Have you been considering starting a photo booth business, but aren’t sure if it’s the right opportunity for you?
If you love photography and have been looking for a way to generate some extra income that fits your busy schedule, then the photo booth business opportunity may be perfect for you and your family. After all, wouldn’t it be nice to help your kids pay for college, take an extra vacation or two every year, pay off that credit card, or even start building an extra income to grow your savings?
We’re examining some of the most common questions we get about opening a photo booth business using our software to help you decide if it’s the right option for you!
5 Questions We Hear About Opening a Photo Booth Business
Have you said any of these things about opening a photo booth business? If so, you’re not alone! We hear these questions often, so we wanted to address them in this post!
“I can’t afford to spend a ton of money. Can I still start a business?”
Did you know that you can start your photo booth business with less than $200? Use your own iPad and then purchase a software subscription and a few pieces of hardware. (Find out more here!) When you use an iPad app-based photo booth like Onebooth, you can launch your new company without having to scrimp and save or get a start-up loan. This means that you can bootstrap your business until you bring in enough to start lining your pockets or reinvest that into your business.
“Doesn’t starting a business take a ton of time? My schedule is crazy, and I worry about having enough time to run a business.”
Although it indeed takes time to run a business, the best part about being a business owner is that you can work when it’s convenient for you. Ideally, you’ll want to set aside some time to work on your business, but that can truly flex with your schedule. Moreover, you can schedule your photo booth events when it works for your family.
Have a weekend getaway planned or a trip to visit prospective colleges? Don’t book an event that week.
Do your kids have a big game coming up? Unlike working for someone else, you don’t have to cross your fingers and hope your request for time off is accepted. Just don’t book a photo booth event that night, and you’ll be ready to cheer on your kids.
“Don’t you need to know how to run a business?”
Not necessarily. Some of the best small businesses around began with an idea and very little know-how. There are a ton of resources available. Your state, and possibly even your county, will probably have a small business resource center that can teach you the ins and outs of running a business when you get stuck. It’s always good to have a legal or accounting professional in your corner, and you can usually get a small business consult at a reasonable rate.
Onebooth also has some great resources on our site, and we’re always adding posts to the blog to help you out. So whether you’re looking for information on how to start your photo booth business, how to create a business card, or even ideas for building your client base, we’ve got you covered!
“I don’t have any technical skills. Will that be a problem?”
That’s perfectly fine! Onebooth’s iPad app is incredibly user-friendly (and getting better all the time), plus we have an excellent support team that can help you get started. It has everything you need to work online or offline and create amazing events for your clients. Better yet, we have some killer graphics that you can use in place of fancy backdrops or props. And, you’ll have access to detailed image guidelines if you want to work with a graphic designer to create a look and feel especially for your next event.
“Can I really make money with a photo booth business?”
Yes, absolutely. How much money depends entirely on how much you want to work. The hardest part is getting your name out there, so it may take a little bit of time to turn your initial investment around. If you have even a few hours a day, you can start booking events very quickly.
We recommend spending some time on market research so you know how much you can make. For simplicity’s sake, let’s say that you charge $100 per hour for your time, and your events are usually 6 hours. From there, let’s say you book a single event every week.
6 hours x $100 = $600/event.
$600 x 52 weeks a year = $31,200.
That’s working 6 hours a week plus the time it takes to book the business. The opportunity grows from there. In fact, we’re finding that Onebooth subscribers command around $1000 per event.
$1000/event x 52 events/year = $52,000
And if you double the number of events you book, that’s potentially more than six figures each year. Isn’t that a great way to spend your extra time?
The Whole Family Can Participate in Your Photo Booth Business
Taking advantage of the photo booth business opportunity doesn’t have to be another thing that takes away from family time. On the contrary, it can be an excellent opportunity to teach your kids about building a business and giving them an option to earn income while they’re in school.
Set a positive example for your kids
Your kids will see how you are finding time to work while also spending time with them, and they’ll learn a great deal from that alone. What’s more, they may even be an excellent source for party and business ideas!
Your family can help with your business
Remember that technical know-how you were concerned about above? Your kids may have some great graphic design skills, or maybe they’re learning some design programs in school. They can help you here. If you’re creating some DIY photo backdrops, they can help you with ideas as well as set up. Even better, they can come to some expos, marketing events, or even client events to help you manage the flow.
Your kids might just become your business partners
It may not be a fit for everyone, but as your photo booth company gets off the ground, your kids can help you grow it. It can give them some great opportunities to earn money while they’re in school. Or, down the road, they might just become your business partners and help you expand and grow.
So, Is a Photo Booth Business Right for You?
Although not every business model is the perfect fit for every person, a photo booth business is an excellent opportunity for people with busy lives to earn extra money. It’s not a get-rich-quick scheme and does take work and some time to get everything up and running. However, it does give you a great side hustle that can quickly outpace anything you could earn at a part-time job.