Then you will have a cost of labor to work the event, even if you are the person who is working the photo booth at the event, you need to pay yourself a wage for the hours worked.Ī good rule of thumb for the margin is 50%. Your equipment has value, and a good rule of thumb is that the rental cost for equipment by itself should be 5 to 10% of the replacement cost. (10% of Total cost of equipment + Cost of labor to work the event) x2 A good business needs to make a profit in order to stay in business and be there for future customers.Ī simple formula to figure out how much you should charge: Really, it depends on the market that you are targeting, and your costs to provide services to your customers, and the amount of profit that you want to make.ĭon’t be afraid of the word PROFIT. This is a somewhat complicated question that has a simple answer.
Pairing a DSLR camera with a PC or windows tablet like a Microsoft Surface Pro lets you use any number of great photo booth software options.Ī very common question asked in photo booth Facebook groups by people who are new to the industry is: “How much should I charge?” The quality of the iPad’s front facing camera still cannot match the quality of a DSLR camera with an actual lens.īeing able to take a high resolution 18MP or 24MP photo means you can print out larger scale prints on 4″圆″ paper or even larger 5″x7″ formats. That is not to say that modern DSLR based photo booths aren’t still viable options. The only thing you would need to add is a light source, and many companies rely on a simple LED ring light to be the constant light source.Īnd if you want to print, you can use Air Print, or a wireless print server to be able to print the photos taken with your iPad photo booth. Photo Booth Software (like Snappic or Curator).Tablet w/Touch Screen (the iPad itself).There have been great improvements in the photo booth industry thanks to the power of both the iPad hardware, as well as the software available on iOS.Įverything you need to run a successful photo booth exists on an iPad Pro: With the growing trend of companies and individuals looking for quality entertainment for their special events, this is a growing industry.Īs with any business venture, there are many things to consider and learn as you jump into creating your own business plan for a photo booth rental business.īe sure to include all of the different goals and targets that you want to hit, so you can know that you are working towards the end result as you start this new venture. You can buy a photo booth and everything required to start your own rental company for under $5000. Let’s not forget how many people like to get silly in the photo booth at the annual holiday party! They are also widely popular at festivals, bar/bat mitzvahs, corporate events, and corporate brand activations. Photo booths are popular, and according to The Knot, over 75% of weddings hire a company to provide some kind of photo experience for their guests. Here at the Photo Booth Vault, we are dedicated to helping entrepreneurs start and grow their own companies, no matter the stage you are in.
A photo booth business can be a great side hustle, or it can even be your full time job!