Are you thinking about how to price your photography services so you can really receive a payment from all the work you’re doing? Don’t know how a good and creative price list for photographer should look? Let’s consider many psychological tricks and formulas to show your potential customers and models that you’re worth the rates you are setting for your services.
Let`s consider examples of pricing in dependence of photo genre:
Portrait Photography Packages: the price is limited with $150-$300 for a single photo session. The biggest plus is that such photographers have more or less steady income especially because of commercial clients.
Event Photography: such specialists are engaged in seasonal work. For one photo session they may ask about $1500-$3500. Here the price directly depends on experience, richness of portfolio and type of ceremony. The top is about $15,000.
Website Photography: such specialists collaborate with popular department stores. Their work is focus on photographing goods, such as jewelry, food, cars, equipment, furniture for magazines. Per-image pricing is about $25-$150.
How high your rates should be, definitely depends on your qualifications, experience and portfolio. The more qualified you are - the bigger value of the images you take and provide.
Hobbyist: free or under $110 per hour. They usually have little or no experience in the field, have a job in a different sphere, but are passionate about photography and just make basic color correction.
Amateur: up to $80 per hour. Amateurs are generally more experienced than hobbyists. For example, they may develop their photo brand online and have already started developing their services and increasing the number of permanent clients. They are usually not good at Photoshop, but make basic adjustments or outsource photo editing.
Student: up to $120 per hour. There are students with different photography skills. Those, who can shoot just as good as pros and have a vast experience, should charge more. All other students should charge twice less than professionals. Mind, that age is not the price indicator, only your skills.
Semi-pro: up to $170 per hour. Such photographers are the ones on their way to becoming true masters in this sphere. Their skill set doesn’t allow them to charge just as much yet and their fee is usually $100 less. They provide professionally edited photos.
Professional: up to $270 per hour. A pro is a person who does photography for a living. They don’t have a backup job like all the previously-mentioned types. All the money that they make comes from their photography and photo editing services.
Top professional: $550+ per hour. It is a shooter who has made a name for him/herself in photography, someone who’s managed to build and sustain their photography brand and is the most demanded artist in his/her area now. Provide full package of photography and photo editing services.
Photographers of different genres offer different pricing models. The more you do while shooting and photo editing – the more you should charge.
Bridal shooters: $1700-3700. Bridal photography is considered to be the most well-paid photographic genre. Top professionals can charge thousands of dollars, but it takes time to get to that level.
Portrait photographers: $150-370. The price generally depends on the location, type of photo shoot (classical, lifestyle, studio, home, surreal, etc.).
Product photographers: $35-170 per image. It’s a very monotonous job that demands attention to small details. Usually, sellers do home photography studios with a professional lightbox and make their photos their own, except the cases when they need to take more than 1000 photos for their online shops.
Estimate the basic algorithm of evaluating your services:
Before creating the final price, make sure you have documented everything:
Remember, that is only a basic list, some individual items may be missed.
Time/labor Cost. According to Benjamin Franklin time is money. For instance, if you are a an event photographer, remember that you spend working time not only during photo session, but also before it meeting with clients and after it editing thousands of pictures at home.
Profit Margin.To define your profit margin, you should evaluate:
Choose One Pricing Model.You can deal with packages based on number of photos or spent time, a la carte and so on.
The best you can do is to test varied models before choosing. The easiest way of defining photography prices for beginners is to work with packages. That gives customers clear idea for what to pay. However, they may demand a custom package.
The way how to price photography packages may be influenced by varied factors. Type of provided service, the number of photo sessions and most probably the final amount of photos and prints. Still, the thing that is foregrounded is the ability of payment to cover expenses for organizing photo session plus money for your work.
Have a strategy that the highest price should come in the beginning. And don`t be afraid that it may scare your customers. Just on the contrary! In comparison with the highest rate, other prices will seem even lower. Let`s consider the following example. You want haircut and choose a stylist. You expect $40, but you see $120. But after minutes of comparing, you realize that $120 is the price for a luxury service. Below you see a haircut for 460. And this rate does not seem to be high anymore because of that $120.
People trust and buy only those that they can see. So do not print large photography pricing spreadsheets. Better stay concentrated on photos. Every price must be supported with a photo. So, don`t have a pricing list, even with low/average photography rates, that looks as if immediately after printer. Make your website more official and visually appealing.
Compare these two variants of photography rates per photoshoot. $1499 or $1499.00?
According to statistics, prices without extra zeros seem smaller to potential customers. Even despite undeniable fact that the price is equal, our brain thinks that the one which is shorter is cheaper.
Clients tend to think that prices with 99 in the end seem to be lower. Our brain tries to cut down everything. So, when we see $299, we subconsciously round it to $200, rather than to $300. What would you probably choose?
This pricing effect is specially influential in photography price list for beginners, where the focal point is attracting as many clients as possible.
Provide product that will set you apart from other photographers. For instance, why not offering custom frames or party albums, prints? We do not promise that most customers will choose it, but such trifles add a sense of deep creativity. And that rises your fare pricing.
Please, don’t think about apologizing about your prices and for having changed them. Now you can create your own price list and be confident that it will cover all payments and bring profit.
The structure of this template is standard. The name of your studio will be placed on the top to immediately grab attention and the packages with their description - below. Simple and informative sheet, this price list will appeal to everybody.
This layout of this price list is modern and bold. Everything you need to promote your photography business in an impactful way.
