Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$600

$4,700

Equipment & Supply Expenses

$66

$700

Inventory Expenses

$300

$5,000

Advertising & Marketing Costs

$75

$5,286

Software Expenses

$162

$3,044

Total Startup Costs

$1,577

$33,297

BalloonPlanet.com

balloonplanet.com

705,410

Galaxy Balloons

galaxyballoon.com

985,247

Albuquerque International Balloon Fiesta

balloonfiesta.com

1,048,288

Balloons.com

balloons.com

1,060,919

Lushra

lushra.com

1,064,506

NobbiesParties

nobbiesparties.com

1,172,953

Anagram

anagramballoons.com

1,179,295

WeBalloonz

weballoonz.com

1,347,756

T.O. Balloons

toballoons.com

1,505,025

Badass Balloon Co.

badassballoonco.com

1,578,200

Balloon Designers

balloondesigners.com

1,934,052

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Meaningful business connections

You never know who you will meet as a balloon decor business. This could be the start of an incredible business opportunity!

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

Pick & choose the clients you work with

Balloon Decor Businesses have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!

Unlimited income potential

With starting a balloon decor business there is no cap as to how much income you can make. The stronger your business skills and the more energy/time you put into your career, the more you'll make.

Predictable income stream

Your businesses income stream tends to be predictable based on the number of customers you have signed up. This makes financial planning and outlooks much more seamless!

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

Low margins

The gross margins for your balloon decor business are typically around 40%, which can make it more challenging to incur new expenses and maintain profitability.

High employee turnover

In the balloon decor business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.

Niche Market

A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.

High overhead expenses

With starting a balloon decor business, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.

Churn

In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.