Top 10 Tips for Choosing Corporate Entertainment During a Recession

1. Negotiate with Artists

When booking a band or performer, don't hesitate to ask if they can offer a discount for both the reception and post-dinner entertainment. Many artists are willing to negotiate, especially in a challenging economic environment.

2. Leverage Full Production Discounts

If you're providing the full production setup, including the PA system, ask the artists if they can offer a discount on their fee. This can significantly reduce your overall costs.

3. Consider Local Talent

Booking a band or performer who is based near the event location can save on travel costs. Many artists are willing to offer a reduced fee if they don't have to travel far.

4. Scale Down the Band Size

A smaller band can be just as effective as a larger one. For example, a six-piece band is generally more affordable than an eight-piece band. Consider scaling down the size to fit your budget.

5. Seek Sponsorship

Look for sponsorship opportunities from regular clients or business partners. They may be willing to contribute to the event in exchange for promotional opportunities.

6. Utilize In-House Talent

Check if any employees within your company have musical talents and are interested in performing at the event. This can be a cost-effective and engaging option.

7. Explore New Talent

Consider entertainers or bands who have recently approached you. They might be willing to perform at a lower rate for the opportunity to gain exposure and experience.

8. Combine Services

Many bands also offer DJ services. See if you can negotiate a package deal that includes both live music and DJ services, which can be more cost-effective.

9. Leverage Repeat Business

If you've previously booked an artist for other events, approach them to see if they can offer a discount for being a repeat customer. Loyalty can often lead to better deals.

10. Be Proactive

Don't be afraid to ask for discounts or special deals. In the current economic climate, many artists and entertainment providers are open to negotiation. Remember, if you don't ask, you don't get.

Interesting Stats

• According to a 2020 survey by EventMB, 60% of event planners reported budget cuts due to economic downturns, yet 70% still prioritized high-quality entertainment to ensure event success. Source
• A study by the Event Marketing Institute found that 74% of consumers have a better opinion about a brand after attending an event where they enjoyed the entertainment. Source

Conclusion

Choosing corporate entertainment during a recession doesn't have to mean compromising on quality. By negotiating, leveraging local talent, and exploring new opportunities, you can still create a memorable event that fits within your budget. Remember, the key is to be proactive and creative in your approach.

For more tips on event planning and budget management, check out resources from EventMB and the Event Marketing Institute.