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How To Start A Photography Business, How Much Does It Cost? by Ahumanbeing: 8:04am On Aug 17, 2020
How to Start a Photography Business

Starting a photography business is a great way of getting extra income or adding up to build your skill profile, if you’re truly devoted. Of course the Photography market is saturated, new photographers always have a way of fitting in. This depends on the niche and persistence coupled with fee little tricks which can be found in this Content. Many photography business owners have been able to find their niche and build a sustainable career. Like most creative endeavors, you need to balance your passion for photography with real business skills in order to be successful – Photography and YouTubing can make you made for life!

To build and grow your business, you need both raw talent and a knack for marketing. An ability “to market yourself” was one of the most important factors in success. You should continually be working to improve your craft and evolving your product, and work consistently on your own branding, online marketing and people skills. Without the two, the results will likely just be an expensive hobby rather than a viable full-time business.

This Content covers;

1. Startup costs
2. Your branding and reputation
3. Pricing
4. Customer expectations and contracts
5. Where to find work
6. Simple options

1. Startup costs
Quality photography equipment is notably expensive, so you should start off with the minimum: Buying a multi million Naira lens doesn’t make sense if your business isn’t making money yet. Many professional photographers say to plan on budgeting about 1M to start your photography business.

Professional photographers recommend “building slow and smart” for beginners. Allow the organic growth of your business to fund equipment improvements, and avoid debt as much as possible!
Here is a basic budget for starting your business, not including studio or office space. All prices are yearly estimates or one-time purchases.



Tools and Equipment;
A suitable camera for your career options; #360,000 to #700,000
Two lenses; #270,000 to 400,000 each
Two flashes; #250,000 each
Multiple memory cards: #15,000 each
Two external drives: #50,000 each, one should be for backup and always indoors
Laptop with great graphics, memory and battery; #220,000 to 400,000
Website - (you can use a free webhost for a while with a custom domain; WordPress, Wix, PhotoShelter, or Squarespace); #15,000
Portfolio (if you want to go professional); #20,000
Lightroom and Photoshop subscription: #40,000
Business licenses: #5,000 to #15,000
Accounting: #50,000
Business cards: #5,000

Optional resources:
Business training and mentorship
Photography workshops and classes
Stylish camera bags and straps
Second computer
Printed marketing materials
Studio and office space

Other things you may need;
Market your business via social media (Facebook, Twitter and Instagram, to start)
Create your business name and logo
Research the best business structure (LLC, S corporation or other)
Set up business bank accounts Find a way to manage client contact information and emails Choose a spreadsheets and scheduling solution (Google Docs is free)
Find an expense tracker (mileage, expenses, billable time), such as Expensify
Establish a referral program

2. Your branding and reputation
Your person and equipment (gear): You are your brand. Even the little things affect your reputation;
When going for photoshoots, appear as sleek as possible! Ironed shirts, clean footwear (you can get three boots for your career), get a transport means – a bike is ideal for start ups, later you can get a car. Be organized – don’t forget any equipment, charge your equipment and take proper care of them. After every photoshoot, offer your cards to your clients and present referral gifts – a simple credit card of #200 can go a long way. Being ready shows respect and professionalism

Being timely: Always arrive as early as possible to shoot Early, remember there are a thousand more Photographers like you, any little mistake may cost you your brand. Always deliver as promised, if the job is too much for you, get maybe a youth around you and teach him basic skills like photo organization and data base management, so it’ll be easier to print photos in groups and save time. If you’re going to location for the first time, spend the previous day asking as much questions as possible over the phone or email. Leave your office very early so even if you miss a road, you still have time to recover. Print out directions so you don’t get lost. Ensure that your clients understand your production schedule and how long it will be for them to receive their proofs and final product, and stick to your agreements. Answer phone calls and emails in a timely manner.


Online:
Anonymity is nearly impossible these days. Many potential clients will be searching for you and your work online. Watermark all your images and rename them so anytime someone searches for your brand, all your previous photos will appear on Google. The images you post online should not only be high-quality but also the kind of images you want to be taking to attract the kind of work you want to be doing. Avoid contentious social media posts, and keep your language positive. Keep your LinkedIn profile and contact information on all sites up-to-date.

3. Service fee;
Fees may vary depending on the location you find yourself, Research the fees people take around you and offer at least 5% Discount for your services. Make them understand why you’re more beneficial than other Photographers around you.
Many photographers have difficulties with setting their price and determining their value. Certainly, you shouldn’t always reduce price , this may result in lost money or less than minimum wage, but many do. But ultimately, you’ll need to charge what you are worth.

Be sure to factor in travel and preparation time. Consider your ongoing costs, such as insurance, gear, accounting services and your website.
You should also always require an upfront deposit for high-priced services. To avoid motivational loss, always take at least 70% for a big job like covering a wedding or graduation, etc.

4. Customer expectations and contracts
Managing your clients’ expectations is important to your success. Your clients should know exactly what to expect of you and also what is expected of them. For weddings, timelines and group pictures should be organized in advance. For infant photos, your customers should know what clothes and accessories to bring. If you are taking corporate headshot images, people should know how to dress.

For contracts, your clients should know how much is due in advance and how to pay it. You should set terms on how far in advance you need them to commit so you can schedule. Contracts should be explained carefully, and if applicable, your customers should know how they are allowed to use the images — and that should be in writing as well. While not everyone is comfortable with legalese, your professionalism will help make this necessary part of your business agreement go as smoothly as possible. You can find free contracts online, such as model release, photo licensing, wedding agreements and other common photography contracts, on sites like Less Accounting.

