Rarely do photo booth businesses make money elsewhere. Additionally, you can offer photo packages to entice additional purchases. You can charge event-goers for digital or printed versions. How does a photo booth business make money?Ī photo booth business makes money on a per-shot basis. Check out your area’s local events, and talk to event coordinators. Event-goers will use a photo booth if there’s a reason to document the event. Weddings, V.I.P areas, grand openings, and special guest visits are ideal. The more exclusive the event, the better business it will be. Drive a fuel efficient car and make sure you’re planning your trips close to one another. You will also have to pay for the gas you use to travel to events. Maintenance and camera upkeep are cheap, sometimes being as little as $50 per month. What are the ongoing expenses for a photo booth business? Other supplies, like a printer, props, and other supplies tend to be rather cheap.
A laptop can be purchased for $360, and basic software like DSLR Remote Pro is purchasable for $175. As you upgrade, however, consider purchasing better lenses-or a better camera. A basic camera, meanwhile, is about $500. A solid booth will be about $2,500 and can be disassembled. While the booth, camera, and equipment aren’t too expensive, you’ll need to invest in powerful hardware and software. In fact, you can build one for about $5,000 if you’re economical and handy. What are the costs involved in opening a photo booth business?įortunately, a photo booth business isn’t expensive to start.
Luckily we have done a lot of this research for you. What are the startup and ongoing costs?.It will help you map out the specifics of your business and discover some unknowns. STEP 1: Plan your businessĪ clear plan is essential for success as an entrepreneur.
Check out our How to Start a Business page. These steps will ensure that your new business is well planned out, registered properly and legally compliant. We have put together this simple guide to starting your photo booth business. There is more to starting a business than just registering it with the state. You have found the perfect business idea, and now you are ready to take the next step. Start a photo booth business by following these 10 steps: