Party Business Growth Solutions

10/07/2024

📊 Party Business Insights: Part 9
Key Insights from Party Industry Survey and 70,000+ Events🚀🎉
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Compare Your Sales Cycle to Industry Benchmarks!
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Have you ever wondered how long it takes from the time the client makes their first request to the big event day?
Or, how many days it takes most party businesses to go from booking request to contract confirmed?
We’ve crunched the numbers from over 70,000 events, and the results might surprise you!
Understanding the typical sales cycle can help you streamline your processes and better manage client expectations.
Today, we explore some intriguing data that reveals a simple tweak that could significantly boost your revenues.
We looked at:
📅 Avg time between booking request and event date
☑️ Avg time between booking request and contract confirmation
💰 Avg time between confirmation and full payment
We even examined how these timelines vary based on:
🎉 Entertainment Type
🌍 Geography
We also share tips on how to improve in all of these metrics!
If you want to see the full report, join us in the Party Business Think Tank (Free Facebook Group for Party Business Owners).
👉 https://www.facebook.com/groups/partybizthinktank

25/06/2024

🚨New Feature: SMS/Text Messaging 📱🎉
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We're super excited and proud of our development team at Party Pro Manager for officially launching their new SMS Power-Up option 💪🥳

This optional upgrade enables Party Pro Manager users to send SMS messages to both clients AND staff.

Party Pro Manager is already known for it's incredible life-changing end-to-end booking, planning, billing, and staff scheduling tools.

It is now even MORE powerful! Studies have shown that...
✅ SMS gets 98% open rates, and
✅ 90% of texts are read within 3 minutes!

So, you'll get more bookings, easier scheduling, and faster payments!

🥴 Do you have clients claiming they "never got your email"?
🤦‍♀️ Do your staff refuse to check their email?

Add the SMS Power-Up to your Party Pro Manager account today!!

Learn more about this amazing new (optional) feature here:
https://www.partypromanager.com/sms-power-up/

02/05/2024

📊 Party Business Insights: Part 8
Key Insights from Party Industry Survey and 70,000+ Events🚀🎉
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The data reveals an often overlooked, yet simple, revenue boosting opportunity! ⬆️📈
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Are you feeling the pinch when it comes to your business earnings? You're not alone. 📉
Our recent survey revealed that nearly half of you are battling 'Inconsistent Revenue', with 49.7% identifying this as their biggest financial concern.
But what if there's a simple tweak that could help change that?
Today, we explore some intriguing data that reveals a simple tweak that could significantly boost your revenues.
We look at:
​💲 The power of add-ons and upsells
💲 The impact on your bottom line
💲 How to get started
-- and more!
If you want to see the full report, join us in the Party Business Think Tank (Free Facebook Group for Party Business Owners).
👉 https://www.facebook.com/groups/partybizthinktank

25/04/2024

📊 Party Business Insights: Part 7
Key Insights from Party Industry Survey and 70,000+ Events🚀🎉
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Deep Dive into Pricing Trends in the Party Business Industry 🎈📊
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Ever wonder if you’re charging what you’re worth? With satisfaction scores on earnings averaging at just 5.02/10, many of us might not be.
Today, we explore some intriguing data on pricing across the industry to see where we might improve. We look at:
​💲 Pricing by event type
💲 Pricing by entertainment type
💲 Pricing by region
-- and more!
If you want to see the full report, join us in the Party Business Think Tank (Free Facebook Group for Party Business Owners).
👉 https://www.facebook.com/groups/partybizthinktank

21/03/2024

📊 Party Business Insights: Part 6
Key Insights from Party Industry Survey and 70,000+ Events🚀🎉
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Digital Revolution in the Party Industry: Beyond a Trend 🎉
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Our recent Party Industry Survey revealed that despite the significant reliance party businesses currently have on digital tools to help run their business, nearly HALF of them are not using professional tools built specifically for our industry.
In this today's 'Party Business Insights', we examine the impact of the Digital Revolution on the Party Industry:
🤖 How many of us are using Digital Tools to help run our business
🤖 How much we're spending
🤖 The impact these tools have on our bottom line
-- and more!
If you want to see the full report, join us in the Party Business Think Tank (Free Facebook Group for Party Business Owners).
👉 https://www.facebook.com/groups/partybizthinktank

