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

submitted 11 months ago by maydaybutton@alien.top to c/entrepreneur@indiehackers.space

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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!

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[–] davidlowie@alien.top 1 points 11 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 11 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 ;)