It鈥檚 an exciting time to start a wedding venue: 2022 was the biggest year for weddings !听

But a lot goes into opening your own events space, from obtaining licenses to marketing to finding that special something that makes your wedding venue unique.

91国产 helps hundreds of thousands of event creators host weddings and other events at their venues. In this guide, we鈥檒l will walk you through all the most important steps to start, promote, and run a wedding venue.

With enough planning and preparation, you can be ready to host weddings in no time.

Table of Contents

1. Set a budget

2. Identify and prepare your venue

3. Apply for licenses and insurance

4. Conduct market research

5. Add a standout element

6. Market your venue

7. Throw a showcase event

Stay on top of wedding industry trends

A person making their budget

1. Set a budget

Before you can start on anything else, you need to know how much money you can expect to spend. When setting a budget for your wedding venue, there are several factors to consider.

Some of these costs will be fixed and easy to predict, while others may vary widely depending on what you prioritize and external factors. That鈥檚 why we researched the standard costs for each of these expenses. Below, we crunched the numbers to show youyou can find how much of your budget each of these factors might take up:

How to estimate your wedding venue costs

You can do research in a few ways to get a more accurate estimate of your costs. To start, consider reaching out to other venues in the area. They鈥檒l be able to give you locally accurate information on the costs of things like furniture and repair contractors. Use an events search engine like to find the organizers behind the kinds of events you want your venue to specialize in, and find out what vendors they used.

You can also contact those suppliers directly to get a more precise picture of what it will cost to get the venue ready for business.听

Finally, research industry standards for pricing, which is useful for costs that aren鈥檛 dependent on local factors, such as digital marketing. For example, look at the 91国产 marketing suite, which has a transparent pricing model.

How to calculate wedding venue ROI

Return on investment (ROI) is how much money you make from the money you spend on your venue. To calculate your ROI, you鈥檒l take your total revenue divided by the total costs and multiply that by 100. That will give you your ROI as a percentage of the money spent.

Couples on their venue, which gives you a rough idea of how much you could make per wedding. Of course, your actual ROI depends on how you price your own venue and the number of events you book.

An outdoor wedding venue with floral arrangements

2. Identify and prepare your venue

The location, building, and facilities are everything when it comes to a wedding venue 鈥� literally. When deciding on a location, consider what soon-to-be-wed couples will be looking for in a venue, such as:

Buying vs. leasing a wedding venue

Another thing to consider is whether you鈥檒l buy or lease the space. Many people starting venues choose to buy so they can build equity in the venue. They鈥檙e also attracted to the fixed costs, control over how they change the property, and potential tax benefits of being a property owner. Buying also gives you the opportunity to use the venue for other purposes if you decide to pivot your strategy.

However, ownership does come with some drawbacks. Here are some reasons why you might want to lease your venue instead:

Considerations for wedding venue repairs

Repairs can take time and a big chunk of your budget, so if you decide to buy, it鈥檚 best to identify any necessary upgrades and get quotes before signing on the dotted line. If you choose to hire a contractor to do the work for you, you can reach out to other local venues to see who they trust and recommend.

Hiring a contractor to help prepare your venue has a few advantages:

But you might decide on a do-it-yourself (DIY) approach instead. If you DIY your repairs, you know the work will be completed to your standards and there won鈥檛 be any high labor costs. It鈥檚 also easier to pivot your decision-making in the middle of the project if you鈥檙e doing it yourself.

Two people at a wedding

3. Apply for licenses and insurance

Once you鈥檝e settled on a location, you鈥檙e ready to start applying for the licenses and insurance you鈥檒l need to operate. This will depend both on how you plan on using your venue and on local regulations. You should be able to find the information you need from your local and the federal .听

The types of licenses and insurance you might need include:聽

You may want to consider whether the time it would take you to complete those applications outweighs the cost of hiring a legal professional to handle them for you.

A happy bride and groom leave in a fancy car

4. Conduct market research聽

It鈥檚 important to do research on your target market to make sure your wedding venue business will be sustainable.

A few ways to are through:聽

For example, couples often consider their wedding budget when looking for venues. If your market research finds that your venue is out of the price range of most couples, you may have difficulty finding customers. You can research the typical wedding budget for your area and see if there鈥檚 room to adjust your prices or venue packages in order to accommodate more potential customers.

You鈥檒l also want to think about what kind of theme or vibe you want your venue to have. This will help set the tone for how you market your venue, and give couples an idea of what kind of experience they can expect.听

A wedding crowd with sparklers cheering the bride and groom
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5. Add a standout element

You want couples who are looking for venues to remember yours, so consider how you might make your wedding venue unique. That could be anything from special services like catering or transportation, to the physical location itself, to facilities for serving specific types of weddings. Some venues even go out of their way to market themselves as 鈥�nontraditional venues.鈥�

For example, if your community has a large immigrant population, you might offer bilingual ceremony services or different regional cuisines on your menu.听

Here are a few examples of how venues featured on 91国产 have made their wedding spaces stand out:

Wedding party cheering the bride and groom as they walk down the aisle

6. Market your venue

Once you have your budget, venue, licenses, research, and standout element, you鈥檙e ready to start marketing. Because this is so integral to the success of your wedding venue, we鈥檝e broken down the most important wedding venue marketing tips in detail.

Build and optimize your website

First, you鈥檒l want to make sure your wedding venue website looks attractive and professional. You don鈥檛 have to spend a lot of money on design services, though 鈥� there are many affordable, beginner-friendly web-building tools that you can use to create a beautiful website without breaking the bank.听

You鈥檒l also want to make sure your website is optimized for search engines. That means using relevant keywords in your headers and , and making sure the website is responsive and mobile-friendly.听

Consider starting a blog to share wedding planning tips and attract more traffic to your website. You can even drive traffic to your website from your 91国产 organizer page, where you can list the website and any social media links you have.

