Unveiling Earnings: How Much Do Photo Booth Owners Make?
If you are considering jumping into the photo booth space, now is a great time to do so. The photo booth kiosk market is estimated to grow to $15,786M by 2030. That is a potential compound annual growth rate of nearly 10%!
But in more practical terms, you are likely wondering how much photo booth owners make in any given year. To calculate that, we’ll need to make a few assumptions and calculate some averages.
Factoring in the Business Model
Like any small business or side hustle, the business model is everything. After all, with a photo booth, you’re not an employee. You’re an owner.
That means you don’t have the cushion of guaranteed income. But you also don’t have an earning ceiling hanging over your head.
This dynamic is what allows for such an enormous potential when photo booth owners’ annual earnings are concerned.
When photo booth owners roll out their business, they first decide on whether they’ll operate on a:
- Flat fee structure,
- Or an hourly structure.
Neither is inherently better than the other. And neither is an automatic ticket to higher profits for photo booth entrepreneurs. In truth, each business model is perfect for a certain kind of entrepreneur. Namely: those who prefer a greater quality of bookings or a greater quantity of bookings.
Doing the Math
To calculate the potential income of photo booth owners, we’ll need to make a few assumptions.
For the purposes of this article, let’s assume our photo booth owner in question runs their booth on a flat fee model. Let’s also assume they have a three-hour minimum for bookings.
Next, we need to factor in location. While each spot in the country is going to have a different market, we’ll use New York as our example. According to The Cut, a three-hour wedding photo booking will cost $1,300 total.
It’s fair to say photo booths are most popular on weekends. Special events typically run on Friday nights, Saturdays, and Sundays. It’s also fair to say you’re only one person, so you and your photo booth can only staff one event at a time.
But, with an average 3-hour booking, you could potentially run five events per weekend:
- One event on Friday night,
- An event on Saturday at mid-day and another on Saturday night,
- And the same on Sunday.
At $1,300 a pop, that’s potentially $6,500 per weekend in profits for photo booth entrepreneurs.
Now, assuming you want to actually take a couple weeks of vacation per year, you’d have 50 working weekends per year.
From here out, the math is easy. $6,500 multiplied by 50 gives us the estimated earning total of $325,000 in photo booth owners’ annual earnings. Not too shabby for some rough calculated earnings for photo booth business owners!
But don’t just take our word for it. Learn how the leader of Photo Booth Dallas and Photo Booth International built a successful photo booth business starting from nothing. Register for the FREE Webinar and discover the “Blueprint Behind My 6-Figure Photo Booth Rental Business.”
Become A Photo Booth Boss
With a photo booth, the sky is truly the limit. Sure, impressive earnings are possible with a photo booth even just as a side hustle. But imagine what you could stand to earn running events throughout the week as well. Everything from corporate events to birthday parties has the potential for you to earn more.
But maximized photo booth owners’ annual earnings are only as good as the booth they run.
Photo Booth International loves hooking up would-be entrepreneurs with the best photo booths on the market. Our models are modern, engaging, and sure to draw a crowd. Learn More About Photo Booth Int.
