Tips for Starting Your Own Photo Booth Business
A photo booth is a great way to increase revenue or establish an alternative revenue stream for all types of existing businesses. If you run a restaurant, bar, hotel or nightclub, you already have a built-in audience that’s already paying for the privilege of a memorable experience or to help mark a momentous occasion. In addition to the food or drinks that you serve, a side photo booth business can enhance your offering and help you bring in more revenue with customers that are already there to have a good time and spend money.
But unless you have an existing angle, how to start a photo booth business is quite the conundrum. After all, if you don’t have an existing customer base or a location where people gather, it can seem like an impossible task to get a photo booth business off the ground without a home base. But what if we told you that you don’t need an existing business to start a photo booth business. Instead of increasing an existing offering, you can be the one to rent photo booths to businesses that have built-in audiences — or you can even work directly with event planners to add to the day’s festivities with a memorable and fun photo booth area.
What makes a photo booth business viable today is that with the proliferation of phones and a camera in everyone’s pocket, a modern photo booth gives users something they won’t get otherwise — a unique experience with friends or family and a keepsake of their time together: a print-out. With all the digital photos that are being taken on a daily basis, the photo has become a disposable digital artifact. But print-outs are rare and cherished, and it only takes a few minutes of observation to see how any gathering or crowd jumps at the chance for time in a modern photo booth.
Why start a photo booth business?
It’s estimated that 20 million events and meetings are held in the United States each year, producing almost $300 billion in spending and almost $70 billion in labor expenditures. Add in all the restaurants, bars, nightclubs and other places that encourage gatherings every single day and night of the week and you start to get the picture.
Furthermore, the event planning profession is on pace to grow a full 10% in just the next few years, which exceeds the average growth rate for other professions. That means there’s a lot of money heading into a space and not enough people currently in it to handle that growth. That could be you.
The best part is that a photo booth business goes well with just about everything else. Sure, venues and events can leverage a photo booth business to help provide more entertainment and fun for their guests, but so can many other types of businesses. Everything from offices that are trying to attract the best talent to photographers and DJs that want to separate themselves from the pack with additional entertainment offerings are all candidates for a photo booth rental or installation.
Since start-up costs are low, a photo booth business requires little money up front before you start generating an income. Operating costs are also low with modern technology that allows you to book and serve a client base with little more than an internet connection and a phone or computer. Each photo booth we sell fits easily in a modern car or truck, and our dedicated customer support has your back if you encounter any problems at all with your photo booth.
Go with the experts at Photo Booth International.
Here at Photo Booth International, we’ve sold thousands of photo booths to enterprising individuals that have created a photo booth business. Whether you’re looking for a side gig or you’re interested in running a full-time event rental and photo booth business, we’ll help you realize your dreams with the right equipment and the best prices available in the industry. With a small investment, you could be the owner of a bonafide photo booth business, and the only thing that’s left to do is to start making money.
