1. Event Venue
The event venue must be booked early on in the event planning process. Finding the best one would be hard because of the small budget. But, don’t let yourself deal with last-minute booking costs! It’s crucial to plan everything early. Also, since you are operating o a tight budget, try choosing off-season dates for your event.
2. Beverage and Food Costs
Think out of the box when it comes to food and beverages. At some point, you will be tempted to add expensive, more delicious meals. Just focus on your goal, and work hard to stay cost-effective. You can put up a salad bar, or signature cocktails.
3. Transportation and Location Costs
The location and transportation costs will depend on the kind of event you are organizing. Do guests need to travel, or will it make sense if you choose a venue that is close by? In what way do you want to cut event transportation costs? If you can’t lower the cost, why not mount a hybrid event with a mixture of digital and live guests?
4. Cut down the printing costs by going digital.
Take advantage of technological tools that can make your event planning routine easier. From online registration to schedule lists, you can use a website or social media platform to communicate well with your target participants. Whether you are working on a corporate event or wedding event in Malaysia, it’s highly recommended to use digital tools for a seamless event
5. Be creative and flexible.
Allow yourself to be creative and flexible in planning your event. If there is the need to stray away from conventional approaches, please do so. Some event details may be less stylish, but if it serves its function, then maybe you can just settle with that.
Practice your negotiation skills! Stay upfront and honest about your budget. In order to get the right deal, you need to negotiate with the suppliers. However, it’s crucial to know first the real market value of the items and services you are requesting.