get their attention. Even consider holding a silent auction. Keep people entertained as much as possible. And at midnight, throw out some free appetizers and keep the party going until closing time.

The goal is to have people spend money, so when it’s time for your wedding, you’re spending less.

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