Straightforward and attractive, this template allows you to list your services and prices in the most eye-catching way with beautiful examples.
Even if price lists are meant for business purposes, that doesn’t mean that they have to be dull and grey! This one has a more elaborate design and uses several fonts, which produces a pleasing result.
This creative pricing list is a perfect variant if you want to convey your unique approach to your photography business and clients.
Minimalistic design and beautifully aligned photos on this price list will help you stand out from the competition. Simple, yet beautiful!
Comprehensive structure, complimented by an eye-pleasing color scheme results in a gorgeous portrait price list template.
This template relies on modern design and is specially crafted to meet the needs of portrait photographers.
Spread the information about your real estate photography services with this template, that has a perfect balance of visuals and text information.
Your clients will be amazed with your level of professionalism when they see this vibrant price list with a well-organized layout.
Elegant and delicate design with a carefully organized information results on an interesting bridal photography price list. Your clients are going to love this one!
The layout of this pricing list will instantly catch the eye of potential clients. A mix of modern and classic design is a great way to appeal to clients!
Why prints are important?
For customers prints is the best way to admire photos and for photographers they help to communicate value.
The way materials may affect your photography print pricing list. The algorithm is simple. Prints pricing is determined by the material on which you print. Here you may pay attention to unusual printing materials, such as metal. You will be able to solve it 3x amount in comparison with paper.
You should be familiar with abbreviation COGS (cost of good sold). This some defines how much did it cost you to print and then to present your product.
It proves that under condition your price is too low, you will not sell enough products. On the contrary if your price is too high, you will not sell anything too. There are no prices. The reason for it is that the price depends on audience and seller`s requirements. Your goal is to be placed in the middle of the presented graph. If you sell much, but not enjoy much profit – your price is too low. If you sale not many products – maybe your price is too high?
Discounts may become an important part of raising your profit.;
What goal do you follow? That is getting new customers and build attractive portfolio quickly.
Possible offer: to minus percentage from customer booking during a definite time frame.
Algorithm of work: this kind of discounts stays active during a limited period and offers too good offer to miss it. They involve people fast. Although they do not offer quick profit, they guarantee long-lasting relationship.
How to build? Firstly, count what will be your real price without a discount. The problem is that a lower rate does not lower expenses. Don`t offer discounts that vanish your money. So, 50% is not your story.
Possibility to lose money.Big discount may cause losing your own money. Before dealing with them, make confident you can afford that money lost. A great decision will be to offer not more than 20% for the coming season. You may offer even 50% for a particular kind of a photo session, but for a limited number of customers (not more than 5 usually). Don`t forget to stop discounts as you rich the goal.
Goal: to collaborate with customers that have already revealed interest, but are not ready to pay the full price.
What you should offer: a particular day of photo sessions with lowered prices.
Why it is effective: You will have several photo sessions on the same location within one day.
How to organize? The brilliant idea is to send an informative email nearly 5 weeks before the day of shooting. Inform readers that:
Main goal: make customers offer packages together
What to offer: you do not lower your price. You just add bonus option/product to a regularly priced service.
Why is it effective? It works for those clients that are fond of your work, but high prices fear them.
Strategies of creation:
Online cost of doing business calculator photography will help you to assist the reasonable price for CODB. Definitely it will not cover all aspects, but the general idea will be offered.
Sprount Studio is the first all-in-one commercial photography pricing calculator. However, it may deal with all photo genres.
Nick and Signe Adams calculator. Good calculator that shows how much should photographers charge in 2018.
NPPA. Here you can fill in the rate you desire and it will calculate that minimum that you will earn in order to rich your goal.
Modern market gives a rich variety of solutions starting from the sum for prints of different size to pricing for digital images. It uses a triangle pricing system.
LSP calculator. It specializes mainly in portrait photography pricing.
All mistakes concerning photographer price list and packages can be divided into 7 categories.
This problem is associated with beginners, as their photography price list examples contain too cheap rates.
Be completely honest and admit that when start, you estimate other people’s photography packages examples. It is not only you. That is not necessarily a negative thing, but it must be done in a correct way. If you are small city-based, $5000 change will definitely be out of rich. But great quality will guarantee at least $3500.
Use packages, do not be too detailed on your price sheets. Many services you offer on your pricing may scare potential clients.
Don`t forget that your time spent on selling costs money. One thing should convince you that time must be evaluated. All time spent on business cannot be spent on anything else.
This mistake is about those photographers, who offer cheap photography packages prices, because they do not believe that somebody will ever book them with higher one. Sure, there are cases when discounts do good. But when they occur too often, that is a sigh on desperation. Too many discounts lead to the following: you work with no profit or even for free.
For sure your package might make sense for you. More than sure that you have spent much time organizing it. You know every little detail. But think about your clients. They may not understand your idea. And if a client cannot understand your pricing, he/she may think that there is some trick. So, for the sake of safety they will change a photographer.
In case your clients ask you about clarification for pricing or difference between packages, think seriously about reconstructing your price list. Have a rule to simplify where possible. Moreover, using strange and inappropriate names for packs is not the best decision.
That is the most serious mistake beginners do here. It creates confusion, declines your brand status/trust. It brings the idea that you are not confident in your services. Surely, you may have a strategy to slightly raise rates. But do not stick to it just on random. Before changing, think over the right strategy and evaluate if new rates are fare. And do not change them more often than once per year. The only exception is when you do pretty much work that has been planned.
Don’t make mistakes and be fairy paid.