Fewer Americans are getting married. On average, the ones getting married are having slightly smaller weddings. Their celebrations are shrinking; however, not necessarily becoming less expensive. Wedding leads are an important part of profitability.
Wedding couples are deferring wedding dates. In 2015, the average American bride was just under 28 years old and the average groom almost 30 (Source: according to the most recent data available from the Census Bureau). A decade earlier, brides were 25; grooms about 27.
The number of new marriages per 1,000 people (The U.S. marriage rate) has declined for decades. It crashed especially quickly, in 2008 and 2009. However, there’s little evidence people began getting married at a quicker rate, despite the recovery of the economy. The marriage rate is unlikely to improve, significantly in the foreseeable future.
On the world stage, this is no shock. The United States marriage rate must plummet by about one-third to match marriage rates elsewhere. Recent data shows a U.S. marriage rate of 6.9%, compared with an average rate of 4.6% for countries in the European Union.
In the United States, couples are postponing marriage indefinitely, as it is more socially acceptable for couples to cohabitate and parent outside the bonds of marriage.
Year Over Year Statistics
While advertising costs continue to rise, it’s important to compare the cost-per-lead from the various sources of traffic. It is reasonable for prices to rise, commensurate with website traffic, but only if cost and activity are rising in tandem.
You will know, immediately if a proper relationship between marketing costs and click-throughs or leads exists.
As a wedding business, your website or storefront on sites such as The Knot or WeddingWire are key factors. Most of all, they should be in proper order. That means current photos, accurate copy, etc.. This goes for local and regional sites as well.
Review your wedding statistics and marketing costs not less than every three months.
Wedding Marketing Authority