https://pmssholidaybazaar.wixsite.com/2018/sabas-festive-photo-booth
During the bazaar we sold a photo collage for $4 dollars and a sticker for $2 on Monday, Wednesday and Friday. We only worked those days because on Tuesday and Thursday the other photo booth set up shop. I was working with Arun Ghag, Amy Ferguson and Sarah Feng. We did it because we thought it would be a good and wholesome business to capture students and staffs years of being at Port Moody Secondary school. In total we made $102.85 profit and our cost was around $94 dollars.
An academic concept that came up was that you needed to spend money to make money as we spend a lot of money on props/backdrops but we made back more than double we spent. We noticed this by the quality of the product tended to be better the more money they spent. We did not use that academic concept as we already had what we needed and the quality of the product was very good. We did need to change our approach because in the first day we realized not too many people were coming to our booth so we decided to add another layer of paper, put up more signs, string more lights and go up to people and bring them over to our booth. the experience was different from my initial expectation because I thought that everyone would immediately come over to our booth instead of us having to go and fetch them.
I learned how to attract people and cooperate with others in order to make money and succeed as well as learn from others mistakes and that money makes money. I learnt it by experience as I expected everything to sail smoothly instead of us having to do excess work/effort. It matters because I will now know what to do in the first place to be successful instead of having to start from scratch. In the future I believe that we should be able to resell products instead of making it ourselves as that made it significantly harder to do.