this post was submitted on 27 Nov 2023
1 points (100.0% liked)

Entrepreneur

0 readers
1 users here now

Rules

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
 

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!

top 50 comments
sorted by: hot top controversial new old
[–] Ricothebuttonpusher@alien.top 1 points 9 months ago (1 children)

When you started doing out of state events, did you hire people to run the booth or how did you outsource that work and find someone trustworthy to do it?

load more comments (1 replies)
[–] teemohtee@alien.top 1 points 9 months ago

Remindme! 2 days

[–] tommysael@alien.top 1 points 9 months ago (1 children)
[–] Scoot3R67@alien.top 1 points 9 months ago

Beep boop beep boop 🤖 I will remind you in one day.

[–] KelvinColl@alien.top 1 points 9 months ago (1 children)
[–] Scoot3R67@alien.top 1 points 9 months ago

Beep boop beep boop 🤖 I will remind you in 24 hours.

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

What % of the business has been referrals over the past 5 years?

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

It's hard to say exactly, because not everyone who refers tells us they referred (or that they have been referred), and we've switched CRMs over that time. But running the numbers I'm showing about 8% repeat/referrals (though I feel like it's probably closer to 12-15%).

[–] dabidoe@alien.top 1 points 9 months ago (2 children)

What's the process for getting started, where did you buy, did you buy with savings or credit. How did you get hooked up with the weddings/events circuit, what market are you in?

Details MF!

load more comments (2 replies)
[–] dj2ball@alien.top 1 points 9 months ago

Remindme! 2 days

[–] deljakson@alien.top 1 points 9 months ago (1 children)
[–] Scoot3R67@alien.top 1 points 9 months ago

Beep boop beep boop 🤖 I will remind you in 20 hours.

[–] mypasswordtoreddit@alien.top 1 points 9 months ago (1 children)
[–] Scoot3R67@alien.top 1 points 9 months ago

Beep boop beep boop 🤖 I will remind you in 2 days.

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

Remindme! 38 seconds

[–] therealrico@alien.top 1 points 9 months ago (1 children)
  1. How many photo booths do you have?
  2. How many events are you doing a year?
  3. Are all photo booths the same?
  4. What do you charge per event?
  5. Do you charge the same regardless of event?
  6. If not what are you adding that is extra? How long to set up and take down?
  7. Are you doing all of the events or are you hiring people to do it?
  8. Any unforeseen issues you came across?
  9. Is this the only service you provide, or is it an ancillary service such as tent rental, or catering?
  10. Are all or most of your rentals during the weekend? Or have you been able to fill the week out with rentals as well?
load more comments (1 replies)
[–] RefuseNo82@alien.top 1 points 9 months ago (1 children)

How can I get started doing this? What equipment other than the booth do I need?

load more comments (1 replies)
[–] FITGuard@alien.top 1 points 9 months ago (1 children)

Who are your l biggest sources of leads?

What's the general go to marketing strategy, are people referred in, social media ads, outbound emailing, organic web search?

Can you provide. A high level workforce or tunnel?

Thanks!

[–] maydaybutton@alien.top 1 points 9 months ago (2 children)

Google, purely organic. Then referrals (including repeat bookings, venues, agencies, and planners). Then social media (organic) through Instagram.

Go to market strategy is to produce quality content, build a reputable brand, and dominate search. I don't know how conventional it is for an average business, but it works for my business. I wanted to create something that felt exclusive, and leverage our experience from each event to further brand relationships and establish ourselves as a legit player.

load more comments (2 replies)
[–] iKnoeNothing@alien.top 1 points 9 months ago (1 children)

I have started a party rental company and would love to know how you promoted your company and what connections are important in the industry.

And do you have predictable revenue?

[–] maydaybutton@alien.top 1 points 9 months ago (2 children)

Join WIPA (wedding pros), local chambers, and ILEA (international live events), to make some good connections in the industry. Offer your services for free ONLY to the planners/agencies, never to the end client. And do it just to showcase what you are doing - make sure to get photo/video content along the way to use that showcase to further promote your biz on socials. Stay away from big-brand weddingwire, theknot, yelp, etc paid services (but def create a free account). My biggest success is SEO long-term, but if you focus on relationships up front, it will pay off sooner.

