5 Guides to Do Photo Booth Business in the Philippines

In a fast-changing era like today, most people wish to have every precious moment in their life captured to keep the memories alive. Hence, the photo booth business has grown its popularity over the past few years.

People in the Philippines themselves have a lot of events to celebrate every year and all of these moments are worth documenting. One of the examples is during the wedding day. But then again, as the people who have become part of the party itself, snapping the golden moment on your own seems to not be the best idea. Of course, you can’t take a picture with your phone, but it will be too much of a hassle if you have a big family.

Hence, the photo booth business is being invented to solve this problem. If you happen to plan to start a photo booth business, then you have come across the right article because here we will be giving detailed information regarding a photo booth business from how beneficial it is, how to get started, and how much of a budget photo booth business owners need as a starter. So, here is your read, we hope it can help answer your questions.

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What Is a Photo Booth Business?

The photo booth business is the type of business that allows passersby to take photos during gatherings and local events. It is common for a photo booth to be found at parties, weddings, movie theaters, music festivals, and other locations where crowds usually formed. In modern days, the photo booth business gives customers more varied photo-taking options.

The modern photo booth is compact while providing a digital and interactive display by sending the soft file of your picture directly to your mailbox through a text or email. There are plenty of businesses that also use the photo booth to capture contact information in-store and at events. 

Not only that, photo booth businesses nowadays give access to each of their customers/participants to share their images, videos, or GIFs directly to social media such as Instagram, Facebook, TikTok, and many more, allowing the user to flaunt their cool experience on an event and giving the free and instant publicity to the business owner.

How Beneficial Is the Photo Booth Business?

Nowadays, people can easily take pictures using their smartphones to record every single moment of their life. The advanced technologies probably make some groups of people question whether or not a photo booth business can get the market enthusiasm and make money.

If this fact is also concerning you to the point you question your decision to start a photo booth business, then, we have to assure you that you can go along with your original plan and do the business. The invention of the crystal clear phone camera nowadays has not been dimming the market demand for a photo booth.

According to MarketWatch, the global photo booth market is expected to grow around 12% annually over five years. The photo booth business profitability is predicted to rise from US$360 Million in 2020 to an estimated US$582.9 Million in 2026.

How to Do Photo Booth Business in the Philippines

Has the growing potential of the photo booth business captured your attention? If you are now looking for a guide on how to start a photobooth business Philippines, here is what you should’ve been doing:

Plan Your Business

Regardless of what type of business we are going to do, it is mandatory to have the right planning before getting it started. Your business plan should have cover answers to a few topics, such as:

• What are the startup and ongoing costs needed to start your photo booth business?
• Who is your target market going to be?
• How about the pricing of your services? How much does your customer have to pay for a picture?
• How will you name your business?

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When you are determining the capital to start your business, you will have to consider if your business going to be a DIY photo booth business with an iPad-based photo booth or a more professional setting with DSLR-based photo booths, or a hybrid booth that covered the ease to use the trait of an iPad-based photo booth with the seamless printing setup like a DSLR-based photo booth.

Different choices will lead you to spend different amounts of budget, so make sure you have a clear mind of which type of booth you are going to use for running the business. Next, determining the target audience of your business is also important. You will have to look out for patrons at any special events. Ideally, the weddings, VIP areas, grand openings, and special guest visit events will have more potential.

Usually, a photo booth business is making money per shot basis or per renting hour. It’s up to you to determine how to charge your customer. You can offer a package bundling of digital and printed versions of photos taken to make extra money.

One of the most important things is to pick the right photo booth business names. It is better to operate your photo booth under a business name so it will be easier to register your business. 

Invest in the Right Equipment

Since you are going to open a photo booth business, getting a camera booth, printer, laptop, props, lighting tools, and other additional stuff is mandatory. You can also consider investing in photo editing software such as Photoshop to help your customer correct their picture so they will look more splendid.

Additionally, you can also reach out to professionals to help you create a business website where you can put detailed information about your business, publish the portfolio of your business, and use it as one of the media to promote your business.

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Form a Legal Entity and Obtain the Necessary Permit and License

Once you have got the business name, you can establish a legal photo booth business license under a corporation. Aside from getting a more professional look for your business, the legal entity will also protect you from being held personally liable in case your photo booth business is getting sued.

Open a Business Bank Account and Register for Taxes

To protect your asset, it will be best for you to register a separate bank account under your business name. This is to avoid putting your assets such as a house, car, and other valuables at risk in case your business is getting sued. 

As for taxes, it is mandatory regulation for every business to register for a variety of state and federal taxes before actually starting the business. You can refer to your country’s tax regulations to get this done.

Define Your Brand

To help your business stand out from other competitors, you will need a strong branding strategy. Look for a professional designer to help create an extraordinary logo for your business and think of an easy-to-remember slogan for addition. 

You will also have to know how to market your photo booth business so people can discover your service. Consider creating a Facebook Page for your business as well as a Youtube account to promote your photo booth content in the video. Online marketing will be the main strategy for your business promotion. But of course, you can also partner up with a local Wedding Organizer and Party Planner if you wish to.

Conclusion

Despite some people saying that there are a lot of photo booth business for sale, implying that this type of business is most vulnerable and gets a higher chance of failure, the photo booth business still offers the potential to bring profit if you know how to manage it well.

Not everyone is suitable for this type of business, this is a fact that we can’t deny. So before you practice this guide on how to start a 360 photo booth business, you will have to understand that this type of business is more suitable for people who are:

• Interested in a business with low start-up costs.
• Passionate about photography and wish to create a business around this interest.
• Already own a business that benefited from photo booth.
• Have good communication skills and doesn’t mind working even on weekends or during holidays.
• Enjoy the idea of being around so many people as well as attending events and parties.

Aside from starting a photo booth business, if you are only looking for a business with low start-up costs, you can also start an online business. Regardless of your choice, if you know how to market your business correctly, you can gain profit from it. The best way to promote your business in modern days will be through digital marketing.

Join Ginee Philippines!

If you are completely new to the business and have no idea of how digital marketing works, you can reach out to Ginee. Ginee is a multinational company that provides an ERP system to help entrepreneurs manage their business more efficiently as well as help them to boost their sales.

With the latest technology of the AI system combined with the professional team of Ginee, you can easily reach out to potential customers and gain the exposure you need. You will be getting the strategy and media plan for your business and your ads account will be managed and monitored by Ginee’s professional team.

Not only that, Ginee will give you a complete report of your ad’s performance so you can evaluate your business and make the necessary changes if needed. Change the game now and be the lead in the market by working alongside Ginee. All business is going to work, you just have to look for the right partner to help you continuously improve your business, and Ginee is one of them.

Visit the Ginee Philippines site now and complete the free registration. You will be granted seven days of free trials where you can enjoy all of Ginee’s amazing features and watch how it helps take your business to another level. So, what are you waiting for? Success is just one step ahead, let Ginee help you to grab it. Join Ginee Philippines now!