Knowing how much to charge can seem a daunting task for many wedding suppliers. Working out how much to charge for a deposit adds an extra layer of complexity.
The first tip here is to consider the language you use; instead of using the term deposit rephrase this to a booking fee. The term deposit tends to come with the perception that it's refundable. A booking fee is generally perceived as the fee to reserve your services for a particular date.
But how much to charge? Many people will have differing views to it's good to think about what works best for you and your business. For example, some suggest you charge 50% of the total fee as the booking fee.
When setting your fee, you should factor how much money you need to cover the booking should it not go ahead. Afterall, you don't want to be left out of pocket for what you've spent and can't recover or re-use for another booking.
It's good to think about how much of your time you will be spending on the booking even before the day, such as any meetings you have with the clients.
The danger with charging too for the booking fee is whether this could be perceived as too high should someone try to claim the money back. So it's always good to make sure that the fee is reasonable and not too disproportionate against your time and costs.
How much do you charge for your booking fee?
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