How do you charge your vendors and exhibitors at your event?
If you’re like most events you charge a standard flat rate fee based on their booth size and call it a day.
But how much money are you leaving on the table by doing it this way?
Let’s dive into the conversation on if you should be charging your vendors and exhibitors a commission.
We must first preface this article by saying that I’ve been both a vendor AND a vendor coordinator/event producer.
During my time as a vendor, I never cared for commission-based shows but knew those were the ones I’d make the most money at.
As a vendor coordinator, it pushed me to provide more value to my vendors and exhibitors to drive their sales up.
If you’re reading this, you probably run a show that has booths at it. Tradeshow, Expo, Festival, County Fair, whatever the event might be we can determine the price the same way.
Let’s break this down into 5 easy steps so you can make the best decision for your event.