A wedding is a special moment in a couple’s life that happens only once. Every year, numerous couples tie the knot. Before the pandemic, there were approximately 2.2 million weddings annually in the United States, as reported by The Knot.
According to IBISWorld, the market size, measured by revenue, of the Bridal Stores industry in Australia was $376.8m in 2022. This indicates significant potential for entrepreneurs to tap into profitable opportunities. But, do you know what these opportunities are?
In this article, we’ll share 6 wedding-related business ideas that you can start right away.
You might also like: 12 Easy Ways to Boost Your Morning Motivation
Wedding Planner
A wedding is a special event for couples, and proper planning is crucial. The wedding planning business is currently in demand because it helps couples have the perfect wedding day. As a wedding planner, you play a key role in organizing the entire event, so meticulous attention to detail is essential.
If you have a knack for planning, this business can be a great choice. On average, wedding planners can earn over A$65,000 per year, and at least 50% of couples often provide tips for the service.
Wedding Photographer and Videographer
Photographs and videos play a vital role in preserving the memories of weddings. The demand for high-quality photography and videography services is on the rise, making a career as a wedding photographer or videographer quite lucrative. It’s important to note that these two roles, although related, have distinct differences.
If you choose to become a photographer, consider practising and honing your skills by taking sample shots or watching online tutorials. Building connections with experienced photographers can also help you gain valuable insights and ideas.
For those interested in becoming videographers, gaining practical experience is key. Collaborating with other videographers can provide valuable learning opportunities. When you feel confident in your skills and ready to attract clients, having a professional website can boost your online presence and attract potential customers.
Wedding Cake and Dessert Making
Couples typically allocate around A$500–600 for their wedding cakes, making this a viable business option for baking enthusiasts. Starting this kind of venture is relatively straightforward and doesn’t require a significant initial investment. You can even run it part-time from the comfort of your home.
Before launching your business, it’s essential to master the art of crafting wedding cakes and desserts. Keep in mind that making wedding cakes can be more intricate than regular pastries, but you can charge clients a reasonable price for your exceptional creations.
Wedding Florist
Flowers play one of the main character roles in weddings, adding beauty and artistry to the occasion. To start this business, you need a creative flair and expertise in various flower arrangements. You’ll work with live and dried flowers, as well as greenery, to craft stunning decorations that will leave a lasting impression on your clients.
Starting a wedding florist business doesn’t demand a significant initial investment. You can begin with basic supplies and even operate from a small office space, such as your home, to meet with potential clients. To showcase your skills, it’s essential to build an impressive portfolio that highlights your previous floral work.
Wedding Catering Business
Food and beverages are a must-have at wedding receptions, making a wedding catering business a promising endeavour. To succeed in this field, it’s beneficial to have a background in food service, such as being a chef or a restaurant manager. While the initial capital requirement is modest, the potential return on investment can be substantial.
Running a wedding catering business involves both creativity and administration. It can be demanding as you need to create custom menus and handle multiple clients. Therefore, having a business partner can be advantageous. Additionally, you’ll need a team with strong cooking skills capable of preparing a variety of dishes.
Wedding DJ
Music is a vital component of any celebration, and if you have a passion for music, pursuing a career as a wedding DJ can be a fantastic choice.
While wedding DJs can earn a respectable income, the actual earnings can vary based on factors like experience, location, and demand. On average, DJs in Australia make around $68,500 per year, with the highest-earning DJs surpassing $116,000 annually.
To get started, you’ll need an extensive music library spanning different genres. Setting up this business requires an initial investment in equipment, including a laptop, hard drives, and a controller.