Entrepreneur

0 readers

1 users here now

Rules

No Personal Attacks - criticism of ideas is allowed, attacking people is not.
Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 10 months ago

MODERATORS

communick@indiehackers.space

I run a photo booth rental business that generates $400k annually. AMA (alien.top)

submitted 9 months ago by maydaybutton@alien.top to c/entrepreneur@indiehackers.space

171 comments fedilink hide all child comments

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!

you are viewing a single comment's thread
view the rest of the comments

[–] davidlowie@alien.top 1 points 9 months ago (1 children)

How many booths and employees? I’m bringing back my photobooth biz after a few years off when my second kid was born.

[–] maydaybutton@alien.top 1 points 9 months ago

With two booths In a couple employees you should be able to make six figures gross at least. It's all about business strategy how to sell, getting the customers, knowing what they want, and marketing appropriately.

Employees are W-2, out of state contractors 1099.

Yeah you could get away with not working the events hiring right off the bat, just make sure you train up your team well enough and you take the time to learn everything well enough to help them. Make things as simple as possible so anyone with arms and a half brain could potentially make it work. Still I recommend you hiring full-brained employees ;)