Do you want to start an event planning business but want to go niche and be unique? If YES, here are 31 best event management related business ideas / opportunities for 2021.
Event management related businesses are businesses that require that you take off the burden of planning and managing an event from the shoulders of your clients. Therefore, you would need an eye for details to run this business. Now, the truth is that you would need to be extremely detailed as you do not want to come across your clients as confused. If you do not possess this skill now, you should consider building it up.
It is the practice of most event management companies to handle all aspects of event planning; from wedding planning, to annual general meetings, to corporate events, to end of year parties et al. This is because there are little or no difference between the planning and execution of events.
However, you can decide to build your event planning company around an area of specialization in the industry. The truth is that making money as an event planner or manager is all about ensuring that your clients are satisfied whenever they contract their events to you.
Once you are able to meet or surpass the expectations of your clients, you are likely going to get repeat businesses, and in most cases you will also get referrals. If you are interested in starting an event management related business in the united states of America, here are 31 event management related business ideas that you can choose from.
31 Best Event Management Related Business ideas for 2021
- Start an Event Planning Company
Starting an event planning company is perhaps one of the most popular event management related business ideas in the United States. Event planning is all about helping groups and individuals plan and execute their events from start to finish.
An event planner ensures that they work with the budget of the organization or individual and ensure that they deliver a successful event. In some cases, it is the responsibility of the event planner to draw up a budget for the organizer of the event once they get a brief of the nature of the event. You can successfully start an event planning company with minimal capital. The business can do pretty well if properly located.
Second on the list when it comes to starting an event management related business is starting a wedding planning company or rather becoming a wedding planner. Wedding planners organize wedding ceremonies. Wedding planning is a business that anyone with the necessary soft skills can venture into. Wedding planning requires that you take the burden of planning a wedding from the shoulders of your clients. You would need an eye for details to be successful in this business.
Another thriving event management related business idea that an entrepreneur can successfully start in the United States of America is a party supply rental company. A party supply rental business is involved in renting out tables, chairs, flatware, linens, centerpieces, stages, tents, canopies, public address system, red carpet, drums, plates, glasses, cutleries and other items for public and private events.
This is not a capital intensive business because all that is required of you is to purchase the things you want to rent out. You will also need a warehouse facility or well secured space to keep the items and also a truck to take them to and fro event venues as requested by your clients.
- Start a Party Bus Rental Company
Starting a party bus rental company is yet another good way to make money in the United States of America. A party bus rental company organizes parties for clients who want to rent their party bus. So, if you are considering starting an event management related business, then one of your options is to start a party bus rental company.
- Open an Event Planning School
Opening an event planning school is another lucrative event management related business idea that can thrive in the Unites States of America. An event planning school trains potential event planners not just to become knowledgeable, but also to write and pass professional exams and become Certified Trade Show Marketer (CTSM), or Certified Manager of Exhibits (CME), or Certified in Exhibition Management (CEM), and various other certifications. Please note that before you can operate this type of school in the United States of America, you must obtain the required license and permits.
- Start a Project Management Firm
Starting a project management firm is another interesting event management related business ideas that can be started in the United States of America. Project management is a methodical approach to planning and guiding project processes from conception to completion.
One good thing about project management is that it is not restricted to an industry. As a project management firm, you can choose to work for businesses irrespective of the industry that they belong to. The bottom line is that you should be able to help them achieve results as it relates to the project or event that they want to undertake.
- Start a Corporate Event Planning Firm
There are different niches in the event management industry and one of them is corporate event planning. If you are considering starting an event management related business in the United States of America, then one of your options is to start a corporate event planning firm.
As a corporate event planner, you job responsibility is to help corporate organizations, and government plan and execute their events from start to finish. Some of the events you are expected to plan and execute for corporate clients are annual general meetings, product launching events, fund raising events, dinners, end of year parties, amongst others.
Another sustainable event management related business that an aspiring entrepreneur can successfully start in the United States of America is an outdoor party planning firm. Outdoor part planning is a niche idea in the event management industry and as an outdoor party planner, your job responsibilities is to help your clients organize strictly outdoors events.
- Start a Sports Tournament/Competition Planning Company
Starting a sports tournaments/competitions planning company is yet another highly profitable event management related business that can thrive in the United States of America. If there is any country in the world that takes sports seriously, it is the United States of America. This goes to show that any business that is into organizing sports events will surely do well in the country.
