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Canon General / Re: when/how to start a photography business?
« on: October 12, 2012, 06:36:12 PM »
Many people think they are making money with photography when in fact they are simply subsidizing the cost of their hobby/business with their salary.
If you truly want to understand what it takes get yourself a copy of John Harrington's "Best Business Practices for Photographers" http://www.amazon.com/Best-Business-Practices-Photographers-Harrington/dp/1598633155
To give you an idea of what you'll need to charge in order to make a profit use the NPPA Cost of Doing Business Calculator found here: http://www.nppa.org/professional_development/business_practices/cdb/cdbcalc.cfm
The results may shock you. Running a successful photography business cost quite a bit of money in order to be profitable. Many people think photographer's are ripping them off with $1000 plus photography shoots. The reality is those costs are often more than justified. When I heard how much one of the local photographers in my area was charging for a photoshoot, I figured they were being overcharged and I could make a killing. $15K and three months later I feel I'm almost ready to open my doors for business and make a profit.
If you truly love photography and take the time to learn how to operate a business, you can be successful. Good luck, keep us posted how it goes.
If you truly want to understand what it takes get yourself a copy of John Harrington's "Best Business Practices for Photographers" http://www.amazon.com/Best-Business-Practices-Photographers-Harrington/dp/1598633155
To give you an idea of what you'll need to charge in order to make a profit use the NPPA Cost of Doing Business Calculator found here: http://www.nppa.org/professional_development/business_practices/cdb/cdbcalc.cfm
The results may shock you. Running a successful photography business cost quite a bit of money in order to be profitable. Many people think photographer's are ripping them off with $1000 plus photography shoots. The reality is those costs are often more than justified. When I heard how much one of the local photographers in my area was charging for a photoshoot, I figured they were being overcharged and I could make a killing. $15K and three months later I feel I'm almost ready to open my doors for business and make a profit.
If you truly love photography and take the time to learn how to operate a business, you can be successful. Good luck, keep us posted how it goes.