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!

  • iKnoeNothing@alien.topB
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    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.topOPB
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      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.

        • maydaybutton@alien.topOPB
          link
          fedilink
          English
          arrow-up
          1
          ·
          1 year ago

          Not a software in particular, we process the image through 3rd party APIs in the cloud and automate the POST process and sharing or printing.