Here are some of our photo booth success stories from the month of September!
Another month has gone by and we couldn’t be happier with all of the progress that we have been seeing with all of the PBI Family members. As you know, our exclusive Facebook community has been popping from all of the activity that you guys have been up to. We would like to highlight some of our favorite stories and photo booth success we noticed this month!
Interested in Growing Your Business? We Finance New Photo Booths!
Congrats To Zoraida C Alvarez For The Top #PBIfamily Contributor Of The Month Of September. Who Will Win This Month?
Zoraida is new to the PBI Family but she is doing well already with her business, Pics and Tales Photo Booth. She is continuously gracing us with great news about her business inspiring new and old members alike. We are happy to see her utilizing the group for help in her own business, and giving help to others. We are happy to have you in our family, and wish you even more success with your photo booth business!
First Gigs with their New PBI Photo Booth Equipment
Thanks for sharing your first gigs guys! We know that the first few gigs are a really exciting milestone. It proves to us that this concept can really work. Keep working hard and you can grow your business to be as big as you want.
Kristel and Michael Rogers had a great first gig this September. Congrats guys!
Tharaneka Sparrow was also kind enough to share their first event with us as well! We look forward to seeing the rest of your success to come!
Ready to take your business and life to the next level? Apply to join Josh Pather’s Inner Circle Today!
Winner of Our Media Kit Prize Raffle!
EddyGee won our Media Kit Prize from our raffle. Enjoy!
Make sure you sign up for all of our contests so you can be our next winner. Find out about them in our Secret PBI Family Photo Booth Success Facebook Group!
September Big Wins
We like to acknowledge people when we see them making strides or having particularly big wins. This month have have two.
First we saw Alejandra Charles head out for a 3 event night. He was running 2 weddings and 1 quinceñera. That truck looks packed.
The other good thing we saw was that Brian Burns did $6100 worth of business.
We wish you all even greater success this month as you keep developing and growing your businesses!
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Are you looking for world class training on getting your business humming like a pro? PBI Course, The Ultimate Photo Booth Rental Course is for you!
The holidays are an amazing time of year to celebrate with family, friends, and co-workers. The potential for good vibes and memorable moments is simply astronomical
Maybe it’s for that reason that companies are getting in on the fun with record holiday-themed company parties. A study by the HR Digest states that the average spending per employee on company parties in 2022 was $693.
And why not? Company parties are a great way for teams to bond, for camaraderie to grow, and for company management to show their employees that they are appreciated.
Why Market Your Holiday Photo Booth to Company Parties?
Certainly, in a post-pandemic world, company holiday parties are a great means of bringing people back together in a fun setting. Inc. notes that companies are exponentially increasing the number of holiday parties thrown when compared with the last few years.
With that in mind, what better way to help a company encourage a memorable and engaging holiday party than with a holiday photo booth? These strategically placed photo opportunities can help partygoers bond in a fun but responsible setting, and provide photo booth business owners the perfect opportunity for engaging new clients.
Holiday photo booths make a great investment for small business owners. Global Market Insights estimates the photo booth market will grow by 5% between 2023 and 2032. Certainly, that means a great opportunity for your holiday photo booth, as company holiday party demand is sure to expand.
Looking to expand your photo booth business and market to company party initiatives? Here are four simple holiday photo booth ideas to consider for your corporate customers:
1. The Classic
There’s just something about sparkly tinsel that people love. A classically-designed photo booth is sure to be a hit with clients who want a classic holiday memory. Offering a winter wonderland backdrop with sparkling lights, for example, is a surefire way to attract folks who want to spark their holiday spirit.
The great thing about this concept is its broad appeal. With non-denominational tones, your holiday party photo booth can be provided for company events throughout the holiday season. Some ideas include:
- General Holiday Party. Encapsulate Christmas, Hannukah, and more.
- Q4 Closeout Party. Help your corporate customers celebrate their revenue at the end of the fourth fiscal quarter.
- Annual Bonus Announcement Party. Let colleagues remember how their bosses made it rain at the end of the year.
With this concept, encourage company management to lead by example. You can help bosses loosen up for a photo opp and then invite entire teams for a pose. For small businesses, you can even set a stage large enough for a company-wide shot that can serve as a keepsake all year long. The possibilities are nearly endless.
This photo booth concept can even be tweaked for use well beyond the holidays. Really layer in the winter aesthetic and dial down the candy cane vibes for a photo booth concept that is usable throughout the dreary winter months. This way, you extend your holiday photo booth’s runway with minimal cost to your business.
2. Ironic Memories
After grueling months of project deadlines, client demands, performance reviews, and more, employees are stressed. Sometimes, teams just want to let out steam, laugh and reminisce at the end of the year. Let your holiday party photo booth be an oasis for stress with a less-than-serious theme.
