It is becoming commonplace in contemporary times for many people to have a supplement source of income, outside of their regular full-time job. Thanks to technology and a shift towards the ‘gig’ economy, the times of slaving away in 2 jobs to make ends meet are gone, and people are seeking alternative options to earn a little extra cash while having fun.
One of the most lucrative and flexible options for an additional income outside of traditional working hours is investing in a magic mirror or photobooth business.
The demand for magic mirrors and photobooths at celebrations is rising, and many suppliers are struggling to meet the bookings. Many wise people are seeing an opportunity within this industry and are grasping it. The main benefits of setting up and hiring out magic mirrors or photobooths are listed below.
Flexibility
One of the most appealing facets of going into this type of work is the level of freedom available. Hours and hire times are entirely up to the owner’s discretion, and the ability to accept or even decline bookings is the owners choice.
The additional income
As the demand for photobooths and magic mirrors escalates, so does the cost that consumers are willing to pay for premium quality products and excellent services. Turning a profit is no hard feat within this industry, and making money while having fun is a great perk of being in control of your own finances.
Empire options
While it is appealing for most to own a photobooth and magic mirror business and to just operate on weekends, when you are in control of your own destiny, it is possible to scale up.
From hiring employees to investing in more equipment, the options are endless when it comes to growing and increasing the return on investment.
Easy to source customers
One of the most difficult aspects of starting a new business is finding customers. Thankfully, many owners of photobooth and magic mirrors are finding the customers are falling into their laps organically. Not only is social media marketing easy (and cheap) to this target demographic, it is easy to gain a customer base through word of mouth marketing as long as your website is presented well and informative.
Not only is the owner on the ground at parties with their product, but they are also face to face with potential new customers who are using and enjoying the photobooth and magic mirrors. The best source of income comes from referrals, and every booking is an opportunity for a referral and to increase the network reach.
Investing in the setup and hire of magic mirrors and photo booths on weekends can be a foolproof business opportunity which eliminates the uncertainty that comes with delving down the daunting path to financial freedom.
More opportunities by adding new technology to Hire, like Photography Robot Eva
Born in Malta in January 1989, Maurizio has always dreamt of doing something impossible in his life. That’s exactly what he has done a few years ago when he decided to leave everything and moved to the West Midlands. His Passion was also another reason why he has chosen the West Midlands – West Bromwich Albion. Worked in different industries, like tourism, advertising, construction and entertainment, finance was always something that he wanted to do. Asking who Maurizio is to his friends, you would have one simple answer, – Joker, A Caring Person and a Plane Spotter.
Been in or around engineering/manufacturing my entire life, grandparents who let you build cars with them have their uses!!
After spending 4 years in Leicester studying physics where my final dissertation project was heavily programming based I was keen to begin a career in software development. Working on Photobooths seemed like a fun and interesting place to start.
From College went into the family run business – Advertising Agency. Eventually took over the reins of the company and moved it into a more technical direction. After retirements changed the dynamic of the company we changed direction to a Direct Mailing Company specialising in digital and mailing’s for Electricity companies (MEB, British Gas, nPower). After a profitable run I felt a change was needed and so started a Programming and Consultancy Business. This eventually led me to the world of PhotoBooths and beyond.