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

submitted 1 year 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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[–] maydaybutton@alien.top 1 points 1 year ago

Outsource (white label) work to existing companies, based on trusted relationships. Either referred to me, screened, or met in person at industry gatherings. It's difficult to manage because multiple cooks and no 'direct report' but I've got a system now that is more efficient than most for this. I also pay premium rates to get the best - I don't want discount work. Margings are waay lower for these, but an extra $50k net a year isn't bad still.