{"id":13983,"date":"2018-03-13T08:00:02","date_gmt":"2018-03-13T13:00:02","guid":{"rendered":"https:\/\/blog.qceventplanning.com\/?p=13983"},"modified":"2018-03-13T08:00:02","modified_gmt":"2018-03-13T13:00:02","slug":"guide-event-decor-rent","status":"publish","type":"post","link":"https:\/\/www.qceventplanning.com\/blog\/2018\/03\/guide-event-decor-rent","title":{"rendered":"Guide to Event Decor: To Rent or To Own"},"content":{"rendered":"<p>You\u2019ve probably built your business off the back of your <a href=\"https:\/\/www.qceventplanning.com\/online-event-courses\/event-and-wedding-planning\/\" target=\"_blank\" rel=\"noopener\">event planning certification<\/a>. After a few years in business, you may start looking for ways to boost your salary. Some planners look into adding on specific planning specializations. Others turn to <a href=\"https:\/\/www.qceventplanning.com\/online-event-courses\/event-decor\/\" target=\"_blank\" rel=\"noopener\">event decor training<\/a> to become a double threat in their local industry. From there, experienced decorators toy around with the idea of building their own decor inventory. The idea is that planners can earn some extra cash by renting out their supplies.<\/p>\n<p>Purchasing your own decor invites a host of new responsibilities. A decision like this impacts your finances, client satisfaction and your reputation as an event planner! Not sure what to do? Read on to find out the pros and cons of renting or owning your event decor.<\/p>\n<p><a href=\"https:\/\/blog.qceventplanning.com\/wp-content\/uploads\/2018\/03\/shutterstock_1035240532.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"672\" height=\"448\" class=\"alignnone size-full wp-image-13987\" src=\"https:\/\/blog.qceventplanning.com\/wp-content\/uploads\/2018\/03\/shutterstock_1035240532.jpg\" alt=\"\" srcset=\"https:\/\/www.qceventplanning.com\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_1035240532.jpg 672w, https:\/\/www.qceventplanning.com\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_1035240532-300x200.jpg 300w\" sizes=\"auto, (max-width: 672px) 100vw, 672px\" \/><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.qceventplanning.com\/blog\/2018\/03\/guide-event-decor-rent\/#Renting_your_decor\" >Renting your decor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.qceventplanning.com\/blog\/2018\/03\/guide-event-decor-rent\/#Buying_your_decor\" >Buying your decor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.qceventplanning.com\/blog\/2018\/03\/guide-event-decor-rent\/#Pros_of_Buying_Event_Decor\" >Pros of Buying Event Decor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.qceventplanning.com\/blog\/2018\/03\/guide-event-decor-rent\/#Cons_of_Buying_Event_Decor\" >Cons of Buying Event Decor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.qceventplanning.com\/blog\/2018\/03\/guide-event-decor-rent\/#Insurance_options_for_storing_event_decor\" >Insurance options for storing event decor:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.qceventplanning.com\/blog\/2018\/03\/guide-event-decor-rent\/#Storing_your_items\" >Storing your items:<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Renting_your_decor\"><\/span>Renting your decor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Most planners start out by renting decor from other companies. The more you work with your vendors, the better your working relationships will be. Over time, you may be able to score discounts for your clients. Bonus points! You\u2019ll also have more flexibility when you rent decor. You\u2019ll be able to find more creative pieces that owning your own decor may bar you from. You can incorporate your client\u2019s <a href=\"https:\/\/blog.qceventplanning.com\/2016\/03\/event-decor-to-diy-or-not-to-diy\/\" target=\"_blank\" rel=\"noopener\">DIY projects<\/a>, rented decor, and thrifted pieces. Accessing a wide variety of items allows you to be creative during the design process. Every wedding you plan can look completely different from one another. Your portfolio will showcase a variety of unique decor items that truly suit your client\u2019s vision.<\/p>\n<p>While renting provides many benefits, there are some cons. The first would be losing out on a revenue stream. You won\u2019t be <a href=\"https:\/\/blog.qceventplanning.com\/2017\/11\/use-event-decor-boost-salary\/\" target=\"_blank\" rel=\"noopener\">making money off decorating<\/a>&#8230; you&#8217;ll need to incorporate rental costs into what you\u2019re charging your client. Meanwhile, if you\u2019re doing the actual event design and planning, ensure you add a service fee!<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Buying_your_decor\"><\/span>Buying your decor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Buying your own decor means you\u2019ll have an extra revenue stream. This is the primary advantage of holding your own inventory. But buying your decor comes with more responsibilities than you may expect. Here are the pros and cons of buying decor for your company!