(Closed) At what point do vendors start lowering their prices? How close to wedding?

posted 4 years ago in Money
  • poll: How close to the wedding does a vendor start lowering their price?
    6 months : (1 votes)
    3 %
    3 months : (1 votes)
    3 %
    2 months : (4 votes)
    11 %
    1 month : (2 votes)
    5 %
    2 weeks : (0 votes)
    1 week : (0 votes)
    Never : (30 votes)
    79 %
  • Post # 3
    Member
    948 posts
    Busy bee
    • Wedding: November 2012

    I’m not a vendor but I would think the opposite would happen. Assuming the closer to the big day, the more desperate you are for a vendor to cover your event. 

    Post # 5
    Member
    11760 posts
    Sugar Beekeeper
    • Wedding: November 1999

    I don’t know how big of a discount you will score.  From what I Know from photographer and videographer friends, their margin is very small as it is, so they have little flexibility in their pricing if they want to make $ on an event.  So, they’d just not take a job they’d lose money on before they would lower their price.  

    Post # 6
    Member
    27 posts
    Newbee
    • Wedding: June 2014

    I think a photographer or videographer has more to lose, than say a DOC. Their prices are set according to the market and they barely make a profit when it’s all said and done. I would just find a decent vendor in your price range.

    Post # 7
    Member
    3462 posts
    Sugar bee
    • Wedding: May 2012

    If word gets out a vendor lowers their prices, they may have difficulty selling at full price later.  A good vendor also may not be interested in trading leisure time for lower pay either.

    Another field, but my dad does speeches and charges a pretty penny for them.  He would never discount.  (He also does not believe a negotiation means he drops his prices, which is what most people ask about, but rather that both get something out of the negotiation.

    Post # 8
    Member
    790 posts
    Busy bee
    • Wedding: February 2014

    No discounts. Its the same amount of work. Sometimes its more work because its last minute.

     

    However, waiting till late in the game may get you someone willing to reduce their minimum hours. Say they have a 5 hour minimum, they may do a three hour for you.

     

     

     

    Post # 9
    Member
    850 posts
    Busy bee
    • Wedding: June 2013

    It seems to me that early-bird discounts are more common than last-minute ones. We got an early bird discount with our DJ and if we had waited on booking our venue by a few months, the price would have gone up significantly.

    Post # 10
    Member
    335 posts
    Helper bee
    • Wedding: June 2013

    I got a discount booking our photographer over a year in advance 

    Post # 11
    Member
    748 posts
    Busy bee
    • Wedding: June 2013

    @remijp:  Ditto I got a discount for paying/booking my DJ all at once about a year out. 

    Post # 12
    Member
    12 posts
    Newbee
    • Wedding: February 2013

    the closer the wedding some vendors might not be able to work within your budget. It is always best to hire vendors in advance and tell them your budget. You can always negoiciate prices with all vendors some more than others. But never take the first offer!!

    Post # 13
    Member
    28 posts
    Newbee
    • Wedding: July 2014

    I recommend you book vendors in advance.  as you get closers, they might be booked already.

    Post # 14
    Member
    644 posts
    Busy bee
    • Wedding: May 2014

    We made a last minute decision to get married in 7 months instead of waiting 15 months like we planned originally.  The only reason we’re getting deals is because we picked a February date so winter discounts are everywhere.  Also – most brides have their dates so it works in our favor booking it so soon.

    Our DJ said she comes down on rates for last minute bookings (like the week or 2 before) because she would rather make $800 than her usual $1300.  Think about it – if your vendor has  your date free in a few weeks are they really going to pass it up if they have nothing going on?   Some money is better than no money.  It could really work in your favor.   Just don’t act like you want a videographer that bad when you call.   Act like you’re kind of wishy washy about it and you could take them or leave them.  

    Just say you had a little extra room in your budget and thought – heck – let’s see if we can get a videographer.   I think you’ll get some bites.                                                            

     

    Post # 15
    Member
    3142 posts
    Sugar bee
    • Wedding: September 2012

    Counting on a vendor that is reputable and going to give you the product outcome you are hoping for, as well as be available for a last minute booking and give you a discount would be taking a huge risk. If you really want a budget friendly price for videography do some research in your are to see if someone can offer you a package within your budget. Otherwise you could look at hiring someone like a student who needs to build thier portfolio as they are usually willing to work at a discounted rate. 

    Post # 16
    Member
    3260 posts
    Sugar bee
    • Wedding: August 2013

    @PrincessBride27:  If you drop your price at 2 months out, why would anyone book you farther in advance at full price?  It undermines your pricing structure, and margins.  Especially, if you have to bring in staff, there are expenses you have to meet to take the booking; if you’re not going to make your margins, why would you book it?  The margins are likely thinner than you believe.  If you’re a one-man operation, and you’re making an income you’re happy with, why would you give up a day off to take only a few hours’ work, or make only a little money?  If your boss came into your office and said “totally optional, but if you want to work 3 hours tomorrow at two thirds your regular wage, come in at 1:30” would you really give up your Saturday afternoon?

    I hope you find someone you can afford, though.  Have you considered contacting a film school in the area and asking around to some professors if there are any students they would reccomend?

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