With every industry boom, there is a set-back, and that set-back is our market. Nothing is more annoying then paying for a photographer at your wedding, and having most of the pictures turn out with a person in the background taking a photo. The photographer was hired for the reason.
We believe that people are getting away from enjoying these moments, and try to capture them instead. Given the fact bride and grooms spend thousands on photography, there is no need for aunt Susie to bring her Nikon. It's this trend that we build the company around.
Here are a few examples of the trends.
Why are we selling the company? This was company was built from the love for Photography. Our mission is to continue doing what we love, and selling Photoetiquette will help that.
Two people took an idea, and turned it into a fully function E-Commerce business. The below valuation is based on the intent to completely sell the company and it's assets. Price and asset purchases are negotiable.
Wedding industry - $40 Billion per year
Number of Weddings/ Year - 2.5 million.
LLC - Photoquette - $150
Copyright - Logo $100
URL - photoquette.com - $100
URL - photoetiquettecards.com - $500
URL - photoetiquette.com -$10,000
URL - photoetiquettecard.com - $50
URL - Weddingetiquettecards.com - $500
URL - Weddingphotoetiquette.com - $100
Intellectual Property - Website Design/Photography/Development - $30,000
Growth Potential Value - $30,000
Total valuation and sales price - $71,500
We sell this product at $50 per unit, and our cost is $6. I set the price high, to ensure that when it came time to sell the company, there was room for price adjustments. I literally only put $150 into Marketing, and multiple people bought the product. Total Sales were $360 at 7 units, and the Total amount invested by founders was only $1,680. With the right Marketing Push, the possibilities are HUGE.