Ugly sweater parties are all the rage, so why not capitalize on the scratchy, hideous fun? This photo booth for a holiday party is sure to be a hit. It can give partygoers the chance for a memorable pic for their Instagram feed.
Offer up a design-your-own-ugly-sweater station to let your holiday season photo booth visitors show their creative side. Or offer pre-designed Christmas photo booth props for users to choose from. Just remember: the uglier the better.
You can also lean your holiday photo booth concept into something your client already has planned, like a chili cookoff, a bowling party, a casino night, or other event. You can design your holiday photo booth to match. The key here is finding aesthetics that really push the concept as far as it will go so teammates know they have permission to laugh at themselves a bit.
In each of these cases, you stand to offer partygoers a keepsake for a theme they’re sure to remember. And you let them unbutton their top buttons, so to speak. That’s certainly a holiday party photo booth that goes beyond the generic!
3. Countdown to Midnight
Help your corporate clients cap off a great year of business with a New Year’s Eve-themed holiday party photo booth. Design your booth as a celebration of the year to come with prominent year markers. Or say “out with the old; in with the new” by designing your booth with a “good riddance” theme.
Whatever concept you choose, be sure to align it with the themes of hope and optimism. Companies want their holiday parties to bring uplifting vibes and a sense of celebration. Make your holiday photo booth a beacon for good things to come.
The cool thing about this photo booth for a holiday party concept is it can, with a few tweaks, be repurposed for other cultural New Year celebrations. This includes Rosh Hashanah and the Lunar New Year. If you have corporate clients who want to get on board with cultural diversity and representation, your holiday photo booth can be just what they need to throw an off-season holiday party!
4. Content for Your Clients’ Use
While most company holiday parties are a private affair, companies are increasingly promoting their camaraderie and culture for hiring, client pitches, and more. After all, there’s no reason the content captured in your holiday photo booth can’t be used for public-facing content.
Help your holiday photo booth customers capture content that shows who they truly are with moments that are truly unique and memorable. This could include:
- Fun photos of team bonding for the company website
- Video content showcasing genuine team fun
With this kind of holiday photo booth, you not only add fun memories to a company party. You also give them the gift of content that can help grow their business even more.
Launch a Holiday Photo Booth to Remember
The holiday season is ripe for easy holiday photo booth ideas. And really, there are countless other easy holiday photo booth ideas we haven’t listed to engage your clients. At this time of year, folks want to be dazzled by a photo opp that is whimsical and well thought through.
The only downside to running a photo booth is you need to continuously generate great ideas that dazzle your customers. But that’s where a photo booth specialist like Photo Booth Int. can help.
Photo Booth Int. has worked with many small business owners just like you to launch the photo booth business of their dreams. And this includes countless holiday season photo booth concepts.
Ready to get started on your holiday photo booth? Learn more about Photo Booth Int today.
Unveiling PBI Customer Revenue
With social media usage expected to grow to six billion users by 2027, content is at an all-time high. It’s clear our culture just loves sharing our moments in time.
Much of that content is photo content. Apps like Instagram and Facebook continue to sit in the top 10 of most used social media platforms. Users clearly love to share snapshots from their moments in time. And consumers seem to love scrolling through all of that photo content.
With these insights in mind, nearly everyone is a potential photo booth customer. It stands to reason that any business that specializes in photo sharing would be ripe for profitability. But is that really true?
You might be wondering: Is a photo booth business a good idea? Certainly, lots of people are considering entering into this emergent business space. And demand for photo booths is high. Let’s break down the numbers to answer the question: are photo booths profitable?
Recouping Business Costs
With a photo booth business, like many franchised businesses, there is an inherent upfront cost to the business owner. But these costs are determined by how premium you want your business offering to be.
For example, Photo Booth International-designed photo booths offer various features, including:
- Ring lights
- Mobile design
- Touch screen functionality
- And more.
Depending on which package you choose, your upfront costs could be just a couple thousand dollars or considerably more.
Starting a Photo Booth
It is important to consider your market and how much you plan to charge your customers for photo booth usage. Photo booth business owners in high-cost areas like New York or Miami can likely afford all the bells and whistles. After all, they can afford to charge their customers more per session without risking overcharging.
However, if you live in a low-cost market, it is important not to overspend on your up-front costs. If you launch a too-expensive photo booth, it may be harder to recoup your initial investment.
We recommend doing your market research to decide what a reasonable price per session would be. Certainly, you should factor in your own compensation, but anything beyond that is money you are taking out of your pocket.
Hourly Rate vs. Event Rate
To answer the question “Is a photo booth business a good idea,” pricing is key. You’ll next need to decide what business model you would pursue to ensure your photo booth business’s health.
