How To Price Your Photography to be PROFITABLE
ฝัง
- เผยแพร่เมื่อ 21 ก.ค. 2024
- One of the questions that I get asked ALL THE TIME is about pricing. What should I charge for my sessions? How do I know if I am being profitable? In this week's episode I give you practical tips for how to price yourself to make the most money for your time.
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Chapters:
0:00 Introduction
0:35 Freebie
1:09 Cost of Doing Business (CODB)
1:52 Calculate your Expenses
4:38 Calculate Number of Hours
5:50 Choosing your Hourly Rate
6:50 Equation
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This was so helpful and very affirming. No photographer should ever be charging less than $300 for a session.
not me charging less than 300 for a session
@@jazzie9647 that’s okay. We all start somewhere, but now that we have the info, we can charge what we are worth with confidence 😃
This is great! I've just started out, and to build a portfolio I'm charging $175 for a 45 min session. But plan to go above 400 when I have the portfolio
This was SO helpful. The math part of the business is not my forte and this brought everything together easily!! It’s given me some things to rethink. Thank you! 😃🙌🏽✨📷
Thank you for this!
Oh this is so helpful thank you! My brain has been flipping between numbers and my worth for so long x
Thank you for explaining very detailed information! It has helped me a lot to begin valuing more my time as an entrepreneur.
Thank you! This was very well explained and so helpful!
This is VERY helpful! Thank you.
Thank You Rebecca! This video was very helpful.
Yay! I’m so glad!
Super helpful video! Thank you so much for this Rebecca 🙌 As a business owner it is often so hard to figure out what you should be charging. I love that you included taxes because that can often be heart attack inducing! Planning for it makes it much less stressful.
Absolutely!! Glad to help!
What a great informative video you have taken the time to share with us !! I literally just realized how much l have been undercharging and it can get overwhelming and exhausting. But now knowing this information l definitely have to make the move to raising my prices. How would you suggest adding in-studio shoots or on-location shoots where l will bring equipment? Or would you suggest the cost be for the client to decide if they will book a space on their own?
Just curious how you got the number for the taxes before knowing how much you made for the month.
l just did the math and how l got 660 was multiplying $275 which is what we're being paid (multiplied by the number of sessions for the sake of Rebecca's example [8]; that total equals $2,200 then when you calculate 30% of $2,200 you get $660. Hope this is accurate and it helps!
I just found your channel !!!! OMG I LOVE IT !!! I’m surprised you dont have more subscribers.
Do you offer workshop for beginners?
We only started posting videos consistently about a month and a half ago! 🙌🏼 We DO! If you head to my website www.rebeccaricephoto.com/for-photographers you’ll find tons of resources! Also have lots on my blog and in my shop!
Awesome!!!! I’m gonna definitely gonna check it out !! Thank you
So helpful! Just curious! Is this for all inclusive pricing like the shoot and photos? I've been thinking of changing a price just for taking photos then adding on for edited photos?
Yes this for all-inclusive!
How do I get a different email? I currently have gmail.. And how much should I be setting aside for taxes, roughly? 20%?
Wow, this was extremely helpful. Love your new tool! Question - does your level of skill play any part in this? You mentioned editing would typically double the time of your session. For me, it’s not. It’s taking A LOT of time. More than I’d like. So how does this affect how much I should be charging? Also, I’ve heard when you raise your prices, it’s always best to do it gradually. What if I plug in my numbers and in order to make what “I’m worth,” I would have to increase my price significantly. What do you suggest?
Great questions, Ling! If it’s taking you more time to edit, then you should be compensated for that time. That means you’ll likely need to raise your prices. If you find that you’re undercharging, it’s typically best to raise your prices in one big go. The new year would be a great time to do it! You could send a courtesy email to past clients letting them know your pricing structure will be changing in the new year, or just let it happen without announcing it. You’ll likely lose some past clients, but you’ll gain new ones who will happily pay your prices!
This was great.
Glad you liked it!
I agree. So helpful!!
Hi Rebecca. Thank you for the info. very helpful. I didn't quite understand what company you used for your Client Management system the name. What company was that?
It’s called Dubsado! There’s a link for 20% off in the video description towards the bottom 😊
What if you don't want to do your own editing, do you have any suggestions on outsourcing editing?
Yes! Editing is one of the first things I suggest photographers outsource. There are bigger companies like Photographer’s Edit you could use that are a little cheaper, or go for a private editor for a more customized experience. Kami Austin is a great private editor who is taking on new clients currently!
Did shootproof raise their price? I don’t see any plan available for $10 a month
They did, the lowest is now $17/month it looks like.
Hey Rebecca, I’m going over this video but plugging in my own numbers. I am uncertain how you got the $660 from taxes. Can you explain how you came up with that dollar amount?
$660 was based on a $275 session price with 8 sessions per month. It’s meant to be a placeholder estimate. You’ll need to adjust that number as needed for whatever your price is going to be.
Okay... so if I'm trying to figure out what my prices will be how can I figure out my taxes from the "price" that doesn't exist yet?
@@debbie.painter23 I have the same question. The taxes part is confusing me, as I don't know yet what to calculate or charge. In this example the equation came out to charging no less than $390, but the $660 # for taxes would be based off a $275 session. My brain hurts lol!
@@alyssaroloff5372 I ended up figuring it out...trying to remember how I did it now lol. It ended up not being super hard I was just overthinking it or something🤣🙈
@@debbie.painter23 Let me know if you remember! I spent way too much time trying to figure it out and couldn't. It's been awhile since I've done math...lol!