I have heard it bandied about many times that the average WEDDING costs about $35,000 and therefore with a little creativity we can figure out how to get people paying similar amounts of money for funerals and that leads to a vague hopefulness about financial rennaisance on the horizon for funeral homes. BUT, no one that I know of has actually pulled that number apart to figure out what gets lumped into that figure.
So far I've only done a little investigating and in reality, that $35k number doesn't really tell us anything about funerals. Here's how I stated it in an editorial letter to Chris Raymond, Editor of The Director magazine published by the NFDA.
Hi Chris,
I guess I’m now on a roll asking probing questions about the future of funeral service. One of those magical numbers which gets bandied about over and over again is the average cost of a wedding. $27,690 by this particular website [ http://www.costofwedding.com/ ] of course I have seen other “averages” on other sites ranging from $19,000 to $35,000. For now, let’s look quickly at the numbers listed by category on the same site (which add up to $30,354, but who’s counting) and see what they may really mean to funeral directors.
Wedding Attire $2,606
Wedding Ceremony $2,525
Wedding Favors & Gifts $1,121
Wedding Flowers $1,969
Wedding Jewelry $2,066
Wedding Music $953
Wedding Photography & Video $3,688
Wedding Reception $14,169
Wedding Stationery $847
Wedding Transportation $410
Now, if you whittle those numbers down to something comparable to funerals (particularly in Massachusetts where we cannot have anything to do with food or flowers), you have to eliminate attire (don’t need to rent tuxes for a funeral), flowers (I can’t sell those around here and even so, families don’t spend that kind of money on funeral flowers), jewelry, photography, and reception. That brings the number down to $5,856. Gee, sounds a lot like the average cost of a funeral. Hmmm. Even at that, the prices are overstated because it’s a wedding. It’s a rare funeral that spends more than $200 on music around here for instance and besides, I don’t participate financially in any of that activity. Cash advance items with no margins allowed.
Why do we throw numbers around like the proverbial $35,000 “average” wedding (that much higher number must include the engagement ring, rehearsal dinner and honeymoon, none of which applies to funerals) and expect that to mean anything??? It’s a red herring if there ever was one.
We need better thinking than this for the average funeral director, for whom the NFDA is sworn to serve and uphold, or we will hasten, not delay our own demise.
Thanks for listening and have a fantastic week,
BT
I guess for a few funeral homes out there, event funerals may actually bring in some substantial additional revenues. There's always someone in the big city willing to pursue novelty at almost any cost. For the rest of us out serving regular folks in average communities, we need another sort of thinking. Funerals are not likely to blossom into profitable "events planning" business. It's time to look elsewhere for our inspiration.
My Holiday Wish
For every and all:
May you know the grandeur, majesty and quiet peace of a glorious holiday time.
BT
December 21, 2006 in Comments | Permalink | Comments (0)