The entertainment business is glamorous and requires strategic planning and experience to succeed. This industry encompasses newspapers, magazines, TV, radio, film, music, books, and the internet.
Industry experts forecast that internet advertising will experience the highest CAGR of 10.7%, in contrast to magazine publishing’s predicted -1.9% annual decline.
While certain facets of the entertainment industry demand large financial outlays, other smaller-scale opportunities can be developed with minimal capital investment.
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25 Entertainment Business Ideas
This list provides 25 of the most popular and lucrative entertainment business ideas for new entrepreneurs.
#1. Actor’s Photo Portfolios
As a talented portrait photographer, you can launch an actor’s portfolio business with minimal capital and work part-time. There is a wide market for this and anyone looking to pursue a career in entertainment is a potential customer.
#2. Ad Film Making Business
If you have expertise in the area of commercial filmmaking, ad film production represents an incredible business opportunity in the entertainment sector. Companies frequently hire creative ad filmmakers for product and service promotion.
#3. Amusement Park
Amusement parks such as Disney Land, Knoebels, and Cedar Point have become successful ventures, however, setting up a park of this type requires both diligent financial investment and detailed planning. It is the perfect business opportunity for passionate entrepreneurs looking to gain a profitable reward.
#4. Balloon Bouquets
By offering creative balloon arrangements for occasions and events, one can build a balloon bouquet business. Securing contracts with other businesses is a great way to do this.
#5. Bouncy House
Renting inflatable bouncy houses for children is a growing outdoor entertainment business. It can be operated as home-based and part-time, and it appeals to kids of all ages.
#6. Career Expo
If you have the right connections in the industry, consider launching a business to organize career expos – they can be extremely profitable worldwide.
#7. Comedy Club
Putting on a comedy performance is a beloved form of amusement for folks of any age. There are two main ways to start up such a business: you can either opt for a permanent venue, which is much more costly, or you can offer mobile and ad-hoc services.
#8. Corporate Event Planning
Planning corporate hospitality events is a profitable side business that’s easy to start and can be fun. It involves giving services in connection with entertaining events put on by companies for their staff, clients, or stakeholders. Learn more…
#9. Dance Studio
Starting a dance studio is a fun and profitable business that has been successful since ancient times. You can do this in two different ways, by offering general instruction or creating a specialized studio focused on one particular style of dance, such as breakdancing or swing.
#10. Mobile DJ
If music makes you happy and you have a lively personality, consider owning a mobile DJ business. You’ll be spinning tunes and making people smile plus generating a consistent additional income.
#11. Mobile Sauna
A mobile sauna is a great business venture for the colder months. You can offer this service to tourists, travelers, and even clients who want to enjoy a hot bath in the comfort of their own homes.
#12. Modeling Agency
By leveraging good connections, you can start a modeling agency with minimal investment. This type of business involves finding people from diverse backgrounds – such as different shapes, sizes, and races – to showcase a product or service for clients in exchange for payment.
#13. Musical Band Management
You can kickstart your business involving music bands in two different ways. Firstly, you could establish a full-fledged company of your own, solely dedicated to providing music ban services. Alternatively, you could provide representation to a variety of bands for functions and parties.
#14. Night Club
Establishing and managing a nightclub can be a thrilling, luxurious, and very rewarding venture for someone seeking to become an entrepreneur. People look for opportunities to
#15. Online Wedding Marketplace
Creating an online wedding marketplace is a great e-commerce business idea that can be launched from home. The platform can provide all sorts of services for newlyweds.
#16. Party Entertainment Service
Party planning businesses provide a wide range of entertainment services, from clowns and musicians to magicians and comedians. Singing telegrams, public speakers and acrobats are also popular options for adding extra fun to any event. Plus, for more adult-themed parties, there are always specialized entertainers available.
#17. Pop Up Hotel
Pop-up hotels provide a luxurious experience in premier locations. As it requires significant capital, those wishing to open one must be aware of the laws and regulations governing such businesses.
#18. Professional Emcee
Professional emcees are often sought after, and they can be hired to host events, open seminars, or be the master of ceremonies at different kinds of events. This business can easily start out as a part-time, home-based venture.
#19. Recording Studio
The music and entertainment industry requires a quality recording studio, where the sound quality is dependent on the equipment used. A strong financial and marketing plan is needed for starting this type of business.
#20. Trade Show
Trade shows provide a great opportunity for buyers and sellers to connect, particularly in B2B, retail, and brand-building activities. They can also be very profitable for organizers.
#21. Video Game Arcade
Creating a video game arcade is one of the most profitable entertainment businesses in metro or suburban cities. Opting for the Shop-in-shop approach is the best choice for this kind of venture.
#22. Video Editing Service
A home-based video editing service can be started with only a computer and the necessary software. This is a must after every video shoot.
#23. Voice Over Service
Voice-over services are often sought after by film producers, advertising firms, radio stations, audiobook publishers, and corporations for telephone messages. If you have an excellent singing voice and know how to use it, then you may want to consider starting a voice-over service business on a part-time basis.
#24. Wearable Band
The drum pants, as they are known, allow people to make music just by moving their arms and legs. It’s a unique entertainment concept that has gained immense popularity globally.
#25. Wedding Consulting
If you’re detail-oriented and have excellent organizational skills, you may consider setting up a wedding consulting business. Over the past decade, the demand for professional wedding consultants has increased significantly due to time constraints faced by couples who need help planning their dream wedding.
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