If you have been going back and forth on whether or not you should start your own photo booth rental business here are five reasons why you really should:
1. Low Start-up Costs
Let’s face it the biggest issue when contemplating on starting a business is the financial aspect. The business ideas are all there, but can your financial reality actually implement them? If you are short on cash or capital to begin your business venture a photo booth rental company may be the right choice for you. For one, you don’t need to rent an office space or warehouse space, so your operating costs and overhead expenses are minimal. In addition, you can purchase a good quality photo booth for less than $2,000 or a photo booth package for around $5,000 with everything you need to get started. If you don’t have the complete funds to buy a photo booth you can apply for financing and pay only a few dollars a month which is great since you will be earning revenue monthly. You can also slowly but surely build your photo booth business by purchasing a new photo booth every few weeks, so you have the ability to book more clients. The more photo booths you own the more bookings you can secure which results in a higher revenue stream.
2. Large Target Audience
The wonderful thing about having a photo booth rental company is that you will have business all year long. Photo booths are not limited to a specific segment or demographic as you will have both corporate clients and residential clients interested in photo booth rentals. This large market allows you to maximize your marketing dollars by marketing your photo booth business to local residents, business owners, corporations, event planners, wedding planners, club promoters, and high schools right before prom season. The popularity of photo booths has been on a constant rise and the public’s interest in them will always be constant because someone is always planning an event or party for every occasion. You can also work with local party planners, deejays, and event planners offering them loyalty pricing giving you steady clients.
3. People love photo booths
If you are thinking of what type of business to start that will quickly bring in revenue, then you need to consider a business that people will quickly recognize and automatically love enough to hire your services and start spending their money. Photo booths have been loved by many for years and who can resist taking photos in front of a large fun-looking camera that will then give them amazing photos that will leave them with lasting memories! Photo booths bring people together, creates laughter, and let’s adults bring their inner child out for a few minutes. Photo booths are both nostalgic and modern with their innovative designs and technological advancements. Have you ever noticed that people are drawn to photo booths? People of all ages and walks of life enjoy taking their photos with a photo booth which is enough reason to buy a photo booth!
DIY photo booths are easy to set-up, breakdown, pack up, and travel with. As long as you have the proper photo booth essentials and accessories as well as a photo booth travel case, having a portable business is easier than ever! You can start your photo booth business solo or hire someone to help you. If you dislike sitting at a desk all day or tired of the 9-5 grind, then a photo booth rental company is for you. Your wanderlust will be fulfilled traveling from one city to the next and one occasion to another. It will never get boring because between the different people you will meet and the different occasions you will experience being bored will be out of the question. Basically, you will be getting paid to meet people, have fun, and help people create fun lasting memories!
5. You will be your own boss!
If you always wanted to work for yourself and be your own boss, then the first thing you must do is buy a photo booth! Don’t wait until next month or next year. The sooner you buy a photo booth the sooner you get your photo booth and start marketing your very own business. Once you buy a photo booth, photo booth software, photo booth backdrops, and other photo booth accessories the next step would be creating your website, social media accounts, and online marketing to gain visibility. While it won’t be easy all the time, you still have to put in the work and if you are self-employed you will find out you will take on many responsibilities, but as long as you are persistent and stay positive you will be successful!