Yesterday we introduced you to wedding business superstar Michelle Loretta of Sage Wedding Pros, who has put her finance expertise to work helping wedding professionals amp up their business with practical solutions. Today we’re excited to share some of her fabulous tips for marketing, branding, and finance!
The question: what advice do you have for professionals who want to improve their wedding marketing?
1) Invest in branding identity: your business website, business cards, promotional information. I see far too many wedding businesses investing in ads before their website is presentable. You lose the marketing dollars spent on an ad if your customer comes to your website and logs off.
2) It’s important to have a good mix of promotional activities. When you make a financial investment in the stock market, you have to diversify your investment… spread our money into lots of different things so you don’t lose the farm in one place. It’s the same with marketing. Spread your efforts into lots of different areas:
- Advertising
- Networking
- Publishing
- Social Media
…and so on. There will be years where one activity brings you a ton of business. And, later it’ll fizzle out. Try something else. But keep an eye on your results and you’ll be able to adapt our marketing efforts as needed.
3) These days, being published has become increasingly important. Engaged couples look to see if wedding professionals have been published to gain a sense of trust. Being published gives you a ‘stamp of approval’ by the wedding industry. And, as the adage goes, getting a feature in a magazine or on a blog is free publicity. And, with platforms such as Two Bright Lights, getting published has never been easier. (I’m so amazed by you ladies at TBL! You really do make it easy!)

Finally: What do you think is the single most important thing a wedding professional can do to improve the success of their business?
I’m completely biased because of my finance background. And, I’m going to speak only for the wedding industry. I don’t believe enough business owners have a firm grasp on their financial results and how to use the information to assess performance.
The single most important thing a wedding pro can do is to KNOW their NUMBERS. You can have the most innovative product or service, incredible branding, outstanding marketing, and amazing operational structure. But, if you don’t know if you are making any money, and how marketing activities correlate, then those other factors can’t save you. By knowing your numbers you have the power to build your business. Numbers are the only benchmark of performance.
Be sure to check out Michelle’s blog for tons of practical business advice (like this post on Pricing Products & Services in the Wedding Industry). Thanks so much to Michelle for taking the time to share her fabulous insight!
Want more great advice from Michelle? Just in time for 2012, Sage Wedding Pros is offering $100 off The Simple Plan Exclusive which is their one-to-one partnership with small business owners to help build a business plan. Simply visit The Simple Plan website to learn more about The Exclusive and enter the discount code “TBL” when you enroll. This offer is only good through December 30th and space is limited to first-come-first-served!
(Image: Creative Commons)






