<\/p>\n<p><a href=\"https:\/\/blog.qceventplanning.com\/wp-content\/uploads\/2018\/03\/shutterstock_615358334.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"672\" height=\"448\" class=\"alignnone size-full wp-image-13989\" src=\"https:\/\/blog.qceventplanning.com\/wp-content\/uploads\/2018\/03\/shutterstock_615358334.jpg\" alt=\"\" srcset=\"https:\/\/www.qceventplanning.com\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_615358334.jpg 672w, https:\/\/www.qceventplanning.com\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_615358334-300x200.jpg 300w\" sizes=\"auto, (max-width: 672px) 100vw, 672px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Pros_of_Buying_Event_Decor\"><\/span>Pros of Buying Event Decor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Some items are universally found: table runners, cloth napkins, sign holder, etc. You\u2019ll use them again and again, why not just purchase them?<\/li>\n<li>You won\u2019t lose revenue to another decorating company\u2014you\u2019ll supply it all!<\/li>\n<li>Buying your own decor doesn\u2019t mean you can\u2019t rent anymore. You can always buy what you need and rent \u201ctrendy\u201d pieces to complete an event\u2019s look.<\/li>\n<li>You could rent out stock to planners, other companies, and couples who plan their own wedding. They may not need your services, but you can still stand to make money off your stock.<\/li>\n<li>If something happens to decor you\u2019ve hired, you can supplement the missing items with your own to rescue an event.<\/li>\n<li>Knowing what you have in your inventory makes designing the look and feel of the event a breeze.<\/li>\n<li>You\u2019ll conduct heaps of research before making your bulk decor purchases, thus ensuring quality materials for your clients.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/blog.qceventplanning.com\/wp-content\/uploads\/2018\/03\/shutterstock_789623335.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"662\" height=\"448\" class=\"alignnone size-full wp-image-13990\" src=\"https:\/\/blog.qceventplanning.com\/wp-content\/uploads\/2018\/03\/shutterstock_789623335.jpg\" alt=\"\" srcset=\"https:\/\/www.qceventplanning.com\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_789623335.jpg 662w, https:\/\/www.qceventplanning.com\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_789623335-300x203.jpg 300w\" sizes=\"auto, (max-width: 662px) 100vw, 662px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cons_of_Buying_Event_Decor\"><\/span>Cons of Buying Event Decor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>You\u2019ll incur high initial costs when you buy everything for the first time.<\/li>\n<li>As you gain experience, you\u2019ll learn what patterns and colors are typically requested in decor. If you\u2019re just starting out, you may invest in pieces that won\u2019t be used often.<\/li>\n<li>You might be tempted to guide a client\u2019s vision towards a theme your rentals can accommodate, rather than what suits their goals best.<\/li>\n<li>You\u2019ll have other indirect costs: washing linens, renting storage units, hiring extra hands to transport the items from storage to the event.<\/li>\n<li>You\u2019ll need insurance for your inventory.<\/li>\n<li>You\u2019ll have to track, clean, repair, and replace items as necessary.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/blog.qceventplanning.com\/wp-content\/uploads\/2018\/03\/shutterstock_764378485-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"672\" height=\"448\" class=\"alignnone size-full wp-image-13991\" src=\"https:\/\/blog.qceventplanning.com\/wp-content\/uploads\/2018\/03\/shutterstock_764378485-1.jpg\" alt=\"\" srcset=\"https:\/\/www.qceventplanning.com\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_764378485-1.jpg 672w, https:\/\/www.qceventplanning.com\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_764378485-1-300x200.jpg 300w\" sizes=\"auto, (max-width: 672px) 100vw, 672px\" \/><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Insurance_options_for_storing_event_decor\"><\/span>Insurance options for storing event decor:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If you\u2019ve decided to buy your own stock, your next step is to think about insurance. Insurance talk is never fun. Find out if your existing business insurance will cover this addition. If it doesn\u2019t, you\u2019ll have to look into other options to find the right fit for you. Don\u2019t be afraid to talk to your insurance agent. In general, you should consider three types of insurance:<\/p>\n<ol>\n<li><strong>Storage content insurance:<\/strong> To protect your goods from theft or damage when they\u2019re in storage.<\/li>\n<li><strong>Vehicular \/ transportation insurance:<\/strong> Whether it\u2019s renting a moving vehicle or investing in your own moving van, insurance is a must! If you hire movers, make sure they have liability insurance coverage.