Short video (transcript) by Donna Genie advising studio owners to use party bookings as additional revenue by offering three tiered party packages (bargain/basic, mid-level with extras, premium ‘ego’ package). Recommends including add-ons (pizza, cake, balloons), setting rules/guidelines, and being willing to say no to requests that deviate from the plan.
Parties can be a great additional revenue source for you. It's a lot of people coming in at one time. So it's sometimes easier to get the revenue in in larger forms because you have multiple people rather than one at a time sales.
However, I hear a lot of people.
Say they're concerned about their parties.
They get a little out of hand sometimes.
Sometimes some overbearing parents coming in. They want to do things that may not be part of your party plan.
So take a look at your party plans. I highly suggest that you offer three different options.
Three is a magical number from the psychology of selling. So offer three different options.
Your low end is your bargain price. That is as low as you will go. Your mid level price includes some extra perks.
And your highest level package is for the ego family. We all seen a few of those. Have that one so that you can compete with so and so's. Friend down the street had a party and you want to beat them out. Have that high level party for those.
Parents too and allow people to spend money with you.
Don't just offer them one option, give.
Them three choices of what you can do for your parties. Perhaps your mid or your upper level.
May include ordering pizza or having some food brought in or a cake or something like that.
Your bargain basement price, it's not really.
The bargain, but your bargain basement price.
Is probably the price tag that you.
Have today if you just have one choice available. Okay, got that.
So your price that you have on.
A party today is your bargain basement offering. Okay, the mid level, add something to it. Maybe you've got balloons, maybe you've got a cake. Your upper level party, maybe there are more choices of higher level pieces they can choose from. Or maybe you're offering pizza, a longer party, something bigger.
Okay, so look at your party structure and offer some choices.
Make sure that you set rules and guidelines. Don't stray from them.
Not every parent has to create their.
Different experience for their party.
You handle the party, you provide it. You are in charge and it is.
Okay to say no. Practice saying no. All right, Take those parties to the.
Next level and let's get some good.
Success and some more revenue coming in from there. I'm Donna Bordeaux with pyopaccounting.com thank you.
