Remove Food and Beverage Remove Negotiating Remove Resources Remove Speakers
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Two Tensions Keeping Senior Event Professionals Up at Night

Velvet Chainsaw

The big three include food & beverage, A/V + production and speakers/entertainment. In addition to negotiating and locking in pricing, some of the tactics to consider are: Decreasing the event length by a couple hours or half-day. Utilizing industry speakers for one of your keynote slots.

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Win at Negotiating AV Services with Hotels

Smart Meetings

However, leaving audio visual (AV) equipment services to the end could be a costly mistake, especially when negotiating these services with a hotel. You have the most negotiating power before signing the contract. Areas for Negotiation. Many hotels will ask for a surcharge as a condition of using a preferred AV resource.

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Building a Winning Corporate Events Program: 7 Critical Success Factors

Attendease

This includes considering your internal resources (budget, stakeholders, event management software) and external resources (sponsors, vendors, partners). Include logistical details, session descriptions, speaker bios, FAQs, and personalized calls-to-action to drive conversions. Pssst, event marketing software can help with this.)

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Money Talks: Defining an Event Budget

TicketBud

Now, imagine showing up to the event, hearing that most speakers backed out after not getting paid, and then being asked to help cover the costs of the event’s outstanding hotel bill of $17,000. A clearly defined budget provides a framework for decision-making, enabling event organizers to strategically allocate resources.

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13 Corporate Event Planning Mistakes That Will Cost You Money

Attendease

Managing one corporate event can be demanding enough, so when it comes to managing multiple events, the time, resources, and details involved can make it a challenging endeavour. Errors can lead to wasted money, time, and resources. Poor budget accountability. There can be a temptation to go over budget without accountability.

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A Planner’s Guide to Event Vendors 

Social Tables

Planners may rely on one or two vendors for smaller events, like a business luncheon, while food vendors may make up as much as 5% of the total attendee count at massive outdoor events (e.g., Food & and beverage suppliers. Food and beverage (F&B) suppliers play a significant role in most events.

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10 Cost Saving Tips for Planners

Smart Meetings

Most properties will negotiate for a lower price if they can lock in the business for two or three years. Food and Beverage. Modify your menus: It’s sad but true that food is often wasted at meetings. Tap your speakers’ bureau. Contracting. Daily analysis will help to spot discrepancies in the moment.