Determining the right pricing strategy is one of the most challenging aspects for photographers aspiring to build a successful business.
When viewed from the lens of a budding photographer, moving forward on charging is scary. In this journey, you'll often encounter a spectrum of friends with varying experiences. One might be working for free, grumbling about it, while another friend barely manages to make ends meet due to undercharging. Then, there's that one friend who seems to be living the high life, cruising around in a fancy car, with bills comfortably paid, all thanks to their thriving photography business. As a new photographer looking to enter this dynamic industry, you find yourself even more perplexed.
To offer some clarity, I've created a video that provides a general sense of what's possible. While the internet is brimming with complaints, remember that this information is designed to give you a baseline. Photography fees vary widely depending on location and competition. A photographer in a small town won't charge the same as one in a bustling metropolis, but they also face less competition and enjoy a lower cost of living.
As you watch the video, there will be distinct pricing tiers: Amateur Rate, Mid-Range, Experienced, and Celebrity/Pro.
Keep two vital points in mind as you watch the video:
First, when I mention the earnings of top-level photographers, it's essential to understand that these figures are not ceilings. You have the potential to exceed these benchmarks. This guide serves as a reference to help you gauge your possibilities.
Second, always remind yourself that photography is a profitable venture. Some may claim otherwise, but that's their truth, not yours. I'm here to support you in crafting a different narrative about your success.
I think there are two kind of people. Those who brag about the bargen they made, and those who talk about how expensive it was. The more they payed, the better. I live in a small city and here IKEA is popular:)