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How Golden Balloons NYC Thrives in the Event Decoration Industry
Written by: Esther Strauss
Esther is a business strategist with over 20 years of experience as an entrepreneur, executive, educator, and management advisor.
Published on August 28, 2024
In this interview, Tagir, the general manager of Golden Balloons NYC, shares insights into the balloon decoration business in one of the world’s most vibrant cities. With a focus on creativity, quality, and customer satisfaction, Tagir discusses the challenges and successes of managing a business that adds a special touch to life’s most important events. He also offers valuable advice for aspiring entrepreneurs looking to enter the event decoration industry.
A Journey into Event Decor
SBS – What inspired you to start Golden Balloons NYC?
Tagir – The inspiration for Golden Balloons NYC came from our friends who had a successful balloon business in California. We decided to start our own balloon business as a hobby that we could do on weekends while still maintaining our regular office jobs. For the first year, we juggled both, working on the balloon business in the evenings and on weekends. As we gained more confidence and found our way, I eventually left my job to focus entirely on building Golden Balloons NYC into a competitive and thriving business.
Client Attraction Strategies
SBS – What strategies have been most effective in attracting clients?
Tagir – Our approach to attracting clients varies depending on the area and target audience. Sometimes, platforms like Yelp, Instagram, or Facebook work well, but we’ve found that Google ads have been the most effective for us. Returning clients, suggestions, and word-of-mouth referrals are also incredibly valuable. We place a strong emphasis on building lasting relationships with corporate clients, as they often have bigger budgets and multiple events throughout the year. Having a reliable balloon vendor like Golden Balloons NYC is crucial for them, and we strive to be that trusted partner.
Social media is also an effective form of advertising, particularly Instagram, which allows us to visually showcase our work and connect with potential clients in a way that’s immediate and impactful. Additionally, we value our relationships with corporate clients, who often return to us for multiple events and prefer to contact us directly via email. Participating in local events and expos also helps increase our visibility and reach within the community.
Logistics and Delivery
SBS – How do you manage logistics and delivery for large-scale events?
Tagir – For large-scale events, planning is everything. We start by creating detailed timelines and coordinating with event organizers well in advance. Planning ahead at every step and communicating with the client or event planner is crucial. Every detail must be discussed to avoid misunderstandings, including supply needs, timing, and even parking availability. In a city like NYC, we also consider traffic patterns at specific times of the day, using Google Maps to plan our routes. We have a reliable team and the right equipment to handle the transportation and setup of our installations. Communication is key, so we make sure everyone involved knows their role and timing to ensure everything runs smoothly on the day of the event.
Standing Out in NYC
SBS – How do you differentiate your services from competitors in the NYC area?
Tagir – We focus on customization and personalization, offering unique designs tailored to each client’s vision. We also prioritize exceptional customer service, ensuring that each client feels heard and valued throughout the entire process. One of the ways we stand out is by being available for communication almost 24/7. While it can be challenging, we start our workday as early as 6am, responding to emails and providing estimates, and we continue until 1–2am if something urgent arises. This level of dedication is probably a key factor in our clients’ loyalty. Our target audience consists of people who don’t have time for planning and decoration. They want to find a reliable vendor they can trust to handle everything, knowing they can delegate the details to us and forget their worries because we’re professionals who deliver.
Quality Control
SBS – How do you maintain quality control during busy seasons?
Tagir – We conduct regular team meetings to address any challenges and adjust schedules as needed. We go through projects one by one, discussing all the details to make sure nothing is missed. We prepare the materials ahead of time and coordinate commutes and setups to plan our schedule and routes seamlessly. We also avoid overbooking to ensure each project receives the attention and time it deserves.
Pricing Strategies
SBS – How do you approach pricing your services, especially for custom orders?
Tagir – Our pricing is based on several factors, including the complexity of the design, the materials used, and all the time required to complete the project. For custom orders, we offer detailed consultations to understand the client’s vision and budget, then provide a detailed quote and the scope of work.
Industry Trends
SBS – What trends do you see emerging in the event decoration industry?
Tagir – One of the biggest trends we see is the demand for more sustainable and eco-friendly decorations. Clients are increasingly looking for biodegradable balloons and reusable elements. For example, one of our NYC university clients have received instructions to decrease the amount of balloon decorations by 50% during 2024 and plan to completely stop ordering them starting in 2025. This could signify a broader trend in the industry toward more environmentally conscious choices. Additionally, there’s a growing interest in interactive installations where guests can engage with the decorations.
Creativity vs. Client Expectations
SBS – How do you balance creativity with client expectations?
Tagir – Balancing creativity with client expectations starts with clear communication. We take the time to understand what the client envisions and offer our creative input to enhance their ideas. For clients with very limited budgets, we offer standard packages that still deliver beautiful results. However, we can also provide more sophisticated and large-scale options for personal occasions and special events. Every project, whether simple or elaborate, is planned and discussed in detail with the client to ensure we are on the same page. It’s about finding that sweet spot where our expertise meets their desires. We provide mock-ups or sketches when necessary to ensure everyone is aligned before moving forward.
Partnerships in Events
SBS – What role do partnerships with other event service providers play in your business?
Tagir – Partnerships with other event service providers are crucial to our success. Collaborating with florists, caterers, and venues not only helps us offer a more comprehensive service to our clients but also expands our network. Sometimes, we ask our partners to join and help with large projects, providing additional hands and expertise. In other cases, if we’re unavailable for specific dates, we can refer potential clients to trusted partners. It’s always beneficial to have reliable industry contacts, as they can be invaluable in handling large-scale events or accommodating last-minute changes. These partnerships often lead to referrals and repeat business as we become part of a trusted team of vendors.
Future Goals
SBS – What future goals do you have for Golden Balloons NYC?
Tagir – Our future goals include expanding our service offerings to include more large-scale installations and themed events. We’ve already been working on Christmas decorations seasonally in November and December for the last three years and have recently started providing artificial flower wall displays as an alternative for clients who prefer not to use balloons and wish to stay within a budget. We’re committed to staying tuned to industry trends and continuously implementing new ideas and innovations.
Additionally, we aim to open a dedicated studio space where clients can come in for consultations and view our work firsthand. We’re also focusing on increasing our efforts toward sustainability by sourcing more eco-friendly materials and reducing our environmental impact.
Advice for Aspiring Entrepreneurs
SBS – What advice would you give to someone starting a similar business?
Tagir – My advice is to embrace the challenge of starting something new with courage and determination. It’s important to step out of your comfort zone, even though it may seem intimidating. Start gradually by pursuing your passion as a side project while maintaining your current job. This allows you to integrate the new venture into your life step by step. As you gain confidence and experience, you can shift more focus to your business.
Building a business is a journey that requires patience and a clear vision. Focus on delivering exceptional service from the beginning and build strong relationships within the industry through networking. Be prepared to learn and adapt as the market evolves. Over time, you’ll look back and appreciate the growth and rewards that come from taking that leap.
How Golden Balloons NYC Thrives in the Event Decoration Industry
- A Journey into Event Decor
- Client Attraction Strategies
- Logistics and Delivery
- Standing Out in NYC
- Quality Control
- Pricing Strategies
- Industry Trends
- Creativity vs. Client Expectations
- Partnerships in Events
- Future Goals
- Advice for Aspiring Entrepreneurs
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