- Start Children’s Party/Birthday Party Planning Outfit
If you are gifted with working with children, one of the best event management related businesses you can tinker with is to start children’s party/birthday party planning outfit. This is one niche area in the event management industry that is doing pretty well in the United States of America. The truth is that, it can be overwhelming organizing children’s parties and birthdays, but if you are creative and talented, you will sure make headway with this type of business.
- Start an Event Planning Consulting and Advisory Service
As an event planning consulting and advisory firm, your responsibility is to provide professional advisory services to players in the event management industry. Event planners, wedding planners and outdoor event planners amongst others will always run to you to help them take their businesses to the next level.
- Develop Event Management Software Applications
It is no longer new that loads of tech entrepreneurs are making cool cash from developing unique software apps that are making business processes easier. If you are a software apps developer and you are looking for an event management related business to start in the United States, then you can start developing event management software apps that can make life easier for event planners. One good thing about this type of business is that if your event management apps is topnotch, then you are likely going to generate money from it for a long time.
In every country, there is always a must read event related magazine that shapes the event management industry. The truth is that events are well publicized when they are published in magazines. So, if you are looking for a means to leverage on the event management services industry to make cool cash, then you should start publishing event management magazines. Just ensure that your magazine is up to date and you cover celebrity events.
- Start Blogging on Event Management Related Topics
Another means of earning income from the business value chain of the event management industry is to start blogging on event management related topics. There are loads of people out there who are making millions annually from blogging. If you are an event planner or someone who has sound knowledge of the event management industry, one of the businesses that you can consider starting is blogging on event management related subjects.
The truth is that if your blog has useful contents, you will attract loads of traffic and if you have loads of traffic on your blog, you can easily secure good advertising deals from stakeholders. Just ensure that you update your blog regularly with trendy and useful event management tips, coverage of events and dates of upcoming events and you will continue to attract traffic.
Starting an event management related talk show on radio is yet another interesting event management related business that can thrive in the United States of America. So, if you are looking towards starting an event management related talk show and you don’t have the finance to purchase airtime on TV, then going on radio is your best options.T
he truth is that, if your radio talk show is well organized and packaged to address key issues in the industry, then you will sure attract large listenership and of course mouthwatering sponsorship deals from major players in the industry in your country. It is a cool way of making money, but you must always be on your toes when it comes to developing interesting contents for your talk show.
Another event management related business that an entrepreneur should consider starting is an event management related TV show. One thing is certain, if your TV program is well organized to address key issues as it relates to the event management industry and to cover topflight events, then you will surely attract large viewership and of course mouthwatering sponsorship deals from major players in the value chain of the industry in your country. It is a cool way of making money.
Starting a recruitment agency for the event management industry is of course another event management related business idea that someone who is already a player in the recruitment industry should consider starting. Of course, there are recruiting agencies that only recruit employees for the event management industry and they are doing just pretty well. You can start by recruiting contract staffs or ushers for events.
Another event management related business idea that an aspiring entrepreneur should consider starting is to go open a business that collects, and analyzes data for the event management industry. The fact that data is a key component in planning and projecting for the future means that stakeholders in the event management services industry will be more than willing to pay premium for the purchase of event management related data.
Starting a tradeshow equipment rental business is of course one of the viable event management related businesses that can be started in the United States of America. Trade show booth and equipment rental business is all about renting out trade show booths and other relevant public-address equipment that are used in a trade show.
A trade show display is a graphic display device designed to be used at a trade fair or trade show. These may include table top displays, banner stands, pop up displays, flat panels display, and other paraphernalia used to fill a temporary stall or booth at a trade fair or convention.
Starting a tent rental business is another good event management related business that can be started in the United States of America. Tents are rented for the purpose of hosting outdoor events. Aside from the fact that the owners of a tent rental business rent their tents and make money, most of them as also engage in other complimentary services such as party rental and event planning services. So, if you are interested in starting an event management related business, then one of your options is to start a tent rental business.
- Start a Banquet Hall Rental Business
Please note that starting a banquet hall rental business is indeed a capital intensive business, because the cost of securing or building a standard banquet hall is on the high side and it is not what an aspiring entrepreneur with low financial strength can venture into. It is a business that investors with huge cash base can easily start, not just in any part of the city, but in choice areas that can attract high profile clients.
