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Mastering the art of vendor and supplier negotiation.

Expo Pass

I hope you’re all caught up on Succession because it’s time to talk negotiations. It all starts with negotiations. Successful negotiations begin with research. Simplify your negotiations by establishing a single line of contact. You don’t need to be overly aggressive and impersonal in your negotiations.

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Marriott’s ‘Meet with Momentum’ Creates Community Like None Other

Smart Meetings

Multiple representatives on the panel advised planners to evaluate contracts more carefully than ever—don’t pre-assume anything as a given if it isn’t explicitly stated in the contract. Read More: Tips for Negotiating Your Next Big Event Contract During the open Q&A, planners aired frustrations—contracts are time-consuming already.

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5 Tips for Flexible Event Budgeting, No Matter the Format or Economic State

Smart Meetings

First, you negotiated your way out of every contract with minimal exit fees, then for a split second you converted everything to hybrid (with no additional budget), and then transitioned from hybrid to virtual, where we thankfully stayed for a red-hot minute. Read More : How to Manage Outsize Hospitality Budget Inflation.

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15+ Event Ideas to Help You Wow Attendees on a Budget

Social Tables

Luckily, as important as events are, they don’t have to break the bank. As important as events are, they don’t have to break the bank. Negotiate with vendors. If you have an annual event, try to negotiate a multi-year contract where you get a discount if you commit to exclusively using their business.

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How Blockchain Can Disrupt Financial Services

BizBash

blockchain technology could provide a single digital source of ID information, allowing for the seamless exchange of documents between banks and external agencies. Smart contracts can be coded to reflect any data-driven business logic. Loan repayments Consumer banks, commercial banks. Digitalizing letters of credit.

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How to Plan a High-Impact Event on a Low Budget

SmartMeetings

This article will provide you with seven tips that meeting and event professionals need to create a memorable experience without breaking the bank as they plan upcoming business events. Ask the event sales staff for a booking date during a time where they need extra revenue and they may be willing to negotiate a deal.

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Don’t Blow Up the Budget: How to Spend Less for More

SmartMeetings

Imagine a world where you can stay under budget while producing an event that looks as if it broke the bank. It’s more difficult to negotiate prices with a venue that outsources its food and beverage service, as it doesn’t have much control over food options. Savvy Contract Negotiations.