New Year, New Partners Happy New Year 2024 and Welcome to Season 7 of the Podcast! In this episode we are talking about the new year and why it is so important to review your partners and make changes as needed.
New Year, New Partners
Happy New Year 2024 and Welcome to Season 7 of the Podcast! In this episode, we are talking about the new year and why it is so important to review your partners and make changes as needed.
GOAL SETTING:
https://www.youtube.com/watch?v=EOuf5UoFyJE
BUY THE GOAL SETTING BOARD:
https://shop.andreaeppolito.com/trello_board
WHY WOULD YOU CHANGE YOUR PARTNERS:
Keeping Up with Trends: The wedding industry is dynamic, with new trends emerging regularly. An established planner might shift their vendor mix to stay current with these trends and offer clients the most up-to-date options in terms of themes, decorations, catering, and technology.
Improving Quality and Services: If a planner finds that certain vendors are no longer meeting the high standards expected by clients or themselves, they might seek out new vendors to ensure consistent quality and exceptional service. This shift can also be driven by a desire to provide more unique or specialized services that current vendors don't offer.
Cost-Efficiency: Financial considerations can lead to changes in the vendor mix. If a planner finds vendors offering competitive rates for the same or better quality services, they might switch to reduce costs for their clients or improve their own profit margins.
Client Demands and Diversity: Different clients have varied preferences and needs. To cater to a diverse clientele, a planner might expand or change their vendor mix to include those who can provide specific cultural, dietary, or stylistic requirements.
Vendor Performance Issues: Issues such as reliability, quality of service, professionalism, or even changes in management within a vendor's company could prompt a planner to seek better alternatives.
Expanding Network and Collaborations: Building relationships with new vendors can open up opportunities for collaborations that were not possible before. This can lead to exploring new markets, styles, or even geographical areas.
Personal and Business Growth: Sometimes, the change is driven by the planner's own growth and evolution in their business philosophy, style, and goals. They might seek vendors who align more closely with their current brand image and future direction.
Ethical and Sustainable Choices: There's a growing trend towards sustainability and ethical practices in the wedding industry. Planners may change their vendor mix to partner with those who offer eco-friendly options or adhere to certain ethical standards.
BENEFITS OF BRINGING ON NEW COLLABORATORS
Diverse Options for Clients: New partners and vendors can provide a wider range of styles, services, and price points. This diversity enables you to cater to a broader spectrum of client preferences and budgets, ensuring that each wedding is unique and personalized.
Innovative Ideas and Trends: New partners often bring fresh ideas and stay updated with the latest trends in the wedding industry. By collaborating with them, you can offer your clients the most contemporary and fashionable choices, from decor to catering styles.
Competitive Edge: Having a network of varied and reliable vendors and partners can give you a competitive advantage. It demonstrates your capability to handle different types of weddings and challenges, which can attract more clients seeking comprehensive and versatile wedding planning services.
Risk Management: Building relationships with multiple vendors and partners can serve as a safety net. If one vendor faces a problem or is unavailable, you have alternative options to ensure that the wedding plans proceed smoothly without significant disruptions.
Business Growth and Networking: Establishing connections with new vendors and partners can lead to referrals and joint ventures. These relationships can help grow your business, as vendors often recommend planners they trust to their clients, and vice versa. Additionally, networking within the industry can open doors to more significant opportunities and collaborations.
NOTE: This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in NO WAY obligated to use these links. Thank you for your support!