Finding your niche market not only allows you to focus on a specific skill set but also offers the opportunity to find networking prospects in a specific genre. Wedding and infant photographers are abundant. You can still book these types of service, but if you can offer something that others do not, you may find more work.

The product you offer may cover a specific genre, such as sports, or even a style or mood, such as humorous photos. Or perhaps you are also a writer and can create beautiful picture books with family stories. Maybe you work in the medical industry and have the knowledge to create quality educational medical photography.



5. How to get clients;
Wedding and event Photography is the most popular over her;
With weddings, you get only one chance to do it right. If you have issues with your camera or memory card and don’t have the proper backup gear, you may miss the whole thing and damage your reputation quickly. If you are not prepared for lighting challenges or the chaos of working with emotional, opinionated family members, you will not produce your best work. Although weddings are usually profitable niche, many experienced wedding photographers recommend that you start as a second shooter with an established wedding photographer before going solo. Many part-time or freelance photographers are trying to get in the wedding game, but there are other ways to make money while you work on your skills and purchasing the proper gear.

It’s also important to note that the wedding market is seasonal, and business will likely fluctuate. If you’re getting into this market, be sure to plan ahead and save for the off-season.

6. Other photography markets
Not interested in competing in the oversaturated wedding or baby market? Here are some other avenues you can explore:

Stock photography: You can start your own stock-photo website or sign up as a contributor to popular sites such as Shutterstock or iStock. Pay may be low, but licensing is managed for you, and you can sell in volume. (TheSourcerer)

Contract work: Some photographers have obtained contracts that pay a set monthly amount to cover local events or to be on call. For example, perhaps your local tourism or business development department may pay you monthly to cover local events.

Commercial photography: All businesses need web images these days. You may be able to find work capturing images of their products or services, facilities, and even headshots of their board members and management team.

Real estate: Oftentimes, real estate agents will contract with photographers to capture professional images of homes, business properties and land. They may also want you to capture 360-degree or interactive video footage.

Pets: People certainly love their pets, and some pet owners want professional images of their furry companions, either as portrait-style images or on location with natural movement and action.

Boudoir or glamour: Many people like sensual pics of themselves or images taken of them with their hair and makeup professionally done. These can be done in a studio with other professional artists if you cannot do hair and makeup yourself.

Sports: A wide variety of sports organizations want professional images and video. You may even be able to obtain contract work to cover a full season or a specific event, such as a local marathon, rodeo or bike race. Keep in mind that lenses for capturing sports moments can be costly.

Local news: Local print, TV and online news sources may pay you for images of local events, weather disasters or crime scenes. It would require you to go out and cover events upfront on your dime, but it could pay off later.

Image or video editing: A busy local photographer may need assistance with his or her workload. The pay may not be ideal, but it is a good opportunity to work on your editing skills.

Product images: Many local artisans and retail businesses sell products online and need good product images for their own websites or shopping sites, such as Etsy or Amazon. The pay per image would be low, but the work is relatively easy.

Food images: Like every other business, restaurants need to have an online presence. You may find ample work in helping restaurants create online menus and promotional images.

Music: Working bands need promotional images for their websites, CDs and media packages. Some also desire video of their live performances.

Paparazzi: To some people, “paparazzi” may seem like a dirty word, but someone has to snap pics of the Kardashians in their less-than-flattering casual moments. If you live in a city such as Los Angeles, New York or Las Vegas, you may be able to make money from selling your celebrity photographs.

Prints: Some photographers have found success selling their prints. It’s a tough way to make money but worth exploring if it fits your genre. Prints can be sold online and in galleries.

Contests: If entering a photo contest is easy and doesn’t cost you anything, it may be worth trying to garner a little extra income.

There is a lot to know about becoming an exceptional photographer and making money doing it. With skill, careful marketing and a professional reputation, you have a good chance of creating a lucrative photography career.

Visit this source for proper font formatting and clear photos;
https://www.ioalert.com/2020/08/how-to-start-photography-bussiness.html

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Re: How To Start A Photography Business, How Much Does It Cost? by Ugaboy: 8:31am On Aug 17, 2020
Re: How To Start A Photography Business, How Much Does It Cost? by proxillin(m): 9:10pm On Jan 03, 2022
License fee? Is there a licensing body for photographer?
Re: How To Start A Photography Business, How Much Does It Cost? by Elitespecialist(m): 10:23pm On Jan 03, 2022
Re: How To Start A Photography Business, How Much Does It Cost? by Ugaboy: 9:29pm On Jan 04, 2022
Elitespecialist:

Great! But what if someone don't have funds to start, like nothing nothing! and no one to help.

Learn the skill, money will come.

[s]When I paid to learn the skill, it took me like 5 months even to have $10 to invest.

I progress from there, by selling my knowledge.
In crypto u earn by teaches and trading[/s]

Likewise other skill, when I needed to learn programming.
Many companies all hypes price to150-200k.

I saw a post how a guy uses night plans to download free tutorial video from YouTube and others.
Back them with up PDF file for the skill..

Today, even though I've not completed my data science skill, I'm proud the height, I have brought myself to... through free video, PDF, internet and friends the field.



One thing I know, skill is an asset...it will definitely pay one day.

Scripture says, the gift of man...maketh ways for him.


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