Today, I am going to become a photographer.
Camera? Check.
Lens? check.
Flash? Oh crap, I need to buy a flash. I’ve never used one, but I’m sure I’ll figure it out.
Photo bag? Check.
Website? Gotta call BluDomain
Ability to capture images? I take pictures of my baby everyday, so I’m good, I think.
Love of photography? Better than my day job. Check.
Wedding to shoot next week? Check.
Sound familiar?
This seems to be the extent of the planning for photographers jumping into the business these days. They get a Canon Rebel and a kit lens for Christmas and BAM! they are a professional wedding photographer. I was just on a photo forum and someone said, “I don’t really need to make money, so if it doesn’t work, it’s fine with me, but at least I tried.” This line is what prompted this blog post. I don’t even know where to start, but you see the list above, and in talking to friends and people I meet, it seems that this is about the extent of the planning. It should be pretty obvious what is missing, but in case it’s not, I’ll tell you: The Plan.
Can you imagine anyone going into business without a plan? Can you imagine going into business with no idea how to make money at it? Can you imagine not understanding the landscape of an industry before plowing in? Would you invest in someone who did that? Say someone you know says to you, ‘I need $60,000 to start my photography business. Can you loan it to me?” What questions would you ask? Maybe, how long have you been working at photography? What do you know about it? How is the industry right now? What makes you different from everyone else? What do you expect your income to be? When can you pay me back…with interest?
What successful businesses do before they just plow in is research. Take a stroll over to the BLS labor statistics and take a look at the average photographer’s salary. Here’s an extract for you:
“Median annual earnings of salaried photographers were $26,170 in May 2006. The middle 50 percent earned between $18,680 and $38,730. The lowest 10 percent earned less than $15,540, and the highest 10 percent earned more than $56,640. Median annual earnings in the industry employing the largest numbers of salaried photographers were $22,860 in the photographic services industry.
Salaried photographers—more of whom work full time—tend to earn more than those who are self-employed. Because most freelance and portrait photographers purchase their own equipment, they incur considerable expense acquiring and maintaining cameras and accessories. Unlike news and commercial photographers, few fine arts photographers are successful enough to support themselves solely through their art.”
You can read the entire publication here: http://www.bls.gov/oco/ocos264.htm
This is only one example of the plethora of research that is available on the web for free. Take advantage of it.
Part of your plan will include insurance expenses; yes you need at least a $1,000,000 liability insurance policy; some venues require it for you to work there. You need insurance for your equipment. What happens if your equipment gets swiped at a wedding? Or, what happens if all your equipment burns in a fire? What happens if in that same fire where you lost your equipment, you also lost client images that were not yet delivered and now those clients are going to sue you? You NEED insurance.
You need to pay taxes on your income. This can take a pretty big bite out of your income. Figure about 30% or so.
You will need to account for all of the mileage you will be driving all over the city. Wear and tear on your car is a big ticket item. It doesn’t seem like it at first, but you cannot have a heap of a car when you are a wedding photographer. You need to be able to get to every wedding. Calling the bride and saying, “my car wont start” is not acceptable.
You need to think about your equipment. That Rebel will not last very long in the day to day use of a pro photographer. Equipment gets pretty beat up. You need pro gear. And, it can get fairly expensive; especially at first.
You need to have 2 of everything you own. Equipment failures do happen. And, in the event that your cameras fail, you should have a complete set of capable professional cameras ready to roar. There’s nothing worse than the first dance starting, and your cameras fail.
You need to have a back up system for all those wonderful images you take. Hard drives fail. I’ll say it again, ALL HARD DRIVES EVENTUALLY FAIL. So, you need to have a back up, and a back up of the back up. Having off-site storage is a very good idea. Many pros have all their images stored off-site in case of a total catastrophe (see the fire scenario above).
Where are you going to find brides? You don’t just put up a website, and all of a sudden brides are beating down your door for you to photograph them. It doesn’t work that way. So, how are you going to reach out to them?
These are only a few considerations. I am only scratching the surface. There is much more.
Have a great day!
Jerry Frazier
Los Angeles Wedding Photographer
http://www.jerryfrazierphotography.com