The photo booth is one of those recreational items that has earned an iconic status over the years. It has been seen in blockbuster movies and many of our favourite television shows too. In fact, the photo booth has kind of become shorthand for ‘hijinks with friends’ and ‘romantic trysts’ with new beaus. And, its appeal lies with the fact that, even though time spent in the booth itself may be fleeting, it leaves you with something special to take away.
You can keep your photo booth snaps as a memory of a happy time in your life, whether they are taken at a wedding, a family party, or a high school formal. This is something that all of us find appealing, in one way or another, because such permanence can be fleeting in our fast paced, digital world. For all of these reasons, setting up a photo booth business is a guaranteed way to earn cash and have fun at the same time.
Keep reading for more great reasons to think about establishing your first photo booth business.
1. Getting Started is Simple
Contrary to popular belief, this is one of the simplest business models around. You don’t need to invest in a whole lot of stock and because photo booths are portable, you won’t necessarily need a dedicated premises to operate out of either. The main thing that you need to do is buy a custom photo booth that is built in accordance with your needs.
2. Photo Booths Are Lots of Fun
The best way to make money as a photo booth vendor is to make your services available for hire to parties and celebratory events. So, you’ll get a chance to be around happy people, who are keen to have a good time. This is the kind of work atmosphere that few business owners get the chance to be around.
3. The Start Up Costs Are Low
It really doesn’t cost much to set up a photo booth business. In fact, most of the initial expense is invested in marketing and promotion. If you are on a tight budget, you can even thinking about leasing a booth until you’ve got the capital to buy one outright. As discussed, there are few early stock costs and you don’t need a dedicated premises.
4. You Get to Be Your Own Boss
For a lot of people, there is nothing better than the dream of owning an independent and self-sustaining company. It allows you to determine your own working hours and you don’t have to answer to a boss who doesn’t understand your needs. With a photo booth business, you are in charge and can decide the direction, theme, and objectives of the company.
5. It Could Be a Tax Benefit
In some cases, running a small business comes with certain tax perks. This is not assured and the only way to know for definite is to talk to an accountant, but it is certainly worth a little consideration. You must always be clear on your tax status before you make any decisions about when or how to pay.
6. Photo Booths Are Always Popular
The great thing about choosing a photo booth service for your first business is the fact that these items are timeless. Yes, they have a retro appeal, but it is a vibe that never goes out of fashion. Photo booths are iconic and always relevant, no matter what popular trends are saying. If you can work out how to appeal to the best market, you’ll always have a lucrative business model.
How to Capitalise on the Popularity of Photo Booths
The wonderful thing about photo booths is that they are almost an instant business all by themselves. To be a success, you do need marketing tools and an efficient form of transportation, but technically, the company is all in the booth itself. You could purchase one tomorrow and start making money right away; it really is that easy. So, if you want to get a business off the ground quickly, this could be the right choice for you.