Many people wonder if there’s any money behind the photo booth industry. Believe it or not, there is! Buying photo booth equipment can make you rich, but only if you invest in it long-term. In this article, we’ll talk about some of the ways you can bring home big bucks using photo booth equipment.
Buying Wedding Photo Booth Equipment for Sale
There are lots of ways you can make money with a photo booth, but one of the most prolific is by using it for weddings. A wedding photo booth is lots of fun for guests and has become increasingly popular in recent years. Having a photo booth at your wedding can:
- Entertain your guests during the reception
- Encourage family and friends to mingle and get to know each other
- Make your wedding memorable
You can make some serious cash by renting your photo booth equipment to enamored couples-to-be. On average, renting a photo booth for a wedding can cost anywhere between $500 and $1500, depending on the type of equipment you rent. By renting out your equipment to multiple events, you can pocket a good profit without having to put in much effort.
However, you will have to consider the cost of the equipment, upkeep, and repairs before going all-in on some shiny, new wedding photo booth equipment. Buying a photo booth, especially a new high-tech machine, can cost thousands of dollars. The up-front cost is sometimes enough to prevent budding entrepreneurs from taking the photo booth plunge.
You’ll also have to consider if the machine needs any regular maintenance, such as tank cleaning or ink refills. You will have to incorporate these costs into the cost to rent the machine to make a profit. Some people prefer to rent a fully digital photo booth to save money on these costs. Digital booths can connect to WiFi to send your guests their photos, rather than manually printing them. Photo booth renters can save lots of money by not having to regularly purchase paper and ink!
Below, we’ll talk about how you can get your hands on a functional photo booth and start your new side business.
Finding Photo Booth Equipment for Sale
If you’re still set on buying some photo booth equipment for sale, you’ll have to look in the right places. Some of the methods you can try to get your hands on some photo booth equipment include:
- Buying a new machine
- Buying a used machine
- Financing a new or used machine
Some people prefer to buy a brand-new photo booth, as it may last longer and have more modern technology than used models. However, this option costs the most as new photo booth equipment isn’t cheap. If you can’t afford to pay for new equipment up-front, some companies offer financing options. These options let you pay for your machine in monthly installments, which is often easier to manage over time. You can rent out the machine each month and use that money to help the machine pay for itself.
If financing isn’t an option, you could also consider buying a used photo booth machine. Used photo booth equipment is often way cheaper than new models and works just as well. Before purchasing a used machine, you should consider the following:
- How old is the machine?
- Does the machine still function properly, or is anything broken?
- Does the machine use paper and ink, or is it fully digital?
- Does the equipment need any cleaning or maintenance before it can be rented out for the first time?
- Can I still find replacement parts for the machine if something breaks or becomes faulty in the near future?
Getting used photo booth equipment is a great option as long as you’re satisfied with the answers to these questions. Before you know it, you’ll be making some significant side money just by renting out your photo booth equipment to others.
Conclusion
Before shelling out the cash for a new photo booth, remember our recommendations above. You should consider all the pros and cons of a photo booth, including cost and maintenance, before making a final decision. If you do decide to get that photo booth equipment for sale, you’ll soon come to love your new hobby. Leave a comment down below if you have any other photo booth recommendations, and share this article with your social media friends looking for a new moneymaker.