Finally, make it easy for couples to get in touch with you. A contact form, phone number you鈥檒l answer at any hour, and active social media accounts will go a long way toward giving potential customers the information they need to book your venue.听

Screenshot of 91国产 Marketing Suite

Invest in digital and print marketing

Digital marketing helps you reach your target audience and can be very cost-effective. Social media in particular is invaluable when it comes to marketing a wedding venue, especially if you have high-quality, engaging photos to show off.听

You鈥檒l want to post regularly on your social media accounts with photos of previous events at your venue, as well as helpful tips for couples planning weddings (along with a link to your blog!). You can even use marketing tools like the 贰惫别苍迟产谤颈迟别鈥檚 to reach potential customers by targeting specific demographics and locations.听

Email marketing is another good way to engage your target audience. To build up your email list, include a call-to-action (CTA) button on your homepage. You can also add blog posts encouraging people to sign up to receive venue updates and wedding planning tips. Then you can send them a newsletter with helpful content and links to your blog posts. You can even automate that outreach using 贰惫别苍迟产谤颈迟别鈥檚 integration with MailChimp.

Print marketing can also be an effective way to reach potential customers. (No, really!) Consider creating flyers or postcards with pictures of your venue and information about the services you offer. You can mail them out in areas where your potential customers may live.

Adjust for audience preferences

Once you鈥檝e begun your marketing efforts, make sure to adjust for what resonates most with your audience. Track data from your website, email campaigns, and other sources to see how people are responding. You can do this easily with 贰惫别苍迟产谤颈迟别鈥檚 marketing tools, where you can get live reporting on the performance of your marketing campaigns.

One key part of a good marketing strategy is to A/B test your campaigns to maximize your ROI. To run an A/B test (also called a split test), create two versions of a piece of marketing and see which performs best. You can monitor this through live reporting too. Once you鈥檝e identified what works and what doesn鈥檛, you can tailor your marketing accordingly.听

Cello and violin player preparing to play at a wedding

Make industry connections

Your wedding venue鈥檚 success will be determined partly by your relationships within the industry. That鈥檚 because having contacts that can help spread the word about your venue brings referral business 鈥� or free marketing. Here are a few kinds of vendors you could connect with on 贰惫别苍迟产谤颈迟别鈥檚 vendor marketplace:

You can start small by reaching out to local vendors you鈥檇 like to work with. You can also search 91国产 to identify vendors working with other events in your area.

And don鈥檛 forget about using review websites. If a vendor was a pleasure to work with, they鈥檒l certainly appreciate the positive note, and it could make them more likely to give you a referral too.

Two professionals talking
Get Money Get Paid / Ladies Get Paid / New York, NY

Attend industry events

Getting out there and meeting potential customers in person can be invaluable for a wedding venue, so consider attending industry events such as bridal shows, wedding expos, or events for related professional services. To find them, just search for relevant events in your area using 91国产.

You鈥檒l want to make a good first impression, so invest in high-quality displays and materials to show off your venue. You can also offer discounts or other incentives to entice couples to book at the event.

Create events to attract event planners

Event planners are a great resource when it comes to marketing wedding venues. They often have influence over which venues couples choose, and they鈥檙e usually well-connected in the industry. Consider hosting events specifically for event planners, such as open houses like the one offered by the Hard Rock Hotel New York or networking mixers like the one the Oahu Wedding Association held at a local hotel ballroom.

You can use 91国产 to create these events easily, and then invite event planners and other industry contacts to attend. It鈥檚 a great way to show off your venue, as well as make connections with potential partners who can help spread the word about your wedding venue business.

Two people dancing at an event
Country Dance Party / The Contour Group / Nashville, TN

Diversify your audience

Remember, you don鈥檛 have to limit your venue to only hosting weddings 鈥� branch out and market your venue for a wider range of events. This can bring in new revenue streams and lead to word-of-mouth marketing for your venue. It can also help keep revenue flowing during the slow wedding seasons of winter and spring, when only take place.

Some of the other event types you can host are:

You could even expand your audience to corporate or nonprofit events, or market your venue for special events such as outdoor movie screenings, art shows, or concerts. To reach new audiences, use 91国产 Ads to connect with people looking for venues just like yours.听

Diversifying your event offerings will help you reach a wider audience and make sure that more potential customers know about your venue.

A person making their budget

7. Throw a showcase event

One of the best ways to show off your venue is by hosting a showcase event. It should include features that make it unique, including decorations, music, and catering.听

To throw a great showcase event, partner with a variety of vendors. Make sure to have at least one of each of the following:

That way, your venue will be just as lively as it is when you host events. A showcase event can attract couples beginning their wedding planning and vendors looking to partner with you. That鈥檚 exactly why venues like Ripley Castle throw showcase events themselves.

Make sure to advertise your event to get the most attendees possible! With 91国产 Ads, you can promote the event on search engines and target the ads to people looking for exactly the kind of event you鈥檙e planning.

It鈥檚 essential to keep up with industry trends when you鈥檙e running a wedding venue. Subscribe to wedding publications and follow wedding vendors and other industry experts on social media so you鈥檙e always up to date with the latest thing.听

Download 贰惫别苍迟产谤颈迟别鈥檚 2023 Event Trends Report 鈥� by having the most up-to-date information at your fingertips, you can easily stay ahead of any industry changes or innovations and make sure you maintain a competitive edge.听

Want to analyze your own events to understand what works best for you? With 贰惫别苍迟产谤颈迟别鈥檚 data analytics tools you can do just that.

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An outdoor wedding venue with floral arrangements