Wedding venues should diversify their revenue streams to maximize earning potential. Here are six additional revenue stream ideas for your wedding venue:

1. In-house bar: Offering a bar service at your wedding venue can generate considerable revenue. This revenue option has many responsibilities and additional liabilities, which must be considered. There are numerous ways to run a successful bar; as mentioned, it can provide a massive return.
2. Accommodations: Consider adding onsite lodging to your wedding venue. Onsite lodging can be anything from cabins and cottages to tiny homes and rooms for guests to stay overnight. 
3. Farm store: Consider opening a farm store if your wedding venue is rural or on a farm/ranch. Examples of things you can consider selling are retail goods, cottage products, anything that is small-batch, custom-branded gear, the list goes on.
4. Wedding planning: Offering wedding planning services can be a great way to generate additional revenue. Most venues require, at minimum, that their couples hire Day of Coordination. Bringing this in-house is easy and effective at creating extra income, not to mention the benefits of marketing this inclusion. 
5. Decor rentals: Many couples seek unique decor to make their weddings stand out. You can offer decor rentals at your venue, including everything from centerpieces to lighting to furniture.
6. High-ticket Events: You can host educational conferences and workshops at your venue. This can range from industry-specific conferences to personal development workshops. Events generate high ticket sales and add another revenue stream for your wedding venue.

 

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Lindsay: [email protected]

Kinsey: [email protected]