Two Bright Lights, Inc. recently launched a first for the wedding industry: a robust introspective survey into how the small businesses that comprise the $86 billion dollar industry operate. The goal? To help wedding professionals market their businesses better by fostering a collaborative environment. The difference? Industry titans such as The Knot and Martha Stewart Weddings run surveys routinely to understand brides and their the planning process. Until now, no one has been focusing on gathering the insights related to business-to-business relationships in the wedding industry.
With estimates of 100,000 wedding vendors country wide, the US wedding industry is incredibly fragmented with vendors serving very localized markets. According to WeddingBusinessMarketing.com, more than 95% of wedding businesses fail within the first five years. Although wedding vendors know their craft well, failure rates are high because they often lack knowledge when it comes to running a business, fail to advertise adequately, or advertise ineffectively. With the challenging economic situation, some wedding planners have lost 60% of their business from 2008 highs. In this environment, understanding marketing effectiveness is absolutely critical. The goal of the 2010 Wedding Marketing Effectiveness Survey is to paint a clear picture of how the macro economic factors are impacting the micro economic factors, which tactics are working and which are not. The online survey respondents will include wedding planners, photographers, event designers, florists, venues, catering managers, publicists and destination locations. Survey topics include social networking, search engine optimatization, referral generation, branding, and image management.
The survey is being promoted jointly by industry veteran, Rebecca Grinnals of Engaging Concepts and Two Bright Lights. The survey’s insights will be revealed at Engaging Concepts’ business summit for wedding professionals, engage!10 :: cayman islands, at the Ritz-Carlton Grand Cayman, June 7-10th. In an effort to make sure the findings spark collaboration industry wide, all survey participants will be provided a roadmap outlining how to improve business performance.
About Two Bright Lights
Founded in 2009, Two Bright Lights (TBL) is a subscription-based pioneering online B2B wedding marketing service dedicated to improving marketing efficiency and results for photographers, planners, and vendors. Optimizing the power of social media and networking, Two Bright Lights maximizes networking and referral capabilities through features including image sharing, portfolio development, and inspiration board creation. Additionally, by streamlining the editorial process for Real Wedding features in print and online publications, Two Bright Lights boosts business visibility in a highly-competitive industry. Headquartered in Chicago, Two Bright Lights reaches worldwide through its online presence at www.twobrightlights.com .