Been in the photo booth industry for nearly 10 years and generate $400k annually (set to do over half a mil by 2024) in the wedding and events space. I don’t feel like I am the expert by any means in business or entrepreneurship, but I’ve built a couple successful companies on a small scale, and have an MBA, so maybe I can contribute to your success. AMA!
I, too, have been in the Photo Booth business for 10 years, with a very highly successful company. This post is running through the Photo Booth communities. The numbers are very untypical for most Photo Booth owners. Not to say this can’t be done, but very few people in this industry have these type of numbers. And it is getting very oversaturated with a lot of turn-key advertising, like you just show up and press a button. Interesting point is that their average ticket is said to be $3200, quite high and good for them if they’re getting that. I would say nationwide the average is anywhere from $500-$800 per gig typically.
This is very true. There is more than meets the eye, and all of this took effort. So I hope no one thinks they can buy a hunk of equipment and make bank. This is not an overnight success, but something every single person/business is capable of.
Nationwide the average is closer to $1200-1500 for an equivalent service in my experience. Truth be told, not every figure is possible within every market - and Arizona has been a bit of a bummer compared to other markets we operate in now. As time goes on and more people enter the industry with low-budget offers, it makes competing harder and makes brand and sales that much more important. Our customers aren’t looking on Craigslist, Facebook Marketplace, etc, so we aren’t competing with every company. But even for those that do compete on our playing field, we are totally cool losing a booking and keeping our brand value in tact.