Potential customers want an experience and a photo booth offers that and more. The demand for photo booths is growing, in our experience. A photo booth business offers many advantages for the solo entrepreneur as well as offering rapid growth.
- Be your Own Boss
- Choose your Hours
- Expand your network
- Attend Fun celebrations
- Make your Own Margin
In a word, a photo booth business offers you flexibility. You don’t need that much experience to start. Although it is handy to have some experience in running a business and some technical ability (with software) will be an advantage.
Being your own boss sounds attractive. You will have a lot of freedom to make your own decisions and ideally, you’ll be working to employ others who can do the photo booth set-up and be on hand for maintenance and helping customers using the booth.
Choose your Hours
This is not strictly true. You can decide on how many hours you wish to work but your hours of work will be dictated by the events you supply your photo booth. There will be seasonal hours when booths are most in demand, think from April through the summer for weddings. Most events you will be asked to attend will be in the evening. Do factor in that the best hours may be unsociable for your life balance.
Expand your Network
Building a network is a must and if you attend many events, you’ll be making relationships and earning referrals from those who attend and have fun in that booth. If you are a social sort this is going to help build up your business and increase profit.
Attend Fun Celebrations
If you like fun, you’re going to have a lot of fun. Weddings and birthday celebrations are full of happy people having a good time and you’ll be amongst that positive vibe. Corporate events can be a lot of fun too but you have to bear in mind that the event will have a more serious undertone.
Make your Own Margin
Running your own business is hard work. There are many benefits. One of these is the ability to set your pricing and increase your margin. Easily said but how do you go about doing it? First, you have to be aware of your own costs, including pricing your time, which can be an hourly rate or a day rate you believe is realistic.
Look at the details. Once you take delivery of a photo booth you will have made your largest outlay but where else can you reduce costs? Is demand high for your booths or booths? What is the type of event? Corporate events are going to pay more, especially if you brand the photo booth and the photo strips.
Once you are established and have the hang of supplying a single photo booth then it is relatively easy to upscale your offer with more booths. Growth can be extraordinary if you put in the graft, work on your marketing, adjust your margins and gather a great team.
Retro-me offers custom photo booths, with a vintage vibe, for sale. Drop us a line and we can have a chat!