After some consideration I have decided to formally close the public portion of this business under the DBA Walt's Photos and/or the name Walt Sorensen commercial photography. This decision has not been an easy one to make but it is one that I must make. I have never achieved what I had desired to do in photography, and at this time I no longer see some of those dreams in Photography as a possibility. After taking consideration of my future prospects, and my personal desires, I have decided to pursue some different opportunities. In short this means I will no longer be accepting any new clients under any circumstance. I will continue to service a select few existing clients, or any existing clients which wish to continue working with me. That being said, there will be restrictions on the work I do since I will be focusing other prospects and personal projects. Additionally, I will not be continuing to sell my fine art or stock photography since these activities are very time con...
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The Cost of Starting and Being in Business - Photography part 8
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This is the first in a series of new articles on The Cost of Starting and Being in Business continuing the series I started in 2009. In this addition I recommend the following Lynda.com Course "Running a Design Business: Freelancing". This course covers the basics you need to know about the difference in running a business as a freelancer rather than as an employee. http://www.lynda.com/Business-tutorials/Running-Design-Business-Freelancing/112415-2.html I do want to make it well known that I am not getting any kickbacks from Lynda.com, nor am I affiliated with them in anyway. I have taken a few courses through them and found their service valuable. I hope you will find this specific course valuable too. It's a different perspective from the series I wrote in 2009, and is more relevant to 2013, but has less of the region specifics included in my 2009 series.
The Cost of Starting and Being in Business - Photography part 7
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(This is a reprint of a series of notes I wrote on Facebook in 2009) In our last episode we discovered our Start up costs for a homebased photography business would be about $6870 with an additional $6581 annual reoccurring costs. This is just costs, too that we talked about adding a small take home pay and self-employment tax. For this episode I wanted to point everyone to a great resource, the NPPA Cost of doing business calculator. (sorry, the link was down at the time of republishing this writing, but a Google search should help you find a good CDB calculator) Take a look at the CDB calculator, and plug in your numbers for your business....what did you find? Are you charging enough in just costs for your work? We ran the default numbers in the calculator to find the following: Results Total annual expenses (including desired salary) $89,850.00 Weekly Cost of Doing Business $1,727.88 Your Overhead Cost for a Day of Shooting $898.50 The cost for a day of shooting i...
The Cost of Starting and Being in Business - Photography part 6
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(This is a reprint of a series of notes I wrote on Facebook in 2009) In our last episode we discovered our Start up costs for a homebased photography business would be about $3370 with an additional $3081 annual reoccurring costs. I thought I would touch on pricing a little. I'm not going to say what you should charge, or exactly how you should come to a pricing point. I am going to discuss cost factors in pricing. In our last episode we discussed an estimated number of shoots; working out to 20 weddings and 100 portrait sessions for the year. we also talked about the hard cost of copyright registration at $35 per collection. Are business starting cost plus annual reoccurring cost averages over the 120 shoots to about $54. That brings our hard costs per shoot to $89. But wait there is more. We haven't talked about equipment. Depending on who you talk to your equipment costs for shooting digital will vary based on the type of system you have for your DSLR or your computer. ...
The Cost of Starting and Being in Business - Photography part 5
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(This is a reprint of a series of notes I wrote on Facebook in 2009) In our last episode we discovered our Start up costs for a homebased photography business would be about $2950 with an additional $2661 annual reoccurring costs. I this episode we'll talk about Copyright registration costs. In any photography business if you want to protect yourself, your clients, and your business; you need to register your images with the copyright office. If you ever publish your images even to facebook , blog or website; you need to protect what you created. The creation of a photograph is intellectual property, it is art, it is one of a kind. I know there are lots of photographers who think I'll take my money give the client a disk with hi-res photos, provide a release with all the rights, and run. But doing that opens you and your company to risk. Once those files leave your possession with a full release the cat is out of the bag. Here are some potential issues: you no longer can us...
The Cost of Starting and Being in Business - Photography part 4
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(This is a reprint of a series of notes I wrote on Facebook in 2009) In our last episode we discovered our Start up costs for a homebased photography business would be about $2440 with an additional $2151 annual reoccurring costs. This will be a short episode. So our subject thought they would rent some photography equipment from a local rental company called Redman's to shoot some portfolio stuff with studio lighting. Redman's doesn't have much photography stuff but they have tons of lighting for movies and photography with c-stands backgrounds etc. Our subject calls up Redman's, sets up some of the details; like what equipment and the date of the rental. Then we get down to paperwork, and the first request is "we'll need you to send over a copy of your business insurance showing a minimum of $1 million in general liability insurance." Our subject is a little taken back by this request, they hadn't even thought that their business should have ins...