07/03/2024

📊 Party Business Insights: Part 5
Key Insights from Party Industry Survey and 70,000+ Events🚀🎉
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Stressed?! You are NOT alone! 🥴
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We recently shared how the Party Business Industry is grossly under-investing in Marketing and Advertising. But our recent survey and data analysis reveals that there’s actually more to this story…
In this today's 'Party Business Insights', we take a closer look at how happy party business owners tend to be, including:
⭐ Passion for their work
⭐ Stress levels
⭐ Ways to improve their situation
-- and more!
If you want to see the full report, join us in the Party Business Think Tank (Free Facebook Group for Party Business Owners).
👉 https://www.facebook.com/groups/partybizthinktank

22/02/2024

📊 Party Business Insights: Part 4
Key Insights from Party Industry Survey and 70,000+ Events🚀🎉
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Investments that pay off! 💰
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We recently shared how the Party Business Industry is grossly under-investing in Marketing and Advertising. But our recent survey and data analysis reveals that there’s actually more to this story…
In this today's 'Party Business Insights', we examine the impact of other key factors like:
⭐ Email Marketing
⭐ Professional Tools
⭐ Your time and focus
-- and more!
If you want to see the full report, join us in the Party Business Think Tank (Free Facebook Group for Party Business Owners).
👉 https://www.facebook.com/groups/partybizthinktank

15/02/2024

📊 Party Business Insights: Part 3
Key Insights from Party Industry Survey and 70,000+ Events🚀🎉
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Do you really ‘need to spend money, to make money’?! 💸🔍
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Let’s see what the data says…

In this today's 'Party Business Insights', we look at how much party businesses are spending on marketing and advertising and the impact it's having on the industry.
We cover:
⭐ Average marketing spend
⭐ Recommended marketing spend
⭐ A look at what the highest earners are doing different
⭐ Where most clients are currently coming from
-- and more!
If you want to see the full report, join us in the Party Business Think Tank (Free Facebook Group for Party Business Owners).
👉 https://www.facebook.com/groups/partybizthinktank

08/02/2024

📊 Party Business Insights: Part 2
Key Insights from Party Industry Survey and 70,000+ Events🚀🎉
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Let's Talk Annual Revenues 💰💵
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Our latest survey, with responses from 18 countries and 21 different types of party entertainers, sheds light on the pressing issue of inconsistent revenue and reveals the average earnings in our industry.
So, let's talk money 💲..
📊 Inconsistent Revenue: A Universal Challenge
A staggering 49.7% of you have voiced that ‘fluctuating income streams’ are your top financial concern, way ahead of ‘high costs’ and even ‘low profits’. This inconsistency reflects in our overall satisfaction with annual revenue, scoring an average of just 5.02/10. Clearly, there's room for growth and improvement!
💰 Annual Revenue Insights
Across the board, the average revenue hits $70,605*
Yet, it's the Foam Party Businesses leading the pack among entertainment types boasting average earnings of $90,889* (based on entertainment types where we had data from at least 50 companies in that category).
The Party Business Growth Solutions team are also really proud of our Party Pro Manager (PPM) family 🤗
PPM users are sporting an impressive average of $92,264 / year
– that's 31% above the industry average!
(though this doesn’t come as a huge surprise to us, as we consistently hear from users about the healthy revenue boost they're enjoying - One that easily surpasses the monthly cost for the system itself) 🚀
📈 The Earnings Spectrum
The earnings landscape reveals a stark contrast: 73.7% of companies earn $75k or less annually, with more than half of these earning $25k or less.
Yet, crossing the $76k threshold seems to be a pivotal moment, as companies that hit this level are more likely to soar past $100k than not.
🔍 Satisfaction Correlates with Revenue... duh!
Satisfaction levels tell a tale of aspiration and achievement.
Those earning $75k or less report a satisfaction score of 4.5 / 10 when asked how satisfied they are with how their business helps them meet their lifestyle aspirations.
While crossing over to $76k boosts this to 6.3 / 10.
And for the high-flyers earning $301k or more, satisfaction peaks at 7.2 / 10.
🚀 Spotting Opportunities Pays Off
Party Business Entrepreneurs who launched their business because they "identified a gap in the market" are averaging $96,591* in annual revenues, validating their sharp market insights!
🌈 Looking Ahead
Stay tuned, as soon we'll explore trends and strategies linked to higher earnings, so that we can all learn from the highest earning companies in our industry 💪🥳
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If you want to be sure you do not miss that info, be sure to sign up for our monthly email with 'Party Business Insights' for the next few months.
If you want to be on that mailing list, sign up here:
https://partybusinessgrowth.com/ ..
Party on!! 🎉🎈
*approximation based on self-reported income bands

