Running a Photography Business: Pricing Your Work

Running a Photography Business: Pricing Your Work

2h 33mIntermediate2017-01-13

Authors

Skip Cohen

Skip Cohen

President of Marketing Essentials International

Course details

"How much should I charge?" It's one of the most common questions asked by anyone starting a freelance or full-time photography business. In this course, veteran photo marketing consultant Skip Cohen helps you answer that question by addressing topics such as how to look at the demographic of your target audience, manage your own expenses, decide which services you plan to offer, and more. He helps you understand the variables that go into pricing your work as a photographer so you can run a successful business.

Learning objectives
Understanding revenue
Looking at target demographics
Understanding your target audience
Identifying your real costs
Deciding which products and services to offer
Pricing your products
Working with key suppliers
Controlling your costs

Skills covered

Small Business ManagementSmall Business and EntrepreneurshipLimited Series

Concepts

Introduction

  • Welcome - The challenge and importance of understanding revenue
  • Understanding revenue
  • What are your goals
  • Full time vs. part time

Target Demographics

  • Local vs. global
  • Owning your zip code
  • Different demographics require different methods of reach

Understanding Your Target Audience

  • Seeing through their eyes
  • Where are they and what's important to them
  • Understanding the value of what you offer

What Are Your Real Costs

  • Gear and software
  • Equipment, space, and vendors
  • Top 10 list of things most often forgotten - Education, travel, and insurance

What Are You Going to Offer

  • Different specialties and different products
  • la carte vs. packages
  • Fee based
  • Services vs. hard goods

Pricing

  • Single vs. 3 4 tiers
  • Taking an appropriate margin and the key price points
  • Competitors and your pricing

Working with Suppliers

  • Using a professional lab
  • Printing your own work
  • Vendors in your network
  • Knowing what's hot and what's not

Creating Added Value

  • A complete strategy
  • Promotional offers
  • Products services that are unique - Day in the life and extended coverage
  • Partnerships and cross-promotions with other vendors

Your Costs

  • Cost tips
  • Understanding the market's key price points

When Things Don't Go As Planned

  • Breathe - It's not a bad life just a bad day
  • The economy
  • Educating your clients

Conclusion

  • Next steps
80,000 Toman