Should you charge vendors an application fee?
A small application fee filters for vendors who intend to show up and confirms their card works before you approve them. The trade-off is fewer applications. Charge one when you have more interest than booths or a no-show problem; skip it when you're still building a vendor base.
Updated
Why organizers charge one.
- Confirms the vendor's card works before you approve.
- Filters out casual applications.
- Cuts no-shows.
Why some don't.
- Fewer applications, especially from new vendors.
- Vendors dislike paying if they're rejected.
Your choice, per event.
- Set your own application fee for each event, from $1 to $100, and keep it.
Keep reading.
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