02/02/2024

📊 Party Business Insights: Part 1
Key Insights from Over 70,000 Events in 2023! 🚀🎉
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🎉Most Popular Day To Party!🎈
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Hey Party Animals! We've delved into data from more than 70,000 events in the past year, from party entertainers of all kinds, from all over the world. And, the findings are eye-opening 👀..
📆 Most Popular Days to Party
Our data reveals a clear winner:
🎉 Saturday takes the lead with a whopping 49.8% of events
🎉 Sunday is the runner-up at 29.1%
🎉 Fridays are also in the mix, with 7.7% of bookings
🎉 As for Monday through Thursday, they combine for a total of 13.4%.
However, if we look at Private Birthday Parties alone, no surprise that it skews even more toward weekends, with 90.7% of birthday parties on the weekend.
🤔 Pricing Paradox: Supply vs. Demand
Interestingly, despite the high demand for weekend events, we're noticing a counterintuitive trend:
🎉 Pricing for weekend events is approximately 19% lower than that of weekdays.
🎉 Although weekends are the go-to choice, this defies the classic laws of supply and demand, suggesting we need to think about ways to optimize weekend pricing to match the demand!
Some Clues to Explain the Pricing Trends
🕒 Shorter Duration: Weekend events are generally about 10% shorter than those held on weekdays.
🎈 Party dominated: Private birthday parties tend to dominate people's schedules on the weekends, and these tend to be lower value gigs 📉 (Birthday parties are, on average, 39% lower value than non-birthday party gigs)
🚀 Forward-Thinking Questions
Is there untapped potential in adjusting our weekend pricing to better reflect the high demand?

How can we optimize our offerings to make the most of shorter event durations?

Are there opportunities to create more value in weekend events?
🤝 Let's Work Together
Please share your thoughts on these findings. Join us in the Party Business Think Tank 🎉 group where we're discussing this and a lot more!..
🎁p.s. We have a lot more stats/info to share. If you don't want to miss any of it, read on...
We'll release more stats/info as we work our way through the mountain of data we have.
We'll be sending out a monthly email with 'Party Business Insights' for the next few months while we work our way through the data.
If you want to be on that mailing list, sign up here:
https://partybusinessgrowth.com/

01/01/2024

18/12/2023

If you give us approx 10 mins of your time, we'll plan your entire year of social media content - for free!
Interested?
Last week, we opened an exclusive opportunity to a select group of beta participants, and guess what? So far, 67 party business owners have already completed our 10-min survey and taken me up on this offer! 🎉

We're excited to offer this chance to 100 more participants *this week*!

🎁 WHAT'S IN IT FOR YOU?

By spending just 10 minutes on our survey, you'll not only contribute to valuable research that will shape future trainings and resources for our community but you'll also get some fantastic gifts!

🎉 Our brand new Social Media Calendar - 2024 edition (valued at $45 USD)
🎉 Access to our Social Media Vault with over 90 curated pics, vids, GIFs, memes, ...
🎉 The exclusive Simple 'Websites That Book Gigs' Template
Remember, this is more than a survey; it's an opportunity to directly influence the tools and resources we create for our community, tailored to your needs 👊🥳
So, in a nutshell...

1️⃣ You take a ~10-min survey
2️⃣ You get some really awesome free gifts
3️⃣ we'll be extremely grateful and we'll use your input to help me create even better trainings and resources for our community.
If you want in on this, take action before it's too late!
🔗Fill out the survey here: http://r.partybusinessgrowth.com/party-biz-survey-2024
Party on!! 🎈🥳🎁

Share your insights about the party industry and get the Party Business Marketing Bundle for free! This bundle includes the Social Media Calendar 2024 and much more!