The Benefits of Starting a Photo Booth Company
Say cheese…
You know the usual saying “A photo is worth a thousand words.”
In our case, it’s actually worth a couple thousand of dollars in revenue. That’s not the only good thing here folks, you’ll be reaping a ton more benefits from taxes, you’ll be surrounded by fun people, and you’ll build a long lasting business that is just plain fun!
Are you someone who is looking for a thriving business system that allows you to feel like you’re in a party setting, and at the same time getting paid to be around happy people?
There are very few “jobs” out there that can answer to the question above, but we’re not looking for a job. We are here to set our own destiny and be our own boss.
The photo booth business is one that can greatly benefit you in almost all aspects of happiness and at the same time it allows you to take full advantage of your taxes!
Let’s further discuss why it’s so beneficial to start your own photo booth business.
Tax Advantage Working For Yourself
If you’re an aspiring entrepreneur or someone who owns their own businesses, you definitely know very well that when it comes to your taxes, it is simply one of the best perks of being self-employed.
Unlike working for someone else, you, as a sole proprietor can take huge tax advantages. When you are an employee who files a w-2 every year for taxes, you are limited to only a few deductible expenses and that’s only after 2% of your adjusted income.
Meanwhile, a self-employed person can deduct as many expenses related to his or her business.
This is great news for photo booth businesses because you can write-off a lot of equipment that is part of your business such as the photo booths. But that’s not all, you can deduct and write off cell phones, mileage, office expenses, and much more because they are related to the business.
One great thing is that your kids can work with you too! Have them join and if you pay them, their income is sheltered up to a certain amount before a very small tax rate is applied to it.
As you notice by now, it’s quite a benefit for photo booth business owner. They can deduct expenses while have the whole family get in it too.
Extra Income, How One Booth Can Generate 30k Or More A Year
A photo booth company can be very profitable if you dedicate your time to making it a full-time business.
Even if you don’t want to make it a full-time business , you can make it a side hustle that can generate you, at least, 30k if not more.
The service you sell has a price range around a minimum of $500 to a maximum of $1500 or more. That’s only the photo booth service alone. You can even offer more to increase your earning by providing services such as scrapbooks and to work with your customers’ on delivering pictures for their social media.
There are many extra services you can sell to attract your customers and increase your profit, and the best thing of all about it is you can still do it as a side business to earn a big income.
It also depends on the reputation that you will build for yourself as you work continue to work on this business and build a client base. It will most likely be easy to build a client base as you are having fun and engaging in an activity that creates rare moments that happens only a few times in people’s lives.
The business itself will easily create its own client base because you yourself are having fun and actively engaging your customers.
You’re Always At A Party And People Are Always Having Fun And Smiling
It is quite a nice feeling to know that you’re always going to some sort of events or parties that are always filled with people smiling and being happy. You’re getting paid to literally have fun.
It’s the 21st century where people take their pictures extremely serious as if the photos are pages from a book that talks about their lives. You yourself probably think the same way or may have noticed this from all the social medias.
Pictures represents happy times and moments, with the photo booth business, you get to be part of these great moments of happiness. It is truly a wonderful feeling.
You Develop Business Relationships That Turn Into Long Term Clients
The photo booth business isn’t just about taking a bunch of photos, it is also a great business to build strong lasting relationships with your customers.
The next time your client need someone to take their photos, they will know exactly who to contact, you of course!
Eventually, if you feel like running your photo booth business full-time, you can make it happen with a strong list of clients who trust you and want to do business with you.
People often times will recommend you to their friends too, and that makes it even better as your business can gain tremendous publicity.
It’s Just Plain Fun
A photo booth business is a fun business. There’s nothing much to say about its bad side. You’ll have a lot of fun taking photos, partying with people, and become a part of their life by creating memorable pictures that will last.
Enjoy the fun while you get a handsome pay is a rare experience that many people would die for.
Get yourself a photo booth and have fun making a living, it literally can be a life changing business model for many.
Thank You For Reading!
I love to share great ideas about the photo booth business as it is one of the most fun experiences that a person can experience.
If you are deciding to build your photo booth business, it is a business that can give you a whole lot of benefits and happy times in your life too.