Chapter
The Profit Margin of Cheap Amusement Businesses
36:30 - 42:24 (05:53)
Adding corporate event hosting and investing in immersive experiences can turn a low-margin business into a high-margin one, reaching up to 30%. The use of lighting to create the perfect photo is a clever marketing strategy to attract customers.
Clips
Meow Wolf is a new kind of museum that invites visitors to touch, feel and experience art in a dynamic and immersive way.
36:30 - 37:40 (01:10)
Summary
Meow Wolf is a new kind of museum that invites visitors to touch, feel and experience art in a dynamic and immersive way. They have redefined the traditional museum model by creating interactive and artistically stunning rooms that beg to be shared on social media.
ChapterThe Profit Margin of Cheap Amusement Businesses
Episode#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
PodcastMy First Million
Refinery29's 29Rooms is a pop-up event that combines selling tickets and sponsors.
37:40 - 38:36 (00:55)
Summary
Refinery29's 29Rooms is a pop-up event that combines selling tickets and sponsors. Their events take place in empty warehouses around the country and tickets sell out in advance.
ChapterThe Profit Margin of Cheap Amusement Businesses
Episode#98 with Ryan Begelman - How to Bootstrap Buying a Mountain
PodcastMy First Million
By adding corporate event packages to a cheap amusement business, profits can increase from 10% to 30%.
38:36 - 42:24 (03:47)
Summary
By adding corporate event packages to a cheap amusement business, profits can increase from 10% to 30%. One such business uses immersive experiences and professional lighting for optimal photo opportunities to attract customers.