Some businesses use an hourly rate structure. Typical hourly costs could be as little as a couple hundred dollars, depending on the perks.
In this paradigm, an expected event length would be identified upfront. You and the client would identify when the event is planned for. With this information up front, you would know exactly how long your photo booth would run that evening. But more importantly, you would know exactly how much money you would make.
Other photo booth businesses charge a flat fee per event, regardless of the length. This photo booth service style is ideal for corporate events, wedding receptions, and other gatherings that may last a long time.
A flat fee when your customers rent a photo booth could be a few thousand dollars. This, of course, depends on the perks they select and the length of time you agree on.
Remember that each premium feature you offer, including number of staff helpers, lowers your profitability. But the great thing about a photo booth is it can largely be run with just a single person. You’ll have everything you need on hand to launch a nimble business that features a low cost to run.
The Photo Booth Rental Business Break Even Point
As you can see, while upfront costs may be high, it’s very possible to recoup them quickly. Even just a few bookings can see many photo booth rental company owners hit their break-even point. The key is to find a balance between great customer service and a balanced business model.
Find the Perfect Photo Booth to Launch Your Business
So, is a photo booth business a good idea? We’d say so, and there are countless Photo Booth Int. customers who agree. If you are ready to launch your photo booth business and buy a photo booth, learn more about Photo Booth Int.
The popularity of photo booths is skyrocketing. According to 360 Industry Insights, the global photo booth market was valued at $494.91M in 2022. Further, its compound annual growth rate is expected to be 14.62% between 2022 and 2028. Surely, that’s a healthy market for such a new concept.
With all that potential, a business owner considering a side hustle might well consider adding a photo booth to their repertoire. Generating revenue with a photo booth has limitless potential.
But exactly how much money can you make from a photo booth side hustle? And how much do photo booth owners make? This guide will explain it all.
Generating Revenue with a Photo Booth
Every photo booth owner knows their rental business model is predicated on which cost system they select. Really, there are two choices:
- Offer your photo booth at an hourly rental rate
- Offer your photo booth rental for a flat fee
There are obviously pros and cons to each of these paradigms. But only you, the side hustler, will know whether you prefer fixed income or sliding scales.
But to answer the question about earning income from a photo booth in this article, let’s get specific. Here, we’ll use the flat fee rate structure:
Choosing Your Rate
Selecting your modern photo booth’s rate depends on a variety of factors. Namely:
- Your target market
- Your location
- Whether your rental is available on weekdays or weekends
- The bells and whistles (or lack thereof) featured in your booth
Most flat-fee photo booth rentals offer a couple of hours in their basic packages. So, for the sake of this example, let’s estimate your rental package is available for customers for three hours.
Again, purely as an example, let’s imagine you are going to launch a photo booth in New York City. And let’s say your rental will be made available on weekends for special events like weddings, bar mitzvahs, and more.
According to The Cut, the average price for a three-hour wedding photo booth rental around New York is about $1,300. Divide that by three, and you stand to earn about $433 per hour.
Maximize Your Event Earning
You likely won’t just work a single event each week, however. To calculate your income opportunities with a photo booth, let’s assume you work four events each weekend of the year. Assuming you take off two weeks a year, that’s the potential for 200 booked events.
200 events multiplied by $1,300 means income opportunities with a photo booth potentially sit at roughly $260,000 gross.
Up Front Costs and Recurring Costs
Any small business owner knows that gross income is not all pocketed, however. Countless elements stand to lower your overall take-home, including:
- Upfront costs, such as the initial investment in your photo booth
- Prop fabrication costs
- Staffing payroll
- Transportation for your photo booth to and from event locations
There’s no getting around the upfront cost of purchasing a photo booth. However, many of these additional factors can be limited or mitigated with some savvy business planning.
If you plan to staff the photo booth yourself, your payroll is essentially eliminated. And transportation can be limited, as many photo booths are designed for ease of travel (no costly box truck needed).
Further, if you bundle your prop fabrication with your initial investment, your side hustle won’t need continued spending on props.
While the costs to run your photo booth side hustle aren’t inherently zero, there are many ways to lower them. Lowering your operating costs is the fastest way to recoup your initial investment. And reaching your break-even point is the fastest way to start earning income from a photo booth.
Earning Income from a Photo Booth is Easy with Photo Booth Int.
As you can see, profiting from a photo booth is a staggering opportunity.
Your photo booth side hustle has the potential to be great. And Photo Booth Int. is here to help you realize your vision. We have numerous photo booth services to explore. And we love partnering with small business owners like you to bring your photo booth vision to reality.
If you are ready to start profiting from a photo booth side hustle, we’re here to help. Learn more about Photo Booth Int.