- Plan Fund Raising Events
There are event planners whose strength is in planning fund raising events; they know how to plan and raise money for events, projects and charities et al. This goes to show that starting a fund raising outfit is one of the event management related business ideas that can thrive in the United States of America. So, if you are interested in starting an event management related business in the United States, then you can start a fund raising event planning outfit.
- Start Organizing Expos and Trade Fairs
If you are good at organizing events, one of the event management related businesses that you can successfully start is to organize expos and trade fairs that target various industries. There are loads of businesses that are looking for platforms to showcase their services and products and they wouldn’t mind to embrace your platform if it is well packaged and affordable. So, if you want to settle for an event management related business in the United States of America, then you should start organizing expos and trade fairs.
Another event management related business that an entrepreneur who is good at organizing events should consider starting is to organize event planning reality shows; a show where aspiring event planners can exhibit their talents. If the show is well packaged, you will likely attract sponsorship from key stakeholders in the event management industry and even topflight corporate organizations.
- Start Organizing Awards for Event Planners
Come to think of it, one of the ways of appreciate key stakeholders in an industry is to give them awards for their contributions towards the growth of the industry. This goes to show that an entrepreneur who ventures into organizing an event that gives out awards to high performing event planners and wedding planners will sure make cool cash. In essence, if you are looking towards starting an event management related business in the United States of America, then you should consider organizing events that gives out awards to worthy event planners.
- Organize Carnivals and Other Related Events in Your Community
Another interesting event management related business that an entrepreneur should consider starting especially if you are good with organizing events is organizing carnivals and other related events in your community especially if your community attracts tourists and visitors on a regular basis.
If your events are well packaged, you can successfully get financial support and sponsorship deals from your local government and corporate organizations that operate within your community and from individuals who are interested in the event you intend organizing.
- Start a Business That Organizes Excursions for School Children
It is the tradition in most schools to take their students on excursions once in a while. Excursion is an avenue where students travel out of their schools to get first hand experiential learning. So if you are good with organizing trips and you are looking towards starting an event management related business in the United States of America, then one of your options is to package excursion trips for schools. If you are good at marketing, you will be able to seal business deals with lots of schools in and around your community.
- Start a Pilgrimage Planning Company
There are loads of religious worshipers out there who are willing to go on a pilgrimage journey just for the purpose of visiting religious sites. For example, it is the practice for Christians to visit Jerusalem and for Muslims to visit Mecca to perform religious rites.
So if you are looking towards starting an event management business in the United States of America, then one of your options in to start a pilgrimage planning company. Of course you can only concentrate on one religion, so if you are a Christian, your best option is to work with Christians and if you are a Muslim your best option is to work with Muslims.
- Start Organizing and Managing Tours for Musicians
Another flourishing event management related business that an entrepreneur who has good organizational skills should consider is organizing tours for musicians. All you need to do to get started is to ensure that you have more than a handful of cities where you are certain fans who will be willing to pay to listen to a musician under your company; it could be cities in different countries and it could cities within a country. It is a cool way of making money but you must work with others to achieve success in this type of business.
- Start Organizing Trade Delegation Trips
If you have good organizational skills, one of the event management related business that you can successfully launch is to start organizing trade delegation trips for business people. Trade delegation trips involves taking aspiring entrepreneurs and business people from one country to another country for the purpose of understudying different industries and businesses and also to network with local business men and women in the host city/country.
So if you are looking towards starting an event management related business, then you can start organizing trade delegation trips. Just ensure that you work with the chambers of commerce and industries in your country; they are your major clients.
- Organize International Retreats for Corporate Executives
Organizing international retreats for corporate executives is yet another event management business that can be started in the United States of America. No doubt there are corporate organizations who take their executives on international retreats on a regular basis.
So if you are good with organizing corporate events, one of the event management businesses that you can successfully start is to organize international retreats for corporate executives. Of course should be able to convince them of what they stand to gain if they patronize your services. This is indeed a cool way of making money.
- How Much Interest Can You Charge on Overdue Invoices? - January 25, 2021
- What to Look Out for Before Buying a Camper Van Hire Business for Sale - January 20, 2021
- Why Is It Important to Go the Extra Mile for your Clients? - January 12, 2021