MYTH #2:  Haggling = Negotiation

Over the past few days, we’ve been breaking down the 5 biggest wedding myths. Today we’re tackling Myth #2: “I can haggle my vendors down to nothing!”

A powerful sign that a wedding vendor is worth every penny is when they don’t offer drastic discounts. That means a) they have experience and know-how, and understand exactly how much they need to charge to make sure you have all the resources (time, labor, materials, etc.) you need from them and b) they are so secure in their reputation and referral base that if you don’t choose them, then they’ll find another client who values them for their actual worth. It’s as if they are saying, “Go ahead – find someone new, inexperienced, and low priced, and best of luck to ya. I’ll wait for the next client who comes along and truly values me.”

Tip:  When negotiating, be reasonable. Fridays and Sundays almost always mean price reductions at venues; Fridays in particular have become very popular in the wedding world, and tend to last as late as Saturday night weddings. Also, meet the vendor in the middle – whether it’s shaving off an hour of the time frame for the photographer’s active time or letting the florist pick more cost effective blooms that still stay in your color scheme.

To save on decor budget, we advised the bride to use lanterns and floral pieces, down her wedding aisle, then we repurposed them as cocktail/lounge decor. Photo by Collective Perception.

To save on decor budget, we advised the bride to use lanterns and floral pieces, down her wedding aisle, then we repurposed them as cocktail/lounge decor. Photo by Collective Perception.

Tip:  Also keep in mind the wide swings in pricing from one vendor to another. If Vendor A charges $1800, and Vendor B charges $1500, but Vendor C charges $700, something is way off with Vendor C.   That’s just the economics of supply and demand, simple as that. Vendor C may be a diamond in the rough just starting out and building their clientele – but you better check solid references on them just to be sure. Why? Because they have not established a market value – what the consumer is willing to pay for their services. And they won’t be charging that little for much longer at all, because eventually – no exaggeration – they will make more money slinging lattes.

 

Find a way to make it work, and remember the realities you are working with. Once you understand actual and realistic costs, you can learn to move forward making smart, cost effective decisions!

 

We’re no strangers to negotiation and far, win-win agreements between clients and vendors.  Contact us anytime here or at 310-562-3306.  Happy planning!