Yep, I am like 95% confident (external economic factors aside, such as COVID) that we will hit $500k gross next year. Our revenue has been growing at a steady rate since the start, and we just started offering 'revolutionary' AI services which is positioning us for much higher-ticket events in 2024.

load more comments (2 replies)
[–] demhagul@alien.top 1 points 9 months ago

Remindme! 2 days

[–] gatoooRVC@alien.top 1 points 9 months ago (1 children)
[–] Scoot3R67@alien.top 1 points 9 months ago (1 children)

Beep boop beep boop 🤖 I will remind you in 4 hours.

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

You're going to have to keep the the hard work, good thing robots never get tired. Lots of people want to be reminded

[–] CaramelOwn958@alien.top 1 points 9 months ago (3 children)

Are you good at lead generation buisness for local buisnesses?

load more comments (3 replies)
[–] MesWantooth@alien.top 1 points 9 months ago

Remindme! 2 days

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

Remindme! 2 days

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

Remindme! 2 days

[–] goper2@alien.top 1 points 9 months ago

Remindme! 2 days

[–] kolav3@alien.top 1 points 9 months ago

Well I make over 2 millions in sale but I'm still fuckn broke

[–] smr2002@alien.top 1 points 9 months ago (1 children)

I've just started running Facebook ads for a photo booth rental company. What's worked best for you in your online marketing?

load more comments (1 replies)
[–] FatBastard404@alien.top 1 points 9 months ago

Remindme! 1 day

[–] Firm-Hold2269@alien.top 1 points 9 months ago (1 children)

How much do you rent the Photo Booth for? What is your profit margin? How many do you own?

load more comments (1 replies)
[–] akvalentine977@alien.top 1 points 9 months ago

Remindme! 2 days

[–] Recent-Project757@alien.top 1 points 9 months ago

Ok 400k net but what's the tax rate business expenses do you have employees if so how many and how much a re you paying them

[–] Impossible_Cow_9178@alien.top 1 points 9 months ago

Nothing like an “ask me anything” where the OP responds to nothing 🙄

[–] 88captain88@alien.top 1 points 9 months ago (1 children)

How much do you pay yourself hourly (or how many hours you work/what's your salary)? After you pay yourself how much profit does the business make?

load more comments (1 replies)
[–] goathook@alien.top 1 points 9 months ago (1 children)

What area(s) do you operate in?

load more comments (1 replies)
[–] CeilingUnlimited@alien.top 1 points 9 months ago (1 children)

Could someone with a 9 to 5 do this and make solid money at it? Like right now - 3:30 in the afternoon on Monday.. What are you doing?

load more comments (1 replies)
[–] gerrymandersonIII@alien.top 1 points 9 months ago

I thought about doing one of those giant mirror wedding photo "booths".

How do you transport/ get into the building? What's the cost per booth? How many do you have? What's the size of the city you're in? Do you have employees? If so, how many? What's your pricing structure look like? How many weddings do you supply annually to hit the numbers you do?

[–] troubledtimez@alien.top 1 points 9 months ago (2 children)

Where did you find the booths? Or did you make them?

load more comments (2 replies)
[–] AliExpress7@alien.top 1 points 9 months ago (1 children)
  1. how do you generate leads?

  2. do you have partnerships with any other services

  3. who are your target customers?

  4. do you do any advertising?

  5. what distance ranges do you provide services too?

Thanks In advance!

load more comments (1 replies)
[–] Bubblepixie@alien.top 1 points 9 months ago (1 children)

I like this, I like the idea, I hope the business prospers

load more comments (1 replies)
[–] longlongcalls@alien.top 1 points 9 months ago

How do you market? Who are your target customers? How did you acquire your first 5 customers?

[–] _Deuce22@alien.top 1 points 9 months ago (2 children)

Where will the course be sold online? Udemy? Company website?

load more comments (2 replies)
load more comments
view more: next ›