Nearly 2 billion photos get posted online every day which is telling of people’s growing love of sharing personal experiences. That trend is also why owning a photo booth business can end up being an extremely profitable entrepreneurial venture.
If you’re looking for ways to make income on the side that offer great returns with nominal effort, close your Uber app and keep reading. Below, we share four key reasons why a photo booth business can make for a life-changing venture!
1. You’ll Enjoy a Low Barrier of Entry
Nearly every business that’s worth starting costs money upfront. The question is how much that initial investment will be and how quickly it will pay off.
Photo booth businesses are not only stable (which means that returns come fast) but the cost of purchasing a booth is shockingly low. This is particularly true given financing options that enable you to spread the cost of your booth out over time.
The barrier of entry is also low from a skill perspective since today’s photo booth’s are intuitive enough for non-tech-savvy owners to manage.
2. Booths Are a Great Addition to Existing Businesses
One of the best things about photo booths is that they complement existing businesses!
Are you a wedding photographer? If so, you can add a photo booth option to the packages you offer. Do you own a bar? Adding a photo booth to the corner of your space could mean hundreds of extra dollars in your pocket at the end of busy evenings.
3. Turn-Key, Passive Income
Side hustles by definition require you to hustle. Photo booths reduce that assumed leg work without reducing your returns.
Photo booth business models vary but consider the low impact that dropping off your booth at an event would have on your time. Most people will find that the $600, $800, or even more money they’re able to pull in per function when compared to the amount of effort that’s required makes for an outstanding return on investment.
4. Photo Booths Have Been and Will Continue to Be Popular
As our customers will tell you, owning a photo booth and building a business around it makes for a rewarding experience. The main reason why so many success stories come out of photo booth ownership is because end-users’ love of sharing is growing.
We expect to see that trend continue forward as now more than ever, sharing fun photos from gatherings with those that may not be able to interact directly with loved ones will create special, much-needed senses of interconnectedness.
Owning a Photo Booth Business Is a Call Away
By now you’ve learned why owning a photo booth business makes for a simple and rewarding venture. What’s even better is that getting started is every bit as easy!
Our team at Photo Booth International has served thousands of customers across twenty-two countries by providing them with cutting-edge booths at unbeatable prices. Furthermore, our booths come with lifetime technical support and expert business advice. That enables our customers to keep their photo booths running profitably!