Photo Booths can turn into the center of any festive event. It has become a must-have amongst event throwers when thinking of a way to keep guests entertained and engaged in the party atmosphere. Generating your own money particularly during challenging times requires out of the box thinking and what better way to do it either as a full-time venture or as a side hustle than with a service that makes people happy!
Which leads to the question of how to start a photo booth business? Below you’ll find tips giving you the information you need to start and run a successful photo booth business.
Why Start A Photo Booth Business?
Starting a photo booth business is more straightforward than it sounds too. Of course, you’ll need to invest in a photo booth. Research your options to get the best deal for the best product you can afford. From here, you’ll need to get the word out that you have the photo booth for hire. To avoid being the best-kept secret you can use various social media platforms for marketing your services to the public and event planning businesses.
The only issue with a photo booth business is everyone is doing it, so this means you’re going to have competition. Tackle this challenge head-on as there’s not a business out there without competition all you need to do is something that makes you stand out from everyone else. In this article, we provide a few tips on how you can be found and preferred over your competitors.
How Much Can Be Earned?
There are ways to make money with a photo booth business.
The majority of business owners rent out their booths for 3-4 hours, and this also includes the use of all props and accessories that come with the photo booth, ability to access all photos, a photo booth attendant, and a pickup and drop off deliverer.
The total for everything mentioned above is approximately $600-$1,000. It can increase as the customer adds on extra packages offered by your business. The rate that you’re able to charge for renting your photo booth may increase or decrease depending upon the services you provide with the rental.
Tips To Start A Photo Booth Business
Below you’ll find a few crucial tips to beginning your business. Following these tips can ensure that your business runs smoothly.
Have A Business Plan
It is essential that before beginning your business you create a business plan. This serves as a guide and roadmap for everything you need to consider when starting your business.
Your business plan will include everything from the startup investment, ongoing operational costs, revenue and profit projections. Plus your business name and entity, marketing plan and should also include your knowledge on your business’s strengths, weaknesses, opportunities and threats. Remember this plan is a working document that you revise as more knowledge is acquired of your business operations.
Who’s Your Target Market
Your target market is going to be anyone or any business that hosts events. They will be able to use your services to create an engaging and exciting atmosphere for all that attend the events.
You’ll need to have specific things that set you apart from competitors, which tells the target market why they should choose you over other photo booth companies. This can be done by offering various types of accessory packages to rent with the booth or providing exceptional customer service before and on the day of the event or you can compete on price.
Embrace digital marketing for your startup business. Learn how to do email marketing, write content for your blog and share posts on social media.
Create social media profiles specifically for your business and invest in your time creating content either on your website blog or directly in the social media channels. Instagram, Facebook, Twitter and many other channels provide access to your target customers. Make sure you share images, and videos of your customers enjoying the photo booth this action creates excitement and encourages event planners to include a booth at their events.
When it comes to how to start a photo booth business, the most important part is focusing on your business plan and set yourself apart from your competitors. If you would like more information and tips about business and advertising, check out our website.