You should make plans to spend $250,000 and above if you want to start a selfie museum that features a series of themed rooms or scenes in the United States of America. But note that this price can be affected by a lot of factors.
Selfie museums have gained popularity as immersive and shareable destinations for selfie enthusiasts and social media influencers.
Although selfie museums are not so popular, but trust me, it is a business that if well-planned and positioned can fetch the owner a steady income.
A selfie museum is a fun place where you can take cool pictures of yourself. It’s like a big playground with different colorful rooms and decorations that are perfect for photos.
You can use props and interact with the displays to make your pictures more interesting. People love going to selfie museums to take unique and fun photos to share on social media.
Factors That Influence the Cost of Opening a Selfie Museum
-
Purchasing, Rent, or Lease of Property
Note that if you opt for rent or lease, you will spend far less when compared to someone who opts for an outright purchase or mortgage of the property.
Of course, the size, location, and available facility in the property will determine the amount you will spend in this regard.
Note that you should budget about $65,000 or more if you want to rent a decent facility for your selfie museum in the United States of America.
-
The Required Renovations and Modifications
If you are fortunate to get a property that requires little renovations and modifications, then you will only spend less, but if you get a property that does not look like what you want, then you must create a robust budget for renovations and modifications of the property.
No matter the type of property you acquire, lease, or rent for your selfie museum, you will have to spend money to make sure that the facility meets the specific requirements of a selfie museum because the selfie museum is expected to feature a series of themed rooms or scenes, a variety of backdrops and props, enhancing their selfie-taking experience and providing opportunities for creative and unique photos.
-
The Cost of Securing the Needed Licenses and Permits
The licenses and permits required to start a selfie museum can vary depending on the location and the specific regulations in your area or state.
However, if you are looking to start a selfie museum, then you must be prepared to get a general business license from the local city or county government in your area.
Aside from general business license, you should also make plans to get licenses and permits such as zoning and facility use, fire, health and safety permits, and state or provincial licensing and permits.
-
The Cost of Staffing
The fact that you cannot operate a selfie museum alone means that you will need employees to work with. In essence, if you want to start your selfie museum, then you must create a budget for employees who will occupy various positions in your organization.
It would help if you considered the cost of hiring qualified staff members, such as a museum director or manager, creative designer or set designer, session coordinator, operations manager, marketing and promotion manager, administrative personnel, and support staff.
Note that the number of employees you are expected to hire for your selfie museum will depend on the size of the facility and the additional services provided.
-
The Cost of Furnishings and Supplies
If you are planning to start a selfie museum, then you should plan to furnish it with essential items like colorful backdrops, props, and interactive elements for each themed room.
You will need comfortable seating areas for visitors to rest and review their photos. You should also have a budget for good lighting throughout the museum.
Install mirrors strategically to help visitors check their poses. You should also provide charging stations for smartphones so guests can keep their devices powered up for snapping pictures.
These are just the basics, and you may want to go the extra mile to add safety equipment (fire extinguishers, emergency exit signs, and first aid kits), and some fun amenities like a snack bar or souvenir shop to enhance the overall experience.
-
The Cost of Insurance Policy Covers
It is important to have appropriate insurance coverage to protect your selfie museum from potential liabilities. You should make plans to purchase general liability insurance, professional liability insurance, property insurance, workers’ compensation insurance, and fire insurance.
Note that the cost of insurance for a selfie museum will depend on various factors, including the size of the facility and the services offered.
-
The Cost of Organizing Events and Marketing Programs
The fact that your selfie museum is new means that you must be deliberate in promoting the business if indeed you want to attract clients.
Part of the areas where you are expected to spend money in this regard is through social media platforms by sharing captivating photos and videos of its themed rooms, encouraging user-generated content with branded hashtags, collaborating with influencers for promotion, offering special events or contests, and leveraging targeted digital advertising campaigns to reach potential visitors.
Interestingly, most selfie museums usually organize events that will bring together social media influencers, photographers, modeling agencies, and people who like taking pictures.