<\/li>\n<li><strong>Professional liability insurance:<\/strong> To cover any damage to your items while you\u2019re on the job.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Storing_your_items\"><\/span>Storing your items:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/blog.qceventplanning.com\/wp-content\/uploads\/2018\/03\/shutterstock_635737589.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"672\" height=\"448\" class=\"alignnone size-full wp-image-13992\" src=\"https:\/\/blog.qceventplanning.com\/wp-content\/uploads\/2018\/03\/shutterstock_635737589.jpg\" alt=\"\" srcset=\"https:\/\/www.qceventplanning.com\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_635737589.jpg 672w, https:\/\/www.qceventplanning.com\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_635737589-300x200.jpg 300w\" sizes=\"auto, (max-width: 672px) 100vw, 672px\" \/><\/a><\/p>\n<p>There\u2019s no denying that your storage options depend on the size of your stock. But don\u2019t forget there are other criteria to consider. You should factor in the security of the property, the climate of the space (cool and dry are best), and the ease of access.<\/p>\n<p>Store your inventory carefully. Pack fragile items in bubble wrap, place linens and fabrics into waterproof bins, and cover your items to avoid dust. If humidity is a problem, purchase some vapor barrier plastic. The last thing you want is moisture wreaking havoc on your inventory!<\/p>\n<p>When you\u2019re starting out, you\u2019ll probably store your stock in your basement or garage. As your collection grows, you\u2019ll find you need more space. At this point, decorators usually turn to third-party storage facilities. Renting a storage locker will have additional security, climate regulation, and (likely) content insurance. If you\u2019re buying enough furniture and decor items for more than one event at a time, upgrading to a warehouse is your best bet.<\/p>\n<p>Do you own or rent your decor? Let us know what\u2019s working for you!<\/p>\n<h3 align=\"center\"><i>Want unique decor pieces but not sure where to look? Check out these <a href=\"https:\/\/blog.qceventplanning.com\/2018\/09\/top-5-places-to-buy-event-decor\/\" target=\"_blank\" rel=\"noopener\">top 5 places to find event decor<\/a>!<\/i><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Deciding between renting or buying decor for your event planning business can have a huge impact on your salary. Read more to discover when to buy and when to rent!<\/p>\n","protected":false},"author":9,"featured_media":13985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[2,10,11],"tags":[],"ppma_author":[351],"class_list":["post-13983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-free-resources","category-career"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Guide to Event Decor: To Rent or To Own - Pointers for Planners<\/title>\n<meta name=\"description\" content=\"Deciding between renting or buying event decor for your event planning business can have a huge impact on your salary. 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Read more to discover when to buy and when to rent!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.qceventplanning.com\/blog\/2018\/03\/guide-event-decor-rent\" \/>\n<meta property=\"og:site_name\" content=\"Pointers for Planners\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/QCEventPlanning\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-13T13:00:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.qceventplanning.com\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_502050847.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"672\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Celena Feng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Celena Feng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.qceventplanning.com\/blog\/2018\/03\/guide-event-decor-rent\",\"url\":\"https:\/\/www.qceventplanning.com\/blog\/2018\/03\/guide-event-decor-rent\",\"name\":\"Guide to Event Decor: To Rent or To Own - Pointers for Planners\",\"isPartOf\":{\"@id\":\"https:\/\/www.qceventplanning.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.qceventplanning.com\/blog\/2018\/03\/guide-event-decor-rent#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.qceventplanning.com\/blog\/2018\/03\/guide-event-decor-rent#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.qceventplanning.com\/blog\/wp-content\/uploads\/2018\/03\/shutterstock_502050847.jpg\",\"datePublished\":\"2018-03-13T13:00:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.qceventplanning.com\/blog\/#\/schema\/person\/158edbd40fc32c99a76e01e38fe5ecda\"},\"description\":\"Deciding between renting or buying event decor for your event planning business can have a huge impact on your salary. 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