Last week I went out to eat with my family at a local restaurant and there was a person walking making balloon animals, with a button that said "I twist for tips". How much could you make?
My assumptions (that may be wrong):
Average cost per balloon: $.06
Upfront balloon Investment: 500 balloons x .06 = $30.00
Balloon pump: $10.00
Pouch for supplies: $10.00
Average number of balloons per animal: 2
Average tip per animal: $1.00
Startup capital needed: $ 55.00 ( balloons,pump,pouch,button)
Average cost per baloon animal: $0.12 (two balloons)
Average revenue per baloon animal: $0.88
So if you worked for 4 hours, and made 8 balloons an hour, you would make 32 balloons.
That would net you 28.16 in profit per day. ($0.88 x 32), or $6.52 per hour.
If you did this Friday and Saturday 48 weeks a year you could make $2,511.36 per year (2 days x 48 weeks x $26.11 per day)
Good news: you break even on your third day.
Bad news: you could make more per hour working at a fast food restaurant.
It would be a much better deal if the restaurant paid you too, or you passed out cards promoting your other "balloon animals for parties" business.
Problem solved: Making money twisting balloons.
Disclaimer: This post should not be used to make a decision about a balloon twisting business.