Hi im working into photography business, anyone here has experienced in Photography business plan? and how to approach the local magazines and web to sell our service? Btw i'm living in malaysia, based in Kuala Lumpur. Many thanks and regards, Gareth Choo
Photography - 2 Answers
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1 :
Here is a link that will allow you to calculate all that: https://www.nppa.org/professional_development/business_practices/cdb/cdbcalc.cfm Don't forget to include the replacement of camera bodies every three to five years as well as the notebook and desktop computers The cost of the actual equipment will have much more to do with the services you plan to provide. Two bodies and four lenses can cost as little as $25,000 for a simple studio set up to over $40,000 for just the lenses use by a sports photographer We recently built-out a photo studio in a 1600 square foot industrial building at a cost of just under $50,000. This included building a makeup and changing room, office, one two wall cyclorama and one single wall cyclorama as well as nine ceiling mount photo backgrounds. We have a total of four complete studio flash set ups (a total of 18 flash heads, stands and light modifiers) We also have two computers in the office. One is used for all the workflow and the other holds all our business related software as well as client data base. In our case we brought clients to the studio from our individual businesses, so we did not have to build a client list from scratch. My guess is you will have just under $75,000 invested before you open your doors if you do not have all the equipment and instant clientele and have to produce some cashflow from your marketing program
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Gareth, Greetings from Estonia! Just to add: In case you need to put together a formal business plan document with financial projections and ratios, check out the resource below - it's an online business plan software (free to start on a Basic level).
